Financial news on February 21st, 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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL16.9717.2816.9517.2050.7M
HP Inc.HPQ42.0542.1141.0841.1036.7M
Cisco SystemsCSCO27.3227.6127.3027.3835.6M
General ElectricGE35.9936.1035.8235.9134.7M
Wal-Mart StoresWMT49.9150.4249.8749.9723.8M
AT&T Inc.T37.3537.5037.1837.2116.2M
Wells Fargo & Co.WFC35.9436.2835.8236.1812.4M
Johnson & JohnsonJNJ65.2665.4064.9665.0012M
Home DepotHD40.8941.4240.6541.3011.9M
JPMorgan ChaseJPM51.4551.8551.2751.659.34M
Abbott LaboratoriesABT52.5052.7852.3952.719.01M
Verizon CommunicationsVZ38.2138.5338.0038.298.75M
Walt Disney & Co.DIS34.8335.2434.7535.148.35M
Bristol-Myers SquibbBMY27.2427.4927.0127.116.49M
Procter & GamblePG64.7564.9964.3264.695.66M
Gilead SciencesGILD72.8474.3672.8474.235.45M
UnitedHealth GroupUNH53.8354.1353.2153.534.79M
United TechnologiesUTX68.0068.0367.5067.584.56M
International Business MachinesIBM98.9099.3798.7099.094.3M
Union PacificUNP102.30104.54101.81104.311.78M
Berkshire HathawayBRK.B3624.003634.503577.003587.0014.2K
Exchange Rates of February 21st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.880 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.160 CAD1 CAD = 0.862 USD
US DollarSwiss Franc1 USD = 1.238 CHF1 CHF = 0.808 USD
US DollarChinese Yuan1 USD = 7.750 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 158.840 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.487 EUR
EuroAustralian Dollar1 EUR = 1.659 AUD1 AUD = 0.603 EUR
EuroCanadian Dollar1 EUR = 1.524 CAD1 CAD = 0.656 EUR
EuroSwiss Franc1 EUR = 1.627 CHF1 CHF = 0.615 EUR
Japanese YenPound Sterling1 JPY = 0.423 GBP1 GBP = 2.364 JPY
Japanese YenAustralian Dollar1 JPY = 1.044 AUD1 AUD = 0.958 JPY
Japanese YenCanadian Dollar1 JPY = 0.959 CAD1 CAD = 1.043 JPY
Japanese YenSwiss Franc1 JPY = 1.024 CHF1 CHF = 0.977 JPY
Pound SterlingAustralian Dollar1 GBP = 2.468 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.266 CAD1 CAD = 0.441 GBP
Pound SterlingSwiss Franc1 GBP = 2.419 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.918 CAD1 CAD = 1.090 AUD
Australian DollarSwiss Franc1 AUD = 0.980 CHF1 CHF = 1.021 AUD
Canadian DollarSwiss Franc1 CAD = 1.067 CHF1 CHF = 0.937 CAD

See what else happened on February 21st, 2007