Financial news on March 27th, 2007

Business and Financial news
Citigroup to Cut at Least 10,000 in an Overhaul

The move is part of a broad effort to cut costs and streamline the bank’s unwieldy global operations. Read more..


In London, a Trial Over an Anonymous Blog

Testimony has offered new insights into the hands-on style of the chief executive of the WPP Group, and the strong feelings it has sometimes produced. Read more..

By ERIC PFANNER - The New York Times

Intel to Build Advanced Chip-Making Plant in China

Intel has only seven other similar wafer fabrication facilities in the world, mostly in the western United States. Read more..

By DAVID BARBOZA - The New York Times

It Can Hold 853 Passengers, but Why Should You Share?

For some, an Airbus A380, the largest passenger plane, is just the right size for a private jet. Read more..

By JOE SHARKEY - The New York Times

Making Every Day a Sun Day

Making Every Day a Sun Day. Read more..

By STUART ELLIOTT - The New York Times

Memo Pad

TRAVEL COST MORE IN 2006 Average one-way domestic air fares paid by corporations, which dropped to a six-year low in 2005, rose last year to $231, the American Express Business Travel Monitor reported. Average one-way international fares continued... Read more..

By JOE SHARKEY - The New York Times

Robert Petersen, Publisher of Auto Buff Magazines, Dies at 80

Robert E. Petersen channeled his fervor for fast cars with tailfins and chrome-plated engines into a string of successful magazines. Read more..

By DENNIS HEVESI - The New York Times

Tough Days to Be a French Oilman

Total’s aggressive practices may have led to an investigation of the company’s chief executive. Read more..

By CRAIG S. SMITH - The New York Times

When the U.F.O.’s Land, It’s Time for a Long Nap

Business travel is a lot like space travel. The fatigue you experience is pretty much the same. Read more..

By MARK ROSEKIND - The New York Times

Yahoo to Offer a Network for Web Ads on Cellphones

The mobile ad network will allow marketers to place ads not only on Yahoo’s mobile services, but also on those of other online publishers. Read more..

By MIGUEL HELFT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,1526,2425,8525,9339.2M
Oracle Corp.ORCL18,3518,5018,3518,4933.1M
Abbott LaboratoriesABT56,8357,2356,4256,6029.7M
General ElectricGE35,8035,9035,6635,7929.7M
AT&T Inc.T39,1039,8639,0939,4428.4M
UnitedHealth GroupUNH56,5656,6154,9055,8515.2M
Wells Fargo & Co.WFC34,5034,9534,3934,4014.4M
Wal-Mart StoresWMT47,5747,8047,0347,4913M
Home DepotHD37,7337,7937,2837,3412.8M
Johnson & JohnsonJNJ60,1060,2159,9860,0312.7M
Walt Disney & Co.DIS35,0035,1134,6434,6612.4M
Bristol-Myers SquibbBMY27,8027,9427,5227,8012.3M
HP Inc.HPQ40,2040,3740,1040,2311.9M
Verizon CommunicationsVZ37,6937,9537,5537,6911.8M
JPMorgan ChaseJPM48,5948,6748,3548,5711.2M
Procter & GamblePG63,5563,7663,1663,278.04M
International Business MachinesIBM94,7195,0394,2094,734.7M
United TechnologiesUTX66,1966,4065,9266,114.11M
Gilead SciencesGILD75,0175,3074,5175,002.97M
Union PacificUNP102,50102,60100,75100,941.67M
Berkshire HathawayBRK.B3610,003610,003570,503605,0011.2K
Exchange Rates of March 27th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,800 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,157 CAD1 CAD = 0,864 USD
US DollarSwiss Franc1 USD = 1,213 CHF1 CHF = 0,824 USD
US DollarChinese Yuan1 USD = 7,734 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 157,280 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,679 GBP1 GBP = 1,473 EUR
EuroAustralian Dollar1 EUR = 1,651 AUD1 AUD = 0,606 EUR
EuroCanadian Dollar1 EUR = 1,544 CAD1 CAD = 0,648 EUR
EuroSwiss Franc1 EUR = 1,619 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,432 GBP1 GBP = 2,317 JPY
Japanese YenAustralian Dollar1 JPY = 1,050 AUD1 AUD = 0,953 JPY
Japanese YenCanadian Dollar1 JPY = 0,982 CAD1 CAD = 1,019 JPY
Japanese YenSwiss Franc1 JPY = 1,029 CHF1 CHF = 0,971 JPY
Pound SterlingAustralian Dollar1 GBP = 2,432 AUD1 AUD = 0,411 GBP
Pound SterlingCanadian Dollar1 GBP = 2,274 CAD1 CAD = 0,440 GBP
Pound SterlingSwiss Franc1 GBP = 2,384 CHF1 CHF = 0,419 GBP
Australian DollarCanadian Dollar1 AUD = 0,935 CAD1 CAD = 1,070 AUD
Australian DollarSwiss Franc1 AUD = 0,980 CHF1 CHF = 1,020 AUD
Canadian DollarSwiss Franc1 CAD = 1,048 CHF1 CHF = 0,954 CAD

See what else happened on March 27th, 2007