Financial news on July 31, 2007
Business and Financial news
News Corporation may not give WSJ.com away free. It could instead bolster its free MarketWatch site and link it to the Fox business news channel. Read more..
China ordered banks to set aside larger reserves for the sixth time this year to curb lending and investment after the economy grew at the fastest pace since 1994. Lenders must put aside 12 percent of deposits as reserves starting Aug. 15, up from... Read more..
The automaker earned $891 million in the second quarter, compared with a loss of $3.4 billion a year earlier, but its problems in North America persisted. Read more..
Most Americans have never heard of Jet Airways, the airline Naresh Goyal founded in India 14 years ago. That will change. Read more..
I started my firm in New York back in 1990. My work involves a lot of travel, mostly short-hop domestic trips at least once a week. But about five years ago, after nearly three decades of living in this town, I decided to move to Palm Springs, Cal... Read more..
The health care conglomerate announced plans today to eliminate up to 4,800 jobs in a restructuring that it said would save $1.3 billion to $1.6 billion a year. Read more..
The government of Kazakhstan has raised the possibility of renegotiating one of the country’s largest oil contracts with the Italian company ENI for development of the Kashagan field in the Caspian Sea. Over the weekend, ENI announced cost overrun... Read more..
The decision could provide some relief for Amgen and Johnson & Johnson, which have already experienced steep drops in sales of the drugs because of concerns that the products might be making cancer worse. Read more..
Rupert Murdoch appears to have enough support from the divided Bancroft family for his News Corporation to buy The Wall Street Journal and the rest of Dow Jones for $5 billion. Read more..
Telefónica, the European telephone company, raised sales and earnings forecasts for 2007 after second-quarter profit more than doubled on broadband customer growth in Spain and Latin America. Net income rose to 2.57 billion euros ($3.5 billion), o... Read more..
Values are reported in US Dollars
|Johnson & Johnson||JNJ||61.35||61.78||60.50||60.50||21.9M|
|Wells Fargo & Co.||WFC||34.72||35.04||33.68||33.77||21.4M|
|International Business Machines||IBM||114.72||114.72||110.02||110.65||17.8M|
|Walt Disney & Co.||DIS||34.01||34.07||32.99||33.00||15.7M|
|Procter & Gamble||PG||63.06||63.19||61.74||61.86||15.5M|
Exchange Rates of July 31, 2007
|US Dollar||Japanese Yen||1 USD = 118.590 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.066 CAD||1 CAD = 0.938 USD|
|US Dollar||Swiss Franc||1 USD = 1.201 CHF||1 CHF = 0.833 USD|
|US Dollar||Chinese Yuan||1 USD = 7.573 CNY||1 CNY = 0.132 USD|
|Euro||Japanese Yen||1 EUR = 162.270 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.674 GBP||1 GBP = 1.485 EUR|
|Euro||Australian Dollar||1 EUR = 1.606 AUD||1 AUD = 0.623 EUR|
|Euro||Canadian Dollar||1 EUR = 1.459 CAD||1 CAD = 0.685 EUR|
|Euro||Swiss Franc||1 EUR = 1.643 CHF||1 CHF = 0.608 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.415 GBP||1 GBP = 2.411 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0.990 AUD||1 AUD = 1.011 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.899 CAD||1 CAD = 1.112 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.013 CHF||1 CHF = 0.988 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.385 AUD||1 AUD = 0.419 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.166 CAD||1 CAD = 0.462 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.439 CHF||1 CHF = 0.410 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.908 CAD||1 CAD = 1.102 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.022 CHF||1 CHF = 0.978 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.126 CHF||1 CHF = 0.888 CAD|