Financial news on January 12, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 30,65 31,39 30,64 31,21 104M
Intel INTC 21,79 22,15 21,62 22,13 90.7M
Cisco Systems CSCO 28,54 28,97 28,45 28,92 54.6M
Apple AAPL 94,59 95,06 93,23 94,62 46.9M
Oracle Corp. ORCL 17,35 17,55 17,28 17,50 42.5M
Pfizer PFE 26,54 26,81 26,38 26,64 29.8M
General Electric GE 37,84 38,00 37,67 37,89 25.9M
ConocoPhillips COP 62,48 63,99 62,29 63,83 25.2M
ExxonMobil XOM 71,21 72,71 71,20 72,66 24.4M
HP Inc. HPQ 42,64 43,72 42,58 43,53 23M
AT&T Inc. T 34,64 34,91 34,42 34,73 20.2M
Comcast CMCSA 43,15 44,12 43,10 44,09 16.9M
Schlumberger SLB 57,24 58,05 57,01 57,89 15.3M
Wal-Mart Stores WMT 47,62 48,11 47,21 47,98 13.9M
Altria MO 89,42 89,66 87,81 88,42 13.3M
Verizon Communications VZ 37,16 37,49 37,15 37,33 12.5M
Walt Disney & Co. DIS 34,99 35,29 34,85 35,21 12M
Home Depot HD 39,95 40,37 39,85 40,11 11.2M
Abbott Laboratories ABT 50,07 50,49 50,01 50,45 11.2M
JPMorgan Chase JPM 48,10 48,26 47,90 47,99 10.6M
Wells Fargo & Co. WFC 35,54 35,72 35,40 35,51 10.3M
Amgen AMGN 72,02 73,57 72,00 73,27 10.1M
Merck MRK 44,48 45,09 44,32 44,79 9.42M
Chevron CVX 69,10 70,62 69,10 70,35 9.34M
Alphabet GOOGL 501,99 505,00 500,00 505,00 8.94M
UnitedHealth Group UNH 54,40 55,34 54,25 55,10 8.35M
Procter & Gamble PG 64,40 65,00 64,40 65,00 7.9M
Bristol-Myers Squibb BMY 26,35 26,63 26,10 26,25 7.61M
McDonald's MCD 44,67 44,68 44,09 44,22 7.1M
Coca-Cola KO 48,60 48,67 48,25 48,55 6.83M
International Business Machines IBM 98,99 99,69 98,50 99,34 6.64M
Johnson & Johnson JNJ 66,45 66,80 66,30 66,64 6.19M
United Technologies UTX 63,49 64,72 63,40 64,42 5.31M
Pepsico PEP 64,78 65,25 64,59 64,70 4.98M
Amazon AMZN 37,36 38,21 37,27 38,20 4.47M
Boeing BA 88,54 88,85 87,50 88,13 3.89M
Gilead Sciences GILD 65,80 66,49 65,79 66,16 3.81M
3M MMM 78,41 79,50 78,22 79,36 2.58M
Union Pacific UNP 90,51 92,49 90,51 91,96 2.08M
Berkshire Hathaway BRK.B 3670,00 3674,00 3655,00 3668,00 9.2K
Exchange Rates of January 12, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 120,320 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,170 CAD 1 CAD = 0,855 USD
US Dollar Swiss Franc 1 USD = 1,247 CHF 1 CHF = 0,802 USD
US Dollar Chinese Yuan 1 USD = 7,797 CNY 1 CNY = 0,128 USD
Euro Japanese Yen 1 EUR = 155,510 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,660 GBP 1 GBP = 1,516 EUR
Euro Australian Dollar 1 EUR = 1,649 AUD 1 AUD = 0,607 EUR
Euro Canadian Dollar 1 EUR = 1,512 CAD 1 CAD = 0,661 EUR
Euro Swiss Franc 1 EUR = 1,612 CHF 1 CHF = 0,620 EUR
Japanese Yen Pound Sterling 1 JPY = 0,424 GBP 1 GBP = 2,359 JPY
Japanese Yen Australian Dollar 1 JPY = 1,060 AUD 1 AUD = 0,944 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,972 CAD 1 CAD = 1,029 JPY
Japanese Yen Swiss Franc 1 JPY = 1,036 CHF 1 CHF = 0,965 JPY
Pound Sterling Australian Dollar 1 GBP = 2,499 AUD 1 AUD = 0,400 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,292 CAD 1 CAD = 0,436 GBP
Pound Sterling Swiss Franc 1 GBP = 2,443 CHF 1 CHF = 0,409 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,916 CAD 1 CAD = 1,091 AUD
Australian Dollar Swiss Franc 1 AUD = 0,977 CHF 1 CHF = 1,024 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,066 CHF 1 CHF = 0,938 CAD

See what else happened on January 12, 2007