Financial news on August 16, 2007

Business and Financial news
2 Ratings Services Downgrade Nestlé

Nestlé, one of the world’s largest food companies, was stripped of its AAA rating yesterday by Fitch Ratings and Moody’s Investors Service after the company said it planned to repurchase almost $21 billion of stock. Read more..

By BLOOMBERG NEWS - The New York Times

Agilent Shares Drop on Forecast

The maker of scientific testing equipment cut its sales and profit forecasts due to slowing demand in Asia. Read more..

By BLOOMBERG NEWS - The New York Times

At Netflix, Victory for Voices Over Keystrokes

Shunning low-cost call centers and e-mail-based service, Netflix is hoping to use customer service as a strategic weapon against Blockbuster’s rival DVD-mailing service. Read more..

By KATIE HAFNER - The New York Times

Dow Drops 340 Points, Then Recovers Losses

Stocks staged a late rally today on Wall Street after a day of wild swings as investors weighed the impact of the crunch in the American credit market. Read more..

By JEREMY W. PETERS and WAYNE ARNOLD - The New York Times

More Jitters Over Credit; Markets Fall

The Dow Jones industrial average closed down 167.45 points after having stayed in positive territory for most of the day. Read more..

By VIKAS BAJAJ and JENNY ANDERSON - The New York Times

Skype’s Bad Day

The Internet phone service Skype suffers an outage and may stay down for a whole day. Read more..

By BRAD STONE - The New York Times

Sony v. Microsoft (With Helmets)

Some games are performing better on the Xbox 360 than on the PlayStation 3. Are developers having trouble mastering the PS3’s quirks? Read more..

By MATT RICHTEL - The New York Times

Sony v. Microsoft (With Helmets): The Sequel

Another explanation for the slow pace of video game releases for the Sony PlayStation 3. Read more..

By MATT RICHTEL - The New York Times

The Router’s Fine Print

Why does all the fine print on the newest, fastest network routers say “draft specification”? What does this mean if I want to buy a new router? Read more..

By J. D. BIERSDORFER - The New York Times

Tip of the Week: How to Make Your Own CD Covers

If you make your own party-mix CDs with iTunes, you can use the program’s print options to create a stylish song list for the jewel case. Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.23 23.59 22.09 23.10 118M
Cisco Systems CSCO 29.78 30.05 28.58 29.30 103M
Microsoft MSFT 27.88 28.35 27.51 27.81 81.4M
Apple AAPL 117.01 118.50 111.62 117.05 66.7M
Pfizer PFE 23.36 23.57 23.13 23.39 66.1M
General Electric GE 36.51 37.29 36.20 37.20 65.7M
JPMorgan Chase JPM 42.75 45.90 42.16 45.47 51.4M
ExxonMobil XOM 80.85 81.93 78.76 80.67 49.4M
Wells Fargo & Co. WFC 33.07 35.96 32.90 35.40 44.7M
Oracle Corp. ORCL 19.11 19.48 18.81 19.14 42.5M
AT&T Inc. T 37.60 38.24 36.53 37.92 38.6M
Home Depot HD 33.36 33.72 31.85 32.82 37.7M
Wal-Mart Stores WMT 43.05 43.95 42.92 43.50 36.3M
HP Inc. HPQ 46.24 46.31 43.64 46.05 35.6M
Comcast CMCSA 25.07 25.49 24.25 24.98 30.3M
ConocoPhillips COP 76.01 77.87 73.75 77.28 29.1M
Johnson & Johnson JNJ 60.80 61.93 60.73 61.63 24M
Verizon Communications VZ 40.25 40.58 39.27 40.23 23.6M
Procter & Gamble PG 62.53 64.79 62.53 64.03 22.6M
Merck MRK 49.60 49.97 48.11 49.46 20.3M
Chevron CVX 79.79 81.96 78.25 81.39 19.4M
Walt Disney & Co. DIS 31.35 32.63 31.25 32.58 19.4M
Amgen AMGN 49.49 50.01 48.54 49.41 17.4M
Abbott Laboratories ABT 52.25 52.42 50.78 51.86 17.4M
Alphabet GOOGL 492.02 496.43 480.46 491.52 17.3M
Schlumberger SLB 85.54 86.95 81.26 85.84 17.3M
Bristol-Myers Squibb BMY 27.59 28.20 26.87 27.37 17M
International Business Machines IBM 110.98 111.42 103.70 109.69 16.7M
Altria MO 65.75 66.36 64.72 66.36 16.6M
Boeing BA 95.20 95.20 90.08 92.74 14.7M
Coca-Cola KO 53.50 54.29 52.83 53.58 14.5M
McDonald's MCD 46.85 48.35 46.64 48.07 10.9M
Amazon AMZN 72.00 73.24 70.05 72.79 10.8M
Gilead Sciences GILD 37.40 38.85 37.04 37.60 10.4M
Pepsico PEP 66.51 68.57 66.50 68.37 9.7M
UnitedHealth Group UNH 48.60 49.13 47.97 48.86 9.66M
United Technologies UTX 70.59 71.40 69.00 71.08 9.44M
Union Pacific UNP 106.51 107.27 99.38 105.00 8.16M
3M MMM 83.21 86.28 83.21 85.40 6.72M
Berkshire Hathaway BRK.B 3669.00 3797.00 3665.00 3791.50 43.5K
Exchange Rates of August 16, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 113.870 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.076 CAD 1 CAD = 0.929 USD
US Dollar Swiss Franc 1 USD = 1.216 CHF 1 CHF = 0.822 USD
US Dollar Chinese Yuan 1 USD = 7.603 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 152.910 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.677 GBP 1 GBP = 1.477 EUR
Euro Australian Dollar 1 EUR = 1.697 AUD 1 AUD = 0.589 EUR
Euro Canadian Dollar 1 EUR = 1.445 CAD 1 CAD = 0.692 EUR
Euro Swiss Franc 1 EUR = 1.633 CHF 1 CHF = 0.612 EUR
Japanese Yen Pound Sterling 1 JPY = 0.443 GBP 1 GBP = 2.259 JPY
Japanese Yen Australian Dollar 1 JPY = 1.109 AUD 1 AUD = 0.902 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.945 CAD 1 CAD = 1.059 JPY
Japanese Yen Swiss Franc 1 JPY = 1.068 CHF 1 CHF = 0.936 JPY
Pound Sterling Australian Dollar 1 GBP = 2.506 AUD 1 AUD = 0.399 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.134 CAD 1 CAD = 0.469 GBP
Pound Sterling Swiss Franc 1 GBP = 2.411 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.851 CAD 1 CAD = 1.175 AUD
Australian Dollar Swiss Franc 1 AUD = 0.962 CHF 1 CHF = 1.040 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.130 CHF 1 CHF = 0.885 CAD

See what else happened on August 16, 2007