Financial news on January 01, 2008

Business and Financial news
China: Baidu Shares Fall on Executive’s Death

Shares of Baidu.com, owner of China’s most popular Internet search site, fell after the death of its chief financial officer, Shawn Wang. Mr. Wang died in an accident on Thursday, the company said in a statement on Saturday. A group of senior mana... Read more..

By BLOOMBERG NEWS - The New York Times

Despite One Failure, Growth Is Seen in Coachless Flights

More carriers and routes are becoming all-business class. Read more..

By JOE SHARKEY - The New York Times

Edward Brennan, Who Led Sears at Its Peak, Dies at 73

Mr. Brennan became chief executive at Sears in 1986, when the company was the nation’s largest retailer. Read more..

By LOUISE STORY - The New York Times

In 2007, Some Giants Went Smaller

Bigger is better, right? Not so fast. Corporate America appears to have had second thoughts in 2007. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Stock Exchanges Are in Talks to Buy Stake in Taiwan Board

The exchange, Asia’s seventh-biggest equities market, planned to sell a stake of as much as 25 percent of itself to overseas bourses. Read more..

By BLOOMBERG NEWS - The New York Times

Stocks Slip, Ending Year of Turmoil

Even a report that showed sales of existing homes had been nudged up in November failed to lift the market as traders closed their books on the year. Read more..

By VIKAS BAJAJ - The New York Times

Travelers to Pay $6 Million, Ending Inquiry on Brokers’ Fees

The commercial insurer reached an agreement with several states to pay $6 million to resolve an investigation into fees it paid to brokers. Read more..

By BLOOMBERG NEWS - The New York Times

U.S. Clears Sale of a Stake in Nasdaq

Nasdaq Stock Market obtained clearance to sell a stake to Borse Dubai, paving the way for Nasdaq’s eventual acquisition of the OMX exchange in Stockholm. Read more..

By BLOOMBERG NEWS - The New York Times

Vonage and Nortel End Skirmish Over Patents

The companies will each license three patents to the other, resolving a rift that had threatened to shut down some Vonage calling features. Read more..

By BLOOMBERG NEWS - The New York Times

Writers’ Return Gives CBS a Head Start

In what may become an A-list booking-war blitz, David Letterman has landed comedian Robin Williams as the first guest when “The Late Show” returns to CBS. Read more..

By BILL CARTER - The New York Times

Exchange Rates of January 01, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 111,640 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 0,992 CAD 1 CAD = 1,008 USD
US Dollar Swiss Franc 1 USD = 1,133 CHF 1 CHF = 0,883 USD
Euro Japanese Yen 1 EUR = 162,870 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,734 GBP 1 GBP = 1,362 EUR
Euro Australian Dollar 1 EUR = 1,664 AUD 1 AUD = 0,601 EUR
Euro Canadian Dollar 1 EUR = 1,448 CAD 1 CAD = 0,691 EUR
Euro Swiss Franc 1 EUR = 1,654 CHF 1 CHF = 0,605 EUR
Japanese Yen Pound Sterling 1 JPY = 0,451 GBP 1 GBP = 2,219 JPY
Japanese Yen Australian Dollar 1 JPY = 1,022 AUD 1 AUD = 0,979 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,888 CAD 1 CAD = 1,126 JPY
Japanese Yen Swiss Franc 1 JPY = 1,015 CHF 1 CHF = 0,985 JPY
Pound Sterling Australian Dollar 1 GBP = 2,267 AUD 1 AUD = 0,441 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,971 CAD 1 CAD = 0,507 GBP
Pound Sterling Swiss Franc 1 GBP = 2,251 CHF 1 CHF = 0,444 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,869 CAD 1 CAD = 1,151 AUD
Australian Dollar Swiss Franc 1 AUD = 0,993 CHF 1 CHF = 1,007 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,142 CHF 1 CHF = 0,876 CAD

See what else happened on January 01, 2008