Financial news on May 17th, 2007

Business and Financial news
Amazon to Sell Music Without Copy Protection

The online store, to be introduced later this year, will allow people to play music on almost any personal device. Read more..

By BRAD STONE - The New York Times

Chrysler Sale Unavoidable, Chief Says

The chief executive of DaimlerChrysler argued that Cerberus offers the “best possible future setup” for his company. Read more..

By MARK LANDLER - The New York Times

Computer Sales Lead H.P. to Strong Revenue

Led by surging computer sales, Hewlett-Packard reported a 12.8 percent increase today in its quarterly revenues. Read more..

By DAMON DARLIN - The New York Times

G.M. May Sell a Unit

General Motors may sell its midsize truck business as it focuses on making profits from cars and light trucks. Read more..

By BLOOMBERG NEWS - The New York Times

Internet Meets Large Screen

The long-predicted convergence of the Internet and the broadcast world is accelerating, but finding the right hardware to make the leap from the PC to the living room still requires some thought. Read more..

By PETER WAYNER - The New York Times

Myer Shark, Lawyer Who Fought Utility, Is Dead at 94

Mr. Shark sought to recover $300 million of taxes that electric customers paid but that the government never received. Read more..

By DAVID CAY JOHNSTON - The New York Times

Paying More for a Printer, but Less for Ink

It’s war in the world of inkjet printers and cartridges as Kodak gets into the business. Read more..

By DAVID POGUE - The New York Times

Pros and Cons of Web-Based Mail

I know there are advantages with Outlook and other programs, but is it really worth the hassle of managing mail on the local machine? Read more..

By J. D. BIERSDORFER - The New York Times

Share Your World With the World by Pressing a Button

Pure Digital Technologies has modified its low-cost Flip Video camcorder by adding one-button instant uploading to video-sharing Web sites. Read more..

By ROY FURCHGOTT - The New York Times

Sony Expects Recovery After Big Quarterly Loss

Sony hopes strong TV sales and films like “Spider-Man 3” will help its earnings by the end of the year. Read more..

By MARTIN FACKLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,3026,6226,2526,2837.1M
General ElectricGE36,7536,8336,4536,5324.4M
HP Inc.HPQ45,3645,6144,4144,8722.9M
AT&T Inc.T41,1241,4940,9541,2622.7M
Oracle Corp.ORCL18,8619,1118,8119,0521.1M
Verizon CommunicationsVZ42,6142,7042,1042,1413.7M
Wal-Mart StoresWMT47,4747,4747,0247,1112.6M
Johnson & JohnsonJNJ63,0063,1062,5362,7412.4M
Procter & GamblePG63,0563,5962,7663,3710.1M
Wells Fargo & Co.WFC36,0536,3036,0036,249.46M
Home DepotHD38,1738,5938,1538,309.09M
JPMorgan ChaseJPM52,7853,0052,5052,569.05M
International Business MachinesIBM105,61106,23104,73105,317.71M
Walt Disney & Co.DIS36,0036,2335,7935,996.85M
Abbott LaboratoriesABT59,0059,0658,5458,906.4M
Bristol-Myers SquibbBMY30,0730,2529,9530,216.33M
UnitedHealth GroupUNH53,5754,0053,2453,654.84M
United TechnologiesUTX68,5269,5668,3769,374.24M
Gilead SciencesGILD83,9884,4582,8382,933.29M
Union PacificUNP119,00121,08118,78120,812.89M
Berkshire HathawayBRK.B3635,003635,003611,003613,0012.9K
Exchange Rates of May 17th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121,290 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,100 CAD1 CAD = 0,909 USD
US DollarSwiss Franc1 USD = 1,227 CHF1 CHF = 0,815 USD
US DollarChinese Yuan1 USD = 7,671 CNY1 CNY = 0,130 USD
EuroJapanese Yen1 EUR = 163,680 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,683 GBP1 GBP = 1,464 EUR
EuroAustralian Dollar1 EUR = 1,638 AUD1 AUD = 0,611 EUR
EuroCanadian Dollar1 EUR = 1,484 CAD1 CAD = 0,674 EUR
EuroSwiss Franc1 EUR = 1,656 CHF1 CHF = 0,604 EUR
Japanese YenPound Sterling1 JPY = 0,417 GBP1 GBP = 2,397 JPY
Japanese YenAustralian Dollar1 JPY = 1,000 AUD1 AUD = 1,000 JPY
Japanese YenCanadian Dollar1 JPY = 0,906 CAD1 CAD = 1,104 JPY
Japanese YenSwiss Franc1 JPY = 1,011 CHF1 CHF = 0,989 JPY
Pound SterlingAustralian Dollar1 GBP = 2,398 AUD1 AUD = 0,417 GBP
Pound SterlingCanadian Dollar1 GBP = 2,172 CAD1 CAD = 0,460 GBP
Pound SterlingSwiss Franc1 GBP = 2,423 CHF1 CHF = 0,413 GBP
Australian DollarCanadian Dollar1 AUD = 0,905 CAD1 CAD = 1,105 AUD
Australian DollarSwiss Franc1 AUD = 1,010 CHF1 CHF = 0,990 AUD
Canadian DollarSwiss Franc1 CAD = 1,116 CHF1 CHF = 0,896 CAD

See what else happened on May 17th, 2007