Financial news on December 13, 2006

Business and Financial news
Cost-Cutting Will Continue, H.P. Chief Says

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..

By DAMON DARLIN - The New York Times

Family With Big Stake Seeks Part of Tribune

The Chandler family has begun talks with private equity firms about a joint bid for part of the Tribune Company. Read more..

By ANDREW ROSS SORKIN and KATHARINE Q. SEELYE - The New York Times

G.E. Raises Quarterly Dividend

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..

By CLAUDIA H. DEUTSCH - The New York Times

Google to Offer Variation on Stock Options

Google said that it would grant employees transferable stock options that could be sold as well as exercised. Read more..

By MIGUEL HELFT and FLOYD NORRIS - The New York Times

J. P. Morgan Hires Ex-Official of S.E.C.

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..

By BLOOMBERG NEWS - The New York Times

Nasdaq Starts Push for Majority Control of London Market

Nasdaq started the takeover clock ticking when it officially made a $5.3 billion hostile bid for the London Stock Exchange. Read more..

By HEATHER TIMMONS - The New York Times

The Fed Leaves Short-Term Rates Alone

The Federal Reserve warned that inflation remained a concern, offering little hope that it would cut rates early next year. Read more..

By JEREMY W. PETERS - The New York Times

Trade Deficit Shows Decline for October; Exports Jump

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..

By BLOOMBERG NEWS - The New York Times

Using Redevelopment to Tell a Story

Durham, N.C., is working with private developers to use history as a teaching experience while rebuilding a commercial district. Read more..

By LISA CHAMBERLAIN - The New York Times

Visions of Bonus Heaven in Goldman Sachs Profit

Quarterly profits soared 93 percent, and the bank is paying $16.5 billion in compensation this year, roughly $623,418 per employee. Read more..

By JENNY ANDERSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20,88 20,89 20,66 20,70 48M
Microsoft MSFT 29,60 29,60 29,32 29,55 46M
General Electric GE 35,85 35,92 35,40 35,50 45.2M
Cisco Systems CSCO 27,34 27,35 26,93 27,25 43.2M
Pfizer PFE 25,22 25,45 25,19 25,39 40.5M
Oracle Corp. ORCL 18,22 18,25 17,88 18,02 34M
Apple AAPL 87,95 89,07 87,15 89,05 30.6M
ExxonMobil XOM 77,25 77,41 75,94 77,36 20.6M
AT&T Inc. T 35,80 35,89 35,35 35,55 19.5M
Home Depot HD 38,96 39,29 38,79 39,11 18.6M
Wal-Mart Stores WMT 45,90 46,03 45,80 45,90 17.4M
Altria MO 85,05 85,10 84,22 84,58 16.6M
HP Inc. HPQ 39,90 39,95 39,47 39,67 16M
ConocoPhillips COP 70,85 71,62 70,56 71,00 12.1M
JPMorgan Chase JPM 47,78 47,90 47,50 47,60 11.4M
Wells Fargo & Co. WFC 35,35 35,49 35,29 35,35 10.9M
Merck MRK 43,62 43,89 43,06 43,34 10.8M
Comcast CMCSA 43,37 43,41 42,64 42,86 9.32M
Alphabet GOOGL 484,69 485,50 477,02 478,99 9.31M
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
Schlumberger SLB 66,50 67,75 66,17 67,37 8.53M
Verizon Communications VZ 35,77 36,00 35,77 35,87 7.77M
Chevron CVX 74,53 74,72 73,87 74,40 7.64M
Bristol-Myers Squibb BMY 25,44 25,56 25,31 25,51 7.39M
Amgen AMGN 69,71 70,37 69,15 69,84 7.31M
UnitedHealth Group UNH 50,43 50,56 49,64 49,71 6.56M
Coca-Cola KO 49,14 49,14 48,66 48,84 6.48M
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
Abbott Laboratories ABT 48,00 48,22 47,87 47,96 5.46M
McDonald's MCD 43,20 43,68 43,15 43,59 5.03M
Gilead Sciences GILD 65,15 65,39 63,75 63,97 4.95M
Amazon AMZN 38,61 39,19 38,19 38,50 4.68M
United Technologies UTX 65,15 65,25 64,11 64,21 4.13M
Pepsico PEP 63,09 63,31 62,49 62,76 3.84M
Boeing BA 90,90 90,99 89,39 89,60 3.7M
3M MMM 79,50 79,68 78,97 79,25 2.56M
Union Pacific UNP 92,82 92,87 92,02 92,51 1.69M
Berkshire Hathaway BRK.B 3640,00 3670,00 3634,00 3663,00 18.5K
Exchange Rates of December 13, 2006
CurrenciesExchange Rates
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

See what else happened on December 13, 2006