Financial news on July 24th, 2007

Business and Financial news
A Genetically Modified Potato, Not for Eating, Is Stirring Some Opposition in Europe

Amflora potatoes have become the unlikely lightning rod in the angry debate over genetically modified crops in Europe. Read more..


Amazon Profit Is Up, With Harry Potter’s Aid

The online retailer announced today that its second-quarter net income increased more than threefold, with revenue up 35 percent. Read more..

By BRAD STONE - The New York Times

A Reverse Profit Strategy Faces a Commercial Test

Procter & Gamble makes a powder that purifies water, which it sells at cost to poverty stricken countries. Now it wants to sell that product for a profit in the United States. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Doubts Raised on Magazine’s ‘Baghdad Diarist’

Many people are asking The New Republic about the identity of the author of a number of articles attributed to an American soldier in Baghdad. Read more..

By LOUISE STORY - The New York Times

H.P. Making 2 Purchases to Push Data

Hewlett-Packard said it had agreed to pay $1.6 billion for software maker Opsware, giving a hefty payoff to Opsware founder, Marc Andreessen. Read more..

By MATT RICHTEL - The New York Times

Older Workers, Tired of Routine, Turn to Franchising

Older people are discovering the joys (and risks) of franchising. Read more..

By BRENT BOWERS - The New York Times

Serena and Roger on the Bus, Not the Court

A new campaign by Arnold Worldwide features tennis stars traveling on a tour bus. Read more..

By JANE L. LEVERE - The New York Times

Taser Profit Exceeds Forecast for Quarter

Taser International, the maker of stun guns, posted second-quarter profit of $3.7 million on sales to the military and law enforcement agencies. Read more..

By BLOOMBERG NEWS - The New York Times

The Goal: To Survive World Cup Mania

I’m a 46-year-old software engineer and manager who has traveled to five continents for both business and pleasure. My hobby is nature and wildlife photography. So I have taken trips to exotic places like Tanzania for a safari and Cambodia to visi... Read more..

By JAMES ARMSTRONG - The New York Times

Top Oil Drilling Companies to Merge

Transocean and GlobalSantaFe said Monday that they would seek to consolidate their lead in a fast-growing market. Read more..

By JAD MOUAWAD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29,9530,3629,5829,7669.6M
General ElectricGE40,6340,9840,1540,2246.1M
AT&T Inc.T39,6140,3239,2039,6841.5M
Oracle Corp.ORCL20,7820,9820,5420,6439.5M
JPMorgan ChaseJPM46,6346,9545,1245,3435.7M
Home DepotHD38,7738,9537,8737,9526.2M
Wells Fargo & Co.WFC34,4534,6933,8333,9323.4M
Wal-Mart StoresWMT47,7248,6647,7248,0221.9M
Abbott LaboratoriesABT53,2054,2052,2052,5118.4M
Verizon CommunicationsVZ42,5043,5142,4643,1116.6M
Gilead SciencesGILD37,4538,5337,4537,8615.9M
Procter & GamblePG62,5764,3862,5562,9614.8M
Bristol-Myers SquibbBMY31,8932,0831,3731,4012.3M
Johnson & JohnsonJNJ61,5762,1361,4261,4710.8M
International Business MachinesIBM115,32117,00115,02116,1710.5M
Walt Disney & Co.DIS34,9535,3834,6734,7510.4M
HP Inc.HPQ48,4048,6747,5247,6110.4M
UnitedHealth GroupUNH51,1751,5650,9651,008.68M
United TechnologiesUTX75,7476,3174,7074,745.9M
Union PacificUNP122,94127,63122,94124,993.64M
Berkshire HathawayBRK.B3635,003645,003625,503636,0010K
Exchange Rates of July 24th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120,240 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,036 CAD1 CAD = 0,966 USD
US DollarSwiss Franc1 USD = 1,203 CHF1 CHF = 0,831 USD
US DollarChinese Yuan1 USD = 7,563 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 166,220 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,670 GBP1 GBP = 1,493 EUR
EuroAustralian Dollar1 EUR = 1,567 AUD1 AUD = 0,638 EUR
EuroCanadian Dollar1 EUR = 1,431 CAD1 CAD = 0,699 EUR
EuroSwiss Franc1 EUR = 1,663 CHF1 CHF = 0,601 EUR
Japanese YenPound Sterling1 JPY = 0,403 GBP1 GBP = 2,482 JPY
Japanese YenAustralian Dollar1 JPY = 0,942 AUD1 AUD = 1,061 JPY
Japanese YenCanadian Dollar1 JPY = 0,861 CAD1 CAD = 1,162 JPY
Japanese YenSwiss Franc1 JPY = 1,000 CHF1 CHF = 1,000 JPY
Pound SterlingAustralian Dollar1 GBP = 2,339 AUD1 AUD = 0,428 GBP
Pound SterlingCanadian Dollar1 GBP = 2,136 CAD1 CAD = 0,468 GBP
Pound SterlingSwiss Franc1 GBP = 2,481 CHF1 CHF = 0,403 GBP
Australian DollarCanadian Dollar1 AUD = 0,913 CAD1 CAD = 1,095 AUD
Australian DollarSwiss Franc1 AUD = 1,061 CHF1 CHF = 0,943 AUD
Canadian DollarSwiss Franc1 CAD = 1,161 CHF1 CHF = 0,861 CAD

See what else happened on July 24th, 2007