Financial news on March 30th, 2007

Business and Financial news
Austria: Specialty Steel Maker Is Acquired

Voestalpine, the biggest steel maker in Austria, agreed to buy a specialty-steel producer, Boehler-Uddeholm, for 3.52 billion euros ($4.69 billion), foiling a bid by a private equity company, CVC Capital Partners. Voestalpine, based in Linz, said ... Read more..

By BLOOMBERG NEWS - The New York Times

CarMax’s Income Rises

Fourth-quarter net income rose 15 percent, driven by an increase in used-vehicle sales and an income increase from its financing unit. Read more..

By DOW JONES - The New York Times

Deal Makers Are Setting a Torrid Pace for 2007

The value of corporate deals reached $1.08 trillion in the first quarter, 24 percent more than the first quarter of 2006. Read more..

By PETER EDMONSTON - The New York Times

Dior Replaces Its Men’s Wear Designer

Christian Dior announced it had replaced Hedi Slimane, whose razor-thin suits helped revitalize the image of the house. Read more..

By ERIC WILSON - The New York Times

Discovery to Buy Out Cox, a Major Shareholder

The deal will transfer the Travel Channel, a museum audio tour business and $1.275 billion in cash to Cox in exchange for its 25 percent stake. Read more..

By RICHARD SIKLOS - The New York Times

Drivers Shrug as Gasoline Prices Soar

Prices are rising at the pumps again, but even as gas tops $3 a gallon, consumption has not gone down. Read more..

By CLIFFORD KRAUSS - The New York Times

Honda Wants to Be Known for Safety

The carmaker’s campaign is showing results, with some of the auto industry’s best scores on crash tests. Read more..


Toyota Deepens Discounts on Its New Pickup

The discounts on the Tundra may be another sign that Toyota is not cutting into the truck market as much as rivals feared. Read more..

By NICK BUNKLEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.4325.6525.1125.5338.9M
General ElectricGE35.5235.5835.0035.3634.2M
AT&T Inc.T39.3139.5439.1139.4322.3M
Oracle Corp.ORCL18.1518.2717.8918.1320.8M
Verizon CommunicationsVZ37.5338.0937.4537.9215.9M
Wal-Mart StoresWMT46.8647.0946.6446.9515.2M
HP Inc.HPQ40.1040.3739.4940.1414.2M
Johnson & JohnsonJNJ60.4360.4559.9560.2613.3M
JPMorgan ChaseJPM48.6149.0247.9548.3812.7M
Home DepotHD37.0037.1936.3536.7412.7M
Wells Fargo & Co.WFC34.5034.7834.1634.4312.5M
Abbott LaboratoriesABT55.5056.0755.4155.8012M
Walt Disney & Co.DIS34.4234.7534.0434.4310.7M
UnitedHealth GroupUNH52.8453.2352.5252.978.71M
Procter & GamblePG63.1163.4062.0063.168.53M
International Business MachinesIBM94.2494.7593.5794.267.64M
Bristol-Myers SquibbBMY27.9228.0127.5027.767M
United TechnologiesUTX64.8665.2064.3165.005.05M
Gilead SciencesGILD76.0877.0875.5376.654.07M
Union PacificUNP101.21103.53101.00101.553.47M
Berkshire HathawayBRK.B3607.003640.003598.003640.008.6K
Exchange Rates of March 30th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.810 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.154 CAD1 CAD = 0.867 USD
US DollarSwiss Franc1 USD = 1.215 CHF1 CHF = 0.823 USD
US DollarChinese Yuan1 USD = 7.732 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.330 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.474 EUR
EuroAustralian Dollar1 EUR = 1.651 AUD1 AUD = 0.606 EUR
EuroCanadian Dollar1 EUR = 1.541 CAD1 CAD = 0.649 EUR
EuroSwiss Franc1 EUR = 1.623 CHF1 CHF = 0.616 EUR
Japanese YenPound Sterling1 JPY = 0.431 GBP1 GBP = 2.320 JPY
Japanese YenAustralian Dollar1 JPY = 1.049 AUD1 AUD = 0.953 JPY
Japanese YenCanadian Dollar1 JPY = 0.979 CAD1 CAD = 1.022 JPY
Japanese YenSwiss Franc1 JPY = 1.031 CHF1 CHF = 0.970 JPY
Pound SterlingAustralian Dollar1 GBP = 2.434 AUD1 AUD = 0.411 GBP
Pound SterlingCanadian Dollar1 GBP = 2.270 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.391 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.932 CAD1 CAD = 1.073 AUD
Australian DollarSwiss Franc1 AUD = 0.982 CHF1 CHF = 1.018 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.950 CAD

See what else happened on March 30th, 2007