Financial news on December 13th, 2006
Business and Financial news
Mark V. Hurd assured analysts and investors that he planned to continue cutting costs but did not foresee making major acquisitions to maintain growth. Read more..
The Chandler family has begun talks with private equity firms about a joint bid for part of the Tribune Company. Read more..
The General Electric Company raised its quarterly dividend yesterday to 28 cents a share from 25 cents, in a move aimed at adding bolstering its lackluster share price. Read more..
Google said that it would grant employees transferable stock options that could be sold as well as exercised. Read more..
J. P. Morgan Chase & Company has hired Stephen M. Cutler, the former chief of enforcement at the Securities and Exchange Commission, as its top legal officer. Read more..
Nasdaq started the takeover clock ticking when it officially made a $5.3 billion hostile bid for the London Stock Exchange. Read more..
The Federal Reserve warned that inflation remained a concern, offering little hope that it would cut rates early next year. Read more..
The United States trade deficit shrank by the most in almost five years in October as the price of imported oil fell and faster growth abroad propelled exports to a record, the Commerce Department said yesterday. Read more..
Durham, N.C., is working with private developers to use history as a teaching experience while rebuilding a commercial district. Read more..
Quarterly profits soared 93 percent, and the bank is paying $16.5 billion in compensation this year, roughly $623,418 per employee. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||35.35||35.49||35.29||35.35||10.9M|
|Johnson & Johnson||JNJ||65.80||66.00||65.42||65.47||8.86M|
|Walt Disney & Co.||DIS||34.44||34.56||34.36||34.45||8.58M|
|International Business Machines||IBM||94.78||95.33||94.50||94.77||6.44M|
|Procter & Gamble||PG||63.73||63.95||63.25||63.40||6.1M|
Exchange Rates of December 13th, 2006
|US Dollar||Japanese Yen||1 USD = 117.560 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.157 CAD||1 CAD = 0.865 USD|
|US Dollar||Swiss Franc||1 USD = 1.206 CHF||1 CHF = 0.829 USD|
|US Dollar||Chinese Yuan||1 USD = 7.825 CNY||1 CNY = 0.128 USD|
|Euro||Japanese Yen||1 EUR = 155.330 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.672 GBP||1 GBP = 1.489 EUR|
|Euro||Australian Dollar||1 EUR = 1.682 AUD||1 AUD = 0.594 EUR|
|Euro||Canadian Dollar||1 EUR = 1.528 CAD||1 CAD = 0.655 EUR|
|Euro||Swiss Franc||1 EUR = 1.594 CHF||1 CHF = 0.627 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.432 GBP||1 GBP = 2.314 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.083 AUD||1 AUD = 0.924 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.983 CAD||1 CAD = 1.017 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.026 CHF||1 CHF = 0.975 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.504 AUD||1 AUD = 0.399 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.274 CAD||1 CAD = 0.440 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.372 CHF||1 CHF = 0.422 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.908 CAD||1 CAD = 1.102 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.947 CHF||1 CHF = 1.056 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.043 CHF||1 CHF = 0.959 CAD|