Financial news on February 16th, 2007

Business and Financial news
Bear Stearns Told to Pay $160 Million to Investors

The ruling could force Wall Street firms to step up oversight of some of their most lucrative clients. Read more..

By JULIE CRESWELL - The New York Times

Chrysler Said to Seek Help From G.M. on a Big S.U.V.

The Chrysler Group and General Motors are holding discussions about a joint project that would provide Chrysler with a version of the big Chevrolet Tahoe sport utility. Read more..

By MICHELINE MAYNARD - The New York Times

Home Prices Fall in More Than Half of Nation’s Biggest Markets

Prices for single-family homes fell in more than half of the nation’s biggest metropolitan areas in the last three months of 2006. Read more..

By VIKAS BAJAJ - The New York Times

Microsoft Plays Down a Sales Lift From Vista

Wall Street analysts are being too optimistic about sales of Windows Vista, Steven A. Ballmer, Microsoft’s chief executive, said on Thursday. Read more..

By JOHN MARKOFF - The New York Times

Russian Judge Dismisses Any Penalty in Piracy Case

A provincial school headmaster was convicted of using pirated Microsoft software in school computers, but no penalty was imposed. Read more..

By ANDREW E. KRAMER - The New York Times

Silicon Valley Meets ‘American Idol’ With Prizes to Inspire Inventors

Venture capital firms are considering contests with multimillion-dollar prizes for engineers and entrepreneurs who come up with innovative technologies. Read more..

By MATT RICHTEL - The New York Times

Some Investors Skeptical of a Chrysler-GM Deal

DaimlerChrysler’s willingness to cut loose its Chrysler Group is drawing cheers from investors but Wall Street analysts were skeptical of an outright sale of Chrysler to G.M. Read more..

By MICHELINE MAYNARD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT28.9128.9428.6528.74109M
IntelINTC21.2621.4021.1521.2347.5M
Cisco SystemsCSCO27.4827.5527.3627.5234.9M
Oracle Corp.ORCL16.8916.9816.7016.7034.1M
General ElectricGE36.0736.1035.8735.8731M
PfizerPFE26.4226.5026.1626.3030.6M
AmgenAMGN68.2268.4965.9466.7330.3M
ExxonMobilXOM75.3375.5575.0175.2918.3M
Wal-Mart StoresWMT48.3548.8548.2548.4817.1M
AT&T Inc.T37.2237.4936.8737.4816.5M
AppleAAPL85.2585.4184.6684.8314.3M
MerckMRK44.0744.7543.9144.2813.7M
Johnson & JohnsonJNJ65.6565.7465.2465.5112.9M
AlphabetGOOGL462.80470.15462.06469.9412.3M
Wells Fargo & Co.WFC36.2736.2835.5535.7611.4M
JPMorgan ChaseJPM51.1651.3551.0151.2511.3M
Home DepotHD41.6041.6641.2041.4411M
ComcastCMCSA41.1341.6940.9341.6310.4M
HP Inc.HPQ42.5542.8042.4842.7710.3M
Walt Disney & Co.DIS34.6834.9134.4134.899.64M
ChevronCVX71.0171.4470.7270.819.62M
ConocoPhillipsCOP65.8166.4065.7566.159.26M
Verizon CommunicationsVZ38.4138.5338.2138.509.22M
Coca-ColaKO48.0948.1047.7647.878.75M
Abbott LaboratoriesABT52.5352.8052.2852.498.42M
Procter & GamblePG64.8965.5064.8065.078.16M
SchlumbergerSLB63.7963.9463.1263.337.35M
AltriaMO85.9986.2685.5786.207.22M
McDonald'sMCD45.0045.3844.8645.326.81M
PepsicoPEP64.2764.9564.1364.626.39M
UnitedHealth GroupUNH53.5154.2853.4353.956.28M
Bristol-Myers SquibbBMY27.6528.2127.1227.645.4M
International Business MachinesIBM99.1299.2598.6398.994.8M
AmazonAMZN39.9040.4439.8740.334.68M
BoeingBA91.9892.0090.7390.944.55M
3MMMM76.9177.4376.4176.843.79M
Gilead SciencesGILD72.1772.5071.5872.063.46M
United TechnologiesUTX69.2769.4968.3868.683.32M
Union PacificUNP102.33102.73100.34101.731.6M
Berkshire HathawayBRK.B3590.003622.003563.003620.0018.4K
Exchange Rates of February 16th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.410 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.163 CAD1 CAD = 0.860 USD
US DollarSwiss Franc1 USD = 1.235 CHF1 CHF = 0.810 USD
US DollarChinese Yuan1 USD = 7.748 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 156.880 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.674 GBP1 GBP = 1.485 EUR
EuroAustralian Dollar1 EUR = 1.669 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.528 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.623 CHF1 CHF = 0.616 EUR
Japanese YenPound Sterling1 JPY = 0.429 GBP1 GBP = 2.330 JPY
Japanese YenAustralian Dollar1 JPY = 1.063 AUD1 AUD = 0.940 JPY
Japanese YenCanadian Dollar1 JPY = 0.973 CAD1 CAD = 1.027 JPY
Japanese YenSwiss Franc1 JPY = 1.034 CHF1 CHF = 0.967 JPY
Pound SterlingAustralian Dollar1 GBP = 2.478 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.268 CAD1 CAD = 0.441 GBP
Pound SterlingSwiss Franc1 GBP = 2.408 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.915 CAD1 CAD = 1.093 AUD
Australian DollarSwiss Franc1 AUD = 0.971 CHF1 CHF = 1.030 AUD
Canadian DollarSwiss Franc1 CAD = 1.062 CHF1 CHF = 0.942 CAD

See what else happened on February 16th, 2007