Financial news on February 09, 2007

Business and Financial news
EMI May Sell Recordings Online With No Anti-Copying Software

EMI is said to have discussed proposals to sell unprotected files through an array of digital retailers, including Apple, Microsoft, Real Networks and Yahoo. Read more..

By JEFF LEEDS - The New York Times

European Central Bank Warns of Higher Interest Rates

The bank president cited risk of inflation if unions win higher wages in upcoming negotiations. Read more..

By CARTER DOUGHERTY - The New York Times

Fortress Goes Public, a First for Hedge Funds Inside U.S.

Fortress Investment Group will make its debut at $18.50 a share — at the high end of its expected price range. Read more..

By MICHAEL J. de la MERCED - The New York Times

Fox to Begin a ‘More Business Friendly’ News Channel

Rupert Murdoch said the Fox Business Channel would be friendlier to corporations than CNBC, the leading TV business news outlet. Read more..

By EDWARD WYATT - The New York Times

Hedge Funds Walk a Hard Line Between Silence and Sharing

Hedge funds are notoriously reticent in part because the government requires them to be. But some of them want to speak up. Read more..

By JENNY ANDERSON - The New York Times

In a Search Refinement, a Chance to Rival Google

Xerox’s Palo Alto Research Center is licensing patents and technology to a start-up with the goal of building a search engine that could rival Google. Read more..

By MIGUEL HELFT - The New York Times

In the Land of the Euro, Small Towns Adopt Alternative Currencies

The success of locally issued vouchers defies traditional economic logic, but local officials say it helps their economies. Read more..

By CARTER DOUGHERTY - The New York Times

Losses in Home Loans Prompt HSBC to Shake Up Management of Unit

Michael Geoghegan, chief executive of HSBC, said that the loan-loss difficulties were isolated to its American consumer finance arm. Read more..

By NICOLA CLARK - The New York Times

Qwest Records Quarterly Profit and Rise in Internet Subscribers

The phone company reported a fourth-quarter profit, helped by a gain tied to the sale of real estate and an increase in high-speed Internet subscribers. Read more..

By BLOOMBERG NEWS - The New York Times

Shrinking Pains at Kodak

Eastman Kodak, tens of thousands of jobs lighter than it was three years ago, is struggling for a toehold in a competitive digital world. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.42 21.54 20.92 21.03 80.4M
Microsoft MSFT 29.35 29.40 28.93 28.98 69.8M
Cisco Systems CSCO 28.06 28.15 27.48 27.71 50.6M
Oracle Corp. ORCL 16.79 16.94 16.54 16.70 41.4M
Apple AAPL 85.88 86.20 83.21 83.27 30.7M
General Electric GE 35.71 35.84 35.48 35.53 29.8M
Pfizer PFE 26.41 26.55 26.34 26.38 24M
AT&T Inc. T 37.49 37.72 36.83 36.90 20.6M
Walt Disney & Co. DIS 35.20 35.30 33.92 34.36 19.3M
ExxonMobil XOM 75.46 75.73 74.91 75.22 17.7M
Comcast CMCSA 41.63 41.72 40.44 40.82 16.7M
Wal-Mart Stores WMT 48.37 48.54 47.67 47.97 12.4M
ConocoPhillips COP 66.85 67.33 66.53 66.99 12.4M
Wells Fargo & Co. WFC 35.42 35.85 35.23 35.36 12.4M
Amgen AMGN 69.95 70.09 69.00 69.05 10.4M
Alphabet GOOGL 471.65 472.68 461.50 461.89 9.71M
JPMorgan Chase JPM 51.02 51.19 50.08 50.42 9.49M
Home Depot HD 41.22 41.42 40.91 41.00 9.32M
Verizon Communications VZ 37.99 38.10 37.37 37.70 8.39M
HP Inc. HPQ 42.65 42.74 42.10 42.23 8.01M
Abbott Laboratories ABT 52.35 52.63 52.14 52.27 7.89M
Schlumberger SLB 64.90 65.33 64.22 64.46 7.72M
Altria MO 85.05 85.80 85.00 85.39 7.4M
Pepsico PEP 62.56 64.15 62.56 63.91 7.28M
Johnson & Johnson JNJ 65.86 66.10 65.53 65.60 7.11M
Bristol-Myers Squibb BMY 28.74 28.82 28.52 28.52 6.87M
Chevron CVX 73.93 74.00 73.06 73.32 6.5M
International Business Machines IBM 99.35 99.70 97.81 98.55 6.1M
Amazon AMZN 39.19 39.31 38.66 38.72 5.96M
Merck MRK 44.06 44.28 43.66 43.82 5.49M
Procter & Gamble PG 64.59 64.82 64.22 64.43 5.25M
McDonald's MCD 44.47 44.90 44.42 44.56 4.95M
Coca-Cola KO 47.72 47.99 47.64 47.76 4.91M
Gilead Sciences GILD 71.47 72.27 70.81 71.16 4.85M
UnitedHealth Group UNH 51.28 51.52 50.75 50.88 4.44M
Boeing BA 89.35 90.30 89.03 90.00 4.28M
3M MMM 74.64 75.00 74.25 74.54 2.55M
United Technologies UTX 68.15 68.45 67.44 67.58 2.04M
Union Pacific UNP 101.20 101.20 99.07 99.64 1.64M
Berkshire Hathaway BRK.B 3628.00 3641.50 3617.50 3635.00 14.3K
Exchange Rates of February 09, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.700 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.172 CAD 1 CAD = 0.853 USD
US Dollar Swiss Franc 1 USD = 1.247 CHF 1 CHF = 0.802 USD
US Dollar Chinese Yuan 1 USD = 7.751 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 158.280 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.667 GBP 1 GBP = 1.499 EUR
Euro Australian Dollar 1 EUR = 1.675 AUD 1 AUD = 0.597 EUR
Euro Canadian Dollar 1 EUR = 1.524 CAD 1 CAD = 0.656 EUR
Euro Swiss Franc 1 EUR = 1.622 CHF 1 CHF = 0.616 EUR
Japanese Yen Pound Sterling 1 JPY = 0.421 GBP 1 GBP = 2.374 JPY
Japanese Yen Australian Dollar 1 JPY = 1.058 AUD 1 AUD = 0.946 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.963 CAD 1 CAD = 1.039 JPY
Japanese Yen Swiss Franc 1 JPY = 1.025 CHF 1 CHF = 0.976 JPY
Pound Sterling Australian Dollar 1 GBP = 2.510 AUD 1 AUD = 0.398 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.285 CAD 1 CAD = 0.438 GBP
Pound Sterling Swiss Franc 1 GBP = 2.431 CHF 1 CHF = 0.411 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.910 CAD 1 CAD = 1.099 AUD
Australian Dollar Swiss Franc 1 AUD = 0.968 CHF 1 CHF = 1.033 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.064 CHF 1 CHF = 0.940 CAD

See what else happened on February 09, 2007