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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27,6627,7327,0127,1859.4M
Oracle Corp.ORCL16,7116,7116,5316,6228.2M
General ElectricGE35,7036,5935,6435,7723M
AT&T Inc.T37,1337,3736,8437,1913.9M
Home DepotHD41,4441,8441,1841,7613.2M
Walt Disney & Co.DIS34,0734,6233,9334,5913M
Wells Fargo & Co.WFC35,6036,0335,5735,8710.4M
Wal-Mart StoresWMT47,8048,1747,7447,9810.1M
Procter & GamblePG64,1664,7464,0664,718.84M
Johnson & JohnsonJNJ65,4165,5265,2865,388.58M
HP Inc.HPQ42,5542,7742,0642,598.37M
JPMorgan ChaseJPM50,3551,0250,3350,958.37M
Bristol-Myers SquibbBMY27,2027,6027,1827,598.13M
Abbott LaboratoriesABT52,6452,7952,5252,718.09M
Verizon CommunicationsVZ37,5738,0737,4838,047.42M
UnitedHealth GroupUNH51,9452,2051,4651,616.08M
International Business MachinesIBM98,6098,7497,8098,295.7M
Gilead SciencesGILD70,9771,4770,4370,573.68M
United TechnologiesUTX67,0567,4567,0067,203.02M
Union PacificUNP100,01103,0299,99102,811.55M
Berkshire HathawayBRK.B3630,003636,003600,003610,009K
Exchange Rates of February 13, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121,160 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,167 CAD1 CAD = 0,857 USD
US DollarSwiss Franc1 USD = 1,247 CHF1 CHF = 0,802 USD
US DollarChinese Yuan1 USD = 7,760 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 157,970 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,670 GBP1 GBP = 1,494 EUR
EuroAustralian Dollar1 EUR = 1,672 AUD1 AUD = 0,598 EUR
EuroCanadian Dollar1 EUR = 1,521 CAD1 CAD = 0,657 EUR
EuroSwiss Franc1 EUR = 1,626 CHF1 CHF = 0,615 EUR
Japanese YenPound Sterling1 JPY = 0,424 GBP1 GBP = 2,361 JPY
Japanese YenAustralian Dollar1 JPY = 1,058 AUD1 AUD = 0,945 JPY
Japanese YenCanadian Dollar1 JPY = 0,963 CAD1 CAD = 1,039 JPY
Japanese YenSwiss Franc1 JPY = 1,029 CHF1 CHF = 0,972 JPY
Pound SterlingAustralian Dollar1 GBP = 2,497 AUD1 AUD = 0,400 GBP
Pound SterlingCanadian Dollar1 GBP = 2,272 CAD1 CAD = 0,440 GBP
Pound SterlingSwiss Franc1 GBP = 2,427 CHF1 CHF = 0,412 GBP
Australian DollarCanadian Dollar1 AUD = 0,909 CAD1 CAD = 1,100 AUD
Australian DollarSwiss Franc1 AUD = 0,971 CHF1 CHF = 1,029 AUD
Canadian DollarSwiss Franc1 CAD = 1,068 CHF1 CHF = 0,936 CAD

See what else happened on February 13, 2007