Financial news on May 16th, 2007

Business and Financial news
A Home That Heats and Cools Itself

An interview with Michael Sykes, inventor of the Enertia house. Read more..

By DAVID POGUE - The New York Times

Art Dealers Scramble for Space in Chelsea

The art market is red-hot and many prominent New York dealers are in desperate need of more gallery space. Read more..

By J. ALEX TARQUINIO - The New York Times

Auto Union Leader Finds Comfort Level

Ron Gettelfinger is striking a fine balance between the needs of automakers and his union, the United Automobile Workers. Read more..


Inflation Tame Despite Rising Gas Cost

Consumer prices rose 0.4 percent in April, while the core rate, which excludes food and gas, rose only 0.2 percent. Read more..

By JEREMY W. PETERS - The New York Times

MySpace Gives Details of Its Plan to Reveal Known Sex Offenders

The online social network will work with state attorneys general who have requested the identities of members who are known sex offenders. Read more..

By LOUISE STORY - The New York Times

Nigerian Oil Production Falls After a Pipeline Hub Is Overrun

Young protesters overran an oil pipeline hub in the volatile Niger Delta, cutting Nigeria’s oil production by about 30 percent. Read more..

By LYDIA POLGREEN - The New York Times

Now Departing: Airline Careers

Many of the airline industry’s longtime workers have begun to look elsewhere to revive their interest in going to work. Read more..

By JEFF BAILEY - The New York Times

Reuters Trustees Say Sale Won’t Hurt Journalism

Some Reuters employees fear that the merger with Thomson could undermine the quality of the company’s journalism. Read more..

By ERIC PFANNER - The New York Times

Robert S. Oelman, 97, Chief Who Led NCR to Automation, Dies

Robert S. Oelman was chief executive of the NCR Corporation for 17 years and moved in the circles of leaders of business, politics and golf. Read more..

By MILT FREUDENHEIM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.3026.4926.1326.4838.7M
AT&T Inc.T40.4141.2240.3941.1436.3M
General ElectricGE36.7236.8936.5236.8326.3M
Oracle Corp.ORCL18.8618.9918.6518.9924.5M
HP Inc.HPQ45.1945.2344.3145.2118.7M
Johnson & JohnsonJNJ62.7863.3762.4163.0517.2M
Wal-Mart StoresWMT47.4947.7446.9847.1816.5M
Procter & GamblePG62.3063.6162.1163.3215.8M
Verizon CommunicationsVZ42.5542.8742.5042.7414.3M
Home DepotHD38.1538.5838.0038.3714M
Wells Fargo & Co.WFC35.6736.2335.4336.2213.8M
JPMorgan ChaseJPM52.3753.0752.2052.9812.9M
Abbott LaboratoriesABT59.0059.3358.5859.099.47M
Bristol-Myers SquibbBMY30.2630.4329.9930.088.78M
Walt Disney & Co.DIS36.1336.1835.7836.018.48M
UnitedHealth GroupUNH52.8553.8252.5953.806.85M
International Business MachinesIBM105.10105.89104.53105.875.61M
Gilead SciencesGILD82.3383.9981.9183.994.55M
United TechnologiesUTX68.5268.9867.9668.483.28M
Union PacificUNP118.99119.80117.99119.392.54M
Berkshire HathawayBRK.B3635.003648.003622.003630.0013.8K
Exchange Rates of May 16th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.800 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.105 CAD1 CAD = 0.905 USD
US DollarSwiss Franc1 USD = 1.224 CHF1 CHF = 0.817 USD
US DollarChinese Yuan1 USD = 7.682 CNY1 CNY = 0.130 USD
EuroJapanese Yen1 EUR = 163.260 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.684 GBP1 GBP = 1.463 EUR
EuroAustralian Dollar1 EUR = 1.639 AUD1 AUD = 0.610 EUR
EuroCanadian Dollar1 EUR = 1.492 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.653 CHF1 CHF = 0.605 EUR
Japanese YenPound Sterling1 JPY = 0.418 GBP1 GBP = 2.390 JPY
Japanese YenAustralian Dollar1 JPY = 1.003 AUD1 AUD = 0.997 JPY
Japanese YenCanadian Dollar1 JPY = 0.914 CAD1 CAD = 1.094 JPY
Japanese YenSwiss Franc1 JPY = 1.013 CHF1 CHF = 0.988 JPY
Pound SterlingAustralian Dollar1 GBP = 2.398 AUD1 AUD = 0.417 GBP
Pound SterlingCanadian Dollar1 GBP = 2.183 CAD1 CAD = 0.458 GBP
Pound SterlingSwiss Franc1 GBP = 2.418 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.910 CAD1 CAD = 1.099 AUD
Australian DollarSwiss Franc1 AUD = 1.008 CHF1 CHF = 0.992 AUD
Canadian DollarSwiss Franc1 CAD = 1.108 CHF1 CHF = 0.903 CAD

See what else happened on May 16th, 2007