Financial news on August 28, 2007

Business and Financial news
For Dance Troupe, Travel Is a Test of Poise

For dancers in the Mark Morris Dance Group, air travel is a bitter enemy. Read more..

By DAVID LEVENTHAL - The New York Times

For the Pilgrim on a Budget, the Vatican Has Air Charters

The Vatican introduced a low-cost airline that will fly Catholic pilgrims from Italy to religious destinations around the world. Read more..

By NICOLA CLARK - The New York Times

Home Depot Sells Supply Business

A consortium of private equity firms agreed to pay $8.5 billion, nearly $2 billion less than the original agreement. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Quick Bits: Better Late Than Never

With news on Microsoft, Vizio and Apple. Read more..

By DAMON DARLIN - The New York Times

Redone Home Depot Deal Not Thought Contagious

As the credit markets tighten, some investors fret that the renegotiated deal for Home Depot’s wholesale supply unit may be an omen for other buyouts. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Taiwan’s Acer to Acquire Gateway

Acer plans to buy the U.S. computer maker for $710 million in a deal that will push it past China’s Lenovo Group to become the world’s third-largest PC vendor. Read more..

By MATT RICHTEL - The New York Times

Thornburg Pays Collateral Owed to Wachovia

Thornburg Mortgage Inc., the jumbo mortgage specialist sued by the Wachovia Corporation last week, said that it repaid the $5.1 million in collateral that was the basis of the bank’s litigation. Read more..

By BLOOMBERG NEWS - The New York Times

Topps Delays Vote on Buyout Offer

The Topps Company has postponed a shareholder vote on a proposed $384.5 million buyout from a group led by Michael D. Eisner, the former Walt Disney Company chief executive, giving investors more time to consider the offer. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 24.25 24.51 23.93 23.96 56.2M
Home Depot HD 35.50 35.56 35.01 35.05 55.8M
Pfizer PFE 24.66 24.79 24.35 24.47 48.1M
Microsoft MSFT 28.28 28.49 27.91 27.93 43.9M
Apple AAPL 130.99 132.41 126.63 126.82 42.1M
Cisco Systems CSCO 30.85 31.10 30.39 30.41 42M
General Electric GE 38.83 38.92 38.05 38.05 37.5M
Wal-Mart Stores WMT 43.65 44.20 43.40 43.40 27.9M
ExxonMobil XOM 84.86 84.86 83.00 83.00 25.9M
JPMorgan Chase JPM 44.48 44.48 43.46 43.60 23.5M
Oracle Corp. ORCL 19.77 19.86 19.33 19.36 21.9M
AT&T Inc. T 39.75 39.92 38.79 38.79 19.9M
Wells Fargo & Co. WFC 35.70 35.88 35.13 35.20 19.5M
Comcast CMCSA 25.62 25.84 24.90 24.92 18.1M
Johnson & Johnson JNJ 61.60 61.68 61.23 61.25 14.8M
Altria MO 70.14 70.82 68.97 69.07 12.3M
ConocoPhillips COP 80.18 80.65 78.64 78.81 12.2M
Abbott Laboratories ABT 51.79 51.90 50.70 50.79 11.9M
HP Inc. HPQ 47.60 47.98 46.82 46.88 11.4M
Verizon Communications VZ 42.50 42.55 41.50 41.52 11.2M
Procter & Gamble PG 65.15 65.38 64.20 64.70 10.8M
Chevron CVX 86.60 86.73 84.30 84.30 10.1M
Walt Disney & Co. DIS 33.75 33.79 33.07 33.20 9.71M
Amgen AMGN 49.59 49.92 49.01 49.01 9.51M
Coca-Cola KO 54.00 54.00 53.18 53.26 7.85M
Merck MRK 49.83 50.09 49.11 49.21 7.82M
Bristol-Myers Squibb BMY 29.28 29.48 28.69 28.75 7.44M
Gilead Sciences GILD 36.54 36.73 35.67 35.67 7.41M
Schlumberger SLB 93.09 93.79 90.90 91.31 6.86M
Alphabet GOOGL 511.53 514.98 505.79 506.40 6.54M
International Business Machines IBM 112.90 113.59 111.63 112.00 6.01M
McDonald's MCD 49.59 49.59 48.50 48.64 5.77M
Amazon AMZN 77.86 78.65 76.08 76.22 5.77M
Boeing BA 97.99 98.38 95.44 95.65 5.34M
UnitedHealth Group UNH 49.36 49.64 48.61 48.63 5.27M
Pepsico PEP 68.00 68.18 67.34 67.51 4.93M
United Technologies UTX 73.30 73.71 71.90 72.00 4.2M
3M MMM 88.59 89.49 87.59 87.62 3.17M
Union Pacific UNP 109.35 109.50 106.67 106.82 1.88M
Berkshire Hathaway BRK.B 3974.00 3976.00 3942.00 3965.00 10K
Exchange Rates of August 28, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.150 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.065 CAD 1 CAD = 0.939 USD
US Dollar Swiss Franc 1 USD = 1.201 CHF 1 CHF = 0.833 USD
US Dollar Chinese Yuan 1 USD = 7.556 CNY 1 CNY = 0.132 USD
Euro Japanese Yen 1 EUR = 155.260 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.680 GBP 1 GBP = 1.471 EUR
Euro Australian Dollar 1 EUR = 1.671 AUD 1 AUD = 0.598 EUR
Euro Canadian Dollar 1 EUR = 1.448 CAD 1 CAD = 0.690 EUR
Euro Swiss Franc 1 EUR = 1.633 CHF 1 CHF = 0.612 EUR
Japanese Yen Pound Sterling 1 JPY = 0.438 GBP 1 GBP = 2.284 JPY
Japanese Yen Australian Dollar 1 JPY = 1.076 AUD 1 AUD = 0.929 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.933 CAD 1 CAD = 1.072 JPY
Japanese Yen Swiss Franc 1 JPY = 1.052 CHF 1 CHF = 0.951 JPY
Pound Sterling Australian Dollar 1 GBP = 2.458 AUD 1 AUD = 0.407 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.130 CAD 1 CAD = 0.470 GBP
Pound Sterling Swiss Franc 1 GBP = 2.401 CHF 1 CHF = 0.417 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.866 CAD 1 CAD = 1.155 AUD
Australian Dollar Swiss Franc 1 AUD = 0.977 CHF 1 CHF = 1.024 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.127 CHF 1 CHF = 0.887 CAD

See what else happened on August 28, 2007