Financial news on April 13th, 2007

Business and Financial news
European Bank Hints at Rate Increase in June

Shrugging off the recent rise in the euro, the bank’s president said inflation would be monitored very closely — a phrase interpreted by financial markets to mean a rate increase in two months. Read more..

By MARK LANDLER - The New York Times

Nestlé Agrees to Buy Gerber From Novartis

The deal fits with Nestlé’s focus on wellness and Novartis’s strategy of selling its noncore businesses. Read more..

By ANDREW MARTIN and ANDREW ROSS SORKIN - The New York Times

Nielsen to Get Off Sofa, Into Bars and Gyms

The company will measure viewing habits using cellphone tracking devices that recognize the sound of TV. Read more..

By LOUISE STORY - The New York Times

Off the Air: The Light Goes Out for Don Imus

CBS yielded to pressure when it canceled “Imus in the Morning,” ending a program that had been broadcasting for more than 30 years. Read more..

By BILL CARTER and JACQUES STEINBERG - The New York Times

Paranoia and Bugging at Wal-Mart

It appears that the company grew paranoid about its critics, and created a security operation that went too far. Read more..

By FLOYD NORRIS - The New York Times

Report Says the Young Buy Violent Games and Movies

A Federal Trade Commission report found that online promotions and a proliferation of unrated DVDs have eroded the entertainment industry’s promise not to entice youth with violent fare. Read more..

By MICHAEL CIEPLY - The New York Times

Tax-Wary Investors May Be Finding the Limelight Too Bright

Venture capitalists face a question: Is private equity becoming too public for its own good? Read more..

By MATT RICHTEL - The New York Times

Toyota Promotes an American to Its Board

A management reshuffling would make James Press, the director of North American operations, the highest ranking non-Japanese in the company’s history. Read more..

By MARTIN FACKLER - The New York Times

World Business Briefing

ASIA. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.9226.9525.6426.6883.2M
MerckMRK49.4950.8049.2550.2146.7M
PfizerPFE26.8526.9826.6326.6744.2M
IntelINTC20.4120.4820.2520.4644M
MicrosoftMSFT28.4328.7028.1028.6136M
General ElectricGE35.5835.6035.2535.3835.6M
Oracle Corp.ORCL18.7918.8518.4618.6332.2M
AppleAAPL90.9091.4090.0690.2425.7M
AmgenAMGN58.1259.6258.0359.0321.3M
ExxonMobilXOM77.4877.6777.0877.4119M
AT&T Inc.T38.6039.0038.3838.8415.2M
Abbott LaboratoriesABT57.4458.6657.4358.4914.9M
ComcastCMCSA27.9728.3427.9028.1814.8M
Johnson & JohnsonJNJ62.1562.3861.8962.3514.5M
ConocoPhillipsCOP70.5070.7769.8370.5412.9M
Wal-Mart StoresWMT47.1947.4246.8347.4112.4M
Bristol-Myers SquibbBMY27.7128.4527.5828.3211.7M
Wells Fargo & Co.WFC34.5534.7434.1034.6311.4M
JPMorgan ChaseJPM49.1049.4548.6649.0911.3M
Home DepotHD37.9637.9937.7537.8910.8M
HP Inc.HPQ41.0141.3940.7341.1810.5M
McDonald'sMCD47.3547.9246.8747.649.53M
Verizon CommunicationsVZ37.7837.7837.1037.399.21M
Walt Disney & Co.DIS34.6734.8734.5134.729.09M
SchlumbergerSLB75.2076.2674.7776.008.48M
AltriaMO69.9070.3869.4569.567.98M
ChevronCVX77.2577.5076.6577.017.27M
UnitedHealth GroupUNH53.3553.3552.2052.956.95M
Coca-ColaKO50.2950.2949.4949.886.91M
Procter & GamblePG63.5263.5263.1463.386.55M
International Business MachinesIBM95.7595.7594.5994.936.03M
AlphabetGOOGL468.45468.77463.36466.295.58M
PepsicoPEP64.1264.5964.0064.404.95M
United TechnologiesUTX64.7465.0864.4165.053.63M
AmazonAMZN42.1942.5041.9342.413.61M
Gilead SciencesGILD79.2679.3577.8478.423.37M
BoeingBA91.1091.1090.1891.033.04M
3MMMM77.2577.2575.9176.722.45M
Union PacificUNP111.02111.18108.65109.781.59M
Berkshire HathawayBRK.B3660.003660.003652.003660.007.5K
Exchange Rates of April 13th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.230 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.138 CAD1 CAD = 0.879 USD
US DollarSwiss Franc1 USD = 1.215 CHF1 CHF = 0.823 USD
US DollarChinese Yuan1 USD = 7.722 CNY1 CNY = 0.130 USD
EuroJapanese Yen1 EUR = 161.250 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.681 GBP1 GBP = 1.468 EUR
EuroAustralian Dollar1 EUR = 1.623 AUD1 AUD = 0.616 EUR
EuroCanadian Dollar1 EUR = 1.539 CAD1 CAD = 0.650 EUR
EuroSwiss Franc1 EUR = 1.644 CHF1 CHF = 0.608 EUR
Japanese YenPound Sterling1 JPY = 0.422 GBP1 GBP = 2.369 JPY
Japanese YenAustralian Dollar1 JPY = 1.006 AUD1 AUD = 0.994 JPY
Japanese YenCanadian Dollar1 JPY = 0.954 CAD1 CAD = 1.048 JPY
Japanese YenSwiss Franc1 JPY = 1.019 CHF1 CHF = 0.982 JPY
Pound SterlingAustralian Dollar1 GBP = 2.383 AUD1 AUD = 0.420 GBP
Pound SterlingCanadian Dollar1 GBP = 2.260 CAD1 CAD = 0.443 GBP
Pound SterlingSwiss Franc1 GBP = 2.412 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.948 CAD1 CAD = 1.055 AUD
Australian DollarSwiss Franc1 AUD = 1.012 CHF1 CHF = 0.988 AUD
Canadian DollarSwiss Franc1 CAD = 1.067 CHF1 CHF = 0.937 CAD

See what else happened on April 13th, 2007