Financial news on August 21, 2007

Business and Financial news
Can Private Equity Firms Get Out of Buyouts?

Amid the ever-tightening market for corporate debt, investors are already betting that some of the biggest deals may collapse, or at least be renegotiated. Read more..

By ANDREW ROSS SORKIN - The New York Times

China Relaxes a Barrier, Letting Citizens Invest in the Hong Kong Stock Market

The Chinese government announced today that it would allow mainland Chinese citizens to invest in the Hong Kong stock market. Read more..

By KEITH BRADSHER - The New York Times

Ex-Northwest Chief to Lead Delta Air

Delta Air Lines today named Richard H. Anderson, the former head of Northwest Airlines, as its new chief executive, passing over two Delta executives once considered the top candidates. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

Golf a Hit on Cruise Ships

Hitting golf balls into the ocean may be prohibited. But computerized simulators have cemented a lasting partnership between cruising and golf. Read more..

By PAUL BURNHAM FINNEY - The New York Times

Investors, on Edge, Grab Up Treasury Bills

In a sign that investors are fleeing investments that carry even the slightest hint of risk, the price of short-term government debt soared Monday. Read more..

By JEREMY W. PETERS - The New York Times

Memo Pad

FIRST COMMERCIAL A380 FLIGHT Singapore Airlines will begin auctioning seats on eBay next Monday for the first commercial flight of the A380 superjumbo jet, scheduled for Oct. 25 from Singapore to Sydney. Proceeds will go to charity. Singapore will... Read more..

By JOE SHARKEY - The New York Times

Nasdaq to Sell Stake in London Exchange

Abandoning its effort to buy the London exchange would allow Nasdaq to focus on its bid for the Swedish exchange operator OMX, where it faces a challenge from Borse Dubai. Read more..

By JULIA WERDIGIER - The New York Times

Plaintiffs Find Payday Elusive in Vioxx Cases

No one who has sued Merck over heart attacks or strokes suffered after taking Vioxx has received payments. Read more..

By ALEX BERENSON - The New York Times

Quick Bits: Hasta La Vista, Vista?

This is going to have to be really quick today. If you are stuck in an elevator today with some techie, you can probably fake it with this: Is Microsoft’s Vista having problems gaining acceptance? The booming sales of PCs this year says it is certainly not dissuading anyone from buying, but a few prominent […] Read more..

By DAMON DARLIN - The New York Times

The Web Way to Magazine Ad Sales

Vogue hopes a new broadband channel, which aims to serve as both an entertainment destination and a shopping Web site, will help it sell advertising. Read more..

By MARIA ASPAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23.9124.0523.7123.8958.1M
MicrosoftMSFT28.1028.3227.8728.0750.8M
AppleAAPL122.21128.96121.00127.5746.5M
Cisco SystemsCSCO29.7530.3029.6930.1039.9M
PfizerPFE24.1424.5024.0224.2437.6M
General ElectricGE38.0338.7737.9838.3535.2M
Wells Fargo & Co.WFC36.9337.7736.6637.3727.2M
ExxonMobilXOM84.5084.6782.5183.1524M
Oracle Corp.ORCL18.9619.3418.9619.2723.8M
ComcastCMCSA24.3724.9824.3524.5223.7M
JPMorgan ChaseJPM46.1247.0845.7546.2023.6M
Wal-Mart StoresWMT43.5843.7543.1943.7019.6M
Home DepotHD33.8034.6633.6034.3018.8M
AT&T Inc.T38.3539.3038.1738.7518.4M
ConocoPhillipsCOP79.0579.6877.7978.2415.3M
HP Inc.HPQ46.6146.8545.8346.0115.1M
Verizon CommunicationsVZ40.9141.9140.9041.7114M
AltriaMO66.6367.8266.6167.2213.5M
Johnson & JohnsonJNJ61.5761.9161.5061.6712.5M
ChevronCVX84.1485.2583.5784.3011.3M
Walt Disney & Co.DIS32.7133.4532.6433.299.96M
Procter & GamblePG64.6564.9864.2164.469.75M
Bristol-Myers SquibbBMY28.1828.6327.8728.148.56M
International Business MachinesIBM108.90110.11108.08109.048.46M
AmazonAMZN74.2177.8374.0977.498.43M
Coca-ColaKO54.4054.8553.9854.038.39M
MerckMRK50.0250.5248.7449.778.32M
AmgenAMGN49.2549.9849.0949.248.2M
Abbott LaboratoriesABT51.9052.6751.6452.367.82M
AlphabetGOOGL498.94508.16497.77506.617.21M
SchlumbergerSLB89.3090.9988.7789.256.61M
UnitedHealth GroupUNH49.5549.9249.2749.565.81M
McDonald'sMCD48.5248.8448.0648.475.58M
United TechnologiesUTX74.5974.7072.5872.945.52M
PepsicoPEP68.3168.8268.1068.454.85M
Gilead SciencesGILD37.5838.0137.4037.733.33M
BoeingBA96.8397.2496.0796.953.25M
3MMMM88.1088.7487.6588.463.08M
Union PacificUNP112.00112.22109.34109.622.1M
Berkshire HathawayBRK.B3989.003999.003937.003982.5022.1K
Exchange Rates of August 21, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.420 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.062 CAD1 CAD = 0.942 USD
US DollarSwiss Franc1 USD = 1.206 CHF1 CHF = 0.829 USD
US DollarChinese Yuan1 USD = 7.590 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 154.080 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.472 EUR
EuroAustralian Dollar1 EUR = 1.679 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.430 CAD1 CAD = 0.699 EUR
EuroSwiss Franc1 EUR = 1.624 CHF1 CHF = 0.616 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.269 JPY
Japanese YenAustralian Dollar1 JPY = 1.089 AUD1 AUD = 0.918 JPY
Japanese YenCanadian Dollar1 JPY = 0.928 CAD1 CAD = 1.078 JPY
Japanese YenSwiss Franc1 JPY = 1.054 CHF1 CHF = 0.949 JPY
Pound SterlingAustralian Dollar1 GBP = 2.472 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.105 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.390 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.851 CAD1 CAD = 1.175 AUD
Australian DollarSwiss Franc1 AUD = 0.967 CHF1 CHF = 1.035 AUD
Canadian DollarSwiss Franc1 CAD = 1.135 CHF1 CHF = 0.881 CAD

See what else happened on August 21, 2007