Financial news on October 25, 2007
Business and Financial news
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..
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..
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..
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..
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..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.15||34.17||33.36||33.81||30.6M|
|Walt Disney & Co.||DIS||34.98||35.00||34.14||34.45||10.6M|
|Johnson & Johnson||JNJ||64.42||64.45||63.73||63.95||10.6M|
|Procter & Gamble||PG||71.21||71.68||71.14||71.35||10.4M|
|International Business Machines||IBM||113.32||114.40||111.69||112.81||6.52M|
Exchange Rates of October 25, 2007
|US Dollar||Japanese Yen||1 USD = 114.170 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 0.966 CAD||1 CAD = 1.036 USD|
|US Dollar||Swiss Franc||1 USD = 1.165 CHF||1 CHF = 0.858 USD|
|US Dollar||Chinese Yuan||1 USD = 7.482 CNY||1 CNY = 0.134 USD|
|Euro||Japanese Yen||1 EUR = 163.630 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.698 GBP||1 GBP = 1.432 EUR|
|Euro||Australian Dollar||1 EUR = 1.577 AUD||1 AUD = 0.634 EUR|
|Euro||Canadian Dollar||1 EUR = 1.384 CAD||1 CAD = 0.723 EUR|
|Euro||Swiss Franc||1 EUR = 1.670 CHF||1 CHF = 0.599 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.427 GBP||1 GBP = 2.344 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.963 AUD||1 AUD = 1.038 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.845 CAD||1 CAD = 1.183 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.020 CHF||1 CHF = 0.980 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.258 AUD||1 AUD = 0.443 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.981 CAD||1 CAD = 0.505 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.390 CHF||1 CHF = 0.418 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.877 CAD||1 CAD = 1.141 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.058 CHF||1 CHF = 0.945 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.206 CHF||1 CHF = 0.829 CAD|