Financial news on April 13, 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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 25.92 26.95 25.64 26.68 83.2M
Merck MRK 49.49 50.80 49.25 50.21 46.7M
Pfizer PFE 26.85 26.98 26.63 26.67 44.2M
Intel INTC 20.41 20.48 20.25 20.46 44M
Microsoft MSFT 28.43 28.70 28.10 28.61 36M
General Electric GE 35.58 35.60 35.25 35.38 35.6M
Oracle Corp. ORCL 18.79 18.85 18.46 18.63 32.2M
Apple AAPL 90.90 91.40 90.06 90.24 25.7M
Amgen AMGN 58.12 59.62 58.03 59.03 21.3M
ExxonMobil XOM 77.48 77.67 77.08 77.41 19M
AT&T Inc. T 38.60 39.00 38.38 38.84 15.2M
Abbott Laboratories ABT 57.44 58.66 57.43 58.49 14.9M
Comcast CMCSA 27.97 28.34 27.90 28.18 14.8M
Johnson & Johnson JNJ 62.15 62.38 61.89 62.35 14.5M
ConocoPhillips COP 70.50 70.77 69.83 70.54 12.9M
Wal-Mart Stores WMT 47.19 47.42 46.83 47.41 12.4M
Bristol-Myers Squibb BMY 27.71 28.45 27.58 28.32 11.7M
Wells Fargo & Co. WFC 34.55 34.74 34.10 34.63 11.4M
JPMorgan Chase JPM 49.10 49.45 48.66 49.09 11.3M
Home Depot HD 37.96 37.99 37.75 37.89 10.8M
HP Inc. HPQ 41.01 41.39 40.73 41.18 10.5M
McDonald's MCD 47.35 47.92 46.87 47.64 9.53M
Verizon Communications VZ 37.78 37.78 37.10 37.39 9.21M
Walt Disney & Co. DIS 34.67 34.87 34.51 34.72 9.09M
Schlumberger SLB 75.20 76.26 74.77 76.00 8.48M
Altria MO 69.90 70.38 69.45 69.56 7.98M
Chevron CVX 77.25 77.50 76.65 77.01 7.27M
UnitedHealth Group UNH 53.35 53.35 52.20 52.95 6.95M
Coca-Cola KO 50.29 50.29 49.49 49.88 6.91M
Procter & Gamble PG 63.52 63.52 63.14 63.38 6.55M
International Business Machines IBM 95.75 95.75 94.59 94.93 6.03M
Alphabet GOOGL 468.45 468.77 463.36 466.29 5.58M
Pepsico PEP 64.12 64.59 64.00 64.40 4.95M
United Technologies UTX 64.74 65.08 64.41 65.05 3.63M
Amazon AMZN 42.19 42.50 41.93 42.41 3.61M
Gilead Sciences GILD 79.26 79.35 77.84 78.42 3.37M
Boeing BA 91.10 91.10 90.18 91.03 3.04M
3M MMM 77.25 77.25 75.91 76.72 2.45M
Union Pacific UNP 111.02 111.18 108.65 109.78 1.59M
Berkshire Hathaway BRK.B 3660.00 3660.00 3652.00 3660.00 7.5K
Exchange Rates of April 13, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.230 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.138 CAD 1 CAD = 0.879 USD
US Dollar Swiss Franc 1 USD = 1.215 CHF 1 CHF = 0.823 USD
US Dollar Chinese Yuan 1 USD = 7.722 CNY 1 CNY = 0.130 USD
Euro Japanese Yen 1 EUR = 161.250 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.468 EUR
Euro Australian Dollar 1 EUR = 1.623 AUD 1 AUD = 0.616 EUR
Euro Canadian Dollar 1 EUR = 1.539 CAD 1 CAD = 0.650 EUR
Euro Swiss Franc 1 EUR = 1.644 CHF 1 CHF = 0.608 EUR
Japanese Yen Pound Sterling 1 JPY = 0.422 GBP 1 GBP = 2.369 JPY
Japanese Yen Australian Dollar 1 JPY = 1.006 AUD 1 AUD = 0.994 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.954 CAD 1 CAD = 1.048 JPY
Japanese Yen Swiss Franc 1 JPY = 1.019 CHF 1 CHF = 0.982 JPY
Pound Sterling Australian Dollar 1 GBP = 2.383 AUD 1 AUD = 0.420 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.260 CAD 1 CAD = 0.443 GBP
Pound Sterling Swiss Franc 1 GBP = 2.412 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.948 CAD 1 CAD = 1.055 AUD
Australian Dollar Swiss Franc 1 AUD = 1.012 CHF 1 CHF = 0.988 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.067 CHF 1 CHF = 0.937 CAD

See what else happened on April 13, 2007