Financial news on July 17th, 2007

Business and Financial news
Clothes Shopping in Port au Prince, Unexpectedly

With a soapy hand, I fumbled around for my cellphone in the dark, pushing a random key so the display screen would light the concrete walls of the tiny bathroom in Cherident, Haiti. Read more..

By SCOTT SABIN - The New York Times

Ford Celebrates Its Growth and Success in Russia

Ford’s fortunes may be less than glittering elsewhere, but in Russia — Europe’s fastest-growing car market — there is reason to celebrate. Read more..

By ANDREW E. KRAMER - The New York Times

Group Raises Cash Bid for ABN Amro

A consortium of banks led by the Royal Bank of Scotland increased the cash portion of its bid for ABN Amro to 93 percent from 79 percent. Read more..

By JAMES KANTER - The New York Times

In Battle of Consoles, Nintendo Gains Allies

Momentum is building for the Wii from Nintendo among its crucial allies: game developers and publishers. Read more..

By MATT RICHTEL and ERIC A. TAUB - The New York Times

India’s Automakers Face Big Hurdles in Pursuing Global Ambitions

Indian automakers are plagued by a shortage of skilled workers, inferior product quality and deficient highway infrastructure, among other challenges. Read more..

By NICK BUNKLEY - The New York Times

Jerry Yang’s Ecosystem: A Fertile Climate for Buzzwords

Jerry Yang promised to “win” in his first conference call with investors Tuesday. But he didn’t say what game he thinks Yahoo is playing. Read more..

By SAUL HANSELL - The New York Times

Lawsuit Says Teachers Are Overcharged on Annuities

The suit, filed against the National Education Association, reflects heightened concern among retirement plan participants that excessive fees are diminishing their savings and enriching financial services firms. Read more..


Microsoft Game Chief Moves to Electronic Arts

After overseeing the rising fortunes of the Xbox 360 game console, Peter Moore will run the sports division of the leading game publisher. Read more..

By SETH SCHIESEL - The New York Times

Stop Guessing About a Facebook Acquisition

Mark Zuckerberg has no reason to sell Facebook now. Read more..

By SAUL HANSELL - The New York Times

Toshiba Gains Ground in PCs

Toshiba is gaining momentum in the notebook computer market in the United States. Current Analysis West, a market analysis firm, says the Japanese electronics company sold 17.8 percent of all PCs, desktops and notebooks sold through retail outlets, in the second quarter. That’s up from 15 percent a year ago. Market leader Hewlett-Packard lost some […] Read more..

By DAMON DARLIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE40.1240.9540.0040.7158.1M
Cisco SystemsCSCO29.8529.9829.6029.7337.5M
Johnson & JohnsonJNJ62.8863.5262.2862.7427.6M
Oracle Corp.ORCL20.2520.4720.2120.3821.8M
AT&T Inc.T40.0440.1839.7839.8419.8M
JPMorgan ChaseJPM49.9550.4849.8349.9218.3M
Verizon CommunicationsVZ42.6642.7542.0942.2616.1M
Wells Fargo & Co.WFC35.8035.9835.4035.5915.4M
Wal-Mart StoresWMT48.7648.8848.3048.3514.1M
Home DepotHD40.4740.5840.1040.1513.9M
Procter & GamblePG63.0463.4662.6862.6813.8M
Abbott LaboratoriesABT53.5053.6753.1553.3912.3M
HP Inc.HPQ47.4447.8847.0247.5111.9M
Walt Disney & Co.DIS34.4434.8734.3534.6811.4M
United TechnologiesUTX77.5577.8276.6976.848.75M
Gilead SciencesGILD39.7139.7839.0339.238.1M
International Business MachinesIBM109.66111.47109.45110.777.62M
Bristol-Myers SquibbBMY32.0232.2931.8532.146.43M
UnitedHealth GroupUNH52.6653.4252.5953.005.69M
Union PacificUNP122.18124.99121.81123.902.89M
Berkshire HathawayBRK.B3654.003669.003641.003663.006.2K
Exchange Rates of July 17th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 122.320 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.044 CAD1 CAD = 0.958 USD
US DollarSwiss Franc1 USD = 1.203 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 7.562 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 168.580 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.673 GBP1 GBP = 1.485 EUR
EuroAustralian Dollar1 EUR = 1.579 AUD1 AUD = 0.633 EUR
EuroCanadian Dollar1 EUR = 1.438 CAD1 CAD = 0.695 EUR
EuroSwiss Franc1 EUR = 1.658 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.399 GBP1 GBP = 2.506 JPY
Japanese YenAustralian Dollar1 JPY = 0.936 AUD1 AUD = 1.068 JPY
Japanese YenCanadian Dollar1 JPY = 0.853 CAD1 CAD = 1.173 JPY
Japanese YenSwiss Franc1 JPY = 0.983 CHF1 CHF = 1.017 JPY
Pound SterlingAustralian Dollar1 GBP = 2.345 AUD1 AUD = 0.426 GBP
Pound SterlingCanadian Dollar1 GBP = 2.136 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.462 CHF1 CHF = 0.406 GBP
Australian DollarCanadian Dollar1 AUD = 0.910 CAD1 CAD = 1.099 AUD
Australian DollarSwiss Franc1 AUD = 1.049 CHF1 CHF = 0.953 AUD
Canadian DollarSwiss Franc1 CAD = 1.152 CHF1 CHF = 0.868 CAD

See what else happened on July 17th, 2007