Financial news on March 28, 2008

Business and Financial news
A British Fund Says It Will Close

Pentagon Capital Management, a £1 billion ($2 billion) hedge fund, said it would return investors’ money because of an investigation by the S.E.C. Read more..

By BLOOMBERG NEWS - The New York Times

Canada: Agency Puts Conditions on Phone Buyout

Canadian communications regulators approved the 51.7 billion Canadian dollar ($50.9 billion) buyout of BCE, the country’s biggest phone provider, and set conditions that require the carrier to remain Canadian controlled. One of the six criteria re... Read more..

By BLOOMBERG NEWS - The New York Times

Fed Hearings on Countrywide Deal

The Federal Reserve announced Thursday that it would hold public meetings next month on the offer by Bank of America to acquire Countrywide Financial. Read more..

By DOW JONES - The New York Times

For Americans, a Bit of the Swagger Is Gone

Losses of confidence in America’s economy have occurred before, but renewal can take time when fear is self-fulfilling as businesses and consumers cut back. Read more..

By FLOYD NORRIS - The New York Times

Harvard’s $34.9 Billion Endowment Makes Its Choice for New Chief

The Harvard Management Company appointed Jane Mendillo, the chief investment officer at Wellesley College, as its president and chief executive on Thursday. Read more..

By GERALDINE FABRIKANT - The New York Times

Helping the Help Desk, the Intel Way

A campaign that is scheduled to begin on Monday presents the Intel Corporation as the problem-solver for the people who solve the computer network problems for others. Read more..

By STUART ELLIOTT - The New York Times

J.C. Penney Warns of a Spending Downturn

The retailer slashed its earnings forecast for the first three months of the year by 33 percent, blaming an outright drop in consumer spending that bodes poorly for competitors. Read more..

By MICHAEL BARBARO - The New York Times

Newspaper Says Article on Rapper Was False

The Los Angeles Times acknowledged on Thursday that it had relied on apparently forged documents for its investigation into an assault on the rapper Tupac Shakur. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Odd Crop Prices Defy Economics

Economists note there should not be two prices for one thing at the same place and time. But, in effect, that has been happening in trading that sets prices for corn, soybeans and wheat. Read more..

By DIANA B. HENRIQUES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.20 21.43 20.73 20.79 59.4M
Microsoft MSFT 28.23 28.43 27.83 27.91 49.2M
Cisco Systems CSCO 24.28 24.58 24.00 24.08 46.5M
Oracle Corp. ORCL 19.55 19.86 19.32 19.37 38.1M
General Electric GE 36.89 37.06 36.51 36.61 34.3M
Pfizer PFE 20.68 20.72 20.47 20.50 31.2M
JPMorgan Chase JPM 43.24 43.84 42.65 42.71 29M
Wells Fargo & Co. WFC 30.20 30.52 29.21 29.35 28.9M
Apple AAPL 141.80 144.65 141.60 143.01 25.5M
ExxonMobil XOM 86.02 87.08 85.00 85.22 21.7M
Comcast CMCSA 19.72 19.75 18.93 18.98 20.4M
Altria MO 73.65 74.59 73.33 73.83 17.8M
AT&T Inc. T 37.94 38.39 37.56 37.66 17.3M
Home Depot HD 27.71 27.87 27.28 27.38 15.8M
Wal-Mart Stores WMT 52.10 52.67 51.77 52.12 15M
Merck MRK 44.82 45.73 44.38 44.51 11.3M
Verizon Communications VZ 36.05 36.37 35.82 35.85 11.1M
Walt Disney & Co. DIS 31.54 31.78 31.00 31.00 11M
ConocoPhillips COP 75.68 76.54 75.03 75.67 10.7M
HP Inc. HPQ 46.95 47.20 45.93 46.09 10.2M
Abbott Laboratories ABT 53.71 54.21 52.95 53.07 10.1M
Bristol-Myers Squibb BMY 21.44 21.74 21.40 21.48 10.1M
Johnson & Johnson JNJ 64.84 65.00 64.06 64.18 8.76M
Alphabet GOOGL 447.46 453.57 434.31 438.08 8.74M
Amgen AMGN 41.77 41.87 41.37 41.45 8.48M
UnitedHealth Group UNH 34.24 34.60 33.90 34.40 8.05M
Chevron CVX 84.30 85.58 83.92 84.50 7.52M
Procter & Gamble PG 69.55 70.04 69.37 69.44 7.43M
Coca-Cola KO 61.51 61.60 60.88 60.94 6.84M
Schlumberger SLB 86.22 86.96 84.18 85.66 6.75M
International Business Machines IBM 116.01 116.75 114.21 114.57 6.6M
Gilead Sciences GILD 50.70 50.81 49.44 49.61 6.5M
Visa V 63.10 63.44 62.16 62.76 6.17M
Amazon AMZN 71.00 72.21 69.26 69.76 5.28M
United Technologies UTX 69.74 70.24 68.34 68.55 4.84M
McDonald's MCD 55.69 55.94 55.23 55.48 4.78M
Boeing BA 74.44 74.63 73.08 73.47 4.62M
Pepsico PEP 71.40 72.00 71.40 71.56 3.77M
3M MMM 78.39 78.94 77.85 77.95 2.01M
Union Pacific UNP 125.18 126.93 124.65 125.02 1.5M
Berkshire Hathaway BRK.B 4370.00 4463.00 4365.00 4452.00 18.1K
Exchange Rates of March 28, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 99.190 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.022 CAD 1 CAD = 0.978 USD
US Dollar Swiss Franc 1 USD = 0.995 CHF 1 CHF = 1.005 USD
US Dollar Chinese Yuan 1 USD = 7.012 CNY 1 CNY = 0.143 USD
Euro Japanese Yen 1 EUR = 156.710 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.792 GBP 1 GBP = 1.263 EUR
Euro Australian Dollar 1 EUR = 1.722 AUD 1 AUD = 0.581 EUR
Euro Canadian Dollar 1 EUR = 1.615 CAD 1 CAD = 0.619 EUR
Euro Swiss Franc 1 EUR = 1.572 CHF 1 CHF = 0.636 EUR
Japanese Yen Pound Sterling 1 JPY = 0.505 GBP 1 GBP = 1.979 JPY
Japanese Yen Australian Dollar 1 JPY = 1.098 AUD 1 AUD = 0.911 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.030 CAD 1 CAD = 0.971 JPY
Japanese Yen Swiss Franc 1 JPY = 1.003 CHF 1 CHF = 0.997 JPY
Pound Sterling Australian Dollar 1 GBP = 2.174 AUD 1 AUD = 0.460 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.039 CAD 1 CAD = 0.490 GBP
Pound Sterling Swiss Franc 1 GBP = 1.985 CHF 1 CHF = 0.504 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.937 CAD 1 CAD = 1.067 AUD
Australian Dollar Swiss Franc 1 AUD = 0.913 CHF 1 CHF = 1.096 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.973 CHF 1 CHF = 1.027 CAD

See what else happened on March 28, 2008