Financial news on March 28, 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..

By VIKAS BAJAJ and JULIE CRESWELL - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18,98 19,05 18,86 18,86 50M
Microsoft MSFT 27,58 28,00 27,40 27,64 46.9M
Cisco Systems CSCO 25,79 27,00 25,57 25,70 42.2M
General Electric GE 35,63 35,73 35,30 35,55 41.4M
Oracle Corp. ORCL 18,34 18,50 18,15 18,17 33.7M
Apple AAPL 94,88 95,40 93,15 93,24 33.7M
AT&T Inc. T 39,40 39,51 38,77 38,95 24.9M
ExxonMobil XOM 75,90 76,25 75,21 75,56 24.7M
Amgen AMGN 56,08 56,23 55,52 55,72 18.7M
Wells Fargo & Co. WFC 34,32 34,44 34,08 34,14 18.2M
Wal-Mart Stores WMT 47,17 47,19 46,46 46,64 18.1M
Abbott Laboratories ABT 55,90 56,51 55,51 55,76 16.4M
Comcast CMCSA 25,80 26,02 25,68 25,76 16.2M
Altria MO 85,09 86,71 85,08 86,21 16.1M
Johnson & Johnson JNJ 59,92 60,40 59,87 60,00 16.1M
ConocoPhillips COP 68,19 70,49 67,60 69,24 15.3M
Pfizer PFE 25,48 25,51 25,12 25,18 14.7M
Home Depot HD 37,18 37,25 36,60 36,77 14M
JPMorgan Chase JPM 48,33 48,48 47,79 47,99 13.2M
Verizon Communications VZ 37,52 37,64 37,07 37,23 12.9M
Walt Disney & Co. DIS 34,59 34,60 34,05 34,23 12.6M
HP Inc. HPQ 40,00 40,18 39,53 39,79 12.5M
UnitedHealth Group UNH 55,23 56,74 54,59 54,78 12.5M
Coca-Cola KO 47,79 48,30 47,59 47,91 11.3M
Schlumberger SLB 70,25 70,50 69,32 69,32 10.9M
Merck MRK 43,41 43,64 43,22 43,23 10.6M
Chevron CVX 74,47 74,68 73,76 74,08 10.2M
Alphabet GOOGL 461,87 465,44 460,15 461,88 9.17M
International Business Machines IBM 93,90 95,02 93,80 94,26 8.13M
Bristol-Myers Squibb BMY 27,65 27,89 27,49 27,62 7.59M
Pepsico PEP 62,75 63,33 62,67 62,89 7.39M
Procter & Gamble PG 62,95 63,48 62,66 63,01 7.3M
Amazon AMZN 39,09 39,51 38,74 39,34 6.2M
McDonald's MCD 44,85 45,04 44,46 44,83 5.98M
Boeing BA 90,28 90,41 89,01 89,45 4.5M
United Technologies UTX 65,92 66,03 64,86 65,37 3.95M
Gilead Sciences GILD 74,71 75,63 74,29 75,04 3.52M
3M MMM 76,74 77,17 76,18 76,38 3.19M
Union Pacific UNP 100,19 101,05 99,38 100,04 1.53M
Berkshire Hathaway BRK.B 3590,00 3612,00 3576,50 3604,00 12.9K
Exchange Rates of March 28, 2007
CurrenciesExchange Rates
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

See what else happened on March 28, 2007