Financial news on June 21st, 2007

Business and Financial news
At Wal-Mart, a Back Door Into Banking

Wal-Mart failed to get approval for a bank. But the giant discount chain is effectively building one anyway. Read more..


China: Investment Fund Plans Bond Issue

The Chinese legislature plans a review next week of the Finance Ministry’s plans for a bond issue to raise money for a new state-run foreign investment fund, the government said. Read more..

By KEITH BRADSHER - The New York Times

Digital S.L.R.’s That Let You Shoot Like a Pro

The choice among new S.L.R. cameras from Canon, Nikon, Pentax, Olympus and Sony comes down to price, features and your existing lens collection. Read more..

By DAVID POGUE - The New York Times

For the Fashion-Conscious, a Laptop With Substance and Style

Sony is kicking things up a notch with its Vaio CR series of fashion-forward, customizable laptops in five colors. Read more..

By JOHN BIGGS - The New York Times

Germany: Labor Deal at Deutsche Telekom

Deutsche Telekom agreed with the Ver.di union on terms to transfer 50,000 workers to jobs that pay less, paving the way to end five weeks of strikes at the company. Read more..

By BLOOMBERG NEWS - The New York Times

How the U.S. Has Kept the Productivity Playing Field Tilted to Its Advantage

The world economy may be tough on your industry but look on the bright side: you could be French. Read more..

By AUSTAN GOOLSBEE - The New York Times

If You Like the Safari Browser for the iPhone, You’ll Love Opera Mini for Cellphones

Taking a page — albeit a tinier one — from the iPhone’s design is a new test version of the Opera Mini browser for cellphones. Read more..

By JOE HUTSKO - The New York Times

Small Companies That Try to Bring Innovative Technology to Teaching

A growing cluster of companies in the Northwest are looking to capitalize on educational needs. Read more..

By JAMES FLANIGAN - The New York Times

T.G.I. Friday’s Finds Smaller Portions Add to Customer Traffic

T.G.I. Friday’s is finding that less food translates into more customers and, perhaps, bigger profits. Read more..

By ANDREW MARTIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27,1827,4426,9127,3250.5M
General ElectricGE38,8938,9538,5038,8044.4M
Oracle Corp.ORCL19,5719,7319,4619,6828M
Home DepotHD40,0040,1439,5639,9526.9M
JPMorgan ChaseJPM49,6949,8848,6849,8419.4M
AT&T Inc.T39,4239,9139,3139,5919M
Wal-Mart StoresWMT48,2548,7948,0848,3916.5M
Bristol-Myers SquibbBMY31,4532,0631,3532,0216.1M
HP Inc.HPQ45,1645,6144,9045,5015M
Procter & GamblePG61,6562,4061,6061,8813.2M
Johnson & JohnsonJNJ61,9162,3461,7962,1110.4M
Walt Disney & Co.DIS34,1334,3633,8834,1910.3M
Verizon CommunicationsVZ42,4542,8542,2642,4410M
Abbott LaboratoriesABT54,1854,2753,3853,809.99M
Wells Fargo & Co.WFC35,6835,7835,3335,639.49M
UnitedHealth GroupUNH51,5051,7851,1351,777.15M
International Business MachinesIBM105,77107,00105,61106,605.59M
United TechnologiesUTX71,6972,2971,4371,954.03M
Gilead SciencesGILD79,1179,7378,7879,352.61M
Union PacificUNP117,20118,08116,36118,001.83M
Berkshire HathawayBRK.B3613,003620,003581,003594,0016.8K
Exchange Rates of June 21st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 123,720 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,075 CAD1 CAD = 0,931 USD
US DollarSwiss Franc1 USD = 1,241 CHF1 CHF = 0,806 USD
US DollarChinese Yuan1 USD = 7,619 CNY1 CNY = 0,131 USD
EuroJapanese Yen1 EUR = 165,640 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,672 GBP1 GBP = 1,489 EUR
EuroAustralian Dollar1 EUR = 1,579 AUD1 AUD = 0,633 EUR
EuroCanadian Dollar1 EUR = 1,438 CAD1 CAD = 0,695 EUR
EuroSwiss Franc1 EUR = 1,662 CHF1 CHF = 0,602 EUR
Japanese YenPound Sterling1 JPY = 0,405 GBP1 GBP = 2,467 JPY
Japanese YenAustralian Dollar1 JPY = 0,953 AUD1 AUD = 1,049 JPY
Japanese YenCanadian Dollar1 JPY = 0,868 CAD1 CAD = 1,152 JPY
Japanese YenSwiss Franc1 JPY = 1,003 CHF1 CHF = 0,997 JPY
Pound SterlingAustralian Dollar1 GBP = 2,351 AUD1 AUD = 0,425 GBP
Pound SterlingCanadian Dollar1 GBP = 2,141 CAD1 CAD = 0,467 GBP
Pound SterlingSwiss Franc1 GBP = 2,473 CHF1 CHF = 0,404 GBP
Australian DollarCanadian Dollar1 AUD = 0,910 CAD1 CAD = 1,099 AUD
Australian DollarSwiss Franc1 AUD = 1,052 CHF1 CHF = 0,951 AUD
Canadian DollarSwiss Franc1 CAD = 1,155 CHF1 CHF = 0,866 CAD

See what else happened on June 21st, 2007