Financial news on January 2nd, 2007

Business and Financial news
Banks’ Leases to Hedge Funds Are Questioned

Regulators are growing concerned about banks that lease office space to hedge funds in hopes of gaining big clients. Read more..

By JENNY ANDERSON - The New York Times

Economists Cautiously Optimistic About 2007

The new year is being approached with worries that a slowdown in housing could hurt the overall economy. Read more..

By MICHAEL J. de la MERCED - The New York Times

Investors Greet New Year With Ambivalence

After a better-than-average year in the stock market, and a much weaker one in housing, homeowners and investors appear neither exuberant nor glum about 2007. Read more..


It Takes Good Acting to Hide Travel Stress

Traveling a lot, you see some of the best acting. And the worst. Flight attendants are the best actors, hands down. Read more..


Kicking an Addiction, With Real People

Some advertisers say the best way to persuade people to give up cigarettes is to tell the stories of other smokers. Read more..

By LOUISE STORY - The New York Times

Memo Pad

FIRST VERY LIGHT JET DELIVERED In what some aviation industry officials believe is the dawn of a new era in aviation, the first so-called very light jet, an Eclipse 500, was delivered to a customer on Sunday by Eclipse Aviation, based in Albuquerq... Read more..

By JOE SHARKEY - The New York Times

The Hasty Hello

Business groups have started using “speed networking,” a corporate equivalent of speed dating, to explore business prospects. Read more..

By JULIE BICK - The New York Times

Wal-Mart Puts Some Muscle Behind Power-Sipping Bulbs

The retailer is determined to push energy-saving light bulbs with the help of some unlikely partners. Read more..

By MICHAEL BARBARO - The New York Times

Weathering a Storm in Shelter

As 2006 ended, the opinion of stock market investors could not have been clearer: there are blue skies ahead. Read more..

By FLOYD NORRIS - The New York Times

Young Turn to Web Sites Without Rules

While sites like YouTube and Myspace crack down on nudity and violence, new sites are treading into the realm of unfiltered live broadcasts. Read more..

By BRAD STONE - The New York Times

Exchange Rates of January 2nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.830 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.165 CAD1 CAD = 0.858 USD
US DollarSwiss Franc1 USD = 1.213 CHF1 CHF = 0.824 USD
EuroJapanese Yen1 EUR = 157.730 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.487 EUR
EuroAustralian Dollar1 EUR = 1.667 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.547 CAD1 CAD = 0.647 EUR
EuroSwiss Franc1 EUR = 1.611 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.426 GBP1 GBP = 2.347 JPY
Japanese YenAustralian Dollar1 JPY = 1.056 AUD1 AUD = 0.947 JPY
Japanese YenCanadian Dollar1 JPY = 0.980 CAD1 CAD = 1.020 JPY
Japanese YenSwiss Franc1 JPY = 1.021 CHF1 CHF = 0.980 JPY
Pound SterlingAustralian Dollar1 GBP = 2.479 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.300 CAD1 CAD = 0.435 GBP
Pound SterlingSwiss Franc1 GBP = 2.395 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.927 CAD1 CAD = 1.078 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.036 AUD
Canadian DollarSwiss Franc1 CAD = 1.041 CHF1 CHF = 0.961 CAD

See what else happened on January 2nd, 2007