Financial news on February 14th, 2007

Business and Financial news
Cellphone Ads May Take Off Soon

Experts say it is only a matter of time before the 2.2 billion mobile phone users around the world consider it natural to tune into a 15-second spot. Read more..

By ERIC SYLVERS - The New York Times

Chrysler to Announce Job Cuts, Plant Closings

A restructuring plan is expected to include the elimination of about 11,000 blue- and white-collar jobs and the closing of one and possibly two assembly plants. Read more..


CVS Raises Its Bid for Caremark Rx as Judge Delays Vote

The new offer of $25.7 billion came just hours before a judge made a surprise ruling that will force Caremark to postpone its shareholder vote on the CVS deal. Read more..

By ANDREW ROSS SORKIN - The New York Times

Google Said to Violate Copyright Laws

A case involving newspapers in Belgium could affect cases that publishers have brought against the search company in other countries. Read more..

By THOMAS CRAMPTON - The New York Times

Italy: Finalists in Bidding for Alitalia

Five companies were picked by the government as finalists in the bidding for its stake in Alitalia, the ailing state-controlled carrier. The bidders include the Texas Pacific Group, the private equity firm; UniCredit, the bank; as well as financie... Read more..

By BLOOMBERG NEWS - The New York Times

Odds Are, They’ll Know ’08 Winner

How Intrade, an online betting market for politics, bested the pundits in last year’s midterm elections. Read more..

By DAVID LEONHARDT - The New York Times

Sallie Mae Trading Queried

Democratic lawmakers said yesterday that they had requested copies of correspondence between the White House and Sallie Mae, the student loan company known as the SLM Corporation, after stock sales by the chairman days before the share price fell ... Read more..

By THE NEW YORK TIMES - The New York Times

U.S. Agency Violated Law in Seed Case, Judge Rules

The Agriculture Department failed to adequately assess possible environmental impacts before approving genetically engineered alfalfa, a judge ruled. Read more..

By ANDREW POLLACK - The New York Times

U.S. Trade Deficit Grew to Another Record in ’06

Americans last year imported $763.6 billion more worth of goods than they exported, the government reported. Read more..

By JEREMY W. PETERS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.2627.6527.1527.4648.7M
Oracle Corp.ORCL16.7416.9416.6816.7742.3M
General ElectricGE36.2036.5035.7936.4731.9M
AT&T Inc.T37.3137.5637.0837.1921.6M
Home DepotHD41.7241.9641.5041.7320.5M
Verizon CommunicationsVZ38.1038.7638.0538.6312.4M
Wal-Mart StoresWMT48.0848.1347.7547.8712.3M
Walt Disney & Co.DIS34.5834.8234.5234.7512M
JPMorgan ChaseJPM51.0951.5551.0051.4210.7M
Wells Fargo & Co.WFC35.8836.2035.8236.0110.7M
Abbott LaboratoriesABT52.7053.1852.6752.7010.6M
HP Inc.HPQ42.5942.9942.3742.838.27M
Johnson & JohnsonJNJ65.5665.9065.4065.857.25M
Procter & GamblePG64.8565.0764.6264.885.97M
International Business MachinesIBM98.5099.4398.2599.205.64M
UnitedHealth GroupUNH51.7151.9351.3151.645.13M
Bristol-Myers SquibbBMY27.5927.9827.5727.724.99M
Gilead SciencesGILD70.9471.7470.5171.724.05M
United TechnologiesUTX67.3568.4467.1068.173.8M
Union PacificUNP103.07104.70102.14104.492.55M
Berkshire HathawayBRK.B3620.003620.003600.003610.0015.9K
Exchange Rates of February 14th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.780 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.165 CAD1 CAD = 0.858 USD
US DollarSwiss Franc1 USD = 1.240 CHF1 CHF = 0.807 USD
US DollarChinese Yuan1 USD = 7.759 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 158.580 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.669 GBP1 GBP = 1.495 EUR
EuroAustralian Dollar1 EUR = 1.674 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.530 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.628 CHF1 CHF = 0.614 EUR
Japanese YenPound Sterling1 JPY = 0.422 GBP1 GBP = 2.372 JPY
Japanese YenAustralian Dollar1 JPY = 1.055 AUD1 AUD = 0.948 JPY
Japanese YenCanadian Dollar1 JPY = 0.964 CAD1 CAD = 1.037 JPY
Japanese YenSwiss Franc1 JPY = 1.026 CHF1 CHF = 0.974 JPY
Pound SterlingAustralian Dollar1 GBP = 2.504 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.287 CAD1 CAD = 0.437 GBP
Pound SterlingSwiss Franc1 GBP = 2.433 CHF1 CHF = 0.411 GBP
Australian DollarCanadian Dollar1 AUD = 0.913 CAD1 CAD = 1.095 AUD
Australian DollarSwiss Franc1 AUD = 0.971 CHF1 CHF = 1.029 AUD
Canadian DollarSwiss Franc1 CAD = 1.063 CHF1 CHF = 0.940 CAD

See what else happened on February 14th, 2007