Financial news on July 25th, 2007

Business and Financial news
Aided by Harry Potter Fans, Amazon Triples Its Profit

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

By BRAD STONE - The New York Times

Aluminum: Quarry for Mining Companies

Rio Tinto’s recent offer of $38.1 billion for Alcan may be a sign that aluminum is no longer an estranged cousin in the mining industry. Read more..

By IAN AUSTEN - The New York Times

Apple Flash: 270,000 iPhones in 2 Days

Apple said it sold 270,000 iPhones in the last two days of June. It expects to sell 1 million by the end of this quarter. Oh yes, the numbers. Apple blew away Wall Street’s profit forecast. Read more..

By THE NEW YORK TIMES - The New York Times

California Utility Agrees to Buy Power Generated by Solar Array

Pacific Gas & Electric, Northern California’s major utility, is announcing a commitment on Wednesday to make one of the largest ever solar power purchases. Read more..


Digg Digs Microsoft; Buries Google

Microsoft inks advertising deal with Digg, the popular user-controlled news site displacing Google. Read more..

By THE NEW YORK TIMES - The New York Times

Eleven Empty Hours for Craigslist Users

What happens when the server farm goes down? Read more..

By KATIE HAFNER - The New York Times

Funds Pressure Oil Companies on Iran Links

Some of the nation’s largest public pension funds are leaning on European and Asian oil companies to reconsider their investments in Iran. Read more..

By JAD MOUAWAD - The New York Times

G.E. Unveils Credit Card Aimed at Relieving Carbon Footprints

G.E. will introduce a credit card that allows cardholders to forgo a 1 percent cash rebate on purchases and earmark that amount for projects that reduce greenhouse gases. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

In the Kitchen and on the Airwaves, Red Lobster Gets a Makeover

Acknowledging that its restaurants are perceived by some as frumpy and downscale, Red Lobster has embarked on broad changes that are intended to woo wealthier diners. Read more..

By CLAIRE ATKINSON - The New York Times

Law Firms From U.S. Invade Paris

A quiet revolution is under way, as European law firms are struggling to adapt to successive waves of their British and American counterparts. Read more..

By JOHN TAGLIABUE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO30,0030,2429,6529,9153.1M
General ElectricGE40,5740,7239,9440,4242.1M
JPMorgan ChaseJPM45,6746,2144,2945,2740.2M
Oracle Corp.ORCL20,7020,7420,4020,5831M
AT&T Inc.T40,1141,6039,9040,5029.4M
Home DepotHD38,2138,4037,6238,0423.9M
Wells Fargo & Co.WFC34,3934,8734,1534,5722M
Abbott LaboratoriesABT52,7652,9051,6952,3016.5M
Wal-Mart StoresWMT48,4048,4547,5547,8715.5M
Verizon CommunicationsVZ43,2443,8342,6943,2214.2M
Procter & GamblePG62,9263,5762,5962,9813.6M
Gilead SciencesGILD38,0138,0837,2437,9212M
HP Inc.HPQ47,9048,5447,1547,5411.4M
International Business MachinesIBM116,19118,38115,24118,1011.3M
Bristol-Myers SquibbBMY31,5031,7830,8031,5911M
Johnson & JohnsonJNJ61,4861,9961,1961,5310.6M
Walt Disney & Co.DIS34,9135,1934,7534,9310.2M
UnitedHealth GroupUNH50,9951,4250,7051,218.55M
United TechnologiesUTX75,0875,7474,7175,194.74M
Union PacificUNP126,00127,79121,06122,813.75M
Berkshire HathawayBRK.B3649,003653,003628,003638,5010.8K
Exchange Rates of July 25th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120,490 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,042 CAD1 CAD = 0,960 USD
US DollarSwiss Franc1 USD = 1,213 CHF1 CHF = 0,824 USD
US DollarChinese Yuan1 USD = 7,557 CNY1 CNY = 0,132 USD
EuroJapanese Yen1 EUR = 165,330 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,668 GBP1 GBP = 1,497 EUR
EuroAustralian Dollar1 EUR = 1,553 AUD1 AUD = 0,644 EUR
EuroCanadian Dollar1 EUR = 1,429 CAD1 CAD = 0,700 EUR
EuroSwiss Franc1 EUR = 1,665 CHF1 CHF = 0,601 EUR
Japanese YenPound Sterling1 JPY = 0,404 GBP1 GBP = 2,476 JPY
Japanese YenAustralian Dollar1 JPY = 0,939 AUD1 AUD = 1,065 JPY
Japanese YenCanadian Dollar1 JPY = 0,864 CAD1 CAD = 1,158 JPY
Japanese YenSwiss Franc1 JPY = 1,007 CHF1 CHF = 0,993 JPY
Pound SterlingAustralian Dollar1 GBP = 2,324 AUD1 AUD = 0,430 GBP
Pound SterlingCanadian Dollar1 GBP = 2,139 CAD1 CAD = 0,467 GBP
Pound SterlingSwiss Franc1 GBP = 2,491 CHF1 CHF = 0,401 GBP
Australian DollarCanadian Dollar1 AUD = 0,920 CAD1 CAD = 1,087 AUD
Australian DollarSwiss Franc1 AUD = 1,072 CHF1 CHF = 0,933 AUD
Canadian DollarSwiss Franc1 CAD = 1,165 CHF1 CHF = 0,859 CAD

See what else happened on July 25th, 2007