Financial news on March 22, 2007

Business and Financial news
Abolishing the Middlemen Won’t Make Health Care a Free Lunch

Middlemen and marketing costs have long been viewed with suspicion by critics of commerce. But these practices are usually signs of market sophistication, not waste. Read more..

By TYLER COWEN - The New York Times

An MP3 Player With Bluetooth: Look, Ma, Stereo but No Wires

Bluetooth headphones are becoming more popular, and the Insignia player promises stereo playback through compatible devices. Read more..

By JOHN BIGGS - The New York Times

Apple TV Has Landed

Apple TV can connect your computer to your TV without wires — as long as you have a wide-screen TV. Read more..

By DAVID POGUE - The New York Times

Editor of Russian Edition of Forbes Guilty of Defamation

A Moscow court ruled against the editor not for the contents of the article, but for commenting publicly on the controversy surrounding its publication. Read more..

By ANDREW E. KRAMER - The New York Times

Ex-Chief of Collins & Aikman Is Said to Be Facing Indictment

David A. Stockman, a former Reagan budget director, is expected to be indicted on charges of accounting fraud related to his role as chairman of the auto parts supplier. Read more..

By NICK BUNKLEY - The New York Times

For Some Subprime Borrowers, Few Good Choices

Lenders and the government are being urged to cushion the blow to troubled borrowers and find ways to enable them to remain in their homes. Read more..

By VIKAS BAJAJ - The New York Times

Japan: Trade Surplus Widens

Japan’s trade surplus unexpectedly widened in February after a decline in oil prices caused import growth to slow. Export growth slowed. The surplus rose 7.7 percent, to 979.6 billion yen ($8.3 billion), compared with February a year earlier... Read more..

By BLOOMBERG NEWS - The New York Times

Morgan Stanley Net Jumps; Appeal on Lawsuit Is Won

Morgan Stanley’s earnings soared and the firm won a $1.57 billion court appeal. For its chief executive, it doesn’t get better than this. Read more..

By LANDON THOMAS Jr - The New York Times

Motorola Cuts Its Estimate of Earnings

Facing sluggish profits, Motorola dropped its quarterly revenue forecast by a billion dollars and announced a management shake-up. Read more..

By BRAD STONE - The New York Times

Wasserstein May Sell Stake in Publishing Company

Bruce Wasserstein, the chairman of Lazard, is considering selling his stake in ALM, publisher of American Lawyer Magazine and other legal publications. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19.24 19.31 19.11 19.16 50.9M
Oracle Corp. ORCL 18.02 18.55 17.95 18.49 49.5M
Microsoft MSFT 28.52 28.55 28.01 28.27 47.9M
Pfizer PFE 25.76 25.96 25.57 25.79 41.4M
Cisco Systems CSCO 26.76 26.79 26.36 26.37 37.1M
General Electric GE 35.56 35.84 35.40 35.81 33.6M
ExxonMobil XOM 73.62 74.92 73.47 74.36 27.3M
AT&T Inc. T 38.71 39.44 38.56 39.11 26.8M
ConocoPhillips COP 67.58 69.34 67.47 68.68 21.2M
Apple AAPL 93.73 94.36 93.00 93.96 20.1M
JPMorgan Chase JPM 49.06 49.10 48.36 48.47 18.9M
Verizon Communications VZ 37.71 38.22 37.51 38.01 15.3M
Wal-Mart Stores WMT 47.79 48.20 47.56 48.01 15.1M
Procter & Gamble PG 63.36 63.90 63.20 63.85 14.7M
Abbott Laboratories ABT 54.56 54.92 54.01 54.50 13.7M
Wells Fargo & Co. WFC 35.01 35.57 34.62 34.99 13.4M
HP Inc. HPQ 40.25 40.55 39.87 40.45 13.3M
Chevron CVX 71.29 73.46 71.29 72.93 13.2M
UnitedHealth Group UNH 55.10 56.23 54.65 55.69 12.8M
Schlumberger SLB 68.42 69.71 68.00 68.99 12.8M
Johnson & Johnson JNJ 61.35 61.48 60.79 60.86 12.7M
Altria MO 85.96 86.68 85.00 86.15 12.4M
Walt Disney & Co. DIS 34.82 35.42 34.45 35.33 12M
Alphabet GOOGL 455.61 462.17 452.53 462.04 11.4M
Comcast CMCSA 26.91 27.00 26.60 26.73 10M
Home Depot HD 38.67 38.90 38.15 38.33 9.49M
Amgen AMGN 60.60 60.90 60.31 60.47 9.15M
Merck MRK 44.01 44.37 43.76 44.17 8.92M
Coca-Cola KO 48.20 48.44 47.91 48.25 8.24M
Bristol-Myers Squibb BMY 27.71 27.99 26.72 27.79 8.09M
McDonald's MCD 44.55 44.67 44.37 44.49 6.24M
International Business Machines IBM 95.22 95.44 94.65 95.19 5.7M
Amazon AMZN 39.48 39.72 38.91 39.49 5.33M
Gilead Sciences GILD 74.84 74.90 74.13 74.73 5.05M
Pepsico PEP 64.09 64.33 63.50 64.11 4.56M
3M MMM 77.09 78.00 76.91 77.78 4.07M
Boeing BA 90.79 90.80 89.88 90.57 3.56M
United Technologies UTX 66.14 66.50 65.66 66.08 3.11M
Union Pacific UNP 101.25 101.29 99.70 100.37 1.74M
Berkshire Hathaway BRK.B 3647.00 3649.00 3605.00 3609.00 7K
Exchange Rates of March 22, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.130 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.157 CAD 1 CAD = 0.864 USD
US Dollar Swiss Franc 1 USD = 1.214 CHF 1 CHF = 0.824 USD
US Dollar Chinese Yuan 1 USD = 7.726 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 157.470 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.678 GBP 1 GBP = 1.474 EUR
Euro Australian Dollar 1 EUR = 1.653 AUD 1 AUD = 0.605 EUR
Euro Canadian Dollar 1 EUR = 1.542 CAD 1 CAD = 0.648 EUR
Euro Swiss Franc 1 EUR = 1.619 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.431 GBP 1 GBP = 2.323 JPY
Japanese Yen Australian Dollar 1 JPY = 1.049 AUD 1 AUD = 0.953 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.979 CAD 1 CAD = 1.021 JPY
Japanese Yen Swiss Franc 1 JPY = 1.028 CHF 1 CHF = 0.973 JPY
Pound Sterling Australian Dollar 1 GBP = 2.436 AUD 1 AUD = 0.410 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.274 CAD 1 CAD = 0.440 GBP
Pound Sterling Swiss Franc 1 GBP = 2.386 CHF 1 CHF = 0.419 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.933 CAD 1 CAD = 1.072 AUD
Australian Dollar Swiss Franc 1 AUD = 0.979 CHF 1 CHF = 1.022 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.049 CHF 1 CHF = 0.953 CAD

See what else happened on March 22, 2007