Financial news on July 20, 2007

Business and Financial news
Co-Founder of Southwest Airlines to Retire as Chairman Next Year

Herb Kelleher, one of the Southwest’s founders, will step down in May. A replacement has not yet been named. Read more..

By JEFF BAILEY - The New York Times

Does Google’s Money Talk?

Google says it will bid $4.6 billion for wireless spectrum…if the government imposes rules to make the wireless network open over the wishes of the telephone companies. Read more..

By SAUL HANSELL - The New York Times

Dow Caps a 4-Month Surge, Closing Above 14,000

Driven by corporate buyouts, strong profit reports and stock buybacks, the market closed at a record high. Read more..

By VIKAS BAJAJ - The New York Times

Dow Industrials Close Above 14,000

The record finish capped a four-month rally driven by corporate buyouts, strong profits and stock buybacks. Read more..

By VIKAS BAJAJ - The New York Times

Google Earnings Up 28% but Miss Expectations

The search giant’s shares declined sharply in after-hours trading despite its 58 percent increase in quarterly revenues. Read more..

By MIGUEL HELFT - The New York Times

Harley Profit Is Up 19% on Overseas Sales

Overseas sales helped push profits at Harley-Davidson up 19 percent in the second quarter, but shares fell due to a slump in domestic sales. Read more..

By BLOOMBERG NEWS - The New York Times

Market Shock: AAA Rating May Be Junk

The question is whether the market can continue rising as investors learn that the financial innovations that helped to build the boom were constructed on sand. Read more..

By FLOYD NORRIS - The New York Times

Microsoft’s Profit Rises Despite Xbox Charge

Microsoft said it eked out a gain in net profit despite taking a $1 billion charge to pay for repairs to its Xbox 360 game consoles. Read more..

By LAURIE J. FLYNN - The New York Times

More From Ooma

Andrew Frame, chief executive of Ooma Andrew Frame, the chief executive of Ooma, has answered the second batch of questions from Bits readers on his new telephony start-up. Axe: And what about privacy? If my phone call goes through another user’s PC and to his phone line, which guarantee do I have that he won’t […] Read more..

By SAUL HANSELL - The New York Times

Wyeth Raises Forecast as Profit Jumps

Profits at the drugmaker increased 13 percent in the second quarter on higher sales of its arthritis drug and pneumonia vaccine. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31.15 31.20 30.79 31.16 98.3M
Intel INTC 25.28 25.30 24.48 24.55 95.6M
General Electric GE 40.44 40.82 40.00 40.12 49.3M
Pfizer PFE 25.07 25.14 24.88 24.90 48.3M
Cisco Systems CSCO 29.94 29.94 29.40 29.59 45.8M
Oracle Corp. ORCL 20.89 20.94 20.38 20.61 44M
Apple AAPL 141.65 144.18 140.00 143.75 41.7M
Alphabet GOOGL 511.90 523.18 509.50 520.12 35.5M
ExxonMobil XOM 92.01 93.09 91.27 91.94 30.8M
JPMorgan Chase JPM 48.81 48.81 47.38 47.56 30.7M
AT&T Inc. T 39.55 39.70 38.96 39.06 27.1M
Wells Fargo & Co. WFC 35.18 35.66 34.65 34.72 21.4M
Comcast CMCSA 29.04 29.04 28.51 28.59 20.4M
Wal-Mart Stores WMT 48.50 48.87 47.92 48.06 19M
Gilead Sciences GILD 40.02 40.06 37.96 38.75 18.2M
Schlumberger SLB 95.46 97.68 94.89 96.68 18.2M
Home Depot HD 39.50 39.87 39.34 39.39 17.9M
Abbott Laboratories ABT 54.30 54.47 52.70 52.87 15.7M
ConocoPhillips COP 87.10 87.18 85.63 86.30 15.4M
Verizon Communications VZ 41.60 42.50 41.60 42.28 15.2M
HP Inc. HPQ 48.50 48.93 48.13 48.54 15.1M
Amgen AMGN 55.67 56.73 55.23 56.18 13.9M
Johnson & Johnson JNJ 62.39 62.50 61.72 61.79 13.8M
Merck MRK 49.55 50.00 48.81 49.02 13.7M
Bristol-Myers Squibb BMY 32.01 32.09 31.48 31.54 13.4M
Procter & Gamble PG 62.24 62.89 62.10 62.15 12.2M
Altria MO 70.50 70.98 69.68 69.80 12.2M
International Business Machines IBM 114.85 115.86 113.94 114.81 11.7M
Pepsico PEP 65.20 65.20 64.25 64.67 11.6M
Coca-Cola KO 53.74 53.90 53.09 53.21 11.2M
Walt Disney & Co. DIS 34.46 34.56 34.28 34.34 10.7M
Chevron CVX 93.00 93.31 91.38 92.12 10.3M
UnitedHealth Group UNH 51.67 51.90 50.78 51.32 9.55M
Amazon AMZN 72.62 72.96 70.50 71.63 9.13M
McDonald's MCD 52.73 53.22 51.95 52.09 7.52M
United Technologies UTX 77.19 77.23 75.84 76.03 6.74M
Boeing BA 102.80 104.42 102.35 103.86 6.65M
3M MMM 90.50 91.41 88.60 90.21 5.11M
Union Pacific UNP 124.50 126.34 123.71 125.87 2.73M
Berkshire Hathaway BRK.B 3638.00 3653.00 3627.00 3642.50 10.6K
Exchange Rates of July 20, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.260 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.049 CAD 1 CAD = 0.954 USD
US Dollar Swiss Franc 1 USD = 1.201 CHF 1 CHF = 0.833 USD
US Dollar Chinese Yuan 1 USD = 7.570 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 167.670 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.672 GBP 1 GBP = 1.487 EUR
Euro Australian Dollar 1 EUR = 1.570 AUD 1 AUD = 0.637 EUR
Euro Canadian Dollar 1 EUR = 1.450 CAD 1 CAD = 0.690 EUR
Euro Swiss Franc 1 EUR = 1.660 CHF 1 CHF = 0.602 EUR
Japanese Yen Pound Sterling 1 JPY = 0.401 GBP 1 GBP = 2.495 JPY
Japanese Yen Australian Dollar 1 JPY = 0.936 AUD 1 AUD = 1.068 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.864 CAD 1 CAD = 1.157 JPY
Japanese Yen Swiss Franc 1 JPY = 0.990 CHF 1 CHF = 1.010 JPY
Pound Sterling Australian Dollar 1 GBP = 2.336 AUD 1 AUD = 0.428 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.156 CAD 1 CAD = 0.464 GBP
Pound Sterling Swiss Franc 1 GBP = 2.468 CHF 1 CHF = 0.405 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.923 CAD 1 CAD = 1.084 AUD
Australian Dollar Swiss Franc 1 AUD = 1.057 CHF 1 CHF = 0.947 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.145 CHF 1 CHF = 0.874 CAD

See what else happened on July 20, 2007