Financial news on December 13th, 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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC20.8820.8920.6620.7048M
MicrosoftMSFT29.6029.6029.3229.5546M
General ElectricGE35.8535.9235.4035.5045.2M
Cisco SystemsCSCO27.3427.3526.9327.2543.2M
PfizerPFE25.2225.4525.1925.3940.5M
Oracle Corp.ORCL18.2218.2517.8818.0234M
AppleAAPL87.9589.0787.1589.0530.6M
ExxonMobilXOM77.2577.4175.9477.3620.6M
AT&T Inc.T35.8035.8935.3535.5519.5M
Home DepotHD38.9639.2938.7939.1118.6M
Wal-Mart StoresWMT45.9046.0345.8045.9017.4M
AltriaMO85.0585.1084.2284.5816.6M
HP Inc.HPQ39.9039.9539.4739.6716M
ConocoPhillipsCOP70.8571.6270.5671.0012.1M
JPMorgan ChaseJPM47.7847.9047.5047.6011.4M
Wells Fargo & Co.WFC35.3535.4935.2935.3510.9M
MerckMRK43.6243.8943.0643.3410.8M
ComcastCMCSA43.3743.4142.6442.869.32M
AlphabetGOOGL484.69485.50477.02478.999.31M
Johnson & JohnsonJNJ65.8066.0065.4265.478.86M
Walt Disney & Co.DIS34.4434.5634.3634.458.58M
SchlumbergerSLB66.5067.7566.1767.378.53M
Verizon CommunicationsVZ35.7736.0035.7735.877.77M
ChevronCVX74.5374.7273.8774.407.64M
Bristol-Myers SquibbBMY25.4425.5625.3125.517.39M
AmgenAMGN69.7170.3769.1569.847.31M
UnitedHealth GroupUNH50.4350.5649.6449.716.56M
Coca-ColaKO49.1449.1448.6648.846.48M
International Business MachinesIBM94.7895.3394.5094.776.44M
Procter & GamblePG63.7363.9563.2563.406.1M
Abbott LaboratoriesABT48.0048.2247.8747.965.46M
McDonald'sMCD43.2043.6843.1543.595.03M
Gilead SciencesGILD65.1565.3963.7563.974.95M
AmazonAMZN38.6139.1938.1938.504.68M
United TechnologiesUTX65.1565.2564.1164.214.13M
PepsicoPEP63.0963.3162.4962.763.84M
BoeingBA90.9090.9989.3989.603.7M
3MMMM79.5079.6878.9779.252.56M
Union PacificUNP92.8292.8792.0292.511.69M
Berkshire HathawayBRK.B3640.003670.003634.003663.0018.5K
Exchange Rates of December 13th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.560 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.157 CAD1 CAD = 0.865 USD
US DollarSwiss Franc1 USD = 1.206 CHF1 CHF = 0.829 USD
US DollarChinese Yuan1 USD = 7.825 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.330 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.489 EUR
EuroAustralian Dollar1 EUR = 1.682 AUD1 AUD = 0.594 EUR
EuroCanadian Dollar1 EUR = 1.528 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.594 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.432 GBP1 GBP = 2.314 JPY
Japanese YenAustralian Dollar1 JPY = 1.083 AUD1 AUD = 0.924 JPY
Japanese YenCanadian Dollar1 JPY = 0.983 CAD1 CAD = 1.017 JPY
Japanese YenSwiss Franc1 JPY = 1.026 CHF1 CHF = 0.975 JPY
Pound SterlingAustralian Dollar1 GBP = 2.504 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.274 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.372 CHF1 CHF = 0.422 GBP
Australian DollarCanadian Dollar1 AUD = 0.908 CAD1 CAD = 1.102 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Canadian DollarSwiss Franc1 CAD = 1.043 CHF1 CHF = 0.959 CAD

See what else happened on December 13th, 2006