Financial news on April 11, 2007

Business and Financial news
Euro Rises on Signs of Faster European Growth

The euro advanced to a record against the yen and a two-year high against the dollar as signs of faster economic growth in Europe prompted traders to increase their bets on higher interest rates. Read more..

By BLOOMBERG NEWS - The New York Times

French Luxury Retailer Makes a Friendly Bid for Puma

PPR bid about $7 billion for Puma, promising to keep its chief executive, Jochen Zeitz, at the helm of the company he turned around. Read more..

By G. THOMAS SIMS - The New York Times

ImClone’s Drug Fails in Pancreatic Cancer Study

ImClone Systems said yesterday that its cancer drug Erbitux failed to help pancreatic cancer patients live longer in a study, a setback for the company’s plan to expand the market for its only product. Read more..

By BLOOMBERG NEWS - The New York Times

Jailed Adviser Is Sentenced and Fined in Fraud Case

Martin A. Armstrong was sentenced to five years in prison and ordered to pay $80 million for running what prosecutors said was a $3 billion Ponzi scheme. Read more..

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

Minding the Store in a Condo

The market for retail condominiums in Manhattan has skyrocketed in recent years. More than 560,000 square feet of retail condo space sold last year, a sharp increase from 28,000 square feet in 2003. Read more..

By J. ALEX TARQUINIO - The New York Times

Profits Soar at Alcoa on Strong Demand and Higher Prices

Alcoa reported its most profitable first quarter ever as rising metal demand from China and the aerospace industry bolstered prices. Read more..

By BLOOMBERG NEWS - The New York Times

Reader Responses

Reader responses to David Leonhardt’s column on renting versus buying a home. Read more..

By DAVID LEONHARDT - The New York Times

Take-Two’s Mr. Fix-It Inherits a Handful

Strauss Zelnick has taken on risky corporate restructurings before, but he says none have been as complex as at Take-Two Interactive Software, where he was named chairman two weeks ago. Read more..

By JEREMY W. PETERS - The New York Times

Tied to a City, a Farmers’ Market Proves Hardy

Until last summer, a 136-year-old building had been an eyesore at the center of Portland, Me. You would never know it now. Read more..

By KEITH SCHNEIDER - The New York Times

Where on the Web Is Matt Lauer?

As NBC’s “Today” prepares for its “Where in the World Is Matt Lauer?” feature, Hyundai will sponsor a Web site following the host. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.59 20.73 20.42 20.47 90.7M
Microsoft MSFT 28.30 28.57 27.99 28.11 44.1M
Cisco Systems CSCO 25.97 26.14 25.64 25.79 42.7M
Pfizer PFE 25.94 26.09 25.77 26.04 34.9M
General Electric GE 35.00 35.20 34.86 34.95 30.5M
Oracle Corp. ORCL 18.90 18.91 18.46 18.59 29.9M
Comcast CMCSA 27.00 27.84 26.93 27.42 27.1M
ExxonMobil XOM 77.50 77.67 76.68 76.77 25M
Apple AAPL 93.90 93.95 92.33 92.59 19.6M
Wal-Mart Stores WMT 47.95 48.11 47.06 47.27 17.7M
Amgen AMGN 56.98 57.17 56.30 56.34 17.3M
Wells Fargo & Co. WFC 34.43 34.54 34.17 34.17 16.3M
Home Depot HD 38.12 38.33 37.77 37.97 15.9M
AT&T Inc. T 39.35 39.44 38.83 38.94 14.9M
Johnson & Johnson JNJ 61.52 62.29 61.50 61.89 14.7M
ConocoPhillips COP 69.75 69.96 69.02 69.23 14.2M
Verizon Communications VZ 37.81 37.85 37.16 37.38 13.6M
Abbott Laboratories ABT 56.75 57.51 56.17 57.00 13.6M
Coca-Cola KO 50.08 50.20 49.60 49.64 12.2M
Walt Disney & Co. DIS 34.94 35.08 34.34 34.59 12M
JPMorgan Chase JPM 49.10 49.34 48.98 49.15 12M
Altria MO 70.49 70.50 69.34 69.50 11.5M
Chevron CVX 76.89 77.47 76.46 76.56 10.7M
HP Inc. HPQ 40.80 40.89 40.32 40.73 10.3M
UnitedHealth Group UNH 53.87 54.21 52.90 53.14 10.2M
Schlumberger SLB 72.60 73.98 72.53 72.99 9.66M
Procter & Gamble PG 63.21 63.22 62.75 63.04 9.1M
McDonald's MCD 46.31 46.74 46.24 46.44 8.63M
Merck MRK 45.80 45.88 45.34 45.65 8.11M
Bristol-Myers Squibb BMY 27.79 27.90 27.38 27.52 7.81M
Alphabet GOOGL 466.06 469.40 462.61 464.53 7.62M
United Technologies UTX 64.40 64.50 63.70 64.08 6.78M
International Business Machines IBM 96.46 96.70 94.95 95.16 5.94M
Pepsico PEP 63.24 63.42 63.00 63.21 5.4M
Amazon AMZN 41.73 41.87 41.24 41.68 5.08M
Gilead Sciences GILD 77.21 77.54 75.85 76.70 4.22M
Boeing BA 90.90 90.99 89.65 89.97 3.46M
3M MMM 76.35 76.70 75.91 76.23 2.79M
Union Pacific UNP 107.55 108.00 105.98 106.41 1.4M
Berkshire Hathaway BRK.B 3665.00 3665.00 3641.00 3654.00 10.3K
Exchange Rates of April 11, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.330 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.139 CAD 1 CAD = 0.878 USD
US Dollar Swiss Franc 1 USD = 1.221 CHF 1 CHF = 0.819 USD
US Dollar Chinese Yuan 1 USD = 7.727 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 160.250 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.680 GBP 1 GBP = 1.471 EUR
Euro Australian Dollar 1 EUR = 1.629 AUD 1 AUD = 0.614 EUR
Euro Canadian Dollar 1 EUR = 1.530 CAD 1 CAD = 0.654 EUR
Euro Swiss Franc 1 EUR = 1.639 CHF 1 CHF = 0.610 EUR
Japanese Yen Pound Sterling 1 JPY = 0.424 GBP 1 GBP = 2.358 JPY
Japanese Yen Australian Dollar 1 JPY = 1.016 AUD 1 AUD = 0.984 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.954 CAD 1 CAD = 1.048 JPY
Japanese Yen Swiss Franc 1 JPY = 1.023 CHF 1 CHF = 0.978 JPY
Pound Sterling Australian Dollar 1 GBP = 2.396 AUD 1 AUD = 0.417 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.250 CAD 1 CAD = 0.444 GBP
Pound Sterling Swiss Franc 1 GBP = 2.410 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.939 CAD 1 CAD = 1.065 AUD
Australian Dollar Swiss Franc 1 AUD = 1.006 CHF 1 CHF = 0.994 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.071 CHF 1 CHF = 0.934 CAD

See what else happened on April 11, 2007