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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23,2323,5922,0923,10118M
Cisco SystemsCSCO29,7830,0528,5829,30103M
MicrosoftMSFT27,8828,3527,5127,8181.4M
AppleAAPL117,01118,50111,62117,0566.7M
PfizerPFE23,3623,5723,1323,3966.1M
General ElectricGE36,5137,2936,2037,2065.7M
JPMorgan ChaseJPM42,7545,9042,1645,4751.4M
ExxonMobilXOM80,8581,9378,7680,6749.4M
Wells Fargo & Co.WFC33,0735,9632,9035,4044.7M
Oracle Corp.ORCL19,1119,4818,8119,1442.5M
AT&T Inc.T37,6038,2436,5337,9238.6M
Home DepotHD33,3633,7231,8532,8237.7M
Wal-Mart StoresWMT43,0543,9542,9243,5036.3M
HP Inc.HPQ46,2446,3143,6446,0535.6M
ComcastCMCSA25,0725,4924,2524,9830.3M
ConocoPhillipsCOP76,0177,8773,7577,2829.1M
Johnson & JohnsonJNJ60,8061,9360,7361,6324M
Verizon CommunicationsVZ40,2540,5839,2740,2323.6M
Procter & GamblePG62,5364,7962,5364,0322.6M
MerckMRK49,6049,9748,1149,4620.3M
ChevronCVX79,7981,9678,2581,3919.4M
Walt Disney & Co.DIS31,3532,6331,2532,5819.4M
AmgenAMGN49,4950,0148,5449,4117.4M
Abbott LaboratoriesABT52,2552,4250,7851,8617.4M
AlphabetGOOGL492,02496,43480,46491,5217.3M
SchlumbergerSLB85,5486,9581,2685,8417.3M
Bristol-Myers SquibbBMY27,5928,2026,8727,3717M
International Business MachinesIBM110,98111,42103,70109,6916.7M
AltriaMO65,7566,3664,7266,3616.6M
BoeingBA95,2095,2090,0892,7414.7M
Coca-ColaKO53,5054,2952,8353,5814.5M
McDonald'sMCD46,8548,3546,6448,0710.9M
AmazonAMZN72,0073,2470,0572,7910.8M
Gilead SciencesGILD37,4038,8537,0437,6010.4M
PepsicoPEP66,5168,5766,5068,379.7M
UnitedHealth GroupUNH48,6049,1347,9748,869.66M
United TechnologiesUTX70,5971,4069,0071,089.44M
Union PacificUNP106,51107,2799,38105,008.16M
3MMMM83,2186,2883,2185,406.72M
Berkshire HathawayBRK.B3669,003797,003665,003791,5043.5K
Exchange Rates of August 16, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113,870 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,076 CAD1 CAD = 0,929 USD
US DollarSwiss Franc1 USD = 1,216 CHF1 CHF = 0,822 USD
US DollarChinese Yuan1 USD = 7,603 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 152,910 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,677 GBP1 GBP = 1,477 EUR
EuroAustralian Dollar1 EUR = 1,697 AUD1 AUD = 0,589 EUR
EuroCanadian Dollar1 EUR = 1,445 CAD1 CAD = 0,692 EUR
EuroSwiss Franc1 EUR = 1,633 CHF1 CHF = 0,612 EUR
Japanese YenPound Sterling1 JPY = 0,443 GBP1 GBP = 2,259 JPY
Japanese YenAustralian Dollar1 JPY = 1,109 AUD1 AUD = 0,902 JPY
Japanese YenCanadian Dollar1 JPY = 0,945 CAD1 CAD = 1,059 JPY
Japanese YenSwiss Franc1 JPY = 1,068 CHF1 CHF = 0,936 JPY
Pound SterlingAustralian Dollar1 GBP = 2,506 AUD1 AUD = 0,399 GBP
Pound SterlingCanadian Dollar1 GBP = 2,134 CAD1 CAD = 0,469 GBP
Pound SterlingSwiss Franc1 GBP = 2,411 CHF1 CHF = 0,415 GBP
Australian DollarCanadian Dollar1 AUD = 0,851 CAD1 CAD = 1,175 AUD
Australian DollarSwiss Franc1 AUD = 0,962 CHF1 CHF = 1,040 AUD
Canadian DollarSwiss Franc1 CAD = 1,130 CHF1 CHF = 0,885 CAD

See what else happened on August 16, 2007