Financial news on March 08, 2007

Business and Financial news
2 Big Issuers to Ease Some Card Penalties

JPMorgan Chase & Company and Citigroup said they were changing some cardholder rates and fees that lawmakers say unfairly hurt consumers. Read more..

By BLOOMBERG NEWS - The New York Times

Board Chairman Quits Giant French Retailer; 2 Investors Buy Stakes

The resignation fueled speculation of a shift in strategy at Carrefour, which is struggling to meet fierce competition at home and abroad. Read more..

By JULIA WERDIGIER - The New York Times

Drug Manager Raises Its Bid for Caremark but Sees Delay

Express Scripts sweetened its $26.1 billion offer for Caremark Rx, but cautioned that the bid would be delayed by regulatory scrutiny. Read more..

By MICHAEL J. de la MERCED - The New York Times

EBay’s Founder Selects Philanthropy Director

Pierre Omidyar named a new leader for his personal philanthropy as he explores ways to play a bigger role in shaping public policy. Read more..

By STEPHANIE STROM - The New York Times

In Policy Shift, C-Span Clears Some Clips for Web Use

The decision to change its copyright policy covers about 50 percent of its material. Read more..

By NOAM COHEN - The New York Times

Now, When You’re on Hold, You Can Choose the Music

Most music phones so far have been an amalgam of two disparate technologies, but the Nokia 5300 XpressMusic may be on the verge of getting it right. Read more..

By JOHN BIGGS - The New York Times

Paul Secon, 91, Who Helped Found Pottery Barn Chain, Dies

Paul Secon loaded the family station wagon in 1949 with ceramics, drove to Manhattan and opened the first Pottery Barn store. Read more..

By DENNIS HEVESI - The New York Times

University Fund Manager to Join Firm

Robert Boldt, who managed the $19 billion endowment of the University of Texas, is planning to join Perella Weinberg Partners. Read more..

By THE NEW YORK TIMES - The New York Times

U.S. Accuses Walgreen of Racial Bias

A class-action lawsuit said the nation’s largest drugstore chain discriminated against thousands of black employees. Read more..

By BARRY MEIER - The New York Times

With Coal Plans Cut Back, Texas Faces Energy Gap

TXU Corporation’s decision to scrap plans for eight new coal-fired plants could leave Texas with a shortfall in energy. Read more..

By CLIFFORD KRAUSS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 27.72 27.85 26.60 27.32 72.2M
Intel INTC 19.28 19.32 19.16 19.23 46.5M
Cisco Systems CSCO 26.17 26.43 26.07 26.15 43.9M
Oracle Corp. ORCL 16.70 16.92 16.63 16.69 30.5M
Pfizer PFE 25.41 25.52 25.31 25.41 30.2M
General Electric GE 34.52 34.64 34.35 34.45 29.1M
ExxonMobil XOM 71.90 72.18 71.20 71.85 27.4M
AT&T Inc. T 35.94 36.71 35.80 36.51 20.6M
Wal-Mart Stores WMT 47.79 48.15 47.38 47.88 20.4M
Apple AAPL 88.59 88.72 87.46 88.00 18.3M
Abbott Laboratories ABT 52.69 53.57 52.38 53.40 16.6M
Johnson & Johnson JNJ 62.00 62.25 61.65 61.72 14.7M
HP Inc. HPQ 40.50 40.52 40.15 40.27 13.4M
Verizon Communications VZ 36.10 36.62 35.84 36.48 13.4M
Comcast CMCSA 26.01 26.16 25.82 26.03 13.3M
ConocoPhillips COP 67.80 68.14 67.23 67.57 13.2M
JPMorgan Chase JPM 48.79 49.35 48.62 48.74 12M
Home Depot HD 38.84 39.12 38.73 38.80 11.7M
Altria MO 85.64 86.25 85.24 85.96 11.3M
Amgen AMGN 62.21 62.41 61.63 62.17 11.1M
Chevron CVX 68.95 69.06 67.99 68.46 10.8M
Alphabet GOOGL 459.22 465.50 454.10 454.72 10.7M
Wells Fargo & Co. WFC 34.62 34.78 34.45 34.51 9.77M
Procter & Gamble PG 62.29 62.48 61.87 62.31 9M
Coca-Cola KO 46.90 47.36 46.89 47.15 8.71M
Merck MRK 43.98 44.39 43.98 44.36 8.37M
Walt Disney & Co. DIS 34.62 34.83 34.40 34.69 8.29M
Schlumberger SLB 65.50 66.00 64.92 65.68 8.21M
Amazon AMZN 38.77 39.22 37.98 38.10 7.63M
International Business Machines IBM 94.25 94.82 92.52 93.00 7.4M
Bristol-Myers Squibb BMY 27.22 27.32 27.05 27.16 6.88M
McDonald's MCD 44.00 44.16 43.40 43.64 6.85M
UnitedHealth Group UNH 54.17 54.25 53.11 53.33 6.04M
Pepsico PEP 63.00 63.24 62.57 63.05 5.17M
3M MMM 74.03 75.15 74.00 74.52 3.82M
Gilead Sciences GILD 70.62 70.97 69.80 70.06 3.15M
Boeing BA 88.98 89.67 88.61 88.89 2.81M
United Technologies UTX 64.61 64.89 64.41 64.56 2.45M
Union Pacific UNP 98.00 99.86 98.00 99.08 2.35M
Berkshire Hathaway BRK.B 3604.00 3633.00 3602.00 3633.00 11K
Exchange Rates of March 08, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.150 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.180 CAD 1 CAD = 0.847 USD
US Dollar Swiss Franc 1 USD = 1.228 CHF 1 CHF = 0.815 USD
US Dollar Chinese Yuan 1 USD = 7.740 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 153.820 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.469 EUR
Euro Australian Dollar 1 EUR = 1.689 AUD 1 AUD = 0.592 EUR
Euro Canadian Dollar 1 EUR = 1.549 CAD 1 CAD = 0.645 EUR
Euro Swiss Franc 1 EUR = 1.612 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.442 GBP 1 GBP = 2.261 JPY
Japanese Yen Australian Dollar 1 JPY = 1.097 AUD 1 AUD = 0.911 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.007 CAD 1 CAD = 0.993 JPY
Japanese Yen Swiss Franc 1 JPY = 1.048 CHF 1 CHF = 0.954 JPY
Pound Sterling Australian Dollar 1 GBP = 2.481 AUD 1 AUD = 0.403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.276 CAD 1 CAD = 0.439 GBP
Pound Sterling Swiss Franc 1 GBP = 2.367 CHF 1 CHF = 0.422 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.917 CAD 1 CAD = 1.091 AUD
Australian Dollar Swiss Franc 1 AUD = 0.954 CHF 1 CHF = 1.048 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.040 CHF 1 CHF = 0.962 CAD

See what else happened on March 08, 2007