Financial news on July 12, 2007

Business and Financial news
An Ultramobile PC, All of Six Inches Long, Is an Importer’s Latest Find

The Raon Everun ultramobile PC, which starts at $799, has a 4.8-inch touchscreen and a full mini-keyboard with touchpad. Read more..

By JOHN BIGGS - The New York Times

A Way for Resource-Rich Countries to Audit Their Way Out of Corruption

Governments should be made more accountable in spending their money, but how can that be done? Read more..

By TYLER COWEN - The New York Times

Bush Official Opposes Raising Taxes on Private Equity

The Bush administration warned lawmakers not to raise the tax rate of private equity and hedge funds or their managers, maintaining that it would injure the economy. Read more..

By STEPHEN LABATON - The New York Times

Cerberus Chairman ‘Committed to Chrysler’

John Snow, chairman of the private equity firm that is buying Chrysler, said that higher fuel economy standards threaten the future of the domestic auto industry. Read more..

By NICK BUNKLEY - The New York Times

Dial Up the Web With a Cellphone

How do I use my cellphone as a modem? Read more..

By J.D. BIERSDORFER - The New York Times

Japan: Inflation Up, Confidence Down

Japan’s wholesale inflation accelerated in June as oil and other commodity prices rose, prompting food and packaging companies to pass on costs to clients. Read more..

By BLOOMBERG NEWS - The New York Times

Laptops for Those Who Simply Must Color-Coordinate

Dell’s new XPS M1330, available only in tuxedo black, crimson red and pearl white, is the thinnest 13-inch-screen notebook. Read more..

By STEPHEN C. MILLER - The New York Times

Nintendo Says Its Wii Game Will Remain in Short Supply

Nintendo expects its popular Wii game machine will continue to be in short supply, while Sony said it is seeing increased PlayStation 3 sales after announcing a price cut. Read more..

By ERIC A. TAUB - The New York Times

Shift in Health-Cost Focus Is Said to Show Promise

By coordinating care and keeping their patients out of the hospital, doctors can help reduce overall health care spending, Medicare officials said. Read more..

By REED ABELSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 24.75 26.00 24.57 26.00 135M
Microsoft MSFT 29.56 30.11 29.44 30.07 54.3M
Pfizer PFE 25.55 26.00 25.38 25.98 53.1M
Cisco Systems CSCO 28.74 29.97 28.74 29.81 46.6M
General Electric GE 38.44 39.00 38.20 39.00 45M
Oracle Corp. ORCL 20.05 20.51 19.97 20.50 36M
Abbott Laboratories ABT 51.90 53.88 51.90 53.76 28.1M
Apple AAPL 133.85 134.24 132.39 134.07 25.2M
HP Inc. HPQ 45.80 47.63 45.50 47.35 25.1M
Wal-Mart Stores WMT 48.90 49.24 47.68 48.83 25M
ExxonMobil XOM 87.70 89.73 87.29 89.62 24.8M
AT&T Inc. T 40.02 40.54 39.69 40.48 24.1M
ConocoPhillips COP 86.35 88.65 85.59 88.64 23.5M
Home Depot HD 40.63 41.00 40.43 40.94 20M
JPMorgan Chase JPM 48.69 49.63 48.13 49.53 19.2M
Wells Fargo & Co. WFC 35.15 35.48 34.92 35.44 18.3M
Comcast CMCSA 27.90 27.91 27.54 27.72 18.2M
Procter & Gamble PG 61.57 62.99 61.56 62.93 17.6M
Merck MRK 49.20 50.87 48.90 50.77 16.7M
Bristol-Myers Squibb BMY 31.71 32.21 31.40 32.02 14.9M
Verizon Communications VZ 40.89 41.50 40.71 41.43 12.8M
Chevron CVX 90.91 93.37 90.75 93.30 12.6M
UnitedHealth Group UNH 51.38 53.10 51.13 53.09 12M
Coca-Cola KO 52.15 52.65 52.05 52.63 11.7M
Amazon AMZN 71.31 73.57 70.73 72.79 11.5M
Johnson & Johnson JNJ 63.05 63.41 62.62 63.36 11M
Altria MO 70.84 72.19 70.76 72.07 10.9M
Walt Disney & Co. DIS 34.11 34.27 33.96 34.25 10.8M
International Business Machines IBM 109.35 109.65 108.22 109.28 9.54M
Amgen AMGN 55.08 55.96 54.99 55.95 9.26M
Schlumberger SLB 87.95 88.58 87.00 88.51 8.72M
Gilead Sciences GILD 39.78 39.94 39.18 39.94 7.49M
Alphabet GOOGL 545.86 547.32 540.22 545.33 6.88M
McDonald's MCD 51.00 51.66 50.50 51.65 6.59M
Pepsico PEP 66.26 67.00 66.00 66.94 5.63M
Boeing BA 100.50 100.82 99.76 100.78 4.57M
3M MMM 87.67 89.96 87.60 89.93 4.2M
United Technologies UTX 73.06 74.00 73.00 73.99 3.96M
Union Pacific UNP 119.00 119.74 117.75 119.73 2.27M
Berkshire Hathaway BRK.B 3688.00 3689.00 3665.00 3677.50 9.5K
Exchange Rates of July 12, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 122.410 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.046 CAD 1 CAD = 0.956 USD
US Dollar Swiss Franc 1 USD = 1.203 CHF 1 CHF = 0.831 USD
US Dollar Chinese Yuan 1 USD = 7.565 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 168.800 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.679 GBP 1 GBP = 1.473 EUR
Euro Australian Dollar 1 EUR = 1.591 AUD 1 AUD = 0.628 EUR
Euro Canadian Dollar 1 EUR = 1.441 CAD 1 CAD = 0.694 EUR
Euro Swiss Franc 1 EUR = 1.659 CHF 1 CHF = 0.603 EUR
Japanese Yen Pound Sterling 1 JPY = 0.402 GBP 1 GBP = 2.488 JPY
Japanese Yen Australian Dollar 1 JPY = 0.942 AUD 1 AUD = 1.061 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.854 CAD 1 CAD = 1.171 JPY
Japanese Yen Swiss Franc 1 JPY = 0.983 CHF 1 CHF = 1.018 JPY
Pound Sterling Australian Dollar 1 GBP = 2.344 AUD 1 AUD = 0.427 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.123 CAD 1 CAD = 0.471 GBP
Pound Sterling Swiss Franc 1 GBP = 2.442 CHF 1 CHF = 0.410 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.905 CAD 1 CAD = 1.105 AUD
Australian Dollar Swiss Franc 1 AUD = 1.042 CHF 1 CHF = 0.960 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.150 CHF 1 CHF = 0.869 CAD

See what else happened on July 12, 2007