Financial news on April 10, 2007

Business and Financial news
2nd Group Urges Withholding Times Co. Vote

A second corporate advisory firm is urging shareholders of The New York Times Company to withhold their votes for directors at the company’s annual meeting this month. Read more..

By LANDON THOMAS Jr - The New York Times

A.M.D. Plans to Cut Back on Spending and Hiring

The chipmaker, whose forecast was well below Wall Street’s expectations, announced a restructuring to lower costs. Read more..

By DAMON DARLIN - The New York Times

Bankruptcy Trustee Opposes New Century’s Sale of Mortgages

New Century Financial should not be allowed to sell $50 million worth of mortgages to a subsidiary of the Royal Bank of Scotland, a U.S. trustee said. Read more..

By BLOOMBERG NEWS - The New York Times

Defaults Rise in Next Level of Mortgages

American Home Mortgage said it would pay out a smaller dividend because it was being asked to buy back and write down certain loans. Read more..

By VIKAS BAJAJ - The New York Times

High Stakes: Chávez Plays the Oil Card

A showdown between President Hugo Chávez and U.S. and European companies over key oil projects could wind up with all sides losing. Read more..

By SIMON ROMERO and CLIFFORD KRAUSS - The New York Times

Memo Pad

MAKING MONEY AGAIN After six consecutive years of losses, the global commercial aviation system is expected to post an overall profit of $3.8 billion this year and an estimated $7.6 billion profit next year, the International Air Transport Associa... Read more..

By JOE SHARKEY - The New York Times

Report of Talk to Take Over Bell Canada

The $45 billion takeover bid from a consortium led by a Canadian pension fund would be the largest buyout in history. Read more..

By ANDREW ROSS SORKIN and IAN AUSTEN - The New York Times

Tax Bites on Travelers Go Deeper

Travel companies and trade associations are protesting the growing cost of taxes, many of them financing initiatives that have nothing to do with travel. Read more..

By SUSAN STELLIN - The New York Times

The Run-for-a-Flight Treadmill

Business travel has forced me to get into shape. I can go the distance, with barely a hitch in my breath, as I try to make my flights. Read more..

By ANDREW FIELD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC20.1020.7420.0720.6894.8M
MicrosoftMSFT28.5028.6428.2228.4038.6M
Cisco SystemsCSCO26.1026.1825.7825.9938.6M
General ElectricGE34.7634.9934.7534.8829.3M
PfizerPFE25.8926.1625.8926.0027.7M
Oracle Corp.ORCL18.7818.8818.6818.8524.4M
ExxonMobilXOM76.8077.8576.7577.5718.7M
ConocoPhillipsCOP68.8769.8068.6869.4515.9M
HP Inc.HPQ41.1641.8840.3540.7215.3M
AT&T Inc.T39.3239.5139.0139.4513.9M
Coca-ColaKO49.7850.3149.6550.0813.2M
AppleAAPL93.6794.2693.4194.2512.6M
ComcastCMCSA26.3026.7926.2926.7112.4M
AmgenAMGN57.3657.6756.6657.1212M
Abbott LaboratoriesABT57.2157.3356.9057.0611.6M
Home DepotHD38.0938.5538.0338.2311M
AltriaMO70.3070.5070.1070.1610.9M
Wells Fargo & Co.WFC34.3934.4834.2934.4110.9M
Wal-Mart StoresWMT48.3148.4547.9447.949.75M
Johnson & JohnsonJNJ61.5461.8761.4661.679.14M
ChevronCVX75.7977.2275.6577.048.83M
United TechnologiesUTX64.9565.1064.2364.458.32M
UnitedHealth GroupUNH54.8555.0953.9154.248.31M
SchlumbergerSLB71.6473.1971.5973.138.29M
JPMorgan ChaseJPM49.0149.3448.9849.248.2M
Verizon CommunicationsVZ38.0038.1937.6237.807.84M
Walt Disney & Co.DIS34.7935.0334.7634.997.6M
Bristol-Myers SquibbBMY27.5027.8527.4627.797.04M
MerckMRK45.7045.9945.5245.866.58M
Procter & GamblePG63.2463.5463.1163.216.55M
PepsicoPEP62.9563.4662.8763.416.45M
AlphabetGOOGL467.09470.79465.16466.505.95M
McDonald'sMCD46.2746.4246.0646.315.56M
Gilead SciencesGILD77.4578.5077.0277.284.22M
International Business MachinesIBM96.4096.8096.1696.463.6M
AmazonAMZN41.5741.9641.4641.863.42M
BoeingBA89.9590.8789.9590.842.86M
Union PacificUNP106.90108.15106.25107.512.39M
3MMMM76.8877.0076.4276.502.15M
Berkshire HathawayBRK.B3637.003667.003633.003665.008.8K
Exchange Rates of April 10, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.050 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.147 CAD1 CAD = 0.872 USD
US DollarSwiss Franc1 USD = 1.217 CHF1 CHF = 0.822 USD
US DollarChinese Yuan1 USD = 7.734 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 159.990 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.681 GBP1 GBP = 1.468 EUR
EuroAustralian Dollar1 EUR = 1.625 AUD1 AUD = 0.615 EUR
EuroCanadian Dollar1 EUR = 1.541 CAD1 CAD = 0.649 EUR
EuroSwiss Franc1 EUR = 1.635 CHF1 CHF = 0.612 EUR
Japanese YenPound Sterling1 JPY = 0.426 GBP1 GBP = 2.350 JPY
Japanese YenAustralian Dollar1 JPY = 1.015 AUD1 AUD = 0.985 JPY
Japanese YenCanadian Dollar1 JPY = 0.963 CAD1 CAD = 1.038 JPY
Japanese YenSwiss Franc1 JPY = 1.022 CHF1 CHF = 0.979 JPY
Pound SterlingAustralian Dollar1 GBP = 2.386 AUD1 AUD = 0.419 GBP
Pound SterlingCanadian Dollar1 GBP = 2.263 CAD1 CAD = 0.442 GBP
Pound SterlingSwiss Franc1 GBP = 2.399 CHF1 CHF = 0.417 GBP
Australian DollarCanadian Dollar1 AUD = 0.948 CAD1 CAD = 1.055 AUD
Australian DollarSwiss Franc1 AUD = 1.005 CHF1 CHF = 0.995 AUD
Canadian DollarSwiss Franc1 CAD = 1.060 CHF1 CHF = 0.943 CAD

See what else happened on April 10, 2007