Financial news on February 28th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.7225.0124.5524.6669.5M
Oracle Corp.ORCL19.1019.6018.9219.4142.3M
AT&T Inc.T34.6236.5633.6035.9639.8M
JPMorgan ChaseJPM43.9144.0242.3942.4436.6M
General ElectricGE34.0034.0033.6233.8532.8M
Wells Fargo & Co.WFC31.3631.4330.5430.5627.7M
Verizon CommunicationsVZ35.9037.8135.8937.1823.7M
Wal-Mart StoresWMT50.9651.4050.6350.7018.4M
Home DepotHD28.6528.7027.6727.7118.1M
HP Inc.HPQ48.6848.8048.1648.5515.8M
Gilead SciencesGILD43.1646.1043.1045.4614.1M
Bristol-Myers SquibbBMY23.0823.1422.8122.9113.6M
Walt Disney & Co.DIS32.9333.1932.4432.5411.2M
Procter & GamblePG66.7667.1066.6166.9711.1M
Abbott LaboratoriesABT54.2654.6053.8254.2210.4M
Johnson & JohnsonJNJ63.1063.4962.5062.718.55M
International Business MachinesIBM115.90115.90114.56115.247.23M
UnitedHealth GroupUNH48.9149.0947.9548.015.64M
United TechnologiesUTX72.5572.8671.7972.174.22M
Union PacificUNP126.83127.18125.26126.262.1M
Berkshire HathawayBRK.B4683.004698.004640.004660.0013.9K
Exchange Rates of February 28th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105.310 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.975 CAD1 CAD = 1.026 USD
US DollarSwiss Franc1 USD = 1.052 CHF1 CHF = 0.951 USD
US DollarChinese Yuan1 USD = 7.113 CNY1 CNY = 0.141 USD
EuroJapanese Yen1 EUR = 160.130 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.764 GBP1 GBP = 1.309 EUR
EuroAustralian Dollar1 EUR = 1.601 AUD1 AUD = 0.625 EUR
EuroCanadian Dollar1 EUR = 1.482 CAD1 CAD = 0.675 EUR
EuroSwiss Franc1 EUR = 1.598 CHF1 CHF = 0.626 EUR
Japanese YenPound Sterling1 JPY = 0.477 GBP1 GBP = 2.097 JPY
Japanese YenAustralian Dollar1 JPY = 1.000 AUD1 AUD = 1.001 JPY
Japanese YenCanadian Dollar1 JPY = 0.925 CAD1 CAD = 1.081 JPY
Japanese YenSwiss Franc1 JPY = 0.998 CHF1 CHF = 1.002 JPY
Pound SterlingAustralian Dollar1 GBP = 2.096 AUD1 AUD = 0.477 GBP
Pound SterlingCanadian Dollar1 GBP = 1.939 CAD1 CAD = 0.516 GBP
Pound SterlingSwiss Franc1 GBP = 2.091 CHF1 CHF = 0.478 GBP
Australian DollarCanadian Dollar1 AUD = 0.925 CAD1 CAD = 1.082 AUD
Australian DollarSwiss Franc1 AUD = 0.997 CHF1 CHF = 1.003 AUD
Canadian DollarSwiss Franc1 CAD = 1.078 CHF1 CHF = 0.927 CAD

See what else happened on February 28th, 2008