Financial news on January 10th, 2007

Business and Financial news
Apple Introduces Innovative Cellphone

Apple chose the name iPhone even though Cisco Systems had recently introduced a Wi-Fi-based phone with the same name. Read more..

By JOHN MARKOFF - The New York Times

Dow Jones Plans Layoffs at Newswires and Factiva

Dow Jones Plans Layoffs at Newswires and Factiva. Read more..

By BLOOMBERG NEWS - The New York Times

Emissions Plan for Airlines Opposed by U.S. Diplomat

A United States diplomat warned the European Commission against adopting rules that would impose emission controls on all flights landing at European airports, a signal that Washington may take legal action if the measure became law. The diplomat,... Read more..

By NICOLA CLARK - The New York Times

Finding the Green in Building Renovation

A New York developer has an eye on making environmentally conscious improvements to properties in locations served by mass transit. Read more..

By LISA CHAMBERLAIN - The New York Times

iPhone Pros and Cons

Apple doesn’t have a booth at CES and it clearly doesn’t need one. The iPhone announcement seems to have overshadowed most of what’s going on in Las Vegas. Read more..

By THE NEW YORK TIMES - The New York Times

I.R.S. Use of Private Debt Collectors Is Criticized

The national taxpayer advocate called on Congress to repeal the authority of the Internal Revenue Service to use private debt collectors. Read more..

By LYNNLEY BROWNING - The New York Times

Last Year’s Model?

The Apple cellphone is getting all the attention, but the company also announced a TV that connects to the Internet. Read more..

By DAMON DARLIN - The New York Times

Mall REIT Warns That It Might Be Forced Into Bankruptcy

The Mills Corporation, the real estate investment trust known for off-price malls in outlying suburbs that combine entertainment and shopping, said yesterday that it was running out of cash and might be forced to seek bankruptcy protection, puttin... Read more..

By TERRY PRISTIN - The New York Times

Some Hands-On Time With the iPhone

Here are some of the things you can’t tell without actually handling and using the iPhone. Read more..

By DAVID POGUE - The New York Times

The Future of Economics Is Not So Dismal

Economists have been using their tools, mainly the analysis of enormous piles of data to tease out cause and effect, to examine everything from politics to French wine vintages. Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.2728.7328.2128.6850.6M
AT&T Inc.T34.2035.0032.7034.0330M
Oracle Corp.ORCL17.6617.8017.5517.7727.8M
General ElectricGE37.3837.6137.3437.5624M
JPMorgan ChaseJPM47.4748.1247.4448.1015.6M
Home DepotHD39.3239.9339.0639.7815.3M
Verizon CommunicationsVZ36.9637.0036.4836.7514.8M
Abbott LaboratoriesABT50.2250.4450.0050.3913.8M
Wal-Mart StoresWMT47.2247.6246.5147.2813.3M
Wells Fargo & Co.WFC35.4235.6535.3735.489.8M
HP Inc.HPQ41.9742.2841.9442.208.81M
International Business MachinesIBM99.0399.0597.9398.898.74M
Procter & GamblePG63.2764.3363.2564.248.14M
Walt Disney & Co.DIS34.1534.5533.9834.497.31M
Johnson & JohnsonJNJ66.5666.5666.0766.156.53M
Bristol-Myers SquibbBMY26.2226.2625.8326.205.73M
United TechnologiesUTX62.2262.8761.8562.695.16M
UnitedHealth GroupUNH52.8253.2552.2052.835.08M
Gilead SciencesGILD64.6564.9764.0564.693.18M
Union PacificUNP90.4090.5489.5890.132.21M
Berkshire HathawayBRK.B3650.003659.003615.003651.0015.5K
Exchange Rates of January 10th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119.670 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.174 CAD1 CAD = 0.852 USD
US DollarSwiss Franc1 USD = 1.247 CHF1 CHF = 0.802 USD
US DollarChinese Yuan1 USD = 7.807 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 154.820 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.494 EUR
EuroAustralian Dollar1 EUR = 1.664 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.519 CAD1 CAD = 0.658 EUR
EuroSwiss Franc1 EUR = 1.613 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.432 GBP1 GBP = 2.314 JPY
Japanese YenAustralian Dollar1 JPY = 1.074 AUD1 AUD = 0.931 JPY
Japanese YenCanadian Dollar1 JPY = 0.981 CAD1 CAD = 1.020 JPY
Japanese YenSwiss Franc1 JPY = 1.041 CHF1 CHF = 0.960 JPY
Pound SterlingAustralian Dollar1 GBP = 2.485 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.268 CAD1 CAD = 0.441 GBP
Pound SterlingSwiss Franc1 GBP = 2.408 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.912 CAD1 CAD = 1.096 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.033 AUD
Canadian DollarSwiss Franc1 CAD = 1.061 CHF1 CHF = 0.942 CAD

See what else happened on January 10th, 2007