Financial news on May 22, 2007

Business and Financial news
$4.7 Billion Private Equity Buyout Wins Support at EMI

The music company said its board supported a new $4.7 billion offer from a private investor, Terra Firma Capital Partners. Read more..

By JEFF LEEDS - The New York Times

Aeroflot Seeks Loan to Deal for Alitalia

The Russian airline Aeroflot is seeking up to$1.2 billion in loans to finance its bid for the Italian national airline, Alitalia. Read more..

By ANDREW E. KRAMER - The New York Times

Ex-Brokers Face Retrial in Eavesdropping Case

Three former brokers for Citigroup, Merrill Lynch and Lehman Brothers face a second trial on charges that they conspired to commit fraud. Read more..

By BLOOMBERG NEWS - The New York Times

Film Offers New Talking Points in Health Care Debate

Health policy experts said that Michael Moore’s indictment of U.S. health care taps into widespread public concern about the system. Read more..

By MILT FREUDENHEIM and LIZA KLAUSSMANN - The New York Times

Forget Spartacus, I Am Fresno State

Campaign Spotlight. Read more..

By STUART ELLIOTT - The New York Times

General Electric to Sell Plastics Division

The division, which has 11,000 employees, will be sold for $11.6 billion to Saudi Arabia’s largest public company. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Is Your Career a Kayak or an Ocean Liner?

Lately I’ve been noticing those who swim against the tide of self-employment. Read more..

By MARCI ALBOHER - The New York Times

MySpace to Share Data With States on Offenders

The names, addresses and online profiles of known convicted sex offenders will be handed over to authorities in all 50 states. Read more..

By BRAD STONE - The New York Times

New Directions From the AAA: Go to the Web, Then Print

The AAA, despite its stronger embrace of the Web as a way to distribute information, doesn’t see the end of print. Read more..

By JOE SHARKEY - The New York Times

Rival Books on Hillary Clinton Play Leapfrog on Debut Dates

The two publishers of rival biographies of Hillary Rodham Clinton have moved up their on-sale dates again. Read more..

By MOTOKO RICH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.89 23.08 22.69 22.99 66.4M
Cisco Systems CSCO 26.38 26.50 26.26 26.37 40M
Microsoft MSFT 30.90 30.93 30.66 30.69 40M
Pfizer PFE 27.33 27.60 27.23 27.37 32.6M
General Electric GE 37.22 37.56 37.11 37.34 30.6M
Oracle Corp. ORCL 19.39 19.46 19.20 19.37 22.2M
Apple AAPL 112.49 113.75 112.01 113.54 20.4M
ExxonMobil XOM 83.40 84.14 82.73 82.77 19.1M
ConocoPhillips COP 75.00 76.90 75.00 75.85 18.1M
Amazon AMZN 68.48 69.07 67.21 68.88 17.2M
Verizon Communications VZ 42.66 43.00 42.50 42.61 16.6M
AT&T Inc. T 40.60 40.71 40.22 40.44 15.5M
HP Inc. HPQ 45.18 45.76 45.00 45.58 15M
Merck MRK 54.10 55.14 54.00 54.15 14.5M
Comcast CMCSA 27.54 27.54 27.24 27.36 14.3M
Altria MO 71.69 71.86 70.86 71.68 14.2M
Wells Fargo & Co. WFC 36.30 36.32 35.97 36.00 12.8M
Abbott Laboratories ABT 58.39 58.50 57.59 57.69 12.5M
Amgen AMGN 54.29 54.48 53.69 53.96 11.4M
Wal-Mart Stores WMT 46.57 46.80 46.47 46.54 11.2M
McDonald's MCD 52.13 52.58 51.95 52.50 9.92M
Procter & Gamble PG 63.01 63.32 62.80 63.00 9.68M
JPMorgan Chase JPM 52.56 52.68 52.09 52.29 9.67M
Coca-Cola KO 51.95 51.97 51.42 51.48 9.53M
Home Depot HD 38.60 38.70 38.35 38.53 9.35M
Chevron CVX 82.83 83.23 82.04 82.18 9.21M
Johnson & Johnson JNJ 63.55 63.88 63.30 63.58 8.89M
Bristol-Myers Squibb BMY 30.14 30.32 29.79 30.22 7.81M
Alphabet GOOGL 473.00 479.01 473.00 475.86 7.67M
Schlumberger SLB 80.14 80.73 78.71 79.11 7.44M
Walt Disney & Co. DIS 36.70 36.70 36.10 36.27 7.25M
UnitedHealth Group UNH 53.90 54.35 53.35 53.89 6.66M
Pepsico PEP 68.83 69.00 68.37 68.67 6.33M
International Business Machines IBM 106.95 107.25 106.01 106.70 5.31M
United Technologies UTX 69.00 69.30 68.70 69.21 4.18M
Boeing BA 97.24 97.60 96.36 96.48 3.78M
3M MMM 87.06 88.05 87.04 87.78 3.57M
Gilead Sciences GILD 83.07 84.45 82.43 83.72 3.02M
Union Pacific UNP 120.50 120.50 117.64 118.56 1.57M
Berkshire Hathaway BRK.B 3634.00 3660.00 3631.50 3643.50 15.1K
Exchange Rates of May 22, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.540 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.086 CAD 1 CAD = 0.921 USD
US Dollar Swiss Franc 1 USD = 1.230 CHF 1 CHF = 0.813 USD
US Dollar Chinese Yuan 1 USD = 7.655 CNY 1 CNY = 0.131 USD
Euro Japanese Yen 1 EUR = 163.450 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.469 EUR
Euro Australian Dollar 1 EUR = 1.641 AUD 1 AUD = 0.609 EUR
Euro Canadian Dollar 1 EUR = 1.461 CAD 1 CAD = 0.685 EUR
Euro Swiss Franc 1 EUR = 1.654 CHF 1 CHF = 0.605 EUR
Japanese Yen Pound Sterling 1 JPY = 0.416 GBP 1 GBP = 2.402 JPY
Japanese Yen Australian Dollar 1 JPY = 1.004 AUD 1 AUD = 0.997 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.893 CAD 1 CAD = 1.120 JPY
Japanese Yen Swiss Franc 1 JPY = 1.012 CHF 1 CHF = 0.989 JPY
Pound Sterling Australian Dollar 1 GBP = 2.410 AUD 1 AUD = 0.415 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.145 CAD 1 CAD = 0.466 GBP
Pound Sterling Swiss Franc 1 GBP = 2.428 CHF 1 CHF = 0.412 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.889 CAD 1 CAD = 1.124 AUD
Australian Dollar Swiss Franc 1 AUD = 1.007 CHF 1 CHF = 0.993 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.132 CHF 1 CHF = 0.884 CAD

See what else happened on May 22, 2007