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

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 18.22 18.43 18.02 18.39 50.5M
Abbott Laboratories ABT 55.36 57.26 55.05 57.24 47.9M
Microsoft MSFT 27.94 28.22 27.70 28.22 47.5M
Cisco Systems CSCO 26.23 26.35 25.81 26.34 44.7M
Intel INTC 19.26 19.34 19.05 19.29 39.2M
Apple AAPL 93.99 95.90 93.30 95.85 30.9M
General Electric GE 35.76 36.00 35.44 36.00 29.7M
Pfizer PFE 25.51 25.74 25.35 25.67 28.6M
ExxonMobil XOM 75.44 75.69 74.51 75.47 27.5M
AT&T Inc. T 38.96 39.35 38.65 39.31 22.7M
Verizon Communications VZ 38.03 38.04 37.37 37.67 19.1M
Johnson & Johnson JNJ 60.33 60.80 59.87 60.25 17.4M
Amgen AMGN 58.31 58.34 57.04 57.14 16.1M
Altria MO 85.21 85.64 84.59 84.95 15.3M
Comcast CMCSA 26.44 26.50 26.07 26.30 13.6M
ConocoPhillips COP 69.51 70.03 68.97 69.56 13.5M
Wal-Mart Stores WMT 47.81 47.92 47.15 47.84 12.7M
Wells Fargo & Co. WFC 34.84 35.00 34.42 34.68 11.9M
JPMorgan Chase JPM 48.55 48.78 47.94 48.70 11.9M
Home Depot HD 38.15 38.28 37.58 37.91 11.8M
HP Inc. HPQ 40.19 40.55 40.00 40.44 10.5M
Chevron CVX 74.11 74.55 73.51 74.40 10.1M
Schlumberger SLB 69.25 69.65 68.61 69.58 10M
Walt Disney & Co. DIS 34.89 35.25 34.80 35.22 9.95M
UnitedHealth Group UNH 56.29 57.10 56.20 56.88 9.69M
Merck MRK 44.26 44.46 43.75 44.07 9.63M
Alphabet GOOGL 460.55 465.00 455.62 465.00 9.41M
Procter & Gamble PG 63.60 63.92 63.27 63.90 7.49M
United Technologies UTX 67.20 67.30 65.93 66.41 7.35M
Coca-Cola KO 47.95 48.19 47.68 48.15 7.19M
International Business Machines IBM 94.84 95.25 94.32 95.00 6.73M
Bristol-Myers Squibb BMY 27.44 27.68 27.25 27.62 6.17M
Pepsico PEP 64.02 64.04 63.32 63.89 5.32M
McDonald's MCD 44.95 45.49 44.65 45.12 5.3M
Gilead Sciences GILD 74.43 75.45 73.41 75.30 3.8M
3M MMM 77.66 77.67 76.94 77.38 3.54M
Amazon AMZN 38.98 39.05 38.43 39.01 3.52M
Boeing BA 90.88 90.94 89.84 90.83 3.27M
Union Pacific UNP 105.08 105.70 102.19 102.63 2.38M
Berkshire Hathaway BRK.B 3613.00 3613.00 3595.00 3603.50 8.9K
Exchange Rates of March 26, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.110 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.161 CAD 1 CAD = 0.861 USD
US Dollar Swiss Franc 1 USD = 1.216 CHF 1 CHF = 0.823 USD
US Dollar Chinese Yuan 1 USD = 7.736 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 157.450 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.677 GBP 1 GBP = 1.478 EUR
Euro Australian Dollar 1 EUR = 1.645 AUD 1 AUD = 0.608 EUR
Euro Canadian Dollar 1 EUR = 1.548 CAD 1 CAD = 0.646 EUR
Euro Swiss Franc 1 EUR = 1.621 CHF 1 CHF = 0.617 EUR
Japanese Yen Pound Sterling 1 JPY = 0.430 GBP 1 GBP = 2.328 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.983 CAD 1 CAD = 1.018 JPY
Japanese Yen Swiss Franc 1 JPY = 1.029 CHF 1 CHF = 0.972 JPY
Pound Sterling Australian Dollar 1 GBP = 2.431 AUD 1 AUD = 0.411 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.287 CAD 1 CAD = 0.437 GBP
Pound Sterling Swiss Franc 1 GBP = 2.393 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.940 CAD 1 CAD = 1.064 AUD
Australian Dollar Swiss Franc 1 AUD = 0.984 CHF 1 CHF = 1.016 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.046 CHF 1 CHF = 0.956 CAD

See what else happened on March 26, 2007