Financial news on March 23rd, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.4618.5918.1818.2434.2M
General ElectricGE35.7735.9135.6035.8233.5M
Cisco SystemsCSCO26.4526.5826.1926.1931.2M
AT&T Inc.T39.3239.3338.7538.8820.7M
Johnson & JohnsonJNJ60.9061.2560.3560.5117.7M
Verizon CommunicationsVZ38.0838.5337.9138.1217.4M
HP Inc.HPQ40.2840.6040.0540.4314M
Abbott LaboratoriesABT54.6354.6653.7553.8613.3M
JPMorgan ChaseJPM48.5948.8948.4348.5211.7M
Home DepotHD38.3538.4738.0738.2211.6M
Wells Fargo & Co.WFC35.0135.1734.8134.969.27M
UnitedHealth GroupUNH55.4656.7455.2756.518.67M
Wal-Mart StoresWMT47.9548.1547.7547.917.99M
Walt Disney & Co.DIS35.0635.3134.8734.997.27M
Procter & GamblePG63.5363.9863.4563.807.08M
Bristol-Myers SquibbBMY27.8027.8927.3227.606.83M
Gilead SciencesGILD74.9075.4974.3774.585.17M
International Business MachinesIBM94.8695.2294.6595.034.41M
Union PacificUNP100.55104.66100.20104.203.99M
United TechnologiesUTX65.8866.9065.6566.733.4M
Berkshire HathawayBRK.B3595.003627.003593.003600.508K
Exchange Rates of March 23rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.070 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.161 CAD1 CAD = 0.862 USD
US DollarSwiss Franc1 USD = 1.219 CHF1 CHF = 0.820 USD
US DollarChinese Yuan1 USD = 7.733 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 156.830 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.677 GBP1 GBP = 1.477 EUR
EuroAustralian Dollar1 EUR = 1.650 AUD1 AUD = 0.606 EUR
EuroCanadian Dollar1 EUR = 1.542 CAD1 CAD = 0.649 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.431 GBP1 GBP = 2.318 JPY
Japanese YenAustralian Dollar1 JPY = 1.052 AUD1 AUD = 0.951 JPY
Japanese YenCanadian Dollar1 JPY = 0.983 CAD1 CAD = 1.018 JPY
Japanese YenSwiss Franc1 JPY = 1.032 CHF1 CHF = 0.969 JPY
Pound SterlingAustralian Dollar1 GBP = 2.437 AUD1 AUD = 0.410 GBP
Pound SterlingCanadian Dollar1 GBP = 2.277 CAD1 CAD = 0.439 GBP
Pound SterlingSwiss Franc1 GBP = 2.391 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.934 CAD1 CAD = 1.071 AUD
Australian DollarSwiss Franc1 AUD = 0.981 CHF1 CHF = 1.020 AUD
Canadian DollarSwiss Franc1 CAD = 1.050 CHF1 CHF = 0.952 CAD

See what else happened on March 23rd, 2007