Financial news on March 07, 2006

Business and Financial news
Apollo Investment’s Success Spawns Few Followers

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..

By WRITER - The New York Times

Armed With BlackBerry Bounty, Will NTP Sue Again?

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..

By DEALBOOK - The New York Times

Cisco Picks Up Video Surveillance Firm

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..

By WRITER - The New York Times

Dubai Deals in the American Way

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..

By WRITER - The New York Times

General Atlantic Leads Fundraising for Chinese Internet Firm

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..

By WRITER - The New York Times

How J. Jill Was Lost: Liz Claiborne’s Four-Year Saga

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..

By DEALBOOK - The New York Times

Soros Spinoff Raises $1.3 Billion Fund

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..

By WRITER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.11 20.20 19.83 20.06 90.7M
Microsoft MSFT 26.87 27.10 26.81 27.06 51.6M
Cisco Systems CSCO 20.92 20.98 20.68 20.87 47.5M
AT&T Inc. T 27.02 27.02 26.11 26.53 40.7M
Oracle Corp. ORCL 12.76 12.92 12.72 12.88 36.2M
Apple AAPL 65.76 66.90 65.08 66.31 31.2M
Pfizer PFE 26.04 26.27 25.82 26.19 22.8M
General Electric GE 33.04 33.24 33.01 33.15 21.7M
Alphabet GOOGL 364.42 368.45 358.15 364.45 20.7M
ExxonMobil XOM 59.88 60.02 59.45 59.85 18.7M
Comcast CMCSA 27.03 27.06 26.49 26.76 12.5M
ConocoPhillips COP 60.40 60.45 59.00 59.48 12.1M
Wal-Mart Stores WMT 45.19 45.36 45.05 45.27 11.2M
Chevron CVX 55.22 55.94 54.95 55.32 10.8M
HP Inc. HPQ 32.72 33.13 32.65 32.96 10.5M
Johnson & Johnson JNJ 57.53 58.31 57.53 58.22 9.56M
JPMorgan Chase JPM 41.24 41.66 41.02 41.48 9.44M
Verizon Communications VZ 33.73 33.77 33.28 33.51 8.06M
McDonald's MCD 34.55 34.78 34.43 34.64 7.94M
Walt Disney & Co. DIS 27.88 28.06 27.75 28.01 7.85M
Abbott Laboratories ABT 43.49 43.82 43.02 43.53 7.71M
Schlumberger SLB 117.00 117.10 114.20 114.85 7.38M
Procter & Gamble PG 59.56 60.56 59.42 60.30 7.37M
Bristol-Myers Squibb BMY 22.81 22.92 22.53 22.59 6.86M
Amgen AMGN 73.47 74.25 73.31 73.79 6.7M
UnitedHealth Group UNH 56.22 57.32 56.10 56.42 6.31M
Altria MO 71.50 72.25 71.47 71.79 6.16M
Home Depot HD 41.65 41.66 41.26 41.37 5.71M
Coca-Cola KO 41.95 42.04 41.70 41.80 5.62M
Merck MRK 34.96 35.00 34.68 34.90 5.51M
Wells Fargo & Co. WFC 63.72 64.62 63.45 64.49 5.25M
Amazon AMZN 36.84 37.42 36.70 36.93 4.72M
International Business Machines IBM 79.86 80.79 79.86 80.29 4.33M
Pepsico PEP 59.47 59.83 59.46 59.50 4.04M
United Technologies UTX 57.65 58.44 57.26 57.75 3.04M
3M MMM 71.80 72.34 71.33 72.27 2.95M
Gilead Sciences GILD 59.30 59.77 58.59 59.09 2.48M
Boeing BA 72.66 73.23 72.37 73.16 1.92M
Union Pacific UNP 88.38 88.39 85.80 86.93 1.4M
Berkshire Hathaway BRK.B 2934.00 2947.00 2923.50 2940.00 22.4K
Exchange Rates of March 07, 2006
CurrenciesExchange Rates
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

See what else happened on March 07, 2006