Financial news on February 27, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.49 20.60 20.01 20.03 99M
Microsoft MSFT 28.71 28.97 27.79 27.87 87.1M
Cisco Systems CSCO 26.75 26.95 25.44 25.71 78.6M
Pfizer PFE 25.48 25.90 25.00 25.14 48.3M
Apple AAPL 86.30 87.08 83.41 83.93 40.9M
Oracle Corp. ORCL 16.65 16.80 16.29 16.29 39.8M
ExxonMobil XOM 74.89 75.23 71.38 71.83 34.6M
AT&T Inc. T 37.51 37.72 35.19 36.15 33.9M
Comcast CMCSA 26.29 26.29 24.92 25.30 32.1M
General Electric GE 35.30 35.69 34.50 34.66 31.8M
HP Inc. HPQ 39.50 39.80 38.47 38.92 25.8M
Abbott Laboratories ABT 54.08 54.90 52.40 53.84 24.7M
Verizon Communications VZ 38.35 38.35 35.83 36.63 23.6M
Home Depot HD 40.49 40.52 39.56 39.82 23.5M
Amgen AMGN 65.35 65.52 63.86 64.25 22.7M
ConocoPhillips COP 66.90 67.53 64.01 65.05 22.2M
JPMorgan Chase JPM 50.61 50.61 47.60 49.22 21.2M
Wal-Mart Stores WMT 49.60 49.78 48.20 48.20 20.7M
Alphabet GOOGL 455.00 459.80 447.17 448.77 18.6M
Johnson & Johnson JNJ 64.00 64.24 62.72 63.05 18.6M
Altria MO 85.11 85.50 81.17 82.67 17.6M
Procter & Gamble PG 64.37 64.73 61.25 61.25 16.5M
Wells Fargo & Co. WFC 35.15 35.50 33.80 34.39 15.7M
Merck MRK 44.28 44.50 42.35 43.18 15.4M
Coca-Cola KO 47.47 47.84 45.56 46.39 15.2M
Walt Disney & Co. DIS 34.75 35.00 32.65 33.10 15.2M
Chevron CVX 71.11 71.22 68.02 68.58 13.9M
Schlumberger SLB 63.62 64.45 61.93 62.80 12.6M
International Business Machines IBM 96.00 96.01 92.88 93.96 12M
Bristol-Myers Squibb BMY 26.94 27.20 25.89 26.36 11M
McDonald's MCD 45.54 45.75 44.00 44.46 9.69M
Amazon AMZN 40.19 40.54 38.78 38.83 8.85M
UnitedHealth Group UNH 53.22 53.68 50.94 51.71 8.62M
Pepsico PEP 64.39 65.00 62.50 62.76 8.26M
Gilead Sciences GILD 73.40 73.40 70.00 70.58 7.68M
United Technologies UTX 66.25 66.80 64.75 65.46 6.96M
Boeing BA 88.00 88.70 85.24 87.20 5.94M
3M MMM 76.13 76.18 73.52 74.50 5.87M
Union Pacific UNP 100.50 102.43 96.50 97.99 4.04M
Berkshire Hathaway BRK.B 3545.00 3545.00 3460.00 3479.00 60.7K
Exchange Rates of February 27, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.920 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.167 CAD 1 CAD = 0.857 USD
US Dollar Swiss Franc 1 USD = 1.218 CHF 1 CHF = 0.821 USD
US Dollar Chinese Yuan 1 USD = 7.741 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 156.130 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.482 EUR
Euro Australian Dollar 1 EUR = 1.680 AUD 1 AUD = 0.595 EUR
Euro Canadian Dollar 1 EUR = 1.545 CAD 1 CAD = 0.647 EUR
Euro Swiss Franc 1 EUR = 1.612 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.432 GBP 1 GBP = 2.315 JPY
Japanese Yen Australian Dollar 1 JPY = 1.076 AUD 1 AUD = 0.930 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.989 CAD 1 CAD = 1.011 JPY
Japanese Yen Swiss Franc 1 JPY = 1.032 CHF 1 CHF = 0.969 JPY
Pound Sterling Australian Dollar 1 GBP = 2.491 AUD 1 AUD = 0.401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.290 CAD 1 CAD = 0.437 GBP
Pound Sterling Swiss Franc 1 GBP = 2.389 CHF 1 CHF = 0.419 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.919 CAD 1 CAD = 1.089 AUD
Australian Dollar Swiss Franc 1 AUD = 0.959 CHF 1 CHF = 1.043 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.043 CHF 1 CHF = 0.959 CAD

See what else happened on February 27, 2007