Financial news on February 21st, 2008

Business and Financial news
Enlisting a Laptop Docking Station to Tame the Motley Tethers of the Modern Workspace

By keeping things simple, the Bluelounge SpaceStation, a laptop docking port, might help bring order out of chaos. Read more..

By J. D. BIERSDORFER - The New York Times

Firm’s Fund Holds Off Repayment of a Debt

KKR Financial Holdings said it has delayed payment on millions in loans and opened debt restructuring talks with creditors. Read more..

By BLOOMBERG NEWS - The New York Times

French Bank Says Its Controls Failed for 2 Years

An investigation has found that Jérôme Kerviel began making unauthorized bets in 2005 that Société Générale’s internal controls failed to uncover. Read more..

By NICOLA CLARK - The New York Times

From China, Cellphone à la Carte

Want to crush the hegemony of the established mobile phone world order? Take a look at Zzzphone. Read more..

By JOHN BIGGS - The New York Times

Germany Prods Liechtenstein on Fighting Fraud

Germany has raised the prospect of retaliation in other areas unless the principality cooperates more on tax policy. Read more..


Google Plans Push to Sell Ads to Appear Inside Videos

Google is hoping to capitalize on both the explosion in online video and the scale of its advertising network. Read more..

By MIGUEL HELFT - The New York Times

New South Korean Leader Cleared in Fraud Inquiry

A special prosecutor on Thursday cleared President-elect Lee Myung-bak of South Korea of fraud accusations, four days before his inauguration. Read more..

By CHOE SANG-HUN - The New York Times

Put Another File in the Jukebox, Baby

Balancing sound quality and features to digitize a music library. Read more..

By JASON TURBOW - The New York Times

Top Court Allows Suit Over 401(k)

The ruling gives retirement plan participants the right to sue to recover losses when their investment instructions are ignored or the account is otherwise mishandled. Read more..

By LINDA GREENHOUSE - The New York Times

U.S. Security Concerns Block China’s 3Com Deal

A $2.2 billion offer for the network equipment maker 3Com stalled amid fears that equipment made for the U.S. military might be sabotaged. Read more..

By STEVEN R. WEISMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.8123.9923.0923.1964.6M
Oracle Corp.ORCL19.4919.6018.8118.8955.6M
General ElectricGE34.2934.3633.4733.6954.4M
AT&T Inc.T34.9235.1234.2234.4742.6M
JPMorgan ChaseJPM43.3043.6942.2243.0732.9M
Wells Fargo & Co.WFC31.0731.1630.6130.7428.9M
Verizon CommunicationsVZ35.8136.0034.8435.3624.9M
Abbott LaboratoriesABT55.6955.8954.5354.8622.6M
Wal-Mart StoresWMT49.7850.2349.6049.7922.4M
HP Inc.HPQ47.3747.8446.5446.8319.1M
Home DepotHD27.7628.2227.2727.3913.1M
Procter & GamblePG66.2766.3365.7965.9611.9M
Bristol-Myers SquibbBMY23.1823.2822.6122.7611.6M
Johnson & JohnsonJNJ63.3563.5762.7562.9811.1M
Gilead SciencesGILD45.2745.6043.6743.9310.8M
Walt Disney & Co.DIS32.6732.8932.2032.2710.3M
International Business MachinesIBM108.10109.60106.43106.938.33M
UnitedHealth GroupUNH48.1748.1747.7047.804.83M
United TechnologiesUTX72.1772.1870.8370.894.58M
Union PacificUNP124.65125.18121.89123.223.88M
Berkshire HathawayBRK.B4800.004800.004700.004701.0012.6K
Exchange Rates of February 21st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107.380 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.011 CAD1 CAD = 0.989 USD
US DollarSwiss Franc1 USD = 1.090 CHF1 CHF = 0.918 USD
US DollarChinese Yuan1 USD = 7.144 CNY1 CNY = 0.140 USD
EuroJapanese Yen1 EUR = 159.080 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.755 GBP1 GBP = 1.325 EUR
EuroAustralian Dollar1 EUR = 1.612 AUD1 AUD = 0.620 EUR
EuroCanadian Dollar1 EUR = 1.497 CAD1 CAD = 0.668 EUR
EuroSwiss Franc1 EUR = 1.614 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.474 GBP1 GBP = 2.109 JPY
Japanese YenAustralian Dollar1 JPY = 1.013 AUD1 AUD = 0.987 JPY
Japanese YenCanadian Dollar1 JPY = 0.941 CAD1 CAD = 1.063 JPY
Japanese YenSwiss Franc1 JPY = 1.014 CHF1 CHF = 0.986 JPY
Pound SterlingAustralian Dollar1 GBP = 2.136 AUD1 AUD = 0.468 GBP
Pound SterlingCanadian Dollar1 GBP = 1.984 CAD1 CAD = 0.504 GBP
Pound SterlingSwiss Franc1 GBP = 2.138 CHF1 CHF = 0.468 GBP
Australian DollarCanadian Dollar1 AUD = 0.928 CAD1 CAD = 1.077 AUD
Australian DollarSwiss Franc1 AUD = 1.001 CHF1 CHF = 0.999 AUD
Canadian DollarSwiss Franc1 CAD = 1.078 CHF1 CHF = 0.928 CAD

See what else happened on February 21st, 2008