Financial news on February 5th, 2007

Business and Financial news
A Distinctly Modern Demise for the World’s Oldest Newspaper

After more than 360 years, Sweden’s Post och Inrikes Tidningar, or PoIT, is going online only. Read more..

By KATHARINE Q. SEELYE - The New York Times

A Long-Delayed Ad System Has Yahoo Crossing Its Fingers

Project Panama is Yahoo’s effort to close the wide gap with Google in the race for search advertising dollars. Read more..

By MIGUEL HELFT - The New York Times

Author, Facing Court Date, Must Limit His Book Tour

Conrad M. Black is scheduled to be in court this spring facing charges of criminal fraud and money laundering while also promoting his new biography on Richard M. Nixon. Read more..


For Newsweek Subscribers, a Question: Smoking or Nonsmoking?

Newsweek says it will provide tobacco ad-free copies of its magazine to any individual subscribers who request them. Read more..

By MARIA ASPAN - The New York Times

High Prices Help Sell All-in-One Products

In an experiment, the proportion of subjects choosing an all-in-one product shot up by more than a third when it was priced at a premium. Read more..

By ALEX MINDLIN - The New York Times

Looking Ahead

A VERY BIG DEAL On Wednesday, shareholders of Equity Office Properties Trust will vote on a takeover offer by Blackstone, which is in a bidding war with Vornado Realty Trust. Whatever deal emerges will most likely be the largest private equity buy... Read more..

By THE NEW YORK TIMES - The New York Times

Mayor Takes His Message to London

Mayor Michael R. Bloomberg took his message that New York City is losing its edge as a global financial center to London. Read more..

By SEWELL CHAN - The New York Times

Super Bowl Ads of Cartoonish Violence, Perhaps Reflecting Toll of War

The war in Iraq seemed to linger just below the surface of many of this year’s Super Bowl commercials. Read more..

By STUART ELLIOTT - The New York Times

The Director Lines Up a Shot

A year after DreamWorks was sold to Paramount, Steven Spielberg is fighting to retain control of his company’s independence. Read more..

By LAURA M. HOLSON - The New York Times

Three Agencies Compete for Sprint Nextel Account

Sprint Nextel has named three agencies — for now — to compete for its creative account in a review that began in early January. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.4227.6727.2327.5161.1M
Oracle Corp.ORCL17.3517.4317.0817.1628.5M
General ElectricGE36.2736.4836.2036.3726.2M
AT&T Inc.T38.1038.1037.6537.7926M
Wells Fargo & Co.WFC35.7935.8535.6635.6915.5M
HP Inc.HPQ42.0543.0042.0142.8110M
Verizon CommunicationsVZ38.0238.1337.8138.099.06M
Home DepotHD40.6741.2340.5441.039.02M
Walt Disney & Co.DIS35.4035.4935.1535.269M
Wal-Mart StoresWMT48.5048.9048.4248.528.68M
Bristol-Myers SquibbBMY28.5328.7928.4328.738.44M
International Business MachinesIBM99.17100.4498.90100.388.18M
JPMorgan ChaseJPM50.8151.1550.5450.968.08M
Johnson & JohnsonJNJ66.3866.6066.1066.307.53M
Abbott LaboratoriesABT52.4052.6552.1852.506.99M
UnitedHealth GroupUNH51.9552.8351.8652.336.47M
Procter & GamblePG65.1265.4264.9365.156.37M
Gilead SciencesGILD70.6570.8469.9570.024.71M
United TechnologiesUTX67.9968.6467.4167.773.53M
Union PacificUNP102.00103.04101.76102.441.62M
Berkshire HathawayBRK.B3641.003641.003605.003624.5011.6K
Exchange Rates of February 5th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.320 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.183 CAD1 CAD = 0.846 USD
US DollarSwiss Franc1 USD = 1.249 CHF1 CHF = 0.801 USD
US DollarChinese Yuan1 USD = 7.759 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 155.560 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.659 GBP1 GBP = 1.517 EUR
EuroAustralian Dollar1 EUR = 1.666 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.529 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.614 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.424 GBP1 GBP = 2.361 JPY
Japanese YenAustralian Dollar1 JPY = 1.071 AUD1 AUD = 0.934 JPY
Japanese YenCanadian Dollar1 JPY = 0.982 CAD1 CAD = 1.018 JPY
Japanese YenSwiss Franc1 JPY = 1.038 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.528 AUD1 AUD = 0.396 GBP
Pound SterlingCanadian Dollar1 GBP = 2.318 CAD1 CAD = 0.431 GBP
Pound SterlingSwiss Franc1 GBP = 2.447 CHF1 CHF = 0.409 GBP
Australian DollarCanadian Dollar1 AUD = 0.917 CAD1 CAD = 1.091 AUD
Australian DollarSwiss Franc1 AUD = 0.968 CHF1 CHF = 1.033 AUD
Canadian DollarSwiss Franc1 CAD = 1.056 CHF1 CHF = 0.947 CAD

See what else happened on February 5th, 2007