Financial news on January 12th, 2007

Business and Financial news
An Updraft for the Airlines

The chief of US Airways, with a $10.5 billion takeover proposal for Delta, has helped make the industry feel better about itself again. Read more..

By JEFF BAILEY - The New York Times

Executive Who Stirred Up Volkswagen Will Step Down

Wolfgang Bernhard will leave the company as part of a broad shake-up of its managing board. Read more..

By CARTER DOUGHERTY - The New York Times

Iraq Dominates World Politics, Not Markets

Investors act as if they believe that Iraq will be like Vietnam in a very important way: In the long run, it will have little real significance for the world economy. Read more..

By FLOYD NORRIS - The New York Times

Like Them or Loathe Them, Hedge Funds Aren’t Going Away

Hedge funds have become a more accepted fixture in the financial landscape. Read more..

By JENNY ANDERSON - The New York Times

Revamping of EMI Begins With Management Shake-Up

The British music giant fired its chief of recorded music, Alain Levy, ahead of a broad reorganization aimed at reviving the flagging company. Read more..

By JEFF LEEDS - The New York Times

Times Co. to Cut Jobs in New England

The voluntary buyout plan is part of an effort to cut 125 jobs at The Boston Globe and The Worcester Telegram & Gazette. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.5428.9728.4528.9254.6M
Oracle Corp.ORCL17.3517.5517.2817.5042.5M
General ElectricGE37.8438.0037.6737.8925.9M
HP Inc.HPQ42.6443.7242.5843.5323M
AT&T Inc.T34.6434.9134.4234.7320.2M
Wal-Mart StoresWMT47.6248.1147.2147.9813.9M
Verizon CommunicationsVZ37.1637.4937.1537.3312.5M
Walt Disney & Co.DIS34.9935.2934.8535.2112M
Home DepotHD39.9540.3739.8540.1111.2M
Abbott LaboratoriesABT50.0750.4950.0150.4511.2M
JPMorgan ChaseJPM48.1048.2647.9047.9910.6M
Wells Fargo & Co.WFC35.5435.7235.4035.5110.3M
UnitedHealth GroupUNH54.4055.3454.2555.108.35M
Procter & GamblePG64.4065.0064.4065.007.9M
Bristol-Myers SquibbBMY26.3526.6326.1026.257.61M
International Business MachinesIBM98.9999.6998.5099.346.64M
Johnson & JohnsonJNJ66.4566.8066.3066.646.19M
United TechnologiesUTX63.4964.7263.4064.425.31M
Gilead SciencesGILD65.8066.4965.7966.163.81M
Union PacificUNP90.5192.4990.5191.962.08M
Berkshire HathawayBRK.B3670.003674.003655.003668.009.2K
Exchange Rates of January 12th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 120.320 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.170 CAD1 CAD = 0.855 USD
US DollarSwiss Franc1 USD = 1.247 CHF1 CHF = 0.802 USD
US DollarChinese Yuan1 USD = 7.797 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.510 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.660 GBP1 GBP = 1.516 EUR
EuroAustralian Dollar1 EUR = 1.649 AUD1 AUD = 0.607 EUR
EuroCanadian Dollar1 EUR = 1.512 CAD1 CAD = 0.661 EUR
EuroSwiss Franc1 EUR = 1.612 CHF1 CHF = 0.620 EUR
Japanese YenPound Sterling1 JPY = 0.424 GBP1 GBP = 2.359 JPY
Japanese YenAustralian Dollar1 JPY = 1.060 AUD1 AUD = 0.944 JPY
Japanese YenCanadian Dollar1 JPY = 0.972 CAD1 CAD = 1.029 JPY
Japanese YenSwiss Franc1 JPY = 1.036 CHF1 CHF = 0.965 JPY
Pound SterlingAustralian Dollar1 GBP = 2.499 AUD1 AUD = 0.400 GBP
Pound SterlingCanadian Dollar1 GBP = 2.292 CAD1 CAD = 0.436 GBP
Pound SterlingSwiss Franc1 GBP = 2.443 CHF1 CHF = 0.409 GBP
Australian DollarCanadian Dollar1 AUD = 0.916 CAD1 CAD = 1.091 AUD
Australian DollarSwiss Franc1 AUD = 0.977 CHF1 CHF = 1.024 AUD
Canadian DollarSwiss Franc1 CAD = 1.066 CHF1 CHF = 0.938 CAD

See what else happened on January 12th, 2007