Financial news on January 1st, 2008

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

Shares of, 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 1st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111,640 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,992 CAD1 CAD = 1,008 USD
US DollarSwiss Franc1 USD = 1,133 CHF1 CHF = 0,883 USD
EuroJapanese Yen1 EUR = 162,870 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,734 GBP1 GBP = 1,362 EUR
EuroAustralian Dollar1 EUR = 1,664 AUD1 AUD = 0,601 EUR
EuroCanadian Dollar1 EUR = 1,448 CAD1 CAD = 0,691 EUR
EuroSwiss Franc1 EUR = 1,654 CHF1 CHF = 0,605 EUR
Japanese YenPound Sterling1 JPY = 0,451 GBP1 GBP = 2,219 JPY
Japanese YenAustralian Dollar1 JPY = 1,022 AUD1 AUD = 0,979 JPY
Japanese YenCanadian Dollar1 JPY = 0,888 CAD1 CAD = 1,126 JPY
Japanese YenSwiss Franc1 JPY = 1,015 CHF1 CHF = 0,985 JPY
Pound SterlingAustralian Dollar1 GBP = 2,267 AUD1 AUD = 0,441 GBP
Pound SterlingCanadian Dollar1 GBP = 1,971 CAD1 CAD = 0,507 GBP
Pound SterlingSwiss Franc1 GBP = 2,251 CHF1 CHF = 0,444 GBP
Australian DollarCanadian Dollar1 AUD = 0,869 CAD1 CAD = 1,151 AUD
Australian DollarSwiss Franc1 AUD = 0,993 CHF1 CHF = 1,007 AUD
Canadian DollarSwiss Franc1 CAD = 1,142 CHF1 CHF = 0,876 CAD

See what else happened on January 1st, 2008