Financial news on March 9th, 2007

Business and Financial news
Award Honorees Describe How They Hope to Improve the World

Former President Bill Clinton is among the winners of the annual TED prize, named for the confluence of technology, entertainment and design. Read more..

By SAUL HANSELL - The New York Times

China Nears Passage of Landmark Property Law

Two pieces of legislation are intended to protect private wealth and create a more coherent tax code. Read more..

By JIM YARDLEY - The New York Times

Court Orders Vonage to Pay $58 Million in Patent Case

A jury ruled that Vonage violated three Verizon patents, dealing a blow to a company already showing signs of stress. Read more..

By LAURIE J. FLYNN - The New York Times

Japan: Key Indicator Improved in January

Japan’s machinery orders rose in January, the most in five months, signaling that capital spending will keep fueling the economy. Nongovernment machinery orders, excluding shipping and utilities, rose a seasonally adjusted 3.9 percent, to 1.09 tri... Read more..

By BLOOMBERG NEWS - The New York Times

Lender Stops Accepting Mortgage Applications

New Century Financial stopped accepting new loan applications as it tried to negotiate terms with banks that had cut off its access to billions in funds. Read more..


Microsoft in First Technology License Deal

Microsoft said it had signed its first agreement to license its technology, almost three years after European Union antitrust regulators ordered the software company to share data to increase competition. Microsoft said the deal, with Quest Softwa... Read more..

By THOMAS CRAMPTON - The New York Times

Output Falling in Oil-Rich Mexico, and Politics Gets the Blame

Pemex, Mexico’s oil monopoly, is struggling, with falling production and reserves and no money to reverse the slide. Read more..

By ELISABETH MALKIN - The New York Times

Saturn Goes Back to Warm and Fuzzy

Hoping to revive the warmth the brand once evoked, Saturn is lending owners of its Aura model a Car of the Year trophy. Read more..

By STUART ELLIOTT - The New York Times

The Man Who May Become the Richest Rothschild

Nathaniel Rothschild has parlayed his family’s name and private equity investments into a fortune that is approaching $1 billion. Read more..

By LANDON THOMAS Jr - The New York Times

U.S. and South Korea Restart Talks on Free-Trade Pact

Seoul said it would resume American beef imports, but South Korean farmers still want rice to be excluded from any agreement. Read more..

By CHOE SANG-HUN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.4226.4925.9426.0839.3M
General ElectricGE34.6034.6434.2234.3234.2M
Oracle Corp.ORCL16.8116.9516.5716.6324.2M
Abbott LaboratoriesABT53.9554.4653.7554.3921.9M
HP Inc.HPQ40.4240.5239.5240.0317.4M
AT&T Inc.T36.7036.8936.3536.5514.7M
Wal-Mart StoresWMT48.0248.1347.1547.4214M
Verizon CommunicationsVZ36.7036.7036.2536.4512.6M
Home DepotHD39.1539.1738.4938.6712M
Walt Disney & Co.DIS34.8734.9034.2834.3711.6M
Wells Fargo & Co.WFC34.7834.8434.4834.5010.9M
Johnson & JohnsonJNJ62.1862.3161.9462.1410M
JPMorgan ChaseJPM49.1249.3548.5348.829.45M
Procter & GamblePG62.5062.7062.0062.169.19M
International Business MachinesIBM93.4894.0092.8293.286.33M
Bristol-Myers SquibbBMY27.4027.4126.9026.926.01M
UnitedHealth GroupUNH53.5053.8052.8453.004.79M
Gilead SciencesGILD70.7770.9569.7570.262.94M
United TechnologiesUTX64.8065.0064.1864.502.56M
Union PacificUNP99.80100.5098.5098.741.64M
Berkshire HathawayBRK.B3640.003658.003633.003646.0010.6K
Exchange Rates of March 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.320 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.172 CAD1 CAD = 0.853 USD
US DollarSwiss Franc1 USD = 1.235 CHF1 CHF = 0.810 USD
US DollarChinese Yuan1 USD = 7.744 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 155.160 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.473 EUR
EuroAustralian Dollar1 EUR = 1.681 AUD1 AUD = 0.595 EUR
EuroCanadian Dollar1 EUR = 1.537 CAD1 CAD = 0.651 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.437 GBP1 GBP = 2.287 JPY
Japanese YenAustralian Dollar1 JPY = 1.083 AUD1 AUD = 0.924 JPY
Japanese YenCanadian Dollar1 JPY = 0.990 CAD1 CAD = 1.010 JPY
Japanese YenSwiss Franc1 JPY = 1.043 CHF1 CHF = 0.958 JPY
Pound SterlingAustralian Dollar1 GBP = 2.476 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.265 CAD1 CAD = 0.442 GBP
Pound SterlingSwiss Franc1 GBP = 2.385 CHF1 CHF = 0.419 GBP
Australian DollarCanadian Dollar1 AUD = 0.914 CAD1 CAD = 1.094 AUD
Australian DollarSwiss Franc1 AUD = 0.963 CHF1 CHF = 1.039 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.950 CAD

See what else happened on March 9th, 2007