Financial news on May 31, 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..

By RON NIXON and ELIZABETH OLSON - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31,12 31,16 30,61 30,69 85.3M
Cisco Systems CSCO 26,74 26,99 26,49 26,92 76.3M
Intel INTC 22,14 22,19 21,92 22,18 49.3M
Apple AAPL 120,07 122,17 119,54 121,19 46.3M
Pfizer PFE 27,35 27,63 27,34 27,49 34.6M
Oracle Corp. ORCL 19,39 19,60 19,26 19,38 32.6M
General Electric GE 37,70 37,79 37,51 37,58 31.6M
ExxonMobil XOM 84,00 84,25 83,12 83,17 21M
AT&T Inc. T 41,00 41,36 40,96 41,34 19.4M
Amgen AMGN 55,17 56,92 55,06 56,45 18.9M
Comcast CMCSA 27,65 27,76 27,23 27,41 18.3M
Alphabet GOOGL 500,56 508,78 497,06 497,91 17.8M
ConocoPhillips COP 77,54 77,93 76,92 77,43 17.7M
Wal-Mart Stores WMT 47,10 47,80 47,10 47,60 17.5M
Walt Disney & Co. DIS 35,90 35,95 35,27 35,44 15.8M
HP Inc. HPQ 45,61 45,86 45,51 45,71 15.2M
Abbott Laboratories ABT 55,86 56,55 55,80 56,35 14.2M
Verizon Communications VZ 43,82 43,99 43,52 43,53 14.2M
Altria MO 71,49 72,20 71,03 71,10 14.1M
Johnson & Johnson JNJ 63,00 63,55 62,97 63,27 12.2M
Chevron CVX 82,15 82,36 81,02 81,49 11.5M
Schlumberger SLB 79,50 80,29 77,74 77,87 11.3M
Merck MRK 52,62 53,18 52,45 52,45 11.2M
JPMorgan Chase JPM 52,25 52,31 51,67 51,83 11M
Coca-Cola KO 52,96 53,46 52,88 52,99 10.6M
Wells Fargo & Co. WFC 36,18 36,30 35,99 36,09 10.2M
Home Depot HD 38,75 39,03 38,57 38,87 9.73M
Bristol-Myers Squibb BMY 29,33 30,44 29,33 30,31 9.61M
Amazon AMZN 70,68 70,74 68,57 69,14 9.31M
Procter & Gamble PG 63,75 63,92 63,32 63,55 8.62M
McDonald's MCD 50,65 50,83 50,30 50,55 7.87M
UnitedHealth Group UNH 54,75 55,32 54,51 54,77 7.24M
Pepsico PEP 68,51 68,91 68,26 68,33 5.7M
United Technologies UTX 69,62 70,68 69,62 70,55 5.41M
International Business Machines IBM 107,23 107,67 106,00 106,60 5.1M
Boeing BA 100,69 100,96 100,47 100,59 4.24M
Gilead Sciences GILD 82,16 83,57 82,06 82,77 3.87M
3M MMM 87,93 88,46 87,63 87,96 3.56M
Union Pacific UNP 119,05 121,14 119,00 120,68 1.78M
Berkshire Hathaway BRK.B 3635,00 3637,00 3622,00 3625,00 6.5K
Exchange Rates of May 31, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121,720 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,069 CAD 1 CAD = 0,936 USD
US Dollar Swiss Franc 1 USD = 1,225 CHF 1 CHF = 0,816 USD
US Dollar Chinese Yuan 1 USD = 7,648 CNY 1 CNY = 0,131 USD
Euro Japanese Yen 1 EUR = 163,740 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,679 GBP 1 GBP = 1,472 EUR
Euro Australian Dollar 1 EUR = 1,625 AUD 1 AUD = 0,616 EUR
Euro Canadian Dollar 1 EUR = 1,438 CAD 1 CAD = 0,696 EUR
Euro Swiss Franc 1 EUR = 1,648 CHF 1 CHF = 0,607 EUR
Japanese Yen Pound Sterling 1 JPY = 0,415 GBP 1 GBP = 2,411 JPY
Japanese Yen Australian Dollar 1 JPY = 0,992 AUD 1 AUD = 1,008 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,878 CAD 1 CAD = 1,139 JPY
Japanese Yen Swiss Franc 1 JPY = 1,006 CHF 1 CHF = 0,994 JPY
Pound Sterling Australian Dollar 1 GBP = 2,391 AUD 1 AUD = 0,418 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,116 CAD 1 CAD = 0,473 GBP
Pound Sterling Swiss Franc 1 GBP = 2,425 CHF 1 CHF = 0,412 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,884 CAD 1 CAD = 1,131 AUD
Australian Dollar Swiss Franc 1 AUD = 1,014 CHF 1 CHF = 0,986 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,146 CHF 1 CHF = 0,873 CAD

See what else happened on May 31, 2007