Financial news on February 13, 2007

Business and Financial news
Bush’s Economic Advisers Call for Lower Taxes and Freer Trade

In a buoyant annual report, President Bush’s Council of Economic Advisers said the economy was poised to keep growing at a solid 3 percent a year. Read more..

By EDMUND L. ANDREWS - The New York Times

Canada: Uranium Producer Acquired

SXR Uranium One agreed to buy UrAsia Energy for $3.1 billion to form the world’s second-largest uranium producer as rising demand for nuclear fuel drives prices to records. SXR, owner of South Africa’s largest undeveloped uranium depos... Read more..

By BLOOMBERG NEWS - The New York Times

Charles Walgreen Jr., 100, Who Built the Family Drug Chain, Is Dead

Charles Walgreen Jr. helped build his father’s drugstore chain into America’s biggest. Read more..

By BLOOMBERG NEWS - The New York Times

Cupid Takes to the Road, Too

Workplace love affairs have been thoroughly studied, but romances forged on business trips remain largely unexamined. Read more..

By PERRY GARFINKEL - The New York Times

Inflation in Japan Rises at a Slower Pace

Japan’s producer prices rose at the slowest pace in more than a year in January as oil costs fell, easing pressure on companies to pass expenses on to consumers. Read more..

By BLOOMBERG NEWS - The New York Times

Luxury Hotel Chain’s Board Backs Offer to Go Private

The directors of Four Seasons Hotels endorsed a $3.37 billion cash bid to take the company private, quashing some investor hopes for a higher offer. Read more..

By IAN AUSTEN - The New York Times

Safety of Drug-Coated Stents Tough to Assess, Report Says

The New England Journal of Medicine addresses the controversy about the potential for deadly clots. Read more..

By BARNABY J. FEDER - The New York Times

This Expansion Looks Familiar

Many forecasters are worried that the latest economic expansion is running out of steam, just as workers have finally begun to reap some of the spoils. Read more..

By EDUARDO PORTER and JEREMY W. PETERS - The New York Times

Tribune Sells Hoy New York to Spanish-Language Chain

The Tribune Company sold Hoy New York, its Spanish-language newspaper, to ImpreMedia, a leading Spanish-language publisher. Read more..

By KATHARINE Q. SEELYE - The New York Times

Verizon Sells Venezuela Stake

Venezuela’s government agreed to buy the stake held by Verizon Communications in Compañía Anónima Nacional Teléfonos de Venezuela for $572 million. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.66 27.73 27.01 27.18 59.4M
Intel INTC 20.89 20.95 20.70 20.87 55.3M
Microsoft MSFT 29.04 29.20 28.96 29.01 50.3M
Oracle Corp. ORCL 16.71 16.71 16.53 16.62 28.2M
Pfizer PFE 26.22 26.41 26.21 26.39 23.9M
General Electric GE 35.70 36.59 35.64 35.77 23M
Apple AAPL 85.16 85.29 84.30 84.70 20.7M
ExxonMobil XOM 74.80 75.50 74.59 75.45 15.8M
Comcast CMCSA 40.07 41.21 39.90 41.00 14.5M
AT&T Inc. T 37.13 37.37 36.84 37.19 13.9M
Home Depot HD 41.44 41.84 41.18 41.76 13.2M
Walt Disney & Co. DIS 34.07 34.62 33.93 34.59 13M
ConocoPhillips COP 66.19 67.35 66.15 67.27 12.8M
Wells Fargo & Co. WFC 35.60 36.03 35.57 35.87 10.4M
Wal-Mart Stores WMT 47.80 48.17 47.74 47.98 10.1M
Coca-Cola KO 48.10 48.42 48.09 48.21 9.71M
Procter & Gamble PG 64.16 64.74 64.06 64.71 8.84M
Johnson & Johnson JNJ 65.41 65.52 65.28 65.38 8.58M
HP Inc. HPQ 42.55 42.77 42.06 42.59 8.37M
JPMorgan Chase JPM 50.35 51.02 50.33 50.95 8.37M
Bristol-Myers Squibb BMY 27.20 27.60 27.18 27.59 8.13M
Alphabet GOOGL 459.16 462.78 457.26 459.10 8.12M
Abbott Laboratories ABT 52.64 52.79 52.52 52.71 8.09M
Altria MO 85.71 86.17 85.53 86.05 7.98M
Chevron CVX 72.73 72.96 72.47 72.83 7.91M
Verizon Communications VZ 37.57 38.07 37.48 38.04 7.42M
3M MMM 76.00 76.90 75.75 76.43 7.19M
Merck MRK 44.10 44.15 43.69 43.95 7.14M
Schlumberger SLB 64.25 64.67 63.86 64.60 6.64M
Amgen AMGN 68.73 68.98 68.50 68.80 6.2M
UnitedHealth Group UNH 51.94 52.20 51.46 51.61 6.08M
International Business Machines IBM 98.60 98.74 97.80 98.29 5.7M
McDonald's MCD 44.85 44.97 44.71 44.90 5.11M
Pepsico PEP 63.79 64.14 63.41 63.81 4.97M
Amazon AMZN 38.85 39.61 38.85 39.31 4.51M
Gilead Sciences GILD 70.97 71.47 70.43 70.57 3.68M
United Technologies UTX 67.05 67.45 67.00 67.20 3.02M
Boeing BA 89.20 89.37 88.30 89.29 3.01M
Union Pacific UNP 100.01 103.02 99.99 102.81 1.55M
Berkshire Hathaway BRK.B 3630.00 3636.00 3600.00 3610.00 9K
Exchange Rates of February 13, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.160 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.167 CAD 1 CAD = 0.857 USD
US Dollar Swiss Franc 1 USD = 1.247 CHF 1 CHF = 0.802 USD
US Dollar Chinese Yuan 1 USD = 7.760 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 157.970 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.494 EUR
Euro Australian Dollar 1 EUR = 1.672 AUD 1 AUD = 0.598 EUR
Euro Canadian Dollar 1 EUR = 1.521 CAD 1 CAD = 0.657 EUR
Euro Swiss Franc 1 EUR = 1.626 CHF 1 CHF = 0.615 EUR
Japanese Yen Pound Sterling 1 JPY = 0.424 GBP 1 GBP = 2.361 JPY
Japanese Yen Australian Dollar 1 JPY = 1.058 AUD 1 AUD = 0.945 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.963 CAD 1 CAD = 1.039 JPY
Japanese Yen Swiss Franc 1 JPY = 1.029 CHF 1 CHF = 0.972 JPY
Pound Sterling Australian Dollar 1 GBP = 2.497 AUD 1 AUD = 0.400 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.272 CAD 1 CAD = 0.440 GBP
Pound Sterling Swiss Franc 1 GBP = 2.427 CHF 1 CHF = 0.412 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.909 CAD 1 CAD = 1.100 AUD
Australian Dollar Swiss Franc 1 AUD = 0.971 CHF 1 CHF = 1.029 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.068 CHF 1 CHF = 0.936 CAD

See what else happened on February 13, 2007