Financial news on April 12, 2007

Business and Financial news
A Compact Cellphone With a Full Bag of Tricks

As with a clown-filled Volkswagen Beetle, the outside of the diminutive N95 cellphone from Nokia belies what’s inside. Read more..

By JOHN BIGGS - The New York Times

A Music Device That Can Play, Oh, 2 Million Songs or So

SanDisk has joined with Yahoo to add a new wrinkle to its latest MP3 player, the Sansa Connect. Read more..

By STEPHEN C. MILLER - The New York Times

As Subprime Market Implodes, a Contrarian Prospers

As the markets rise and fall, the owner of United Capital Markets has been able to profit handsomely by taking advantage of the wide swings. Read more..

By VIKAS BAJAJ - The New York Times

Beyond Grades: Business Students Put Their Start-Up Ideas to the Test

For many students in start-up competitions, the No. 1 spot is not the ultimate prize. Having a successful business is. Read more..

By ANNE FIELD - The New York Times

Britain: Suitor Ends Sainsbury Offer

The buyout firm CVC Capital Partners scrapped a £10 billion ($19.7 billion) bid for J Sainsbury, the British grocery chain, after CVC was abandoned by its bidding partners and Sainsbury’s founding family held out for more money. The fam... Read more..

By BLOOMBERG NEWS - The New York Times

Genentech Profit Increases 68%

Genentech said that first-quarter profit rose 68 percent, driven by sales of its cancer drugs Avastin and Rituxan. Read more..

By BLOOMBERG NEWS - The New York Times

In the Real World of Work and Wages, Trickle-Down Theories Don’t Hold Up

The claim that higher taxes would cause top earners to work less and take fewer risks is supported neither by theory nor evidence. Read more..

By ROBERT H. FRANK - The New York Times

NBC News Drops Imus Show Over Racial Remark

The move came after several days of widening calls for Don Imus to lose his show both on MSNBC and CBS Radio. Read more..

By BILL CARTER and LOUISE STORY - The New York Times

Some Suspect Chemical Mix in Pet Food

U.S. regulators are investigating whether melamine, the chemical linked to recent pet deaths, was mixed into wheat gluten in China. Read more..

By DAVID BARBOZA - The New York Times

The Trouble With Home-Networking

The Times’s David Pogue illustrates why wireless home-networking remains one of life’s frustrations. Read more..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.38 20.55 20.25 20.50 63.7M
Pfizer PFE 25.98 26.51 25.94 26.46 45.9M
Microsoft MSFT 28.06 28.62 28.04 28.54 43.8M
General Electric GE 34.87 35.24 34.86 35.18 30.8M
Cisco Systems CSCO 25.78 26.07 25.63 25.97 28.1M
ExxonMobil XOM 77.11 77.49 76.46 77.39 24.3M
Apple AAPL 92.04 92.31 90.72 92.19 23.5M
Oracle Corp. ORCL 18.57 18.71 18.44 18.70 22.7M
Amgen AMGN 56.49 57.79 56.49 57.64 17.4M
AT&T Inc. T 38.83 38.94 38.48 38.66 17M
ConocoPhillips COP 69.20 70.59 69.04 70.49 15.6M
Comcast CMCSA 27.60 27.92 27.19 27.87 14.2M
Wells Fargo & Co. WFC 34.08 34.43 34.03 34.34 13.1M
Merck MRK 45.52 46.50 45.45 46.36 11.8M
Wal-Mart Stores WMT 47.38 47.50 46.90 47.26 11.6M
Home Depot HD 37.89 38.19 37.60 38.02 11.4M
Abbott Laboratories ABT 56.80 57.54 56.77 57.41 10.2M
HP Inc. HPQ 40.62 41.21 40.44 41.12 10.1M
Altria MO 69.50 70.01 69.40 69.95 9.78M
JPMorgan Chase JPM 48.99 49.52 48.73 49.20 9.47M
Schlumberger SLB 73.05 75.37 72.37 75.31 9.37M
Johnson & Johnson JNJ 61.55 61.95 61.50 61.92 9.34M
Walt Disney & Co. DIS 34.60 34.73 34.43 34.67 9.24M
Bristol-Myers Squibb BMY 27.67 27.67 27.35 27.55 8.25M
Pepsico PEP 63.90 64.31 63.65 64.16 8.14M
Chevron CVX 76.75 77.23 76.29 77.17 8.05M
Coca-Cola KO 49.65 49.95 48.65 49.67 7.76M
Procter & Gamble PG 63.03 63.59 62.90 63.52 7.57M
Verizon Communications VZ 37.39 37.41 37.00 37.37 7.49M
International Business Machines IBM 94.86 95.82 94.53 95.67 7.09M
McDonald's MCD 46.49 47.00 46.15 46.63 5.69M
Alphabet GOOGL 464.00 468.00 462.24 467.39 5.41M
UnitedHealth Group UNH 52.91 53.36 52.76 53.12 5.22M
Gilead Sciences GILD 76.96 79.32 76.70 78.99 4.94M
Amazon AMZN 41.73 42.37 41.40 42.27 4.75M
United Technologies UTX 63.93 64.82 63.65 64.74 4.13M
Union Pacific UNP 106.30 112.10 105.62 111.02 3.7M
Boeing BA 89.98 90.86 89.40 90.85 2.64M
3M MMM 76.29 76.92 75.95 76.71 2.29M
Berkshire Hathaway BRK.B 3635.00 3660.00 3635.00 3660.00 8.6K
Exchange Rates of April 12, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.150 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.135 CAD 1 CAD = 0.881 USD
US Dollar Swiss Franc 1 USD = 1.217 CHF 1 CHF = 0.822 USD
US Dollar Chinese Yuan 1 USD = 7.726 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 160.640 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.468 EUR
Euro Australian Dollar 1 EUR = 1.626 AUD 1 AUD = 0.615 EUR
Euro Canadian Dollar 1 EUR = 1.529 CAD 1 CAD = 0.654 EUR
Euro Swiss Franc 1 EUR = 1.641 CHF 1 CHF = 0.609 EUR
Japanese Yen Pound Sterling 1 JPY = 0.424 GBP 1 GBP = 2.360 JPY
Japanese Yen Australian Dollar 1 JPY = 1.012 AUD 1 AUD = 0.988 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.952 CAD 1 CAD = 1.051 JPY
Japanese Yen Swiss Franc 1 JPY = 1.021 CHF 1 CHF = 0.979 JPY
Pound Sterling Australian Dollar 1 GBP = 2.388 AUD 1 AUD = 0.419 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.246 CAD 1 CAD = 0.445 GBP
Pound Sterling Swiss Franc 1 GBP = 2.408 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.940 CAD 1 CAD = 1.064 AUD
Australian Dollar Swiss Franc 1 AUD = 1.008 CHF 1 CHF = 0.992 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.072 CHF 1 CHF = 0.933 CAD

See what else happened on April 12, 2007