Financial news on January 8th, 2007

Business and Financial news
A Disputed A.P. Source Turns Up, but Bloggers Are Not Appeased

The confirmation of an Iraqi source, whose existence had been called into question, hasn’t stopped bloggers from criticizing The Associated Press. Read more..

By MARIA ASPAN - The New York Times

Everything Is Networking

Do you want to be able to send pictures, music and movies around the house, from one PC, TV or stereo to another? Read more..

By ERIC A. TAUB - The New York Times

In Trying Times, Papers Retreat From Washington

Faced with declining ad revenues and web competition midsize, regional dailies have scaled back their Washington coverage. Read more..

By KATHARINE Q. SEELYE - The New York Times

LCD vs. Plasma: And the Winner Is…

LCD may be winning the battle of the marketplace, but the industry has long known that its technology has come up short in a number of areas, when compared to plasma’s overall picture quality. Read more..

By THE NEW YORK TIMES - The New York Times

Slimmer Time in the Age of the Internet

Seismic changes at Time magazine reflect the brutal cost cutting realities in the mass magazine business. Read more..

By DAVID CARR - The New York Times

Stock Offerings This Week

The following equity and convertible debt offerings are expected this week:. Read more..

By THE NEW YORK TIMES - The New York Times

Taking Control of Electric Bill, Hour by Hour

A pilot project in Chicago allows residents to save money by shifting their use of power. Read more..

By DAVID CAY JOHNSTON - The New York Times

That R2 Unit Is a Real Bargain

Nikko Home Electronics is showing an R2-D2 DVD Projector that plays DVDs and other digital content. Read more..

By BRAD STONE - The New York Times

The British Like to Control TV With Their DVRs, Too

Sales of digital video recorders through British Sky Broadcasting have surged in England. Read more..

By ERIC PFANNER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.5428.7428.3228.6347.9M
AT&T Inc.T33.4034.0133.2133.8140.2M
Oracle Corp.ORCL17.6317.9317.4517.8631M
General ElectricGE37.5537.6737.2537.5523.7M
Verizon CommunicationsVZ36.9537.0436.5936.8120.4M
Home DepotHD39.9439.9539.2539.4917.5M
Wal-Mart StoresWMT46.9047.3146.9047.0016.4M
Abbott LaboratoriesABT49.8250.1349.6450.0812.7M
Wells Fargo & Co.WFC35.7935.8935.3935.5011.7M
HP Inc.HPQ42.2542.3041.9441.9711.5M
Procter & GamblePG63.5963.7863.2363.6411.1M
International Business MachinesIBM98.5099.5098.3598.9010.3M
Walt Disney & Co.DIS34.1934.6334.0734.509.48M
JPMorgan ChaseJPM47.5748.0647.3247.958.24M
Bristol-Myers SquibbBMY26.1026.1725.7326.107.91M
Johnson & JohnsonJNJ66.5166.7566.0566.516.18M
UnitedHealth GroupUNH52.3253.4952.2253.324.34M
United TechnologiesUTX62.4663.5962.0163.193.35M
Gilead SciencesGILD63.9864.3463.5164.233.25M
Union PacificUNP90.4291.3090.1590.801.22M
Berkshire HathawayBRK.B3591.003595.003575.003586.0015.2K
Exchange Rates of January 8th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.800 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.175 CAD1 CAD = 0.851 USD
US DollarSwiss Franc1 USD = 1.237 CHF1 CHF = 0.809 USD
US DollarChinese Yuan1 USD = 7.813 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 154.720 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.488 EUR
EuroAustralian Dollar1 EUR = 1.670 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.530 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.610 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.434 GBP1 GBP = 2.304 JPY
Japanese YenAustralian Dollar1 JPY = 1.079 AUD1 AUD = 0.927 JPY
Japanese YenCanadian Dollar1 JPY = 0.989 CAD1 CAD = 1.012 JPY
Japanese YenSwiss Franc1 JPY = 1.041 CHF1 CHF = 0.961 JPY
Pound SterlingAustralian Dollar1 GBP = 2.485 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.277 CAD1 CAD = 0.439 GBP
Pound SterlingSwiss Franc1 GBP = 2.396 CHF1 CHF = 0.417 GBP
Australian DollarCanadian Dollar1 AUD = 0.916 CAD1 CAD = 1.092 AUD
Australian DollarSwiss Franc1 AUD = 0.964 CHF1 CHF = 1.037 AUD
Canadian DollarSwiss Franc1 CAD = 1.052 CHF1 CHF = 0.950 CAD

See what else happened on January 8th, 2007