Financial news on March 06, 2007

Business and Financial news
A.M.D. Says Pricing Battle May Affect Its Revenue Goal

As the price war with Intel continued to take its toll, shares of Advanced Micro Devices fell 23 cents, or 1.6 percent. Read more..

By LAURIE J. FLYNN - The New York Times

AT&T Investors Will Have Their Say

AT&T is among a group of companies that have tried to stonewall say-on-pay proposals from shareholders. Read more..


Chief Says Chrysler Unit May Be Sold

Speaking in Geneva, the chief executive of DaimlerChrysler said the all options were open for the Chrysler Group’s financing arm. Read more..

By DOW JONES - The New York Times

Critics of Lending Practices Adopt a Harder Edge

A coalition of organizations plans to introduce a marketing campaign comparing the effects of so-called unfair lending practices with the havoc wreaked by natural disasters. Read more..

By STUART ELLIOTT - The New York Times

In Florida, a Company Finds a New Way to Sell Hurricane Insurance

As most big insurers cut back coverage, one businessman is using a nonprofit model for well-off customers. Read more..

By JOSEPH B. TREASTER - The New York Times

Rethinking the Banquet Menu

With budgets tight, conference planners are feeling squeezed as they try to balance rising food and labor costs with increasingly sophisticated palates. Read more..

By KARLA COOK - The New York Times

Subprime Lender Under Inquiry Puts Some Workers on Leave

The Fremont General Corporation put some of its staff on paid leave “pending further information” and said it would stop offering subprime mortgages. Read more..

By BLOOMBERG NEWS - The New York Times

Venture Capitalists Move From Web to Algae

Investors are searching for a holy grail that symbolizes wealth in both profits and what’s good for the environment. Read more..

By CLIFFORD KRAUSS - The New York Times

Wal-Mart Says Worker Taped Reporter’s Calls

A computer systems technician secretly taped calls with a reporter for The Times, a spokeswoman said. Read more..

By JULIE CRESWELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.7926.0725.7025.9651.8M
Oracle Corp.ORCL16.5216.9216.4916.8838.3M
General ElectricGE34.7334.8434.5234.7234M
AT&T Inc.T35.8936.1835.6636.0023.3M
Abbott LaboratoriesABT53.0053.0852.3752.8720.5M
Johnson & JohnsonJNJ62.1562.2261.3761.7019.2M
HP Inc.HPQ39.0439.8139.0239.4318.6M
JPMorgan ChaseJPM47.9748.6847.4348.5217.8M
Home DepotHD38.5739.0238.4338.8017.5M
Verizon CommunicationsVZ36.5436.7036.1936.4815.1M
Wal-Mart StoresWMT47.8448.2947.7548.0414.9M
Wells Fargo & Co.WFC34.4534.7534.2034.6614.5M
UnitedHealth GroupUNH54.3754.5053.5453.9813.3M
Procter & GamblePG62.8263.0762.4562.9412M
Walt Disney & Co.DIS33.8534.5533.7534.3711.5M
Bristol-Myers SquibbBMY26.4927.0126.4027.019.46M
International Business MachinesIBM92.4093.8992.2693.809.18M
United TechnologiesUTX63.8364.2763.6064.184.86M
Gilead SciencesGILD70.3571.2269.5970.724.48M
Union PacificUNP96.1297.3495.9796.212.73M
Berkshire HathawayBRK.B3588.003592.003560.003576.0012.3K
Exchange Rates of March 06, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.600 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.176 CAD1 CAD = 0.850 USD
US DollarSwiss Franc1 USD = 1.223 CHF1 CHF = 0.818 USD
US DollarChinese Yuan1 USD = 7.742 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 153.070 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.680 GBP1 GBP = 1.471 EUR
EuroAustralian Dollar1 EUR = 1.694 AUD1 AUD = 0.590 EUR
EuroCanadian Dollar1 EUR = 1.544 CAD1 CAD = 0.648 EUR
EuroSwiss Franc1 EUR = 1.606 CHF1 CHF = 0.623 EUR
Japanese YenPound Sterling1 JPY = 0.444 GBP1 GBP = 2.254 JPY
Japanese YenAustralian Dollar1 JPY = 1.106 AUD1 AUD = 0.904 JPY
Japanese YenCanadian Dollar1 JPY = 1.009 CAD1 CAD = 0.992 JPY
Japanese YenSwiss Franc1 JPY = 1.049 CHF1 CHF = 0.953 JPY
Pound SterlingAustralian Dollar1 GBP = 2.492 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.272 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.362 CHF1 CHF = 0.423 GBP
Australian DollarCanadian Dollar1 AUD = 0.911 CAD1 CAD = 1.097 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Canadian DollarSwiss Franc1 CAD = 1.039 CHF1 CHF = 0.962 CAD

See what else happened on March 06, 2007