Financial news on October 25th, 2007

Business and Financial news
A380’s Initial Flight Is an Aviation Buff’s Delight

After glitches and delays amid growing demand for air travel, Singapore Airlines savored the distinction of being the first to fly the double-decker behemoth with paying passengers. Read more..

By WAYNE ARNOLD - The New York Times

An SLM Agreement

Student lender Sallie Mae and its would-be buyers agreed to language that enables the company to operate while they battle in court over their collapsed $25 billion buyout. Read more..

By BLOOMBERG NEWS - The New York Times

Copy Video From Your PC, and Then Watch It on Your TV

SanDisk’s Sansa TakeTV is aimed at people who want to take digital video from their computers and watch it on their TVs, without getting too high-tech about it. Read more..

By STEPHEN C. MILLER - The New York Times

Deutsche Telekom Looks for Two-Tier Internet

Arguing that it is too expensive to deliver video to its home Internet users, Deutsche Telekom is preparing to charge a fee to companies that want to offer video and other high-bandwidth services, according to an industry newsletter. Read more..

By SAUL HANSELL - The New York Times

Digital Music to Please Even the Snobs

Serious music lovers probably fancy digital music servers — a jukebox for digital music files, a hard drive to store the files and software to pump it through an existing stereo system. Read more..

By LAWRENCE M. FISHER - The New York Times

Dolans’ Bid to Take Cablevision Private Is Rejected by Shareholders

In the largest rejection of a buyout ever, shareholders blocked the Dolan family’s two-year, $10.6 billion effort to take Cablevision private. Read more..

By ANDREW ROSS SORKIN - The New York Times

Grim Housing Report Lifts Wall Street’s Hopes for a Rate Cut

As sales of existing homes plunged 8 percent in September to the slowest annual pace in nearly a decade, markets rebounded from early losses on hopes the Fed will cut rates. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Merrill’s Chief Is Being Held to Account

The brokerage’s $7.9 billion write down raised questions about E. Stanley O’Neal’s leadership and the ability of his top executives to manage the risky assets on the firm’s balance sheet. Read more..


Software Maker’s Earnings Triple

VMware, reporting its first financial results since its I.P.O., said third-quarter profit more than tripled on demand for software that makes computers more efficient. Read more..

By BLOOMBERG NEWS - The New York Times

Sony Profits Up Sharply, Signaling Recovery

The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit. Read more..

By MARTIN FACKLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE40,3840,5539,7240,1643.9M
Cisco SystemsCSCO31,3731,8831,0531,1841.3M
Oracle Corp.ORCL21,3321,4520,7821,0040.7M
Wells Fargo & Co.WFC34,1534,1733,3633,8130.6M
Home DepotHD31,0931,5230,3830,7024.3M
AT&T Inc.T41,5341,7740,5741,0023.6M
Wal-Mart StoresWMT43,9644,2543,2843,8821.3M
Bristol-Myers SquibbBMY28,8529,5928,6429,3621.1M
JPMorgan ChaseJPM46,1046,5545,1546,0520.1M
Abbott LaboratoriesABT52,8754,0752,6653,8716.6M
Gilead SciencesGILD44,0045,7043,9645,5114.3M
Verizon CommunicationsVZ44,6145,0544,3744,9111.9M
HP Inc.HPQ51,4851,9750,9551,3911.9M
Walt Disney & Co.DIS34,9835,0034,1434,4510.6M
Johnson & JohnsonJNJ64,4264,4563,7363,9510.6M
Procter & GamblePG71,2171,6871,1471,3510.4M
UnitedHealth GroupUNH48,4748,9648,1848,536.57M
International Business MachinesIBM113,32114,40111,69112,816.52M
United TechnologiesUTX76,7576,9575,3975,725.57M
Union PacificUNP129,35129,40125,25127,283.2M
Berkshire HathawayBRK.B4247,004252,504228,004252,5014.9K
Exchange Rates of October 25th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114,170 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,966 CAD1 CAD = 1,036 USD
US DollarSwiss Franc1 USD = 1,165 CHF1 CHF = 0,858 USD
US DollarChinese Yuan1 USD = 7,482 CNY1 CNY = 0,134 USD
EuroJapanese Yen1 EUR = 163,630 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,698 GBP1 GBP = 1,432 EUR
EuroAustralian Dollar1 EUR = 1,577 AUD1 AUD = 0,634 EUR
EuroCanadian Dollar1 EUR = 1,384 CAD1 CAD = 0,723 EUR
EuroSwiss Franc1 EUR = 1,670 CHF1 CHF = 0,599 EUR
Japanese YenPound Sterling1 JPY = 0,427 GBP1 GBP = 2,344 JPY
Japanese YenAustralian Dollar1 JPY = 0,963 AUD1 AUD = 1,038 JPY
Japanese YenCanadian Dollar1 JPY = 0,845 CAD1 CAD = 1,183 JPY
Japanese YenSwiss Franc1 JPY = 1,020 CHF1 CHF = 0,980 JPY
Pound SterlingAustralian Dollar1 GBP = 2,258 AUD1 AUD = 0,443 GBP
Pound SterlingCanadian Dollar1 GBP = 1,981 CAD1 CAD = 0,505 GBP
Pound SterlingSwiss Franc1 GBP = 2,390 CHF1 CHF = 0,418 GBP
Australian DollarCanadian Dollar1 AUD = 0,877 CAD1 CAD = 1,141 AUD
Australian DollarSwiss Franc1 AUD = 1,058 CHF1 CHF = 0,945 AUD
Canadian DollarSwiss Franc1 CAD = 1,206 CHF1 CHF = 0,829 CAD

See what else happened on October 25th, 2007