Financial news on February 28, 2008

Business and Financial news
Aetna Backs Off a Colonoscopy Change

Bowing to critics, Aetna said it had suspended a plan to stop paying for routine use of a powerful anesthetic in a procedure to screen for colon cancer. Read more..

By BARNABY J. FEDER - The New York Times

An Intriguing Adventure, Too Bad About the Dull Heroine and the Misspellings

In the adventure game The Experiment, the player sits in front of a computer screen playing a character sitting in front of a computer screen. Read more..

By CHARLES HEROLD - The New York Times

A Revision Makes a Photo Management Software Amenable to Amateurs and Pros

Aperture 2.0 offers a more accessible, streamlined facade and makes it easier to handle photos in full-screen mode. Read more..

By IAN AUSTEN - The New York Times

At Fiery Meeting, UBS Shareholders Back Bid to Raise Cash

Managers of the troubled Swiss bank won shareholder backing for a plan to raise capital, but only after facing criticism over the huge write-downs on subprime investments. Read more..

By NICK CUMMING-BRUCE - The New York Times

Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny

After decades in the shadows, the Abu Dhabi Investment Authority is turning heads by making high-profile investments across the globe. Read more..

By LANDON THOMAS Jr - The New York Times

Humane Society Sues U.S. in Cattle Case

The Humane Society sued the Agriculture Department on Wednesday for creating a “loophole” that it said is permitting potentially sick cows into the food supply. Read more..

By ANDREW MARTIN - The New York Times

Some Fear the Scope of Nortel Is a Liability

The telecommunications company reported a $957 million loss for 2007 and said it would cut 2,100 jobs and move 1,000 others, mostly to China and Turkey. Read more..

By IAN AUSTEN - The New York Times

Sprint Nextel Posts $29.5 Billion Loss

Sprint’s stock slid more than 9 percent after the company announced a $29.45 billion fourth-quarter loss, due mostly to a huge write-off related to its merger with Nextel Communications. Read more..

By LAURA M. HOLSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.02 28.27 27.80 27.93 83M
Cisco Systems CSCO 24.72 25.01 24.55 24.66 69.5M
Apple AAPL 127.20 132.20 125.77 129.91 57.8M
Intel INTC 20.54 20.72 20.32 20.49 56.1M
Oracle Corp. ORCL 19.10 19.60 18.92 19.41 42.3M
AT&T Inc. T 34.62 36.56 33.60 35.96 39.8M
JPMorgan Chase JPM 43.91 44.02 42.39 42.44 36.6M
General Electric GE 34.00 34.00 33.62 33.85 32.8M
Wells Fargo & Co. WFC 31.36 31.43 30.54 30.56 27.7M
Pfizer PFE 22.75 22.80 22.43 22.55 26.7M
ExxonMobil XOM 89.14 90.00 88.85 89.38 25M
Verizon Communications VZ 35.90 37.81 35.89 37.18 23.7M
Wal-Mart Stores WMT 50.96 51.40 50.63 50.70 18.4M
Home Depot HD 28.65 28.70 27.67 27.71 18.1M
Comcast CMCSA 20.14 20.33 20.08 20.12 17.2M
HP Inc. HPQ 48.68 48.80 48.16 48.55 15.8M
Gilead Sciences GILD 43.16 46.10 43.10 45.46 14.1M
Bristol-Myers Squibb BMY 23.08 23.14 22.81 22.91 13.6M
Amazon AMZN 70.30 70.60 67.11 67.85 13.2M
Alphabet GOOGL 470.50 479.09 467.36 475.39 13.2M
ConocoPhillips COP 83.69 85.60 83.69 85.20 12.2M
Walt Disney & Co. DIS 32.93 33.19 32.44 32.54 11.2M
Procter & Gamble PG 66.76 67.10 66.61 66.97 11.1M
Abbott Laboratories ABT 54.26 54.60 53.82 54.22 10.4M
Merck MRK 45.42 45.59 44.83 45.20 10.4M
Amgen AMGN 46.32 46.50 45.50 45.53 10.2M
Chevron CVX 88.22 89.29 87.77 89.02 8.99M
Johnson & Johnson JNJ 63.10 63.49 62.50 62.71 8.55M
Schlumberger SLB 87.78 90.36 87.50 89.69 8.18M
Coca-Cola KO 60.00 60.12 59.15 59.46 7.72M
International Business Machines IBM 115.90 115.90 114.56 115.24 7.23M
McDonald's MCD 55.00 55.10 54.30 54.62 6.97M
Altria MO 74.02 74.32 73.48 73.78 6.95M
Boeing BA 83.80 85.00 82.73 84.80 5.73M
UnitedHealth Group UNH 48.91 49.09 47.95 48.01 5.64M
Pepsico PEP 70.81 71.21 70.35 71.06 4.8M
United Technologies UTX 72.55 72.86 71.79 72.17 4.22M
3M MMM 80.06 80.28 79.25 79.80 2.7M
Union Pacific UNP 126.83 127.18 125.26 126.26 2.1M
Berkshire Hathaway BRK.B 4683.00 4698.00 4640.00 4660.00 13.9K
Exchange Rates of February 28, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 105.310 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.975 CAD 1 CAD = 1.026 USD
US Dollar Swiss Franc 1 USD = 1.052 CHF 1 CHF = 0.951 USD
US Dollar Chinese Yuan 1 USD = 7.113 CNY 1 CNY = 0.141 USD
Euro Japanese Yen 1 EUR = 160.130 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.764 GBP 1 GBP = 1.309 EUR
Euro Australian Dollar 1 EUR = 1.601 AUD 1 AUD = 0.625 EUR
Euro Canadian Dollar 1 EUR = 1.482 CAD 1 CAD = 0.675 EUR
Euro Swiss Franc 1 EUR = 1.598 CHF 1 CHF = 0.626 EUR
Japanese Yen Pound Sterling 1 JPY = 0.477 GBP 1 GBP = 2.097 JPY
Japanese Yen Australian Dollar 1 JPY = 1.000 AUD 1 AUD = 1.001 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.925 CAD 1 CAD = 1.081 JPY
Japanese Yen Swiss Franc 1 JPY = 0.998 CHF 1 CHF = 1.002 JPY
Pound Sterling Australian Dollar 1 GBP = 2.096 AUD 1 AUD = 0.477 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.939 CAD 1 CAD = 0.516 GBP
Pound Sterling Swiss Franc 1 GBP = 2.091 CHF 1 CHF = 0.478 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.925 CAD 1 CAD = 1.082 AUD
Australian Dollar Swiss Franc 1 AUD = 0.997 CHF 1 CHF = 1.003 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.078 CHF 1 CHF = 0.927 CAD

See what else happened on February 28, 2008