Financial news on March 28, 2007
Business and Financial news
Manufacturers are drawn to Juárez, Mexico, which has both low-cost Mexican labor and easy access to the U.S. market. Read more..
The former general counsel at Monster Worldwide was permanently banned from working as a director or officer of a public company as part of a settlement. Read more..
Walter C. Anderson, who once tried to turn the Russian Mir space station into an orbiting hotel, was sentenced for failing to report $365 million in income. Read more..
A witness testified he saw a lawyer for Hollinger write a note directing payment of $9.5 million to Conrad M. Black and three other men from the sale of several small newspapers. Read more..
New Century is still hoping to find a buyer for the company, but the chances for such a deal appear to be dimming. Read more..
Heeb, a magazine marketed to young, urban Jews, ran parody ads that became so popular that the magazine has turned into a “quasi ad agency.” Read more..
Orin E. Atkins’s 16-year tenure as chief executive of Ashland Oil was also marred by improper business dealings. Read more..
EDP-Energias de Portugal, an electric utility, said that it had agreed to buy Horizon Wind Energy of Texas from the Goldman Sachs Group for $2.15 billion to more than double its wind-power production. EDP, which is based in Lisbon, said it would b... Read more..
The chairwoman of the Federal Deposit Insurance Corporation is the first top regulator to urge a legislative solution for the subprime problem. Read more..
The Russian state oil company Rosneft won an auction for assets of Yukos, tightening the Kremlin’s control of energy industries in the country. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||34.32||34.44||34.08||34.14||18.2M|
|Johnson & Johnson||JNJ||59.92||60.40||59.87||60.00||16.1M|
|Walt Disney & Co.||DIS||34.59||34.60||34.05||34.23||12.6M|
|International Business Machines||IBM||93.90||95.02||93.80||94.26||8.13M|
|Procter & Gamble||PG||62.95||63.48||62.66||63.01||7.3M|
Exchange Rates of March 28, 2007
|US Dollar||Japanese Yen||1 USD = 116.840 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.159 CAD||1 CAD = 0.863 USD|
|US Dollar||Swiss Franc||1 USD = 1.216 CHF||1 CHF = 0.822 USD|
|US Dollar||Chinese Yuan||1 USD = 7.729 CNY||1 CNY = 0.129 USD|
|Euro||Japanese Yen||1 EUR = 155.550 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.679 GBP||1 GBP = 1.474 EUR|
|Euro||Australian Dollar||1 EUR = 1.653 AUD||1 AUD = 0.605 EUR|
|Euro||Canadian Dollar||1 EUR = 1.542 CAD||1 CAD = 0.648 EUR|
|Euro||Swiss Franc||1 EUR = 1.619 CHF||1 CHF = 0.618 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.436 GBP||1 GBP = 2.294 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.062 AUD||1 AUD = 0.942 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.991 CAD||1 CAD = 1.009 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.041 CHF||1 CHF = 0.961 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.436 AUD||1 AUD = 0.411 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.273 CAD||1 CAD = 0.440 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.385 CHF||1 CHF = 0.419 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.933 CAD||1 CAD = 1.072 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.979 CHF||1 CHF = 1.021 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.049 CHF||1 CHF = 0.953 CAD|