Financial news on October 12th, 2007
Business and Financial news
The future of social networking? Competing with Facebook? All those e-mails from people wanting you in their network? Ask your question for Dan Nye, the C.E.O. of LinkedIn, in the comments to this post. Read more..
Oracle’s unsolicited bid for the software maker, announced today, comes amid mounting competition from SAP of Germany and Microsoft. Read more..
Citigroup said it would combine its investment banking and alternative investment units, bringing both groups together under one leader, Vikram S. Pandit. Read more..
Beijing says it has exported $878 billion in goods through the first nine months of 2007. Read more..
As delinquencies and foreclosures rise within Countrywide’s loan portfolio, the lender is increasingly finding itself at the center of the mortgage storm. Read more..
When Oracle offered $6.7 billion for BEA Systems on Friday, one of the Street’s longest-running rumors finally turned into fact. Read more..
With its latest redesign, BusinessWeek is looking for some magic to raise circulation and keep advertisers interested. Read more..
Dan Nye, LinkedIn’s chief executive, said the company will allow only outside applications that it approves, and it is interested in a share of the revenue of companies that use its platform. No food fights need apply. Read more..
Snocap, a service started by Shawn Fanning, the Napster founder, that was meant to help music companies profit from file-trading systems, has laid off 60 percent of its staff and is preparing for a sale. Read more..
Speaking to the especially wired group of executives and politicians at Google’s Zeitgeist conference, Yves Chouinard, the founder of the Patagonia outdoor clothing maker, said he has never used a keyboard and that technology tends to homogenize culture. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||36.45||36.61||35.98||36.04||13.9M|
|Procter & Gamble||PG||71.93||72.00||71.60||71.70||8.21M|
|Johnson & Johnson||JNJ||66.17||66.24||65.81||65.94||7.03M|
|International Business Machines||IBM||118.50||118.89||117.28||117.81||5.66M|
|Walt Disney & Co.||DIS||35.20||35.58||35.15||35.47||5.47M|
Exchange Rates of October 12th, 2007
|US Dollar||Japanese Yen||1 USD = 117.600 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 0.972 CAD||1 CAD = 1.029 USD|
|US Dollar||Swiss Franc||1 USD = 1.184 CHF||1 CHF = 0.844 USD|
|US Dollar||Chinese Yuan||1 USD = 7.511 CNY||1 CNY = 0.133 USD|
|Euro||Japanese Yen||1 EUR = 166.750 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.696 GBP||1 GBP = 1.436 EUR|
|Euro||Australian Dollar||1 EUR = 1.567 AUD||1 AUD = 0.638 EUR|
|Euro||Canadian Dollar||1 EUR = 1.378 CAD||1 CAD = 0.726 EUR|
|Euro||Swiss Franc||1 EUR = 1.680 CHF||1 CHF = 0.595 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.417 GBP||1 GBP = 2.396 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.939 AUD||1 AUD = 1.065 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.826 CAD||1 CAD = 1.211 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.007 CHF||1 CHF = 0.993 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.251 AUD||1 AUD = 0.444 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.979 CAD||1 CAD = 0.505 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.412 CHF||1 CHF = 0.415 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.878 CAD||1 CAD = 1.138 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.071 CHF||1 CHF = 0.934 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.219 CHF||1 CHF = 0.821 CAD|