Financial news on February 21, 2007

Business and Financial news
Drug Gets a Cameo in a Film Backed by Its Maker

Admission will be free for a new documentary about coping with chronic illness, courtesy of the drug maker that produced the film. Read more..

By STEPHANIE SAUL - The New York Times

Equity Firm Said to Raise Big New Fund

Providence Equity Partners is expected to announce that it raised $12 billion for what would be the largest specialized fund in the world, according to people briefed on the matter. Read more..

By ANDREW ROSS SORKIN - The New York Times

German and French Leaders to Meet on Job Cuts at Airbus

French President Jacques Chirac will continue talks with the German chancellor, Angela Merkel, over tensions at EADS, the parent company of Airbus. Read more..

By NICOLA CLARK - The New York Times

Hewlett-Packard Net Jumps 26% in the Quarter

Notebook computers flew off shelves over the holidays, helping to bolster Hewlett-Packard’s lead atop the PC heap. Read more..

By DAMON DARLIN - The New York Times

Home Depot Profit Falls as Wal-Mart Reports a Rebound

A report delivered by Home Depot’s new chief executive revealed how much work it will take to turn around the home improvement chain. Read more..

By MICHAEL BARBARO - The New York Times

Japan’s Central Bank Raises Key Lending Rate

Citing signs of an expanding economy, the Bank of Japan raised its key benchmark overnight borrowing rate by a quarter of a percentage point. Read more..

By MARTIN FACKLER - The New York Times

People and Accounts of Note

Jay Adams joined Popular Science magazine, New York, as advertising director. He succeeds Howard Mittman, who left to join Wired magazine, New York, as associate publisher. Mr. Adams had been advertising director at FHM, New York, which is being c... Read more..

By THE NEW YORK TIMES - The New York Times

Viacom Deal Will Allow Its TV Clips on Internet

The parent of MTV and Comedy Central reached a deal with the upstart Joost, and will get a cut of advertising revenue. Read more..

By JEREMY W. PETERS - The New York Times

Warner Music Makes Another Bid for EMI

A seven-year dance between music rivals continues as the industry grapples with online music downloads, piracy and a decline in CD sales. Read more..

By JULIA WERDIGIER - The New York Times

Warner Music Makes Another Bid for EMI

A seven-year dance between music rivals continues as the industry grapples with online music downloads, piracy and a decline in CD sales. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.97 20.99 20.73 20.88 69.4M
Microsoft MSFT 28.75 29.39 28.74 29.35 68.6M
Oracle Corp. ORCL 16.97 17.28 16.95 17.20 50.7M
Apple AAPL 85.98 89.49 85.96 89.20 41.3M
HP Inc. HPQ 42.05 42.11 41.08 41.10 36.7M
Cisco Systems CSCO 27.32 27.61 27.30 27.38 35.6M
General Electric GE 35.99 36.10 35.82 35.91 34.7M
Pfizer PFE 26.20 26.30 26.04 26.07 27M
Wal-Mart Stores WMT 49.91 50.42 49.87 49.97 23.8M
ExxonMobil XOM 74.63 75.27 74.25 74.78 17.9M
Amgen AMGN 66.01 67.62 65.72 67.41 16.7M
AT&T Inc. T 37.35 37.50 37.18 37.21 16.2M
ConocoPhillips COP 65.51 66.36 64.67 66.29 14.1M
Chevron CVX 70.12 70.39 69.20 69.94 13.3M
Wells Fargo & Co. WFC 35.94 36.28 35.82 36.18 12.4M
Johnson & Johnson JNJ 65.26 65.40 64.96 65.00 12M
Home Depot HD 40.89 41.42 40.65 41.30 11.9M
Alphabet GOOGL 469.84 478.68 467.74 475.86 11.3M
Merck MRK 44.45 44.45 43.81 43.95 9.42M
JPMorgan Chase JPM 51.45 51.85 51.27 51.65 9.34M
Abbott Laboratories ABT 52.50 52.78 52.39 52.71 9.01M
Verizon Communications VZ 38.21 38.53 38.00 38.29 8.75M
Comcast CMCSA 41.19 41.83 41.15 41.69 8.56M
Walt Disney & Co. DIS 34.83 35.24 34.75 35.14 8.35M
Coca-Cola KO 47.55 47.78 47.52 47.57 8.24M
Schlumberger SLB 62.16 63.57 62.15 63.55 8.2M
Altria MO 85.63 86.49 85.30 85.36 7.46M
Bristol-Myers Squibb BMY 27.24 27.49 27.01 27.11 6.49M
Pepsico PEP 64.41 65.21 64.40 65.02 5.73M
Procter & Gamble PG 64.75 64.99 64.32 64.69 5.66M
McDonald's MCD 45.74 46.12 45.74 45.97 5.62M
Gilead Sciences GILD 72.84 74.36 72.84 74.23 5.45M
Boeing BA 90.30 92.00 90.05 90.96 4.97M
UnitedHealth Group UNH 53.83 54.13 53.21 53.53 4.79M
United Technologies UTX 68.00 68.03 67.50 67.58 4.56M
Amazon AMZN 41.19 41.32 40.92 41.26 4.51M
International Business Machines IBM 98.90 99.37 98.70 99.09 4.3M
3M MMM 76.10 76.58 75.90 76.23 2.82M
Union Pacific UNP 102.30 104.54 101.81 104.31 1.78M
Berkshire Hathaway BRK.B 3624.00 3634.50 3577.00 3587.00 14.2K
Exchange Rates of February 21, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 120.880 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.160 CAD 1 CAD = 0.862 USD
US Dollar Swiss Franc 1 USD = 1.238 CHF 1 CHF = 0.808 USD
US Dollar Chinese Yuan 1 USD = 7.750 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 158.840 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.672 GBP 1 GBP = 1.487 EUR
Euro Australian Dollar 1 EUR = 1.659 AUD 1 AUD = 0.603 EUR
Euro Canadian Dollar 1 EUR = 1.524 CAD 1 CAD = 0.656 EUR
Euro Swiss Franc 1 EUR = 1.627 CHF 1 CHF = 0.615 EUR
Japanese Yen Pound Sterling 1 JPY = 0.423 GBP 1 GBP = 2.364 JPY
Japanese Yen Australian Dollar 1 JPY = 1.044 AUD 1 AUD = 0.958 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.959 CAD 1 CAD = 1.043 JPY
Japanese Yen Swiss Franc 1 JPY = 1.024 CHF 1 CHF = 0.977 JPY
Pound Sterling Australian Dollar 1 GBP = 2.468 AUD 1 AUD = 0.405 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.266 CAD 1 CAD = 0.441 GBP
Pound Sterling Swiss Franc 1 GBP = 2.419 CHF 1 CHF = 0.413 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.918 CAD 1 CAD = 1.090 AUD
Australian Dollar Swiss Franc 1 AUD = 0.980 CHF 1 CHF = 1.021 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.067 CHF 1 CHF = 0.937 CAD

See what else happened on February 21, 2007