Financial news on February 7th, 2012

Business and Financial news
Avoiding Baggage Fees

Travelers are figuring out creative ways to avoid paying to take baggage on flights as number of fees airlines place on customers grows; entire cottage industry has emerged for products that help people evade baggage-check fees. Read more..

By JANET MORRISSEY - The New York Times

Business Day Live | February 7, 2012

A major foreclosure services company is indicted for "robo-signing," even as a multibillion-dollar deal to provide relief to struggling homeowners offers limited legal protection for financial firms. Read more..

Mac William Bishop, Pedro Rosado, Nadia Sussman and Matthew Orr - The New York Times

Humana Hits Analysts’ Targets for the Quarter

The insurer’s profit was up, but shares fell as its full-year outlook failed to meet Wall Street’s expectations. Read more..

By REUTERS - The New York Times

Leap of Faith Can Land a Good Hotel Deal

Joe Sharkey On the Road column contends Priceline’s 'name your own price' feature is not perfect, but its deals on hotel rooms can be worth the effort; notes firm is de-emphasizing that part of its business, even though blind bidding still accounts for most of its hotel bookings in the United States; notes Priceline is emphasizing its segment that publishes discount prices before reservations. Read more..

By JOE SHARKEY - The New York Times

Markets Edge Down After 5-Week Rally

Stocks close slightly lower as European debt and corporate earnings eclipse optimism about economic growth. Read more..

By REUTERS - The New York Times

'Merkozy' Fights for Re-election

The normally cautious German chancellor is taking a big risk by planning campaign appearances in support of the French leader, who seems likely to be defeated in coming elections. Read more..

By PAUL TAYLOR | REUTERS - International Herald Tribune

With Champagne as a Calling Card, Passport Control Is Effusive

Frequent Flier column features Laurent-Perrier Champagne executive vice president Michelle DeFeo discussing her flying experiences. Read more..

By MICHELLE DEFEO - The New York Times

Wolfram, a Search Engine, Finds Answers Within Itself

Search engine Wolfram Alpha introduces its new Wolfram Alpha Pro version, described by creator Stephen Wolfram as a 'computational knowledge engine' designed to appeal to more than math and science enthusiasts; new premium version does not forage the Web, but instead culls its own painstakingly curated database to find answers for the average user. Read more..

By STEVE LOHR - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20.0920.3320.0020.2061.4M
General ElectricGE19.0219.2018.9119.1836M
Wells Fargo & Co.WFC30.0230.4930.0030.2625.4M
AT&T Inc.T29.8530.1529.8030.0424.2M
JPMorgan ChaseJPM37.8638.1237.7037.8721.1M
Oracle Corp.ORCL28.9129.0028.7528.9520.3M
Walt Disney & Co.DIS40.7341.1540.2040.9820.1M
HP Inc.HPQ28.7329.1728.5928.9514.6M
Gilead SciencesGILD55.2055.8854.6655.0813.7M
Verizon CommunicationsVZ38.2938.3037.6837.9212.5M
Abbott LaboratoriesABT55.2455.8655.1955.7112.4M
General MotorsGM26.6226.6226.1526.2210.8M
Home DepotHD45.1345.5845.1045.469.73M
Johnson & JohnsonJNJ65.1665.3965.0265.269.25M
Procter & GamblePG63.5663.9163.3763.708.9M
Bristol-Myers SquibbBMY32.0432.2132.0232.158.81M
Wal-Mart StoresWMT61.6261.9061.6261.696.08M
UnitedHealth GroupUNH51.0952.1350.9152.035.24M
International Business MachinesIBM192.45194.14191.97193.353.43M
Union PacificUNP114.51115.06112.28114.683.1M
United TechnologiesUTX80.3480.4979.6780.282.8M
Berkshire HathawayBRK.B79.3880.0079.1879.882.26M
Exchange Rates of February 7th, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.740 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.995 CAD1 CAD = 1.005 USD
US DollarSwiss Franc1 USD = 0.912 CHF1 CHF = 1.097 USD
US DollarChinese Yuan1 USD = 6.305 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 101.780 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.834 GBP1 GBP = 1.199 EUR
EuroAustralian Dollar1 EUR = 1.227 AUD1 AUD = 0.815 EUR
EuroCanadian Dollar1 EUR = 1.319 CAD1 CAD = 0.758 EUR
EuroSwiss Franc1 EUR = 1.209 CHF1 CHF = 0.827 EUR
EuroChinese Yuan1 EUR = 8.366 CNY1 CNY = 0.120 EUR
Japanese YenPound Sterling1 JPY = 0.819 GBP1 GBP = 1.221 JPY
Japanese YenAustralian Dollar1 JPY = 1.205 AUD1 AUD = 0.830 JPY
Japanese YenCanadian Dollar1 JPY = 1.295 CAD1 CAD = 0.772 JPY
Japanese YenSwiss Franc1 JPY = 1.187 CHF1 CHF = 0.842 JPY
Pound SterlingAustralian Dollar1 GBP = 1.471 AUD1 AUD = 0.680 GBP
Pound SterlingCanadian Dollar1 GBP = 1.581 CAD1 CAD = 0.632 GBP
Pound SterlingSwiss Franc1 GBP = 1.449 CHF1 CHF = 0.690 GBP
Pound SterlingChinese Yuan1 GBP = 10.032 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.075 CAD1 CAD = 0.930 AUD
Australian DollarSwiss Franc1 AUD = 0.985 CHF1 CHF = 1.015 AUD
Australian DollarChinese Yuan1 AUD = 6.818 CNY1 CNY = 0.147 AUD
Canadian DollarSwiss Franc1 CAD = 0.917 CHF1 CHF = 1.091 CAD
Canadian DollarChinese Yuan1 CAD = 6.343 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.918 CNY1 CNY = 0.145 CHF

See what else happened on February 7th, 2012