Financial news on August 23rd, 2007

Business and Financial news
4 Major Banks Tap Fed for Financing

The country’s four biggest banks announced Wednesday that they had each borrowed $500 million from the Federal Reserve at its newly lowered discount rate. Read more..

By ERIC DASH - The New York Times

A Cellphone That Can Even Help You Find Your Friends (if Not Yourself)

Helio’s latest phone, the Fin, is as thin and menacing as a shark’s dorsal appendage slicing through the water. Read more..

By JOHN BIGGS - The New York Times

Changes to Yahoo Video on the Way

Yahoo is planning a more complete YouTube-like video portal, where users will be able to view and share videos, create playlists and interact with others. Read more..

By MIGUEL HELFT - The New York Times

Gambling Dispute With a Tiny Country Puts U.S. in a Bind

A trade dispute filed by Antigua and Barbuda, a Caribbean nation with dozens of online casinos, challenges Washington’s effort to prohibit online gambling. Read more..

By GARY RIVLIN - The New York Times

Japanese Trade Surplus Narrowed in July

The trade surplus narrowed more than economists had forecast as automobile exports cooled, heightening concern that growth in Japan might slow. Read more..

By BLOOMBERG NEWS - The New York Times

Quick Bits: The Late Edition

With news from Sun, Sony and Intuit, among others. Read more..

By DAMON DARLIN - The New York Times

Scandal and Suicide in China: A Dark Side of Toys

The suicide of a Chinese businessman may have resulted in part from the pressures and contradictions of China’s loosely regulated brand of capitalism. Read more..

By DAVID BARBOZA - The New York Times

Ticketmaster to End Live Nation Contract

Ticketmaster said that it did not expect to extend its long-term contract with Live Nation, the world’s biggest concert promoter. Read more..

By JEFF LEEDS - The New York Times

Two Monitors, One PC

Is there a way to connect two monitors to a Windows XP computer so I can keep my e-mail window up in one and do the rest of my work on the other? Read more..

By J. D. BIERSDORFER - The New York Times

With This Software, Digital Home Videos Become Claymation Movies

If your home movies are just too dull to be endured, you have a new option: turn your family members into claymation characters. Read more..

By DAN MITCHELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO30.4930.6230.0630.2738M
General ElectricGE39.2139.4238.6039.1233.1M
Oracle Corp.ORCL19.3819.6919.2219.3731.2M
Wal-Mart StoresWMT43.7543.8343.0343.1723.8M
Home DepotHD34.1534.3633.7834.0223.1M
JPMorgan ChaseJPM46.4546.5845.1545.6721.5M
AT&T Inc.T39.5540.2139.5540.1018.7M
Wells Fargo & Co.WFC36.7837.0036.1536.4517.2M
HP Inc.HPQ46.5147.8446.3047.6514.6M
Walt Disney & Co.DIS33.7533.9832.9733.1611M
Procter & GamblePG64.9965.1864.5465.0410.7M
Verizon CommunicationsVZ41.9542.3041.8242.159.29M
Abbott LaboratoriesABT52.5252.5851.8252.169.21M
Johnson & JohnsonJNJ62.1562.3761.9762.118.81M
Bristol-Myers SquibbBMY29.1229.1528.6829.008.57M
International Business MachinesIBM110.40111.68110.01111.458.27M
UnitedHealth GroupUNH48.9049.0048.3448.625.92M
Gilead SciencesGILD37.9437.9437.0037.185.85M
United TechnologiesUTX73.8174.0073.0973.303.48M
Union PacificUNP113.28114.01109.27109.662.49M
Berkshire HathawayBRK.B3938.003973.003920.003945.0011.2K
Exchange Rates of August 23rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.330 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.053 CAD1 CAD = 0.950 USD
US DollarSwiss Franc1 USD = 1.207 CHF1 CHF = 0.829 USD
US DollarChinese Yuan1 USD = 7.584 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 157.800 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.479 EUR
EuroAustralian Dollar1 EUR = 1.654 AUD1 AUD = 0.605 EUR
EuroCanadian Dollar1 EUR = 1.428 CAD1 CAD = 0.700 EUR
EuroSwiss Franc1 EUR = 1.637 CHF1 CHF = 0.611 EUR
Japanese YenPound Sterling1 JPY = 0.428 GBP1 GBP = 2.334 JPY
Japanese YenAustralian Dollar1 JPY = 1.048 AUD1 AUD = 0.955 JPY
Japanese YenCanadian Dollar1 JPY = 0.904 CAD1 CAD = 1.106 JPY
Japanese YenSwiss Franc1 JPY = 1.037 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.445 AUD1 AUD = 0.409 GBP
Pound SterlingCanadian Dollar1 GBP = 2.111 CAD1 CAD = 0.474 GBP
Pound SterlingSwiss Franc1 GBP = 2.420 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.863 CAD1 CAD = 1.159 AUD
Australian DollarSwiss Franc1 AUD = 0.989 CHF1 CHF = 1.011 AUD
Canadian DollarSwiss Franc1 CAD = 1.146 CHF1 CHF = 0.872 CAD

See what else happened on August 23rd, 2007