Financial news on April 20th, 2007

Business and Financial news
Agencies Hear a Call for More Creativity, but Also More Accountability

Creativity as the pathway to consumer persuasion — and profitability was a major theme at a recent advertising conference. Read more..

By STUART ELLIOTT - The New York Times

Hedge Funds’ Activism Creates New Wealth for Law Firms

The re-emergence of proxy fights is a reason that mergers-and-acquisitions lawyers are redefining the hedge fund practice. Read more..

By ELLEN ROSEN - The New York Times

Owners Lose and Bosses Win in Bad Mergers

Academic research offers insights into how the very equity-based incentives that were supposed to make managers think like owners have instead encouraged them to overpay for acquisitions. Read more..

By FLOYD NORRIS - The New York Times

Times Co., Gannett and Tribune Co. Report Declines

The industry continues to face tough times as advertisers shift their focus away from print to the Internet. Read more..

By LANDON THOMAS Jr - The New York Times

Wal-Mart Reports Its Chief Was Paid $29.7 Million in 2006

The world’s largest retailer paid its chief executive $29.7 million last year after sales grew at the slowest pace in more than two decades. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE35.1835.2434.9335.1358.4M
Cisco SystemsCSCO27.0527.1026.7526.9942.5M
Oracle Corp.ORCL18.9819.0618.8219.0037.6M
AT&T Inc.T39.4439.9039.4439.8723.6M
Wal-Mart StoresWMT48.5949.8448.5149.7623.4M
JPMorgan ChaseJPM52.4752.7152.1052.5421.2M
Wells Fargo & Co.WFC36.4936.4936.0236.3020.7M
Procter & GamblePG63.9964.0063.4963.8018.8M
Johnson & JohnsonJNJ65.4565.4564.8765.1215.8M
Verizon CommunicationsVZ37.9838.3737.7337.9115.8M
Abbott LaboratoriesABT57.9357.9957.2157.8515.6M
Home DepotHD39.3339.3438.9239.2113.7M
UnitedHealth GroupUNH52.4953.8552.1153.2013.7M
Walt Disney & Co.DIS35.1935.3234.7135.2812.3M
HP Inc.HPQ41.4541.6141.1041.3711.6M
International Business MachinesIBM95.0295.1593.9194.589.34M
Bristol-Myers SquibbBMY28.4228.7928.3428.679.09M
United TechnologiesUTX68.4968.4967.1067.487.63M
Gilead SciencesGILD82.6383.0081.8582.395.27M
Union PacificUNP117.39118.01116.47117.212.76M
Berkshire HathawayBRK.B3653.003653.003622.503628.0011.1K
Exchange Rates of April 20th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.670 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.124 CAD1 CAD = 0.890 USD
US DollarSwiss Franc1 USD = 1.208 CHF1 CHF = 0.828 USD
US DollarChinese Yuan1 USD = 7.718 CNY1 CNY = 0.130 USD
EuroJapanese Yen1 EUR = 161.250 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.474 EUR
EuroAustralian Dollar1 EUR = 1.622 AUD1 AUD = 0.617 EUR
EuroCanadian Dollar1 EUR = 1.527 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.642 CHF1 CHF = 0.609 EUR
Japanese YenPound Sterling1 JPY = 0.421 GBP1 GBP = 2.378 JPY
Japanese YenAustralian Dollar1 JPY = 1.005 AUD1 AUD = 0.995 JPY
Japanese YenCanadian Dollar1 JPY = 0.946 CAD1 CAD = 1.057 JPY
Japanese YenSwiss Franc1 JPY = 1.018 CHF1 CHF = 0.982 JPY
Pound SterlingAustralian Dollar1 GBP = 2.390 AUD1 AUD = 0.418 GBP
Pound SterlingCanadian Dollar1 GBP = 2.250 CAD1 CAD = 0.445 GBP
Pound SterlingSwiss Franc1 GBP = 2.419 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.941 CAD1 CAD = 1.063 AUD
Australian DollarSwiss Franc1 AUD = 1.012 CHF1 CHF = 0.989 AUD
Canadian DollarSwiss Franc1 CAD = 1.075 CHF1 CHF = 0.930 CAD

See what else happened on April 20th, 2007