Financial news on March 28th, 2007

Business and Financial news
2 Cities and 4 Bridges Where Commerce Flows

Manufacturers are drawn to Juárez, Mexico, which has both low-cost Mexican labor and easy access to the U.S. market. Read more..

By LISA CHAMBERLAIN - The New York Times

Backdating Case Is Settled

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..

By BLOOMBERG NEWS - The New York Times

Entrepreneur Gets 9 Years in Tax Case

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..

By BLOOMBERG NEWS - The New York Times

Hollinger Trial Witness Tells of Payment Note

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..

By BLOOMBERG NEWS - The New York Times

Lender Said to Be Weighing a Bankruptcy Filing Soon

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..


Marketers, Gingerly, Bite at Parody Bait

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..

By ANDREW ADAM NEWMAN - The New York Times

Orin Atkins, 82, Executive Who Built Up Ashland Oil, Dies

Orin E. Atkins’s 16-year tenure as chief executive of Ashland Oil was also marred by improper business dealings. Read more..

By EDUARDO PORTER - The New York Times

Portugal: Utility Buys Texas Wind Farm

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..

By BLOOMBERG NEWS - The New York Times

Regulator Favors Standards Against Predatory Lending

The chairwoman of the Federal Deposit Insurance Corporation is the first top regulator to urge a legislative solution for the subprime problem. Read more..

By BLOOMBERG NEWS - The New York Times

Rosneft Wins Yukos Stake in 4-Minute Sale

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..

By ANDREW E. KRAMER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25,7927,0025,5725,7042.2M
General ElectricGE35,6335,7335,3035,5541.4M
Oracle Corp.ORCL18,3418,5018,1518,1733.7M
AT&T Inc.T39,4039,5138,7738,9524.9M
Wells Fargo & Co.WFC34,3234,4434,0834,1418.2M
Wal-Mart StoresWMT47,1747,1946,4646,6418.1M
Abbott LaboratoriesABT55,9056,5155,5155,7616.4M
Johnson & JohnsonJNJ59,9260,4059,8760,0016.1M
Home DepotHD37,1837,2536,6036,7714M
JPMorgan ChaseJPM48,3348,4847,7947,9913.2M
Verizon CommunicationsVZ37,5237,6437,0737,2312.9M
Walt Disney & Co.DIS34,5934,6034,0534,2312.6M
HP Inc.HPQ40,0040,1839,5339,7912.5M
UnitedHealth GroupUNH55,2356,7454,5954,7812.5M
International Business MachinesIBM93,9095,0293,8094,268.13M
Bristol-Myers SquibbBMY27,6527,8927,4927,627.59M
Procter & GamblePG62,9563,4862,6663,017.3M
United TechnologiesUTX65,9266,0364,8665,373.95M
Gilead SciencesGILD74,7175,6374,2975,043.52M
Union PacificUNP100,19101,0599,38100,041.53M
Berkshire HathawayBRK.B3590,003612,003576,503604,0012.9K
Exchange Rates of March 28th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116,840 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,159 CAD1 CAD = 0,863 USD
US DollarSwiss Franc1 USD = 1,216 CHF1 CHF = 0,822 USD
US DollarChinese Yuan1 USD = 7,729 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 155,550 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,679 GBP1 GBP = 1,474 EUR
EuroAustralian Dollar1 EUR = 1,653 AUD1 AUD = 0,605 EUR
EuroCanadian Dollar1 EUR = 1,542 CAD1 CAD = 0,648 EUR
EuroSwiss Franc1 EUR = 1,619 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,436 GBP1 GBP = 2,294 JPY
Japanese YenAustralian Dollar1 JPY = 1,062 AUD1 AUD = 0,942 JPY
Japanese YenCanadian Dollar1 JPY = 0,991 CAD1 CAD = 1,009 JPY
Japanese YenSwiss Franc1 JPY = 1,041 CHF1 CHF = 0,961 JPY
Pound SterlingAustralian Dollar1 GBP = 2,436 AUD1 AUD = 0,411 GBP
Pound SterlingCanadian Dollar1 GBP = 2,273 CAD1 CAD = 0,440 GBP
Pound SterlingSwiss Franc1 GBP = 2,385 CHF1 CHF = 0,419 GBP
Australian DollarCanadian Dollar1 AUD = 0,933 CAD1 CAD = 1,072 AUD
Australian DollarSwiss Franc1 AUD = 0,979 CHF1 CHF = 1,021 AUD
Canadian DollarSwiss Franc1 CAD = 1,049 CHF1 CHF = 0,953 CAD

See what else happened on March 28th, 2007