Financial news on July 13, 2007
Business and Financial news
As investors search for ways to diversify risk, hedge funds have expanded investments beyond stocks and bonds into art, wine, rare stamps and even soccer players. Read more..
After two days of watching boldface names from afar, David Carr sits down with Eric Schmidt of Google for a late night chat. Surprise: He thinks Viacom’s $1 billion copyright suit against Google is nonsense. Read more..
“Facebook? I really like the Facebook guys,” said Sergey Brin at the Sun Valley conference, pausing as if to consider what might be the right thing to say. “If they come to us, we’d certainly be open to talking. But I think they’re building a great company of their own.” Read more..
At the E3 game conference in Santa Monica this week, Nintendo continued to be in unaccustomed role of 800 pound gorilla. The popularity of its Wii platform prompted a price cut by Sony. And Microsoft was reeling after admitting that there were defects in many of its Xbox 360 systems. Reggie Fils-Aime, the president of […] Read more..
L’Oréal, the cosmetics maker, said second-quarter sales rose 10 percent on gains in Eastern Europe and Asia and a recovery in North America. Sales rose to 4.25 billion euros ($5.85 billion) from 3.85 billion euros a year earlier. L’Oréal, based in... Read more..
Google and Microsoft downplay the competition between each other — at least when it comes to software applications. Read more..
An acquaintance unfriends Saul Hansell on Facebook and asks him to meet on more neutral ground: LinkedIn. What is friendship in the modern world. Read more..
Aided by a weak dollar, China is quietly entering the European auto market in the first test of rich markets by Chinese automakers Read more..
Wall Street soared today, propelling the Standard & Poor’s 500 index and Dow Jones industrials to record highs. Read more..
An Alabama-based coal company is facing a civil suit over the 2001 murders of three Colombian union leaders who worked for one of the company’s mines. Read more..
Values are reported in US Dollars
|Procter & Gamble||PG||62.59||63.00||62.25||62.66||12M|
|Wells Fargo & Co.||WFC||35.34||35.61||35.29||35.54||9.72M|
|Johnson & Johnson||JNJ||63.47||63.60||63.01||63.43||9M|
|Walt Disney & Co.||DIS||34.10||34.57||34.00||34.37||8.21M|
|International Business Machines||IBM||108.75||109.20||108.10||108.60||7.12M|
Exchange Rates of July 13, 2007
|US Dollar||Japanese Yen||1 USD = 121.910 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.048 CAD||1 CAD = 0.955 USD|
|US Dollar||Swiss Franc||1 USD = 1.202 CHF||1 CHF = 0.832 USD|
|US Dollar||Chinese Yuan||1 USD = 7.570 CNY||1 CNY = 0.132 USD|
|Euro||Japanese Yen||1 EUR = 168.040 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.678 GBP||1 GBP = 1.476 EUR|
|Euro||Australian Dollar||1 EUR = 1.582 AUD||1 AUD = 0.632 EUR|
|Euro||Canadian Dollar||1 EUR = 1.444 CAD||1 CAD = 0.693 EUR|
|Euro||Swiss Franc||1 EUR = 1.657 CHF||1 CHF = 0.603 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.403 GBP||1 GBP = 2.482 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.941 AUD||1 AUD = 1.063 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.859 CAD||1 CAD = 1.164 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0.986 CHF||1 CHF = 1.014 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.335 AUD||1 AUD = 0.428 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.131 CAD||1 CAD = 0.469 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.446 CHF||1 CHF = 0.409 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.912 CAD||1 CAD = 1.096 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.047 CHF||1 CHF = 0.955 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.148 CHF||1 CHF = 0.871 CAD|