Financial news on January 10, 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

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 94.75 97.80 93.45 97.00 105M
Intel INTC 21.09 21.62 21.03 21.52 76.3M
Microsoft MSFT 29.80 29.89 29.43 29.66 55M
Cisco Systems CSCO 28.27 28.73 28.21 28.68 50.6M
Pfizer PFE 26.10 26.26 26.00 26.20 34.5M
ConocoPhillips COP 66.19 67.20 64.39 64.53 30.9M
ExxonMobil XOM 72.00 73.11 70.64 70.99 30.6M
AT&T Inc. T 34.20 35.00 32.70 34.03 30M
Oracle Corp. ORCL 17.66 17.80 17.55 17.77 27.8M
General Electric GE 37.38 37.61 37.34 37.56 24M
JPMorgan Chase JPM 47.47 48.12 47.44 48.10 15.6M
Home Depot HD 39.32 39.93 39.06 39.78 15.3M
Verizon Communications VZ 36.96 37.00 36.48 36.75 14.8M
Abbott Laboratories ABT 50.22 50.44 50.00 50.39 13.8M
Wal-Mart Stores WMT 47.22 47.62 46.51 47.28 13.3M
Schlumberger SLB 57.93 58.90 55.68 57.03 13.3M
Chevron CVX 69.75 70.31 68.93 69.41 11.9M
Alphabet GOOGL 484.43 493.55 482.04 489.46 11.9M
Altria MO 88.47 89.42 87.90 89.19 11.7M
Wells Fargo & Co. WFC 35.42 35.65 35.37 35.48 9.8M
Comcast CMCSA 42.33 42.94 42.25 42.91 9.27M
HP Inc. HPQ 41.97 42.28 41.94 42.20 8.81M
International Business Machines IBM 99.03 99.05 97.93 98.89 8.74M
Procter & Gamble PG 63.27 64.33 63.25 64.24 8.14M
Merck MRK 43.85 44.39 43.63 44.12 7.58M
Walt Disney & Co. DIS 34.15 34.55 33.98 34.49 7.31M
Johnson & Johnson JNJ 66.56 66.56 66.07 66.15 6.53M
Amazon AMZN 37.49 37.70 37.07 37.15 6.53M
Pepsico PEP 62.59 64.29 62.29 64.15 6.43M
McDonald's MCD 43.78 44.29 43.46 44.26 6.37M
Amgen AMGN 70.90 71.24 70.70 71.04 5.78M
Bristol-Myers Squibb BMY 26.22 26.26 25.83 26.20 5.73M
United Technologies UTX 62.22 62.87 61.85 62.69 5.16M
UnitedHealth Group UNH 52.82 53.25 52.20 52.83 5.08M
Coca-Cola KO 48.49 48.79 48.37 48.68 4.46M
Boeing BA 88.04 89.34 88.00 89.27 3.96M
Gilead Sciences GILD 64.65 64.97 64.05 64.69 3.18M
Union Pacific UNP 90.40 90.54 89.58 90.13 2.21M
3M MMM 77.31 77.96 77.04 77.85 1.79M
Berkshire Hathaway BRK.B 3650.00 3659.00 3615.00 3651.00 15.5K
Exchange Rates of January 10, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.670 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.174 CAD 1 CAD = 0.852 USD
US Dollar Swiss Franc 1 USD = 1.247 CHF 1 CHF = 0.802 USD
US Dollar Chinese Yuan 1 USD = 7.807 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 154.820 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.494 EUR
Euro Australian Dollar 1 EUR = 1.664 AUD 1 AUD = 0.601 EUR
Euro Canadian Dollar 1 EUR = 1.519 CAD 1 CAD = 0.658 EUR
Euro Swiss Franc 1 EUR = 1.613 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.432 GBP 1 GBP = 2.314 JPY
Japanese Yen Australian Dollar 1 JPY = 1.074 AUD 1 AUD = 0.931 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.981 CAD 1 CAD = 1.020 JPY
Japanese Yen Swiss Franc 1 JPY = 1.041 CHF 1 CHF = 0.960 JPY
Pound Sterling Australian Dollar 1 GBP = 2.485 AUD 1 AUD = 0.402 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.268 CAD 1 CAD = 0.441 GBP
Pound Sterling Swiss Franc 1 GBP = 2.408 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.912 CAD 1 CAD = 1.096 AUD
Australian Dollar Swiss Franc 1 AUD = 0.969 CHF 1 CHF = 1.033 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.061 CHF 1 CHF = 0.942 CAD

See what else happened on January 10, 2007