Financial news on May 31st, 2007

Business and Financial news
A Voice for Small Business

Steven C. Preston discussed his efforts and those of Congress to reform the Small Business Administration, which has been hit with budget and staffing cuts. Read more..

By RON NIXON - The New York Times

Canada: Japan Tobacco Unit to Face Trial

Japan Tobacco’s Canadian unit was ordered by an Ontario judge to stand trial on charges it defrauded the Canadian government out of about a billion Canadian dollars ($931 million) in the 1990s by shipping cigarettes to the United States to avoid p... Read more..

By BLOOMBERG NEWS - The New York Times

CBS Buys Last.FM, an Online Radio Site

CBS said the $280 million deal will allow the service to continue to operate as an independent unit. Read more..

By THE NEW YORK TIMES - The New York Times

Coca-Cola and PepsiCo Agree to Curb Animal Tests

The two soft drink giants have agreed to stop directly financing research that uses animals to test or develop their products. Read more..

By BRENDA GOODMAN - The New York Times

Disable the Messenger

I keep getting a message that says “Critical error message — Registry damaged and corrupted.” Is this a virus? Read more..

By J. D. BIERSDORFER - The New York Times

Moving Web-Based Software Offline

Google will make applications like Gmail and Docs and Spreadsheets available offline, in a move that will challenge Microsoft. Read more..

By MIGUEL HELFT - The New York Times

New Agency for ‘I Love New York’

Saatchi & Saatchi in New York has been selected to handle the familiar tourism campaign for New York State, known since 1977 by its theme, “I Love New York.” Read more..

By STUART ELLIOTT - The New York Times

Protect an iPod and Tame Its Unruly Cord at the Same Time

A new protective case from Digital Lifestyle Outfitters has a spool on the back that takes up slack in the cord when headphones are worn. Read more..

By ALAN KRAUSS - The New York Times

Small Business Not as Usual

Policy changes and severe budget cuts at the Small Business Administration have left the agency unable to fulfill its mission. Read more..


S.&P. 500 Breaks Record Set in 2000

A modest rally pushed the most widely followed benchmark of U.S. stocks past a previous high set amid the dot-com boom. Read more..

By JEREMY W. PETERS and VIKAS BAJAJ - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.7426.9926.4926.9276.3M
Oracle Corp.ORCL19.3919.6019.2619.3832.6M
General ElectricGE37.7037.7937.5137.5831.6M
AT&T Inc.T41.0041.3640.9641.3419.4M
Wal-Mart StoresWMT47.1047.8047.1047.6017.5M
Walt Disney & Co.DIS35.9035.9535.2735.4415.8M
HP Inc.HPQ45.6145.8645.5145.7115.2M
Abbott LaboratoriesABT55.8656.5555.8056.3514.2M
Verizon CommunicationsVZ43.8243.9943.5243.5314.2M
Johnson & JohnsonJNJ63.0063.5562.9763.2712.2M
JPMorgan ChaseJPM52.2552.3151.6751.8311M
Wells Fargo & Co.WFC36.1836.3035.9936.0910.2M
Home DepotHD38.7539.0338.5738.879.73M
Bristol-Myers SquibbBMY29.3330.4429.3330.319.61M
Procter & GamblePG63.7563.9263.3263.558.62M
UnitedHealth GroupUNH54.7555.3254.5154.777.24M
United TechnologiesUTX69.6270.6869.6270.555.41M
International Business MachinesIBM107.23107.67106.00106.605.1M
Gilead SciencesGILD82.1683.5782.0682.773.87M
Union PacificUNP119.05121.14119.00120.681.78M
Berkshire HathawayBRK.B3635.003637.003622.003625.006.5K
Exchange Rates of May 31st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.720 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.069 CAD1 CAD = 0.936 USD
US DollarSwiss Franc1 USD = 1.225 CHF1 CHF = 0.816 USD
US DollarChinese Yuan1 USD = 7.648 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 163.740 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.472 EUR
EuroAustralian Dollar1 EUR = 1.625 AUD1 AUD = 0.616 EUR
EuroCanadian Dollar1 EUR = 1.438 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.648 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.415 GBP1 GBP = 2.411 JPY
Japanese YenAustralian Dollar1 JPY = 0.992 AUD1 AUD = 1.008 JPY
Japanese YenCanadian Dollar1 JPY = 0.878 CAD1 CAD = 1.139 JPY
Japanese YenSwiss Franc1 JPY = 1.006 CHF1 CHF = 0.994 JPY
Pound SterlingAustralian Dollar1 GBP = 2.391 AUD1 AUD = 0.418 GBP
Pound SterlingCanadian Dollar1 GBP = 2.116 CAD1 CAD = 0.473 GBP
Pound SterlingSwiss Franc1 GBP = 2.425 CHF1 CHF = 0.412 GBP
Australian DollarCanadian Dollar1 AUD = 0.884 CAD1 CAD = 1.131 AUD
Australian DollarSwiss Franc1 AUD = 1.014 CHF1 CHF = 0.986 AUD
Canadian DollarSwiss Franc1 CAD = 1.146 CHF1 CHF = 0.873 CAD

See what else happened on May 31st, 2007