Financial news on March 22nd, 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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18,0218,5517,9518,4949.5M
Cisco SystemsCSCO26,7626,7926,3626,3737.1M
General ElectricGE35,5635,8435,4035,8133.6M
AT&T Inc.T38,7139,4438,5639,1126.8M
JPMorgan ChaseJPM49,0649,1048,3648,4718.9M
Verizon CommunicationsVZ37,7138,2237,5138,0115.3M
Wal-Mart StoresWMT47,7948,2047,5648,0115.1M
Procter & GamblePG63,3663,9063,2063,8514.7M
Abbott LaboratoriesABT54,5654,9254,0154,5013.7M
Wells Fargo & Co.WFC35,0135,5734,6234,9913.4M
HP Inc.HPQ40,2540,5539,8740,4513.3M
UnitedHealth GroupUNH55,1056,2354,6555,6912.8M
Johnson & JohnsonJNJ61,3561,4860,7960,8612.7M
Walt Disney & Co.DIS34,8235,4234,4535,3312M
Home DepotHD38,6738,9038,1538,339.49M
Bristol-Myers SquibbBMY27,7127,9926,7227,798.09M
International Business MachinesIBM95,2295,4494,6595,195.7M
Gilead SciencesGILD74,8474,9074,1374,735.05M
United TechnologiesUTX66,1466,5065,6666,083.11M
Union PacificUNP101,25101,2999,70100,371.74M
Berkshire HathawayBRK.B3647,003649,003605,003609,007K
Exchange Rates of March 22nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118,130 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,157 CAD1 CAD = 0,864 USD
US DollarSwiss Franc1 USD = 1,214 CHF1 CHF = 0,824 USD
US DollarChinese Yuan1 USD = 7,726 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 157,470 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,678 GBP1 GBP = 1,474 EUR
EuroAustralian Dollar1 EUR = 1,653 AUD1 AUD = 0,605 EUR
EuroCanadian Dollar1 EUR = 1,542 CAD1 CAD = 0,648 EUR
EuroSwiss Franc1 EUR = 1,619 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,431 GBP1 GBP = 2,323 JPY
Japanese YenAustralian Dollar1 JPY = 1,049 AUD1 AUD = 0,953 JPY
Japanese YenCanadian Dollar1 JPY = 0,979 CAD1 CAD = 1,021 JPY
Japanese YenSwiss Franc1 JPY = 1,028 CHF1 CHF = 0,973 JPY
Pound SterlingAustralian Dollar1 GBP = 2,436 AUD1 AUD = 0,410 GBP
Pound SterlingCanadian Dollar1 GBP = 2,274 CAD1 CAD = 0,440 GBP
Pound SterlingSwiss Franc1 GBP = 2,386 CHF1 CHF = 0,419 GBP
Australian DollarCanadian Dollar1 AUD = 0,933 CAD1 CAD = 1,072 AUD
Australian DollarSwiss Franc1 AUD = 0,979 CHF1 CHF = 1,022 AUD
Canadian DollarSwiss Franc1 CAD = 1,049 CHF1 CHF = 0,953 CAD

See what else happened on March 22nd, 2007