Financial news on July 31, 2007

Business and Financial news
Can Murdoch Charge for WSJ.com and Give It Away Too?

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..

By SAUL HANSELL - The New York Times

China: Reserve Requirement for Banks Raised Again

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..

By BLOOMBERG NEWS - The New York Times

G.M. Is Lifted to a Profit by Global Business

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..

By JEREMY W. PETERS - The New York Times

Indian Airline Makes Its Case as a Premier-Class Contender

Most Americans have never heard of Jet Airways, the airline Naresh Goyal founded in India 14 years ago. That will change. Read more..

By JOE SHARKEY - The New York Times

In Planned Layovers, Delight in Discovering America

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..

By RICHARD LAERMER - The New York Times

Johnson & Johnson to Cut Jobs

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..

By STEPHANIE SAUL - The New York Times

Kazakhstan: Uncertainty Over Oil Contract

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..

By JOSHUA YAFFA - The New York Times

Medicare Eases Proposed Restrictions on Anemia Drugs Used by Cancer Patients

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..

By ANDREW POLLACK - The New York Times

Murdoch Seen Winning in Bid for Dow Jones

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..

By RICHARD PÉREZ-PEÑA and ANDREW ROSS SORKIN - The New York Times

Spain: Telefónica Doubles Its Profit

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..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.71 29.72 28.98 28.99 66.6M
Apple AAPL 142.97 143.48 131.52 131.76 62.9M
Pfizer PFE 23.87 23.92 23.50 23.51 62.4M
Intel INTC 24.10 24.18 23.59 23.62 61.6M
Cisco Systems CSCO 29.82 29.86 28.91 28.91 53.8M
General Electric GE 39.54 39.75 38.73 38.76 42.8M
Oracle Corp. ORCL 19.79 19.82 19.11 19.12 36M
JPMorgan Chase JPM 45.07 45.97 43.94 44.01 34.1M
ExxonMobil XOM 86.77 87.32 84.92 85.13 33.9M
Home Depot HD 38.16 38.42 37.08 37.17 29.8M
Amgen AMGN 55.80 55.92 53.68 53.74 28.1M
AT&T Inc. T 39.79 40.10 39.12 39.16 27.5M
Wal-Mart Stores WMT 46.34 46.81 45.90 45.95 27.2M
Comcast CMCSA 27.24 27.49 26.25 26.27 25.8M
Verizon Communications VZ 42.01 43.29 41.75 42.62 24.3M
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
ConocoPhillips COP 82.42 82.88 80.67 80.84 16.4M
Abbott Laboratories ABT 51.30 51.49 50.43 50.69 15.9M
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
Altria MO 66.10 68.42 65.87 66.47 15.4M
HP Inc. HPQ 46.49 47.09 45.97 46.03 14.7M
Merck MRK 50.30 50.46 49.50 49.65 14.4M
Amazon AMZN 83.70 83.73 78.00 78.54 14.1M
Bristol-Myers Squibb BMY 29.00 29.12 28.35 28.41 12.5M
Chevron CVX 86.26 87.45 85.16 85.26 11.9M
UnitedHealth Group UNH 49.16 49.23 48.13 48.43 10.4M
Coca-Cola KO 52.74 52.87 52.04 52.11 9.94M
Gilead Sciences GILD 37.82 38.50 37.21 37.23 9.93M
Schlumberger SLB 95.90 97.66 94.53 94.72 9.92M
Alphabet GOOGL 520.23 520.44 510.00 510.00 8.53M
McDonald's MCD 48.45 48.90 47.86 47.87 8.5M
Pepsico PEP 66.05 66.50 65.56 65.62 6.96M
Boeing BA 106.54 106.54 103.31 103.43 6.9M
United Technologies UTX 75.00 75.00 72.97 72.97 5.92M
3M MMM 89.46 90.48 88.78 88.92 5.72M
Union Pacific UNP 121.70 122.13 119.14 119.14 2.44M
Berkshire Hathaway BRK.B 3602.00 3607.00 3590.00 3604.00 11.8K
Exchange Rates of July 31, 2007
CurrenciesExchange Rates
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

See what else happened on July 31, 2007