Financial news on January 03, 2007

Business and Financial news
Amgen Acquires Option for a Heart Failure Drug

Amgen has formed an alliance with Cytokinetics, a smaller company developing an experimental drug to treat heart failure. Read more..

By ANDREW POLLACK - The New York Times

China: Venture to Build Vans

DaimlerChrysler said a joint venture with the China Motor Corporation to make vans won state approval, allowing the company to add capacity in China. DaimlerChrysler, China Motor and the Fujian Motor Industry Group received permission from the Min... Read more..

By BLOOMBERG NEWS - The New York Times

Euro-Wary Slovenians Already Miss Their Tolar

Skepticism about the euro is spreading across the E.U.’s newest member states, even though many of them once viewed adopting the currency as a badge of honor. Read more..


Fighting Over Gold in the Land of Dracula

A small-time Romanian farmer counts powerful names among his backers in a land battle with a Canadian gold mining company. Read more..

By CRAIG S. SMITH - The New York Times

It’s the Year to Keep an Eye on Paychecks

The single biggest economic question of 2007 will probably be this: Will the surge in the paychecks of ordinary Americans continue? Read more..

By DAVID LEONHARDT - The New York Times

Layoffs Imminent at Philadelphia Inquirer

The paper is expected to announce that it will lay off 68 to 71 employees, or about 17 percent of the newsroom staff. Read more..

By KATHARINE Q. SEELYE - The New York Times

Sensing Opportunity in Dormitory Air

Younger customers are at the forefront of a boom in air fresheners as companies pour money into advertisements making the products seem cool. Read more..

By LOUISE STORY - The New York Times

Shifts in Stock Indexes

Ensco International Inc., a United States oil and natural gas driller, will join the Standard & Poor’s 500-stock index, replacing BellSouth, S.& P. said yesterday in a statement posted on its Web site. Read more..

By BLOOMBERG NEWS - The New York Times

Singapore: Growth Spurt in Quarter

Singapore’s economic growth unexpectedly accelerated in the fourth quarter to the fastest pace in a year as a record number of tourists and an all-time high stock market spurred service industries and helped offset lower electronics exports. Its e... Read more..

By BLOOMBERG NEWS - The New York Times

SoHo Bounces Back as a Fashion Center

Many retailers left their stores after the attack on the World Trade Center, but now fashion is venturing back — though perhaps in somewhat less high-end forms. Read more..

By ALISON GREGOR - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.4627.9827.3327.7364.2M
Oracle Corp.ORCL17.2217.7817.1017.5152.2M
Home DepotHD41.3041.8440.9641.0750.9M
General ElectricGE37.4138.1537.3837.9743.2M
Wal-Mart StoresWMT47.0948.3047.0647.5535.7M
AT&T Inc.T35.6735.7834.7834.9533.7M
Verizon CommunicationsVZ37.6338.4937.6137.8221.4M
HP Inc.HPQ41.0541.7541.0541.6221.2M
JPMorgan ChaseJPM48.0048.3747.5948.0714.2M
Walt Disney & Co.DIS34.2134.5433.9934.2013.6M
Johnson & JohnsonJNJ66.1367.1066.1166.4012.8M
Wells Fargo & Co.WFC35.4836.0135.3735.7412.4M
Abbott LaboratoriesABT48.8349.4948.7548.9711.2M
Bristol-Myers SquibbBMY26.4326.6226.2026.3810.5M
Procter & GamblePG64.2264.6663.7064.549.72M
International Business MachinesIBM97.1798.4096.2697.279.2M
Gilead SciencesGILD65.2866.1461.9263.158.37M
UnitedHealth GroupUNH53.8054.3452.3252.578.36M
United TechnologiesUTX62.6063.5962.4062.814.78M
Union PacificUNP92.4793.9991.7992.481.38M
Berkshire HathawayBRK.B3678.003686.003630.003643.0027.7K
Exchange Rates of January 03, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.360 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.173 CAD1 CAD = 0.852 USD
US DollarSwiss Franc1 USD = 1.226 CHF1 CHF = 0.816 USD
US DollarChinese Yuan1 USD = 7.816 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 157.200 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.482 EUR
EuroAustralian Dollar1 EUR = 1.663 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.545 CAD1 CAD = 0.647 EUR
EuroSwiss Franc1 EUR = 1.615 CHF1 CHF = 0.619 EUR
Japanese YenPound Sterling1 JPY = 0.429 GBP1 GBP = 2.331 JPY
Japanese YenAustralian Dollar1 JPY = 1.058 AUD1 AUD = 0.945 JPY
Japanese YenCanadian Dollar1 JPY = 0.982 CAD1 CAD = 1.018 JPY
Japanese YenSwiss Franc1 JPY = 1.027 CHF1 CHF = 0.974 JPY
Pound SterlingAustralian Dollar1 GBP = 2.466 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.289 CAD1 CAD = 0.437 GBP
Pound SterlingSwiss Franc1 GBP = 2.392 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.928 CAD1 CAD = 1.078 AUD
Australian DollarSwiss Franc1 AUD = 0.970 CHF1 CHF = 1.031 AUD
Canadian DollarSwiss Franc1 CAD = 1.045 CHF1 CHF = 0.957 CAD

See what else happened on January 03, 2007