Financial news on February 6th, 2007

Business and Financial news
Banks Appeal Ruling Allowing Enron Investors to Sue as Class

NEW ORLEANS, Feb. 5 (Bloomberg News) — Two investment banks, Merrill Lynch and Credit Suisse, asked a federal appeals court yesterday to end a class-action lawsuit by Enron investors seeking $40 billion that they lost when the energy trader c... Read more..

By BLOOMBERG NEWS - The New York Times

Chief of PepsiCo to Get Chairman’s Post

PepsiCo said that its board had elected its chief executive, Indra K. Nooyi, to succeed Steven S. Reinemund as chairman when he retires in May. Read more..

By BLOOMBERG NEWS - The New York Times

Home Depot Proxy Fight Is Settled

The home improvement retailer reached an agreement with a large shareholder that will prevent a proxy fight over the company’s strategy. Read more..


Humana Profit More Than Doubles, Aided by Medicare Gains

Humana, the health insurer, said yesterday that profit more than doubled as enrollment increased in the company’s Medicare plans for older Americans. Read more..

By BLOOMBERG NEWS - The New York Times

Hyundai Chief Sentenced to Prison for Embezzling

Chung Mong-koo, 68, committed a “clearly criminal act,” the judge said, and will serve three years. Read more..

By CHOE SANG-HUN - The New York Times

State Street to Acquire Investors Financial for $4.5 Billion

In a $4.5 billion stock transaction, the two will join forces to challenge the recently announced combination of Bank of New York and Mellon Financial. Read more..

By JEREMY W. PETERS - The New York Times

Two Top Executives to Leave Discovery Communications

Leaders of Discovery’s cable channels will now report to the chief executive, giving him a more hands-on role. Read more..

By RICHARD SIKLOS - The New York Times

Virtual Hostages on a Plane

The travails of passengers on a stranded flight showed how strained the system is at times when unpredictable factors like bad weather bring extra stress. Read more..

By JOE SHARKEY - The New York Times

Wal-Mart and Studios in Film Deal

Wal-Mart will introduce a partnership with all of the six major Hollywood studios to sell digital movies and television shows on its Web site. Read more..

By MICHAEL BARBARO - The New York Times

Yes, That’s a Head in My Baggage. Is There Some Sort of Problem?

If there’s a head in your luggage, you might want to allow yourself a few extra minutes at the security checkpoint. Read more..

By DAN VICTOR, as told to Christopher Elliott - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.7527.7827.1227.28105M
Oracle Corp.ORCL17.1317.1916.8617.0231.4M
AT&T Inc.T37.7037.9637.4437.5122.8M
General ElectricGE36.3836.4436.2336.3122.7M
HP Inc.HPQ42.7742.7741.7742.0117.1M
UnitedHealth GroupUNH51.8051.8950.5150.9911M
JPMorgan ChaseJPM50.8551.3250.7651.009.85M
Wells Fargo & Co.WFC35.7936.0235.7535.909.66M
Verizon CommunicationsVZ38.0538.2037.8138.088.63M
Procter & GamblePG65.1565.2664.4864.598.34M
Johnson & JohnsonJNJ66.3966.4365.7966.008.18M
Home DepotHD41.0941.3840.9141.278.1M
Walt Disney & Co.DIS35.4135.4635.0835.197.91M
Abbott LaboratoriesABT52.7052.7552.2152.467.12M
International Business MachinesIBM100.00100.4099.5499.556.53M
Bristol-Myers SquibbBMY28.6528.7928.5128.755.85M
Wal-Mart StoresWMT48.5348.7748.3248.585M
Gilead SciencesGILD69.9970.4569.6770.334.75M
United TechnologiesUTX68.0368.6067.8068.413.61M
Union PacificUNP100.61101.4699.8699.942.49M
Berkshire HathawayBRK.B3624.503636.003601.003632.0014.6K
Exchange Rates of February 6th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.110 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.182 CAD1 CAD = 0.846 USD
US DollarSwiss Franc1 USD = 1.240 CHF1 CHF = 0.807 USD
US DollarChinese Yuan1 USD = 7.757 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 155.940 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.659 GBP1 GBP = 1.518 EUR
EuroAustralian Dollar1 EUR = 1.669 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.534 CAD1 CAD = 0.652 EUR
EuroSwiss Franc1 EUR = 1.610 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.422 GBP1 GBP = 2.369 JPY
Japanese YenAustralian Dollar1 JPY = 1.070 AUD1 AUD = 0.935 JPY
Japanese YenCanadian Dollar1 JPY = 0.984 CAD1 CAD = 1.017 JPY
Japanese YenSwiss Franc1 JPY = 1.032 CHF1 CHF = 0.969 JPY
Pound SterlingAustralian Dollar1 GBP = 2.535 AUD1 AUD = 0.394 GBP
Pound SterlingCanadian Dollar1 GBP = 2.329 CAD1 CAD = 0.429 GBP
Pound SterlingSwiss Franc1 GBP = 2.443 CHF1 CHF = 0.409 GBP
Australian DollarCanadian Dollar1 AUD = 0.918 CAD1 CAD = 1.089 AUD
Australian DollarSwiss Franc1 AUD = 0.963 CHF1 CHF = 1.038 AUD
Canadian DollarSwiss Franc1 CAD = 1.049 CHF1 CHF = 0.954 CAD

See what else happened on February 6th, 2007