Financial news on April 23rd, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.9126.9426.5026.5838.5M
General ElectricGE35.0435.1534.7834.8035.2M
Oracle Corp.ORCL18.9719.0918.9018.9424.8M
AT&T Inc.T39.9440.1439.3539.7723.8M
Wal-Mart StoresWMT49.6049.9548.8448.9314.1M
JPMorgan ChaseJPM52.2552.7052.0552.2812.7M
Abbott LaboratoriesABT57.5057.8057.1057.2111M
Johnson & JohnsonJNJ64.9365.1264.6864.7510.9M
HP Inc.HPQ41.2041.7041.0041.4110.7M
Wells Fargo & Co.WFC36.3736.4236.0136.029.4M
Verizon CommunicationsVZ37.9437.9937.3737.558.56M
Home DepotHD39.1939.3939.0539.217.91M
UnitedHealth GroupUNH53.2054.0353.0053.957.87M
Bristol-Myers SquibbBMY28.6928.7628.4128.517.52M
International Business MachinesIBM95.3595.7395.0595.217.25M
Walt Disney & Co.DIS35.2035.3035.0335.086.98M
Procter & GamblePG63.8064.0063.5563.636.75M
Gilead SciencesGILD82.5184.1382.5183.196.7M
United TechnologiesUTX67.5568.0467.4867.786.09M
Union PacificUNP116.92117.84116.50116.601.66M
Berkshire HathawayBRK.B3630.003652.503630.003636.0013.4K
Exchange Rates of April 23rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.640 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.122 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.210 CHF1 CHF = 0.827 USD
US DollarChinese Yuan1 USD = 7.723 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 161.070 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.474 EUR
EuroAustralian Dollar1 EUR = 1.631 AUD1 AUD = 0.613 EUR
EuroCanadian Dollar1 EUR = 1.523 CAD1 CAD = 0.657 EUR
EuroSwiss Franc1 EUR = 1.642 CHF1 CHF = 0.609 EUR
Japanese YenPound Sterling1 JPY = 0.421 GBP1 GBP = 2.376 JPY
Japanese YenAustralian Dollar1 JPY = 1.012 AUD1 AUD = 0.988 JPY
Japanese YenCanadian Dollar1 JPY = 0.945 CAD1 CAD = 1.058 JPY
Japanese YenSwiss Franc1 JPY = 1.019 CHF1 CHF = 0.981 JPY
Pound SterlingAustralian Dollar1 GBP = 2.404 AUD1 AUD = 0.416 GBP
Pound SterlingCanadian Dollar1 GBP = 2.245 CAD1 CAD = 0.445 GBP
Pound SterlingSwiss Franc1 GBP = 2.420 CHF1 CHF = 0.413 GBP
Australian DollarCanadian Dollar1 AUD = 0.933 CAD1 CAD = 1.072 AUD
Australian DollarSwiss Franc1 AUD = 1.006 CHF1 CHF = 0.994 AUD
Canadian DollarSwiss Franc1 CAD = 1.078 CHF1 CHF = 0.928 CAD

See what else happened on April 23rd, 2007