Financial news on January 05, 2007

Business and Financial news
2 Law Firms Call Off Plans for a Merger

Dewey Ballantine and Orrick, Herrington & Sutcliffe called off plans for a merger, the victim of too many insurmountable issues. Read more..

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

30 Seconds of Fame at Super Bowl XLI Will Cost $2.6 Million

More than a dozen marketers agreed to an estimated average of $2.6 million — a record amount — for each 30-second commercial during the game. Read more..

By STUART ELLIOTT - The New York Times

Australian Insurer Buys 2nd U.S. Firm

QBE Insurance Group agreed to buy the U.S. arm of Winterthur for $1.16 billion, its biggest purchase and second American acquisition in three weeks. Read more..

By BLOOMBERG NEWS - The New York Times

China: Google Invests in Internet Firm

In a move to expand beyond the search business in the world’s second-largest Internet market, Google has made an investment in Xunlei NetworkTechnology, a Chinese Internet video firm, the company said. A Google spokesman said that the investment i... Read more..

By MIGUEL HELFT - The New York Times

Gadflies Get Respect, and Not Just at Home Depot

An activist investor led the campaign against Home Depot’s management and strategy that culminated in the ouster of its chief executive. Read more..

By CHARLES DUHIGG - The New York Times

Gap Falters; Most Rivals Post Gains

The Gap’s directors are participating in a broad review of the company’s strategy to pull it out of a protracted sales slump. Read more..

By MICHAEL BARBARO - The New York Times

Hedge Fund Plans to Solicit Proxies

Pirate Capital plans to solicit proxies in support of its push to persuade the Brink’s Company to hire an investment bank for a possible sale. Read more..

By BLOOMBERG NEWS - The New York Times

Monsanto Profit Climbs 53% in Quarter

Demand for corn seeds and its Roundup herbicide contributed to the increase but the company forecast 2007 earnings below analysts’ estimates. Read more..

By BLOOMBERG NEWS - The New York Times

Saying the No. 1 Ranking Is Worth Keeping, G.M.’s Chief Vows to Fight Toyota

Rick Wagoner said G.M. is not ready to concede its No. 1 position, but offered scant evidence that it could fend off a challenge from Toyota. Read more..

By NICK BUNKLEY - The New York Times

Second-Largest Tribune Company Shareholder Hires Buyout Consultant

The McCormick Tribune Foundation said it had hired a buyout firm to advise it on a course of action while the Tribune Company is on the block. Read more..

By KATHARINE Q. SEELYE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.09 21.15 20.76 21.10 64.6M
Cisco Systems CSCO 28.44 28.57 28.05 28.47 62.6M
Microsoft MSFT 29.63 29.75 29.45 29.64 44.6M
AT&T Inc. T 34.40 34.54 33.95 33.96 36.6M
Oracle Corp. ORCL 17.62 17.76 17.44 17.64 36.2M
Pfizer PFE 26.55 26.63 26.17 26.30 31.4M
Apple AAPL 85.77 86.20 84.40 85.05 29.8M
General Electric GE 37.57 37.76 37.31 37.56 27M
ExxonMobil XOM 72.45 73.38 72.22 73.24 24.7M
Home Depot HD 40.44 40.63 39.72 39.79 21.7M
ConocoPhillips COP 66.70 67.65 66.07 67.42 21.2M
Verizon Communications VZ 38.03 38.06 37.32 37.38 19M
HP Inc. HPQ 41.64 42.27 41.48 42.20 17.4M
Abbott Laboratories ABT 49.90 50.00 49.27 49.90 14.6M
Alphabet GOOGL 482.50 487.50 478.11 487.19 13.7M
Wal-Mart Stores WMT 47.50 47.80 47.15 47.39 13.6M
JPMorgan Chase JPM 48.17 48.25 47.63 47.79 10.8M
Merck MRK 45.10 45.10 44.18 44.30 10.7M
Walt Disney & Co. DIS 34.27 34.44 33.99 34.19 10.6M
Amgen AMGN 71.34 72.08 71.01 71.50 10.5M
Wells Fargo & Co. WFC 35.79 35.83 35.51 35.60 10.3M
Schlumberger SLB 59.80 60.07 59.10 59.20 10.3M
Procter & Gamble PG 63.87 64.00 63.34 63.50 9.91M
Chevron CVX 70.28 71.12 70.12 70.55 9.62M
Comcast CMCSA 42.95 43.06 42.32 42.55 8.57M
Altria MO 87.93 87.94 86.95 87.15 8.21M
Johnson & Johnson JNJ 66.80 67.25 66.50 66.62 8.14M
Bristol-Myers Squibb BMY 26.69 26.73 26.05 26.18 8.01M
International Business Machines IBM 97.60 97.95 96.91 97.42 7.22M
Amazon AMZN 38.72 38.79 37.60 38.37 6.62M
UnitedHealth Group UNH 52.88 53.05 51.93 52.55 6.22M
Coca-Cola KO 48.50 48.57 48.17 48.26 5.8M
McDonald's MCD 43.40 43.82 43.34 43.54 5.7M
Pepsico PEP 62.70 63.22 62.70 62.95 4.54M
United Technologies UTX 62.60 62.99 62.07 62.68 4.35M
Gilead Sciences GILD 64.22 64.82 63.85 64.21 3.51M
Boeing BA 89.78 90.00 88.50 89.15 3.29M
3M MMM 77.89 77.90 77.01 77.42 2.77M
Union Pacific UNP 91.72 91.78 90.58 90.66 1.61M
Berkshire Hathaway BRK.B 3633.00 3633.00 3563.00 3578.00 18.6K
Exchange Rates of January 05, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.620 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.173 CAD 1 CAD = 0.853 USD
US Dollar Swiss Franc 1 USD = 1.236 CHF 1 CHF = 0.809 USD
US Dollar Chinese Yuan 1 USD = 7.809 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 154.250 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.674 GBP 1 GBP = 1.484 EUR
Euro Australian Dollar 1 EUR = 1.669 AUD 1 AUD = 0.599 EUR
Euro Canadian Dollar 1 EUR = 1.525 CAD 1 CAD = 0.656 EUR
Euro Swiss Franc 1 EUR = 1.607 CHF 1 CHF = 0.622 EUR
Japanese Yen Pound Sterling 1 JPY = 0.437 GBP 1 GBP = 2.290 JPY
Japanese Yen Australian Dollar 1 JPY = 1.082 AUD 1 AUD = 0.925 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.988 CAD 1 CAD = 1.012 JPY
Japanese Yen Swiss Franc 1 JPY = 1.042 CHF 1 CHF = 0.960 JPY
Pound Sterling Australian Dollar 1 GBP = 2.477 AUD 1 AUD = 0.404 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.262 CAD 1 CAD = 0.442 GBP
Pound Sterling Swiss Franc 1 GBP = 2.384 CHF 1 CHF = 0.419 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.913 CAD 1 CAD = 1.095 AUD
Australian Dollar Swiss Franc 1 AUD = 0.962 CHF 1 CHF = 1.039 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.054 CHF 1 CHF = 0.949 CAD

See what else happened on January 05, 2007