Financial news on December 12, 2006
Business and Financial news
An era in advertising will end Dec. 31 when Edward H. Meyer, 80, head of the worldwide agency now known as the Grey Global Group, retires. Read more..
The U.S. formally accused China on Monday of failing to open the nation’s economy and crack down on piracy of foreign goods. Read more..
The DP World sale is the final chapter in a contentious deal that some say drove Middle East petrodollars away from the U.S. Read more..
The DuPont Company will eliminate 1,500 agriculture jobs and cut output of herbicides and pesticides in a plan to increase spending on genetically modified seeds, the company said yesterday. Read more..
Fewer people are rushing to cram in miles before the end of the year to upgrade to a higher frequent-flier status. Read more..
The new formula takes into account higher speeds, more aggressive driving, more air-conditioning use and other factors not in the old system. Read more..
SAC Capital Advisors, a $10 billion hedge fund, has raised its stake in the Phelps Dodge Corporation to 5.1 percent and said yesterday that it would oppose a proposed takeover of the company by Freeport-McMoRan Copper and Gold. Read more..
Leonard M. Greene was an inventor who developed an instrument to warn pilots when their planes were about to stall and who sold more than half a million of the devices over six decades. Read more..
The president of Verizon Communications, Lawrence T. Babbio Jr., will step down by the end of the first quarter of 2007. Read more..
The former Enron chief executive said he was made a scapegoat and is seeking to remain free on bail while he appeals his conviction. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||35.32||35.47||35.19||35.34||12.8M|
|Walt Disney & Co.||DIS||34.44||34.68||34.28||34.54||9.49M|
|Johnson & Johnson||JNJ||65.78||65.90||65.29||65.58||8.94M|
|International Business Machines||IBM||93.60||94.85||93.30||94.12||7.78M|
|Procter & Gamble||PG||63.92||64.06||63.45||63.70||7.02M|
Exchange Rates of December 12, 2006
|US Dollar||Japanese Yen||1 USD = 116.760 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.152 CAD||1 CAD = 0.868 USD|
|US Dollar||Swiss Franc||1 USD = 1.199 CHF||1 CHF = 0.834 USD|
|US Dollar||Chinese Yuan||1 USD = 7.831 CNY||1 CNY = 0.128 USD|
|Euro||Japanese Yen||1 EUR = 155.120 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.674 GBP||1 GBP = 1.484 EUR|
|Euro||Australian Dollar||1 EUR = 1.688 AUD||1 AUD = 0.592 EUR|
|Euro||Canadian Dollar||1 EUR = 1.530 CAD||1 CAD = 0.653 EUR|
|Euro||Swiss Franc||1 EUR = 1.593 CHF||1 CHF = 0.628 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.434 GBP||1 GBP = 2.304 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.088 AUD||1 AUD = 0.919 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.986 CAD||1 CAD = 1.014 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.027 CHF||1 CHF = 0.974 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.505 AUD||1 AUD = 0.399 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.271 CAD||1 CAD = 0.440 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.364 CHF||1 CHF = 0.423 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.906 CAD||1 CAD = 1.104 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.943 CHF||1 CHF = 1.060 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.041 CHF||1 CHF = 0.961 CAD|