Financial news on February 9th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28,0628,1527,4827,7150.6M
Oracle Corp.ORCL16,7916,9416,5416,7041.4M
General ElectricGE35,7135,8435,4835,5329.8M
AT&T Inc.T37,4937,7236,8336,9020.6M
Walt Disney & Co.DIS35,2035,3033,9234,3619.3M
Wal-Mart StoresWMT48,3748,5447,6747,9712.4M
Wells Fargo & Co.WFC35,4235,8535,2335,3612.4M
JPMorgan ChaseJPM51,0251,1950,0850,429.49M
Home DepotHD41,2241,4240,9141,009.32M
Verizon CommunicationsVZ37,9938,1037,3737,708.39M
HP Inc.HPQ42,6542,7442,1042,238.01M
Abbott LaboratoriesABT52,3552,6352,1452,277.89M
Johnson & JohnsonJNJ65,8666,1065,5365,607.11M
Bristol-Myers SquibbBMY28,7428,8228,5228,526.87M
International Business MachinesIBM99,3599,7097,8198,556.1M
Procter & GamblePG64,5964,8264,2264,435.25M
Gilead SciencesGILD71,4772,2770,8171,164.85M
UnitedHealth GroupUNH51,2851,5250,7550,884.44M
United TechnologiesUTX68,1568,4567,4467,582.04M
Union PacificUNP101,20101,2099,0799,641.64M
Berkshire HathawayBRK.B3628,003641,503617,503635,0014.3K
Exchange Rates of February 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121,700 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,172 CAD1 CAD = 0,853 USD
US DollarSwiss Franc1 USD = 1,247 CHF1 CHF = 0,802 USD
US DollarChinese Yuan1 USD = 7,751 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 158,280 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,667 GBP1 GBP = 1,499 EUR
EuroAustralian Dollar1 EUR = 1,675 AUD1 AUD = 0,597 EUR
EuroCanadian Dollar1 EUR = 1,524 CAD1 CAD = 0,656 EUR
EuroSwiss Franc1 EUR = 1,622 CHF1 CHF = 0,616 EUR
Japanese YenPound Sterling1 JPY = 0,421 GBP1 GBP = 2,374 JPY
Japanese YenAustralian Dollar1 JPY = 1,058 AUD1 AUD = 0,946 JPY
Japanese YenCanadian Dollar1 JPY = 0,963 CAD1 CAD = 1,039 JPY
Japanese YenSwiss Franc1 JPY = 1,025 CHF1 CHF = 0,976 JPY
Pound SterlingAustralian Dollar1 GBP = 2,510 AUD1 AUD = 0,398 GBP
Pound SterlingCanadian Dollar1 GBP = 2,285 CAD1 CAD = 0,438 GBP
Pound SterlingSwiss Franc1 GBP = 2,431 CHF1 CHF = 0,411 GBP
Australian DollarCanadian Dollar1 AUD = 0,910 CAD1 CAD = 1,099 AUD
Australian DollarSwiss Franc1 AUD = 0,968 CHF1 CHF = 1,033 AUD
Canadian DollarSwiss Franc1 CAD = 1,064 CHF1 CHF = 0,940 CAD

See what else happened on February 9th, 2007