Financial news on March 01, 2007

Business and Financial news
Charles Forte, Who Founded a Hotel Empire, Dies at 98

Charles Forte was the owner of a hotel and restaurant empire that ranged from the Waldorf Hotel in London to the budget chain Travelodge. Read more..

By JULIA WERDIGIER - The New York Times

Chinese Shrug Off Losses as Market Swings Back

While China’s markets rebounded, markets around Asia fell in reaction to the sharp drop on Wall Street and to disappointing figures on the U.S. economy. Read more..

By DAVID BARBOZA and KEITH BRADSHER - The New York Times

Commerce Department Says U.S. Economy Is Weaker Than Expected

The economy inched ahead by 2.2 percent in the fourth quarter of last year, down sharply from the government’s prior estimate of 3.5 percent. Read more..

By EDUARDO PORTER - The New York Times

Investment Bill Moves

The House of Representatives voted to revise rules for foreign investments in the U.S., seeking to make them clearer for businesses while preserving national security. Read more..

By BLOOMBERG NEWS - The New York Times

Judge Is Urged to Back Deal on Hurricane Damage Claims

A lawyer who helped engineer a settlement with State Farm argued that the deal should be approved because it could give millions to victims of Hurricane Katrina by the end of the year. Read more..

By JOSEPH B. TREASTER - The New York Times

Sirius Chief Talks of Ways to Get XM Deal Approved

Mel Karmazin said the companies would agree to price controls and other measures to gain regulatory approval for the deal. Read more..

By STEPHEN LABATON - The New York Times

Soothing Words and a Stock Market Rebound

Stocks rose modestly Wednesday, but concerns over Wall Street’s bet on subprime loans have not gone away. Read more..

By JENNY ANDERSON and VIKAS BAJAJ - The New York Times

Taking Work Home From the Office as Electronic Documents, Without That Nagging Sense of Insecurity

If your work involves sensitive electronic documents, an ounce of prevention may come in Verbatim’s new Store ’n’ Go Corporate Secure U.S.B. drives. Read more..

By STEPHEN C. MILLER - The New York Times

With Anchors Still Settling In, NBC Feels Pressure at the Top

NBC plans to replace the executive producer of the “Nightly News With Brian Williams,” after a ratings loss. Read more..

By BILL CARTER and JACQUES STEINBERG - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC19.5219.8019.3419.59108M
Oracle Corp.ORCL16.1117.0415.9716.7781.6M
MicrosoftMSFT27.8228.3327.7328.0980.2M
Cisco SystemsCSCO25.4026.2525.0725.8570.3M
PfizerPFE24.9225.2224.5525.0454.3M
AppleAAPL84.0388.3183.7587.0650.6M
ExxonMobilXOM70.6372.0870.0570.9939.5M
AmgenAMGN62.4062.8961.4161.7038.3M
AT&T Inc.T36.2536.9835.7536.7125.3M
ComcastCMCSA25.1125.9424.7325.5425M
General ElectricGE34.6835.2234.3235.0024.5M
JPMorgan ChaseJPM48.5349.4448.3049.2022.6M
HP Inc.HPQ38.6539.4038.1538.9322.5M
Home DepotHD39.1739.6538.6639.4521.1M
Abbott LaboratoriesABT53.7554.7053.4353.7820.9M
Wal-Mart StoresWMT47.8048.2047.1947.8920.5M
ConocoPhillipsCOP64.6566.3463.7765.9518.9M
Wells Fargo & Co.WFC34.5034.9134.2134.6618.6M
AlphabetGOOGL442.67452.42440.00448.2317.4M
Verizon CommunicationsVZ37.0037.3936.4137.1016M
Johnson & JohnsonJNJ62.3062.9361.7562.4514.6M
ChevronCVX67.3268.5264.9967.6014.2M
Walt Disney & Co.DIS33.7034.5033.5334.3913.9M
Coca-ColaKO46.4246.9346.2746.5213.7M
AltriaMO83.5284.8883.0584.3413.7M
International Business MachinesIBM90.2593.0588.7792.2712.9M
MerckMRK44.0044.4843.5143.9912.6M
Bristol-Myers SquibbBMY26.2526.9326.0026.6411.6M
Procter & GamblePG63.0564.1262.7563.6811.2M
SchlumbergerSLB62.0164.0061.8163.4211.1M
McDonald'sMCD43.4044.4442.9444.1010.7M
AmazonAMZN39.3239.3238.0538.859.26M
PepsicoPEP62.7563.7262.5063.438.97M
UnitedHealth GroupUNH51.9953.2051.2452.748.7M
Gilead SciencesGILD70.2571.5969.1070.597.73M
United TechnologiesUTX64.6865.3364.0765.127.02M
BoeingBA86.6088.8085.9187.855.15M
3MMMM74.0074.0173.0273.664.47M
Union PacificUNP97.5099.5296.7498.893.02M
Berkshire HathawayBRK.B3514.003573.003493.003554.0016K
Exchange Rates of March 01, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.540 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.173 CAD1 CAD = 0.853 USD
US DollarSwiss Franc1 USD = 1.222 CHF1 CHF = 0.819 USD
US DollarChinese Yuan1 USD = 7.743 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 155.020 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.673 GBP1 GBP = 1.485 EUR
EuroAustralian Dollar1 EUR = 1.680 AUD1 AUD = 0.595 EUR
EuroCanadian Dollar1 EUR = 1.546 CAD1 CAD = 0.647 EUR
EuroSwiss Franc1 EUR = 1.611 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.434 GBP1 GBP = 2.305 JPY
Japanese YenAustralian Dollar1 JPY = 1.084 AUD1 AUD = 0.923 JPY
Japanese YenCanadian Dollar1 JPY = 0.997 CAD1 CAD = 1.003 JPY
Japanese YenSwiss Franc1 JPY = 1.039 CHF1 CHF = 0.963 JPY
Pound SterlingAustralian Dollar1 GBP = 2.496 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.296 CAD1 CAD = 0.436 GBP
Pound SterlingSwiss Franc1 GBP = 2.392 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.919 CAD1 CAD = 1.088 AUD
Australian DollarSwiss Franc1 AUD = 0.958 CHF1 CHF = 1.044 AUD
Canadian DollarSwiss Franc1 CAD = 1.042 CHF1 CHF = 0.960 CAD

See what else happened on March 01, 2007