Financial news on October 11th, 2007

Business and Financial news
Google Founders Pick Up Another Big Plane

Google’s billionaire founders, owners of a Boeing 767 that has been the talk of Silicon Valley, are apparently adding another unusually large private jet to their fleet: a Boeing 757. Read more..

By MIGUEL HELFT - The New York Times

Google, Mozilla and the Open-Source Phone

The rise of open-source cellphone software will challenge wireless handset makers and carriers. Read more..

By SAUL HANSELL - The New York Times

Iron Mine Operator Bids for Rival

Murchison Metals bid as much as 986 million Australian dollars ($882 million) in stock for the Midwest Corporation to secure the right to build a port needed for its iron ore mine. The bid values Midwest at 4.70 Australian dollars a share, 34 perc... Read more..

By BLOOMBERG NEWS - The New York Times

Making a Treo Sing With Opera

How hard is it to get the Opera browser on my Treo? Is it worth it? Read more..

By J. D. BIERSDORFER - The New York Times

(Mostly) Good Things in a Small Package

Palm creates a new smartphone by shaving a few doodads off the Treo. Read more..

By DAVID POGUE - The New York Times

Pension Fund Sues Mattel on Toy Recalls

The suit asserts that the company breached its duty to shareholders by mishandling product safety procedures responsible for three toy recalls during the summer. Read more..

By LOUISE STORY - The New York Times

Plasma TVs: The SUVs of the Living Room

When the Australian government wanted to create a six-star system to rate the energy efficiency of television sets, it found that most of the big plasma sets wouldn’t meet its minimum requirements. Read more..

By SAUL HANSELL - The New York Times

Retailers Lower Forecasts After Sales Reports

Retailers appear to be in for a rough fall, as big chain stores today reported bleak September same-store sales. Read more..

By MICHAEL BARBARO - The New York Times

Stock Sales by Chief of Lender Questioned

The S.E.C. has been asked to investigate stock sales by Angelo R. Mozilo, Countrywide’s chief executive, before its shares plummeted amid the deepening mortgage crisis. Read more..


The Pros and Cons of the LG8700 Cellphone

David Pogue reviews his own cellphone, the LG8700, offered by Verizon. Read more..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO33.3833.6032.6032.8045.2M
Wal-Mart StoresWMT47.3547.7046.7246.9041.1M
Oracle Corp.ORCL22.9523.0022.3922.4635.1M
General ElectricGE41.9542.0941.3741.6029.7M
JPMorgan ChaseJPM47.0147.6246.5346.6627.9M
Abbott LaboratoriesABT53.3053.6252.4453.3623.6M
AT&T Inc.T42.0042.5741.5041.6120.5M
Home DepotHD33.7034.2533.2233.4317.1M
Wells Fargo & Co.WFC36.6637.0035.9836.3216.3M
Verizon CommunicationsVZ45.6346.2445.4445.6813.2M
International Business MachinesIBM118.99121.46117.37118.0513M
HP Inc.HPQ52.4852.6451.1651.6111M
Johnson & JohnsonJNJ65.9866.2365.8365.9510.4M
UnitedHealth GroupUNH49.5449.6049.2049.3410.1M
Procter & GamblePG71.6571.9871.4171.779.2M
Bristol-Myers SquibbBMY29.9129.9729.3929.508.46M
Gilead SciencesGILD43.2543.5342.1442.327.86M
Walt Disney & Co.DIS35.5035.6334.9035.016.11M
United TechnologiesUTX80.8681.2078.6479.254.73M
Union PacificUNP118.18119.46116.00118.402.16M
Berkshire HathawayBRK.B4160.004210.004154.004195.0012.9K
Exchange Rates of October 11th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.300 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.976 CAD1 CAD = 1.025 USD
US DollarSwiss Franc1 USD = 1.181 CHF1 CHF = 0.846 USD
US DollarChinese Yuan1 USD = 7.505 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 166.590 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.698 GBP1 GBP = 1.432 EUR
EuroAustralian Dollar1 EUR = 1.576 AUD1 AUD = 0.635 EUR
EuroCanadian Dollar1 EUR = 1.385 CAD1 CAD = 0.722 EUR
EuroSwiss Franc1 EUR = 1.678 CHF1 CHF = 0.596 EUR
Japanese YenPound Sterling1 JPY = 0.419 GBP1 GBP = 2.387 JPY
Japanese YenAustralian Dollar1 JPY = 0.946 AUD1 AUD = 1.058 JPY
Japanese YenCanadian Dollar1 JPY = 0.831 CAD1 CAD = 1.203 JPY
Japanese YenSwiss Franc1 JPY = 1.007 CHF1 CHF = 0.993 JPY
Pound SterlingAustralian Dollar1 GBP = 2.257 AUD1 AUD = 0.443 GBP
Pound SterlingCanadian Dollar1 GBP = 1.984 CAD1 CAD = 0.504 GBP
Pound SterlingSwiss Franc1 GBP = 2.402 CHF1 CHF = 0.416 GBP
Australian DollarCanadian Dollar1 AUD = 0.879 CAD1 CAD = 1.138 AUD
Australian DollarSwiss Franc1 AUD = 1.064 CHF1 CHF = 0.940 AUD
Canadian DollarSwiss Franc1 CAD = 1.211 CHF1 CHF = 0.826 CAD

See what else happened on October 11th, 2007