Financial news on March 23, 2007

Business and Financial news
As Cellphone Industry Shifts, Motorola Needs a Quick Fix and a Long-Term Plan

In the long run, analysts suggest that Motorola needs to turn away from the hit-driven business model. Read more..

By IAN AUSTEN - The New York Times

Europe Approves Trans-Atlantic Air Pact

European Union governments backed a deal with the United States that would open restricted airline routes to new rivals. Read more..

By NICOLA CLARK and DAN BILEFSKY - The New York Times

For AT&T’s Chief, a 94% Increase in Pay

Did AT&T’s board ever consider the total amount of wealth that Edward E. Whitacre Jr. accumulated in his 43-year career when setting his pay? Read more..

By ERIC DASH - The New York Times

India’s Banks Are Seen as Antiquated and Unproductive

India’s drive to become a global economic powerhouse faces a huge roadblock in its inefficient, largely state-controlled financial system. Read more..

By HEATHER TIMMONS - The New York Times

L.A. Times Opinion Editor Resigns

Andres Martinez said his publisher undermined him by canceling a special section because the guest editor of the section, a Hollywood producer, was represented by Mr. Martinez’s girlfriend. Read more..

By KATHARINE Q. SEELYE - The New York Times

Oracle Says Rival Stole Its Software

Oracle has sued its rival SAP, accusing the big German software maker of intruding into its computer systems to carry out “corporate theft on a grand scale.” Read more..

By STEVE LOHR - The New York Times

Senate Questioning on Mortgages Puts Regulators on the Defensive

Senators criticized banking regulators for failing to respond more quickly to curb the growth in risky home loans to people with weak credit. Read more..

By VIKAS BAJAJ - The New York Times

Surging Real Estate Values Put Giant French Retailer in Play

Carrefour, the world’s second-largest retailer, faces a dynastic squabble and pressure from powerful investors hunting for profit. Read more..

By CRAIG S. SMITH - The New York Times

They’re Looking for a Few Good Coal Miners

A new campaign for Consol Energy seeks to burnish the image of the company— and of coal as an energy source — to help recruit employees. 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
Microsoft MSFT 28.22 28.27 27.80 28.02 50.5M
Intel INTC 19.19 19.36 19.16 19.27 37.6M
Amgen AMGN 58.20 58.48 57.11 58.02 35.3M
Oracle Corp. ORCL 18.46 18.59 18.18 18.24 34.2M
General Electric GE 35.77 35.91 35.60 35.82 33.5M
Cisco Systems CSCO 26.45 26.58 26.19 26.19 31.2M
Pfizer PFE 25.63 25.79 25.50 25.66 29.6M
ExxonMobil XOM 74.73 75.42 74.65 75.02 26.4M
AT&T Inc. T 39.32 39.33 38.75 38.88 20.7M
Johnson & Johnson JNJ 60.90 61.25 60.35 60.51 17.7M
Verizon Communications VZ 38.08 38.53 37.91 38.12 17.4M
Apple AAPL 93.35 94.07 93.30 93.52 16.1M
ConocoPhillips COP 69.12 69.84 68.70 69.25 14.4M
HP Inc. HPQ 40.28 40.60 40.05 40.43 14M
Abbott Laboratories ABT 54.63 54.66 53.75 53.86 13.3M
JPMorgan Chase JPM 48.59 48.89 48.43 48.52 11.7M
Altria MO 86.16 86.83 85.47 85.47 11.7M
Home Depot HD 38.35 38.47 38.07 38.22 11.6M
Comcast CMCSA 26.80 27.00 26.48 26.51 11.5M
Chevron CVX 73.20 74.09 73.20 73.70 10.9M
Wells Fargo & Co. WFC 35.01 35.17 34.81 34.96 9.27M
UnitedHealth Group UNH 55.46 56.74 55.27 56.51 8.67M
Merck MRK 44.32 44.72 44.23 44.45 8.38M
Alphabet GOOGL 461.45 463.39 457.08 461.83 8.21M
Coca-Cola KO 48.13 48.27 47.97 48.05 8.01M
Wal-Mart Stores WMT 47.95 48.15 47.75 47.91 7.99M
Walt Disney & Co. DIS 35.06 35.31 34.87 34.99 7.27M
Procter & Gamble PG 63.53 63.98 63.45 63.80 7.08M
Schlumberger SLB 69.35 69.69 68.27 69.10 6.92M
Bristol-Myers Squibb BMY 27.80 27.89 27.32 27.60 6.83M
McDonald's MCD 44.42 45.14 44.34 45.05 6.04M
Gilead Sciences GILD 74.90 75.49 74.37 74.58 5.17M
International Business Machines IBM 94.86 95.22 94.65 95.03 4.41M
Union Pacific UNP 100.55 104.66 100.20 104.20 3.99M
United Technologies UTX 65.88 66.90 65.65 66.73 3.4M
Pepsico PEP 63.85 64.16 63.76 64.09 3.15M
Amazon AMZN 39.56 39.60 38.98 38.98 2.94M
3M MMM 77.59 78.16 77.39 77.97 2.78M
Boeing BA 89.79 91.31 89.79 90.98 2.3M
Berkshire Hathaway BRK.B 3595.00 3627.00 3593.00 3600.50 8K
Exchange Rates of March 23, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.070 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.161 CAD 1 CAD = 0.862 USD
US Dollar Swiss Franc 1 USD = 1.219 CHF 1 CHF = 0.820 USD
US Dollar Chinese Yuan 1 USD = 7.733 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 156.830 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.677 GBP 1 GBP = 1.477 EUR
Euro Australian Dollar 1 EUR = 1.650 AUD 1 AUD = 0.606 EUR
Euro Canadian Dollar 1 EUR = 1.542 CAD 1 CAD = 0.649 EUR
Euro Swiss Franc 1 EUR = 1.619 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.431 GBP 1 GBP = 2.318 JPY
Japanese Yen Australian Dollar 1 JPY = 1.052 AUD 1 AUD = 0.951 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.983 CAD 1 CAD = 1.018 JPY
Japanese Yen Swiss Franc 1 JPY = 1.032 CHF 1 CHF = 0.969 JPY
Pound Sterling Australian Dollar 1 GBP = 2.437 AUD 1 AUD = 0.410 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.277 CAD 1 CAD = 0.439 GBP
Pound Sterling Swiss Franc 1 GBP = 2.391 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.934 CAD 1 CAD = 1.071 AUD
Australian Dollar Swiss Franc 1 AUD = 0.981 CHF 1 CHF = 1.020 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.050 CHF 1 CHF = 0.952 CAD

See what else happened on March 23, 2007