Financial news on April 23, 2007

Business and Financial news
ABN Amro Agrees to Sell to Barclays of Britain

The merger is reportedly worth more than $90 billion, one of the largest European bank deals ever. Read more..

By JULIA WERDIGIER and MICHAEL J. de la MERCED - The New York Times

A Medical Journal Punishes a Cardiologist for Allegedly Violating a Cardinal Rule

A prominent Columbia University cardiologist has been censured for breaking an embargo on the results of a major heart study. Read more..

By BARNABY J. FEDER - The New York Times

Former Media Executives Give New Life to ‘Blank Check’ Corporations

An obscure financing technique called “special purpose acquisition corporations,” or SPACs, are increasingly being used as an alternative to private equity. Read more..

By RICHARD SIKLOS - The New York Times

New Model for Sharing: Free Music With Ads

Several start-up companies are pursuing the idea of advertising-supported music on peer-to-peer file-sharing networks. Read more..

By ROBERT LEVINE - The New York Times

Philadelphia Journalism’s New Order

At The Philadelphia Inquirer, a joint venture with an advertiser that in other times might have raised questions is being rethought. Read more..

By KATHARINE Q. SEELYE - The New York Times

Rancor Rises Over Santa Barbara Newspaper

The Santa Barbara News-Press published a story suggesting that the paper’s former editor had kept child pornography on his work computer. Read more..

By SHARON WAXMAN - The New York Times

Stock Offerings This Week

The following equity and convertible debt offerings are expected this week:. Read more..

By THE NEW YORK TIMES - The New York Times

The Greater (and the Lesser) Considered at the Ad Summit

The highlights, lowlights and sidelights of the 2007 management conference of the American Association of Advertising Agencies. Read more..

By STUART ELLIOTT - The New York Times

Treasury Bills Scheduled for This Week

The Treasury’s schedule of financing this week includes today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow. 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 22.03 22.13 21.79 21.91 55.8M
Pfizer PFE 26.61 26.75 26.26 26.35 48.6M
Microsoft MSFT 28.96 28.99 28.67 28.78 41.7M
Cisco Systems CSCO 26.91 26.94 26.50 26.58 38.5M
General Electric GE 35.04 35.15 34.78 34.80 35.2M
Apple AAPL 91.59 93.80 91.42 93.51 27.9M
Oracle Corp. ORCL 18.97 19.09 18.90 18.94 24.8M
AT&T Inc. T 39.94 40.14 39.35 39.77 23.8M
ExxonMobil XOM 79.33 79.98 79.10 79.20 23.6M
Amgen AMGN 62.23 63.00 61.85 62.19 18.9M
ConocoPhillips COP 70.95 71.66 70.39 70.60 17.3M
Merck MRK 51.31 52.10 51.00 51.67 14.7M
Wal-Mart Stores WMT 49.60 49.95 48.84 48.93 14.1M
JPMorgan Chase JPM 52.25 52.70 52.05 52.28 12.7M
Chevron CVX 78.06 78.88 77.40 77.56 12.2M
Comcast CMCSA 27.89 28.13 27.48 27.65 11.5M
Alphabet GOOGL 480.10 485.00 478.26 479.08 11.3M
Abbott Laboratories ABT 57.50 57.80 57.10 57.21 11M
Johnson & Johnson JNJ 64.93 65.12 64.68 64.75 10.9M
HP Inc. HPQ 41.20 41.70 41.00 41.41 10.7M
Schlumberger SLB 75.75 76.50 74.32 74.55 10.6M
Wells Fargo & Co. WFC 36.37 36.42 36.01 36.02 9.4M
Verizon Communications VZ 37.94 37.99 37.37 37.55 8.56M
Altria MO 69.59 69.90 69.31 69.33 8.46M
Home Depot HD 39.19 39.39 39.05 39.21 7.91M
UnitedHealth Group UNH 53.20 54.03 53.00 53.95 7.87M
Bristol-Myers Squibb BMY 28.69 28.76 28.41 28.51 7.52M
International Business Machines IBM 95.35 95.73 95.05 95.21 7.25M
Coca-Cola KO 52.09 52.20 51.59 51.65 7.23M
Amazon AMZN 44.27 44.81 44.16 44.77 7.09M
Walt Disney & Co. DIS 35.20 35.30 35.03 35.08 6.98M
McDonald's MCD 48.40 48.80 48.23 48.64 6.82M
Procter & Gamble PG 63.80 64.00 63.55 63.63 6.75M
Gilead Sciences GILD 82.51 84.13 82.51 83.19 6.7M
United Technologies UTX 67.55 68.04 67.48 67.78 6.09M
Boeing BA 93.95 94.24 93.31 93.64 4.9M
Pepsico PEP 66.56 66.96 66.55 66.59 4.42M
3M MMM 77.89 77.89 77.01 77.28 3.57M
Union Pacific UNP 116.92 117.84 116.50 116.60 1.66M
Berkshire Hathaway BRK.B 3630.00 3652.50 3630.00 3636.00 13.4K
Exchange Rates of April 23, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.640 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.122 CAD 1 CAD = 0.891 USD
US Dollar Swiss Franc 1 USD = 1.210 CHF 1 CHF = 0.827 USD
US Dollar Chinese Yuan 1 USD = 7.723 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 161.070 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.678 GBP 1 GBP = 1.474 EUR
Euro Australian Dollar 1 EUR = 1.631 AUD 1 AUD = 0.613 EUR
Euro Canadian Dollar 1 EUR = 1.523 CAD 1 CAD = 0.657 EUR
Euro Swiss Franc 1 EUR = 1.642 CHF 1 CHF = 0.609 EUR
Japanese Yen Pound Sterling 1 JPY = 0.421 GBP 1 GBP = 2.376 JPY
Japanese Yen Australian Dollar 1 JPY = 1.012 AUD 1 AUD = 0.988 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.945 CAD 1 CAD = 1.058 JPY
Japanese Yen Swiss Franc 1 JPY = 1.019 CHF 1 CHF = 0.981 JPY
Pound Sterling Australian Dollar 1 GBP = 2.404 AUD 1 AUD = 0.416 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.245 CAD 1 CAD = 0.445 GBP
Pound Sterling Swiss Franc 1 GBP = 2.420 CHF 1 CHF = 0.413 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.933 CAD 1 CAD = 1.072 AUD
Australian Dollar Swiss Franc 1 AUD = 1.006 CHF 1 CHF = 0.994 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.078 CHF 1 CHF = 0.928 CAD

See what else happened on April 23, 2007