Financial news on January 9th, 2007

Business and Financial news
Express Scripts Moves to Derail a Merger

Express Scripts opened a proxy war in the pharmacy benefits industry, moving to derail the pending acquisition of its rival Caremark Rx. Read more..

By MILT FREUDENHEIM - The New York Times

I’ll Have Fries and a Glass of Your Best Champagne

Matching food with wine is an art. And while not everyone can agree on good art, everyone can agree on what is bad art. Read more..


Pricing the iPhone

Rob Glaser, chief executive of Real Networks, on Apple’s new iPhone. Read more..

By THE NEW YORK TIMES - The New York Times

Reins Off, French Retailers Rush to Buy TV Time

A ban on TV ads by French retailers expired at the end of 2006, loosening one of the most restrictive marketing regulations in Europe. Read more..

By ERIC PFANNER - The New York Times

South Korea: Samsung Forecast

The Samsung Electronics Company forecast record profit from consumer electronics this year, helped by television sales. Profit this year from the digital media division, including earnings from overseas affiliates, will probably exceed 1 trillion ... Read more..

By BLOOMBERG NEWS - The New York Times

State Farm in Talks to Settle Gulf Claims

The nation’s biggest home insurer is close to settling hundreds of lawsuits over its payments for homes hit by Hurricane Katrina. Read more..

By JOSEPH B. TREASTER - The New York Times

That Charter Jet Is Available, but How Good Is the Pilot?

Two well-publicized accidents brought into question the assumption that all charter flights operate under tough standards. Read more..

By JOE SHARKEY - The New York Times

The iPhone Rumors Are Right…Finally

OK, so after three years of being wrong, the rumor sites were finally right. Now there IS an Apple cellphone. Or, rather, will be one in June. Read more..

By DAVID POGUE - The New York Times

The LCD Juggernaut–Not So Fast!

Panasonic, which has most of its eggs in the plasma TV basket, takes exception to the idea that liquid-crystal display TVs are going to dominate the big-screen HDTV market. Read more..

By DAMON DARLIN - The New York Times

Yahoo Introduces Mobile Service Software

Yahoo’s Go for Mobile 2.0 will let users find information like news, stock quotes and sports scores more quickly on their cellphones. Read more..

By MIGUEL HELFT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.7228.7528.3128.4750.5M
AT&T Inc.T33.8534.4133.6633.9440.1M
Oracle Corp.ORCL17.9317.9817.6517.8231.4M
General ElectricGE37.7737.9937.3637.5524.6M
Home DepotHD39.5039.8539.2239.3220.3M
Abbott LaboratoriesABT50.1550.6650.0050.2217M
Verizon CommunicationsVZ36.8137.2536.8136.9616.3M
Wal-Mart StoresWMT47.0047.6747.0047.3914.6M
HP Inc.HPQ42.0842.3941.8942.2011.9M
Walt Disney & Co.DIS34.5034.6933.9534.4511.6M
International Business MachinesIBM99.24100.3399.07100.0711.1M
Procter & GamblePG63.3963.8063.1163.4810.8M
Wells Fargo & Co.WFC35.5835.8535.4835.5910.2M
JPMorgan ChaseJPM47.9048.1147.3647.759.28M
Bristol-Myers SquibbBMY26.2326.3026.0126.217.51M
Johnson & JohnsonJNJ66.6066.8566.1366.267.15M
UnitedHealth GroupUNH53.3253.3552.4352.685.48M
Gilead SciencesGILD64.9565.5164.5265.015.15M
United TechnologiesUTX62.9763.1062.2362.474.52M
Union PacificUNP91.0291.4390.4490.851.71M
Berkshire HathawayBRK.B3586.003652.003583.003650.0012.2K
Exchange Rates of January 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.380 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.177 CAD1 CAD = 0.850 USD
US DollarSwiss Franc1 USD = 1.241 CHF1 CHF = 0.806 USD
US DollarChinese Yuan1 USD = 7.807 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.190 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.493 EUR
EuroAustralian Dollar1 EUR = 1.664 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.529 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.614 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.432 GBP1 GBP = 2.317 JPY
Japanese YenAustralian Dollar1 JPY = 1.072 AUD1 AUD = 0.933 JPY
Japanese YenCanadian Dollar1 JPY = 0.985 CAD1 CAD = 1.015 JPY
Japanese YenSwiss Franc1 JPY = 1.040 CHF1 CHF = 0.962 JPY
Pound SterlingAustralian Dollar1 GBP = 2.484 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.282 CAD1 CAD = 0.438 GBP
Pound SterlingSwiss Franc1 GBP = 2.407 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.918 CAD1 CAD = 1.089 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.032 AUD
Canadian DollarSwiss Franc1 CAD = 1.055 CHF1 CHF = 0.948 CAD

See what else happened on January 9th, 2007