Financial news on February 8th, 2007

Business and Financial news
Bank Settles Shelter Suits by Investors

The settlement by Deutsche Bank is a major shift in how it is dealing with the legal woes surrounding its tax shelter work. Read more..

By LYNNLEY BROWNING - The New York Times

Breaking the Myth of Megapixels

The myth that the more megapixels a camera has, the better the pictures, is a big fat lie. Read more..

By DAVID POGUE - The New York Times

Electronic Data Systems Nearly Doubles Quarterly Net Income

Fourth-quarter profit almost doubled after it reduced costs and generated more revenue from government orders. Read more..

By BLOOMBERG NEWS - The New York Times

EMC Plans Public Offering for 10% of Software Division

EMC said it planned to sell 10 percent of its fast-growing software subsidiary, VMware, in an initial public offering this summer. Read more..

By STEVE LOHR - The New York Times

House Committee to Examine Recent Performance of S.B.A.

The agency has come under criticism for its disaster relief program as well as its operating, lending and contracting practices. Read more..

By RON NIXON - The New York Times

Merger Activity Lifts Lazard to Record 4th-Quarter Profit

Lazard said that strength in its merger-advisory business helped lift its fourth-quarter profit 50 percent, to a record $85.8 million. Read more..

By PETER EDMONSTON - The New York Times

Sending Giant Files

How can I send a 50-megabyte file to a friend since it’s way too big for an e-mail attachment? Read more..

By J. D. BIERSDORFER - The New York Times

The Magic Behind the ‘Superzoom’ Lens

The emergence of image stabilization will have a gigantic impact on the quality of your photos. Read more..

By DAVID POGUE - The New York Times

Waiting List Gone, Incentives Are Coming for Prius

Sales of the hybrid-electric Prius have flattened, prompting Toyota to offer incentives and begin a national ad campaign for the car. Read more..


Warning! This Flashing Red Light Means the Tires Are Low on Air

Air Alert valve caps are bright enough to be seen in daylight, and really catch your eye by night. Read more..

By IVAN BERGER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.9028.3527.8028.1455.3M
Oracle Corp.ORCL16.8716.9216.6616.7145.8M
General ElectricGE36.0636.0635.6035.7433.7M
Walt Disney & Co.DIS36.0436.0934.9535.2920.7M
AT&T Inc.T37.2037.5036.9437.3816.4M
Verizon CommunicationsVZ38.0438.2337.6837.9512.2M
Home DepotHD41.2241.2740.9441.0912M
Wells Fargo & Co.WFC35.8135.8135.3635.5611.1M
Wal-Mart StoresWMT48.3648.6048.1348.3110.8M
JPMorgan ChaseJPM51.0651.0650.5250.9310.3M
Abbott LaboratoriesABT52.4052.5552.0652.1410.1M
HP Inc.HPQ42.5042.8042.3142.479.43M
Bristol-Myers SquibbBMY28.6628.8528.6528.708.46M
Johnson & JohnsonJNJ65.7665.9765.6065.767.34M
International Business MachinesIBM98.9099.7498.6599.626.15M
Procter & GamblePG64.1164.7564.1064.595.78M
UnitedHealth GroupUNH51.2851.6651.1751.244.11M
Gilead SciencesGILD72.0672.5371.5872.163.46M
United TechnologiesUTX68.5168.7367.8468.053.01M
Union PacificUNP100.24101.1599.71100.581.58M
Berkshire HathawayBRK.B3604.003630.003604.003611.009.9K
Exchange Rates of February 8th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.030 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.183 CAD1 CAD = 0.846 USD
US DollarSwiss Franc1 USD = 1.246 CHF1 CHF = 0.803 USD
US DollarChinese Yuan1 USD = 7.749 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.830 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.666 GBP1 GBP = 1.502 EUR
EuroAustralian Dollar1 EUR = 1.668 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.542 CAD1 CAD = 0.649 EUR
EuroSwiss Franc1 EUR = 1.625 CHF1 CHF = 0.615 EUR
Japanese YenPound Sterling1 JPY = 0.422 GBP1 GBP = 2.372 JPY
Japanese YenAustralian Dollar1 JPY = 1.056 AUD1 AUD = 0.947 JPY
Japanese YenCanadian Dollar1 JPY = 0.977 CAD1 CAD = 1.024 JPY
Japanese YenSwiss Franc1 JPY = 1.029 CHF1 CHF = 0.972 JPY
Pound SterlingAustralian Dollar1 GBP = 2.506 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.316 CAD1 CAD = 0.432 GBP
Pound SterlingSwiss Franc1 GBP = 2.440 CHF1 CHF = 0.410 GBP
Australian DollarCanadian Dollar1 AUD = 0.924 CAD1 CAD = 1.083 AUD
Australian DollarSwiss Franc1 AUD = 0.973 CHF1 CHF = 1.028 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.949 CAD

See what else happened on February 8th, 2007