Financial news on February 23, 2007

Business and Financial news
CBS Reaches Deals With 9 Cable Operators for Compensation to Carry Its Programs

CBS said it concluded a series of agreements with cable system operators that would generate a new stream of revenue for the network. Read more..

By BILL CARTER - The New York Times

Current Hedge Fund Rules Work, Regulators Say

Market discipline will protect investors and the economy from problems with hedge funds, regulators said today. Read more..

By STEPHEN LABATON - The New York Times

Fox Interactive Acquires Technology Ad Company

Fox Interactive Media, the unit of News Corporation that operates MySpace, acquired the Strategic Data Corporation to help increase revenue from the popular social networking site. Read more..

By LOUISE STORY - The New York Times

GQ Hopes to Make the ā€˜Gā€™ Stand for Generosity

Burnishing the image of a brand or company by forging ties with a philanthropy or charity is becoming increasingly popular on Madison Avenue. Read more..

By STUART ELLIOTT - The New York Times

Joseph E. Gallo, 87, Brother Who Left Wine for Cheese, Dies

Joseph E. Gallo was the California cheese maker who battled his winemaking brothers over the use of the family name. Read more..

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

MP3 Patents in Upheaval After Verdict

Microsoft was ordered by a federal jury to pay $1.52 billion in a patent dispute over the MP3 format. Read more..

By SAUL HANSELL - The New York Times

Officials Reject More Oversight of Hedge Funds

The Bush administration said there was no need for greater government oversight of the industry. Read more..

By STEPHEN LABATON - The New York Times

Stock Exchanges in a Rush to Forge Links With One Another

The hope is that alliances will set the stage for more substantive ventures in the future. Read more..

By HEATHER TIMMONS - The New York Times

Two Large Advertisers Place Accounts in Review

Hyundai and CareerBuilder will have new agencies because the incumbents are bowing out rather than try to keep the assignments. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.83 21.00 20.75 20.76 75.8M
Microsoft MSFT 29.22 29.28 28.89 28.90 63.8M
Oracle Corp. ORCL 17.24 17.26 16.71 16.82 54.2M
Cisco Systems CSCO 27.35 27.67 27.35 27.51 40.6M
General Electric GE 35.33 35.35 35.09 35.10 38.2M
Pfizer PFE 25.80 25.92 25.56 25.62 38M
Amgen AMGN 66.50 67.50 65.96 66.23 19.4M
Apple AAPL 89.16 90.34 88.85 89.07 18.5M
Comcast CMCSA 27.27 27.40 26.81 27.13 18.4M
ExxonMobil XOM 75.29 75.55 75.04 75.22 17.7M
Wells Fargo & Co. WFC 36.17 36.21 35.54 35.63 15.8M
Coca-Cola KO 47.30 47.30 47.30 47.30 14.8M
HP Inc. HPQ 40.68 41.08 40.59 40.82 14.4M
Home Depot HD 41.35 41.49 40.81 40.96 13.7M
AT&T Inc. T 36.97 37.17 36.80 37.00 12.2M
Johnson & Johnson JNJ 64.61 64.61 63.99 64.15 11.6M
ConocoPhillips COP 67.27 67.74 67.10 67.20 11.6M
Wal-Mart Stores WMT 49.55 49.89 49.29 49.57 11.1M
Verizon Communications VZ 38.44 38.52 37.90 38.41 10.5M
Abbott Laboratories ABT 53.32 53.77 53.20 53.59 10.4M
JPMorgan Chase JPM 51.55 51.75 50.72 51.03 10M
Merck MRK 43.20 43.22 42.80 42.94 9.36M
Chevron CVX 71.00 71.28 70.57 71.07 7.86M
Alphabet GOOGL 475.75 476.95 467.80 470.62 7.76M
Bristol-Myers Squibb BMY 27.08 27.15 26.94 27.05 7.59M
Schlumberger SLB 65.31 65.75 64.58 64.58 7.54M
Walt Disney & Co. DIS 35.10 35.21 34.98 35.14 7.25M
International Business Machines IBM 98.40 98.44 97.41 97.73 6.36M
Altria MO 84.50 85.72 84.40 85.38 6.05M
Procter & Gamble PG 64.78 64.93 64.46 64.82 5.54M
Amazon AMZN 41.00 41.20 40.74 40.78 5.5M
UnitedHealth Group UNH 54.08 54.29 52.88 53.03 4.59M
McDonald's MCD 46.05 46.21 45.83 46.01 3.86M
Pepsico PEP 64.43 64.68 64.23 64.58 3.38M
United Technologies UTX 67.25 67.59 67.01 67.55 2.62M
Gilead Sciences GILD 74.20 74.46 72.90 73.63 2.44M
Boeing BA 90.21 90.85 90.00 90.28 2.34M
Union Pacific UNP 103.50 104.32 102.87 103.53 2.06M
3M MMM 76.49 76.57 75.95 76.21 1.99M
Berkshire Hathaway BRK.B 3575.00 3575.00 3547.00 3562.00 16.8K
Exchange Rates of February 23, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.060 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.160 CAD 1 CAD = 0.862 USD
US Dollar Swiss Franc 1 USD = 1.233 CHF 1 CHF = 0.811 USD
US Dollar Chinese Yuan 1 USD = 7.750 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 159.390 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.492 EUR
Euro Australian Dollar 1 EUR = 1.662 AUD 1 AUD = 0.602 EUR
Euro Canadian Dollar 1 EUR = 1.526 CAD 1 CAD = 0.655 EUR
Euro Swiss Franc 1 EUR = 1.623 CHF 1 CHF = 0.616 EUR
Japanese Yen Pound Sterling 1 JPY = 0.420 GBP 1 GBP = 2.379 JPY
Japanese Yen Australian Dollar 1 JPY = 1.042 AUD 1 AUD = 0.959 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.957 CAD 1 CAD = 1.045 JPY
Japanese Yen Swiss Franc 1 JPY = 1.018 CHF 1 CHF = 0.983 JPY
Pound Sterling Australian Dollar 1 GBP = 2.480 AUD 1 AUD = 0.403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.277 CAD 1 CAD = 0.439 GBP
Pound Sterling Swiss Franc 1 GBP = 2.420 CHF 1 CHF = 0.413 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.918 CAD 1 CAD = 1.090 AUD
Australian Dollar Swiss Franc 1 AUD = 0.975 CHF 1 CHF = 1.025 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.063 CHF 1 CHF = 0.941 CAD

See what else happened on February 23, 2007