Financial news on April 3rd, 2007

Business and Financial news
Aeroflot Surprises With Bid for Alitalia

If successful, Aeroflot’s bid for the Italian flag carrier would be its first large investment outside the former Soviet Union. Read more..

By ANDREW E. KRAMER and NICOLA CLARK - The New York Times

A New Owner Who Is Hedging His Bets

Taking Tribune private will ease quarterly earnings pressures, but operational challenges will remain. Read more..

By DAVID CARR - The New York Times

AT&T and Mexican Affiliate Seek Stake in Italian Company

AT&T and its Mexican affiliate, América Móvil, have bid more than $6 billion for control of Italy’s largest cellphone company, Telecom Italia. Read more..

By ERIC SYLVERS - The New York Times

Australia: Credit Checker Sold

Merrill Lynch & Company’s buyout fund and Pacific Equity Partners agreed to buy Veda Advantage, the biggest credit-checking company in Australia and New Zealand, for 814 million Australian dollars ($659 million). Veda, which is based in Sydney, sa... Read more..

By BLOOMBERG NEWS - The New York Times

Ex-Qwest Official Testifies on Stock Buyback

Joseph P. Nacchio called for a repurchase of $1 billion in company stock in 2001, a former Qwest president testified. Read more..

By BLOOMBERG NEWS - The New York Times

For Tribune Buyer, a Storm to the West

The Los Angeles Times, a problem for Tribune, may be even more of a challenge for its new owner, Samuel Zell. Read more..

By LAURA M. HOLSON and SHARON WAXMAN - The New York Times

Good to the Last Drop...of Milk

An offbeat new campaign reframes a familiar question by asking how far you might go if you don’t get milk. Read more..

By STUART ELLIOTT - The New York Times

Stuck in an Airplane and in an Overloaded System

More people and more airplanes are being squeezed into an infrastructure that wasn’t built to accommodate such a load. Read more..

By JOE SHARKEY - The New York Times

U.S. and South Korea in Landmark Trade Deal

The deal gives the U.S. a lift to its trade policy and South Korea a chance to reinvigorate its export economy. Read more..

By CHOE SANG-HUN - The New York Times

Verdict Backing Oil-Royalty Whistle-Blower Is Overturned

A federal judge overturned a verdict in favor of a whistle-blower at the Interior Department who charged that the Kerr-McGee Corporation cheated the government out of millions. Read more..

By EDMUND L. ANDREWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC19.2219.4019.1919.3153.3M
Cisco SystemsCSCO25.5426.0725.4425.8545.5M
MicrosoftMSFT27.8628.0627.7527.8739.8M
Oracle Corp.ORCL18.2318.4718.1718.3632.1M
PfizerPFE25.4525.7725.4025.6731.4M
General ElectricGE35.4235.6035.1735.3231M
AltriaMO68.9169.8068.7669.6528.1M
AT&T Inc.T39.7039.9039.5939.7424M
ExxonMobilXOM75.9976.9775.6376.8022.4M
AppleAAPL94.1495.2393.7694.5020.9M
ComcastCMCSA25.9626.3925.7526.2417.4M
Wal-Mart StoresWMT47.5148.2947.4748.1017.2M
Home DepotHD36.8937.7836.8037.6315.9M
Abbott LaboratoriesABT56.6056.7455.9856.6715.1M
JPMorgan ChaseJPM48.2548.5948.0948.5613.6M
ConocoPhillipsCOP67.6468.3367.2067.8413.5M
AlphabetGOOGL464.05474.25464.00472.6013M
Walt Disney & Co.DIS34.5735.1734.5234.9212.2M
Johnson & JohnsonJNJ60.4960.8760.2560.6412.1M
HP Inc.HPQ40.3540.9940.3440.8911.9M
Procter & GamblePG63.2263.4462.7462.9011.4M
Wells Fargo & Co.WFC34.1034.5534.1034.5111.2M
AmgenAMGN55.8356.2555.5955.7310.6M
Bristol-Myers SquibbBMY27.8527.9027.3627.5410.3M
Verizon CommunicationsVZ38.0638.2437.9538.129.57M
Coca-ColaKO48.5349.1548.5348.999.52M
ChevronCVX74.6175.5974.4775.349.36M
UnitedHealth GroupUNH54.1354.8554.0054.619.03M
MerckMRK45.2945.5745.0345.387.87M
SchlumbergerSLB70.5671.2070.0770.956.23M
AmazonAMZN40.4241.3840.4041.195.97M
McDonald'sMCD45.0045.3544.9445.265.78M
International Business MachinesIBM95.4596.2395.3396.105.73M
PepsicoPEP63.7063.8063.2763.405.59M
United TechnologiesUTX65.2365.5065.1165.274.35M
BoeingBA89.3290.2489.0989.903.93M
3MMMM76.5377.6176.4777.463.09M
Gilead SciencesGILD77.0378.0076.4077.902.82M
Union PacificUNP102.38103.43102.11103.101.38M
Berkshire HathawayBRK.B3608.003639.503605.003618.007.8K
Exchange Rates of April 3rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.940 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.159 CAD1 CAD = 0.863 USD
US DollarSwiss Franc1 USD = 1.223 CHF1 CHF = 0.818 USD
US DollarChinese Yuan1 USD = 7.732 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 158.570 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.482 EUR
EuroAustralian Dollar1 EUR = 1.639 AUD1 AUD = 0.610 EUR
EuroCanadian Dollar1 EUR = 1.544 CAD1 CAD = 0.648 EUR
EuroSwiss Franc1 EUR = 1.630 CHF1 CHF = 0.614 EUR
Japanese YenPound Sterling1 JPY = 0.425 GBP1 GBP = 2.351 JPY
Japanese YenAustralian Dollar1 JPY = 1.033 AUD1 AUD = 0.968 JPY
Japanese YenCanadian Dollar1 JPY = 0.973 CAD1 CAD = 1.027 JPY
Japanese YenSwiss Franc1 JPY = 1.027 CHF1 CHF = 0.973 JPY
Pound SterlingAustralian Dollar1 GBP = 2.428 AUD1 AUD = 0.412 GBP
Pound SterlingCanadian Dollar1 GBP = 2.287 CAD1 CAD = 0.437 GBP
Pound SterlingSwiss Franc1 GBP = 2.413 CHF1 CHF = 0.414 GBP
Australian DollarCanadian Dollar1 AUD = 0.942 CAD1 CAD = 1.062 AUD
Australian DollarSwiss Franc1 AUD = 0.994 CHF1 CHF = 1.006 AUD
Canadian DollarSwiss Franc1 CAD = 1.055 CHF1 CHF = 0.948 CAD

See what else happened on April 3rd, 2007