Financial news on February 27th, 2007

Business and Financial news
Cutbacks at Airbus Approved, but Details Are Not Yet Public

The parent company of the aircraft maker Airbus said its board had approved a turnaround plan, one week after shareholders were asked to overcome narrow national issues. Read more..

By NICOLA CLARK - The New York Times

Honeybees Vanish, Leaving Keepers in Peril

Bees have been disappearing at an alarming rate in 24 states, threatening the production of numerous crops. Read more..

By ALEXEI BARRIONUEVO - The New York Times

Kazaa’s Creators Do Latest Venture by the Book

Joost, the new Web video venture of Niklas Zennstrom and Janus Friis, has struck the mother lode of television programming through its deal with Viacom. Read more..

By JEREMY W. PETERS - The New York Times

Labor Shortage Pushes Mining Companies to Recruit and Pay More

Prices for raw materials had languished for years, but the sector is now trying to meet global demand for iron, copper and other key commodities. Read more..

By WAYNE ARNOLD and HEATHER TIMMONS - The New York Times

Memo Pad

HIGH FLYING More people are going abroad in style. International premium travel — that is, first-class and business-class flying — grew 4.3 percent last year compared with 2005, according to the International Air Transport Association. P... Read more..

By JOE SHARKEY - The New York Times

Mississippi Expects to Be Site of a Toyota Assembly Plant

The governor of Mississippi is expected to announce that his state will be the site of Toyota’s eighth assembly plant in the United States. Read more..

By MICHELINE MAYNARD - The New York Times

Station Casinos Accepts Offer From Founder and Buyout Firm

Station Casinos Inc., which owns 12 casinos in the Las Vegas area, agreed yesterday to a sweetened $5.4 billion takeover bid from the founder’s family and a buyout firm. Read more..

By BLOOMBERG NEWS - The New York Times

Tiffany to Hear Peltz Fund’s Ideas

Tiffany & Company said yesterday that it would consider suggestions on strategy from Trian Fund Management, a New York investment firm that has become its largest shareholder. The company’s stock price rose more than 5 percent, reaching ... Read more..

By BLOOMBERG NEWS - The New York Times

Top Lawyer at WellPoint Is Selected as Next Chief

WellPoint, the nation’s largest health insurer, has picked Angela F. Braly, its general counsel and government affairs strategist, to become its next chief executive. Read more..

By MILT FREUDENHEIM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC20,4920,6020,0120,0399M
MicrosoftMSFT28,7128,9727,7927,8787.1M
Cisco SystemsCSCO26,7526,9525,4425,7178.6M
PfizerPFE25,4825,9025,0025,1448.3M
AppleAAPL86,3087,0883,4183,9340.9M
Oracle Corp.ORCL16,6516,8016,2916,2939.8M
ExxonMobilXOM74,8975,2371,3871,8334.6M
AT&T Inc.T37,5137,7235,1936,1533.9M
ComcastCMCSA26,2926,2924,9225,3032.1M
General ElectricGE35,3035,6934,5034,6631.8M
HP Inc.HPQ39,5039,8038,4738,9225.8M
Abbott LaboratoriesABT54,0854,9052,4053,8424.7M
Verizon CommunicationsVZ38,3538,3535,8336,6323.6M
Home DepotHD40,4940,5239,5639,8223.5M
AmgenAMGN65,3565,5263,8664,2522.7M
ConocoPhillipsCOP66,9067,5364,0165,0522.2M
JPMorgan ChaseJPM50,6150,6147,6049,2221.2M
Wal-Mart StoresWMT49,6049,7848,2048,2020.7M
AlphabetGOOGL455,00459,80447,17448,7718.6M
Johnson & JohnsonJNJ64,0064,2462,7263,0518.6M
AltriaMO85,1185,5081,1782,6717.6M
Procter & GamblePG64,3764,7361,2561,2516.5M
Wells Fargo & Co.WFC35,1535,5033,8034,3915.7M
MerckMRK44,2844,5042,3543,1815.4M
Coca-ColaKO47,4747,8445,5646,3915.2M
Walt Disney & Co.DIS34,7535,0032,6533,1015.2M
ChevronCVX71,1171,2268,0268,5813.9M
SchlumbergerSLB63,6264,4561,9362,8012.6M
International Business MachinesIBM96,0096,0192,8893,9612M
Bristol-Myers SquibbBMY26,9427,2025,8926,3611M
McDonald'sMCD45,5445,7544,0044,469.69M
AmazonAMZN40,1940,5438,7838,838.85M
UnitedHealth GroupUNH53,2253,6850,9451,718.62M
PepsicoPEP64,3965,0062,5062,768.26M
Gilead SciencesGILD73,4073,4070,0070,587.68M
United TechnologiesUTX66,2566,8064,7565,466.96M
BoeingBA88,0088,7085,2487,205.94M
3MMMM76,1376,1873,5274,505.87M
Union PacificUNP100,50102,4396,5097,994.04M
Berkshire HathawayBRK.B3545,003545,003460,003479,0060.7K
Exchange Rates of February 27th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,920 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,167 CAD1 CAD = 0,857 USD
US DollarSwiss Franc1 USD = 1,218 CHF1 CHF = 0,821 USD
US DollarChinese Yuan1 USD = 7,741 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 156,130 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,675 GBP1 GBP = 1,482 EUR
EuroAustralian Dollar1 EUR = 1,680 AUD1 AUD = 0,595 EUR
EuroCanadian Dollar1 EUR = 1,545 CAD1 CAD = 0,647 EUR
EuroSwiss Franc1 EUR = 1,612 CHF1 CHF = 0,620 EUR
Japanese YenPound Sterling1 JPY = 0,432 GBP1 GBP = 2,315 JPY
Japanese YenAustralian Dollar1 JPY = 1,076 AUD1 AUD = 0,930 JPY
Japanese YenCanadian Dollar1 JPY = 0,989 CAD1 CAD = 1,011 JPY
Japanese YenSwiss Franc1 JPY = 1,032 CHF1 CHF = 0,969 JPY
Pound SterlingAustralian Dollar1 GBP = 2,491 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,290 CAD1 CAD = 0,437 GBP
Pound SterlingSwiss Franc1 GBP = 2,389 CHF1 CHF = 0,419 GBP
Australian DollarCanadian Dollar1 AUD = 0,919 CAD1 CAD = 1,089 AUD
Australian DollarSwiss Franc1 AUD = 0,959 CHF1 CHF = 1,043 AUD
Canadian DollarSwiss Franc1 CAD = 1,043 CHF1 CHF = 0,959 CAD

See what else happened on February 27th, 2007