Financial news on July 12th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28,7429,9728,7429,8146.6M
General ElectricGE38,4439,0038,2039,0045M
Oracle Corp.ORCL20,0520,5119,9720,5036M
Abbott LaboratoriesABT51,9053,8851,9053,7628.1M
HP Inc.HPQ45,8047,6345,5047,3525.1M
Wal-Mart StoresWMT48,9049,2447,6848,8325M
AT&T Inc.T40,0240,5439,6940,4824.1M
Home DepotHD40,6341,0040,4340,9420M
JPMorgan ChaseJPM48,6949,6348,1349,5319.2M
Wells Fargo & Co.WFC35,1535,4834,9235,4418.3M
Procter & GamblePG61,5762,9961,5662,9317.6M
Bristol-Myers SquibbBMY31,7132,2131,4032,0214.9M
Verizon CommunicationsVZ40,8941,5040,7141,4312.8M
UnitedHealth GroupUNH51,3853,1051,1353,0912M
Johnson & JohnsonJNJ63,0563,4162,6263,3611M
Walt Disney & Co.DIS34,1134,2733,9634,2510.8M
International Business MachinesIBM109,35109,65108,22109,289.54M
Gilead SciencesGILD39,7839,9439,1839,947.49M
United TechnologiesUTX73,0674,0073,0073,993.96M
Union PacificUNP119,00119,74117,75119,732.27M
Berkshire HathawayBRK.B3688,003689,003665,003677,509.5K
Exchange Rates of July 12th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122,410 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,046 CAD1 CAD = 0,956 USD
US DollarSwiss Franc1 USD = 1,203 CHF1 CHF = 0,831 USD
US DollarChinese Yuan1 USD = 7,565 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 168,800 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,679 GBP1 GBP = 1,473 EUR
EuroAustralian Dollar1 EUR = 1,591 AUD1 AUD = 0,628 EUR
EuroCanadian Dollar1 EUR = 1,441 CAD1 CAD = 0,694 EUR
EuroSwiss Franc1 EUR = 1,659 CHF1 CHF = 0,603 EUR
Japanese YenPound Sterling1 JPY = 0,402 GBP1 GBP = 2,488 JPY
Japanese YenAustralian Dollar1 JPY = 0,942 AUD1 AUD = 1,061 JPY
Japanese YenCanadian Dollar1 JPY = 0,854 CAD1 CAD = 1,171 JPY
Japanese YenSwiss Franc1 JPY = 0,983 CHF1 CHF = 1,018 JPY
Pound SterlingAustralian Dollar1 GBP = 2,344 AUD1 AUD = 0,427 GBP
Pound SterlingCanadian Dollar1 GBP = 2,123 CAD1 CAD = 0,471 GBP
Pound SterlingSwiss Franc1 GBP = 2,442 CHF1 CHF = 0,410 GBP
Australian DollarCanadian Dollar1 AUD = 0,905 CAD1 CAD = 1,105 AUD
Australian DollarSwiss Franc1 AUD = 1,042 CHF1 CHF = 0,960 AUD
Canadian DollarSwiss Franc1 CAD = 1,150 CHF1 CHF = 0,869 CAD

See what else happened on July 12th, 2007