Financial news on March 07, 2006
Business and Financial news
Apollo’s public fund, Apollo Investment, had teething pains on its 2004 debut. It has since rebounded smartly and is planning to raise more equity. Yet so far, Apollo’s success hasn’t tempted imitators like KKR or Blackstone to launch similar funds. It might be time for a rethink, writes Antony Currie of BreakingViews. Go to Article […] Read more..
With $612.5 million coming in from the maker of the BlackBerry messaging device, patent holding company NTP has plenty of ammunition for its next move — whatever that may be. After paying the lawyers who helped it extract its settlement from Research in Motion, NTP may use its windfall to pursue an appeal at the […] Read more..
Cisco Systems is getting into the security surveillance market with the acquisition of a small company called SyPixx Networks. The networking giant is paying $51 million in cash and options for SyPixx, which has developed software and hardware products that allow existing analog video systems to operate as part of a digital IP network. Go […] Read more..
Dubai, already a tourism giant, wants to run United States ports and be the Wall Street of the Persian Gulf. Time magazine wonders: Isn’t that the American way? Go to Article from Time magazine » Homeland Security Secretary Michael Chertoff, weighed in on the proposed deal yesterday, saying a takeover of terminal operations at five […] Read more..
As General Atlantic moves toward putting a third of its capital to work in Asia, the private equity firm has led a $48 million investment in Beijing-based Internet company Oak Pacific Interactive. Go to Article from VentureWire Professional » Read more..
As it prepares to merge with Talbots, women’s apparel retailer J. Jill Group has filed a preliminary proxy statement that offers a blow-by-blow timeline of Liz Claiborne‘s long and ultimately failed attempt to buy the company. Though many reports said Liz Claiborne had been chasing J. Jill for two years before losing out to Talbots […] Read more..
Private equity firm TowerBrook Capital Partners, founded by senior executives from Soros Private Equity Partners, said it had closed its latest fund, TowerBrook Investors II LP, at $1.3 billion. TowerBrook, which spun out of Soros Private Equity in April with more than $1.3 billion under management at the time, is headed up by co-chief executives […] Read more..
Values are reported in US Dollars
|Johnson & Johnson||JNJ||57,53||58,31||57,53||58,22||9.56M|
|Walt Disney & Co.||DIS||27,88||28,06||27,75||28,01||7.85M|
|Procter & Gamble||PG||59,56||60,56||59,42||60,30||7.37M|
|Wells Fargo & Co.||WFC||63,72||64,62||63,45||64,49||5.25M|
|International Business Machines||IBM||79,86||80,79||79,86||80,29||4.33M|
Exchange Rates of March 07, 2006
|US Dollar||Japanese Yen||1 USD = 117,860 JPY||1 JPY = 0,008 USD|
|US Dollar||Canadian Dollar||1 USD = 1,150 CAD||1 CAD = 0,870 USD|
|US Dollar||Swiss Franc||1 USD = 1,313 CHF||1 CHF = 0,761 USD|
|US Dollar||Chinese Yuan||1 USD = 8,040 CNY||1 CNY = 0,124 USD|
|Euro||Japanese Yen||1 EUR = 140,080 JPY||1 JPY = 0,007 EUR|
|Euro||Pound Sterling||1 EUR = 0,685 GBP||1 GBP = 1,461 EUR|
|Euro||Australian Dollar||1 EUR = 1,620 AUD||1 AUD = 0,617 EUR|
|Euro||Canadian Dollar||1 EUR = 1,366 CAD||1 CAD = 0,732 EUR|
|Euro||Swiss Franc||1 EUR = 1,561 CHF||1 CHF = 0,641 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2,366 AUD||1 AUD = 0,423 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1,996 CAD||1 CAD = 0,501 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2,280 CHF||1 CHF = 0,439 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0,843 CAD||1 CAD = 1,186 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,963 CHF||1 CHF = 1,038 AUD|