Financial news on April 4th, 2007

Business and Financial news
Australian Group Buys Canadian Casinos

Publishing & Broadcasting, which is owned by James D. Packer, agreed to buy casinos in Canada for $1.2 billion. Read more..

By BLOOMBERG NEWS - The New York Times

Britain: Wireless Unit Is Acquired

The Macquarie Communications Infrastructure Group agreed to buy the British wireless network division of National Grid for £2.5 billion ($4.93 billion) and combine the unit with its Arqiva broadcast business. National Grid, owner of the power and ... Read more..

By BLOOMBERG NEWS - The New York Times

Central Bank Leaves Interest Rate Unchanged

Australia’s central bank kept its benchmark interest rate unchanged at a six-year high, giving policy makers time to study an inflation report later this month that may prompt an increase. The governor of the Reserve Bank of Australia left the ove... Read more..

By BLOOMBERG NEWS - The New York Times

India’s Edge Goes Beyond Outsourcing

The outsourcing of jobs to countries like India has increasingly included the jobs of Western white-collar elites. Read more..


Neal Shine, 76, Former Publisher, Dies

The former publisher and editor of The Detroit Free Press played important roles as the newspaper won major awards. Read more..

By JEREMY W. PETERS - The New York Times

News Corp. Shareholders Accept Liberty Deal

The $11 billion asset swap increases Rupert Murdoch’s control over the company and transfers the DirecTV Group to Liberty Media. Read more..

By BLOOMBERG NEWS - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

U.S. Inquiry Into Bid to Suppress a Generic Plavix

Bristol-Myers Squibb and Sanofi-Aventis have received demands from regulators for documents related to an unsuccessful bid last year to delay generic competition to the blood thinner Plavix. Read more..

By BLOOMBERG NEWS - The New York Times

U.S. Sues Man It Accuses of Selling a Tax Scheme

The Justice Department said the followers of an antitax advocate have used a tax scheme that he sells to avoid paying $21 million of income taxes. Read more..

By DAVID CAY JOHNSTON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25,9526,2225,8826,1039.9M
General ElectricGE35,3735,3835,0735,1134.7M
Oracle Corp.ORCL18,3518,5718,3318,5623.4M
AT&T Inc.T39,7439,7639,2239,2320.5M
Home DepotHD37,6138,2637,5438,1119.2M
Johnson & JohnsonJNJ60,7161,3560,5561,2913M
HP Inc.HPQ41,0041,1240,7541,1012.5M
Wal-Mart StoresWMT48,0048,3247,9048,0511M
Abbott LaboratoriesABT56,6156,9656,1256,2910.4M
Verizon CommunicationsVZ38,1138,2537,8138,0210.3M
Walt Disney & Co.DIS34,8234,8734,4434,6410M
Procter & GamblePG63,1063,2562,8563,059.73M
JPMorgan ChaseJPM48,5648,7148,2748,569.16M
Wells Fargo & Co.WFC34,5534,5534,3034,348.78M
UnitedHealth GroupUNH54,6155,4054,4055,068.71M
United TechnologiesUTX65,4865,5464,6464,937.15M
Bristol-Myers SquibbBMY27,6027,8827,5527,785.13M
International Business MachinesIBM95,8096,4595,5796,214.28M
Gilead SciencesGILD77,9878,2577,4077,943.06M
Union PacificUNP103,49103,89102,86103,021.18M
Berkshire HathawayBRK.B3618,003629,003605,003629,004.8K
Exchange Rates of April 4th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118,700 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,159 CAD1 CAD = 0,863 USD
US DollarSwiss Franc1 USD = 1,220 CHF1 CHF = 0,820 USD
US DollarChinese Yuan1 USD = 7,735 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 158,700 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,676 GBP1 GBP = 1,479 EUR
EuroAustralian Dollar1 EUR = 1,632 AUD1 AUD = 0,613 EUR
EuroCanadian Dollar1 EUR = 1,550 CAD1 CAD = 0,645 EUR
EuroSwiss Franc1 EUR = 1,631 CHF1 CHF = 0,613 EUR
Japanese YenPound Sterling1 JPY = 0,426 GBP1 GBP = 2,347 JPY
Japanese YenAustralian Dollar1 JPY = 1,028 AUD1 AUD = 0,973 JPY
Japanese YenCanadian Dollar1 JPY = 0,976 CAD1 CAD = 1,024 JPY
Japanese YenSwiss Franc1 JPY = 1,027 CHF1 CHF = 0,973 JPY
Pound SterlingAustralian Dollar1 GBP = 2,412 AUD1 AUD = 0,415 GBP
Pound SterlingCanadian Dollar1 GBP = 2,291 CAD1 CAD = 0,437 GBP
Pound SterlingSwiss Franc1 GBP = 2,410 CHF1 CHF = 0,415 GBP
Australian DollarCanadian Dollar1 AUD = 0,949 CAD1 CAD = 1,054 AUD
Australian DollarSwiss Franc1 AUD = 0,999 CHF1 CHF = 1,001 AUD
Canadian DollarSwiss Franc1 CAD = 1,052 CHF1 CHF = 0,951 CAD

See what else happened on April 4th, 2007