Financial news on March 26, 2007

Business and Financial news
Buyer of Distressed Properties Sees Opportunity in Newspapers

Samuel Zell, who made billions in real estate, is seeing inefficient markets once again, this time in newspapers. Read more..

By KATHARINE Q. SEELYE and TERRY PRISTIN - The New York Times

Despite Choices on TV, the Favorites Reign

Rather than browsing among the myriad channels, viewers tend to pick their own favorites and stick to them. Read more..

By ALEX MINDLIN - The New York Times

Drop in Ad Revenue Raises Tough Question for Newspapers

Industry watchers are wondering whether the decline is part of a short-term slump or whether it signals a deepening systemic problem. Read more..

By KATHARINE Q. SEELYE - The New York Times

European Carmakers Act Pre-emptively to Keep Control

Recent decisions by Porsche and DaimlerChrysler reflect European automakers’ desire to control their own fates. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

Gay Media Outlets Seek Place at the Table at Awards for the Representation of Gays

The organization that recognizes positive portrayals of gays and lesbians in the mainstream media is facing growing pressure to honor its own. Read more..

By JEREMY W. PETERS - The New York Times

Hey, Boss, Permission for a Follow-Up Question?

Judging from a conference call by the News Corporation and NBC Universal, corporate control of the news media is still going strong. Read more..

By RICHARD SIKLOS - The New York Times

New Crop of Books on the Evils of Wall Street Misses Old Standards

A new crop of books about Wall Street aims to capture, if not update, the rich mix of greed, striving, intrigue and vanity. Read more..

By LANDON THOMAS Jr - The New York Times

Praise and Lampoons for the Crimson’s Ombudsman

Reactions to the hiring of an ombudsman for The Harvard Crimson ranged from praise to disappointment. And then there was the online satire. Read more..

By MARIA ASPAN - The New York Times

Remember the Teletubbies? The Brand Owner Hopes So

A new campaign aims to revive the popularity of the Teletubbies, positioning them as retro chic. Read more..

By STUART ELLIOTT - The New York Times

The Week Ahead

ECONOMIC DATA The Commerce Department will release revised figures for fourth-quarter gross domestic product (Thursday), which are expected to confirm a 2.2 percent annualized growth rate for the quarter. The department will also release data on d... Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.2218.4318.0218.3950.5M
Abbott LaboratoriesABT55.3657.2655.0557.2447.9M
MicrosoftMSFT27.9428.2227.7028.2247.5M
Cisco SystemsCSCO26.2326.3525.8126.3444.7M
IntelINTC19.2619.3419.0519.2939.2M
AppleAAPL93.9995.9093.3095.8530.9M
General ElectricGE35.7636.0035.4436.0029.7M
PfizerPFE25.5125.7425.3525.6728.6M
ExxonMobilXOM75.4475.6974.5175.4727.5M
AT&T Inc.T38.9639.3538.6539.3122.7M
Verizon CommunicationsVZ38.0338.0437.3737.6719.1M
Johnson & JohnsonJNJ60.3360.8059.8760.2517.4M
AmgenAMGN58.3158.3457.0457.1416.1M
AltriaMO85.2185.6484.5984.9515.3M
ComcastCMCSA26.4426.5026.0726.3013.6M
ConocoPhillipsCOP69.5170.0368.9769.5613.5M
Wal-Mart StoresWMT47.8147.9247.1547.8412.7M
Wells Fargo & Co.WFC34.8435.0034.4234.6811.9M
JPMorgan ChaseJPM48.5548.7847.9448.7011.9M
Home DepotHD38.1538.2837.5837.9111.8M
HP Inc.HPQ40.1940.5540.0040.4410.5M
ChevronCVX74.1174.5573.5174.4010.1M
SchlumbergerSLB69.2569.6568.6169.5810M
Walt Disney & Co.DIS34.8935.2534.8035.229.95M
UnitedHealth GroupUNH56.2957.1056.2056.889.69M
MerckMRK44.2644.4643.7544.079.63M
AlphabetGOOGL460.55465.00455.62465.009.41M
Procter & GamblePG63.6063.9263.2763.907.49M
United TechnologiesUTX67.2067.3065.9366.417.35M
Coca-ColaKO47.9548.1947.6848.157.19M
International Business MachinesIBM94.8495.2594.3295.006.73M
Bristol-Myers SquibbBMY27.4427.6827.2527.626.17M
PepsicoPEP64.0264.0463.3263.895.32M
McDonald'sMCD44.9545.4944.6545.125.3M
Gilead SciencesGILD74.4375.4573.4175.303.8M
3MMMM77.6677.6776.9477.383.54M
AmazonAMZN38.9839.0538.4339.013.52M
BoeingBA90.8890.9489.8490.833.27M
Union PacificUNP105.08105.70102.19102.632.38M
Berkshire HathawayBRK.B3613.003613.003595.003603.508.9K
Exchange Rates of March 26, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.110 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.161 CAD1 CAD = 0.861 USD
US DollarSwiss Franc1 USD = 1.216 CHF1 CHF = 0.823 USD
US DollarChinese Yuan1 USD = 7.736 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.450 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.677 GBP1 GBP = 1.478 EUR
EuroAustralian Dollar1 EUR = 1.645 AUD1 AUD = 0.608 EUR
EuroCanadian Dollar1 EUR = 1.548 CAD1 CAD = 0.646 EUR
EuroSwiss Franc1 EUR = 1.621 CHF1 CHF = 0.617 EUR
Japanese YenPound Sterling1 JPY = 0.430 GBP1 GBP = 2.328 JPY
Japanese YenAustralian Dollar1 JPY = 1.045 AUD1 AUD = 0.957 JPY
Japanese YenCanadian Dollar1 JPY = 0.983 CAD1 CAD = 1.018 JPY
Japanese YenSwiss Franc1 JPY = 1.029 CHF1 CHF = 0.972 JPY
Pound SterlingAustralian Dollar1 GBP = 2.431 AUD1 AUD = 0.411 GBP
Pound SterlingCanadian Dollar1 GBP = 2.287 CAD1 CAD = 0.437 GBP
Pound SterlingSwiss Franc1 GBP = 2.393 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.940 CAD1 CAD = 1.064 AUD
Australian DollarSwiss Franc1 AUD = 0.984 CHF1 CHF = 1.016 AUD
Canadian DollarSwiss Franc1 CAD = 1.046 CHF1 CHF = 0.956 CAD

See what else happened on March 26, 2007