Financial news on March 14, 2007

Business and Financial news
Bad Loans Put Wall St. in a Swoon

Stocks fell broadly and sharply after a report on mortgage defaults indicated that the troubled housing market will weaken further. Read more..

By VIKAS BAJAJ - The New York Times

Decaf Being Joined by De-Heartburn

Folgers has opened a new flank in the coffee war: a “stomach friendly” coffee for Americans who think they can no longer handle the hard stuff. Read more..

By ANDREW MARTIN - The New York Times

F.D.A. Approves Glaxo Cancer Drug

GlaxoSmithKline won permission yesterday from the Food and Drug Administration to sell a tumor-growth inhibitor called Tykerb to treat breast cancer. Read more..

By BLOOMBERG NEWS - The New York Times

House Panel Ponders the Growth and Risk of Hedge Funds

While investment banks are scrambling to get into the hedge fund business, officials say they need to know more about the industry. Read more..

By JENNY ANDERSON - The New York Times

H.P. Restarts as Spy Case Lingers On

The revelations that a dysfunctional board spied on its members and on journalists still casts a shadow on a company that by most measures is performing well. Read more..

By DAMON DARLIN - The New York Times

Medical Data on Empire Blue Cross Members May Be Lost

A compact disc holding vital medical and other personal information of about 75,000 members of Empire Blue Cross and Blue Shield has disappeared. Read more..

By MILT FREUDENHEIM - The New York Times

Paulson, at Talks on Regulation, Suggests Pendulum Has Swung Too Far

The treasury secretary questioned whether egulators had “struck the right balance between investor protection and market competitiveness.” Read more..

By STEPHEN LABATON - The New York Times

Retail Sales Barely Rise; Cold Weather Gets Blame

Retail sales rose less than forecast in February as cold weather kept shoppers home. Read more..

By BLOOMBERG NEWS - The New York Times

Start-Up Fervor Shifts to Energy in Silicon Valley

Former dot-com entrepreneurs have found a new purpose in transforming the $1 trillion domestic energy market. Read more..

By MATT RICHTEL - The New York Times

WhoseTube? Viacom Sues Google Over Video Clips

Accusing Google and its YouTube site of “massive copyright infringement,” Viacom said it was seeking more than $1 billion in damages. Read more..

By MIGUEL HELFT and GERALDINE FABRIKANT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26,82 27,40 26,73 27,40 75.7M
Intel INTC 19,19 19,24 18,96 19,23 70.1M
Cisco Systems CSCO 25,50 25,88 25,26 25,85 53.4M
Pfizer PFE 25,05 25,08 24,65 24,86 49.8M
General Electric GE 34,09 34,40 33,90 34,31 40.6M
Altria MO 83,87 84,50 83,16 83,90 34.8M
Oracle Corp. ORCL 16,74 16,94 16,66 16,88 33.7M
ExxonMobil XOM 70,25 71,02 69,64 71,02 30.1M
Apple AAPL 88,60 90,00 87,92 90,00 28.4M
Wal-Mart Stores WMT 46,18 46,22 45,06 45,73 27.6M
AT&T Inc. T 37,26 37,33 36,45 37,21 26.1M
Wells Fargo & Co. WFC 33,70 33,88 33,01 33,65 26.1M
JPMorgan Chase JPM 46,72 47,55 45,91 47,30 25M
Home Depot HD 37,28 37,58 36,50 37,56 24.2M
ConocoPhillips COP 66,94 67,95 65,87 67,91 20.5M
HP Inc. HPQ 39,70 39,98 39,28 39,79 17.6M
Comcast CMCSA 25,68 25,87 25,26 25,83 17.4M
Coca-Cola KO 47,25 47,34 46,59 47,04 16.3M
Johnson & Johnson JNJ 60,99 61,15 60,11 60,71 16.2M
Abbott Laboratories ABT 54,20 54,27 53,47 53,77 16M
Alphabet GOOGL 443,23 448,66 439,00 448,00 16M
Verizon Communications VZ 36,21 36,35 35,82 36,28 14.7M
Amgen AMGN 60,36 60,69 59,64 60,69 14.3M
Merck MRK 43,53 43,65 42,76 43,27 12.3M
Schlumberger SLB 64,26 65,20 63,62 64,93 12.3M
Chevron CVX 68,39 68,64 67,08 68,32 11.4M
Bristol-Myers Squibb BMY 26,90 27,05 26,51 27,02 11M
Procter & Gamble PG 61,25 61,59 60,42 61,36 10.5M
Walt Disney & Co. DIS 34,46 34,46 33,28 33,73 10.3M
International Business Machines IBM 92,71 94,03 92,10 93,76 8.71M
UnitedHealth Group UNH 53,40 53,95 52,73 53,37 8.6M
Amazon AMZN 37,76 38,22 37,26 38,08 8.59M
McDonald's MCD 43,57 43,87 43,06 43,65 6.57M
Pepsico PEP 62,46 63,00 61,89 62,69 5.62M
United Technologies UTX 64,46 64,89 63,59 64,75 4.78M
3M MMM 74,78 75,84 74,42 75,80 4.61M
Gilead Sciences GILD 68,88 69,73 68,29 69,56 4.38M
Boeing BA 89,45 90,30 88,53 89,98 4.03M
Union Pacific UNP 98,31 98,89 95,51 97,57 3.17M
Berkshire Hathaway BRK.B 3600,00 3600,00 3550,00 3562,00 20.6K
Exchange Rates of March 14, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117,060 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,176 CAD 1 CAD = 0,850 USD
US Dollar Swiss Franc 1 USD = 1,217 CHF 1 CHF = 0,822 USD
US Dollar Chinese Yuan 1 USD = 7,742 CNY 1 CNY = 0,129 USD
Euro Japanese Yen 1 EUR = 154,810 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,683 GBP 1 GBP = 1,464 EUR
Euro Australian Dollar 1 EUR = 1,680 AUD 1 AUD = 0,595 EUR
Euro Canadian Dollar 1 EUR = 1,555 CAD 1 CAD = 0,643 EUR
Euro Swiss Franc 1 EUR = 1,609 CHF 1 CHF = 0,622 EUR
Japanese Yen Pound Sterling 1 JPY = 0,441 GBP 1 GBP = 2,268 JPY
Japanese Yen Australian Dollar 1 JPY = 1,085 AUD 1 AUD = 0,922 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,004 CAD 1 CAD = 0,996 JPY
Japanese Yen Swiss Franc 1 JPY = 1,039 CHF 1 CHF = 0,962 JPY
Pound Sterling Australian Dollar 1 GBP = 2,461 AUD 1 AUD = 0,406 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,277 CAD 1 CAD = 0,439 GBP
Pound Sterling Swiss Franc 1 GBP = 2,355 CHF 1 CHF = 0,425 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,925 CAD 1 CAD = 1,081 AUD
Australian Dollar Swiss Franc 1 AUD = 0,957 CHF 1 CHF = 1,045 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,034 CHF 1 CHF = 0,967 CAD

See what else happened on March 14, 2007