Financial news on March 19th, 2007

Business and Financial news
A Fee Per Song Can Ruin Us, Internet Radio Companies Say

Internet radio companies say a recent decision by the Copyright Royalty Board would make it impossible for them to stay afloat. Read more..

By ROBERT LEVINE - The New York Times

Hot but Virtuous Is an Unlikely Match for an Online Dating Service

In part because of its provocative ads, has become one of the most popular and controversial sites in the online dating industry. Read more..

By BRAD STONE - The New York Times

Lycos, Early Search Engine, in a U.S. Remake as Jubii

Lycos Europe is remaking itself for the U.S. market using the brand and services of Jubii, its Danish search and community business. Read more..

By VICTORIA SHANNON - The New York Times

Pet Food Is Recalled After Link to Animal Deaths

The recall involves more than 60 million cans of dog and cat food sold under dozens of brand names. Read more..

By SAUL HANSELL - The New York Times

Prominent UBS Executive to Leave

The president of UBS’s investment bank who helped turn the Swiss bank into a mergers and acquisitions giant, is said to be leaving the firm. Read more..


Researchers Track Down a Plague of Fake Web Pages

Microsoft researchers say they have traced the companies and techniques behind thousands of spam Web pages. Read more..

By JOHN MARKOFF - The New York Times

Sun-Times Settles With Ex-Officer

A business partner of Conrad M. Black and three companies will pay $63.4 million to settle with the Sun-Times Media Group. Read more..

By BLOOMBERG NEWS - The New York Times

The Week Ahead

FED MEETING The Federal Reserve Open Market Committee will conduct a two-day meeting, to conclude Wednesday. It is expected to keep the benchmark interest rate steady at 5.25 percent, as it has since June, but analysts will be looking closely at i... Read more..

By THE NEW YORK TIMES - The New York Times

Tilting Hollywood’s Balance of Power to Talent Agency Clients

A fledgling film-financing company may give filmmakers and stars more earning power and ownership of their projects. Read more..

By MICHAEL CIEPLY - The New York Times

Viacom’s Full-Court Press for Online Ads

Video advertising is the fastest-growing advertising category online, and Viacom is investing aggressively. Read more..

By LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,1926,3726,0026,3037.5M
Oracle Corp.ORCL16,8317,2316,8317,1829.5M
General ElectricGE34,5034,6734,4334,6726.5M
AT&T Inc.T37,1737,8037,1337,5821.3M
JPMorgan ChaseJPM47,2047,8047,1647,5814.4M
Wells Fargo & Co.WFC34,3034,4434,0934,2512.4M
Abbott LaboratoriesABT53,0253,2852,8853,1812.3M
Wal-Mart StoresWMT46,5046,8246,3846,5912.1M
HP Inc.HPQ40,0040,3239,9240,2111.1M
Johnson & JohnsonJNJ60,5660,8060,3760,7310.4M
Home DepotHD37,6337,7837,3637,729.4M
Verizon CommunicationsVZ36,4536,8336,4236,758.38M
Walt Disney & Co.DIS33,8734,1233,8134,097.91M
UnitedHealth GroupUNH53,5454,5253,3354,307.73M
Bristol-Myers SquibbBMY27,0027,1126,7326,946.75M
Procter & GamblePG61,7262,1561,7161,985.65M
International Business MachinesIBM93,9594,3293,3993,994.57M
United TechnologiesUTX65,3865,6564,9365,073.35M
Gilead SciencesGILD69,9871,2769,4770,773.26M
Union PacificUNP99,59100,3998,8799,612.64M
Berkshire HathawayBRK.B3536,003605,503536,003599,0015.3K
Exchange Rates of March 19th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,520 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,177 CAD1 CAD = 0,850 USD
US DollarSwiss Franc1 USD = 1,212 CHF1 CHF = 0,825 USD
US DollarChinese Yuan1 USD = 7,736 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 156,340 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,684 GBP1 GBP = 1,462 EUR
EuroAustralian Dollar1 EUR = 1,662 AUD1 AUD = 0,602 EUR
EuroCanadian Dollar1 EUR = 1,565 CAD1 CAD = 0,639 EUR
EuroSwiss Franc1 EUR = 1,613 CHF1 CHF = 0,620 EUR
Japanese YenPound Sterling1 JPY = 0,437 GBP1 GBP = 2,287 JPY
Japanese YenAustralian Dollar1 JPY = 1,063 AUD1 AUD = 0,941 JPY
Japanese YenCanadian Dollar1 JPY = 1,001 CAD1 CAD = 0,999 JPY
Japanese YenSwiss Franc1 JPY = 1,031 CHF1 CHF = 0,970 JPY
Pound SterlingAustralian Dollar1 GBP = 2,430 AUD1 AUD = 0,412 GBP
Pound SterlingCanadian Dollar1 GBP = 2,289 CAD1 CAD = 0,437 GBP
Pound SterlingSwiss Franc1 GBP = 2,357 CHF1 CHF = 0,424 GBP
Australian DollarCanadian Dollar1 AUD = 0,941 CAD1 CAD = 1,062 AUD
Australian DollarSwiss Franc1 AUD = 0,969 CHF1 CHF = 1,032 AUD
Canadian DollarSwiss Franc1 CAD = 1,030 CHF1 CHF = 0,971 CAD

See what else happened on March 19th, 2007