Financial news on January 11th, 2007

Business and Financial news
3 at Florida-Based Hedge Fund Accused of Misleading Investors

The three principals of the KL Group were accused of orchestrating an extensive fraud that raised more than $194 million from at least 250 investors. Read more..

By JULIE CRESWELL - The New York Times

A New Focus on Delta Air as Deal Bait

US Airways increased its bid for Delta to about $10.3 billion. Hours later, Northwest Airlines emerged as a potential suitor. Read more..

By JEFF BAILEY - The New York Times

A Shuffle at Paramount, and More to Come

The departure of Paramount Pictures president, Gail Berman, carried a message that the turmoil at the studio is not over. Read more..


EMI Group Said to Dismiss Its Music Chief

EMI Group is said to have sacked its recorded music chief, Alain Levy, ahead of a reorganization aimed at reviving the flagging company. Read more..

By JEFF LEEDS - The New York Times

It’s a Still Camera. No, a Camcorder. No Need to Choose Because It’s Both.

The Canon DC50 digital camera has a 10x zoom lens and includes both a built-in flash and video light. Read more..

By MARTY KATZ - The New York Times

Large Beasts, Mean Weapons and a Terrifying Judge

The animated cinematic sequences in Lost Planet: Extreme Condition are slickly produced and well acted but not remotely engaging. Read more..

By CHARLES HEROLD - The New York Times

The Computer With a TV, and a Family's Virtual Bulletin Board

The notion of a computer at the heart of every home gets a little bump with the multitasking Hewlett-Packard's $1,800 TouchSmart PC. Read more..

By MARTY KATZ - The New York Times

Trade Deficit Drops for Third Consecutive Month

Despite the improvement, the U.S. is on track to end 2006 with a record trade imbalance, eclipsing the $716.7 billion deficit in 2005. Read more..

By JEREMY W. PETERS - The New York Times

Um, Uh, Like Call in the Speech Coach

Good voice and presentation skills can help entrepreneurs come into their own and even compete against larger competitors with big marketing budgets. Read more..

By HILLARY CHURA - The New York Times

Wonder Where You Wander? This Mobile Phone Can Tell You

Thanks to cellphones, friends and relations can find you anywhere in the world. But can you find yourself? Read more..

By JOHN BIGGS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL17.7917.8117.3517.3965.4M
Cisco SystemsCSCO28.7728.9928.6128.6954.6M
General ElectricGE37.5637.9637.4237.9230.8M
AT&T Inc.T34.0934.5233.6034.4924.3M
Wal-Mart StoresWMT47.2747.7347.2147.6014.8M
Abbott LaboratoriesABT50.4450.9850.1750.3512.6M
Walt Disney & Co.DIS34.5935.0334.4534.9912.4M
Home DepotHD39.6540.1939.6540.0812.1M
HP Inc.HPQ42.3342.7941.9542.6411.8M
Verizon CommunicationsVZ36.7137.2136.5037.119.74M
Bristol-Myers SquibbBMY26.5026.5725.9826.548.27M
JPMorgan ChaseJPM48.0048.4247.9448.318.05M
International Business MachinesIBM99.8599.9098.5098.658M
Wells Fargo & Co.WFC35.5435.6435.4535.547.09M
Procter & GamblePG64.1664.8064.1064.646.59M
Johnson & JohnsonJNJ66.4066.8466.2866.736.37M
UnitedHealth GroupUNH53.1154.5052.9554.455.49M
United TechnologiesUTX62.9963.9562.7263.705.01M
Gilead SciencesGILD64.9966.2564.7166.244.42M
Union PacificUNP90.2390.9690.2390.502.17M
Berkshire HathawayBRK.B3654.003670.003650.003670.0011.4K
Exchange Rates of January 11th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.490 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.178 CAD1 CAD = 0.849 USD
US DollarSwiss Franc1 USD = 1.250 CHF1 CHF = 0.800 USD
US DollarChinese Yuan1 USD = 7.795 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.340 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.663 GBP1 GBP = 1.509 EUR
EuroAustralian Dollar1 EUR = 1.651 AUD1 AUD = 0.606 EUR
EuroCanadian Dollar1 EUR = 1.518 CAD1 CAD = 0.659 EUR
EuroSwiss Franc1 EUR = 1.611 CHF1 CHF = 0.621 EUR
Japanese YenPound Sterling1 JPY = 0.426 GBP1 GBP = 2.345 JPY
Japanese YenAustralian Dollar1 JPY = 1.062 AUD1 AUD = 0.942 JPY
Japanese YenCanadian Dollar1 JPY = 0.977 CAD1 CAD = 1.024 JPY
Japanese YenSwiss Franc1 JPY = 1.037 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.491 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.291 CAD1 CAD = 0.436 GBP
Pound SterlingSwiss Franc1 GBP = 2.430 CHF1 CHF = 0.411 GBP
Australian DollarCanadian Dollar1 AUD = 0.919 CAD1 CAD = 1.088 AUD
Australian DollarSwiss Franc1 AUD = 0.975 CHF1 CHF = 1.025 AUD
Canadian DollarSwiss Franc1 CAD = 1.061 CHF1 CHF = 0.943 CAD

See what else happened on January 11th, 2007