Financial news on December 7th, 2006

Business and Financial news
Adding Up Drive Capacity

Why is there a discrepancy between the advertised capacity of an external hard drive and what the computer reports? Read more..

By J. D. BIERSDORFER - The New York Times

Germany: New Mutual Funds Comply With Islamic Law

Deutsche Bank opened five mutual funds that comply with Islamic law to tap growing demand for Islamic investment products. DWS Investments, Deutsche Bank’s mutual fund business unit, introduced the five funds, which will not invest in alcohol, gam... Read more..

By BLOOMBERG NEWS - The New York Times

Home Depot Backdated Many Options

Home Depot, the home improvement retailer, said yesterday that an internal investigation found that for 19 years the company “routinely” backdated option grants to benefit employees and had unrecorded expenses of about $200 million related to its ... Read more..

By BLOOMBERG NEWS - The New York Times

If an iPod Gets You Through the Day, This Can Start It

The XtremeMac Luna is an iPod dock that doubles as a clock radio. Read more..

By JOHN BIGGS - The New York Times

India: Cisco Expects to Triple Work Force

The networking company Cisco Systems said it expected to triple its employees in India, from the current 2,000, in three to five years. John Chambers, Cisco’s chief executive, said that half of all future growth in the work force would come from I... Read more..

By SARITHA RAI - The New York Times

Industry Insiders Praise Yahoo Choice for Key Post

Susan L. Decker, the new head of Yahoo’s advertiser and publisher group, has been charged with reducing Google’s lead in Internet advertising. Read more..

By MIGUEL HELFT - The New York Times

More Camera, More Style, Modest Price

How much digital camera can you get for $300? A lot more than last year. Read more..

By DAVID POGUE - The New York Times

Novell Shares Fall as Sales Disappoint

Sales declined 15 percent from a year earlier, to $244.9 million in the period ended Oct. 31, according to the company. Read more..

By BLOOMBERG NEWS - The New York Times

Report Says Oil Royalties Go Unpaid

A government inquiry found pervasive problems in the monitoring of royalties for oil drilling. Read more..

By EDMUND L. ANDREWS - The New York Times

The Tricky Etiquette of Business Gifts

As the year comes to a close, business owners across the country are faced with a similar choice: to give or not give, and if so, to whom? Read more..

By KAREN J. BANNAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL17.6217.7017.3217.5093.1M
Cisco SystemsCSCO27.2027.3026.8826.8831.4M
General ElectricGE35.1635.3935.0935.1625.6M
Home DepotHD39.5739.8638.8938.9316.4M
AT&T Inc.T34.8735.0034.6034.6315.8M
Wal-Mart StoresWMT46.7046.8046.3646.3714.2M
HP Inc.HPQ40.0540.2239.7739.8613.2M
Verizon CommunicationsVZ34.9135.2134.8734.9011.8M
Johnson & JohnsonJNJ66.2566.6465.9566.0610.4M
UnitedHealth GroupUNH49.0850.2549.0049.4910.1M
Abbott LaboratoriesABT48.3248.5147.9748.047.46M
JPMorgan ChaseJPM47.0847.0846.5646.637.39M
Procter & GamblePG63.9564.0463.6863.807M
Walt Disney & Co.DIS34.0534.3534.0034.146.59M
Bristol-Myers SquibbBMY25.4525.5325.1325.256.06M
Wells Fargo & Co.WFC35.6535.8035.4135.495.95M
International Business MachinesIBM94.0094.4393.5594.234.31M
Gilead SciencesGILD68.2068.2366.5566.883.26M
United TechnologiesUTX65.1965.4664.6164.742.67M
Union PacificUNP93.7894.1592.8893.181.34M
Berkshire HathawayBRK.B3620.003633.003570.003583.0015.2K
Exchange Rates of December 7th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.250 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.150 CAD1 CAD = 0.870 USD
US DollarSwiss Franc1 USD = 1.195 CHF1 CHF = 0.837 USD
US DollarChinese Yuan1 USD = 7.829 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 153.140 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.677 GBP1 GBP = 1.478 EUR
EuroAustralian Dollar1 EUR = 1.683 AUD1 AUD = 0.594 EUR
EuroCanadian Dollar1 EUR = 1.527 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.588 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.442 GBP1 GBP = 2.264 JPY
Japanese YenAustralian Dollar1 JPY = 1.099 AUD1 AUD = 0.910 JPY
Japanese YenCanadian Dollar1 JPY = 0.997 CAD1 CAD = 1.003 JPY
Japanese YenSwiss Franc1 JPY = 1.037 CHF1 CHF = 0.965 JPY
Pound SterlingAustralian Dollar1 GBP = 2.488 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.257 CAD1 CAD = 0.443 GBP
Pound SterlingSwiss Franc1 GBP = 2.346 CHF1 CHF = 0.426 GBP
Australian DollarCanadian Dollar1 AUD = 0.907 CAD1 CAD = 1.103 AUD
Australian DollarSwiss Franc1 AUD = 0.943 CHF1 CHF = 1.061 AUD
Canadian DollarSwiss Franc1 CAD = 1.039 CHF1 CHF = 0.962 CAD

See what else happened on December 7th, 2006