Financial news on March 14th, 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..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.5025.8825.2625.8553.4M
General ElectricGE34.0934.4033.9034.3140.6M
Oracle Corp.ORCL16.7416.9416.6616.8833.7M
Wal-Mart StoresWMT46.1846.2245.0645.7327.6M
AT&T Inc.T37.2637.3336.4537.2126.1M
Wells Fargo & Co.WFC33.7033.8833.0133.6526.1M
JPMorgan ChaseJPM46.7247.5545.9147.3025M
Home DepotHD37.2837.5836.5037.5624.2M
HP Inc.HPQ39.7039.9839.2839.7917.6M
Johnson & JohnsonJNJ60.9961.1560.1160.7116.2M
Abbott LaboratoriesABT54.2054.2753.4753.7716M
Verizon CommunicationsVZ36.2136.3535.8236.2814.7M
Bristol-Myers SquibbBMY26.9027.0526.5127.0211M
Procter & GamblePG61.2561.5960.4261.3610.5M
Walt Disney & Co.DIS34.4634.4633.2833.7310.3M
International Business MachinesIBM92.7194.0392.1093.768.71M
UnitedHealth GroupUNH53.4053.9552.7353.378.6M
United TechnologiesUTX64.4664.8963.5964.754.78M
Gilead SciencesGILD68.8869.7368.2969.564.38M
Union PacificUNP98.3198.8995.5197.573.17M
Berkshire HathawayBRK.B3600.003600.003550.003562.0020.6K
Exchange Rates of March 14th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.060 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.176 CAD1 CAD = 0.850 USD
US DollarSwiss Franc1 USD = 1.217 CHF1 CHF = 0.822 USD
US DollarChinese Yuan1 USD = 7.742 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 154.810 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.683 GBP1 GBP = 1.464 EUR
EuroAustralian Dollar1 EUR = 1.680 AUD1 AUD = 0.595 EUR
EuroCanadian Dollar1 EUR = 1.555 CAD1 CAD = 0.643 EUR
EuroSwiss Franc1 EUR = 1.609 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.268 JPY
Japanese YenAustralian Dollar1 JPY = 1.085 AUD1 AUD = 0.922 JPY
Japanese YenCanadian Dollar1 JPY = 1.004 CAD1 CAD = 0.996 JPY
Japanese YenSwiss Franc1 JPY = 1.039 CHF1 CHF = 0.962 JPY
Pound SterlingAustralian Dollar1 GBP = 2.461 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.277 CAD1 CAD = 0.439 GBP
Pound SterlingSwiss Franc1 GBP = 2.355 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.925 CAD1 CAD = 1.081 AUD
Australian DollarSwiss Franc1 AUD = 0.957 CHF1 CHF = 1.045 AUD
Canadian DollarSwiss Franc1 CAD = 1.034 CHF1 CHF = 0.967 CAD

See what else happened on March 14th, 2007