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..

By DAN BILEFSKY and NICHOLAS WOOD - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.91 30.25 29.40 29.86 76.9M
Intel INTC 20.45 20.88 20.14 20.35 69M
Cisco Systems CSCO 27.46 27.98 27.33 27.73 64.2M
Oracle Corp. ORCL 17.22 17.78 17.10 17.51 52.2M
Home Depot HD 41.30 41.84 40.96 41.07 50.9M
Apple AAPL 86.29 86.58 81.90 83.80 44.2M
General Electric GE 37.41 38.15 37.38 37.97 43.2M
Pfizer PFE 26.15 26.42 25.98 26.29 40.6M
Wal-Mart Stores WMT 47.09 48.30 47.06 47.55 35.7M
AT&T Inc. T 35.67 35.78 34.78 34.95 33.7M
ExxonMobil XOM 76.25 76.27 73.51 74.11 30.5M
ConocoPhillips COP 71.30 71.50 67.90 68.19 27.1M
Verizon Communications VZ 37.63 38.49 37.61 37.82 21.4M
HP Inc. HPQ 41.05 41.75 41.05 41.62 21.2M
Alphabet GOOGL 466.00 476.66 461.11 467.59 15.4M
Merck MRK 44.03 44.89 43.97 44.02 15M
JPMorgan Chase JPM 48.00 48.37 47.59 48.07 14.2M
Walt Disney & Co. DIS 34.21 34.54 33.99 34.20 13.6M
Schlumberger SLB 63.01 63.02 60.06 60.82 13.5M
Comcast CMCSA 42.38 42.90 41.84 42.66 13.2M
Amgen AMGN 68.43 69.48 67.85 68.40 12.9M
Johnson & Johnson JNJ 66.13 67.10 66.11 66.40 12.8M
Chevron CVX 73.22 73.25 70.55 70.97 12.7M
Wells Fargo & Co. WFC 35.48 36.01 35.37 35.74 12.4M
Amazon AMZN 38.68 39.06 38.05 38.70 12.4M
Abbott Laboratories ABT 48.83 49.49 48.75 48.97 11.2M
Bristol-Myers Squibb BMY 26.43 26.62 26.20 26.38 10.5M
Procter & Gamble PG 64.22 64.66 63.70 64.54 9.72M
Altria MO 86.10 87.15 86.00 86.51 9.39M
International Business Machines IBM 97.17 98.40 96.26 97.27 9.2M
Gilead Sciences GILD 65.28 66.14 61.92 63.15 8.37M
UnitedHealth Group UNH 53.80 54.34 52.32 52.57 8.36M
Coca-Cola KO 48.37 48.88 48.28 48.58 7.88M
McDonald's MCD 43.65 44.38 43.50 43.87 7.58M
Pepsico PEP 62.70 63.35 62.45 62.72 6.16M
Boeing BA 89.51 90.30 88.45 89.17 4.87M
United Technologies UTX 62.60 63.59 62.40 62.81 4.78M
3M MMM 77.53 78.85 77.38 78.26 3.78M
Union Pacific UNP 92.47 93.99 91.79 92.48 1.38M
Berkshire Hathaway BRK.B 3678.00 3686.00 3630.00 3643.00 27.7K
Exchange Rates of January 03, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.360 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.173 CAD 1 CAD = 0.852 USD
US Dollar Swiss Franc 1 USD = 1.226 CHF 1 CHF = 0.816 USD
US Dollar Chinese Yuan 1 USD = 7.816 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 157.200 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.482 EUR
Euro Australian Dollar 1 EUR = 1.663 AUD 1 AUD = 0.601 EUR
Euro Canadian Dollar 1 EUR = 1.545 CAD 1 CAD = 0.647 EUR
Euro Swiss Franc 1 EUR = 1.615 CHF 1 CHF = 0.619 EUR
Japanese Yen Pound Sterling 1 JPY = 0.429 GBP 1 GBP = 2.331 JPY
Japanese Yen Australian Dollar 1 JPY = 1.058 AUD 1 AUD = 0.945 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.982 CAD 1 CAD = 1.018 JPY
Japanese Yen Swiss Franc 1 JPY = 1.027 CHF 1 CHF = 0.974 JPY
Pound Sterling Australian Dollar 1 GBP = 2.466 AUD 1 AUD = 0.406 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.289 CAD 1 CAD = 0.437 GBP
Pound Sterling Swiss Franc 1 GBP = 2.392 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.928 CAD 1 CAD = 1.078 AUD
Australian Dollar Swiss Franc 1 AUD = 0.970 CHF 1 CHF = 1.031 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.045 CHF 1 CHF = 0.957 CAD

See what else happened on January 03, 2007