Financial news on May 23, 2007
Business and Financial news
The Canadian aluminum producer Alcan rejected a $27.4 billion hostile bid from a rival, Alcoa, calling the offer inadequate. Read more..
In Europe, shareholder activism now seems to be moving into the hands of ordinary investors. Read more..
Nortel Networks said it would pay 1 million Canadian dollars ($921,000) as part of a settlement with the Ontario Securities Commission. The payment is not a fine. The company called it a contribution toward the cost of the commission’s inves... Read more..
The acquisition will increase the original Internet video offerings produced by CBS’s interactive unit. Read more..
The $2.1 billion deal gives Vivendi unmatched market power in determining how much performers and songwriters earn from their creations. Read more..
German investor confidence rose to an 11-month high in May as company profits surged and economists raised their forecasts for growth this year. The Center for European Economic Research in Mannheim said its index of investor and analyst expectati... Read more..
Google said it invested $3.9 million this month in 23andMe, a biotech company co-founded last year by Sergey Brin’s wife. Read more..
Ben Weston, the chief of its hedge fund development and management group, has left the firm after two years. Read more..
OSI Restaurant Partners agreed to a higher $3.1 billion takeover offer from a group led by Bain Capital Partners and Catterton Partners. Read more..
The hedge fund stars may gleam, but the average fund did worse last year, after fees, than the S.& P. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Intel | INTC | 22,99 | 23,14 | 22,65 | 22,67 | 63.6M |
Cisco Systems | CSCO | 26,41 | 26,43 | 25,88 | 25,97 | 54.8M |
Microsoft | MSFT | 30,84 | 30,84 | 30,57 | 30,58 | 46.3M |
Amazon | AMZN | 69,21 | 73,31 | 68,79 | 69,00 | 42.6M |
General Electric | GE | 37,45 | 37,80 | 37,34 | 37,60 | 34.3M |
Pfizer | PFE | 27,37 | 27,54 | 27,26 | 27,34 | 33.8M |
Apple | AAPL | 114,02 | 115,00 | 112,59 | 112,89 | 32.5M |
Oracle Corp. | ORCL | 19,38 | 19,47 | 19,15 | 19,16 | 23.1M |
ExxonMobil | XOM | 83,00 | 83,62 | 82,69 | 82,99 | 19.9M |
HP Inc. | HPQ | 45,80 | 46,11 | 45,58 | 45,63 | 19.6M |
ConocoPhillips | COP | 76,58 | 77,77 | 76,25 | 76,71 | 19M |
Amgen | AMGN | 54,63 | 55,11 | 54,29 | 54,74 | 17.1M |
Verizon Communications | VZ | 42,65 | 43,03 | 42,36 | 42,67 | 15.1M |
AT&T Inc. | T | 40,45 | 40,70 | 40,28 | 40,41 | 15M |
Wells Fargo & Co. | WFC | 36,06 | 36,19 | 35,90 | 36,09 | 14.5M |
Wal-Mart Stores | WMT | 46,76 | 47,14 | 46,32 | 46,33 | 14.3M |
Chevron | CVX | 82,18 | 82,91 | 81,17 | 81,40 | 14.2M |
Comcast | CMCSA | 27,42 | 27,76 | 27,19 | 27,33 | 11.6M |
JPMorgan Chase | JPM | 52,33 | 52,64 | 51,93 | 51,99 | 11.2M |
Home Depot | HD | 38,72 | 39,13 | 38,61 | 38,78 | 10.9M |
Abbott Laboratories | ABT | 57,70 | 58,06 | 57,13 | 57,21 | 10.6M |
Alphabet | GOOGL | 480,82 | 483,41 | 473,75 | 473,97 | 10.1M |
Merck | MRK | 54,38 | 54,70 | 54,10 | 54,35 | 10M |
Johnson & Johnson | JNJ | 63,77 | 64,10 | 63,64 | 63,81 | 9.82M |
Schlumberger | SLB | 79,18 | 81,83 | 79,11 | 80,60 | 9.08M |
Walt Disney & Co. | DIS | 36,27 | 36,79 | 36,25 | 36,48 | 7.89M |
Altria | MO | 71,99 | 72,00 | 71,25 | 71,39 | 7.79M |
Procter & Gamble | PG | 63,03 | 63,43 | 63,02 | 63,10 | 7.69M |
Coca-Cola | KO | 51,64 | 51,77 | 51,24 | 51,33 | 7.58M |
McDonald's | MCD | 52,35 | 52,50 | 51,35 | 51,57 | 7.07M |
UnitedHealth Group | UNH | 53,89 | 54,25 | 53,61 | 53,93 | 6.72M |
Bristol-Myers Squibb | BMY | 30,06 | 30,23 | 29,84 | 30,00 | 6.58M |
Boeing | BA | 95,95 | 96,45 | 95,36 | 95,57 | 4.56M |
Pepsico | PEP | 68,75 | 68,92 | 68,54 | 68,69 | 4.41M |
International Business Machines | IBM | 106,80 | 107,00 | 105,25 | 105,58 | 4.4M |
Gilead Sciences | GILD | 83,61 | 84,47 | 82,51 | 82,57 | 4.25M |
United Technologies | UTX | 69,25 | 69,30 | 68,69 | 68,85 | 3.8M |
3M | MMM | 87,65 | 88,49 | 87,57 | 87,94 | 3.39M |
Union Pacific | UNP | 119,12 | 119,50 | 118,33 | 118,90 | 1.72M |
Berkshire Hathaway | BRK.B | 3640,00 | 3649,00 | 3628,50 | 3639,00 | 6.9K |
Exchange Rates of May 23, 2007
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 121,650 JPY | 1 JPY = 0,008 USD |
US Dollar | Canadian Dollar | 1 USD = 1,082 CAD | 1 CAD = 0,924 USD |
US Dollar | Swiss Franc | 1 USD = 1,228 CHF | 1 CHF = 0,815 USD |
US Dollar | Chinese Yuan | 1 USD = 7,653 CNY | 1 CNY = 0,131 USD |
Euro | Japanese Yen | 1 EUR = 163,730 JPY | 1 JPY = 0,006 EUR |
Euro | Pound Sterling | 1 EUR = 0,677 GBP | 1 GBP = 1,476 EUR |
Euro | Australian Dollar | 1 EUR = 1,633 AUD | 1 AUD = 0,612 EUR |
Euro | Canadian Dollar | 1 EUR = 1,456 CAD | 1 CAD = 0,687 EUR |
Euro | Swiss Franc | 1 EUR = 1,652 CHF | 1 CHF = 0,605 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0,414 GBP | 1 GBP = 2,418 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0,997 AUD | 1 AUD = 1,003 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0,889 CAD | 1 CAD = 1,125 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1,009 CHF | 1 CHF = 0,991 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2,411 AUD | 1 AUD = 0,415 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2,150 CAD | 1 CAD = 0,465 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2,439 CHF | 1 CHF = 0,410 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0,891 CAD | 1 CAD = 1,122 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 1,011 CHF | 1 CHF = 0,989 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1,134 CHF | 1 CHF = 0,882 CAD |
See what else happened on May 23, 2007