Financial news on February 18, 2008

Business and Financial news
3 Internet Providers in Deal for Tailored Ads

Three Internet providers in Britain have teamed up with a company called Phorm, whose technology tracks Web users and sends them ads related to their interests. Read more..

By ERIC PFANNER - The New York Times

After China Ships Out iPhones, Smugglers Make It a Return Trip

The popularity of the iPhone is defying Apple’s attempt to slowly introduce it in new markets. Read more..

By DAVID BARBOZA - The New York Times

After Stumbling, Facebook Finds a Working Eraser

Facebook.com, stung last week by the wrath of members who want to sever their relationships, tripped again when it tried to let them do so. Read more..

By MARIA ASPAN - The New York Times

A Plan to Offer 50 Sites on Politics in 50 States

In the middle of a media-saturated political season, The New York Observer is pulling together 50 Web sites, one for each state, into a political hub called Politicker.com. Read more..

By BRIAN STELTER - The New York Times

A Start-Up Says It Can Predict Others’ Fate

Two former Oxford University students are getting attention in Silicon Valley for developing technology that automates aspects of the venture capital decision-making process. Read more..

By MATT RICHTEL - The New York Times

College Paper Vows to Fight a Takeover by Gannett

Inexpensive student labor, rising advertising, and young, relatively affluent readerships make college newspapers particularly attractive to media companies. Read more..

By CATE DOTY - The New York Times

Largest Recall of Ground Beef Is Ordered

A California meat company issued a recall of 143 million pounds of beef, some of which was used in school lunch programs. Read more..

By ANDREW MARTIN - The New York Times

News Isn’t Wasted on the Young

Can newscasts retain the college crowd beyond the elections? Read more..

By DAVID CARR - The New York Times

Scripts Reappear on ‘Daily Show’

The writers’ strike forced hosts like Jon Stewart and Stephen Colbert to improvise more than most viewers probably know. Read more..

By BRIAN STELTER - The New York Times

Tax Scandal in Germany Fans Complaints of Inequity

Hundreds of people, including several who are household names, are under investigation on suspicion that they evaded taxes by steering money to Liechtenstein. Read more..

By CARTER DOUGHERTY and MARK LANDLER - The New York Times

Exchange Rates of February 18, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.007 CAD1 CAD = 0.993 USD
US DollarSwiss Franc1 USD = 1.102 CHF1 CHF = 0.907 USD
US DollarChinese Yuan1 USD = 7.166 CNY1 CNY = 0.140 USD
EuroJapanese Yen1 EUR = 158.610 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.750 GBP1 GBP = 1.333 EUR
EuroAustralian Dollar1 EUR = 1.603 AUD1 AUD = 0.624 EUR
EuroCanadian Dollar1 EUR = 1.477 CAD1 CAD = 0.677 EUR
EuroSwiss Franc1 EUR = 1.615 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.473 GBP1 GBP = 2.115 JPY
Japanese YenAustralian Dollar1 JPY = 1.011 AUD1 AUD = 0.990 JPY
Japanese YenCanadian Dollar1 JPY = 0.931 CAD1 CAD = 1.075 JPY
Japanese YenSwiss Franc1 JPY = 1.018 CHF1 CHF = 0.982 JPY
Pound SterlingAustralian Dollar1 GBP = 2.137 AUD1 AUD = 0.468 GBP
Pound SterlingCanadian Dollar1 GBP = 1.968 CAD1 CAD = 0.508 GBP
Pound SterlingSwiss Franc1 GBP = 2.151 CHF1 CHF = 0.465 GBP
Australian DollarCanadian Dollar1 AUD = 0.920 CAD1 CAD = 1.087 AUD
Australian DollarSwiss Franc1 AUD = 1.006 CHF1 CHF = 0.994 AUD
Canadian DollarSwiss Franc1 CAD = 1.093 CHF1 CHF = 0.915 CAD

See what else happened on February 18, 2008