Financial news on March 12th, 2007

Business and Financial news
4th Shareholder of Nikko in Japan Rejects a Citigroup Offer as Low

Orbis Investment Management, which owns 6.9 percent of Nikko, said in a statement that Citigroup’s offer was “unacceptable.” Read more..

By BLOOMBERG NEWS - The New York Times

After False Claim, Wikipedia to Check Degrees

Wikipedia’s co-founder has called for a voluntary system for accrediting contributors who say they have advanced degrees. Read more..

By NOAM COHEN - The New York Times

As Mobile Phones Grow More Complex, Carriers Insist on Fewer Operating Systems

Multiple systems have hampered the growth of new services, mobile phone executives say. Read more..

By ERIC SYLVERS - The New York Times

Best Buy Asks Four Agencies to Take Part in a Review

Best Buy Asks Four Agencies. Read more..

By THE NEW YORK TIMES - The New York Times

How Self-Control Lowers a Buyer’s Guard

A paper in The Journal of Consumer Research looks at the effects of self-restraint on subsequent impulse purchases. Read more..

By ALEX MINDLIN - The New York Times

Stock Offerings This Week

The following equity and convertible debt offerings are expected this week:. Read more..

By THE NEW YORK TIMES - The New York Times

Texans Want to Strike Rule on Projecting Retiree Care

Texas officials argue that a new rule to disclose the size of their health care obligation to retirees does not apply to their state. Read more..


Treasury Bill Auctions Set for This Week

The Treasury’s schedule of financing this week includes today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow. Read more..

THE NEW YORK TIMES - The New York Times

Who Owns the Live Music of Days Gone By?

Radio and TV show archives have become valuable prizes in the desperate search for new content for Web sites and DVDs. Read more..

By ROBERT LEVINE - The New York Times

With Redesign of Time, Sentences Run Forward

Having just turned 84, Time magazine is coming out with a new look and editorial approach on Friday. Read more..

By KATHARINE Q. SEELYE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL16,6117,0916,6017,0730.6M
General ElectricGE34,1634,6334,0134,4430.2M
Cisco SystemsCSCO25,9826,2525,8926,1729.2M
AT&T Inc.T36,3837,4436,3537,0621.9M
Verizon CommunicationsVZ36,4536,8436,1136,5814.8M
Home DepotHD38,4038,7738,1138,1714.2M
Abbott LaboratoriesABT54,4454,5054,2454,3813.3M
Johnson & JohnsonJNJ62,2562,3561,4161,7913.3M
Wal-Mart StoresWMT47,4247,6347,1047,2612.2M
Walt Disney & Co.DIS34,1834,3733,9234,2011.8M
HP Inc.HPQ39,9240,4839,9040,3711.3M
JPMorgan ChaseJPM48,6448,9848,6048,8410.4M
Bristol-Myers SquibbBMY26,9227,3926,8127,368.31M
Wells Fargo & Co.WFC34,2534,5434,0234,538.31M
UnitedHealth GroupUNH53,2553,6152,6753,276.9M
Procter & GamblePG62,0962,4061,9862,095.98M
International Business MachinesIBM93,2994,1792,9794,115.53M
Gilead SciencesGILD69,8570,9969,6170,823.1M
Union PacificUNP98,69102,0498,60101,362.89M
United TechnologiesUTX64,5065,4764,4965,352.54M
Berkshire HathawayBRK.B3654,003654,003623,503644,0011.3K
Exchange Rates of March 12th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,660 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,172 CAD1 CAD = 0,853 USD
US DollarSwiss Franc1 USD = 1,225 CHF1 CHF = 0,817 USD
US DollarChinese Yuan1 USD = 7,747 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 155,210 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,682 GBP1 GBP = 1,465 EUR
EuroAustralian Dollar1 EUR = 1,677 AUD1 AUD = 0,596 EUR
EuroCanadian Dollar1 EUR = 1,545 CAD1 CAD = 0,647 EUR
EuroSwiss Franc1 EUR = 1,615 CHF1 CHF = 0,619 EUR
Japanese YenPound Sterling1 JPY = 0,439 GBP1 GBP = 2,276 JPY
Japanese YenAustralian Dollar1 JPY = 1,080 AUD1 AUD = 0,926 JPY
Japanese YenCanadian Dollar1 JPY = 0,995 CAD1 CAD = 1,005 JPY
Japanese YenSwiss Franc1 JPY = 1,040 CHF1 CHF = 0,961 JPY
Pound SterlingAustralian Dollar1 GBP = 2,458 AUD1 AUD = 0,407 GBP
Pound SterlingCanadian Dollar1 GBP = 2,264 CAD1 CAD = 0,442 GBP
Pound SterlingSwiss Franc1 GBP = 2,366 CHF1 CHF = 0,423 GBP
Australian DollarCanadian Dollar1 AUD = 0,921 CAD1 CAD = 1,086 AUD
Australian DollarSwiss Franc1 AUD = 0,962 CHF1 CHF = 1,039 AUD
Canadian DollarSwiss Franc1 CAD = 1,045 CHF1 CHF = 0,957 CAD

See what else happened on March 12th, 2007