Financial news on March 21st, 2007

Business and Financial news
A Glimpse of a More Vertical Los Angeles

Playa Vista, the last large undeveloped tract on the West Side, was envisioned as a place where people could live, work, shop and play without leaving their neighborhood. Read more..

By TERRY PRISTIN - The New York Times

A Rush of Excitement, From Filling in Empty Spaces to Completing a Large Loop

The elegance of a logic puzzle is determined by the ratio of two things: the simplicity of its rules versus the variety and depth of logic needed to solve it. Read more..

By WILL SHORTZ - The New York Times

China: Restrictions Placed on Investments

China’s securities regulator barred companies from using proceeds from share sales to invest in stocks in an attempt to damp speculative buying. Companies are also banned from buying derivatives and convertible bonds with share sale proceeds... Read more..

By BLOOMBERG NEWS - The New York Times

Chip Makers Settle Patent Dispute

Toshiba and Hynix Semiconductor agreed to end patent disputes over flash memory chips used to store data in electronic devices like digital cameras and MP3 players. Financial terms were not disclosed. Each company will get a license to the other&#... Read more..

By BLOOMBERG NEWS - The New York Times

Magazine Will Begin Consulting With Experts

Consumer Reports said its quest for independence kept it from reaching out to experts who might have helped it avoid one of its biggest mistakes. Read more..

By KATHARINE Q. SEELYE - The New York Times

Once Again, Debt Is Miscast as the Villain

Americans seem to take on more of it than any other society, but, boy, do we like to beat ourselves up about it. Read more..

By DAVID LEONHARDT - The New York Times

Overlooked Area to Join the White Plains Boom

With big names putting up luxury apartment buildings, developers are now focused on a mixed-use area near the city center. Read more..

By SANA SIWOLOP - The New York Times

Russians Report Huge Loan to Buy More Assets of Yukos

The Russian state oil company Rosneft has lined up $22 billion in financing from a consortium of Western banks to buy assets from its bankrupt rival. Read more..

By ANDREW E. KRAMER - The New York Times

Trial Begins for Ex-Chief of Hollinger

Two different portraits of Conrad M. Black were presented in opening arguments at the criminal trial against the former newspaper baron. Read more..

By RICHARD SIKLOS - The New York Times

U.S. Cautions Foreign Companies on Iran Deals

The Bush administration has been warning energy companies that penalties are possible if they pursue oil and gas deals with Iran. Read more..

By STEVEN R. WEISMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.3118.3917.7818.1795.2M
General ElectricGE34.7835.7034.7335.4850.4M
Cisco SystemsCSCO26.4026.7926.0626.7944.3M
AT&T Inc.T37.8239.0837.1038.8633M
JPMorgan ChaseJPM47.8149.6547.8149.0520.7M
Abbott LaboratoriesABT54.3054.8054.2054.6816.5M
Johnson & JohnsonJNJ61.0761.3260.4861.2216.3M
Wells Fargo & Co.WFC34.6635.5634.3335.4816.1M
HP Inc.HPQ39.7340.4639.5740.1915.6M
Home DepotHD37.8938.9237.8138.7415.3M
Wal-Mart StoresWMT47.2247.8546.9547.7713.6M
UnitedHealth GroupUNH54.0555.1453.3055.0313.1M
Walt Disney & Co.DIS34.3135.2534.2635.1711.9M
Verizon CommunicationsVZ36.6637.7536.6637.6811.9M
Procter & GamblePG62.3463.0062.1562.968.56M
Bristol-Myers SquibbBMY27.0527.7626.8227.717.75M
International Business MachinesIBM94.5095.8193.8395.367.67M
Gilead SciencesGILD72.8574.4172.0674.416.42M
United TechnologiesUTX65.4966.4865.4066.183.93M
Union PacificUNP100.20101.4799.75101.302.42M
Berkshire HathawayBRK.B3600.003644.003575.003644.0020.2K
Exchange Rates of March 21st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.500 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.156 CAD1 CAD = 0.865 USD
US DollarSwiss Franc1 USD = 1.210 CHF1 CHF = 0.827 USD
US DollarChinese Yuan1 USD = 7.735 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.280 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.680 GBP1 GBP = 1.470 EUR
EuroAustralian Dollar1 EUR = 1.656 AUD1 AUD = 0.604 EUR
EuroCanadian Dollar1 EUR = 1.546 CAD1 CAD = 0.647 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.432 GBP1 GBP = 2.314 JPY
Japanese YenAustralian Dollar1 JPY = 1.053 AUD1 AUD = 0.950 JPY
Japanese YenCanadian Dollar1 JPY = 0.983 CAD1 CAD = 1.018 JPY
Japanese YenSwiss Franc1 JPY = 1.029 CHF1 CHF = 0.972 JPY
Pound SterlingAustralian Dollar1 GBP = 2.435 AUD1 AUD = 0.411 GBP
Pound SterlingCanadian Dollar1 GBP = 2.274 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.380 CHF1 CHF = 0.420 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 0.977 CHF1 CHF = 1.024 AUD
Canadian DollarSwiss Franc1 CAD = 1.047 CHF1 CHF = 0.956 CAD

See what else happened on March 21st, 2007