Financial news on December 11th, 2006

Business and Financial news

Accounts. Read more..

By THE NEW YORK TIMES - The New York Times

American Sports Being Exported to New Fans in the Old World

A crowd of American sports leagues are racing to widen international appeal and revenue by playing more games abroad and expanding foreign marketing. Read more..

By DOREEN CARVAJAL - The New York Times

Equity Firms in Talks to Buy Sabre Holdings

Sabre Holdings, the travel reservation company, is in advanced talks to be sold to a consortium of private equity firms for more than $4 billion. Read more..

By ANDREW ROSS SORKIN - The New York Times

Online Swindlers Shift Focus to Smaller Retailers

The holiday season typically brings a surge in the number of fraudulent online orders, and smaller online retailers are being hit especially hard this year. Read more..

By BOB TEDESCHI - The New York Times

Sales of iPods and iTunes Not Much in Sync

The numbers suggest that iPods are not driving iTunes sales as much as early supporters may have expected. Read more..

By ALEX MINDLIN - The New York Times

S.E.C. to Ease Auditing Standards for Small Publicly Held Companies

The long-awaited interpretation of the Sarbanes-Oxley Act is the culmination of a fierce lobbying battle between accounting firms and small public companies. Read more..

By STEPHEN LABATON - The New York Times

Squeezing Money From the Music

Major labels have begun demanding a cut of concert earnings or T-shirt, ring tone and merchandise revenue from new artists seeking record contracts. Read more..

By JEFF LEEDS - The New York Times

Stronger Rules on Produce Likely After Outbreaks of E.Coli

Outbreaks have caused the produce industry, long wary of regulation, to ask for more government oversight. Read more..

By ANDREW MARTIN - The New York Times

Times Sq. Ads Spread Via Tourists’ Cameras

Online, an army of consumers is spreading messages from advertisers well beyond Manhattan. Read more..

By LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL17.7718.2517.7118.0743.9M
Cisco SystemsCSCO26.9027.4826.8527.1143M
General ElectricGE35.2435.5235.0535.2230.1M
HP Inc.HPQ39.5640.1839.4340.0119M
Wal-Mart StoresWMT46.2846.4545.9246.0016.5M
AT&T Inc.T34.8835.3334.8035.1816.2M
Home DepotHD38.8038.9538.4638.7915.6M
Verizon CommunicationsVZ35.5035.8635.4635.6911.5M
JPMorgan ChaseJPM46.7047.8446.7047.5511.2M
Johnson & JohnsonJNJ65.9666.0065.4665.707.73M
Wells Fargo & Co.WFC35.4335.6135.3335.397.22M
Walt Disney & Co.DIS34.2934.6434.2534.527.16M
Abbott LaboratoriesABT47.9048.1147.5747.827.07M
Bristol-Myers SquibbBMY25.3625.5525.3025.424.86M
UnitedHealth GroupUNH49.9050.3149.3550.094.48M
Procter & GamblePG63.7064.0363.6063.873.86M
International Business MachinesIBM93.7294.3593.5693.643.46M
United TechnologiesUTX64.6465.0764.3965.013.39M
Gilead SciencesGILD65.5966.1565.2265.752.13M
Union PacificUNP92.7694.5092.3593.891.3M
Berkshire HathawayBRK.B3562.003618.003562.003592.0016K
Exchange Rates of December 11th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.970 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.148 CAD1 CAD = 0.871 USD
US DollarSwiss Franc1 USD = 1.203 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 7.829 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 154.810 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.480 EUR
EuroAustralian Dollar1 EUR = 1.686 AUD1 AUD = 0.593 EUR
EuroCanadian Dollar1 EUR = 1.519 CAD1 CAD = 0.659 EUR
EuroSwiss Franc1 EUR = 1.592 CHF1 CHF = 0.628 EUR
Japanese YenPound Sterling1 JPY = 0.436 GBP1 GBP = 2.292 JPY
Japanese YenAustralian Dollar1 JPY = 1.089 AUD1 AUD = 0.919 JPY
Japanese YenCanadian Dollar1 JPY = 0.981 CAD1 CAD = 1.020 JPY
Japanese YenSwiss Franc1 JPY = 1.028 CHF1 CHF = 0.973 JPY
Pound SterlingAustralian Dollar1 GBP = 2.495 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.247 CAD1 CAD = 0.445 GBP
Pound SterlingSwiss Franc1 GBP = 2.355 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.900 CAD1 CAD = 1.111 AUD
Australian DollarSwiss Franc1 AUD = 0.943 CHF1 CHF = 1.060 AUD
Canadian DollarSwiss Franc1 CAD = 1.048 CHF1 CHF = 0.954 CAD

See what else happened on December 11th, 2006