Financial news on July 18th, 2007

Business and Financial news
2nd Medtronic Neck Disk Wins Panel Approval

Analysts said Medtronic now has a commanding head start in the race to move artificial disk technology from the lower to the upper spine. Read more..

By BARNABY J. FEDER - The New York Times

3 Nonprofit Groups Get a Manhattan Deal: $1 a Year

The Battery Park City Authority has selected a handful of nonprofit groups to receive leases with the same favorable terms — $1 a year rent until 2069. Read more..

By J. ALEX TARQUINIO - The New York Times

A Smarter Way to Fetch E-Mail

Mail Fetcher offers you the chance to have outgoing messages stamped with your regular e-mail address. Read more..

By DAVID POGUE - The New York Times

Dow Falls Short of 14,000 at Close

The Dow Jones industrial average climbed above 14,000 for the first time today before giving up much of its gains late in the trading session. Read more..

By VIKAS BAJAJ - The New York Times

I.B.M. Showing That Giants Can Be Nimble

I.B.M. has been reorganized from a classic multinational company to a more seamless global enterprise. Read more..

By STEVE LOHR - The New York Times

Oil Industry Offers Sobering Outlook on Supply

A report by the National Petroleum Council, billed as a comprehensive analysis of the world’s energy challenge, involved 350 participants and suggestions from over 1,000 people. Read more..

By JAD MOUAWAD - The New York Times

S.E.C. Chief Seeks New Clout for Board Overseeing States

Christopher Cox will call for the passage of several measures intended to bolster the powers of the board that oversees financial disclosures by state and local governments. Read more..


Tip of the Week: iPhone Widgets

The iPhone may not have a lot of built-in programs, but developers have made dozens of Web-based applications that run right in the phone’s mini-Safari browser. Read more..

By J. D. BIERSDORFER - The New York Times

Web Site for Job Seekers Is Sold

The Jupitermedia Corporation, an Internet research company that also sells photos and art, agreed to pay $23 million for Read more..

By ANGEL JENNINGS - The New York Times

Yahoo Profits Steady; Revenue Up 8%

Yahoo said its net income for the second quarter was $161 million, or 11 cents a share, almost unchanged from the same period a year ago, as revenues rose to $1.7 billion. Read more..

By MIGUEL HELFT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE40.3240.7839.9340.4549.8M
Cisco SystemsCSCO29.4529.5528.8829.4448M
JPMorgan ChaseJPM48.8149.2947.8348.8835.5M
Oracle Corp.ORCL20.2020.4220.1620.4130.7M
Abbott LaboratoriesABT54.0054.9753.5653.7021.7M
Wells Fargo & Co.WFC35.4535.4934.9935.3919.8M
Wal-Mart StoresWMT48.4348.7447.9648.0419.6M
AT&T Inc.T39.8439.9839.2739.6318.3M
Home DepotHD40.0240.4339.6940.0417.4M
Johnson & JohnsonJNJ62.5162.9062.0262.2016.9M
Verizon CommunicationsVZ42.1642.3141.6041.9712.7M
Procter & GamblePG62.4062.9862.0262.5911.1M
Walt Disney & Co.DIS34.5634.7834.1934.6010.3M
International Business MachinesIBM110.25111.88110.04111.0810.2M
HP Inc.HPQ47.1447.5546.6247.1410.1M
Bristol-Myers SquibbBMY32.1632.3531.7532.059.71M
Gilead SciencesGILD39.1339.5738.9339.349.5M
UnitedHealth GroupUNH54.0154.1053.1453.589M
United TechnologiesUTX76.0076.2074.8575.568.72M
Union PacificUNP126.00129.36125.59125.915.79M
Berkshire HathawayBRK.B3660.003667.003643.003649.0015K
Exchange Rates of July 18th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.940 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.044 CAD1 CAD = 0.958 USD
US DollarSwiss Franc1 USD = 1.201 CHF1 CHF = 0.833 USD
US DollarChinese Yuan1 USD = 7.566 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 168.330 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.488 EUR
EuroAustralian Dollar1 EUR = 1.572 AUD1 AUD = 0.636 EUR
EuroCanadian Dollar1 EUR = 1.440 CAD1 CAD = 0.694 EUR
EuroSwiss Franc1 EUR = 1.657 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.399 GBP1 GBP = 2.506 JPY
Japanese YenAustralian Dollar1 JPY = 0.933 AUD1 AUD = 1.071 JPY
Japanese YenCanadian Dollar1 JPY = 0.855 CAD1 CAD = 1.169 JPY
Japanese YenSwiss Franc1 JPY = 0.984 CHF1 CHF = 1.016 JPY
Pound SterlingAustralian Dollar1 GBP = 2.338 AUD1 AUD = 0.428 GBP
Pound SterlingCanadian Dollar1 GBP = 2.142 CAD1 CAD = 0.467 GBP
Pound SterlingSwiss Franc1 GBP = 2.465 CHF1 CHF = 0.406 GBP
Australian DollarCanadian Dollar1 AUD = 0.916 CAD1 CAD = 1.092 AUD
Australian DollarSwiss Franc1 AUD = 1.054 CHF1 CHF = 0.949 AUD
Canadian DollarSwiss Franc1 CAD = 1.150 CHF1 CHF = 0.869 CAD

See what else happened on July 18th, 2007