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

StockTicker symbolOpenHighLowCloseVolume
Home DepotHD35.5035.5635.0135.0555.8M
Cisco SystemsCSCO30.8531.1030.3930.4142M
General ElectricGE38.8338.9238.0538.0537.5M
Wal-Mart StoresWMT43.6544.2043.4043.4027.9M
JPMorgan ChaseJPM44.4844.4843.4643.6023.5M
Oracle Corp.ORCL19.7719.8619.3319.3621.9M
AT&T Inc.T39.7539.9238.7938.7919.9M
Wells Fargo & Co.WFC35.7035.8835.1335.2019.5M
Johnson & JohnsonJNJ61.6061.6861.2361.2514.8M
Abbott LaboratoriesABT51.7951.9050.7050.7911.9M
HP Inc.HPQ47.6047.9846.8246.8811.4M
Verizon CommunicationsVZ42.5042.5541.5041.5211.2M
Procter & GamblePG65.1565.3864.2064.7010.8M
Walt Disney & Co.DIS33.7533.7933.0733.209.71M
Bristol-Myers SquibbBMY29.2829.4828.6928.757.44M
Gilead SciencesGILD36.5436.7335.6735.677.41M
International Business MachinesIBM112.90113.59111.63112.006.01M
UnitedHealth GroupUNH49.3649.6448.6148.635.27M
United TechnologiesUTX73.3073.7171.9072.004.2M
Union PacificUNP109.35109.50106.67106.821.88M
Berkshire HathawayBRK.B3974.003976.003942.003965.0010K
Exchange Rates of August 28, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.150 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.065 CAD1 CAD = 0.939 USD
US DollarSwiss Franc1 USD = 1.201 CHF1 CHF = 0.833 USD
US DollarChinese Yuan1 USD = 7.556 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 155.260 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.680 GBP1 GBP = 1.471 EUR
EuroAustralian Dollar1 EUR = 1.671 AUD1 AUD = 0.598 EUR
EuroCanadian Dollar1 EUR = 1.448 CAD1 CAD = 0.690 EUR
EuroSwiss Franc1 EUR = 1.633 CHF1 CHF = 0.612 EUR
Japanese YenPound Sterling1 JPY = 0.438 GBP1 GBP = 2.284 JPY
Japanese YenAustralian Dollar1 JPY = 1.076 AUD1 AUD = 0.929 JPY
Japanese YenCanadian Dollar1 JPY = 0.933 CAD1 CAD = 1.072 JPY
Japanese YenSwiss Franc1 JPY = 1.052 CHF1 CHF = 0.951 JPY
Pound SterlingAustralian Dollar1 GBP = 2.458 AUD1 AUD = 0.407 GBP
Pound SterlingCanadian Dollar1 GBP = 2.130 CAD1 CAD = 0.470 GBP
Pound SterlingSwiss Franc1 GBP = 2.401 CHF1 CHF = 0.417 GBP
Australian DollarCanadian Dollar1 AUD = 0.866 CAD1 CAD = 1.155 AUD
Australian DollarSwiss Franc1 AUD = 0.977 CHF1 CHF = 1.024 AUD
Canadian DollarSwiss Franc1 CAD = 1.127 CHF1 CHF = 0.887 CAD

See what else happened on August 28, 2007