Financial news on February 23, 2007
Business and Financial news
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..
Market discipline will protect investors and the economy from problems with hedge funds, regulators said today. Read more..
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..
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..
Joseph E. Gallo was the California cheese maker who battled his winemaking brothers over the use of the family name. Read more..
Microsoft was ordered by a federal jury to pay $1.52 billion in a patent dispute over the MP3 format. Read more..
The Bush administration said there was no need for greater government oversight of the industry. Read more..
The hope is that alliances will set the stage for more substantive ventures in the future. Read more..
Hyundai and CareerBuilder will have new agencies because the incumbents are bowing out rather than try to keep the assignments. Read more..
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
| Currencies | Exchange 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