Financial news on January 17, 2007

Business and Financial news
China: Music Deal for Emi and Web Site

The EMI Group, which lost a copyright infringement lawsuit against Baidu.com, a Chinese Internet search site, will drop its appeal of the case and work with the company to win advertising by offering free online samples of its music. Baidu, based ... Read more..

By BLOOMBERG NEWS - The New York Times

Ex-Fund Trader Sentenced to Probation

A former Millennium Partners mutual fund trader who pleaded guilty to improper trading in 2003 avoided a prison term after cooperating with a New York State investigation of the mutual fund industry. Read more..

By BLOOMBERG NEWS - The New York Times

John W. Simpson, 92, Dies; Pioneer of Nuclear Power

Mr. Simpson played a major role in developing the nation’s first commercial nuclear power plant. Read more..

By DENNIS HEVESI - The New York Times

Man Convicted Under Antispam Law

A California man who defrauded users of AOL by sending e-mail messages requesting credit data became the first defendant found guilty by a jury under a 2003 federal law barring Internet ”spam.” Read more..

By BLOOMBERG NEWS - The New York Times

Oil Lease Chief Knew of Error, Report Asserts

A top Interior Department official was told nearly three years ago about a problem with oil and gas royalties. Read more..

By EDMUND L. ANDREWS - The New York Times

Record Year Followed by Record Deal

In 2006, office buildings purchased by investors in New York City reached nearly $30 billion, double the amount that investors paid just two years earlier. Read more..

By LISA CHAMBERLAIN - The New York Times

Regulators Examining Commerce Bank

Commerce Bancorp rattled investors after it disclosed that federal regulators were investigating the bank’s real estate deals with executives. Read more..

By VIKAS BAJAJ - The New York Times

Wall Street ‘Matchmakers’ Under a New York Inquiry

The New York State attorney general’s office is investigating whether employees at Best Buy, Circuit City and the credit card processor First Data improperly provided nonpublic information to hedge fund traders. Read more..

By JENNY ANDERSON - The New York Times

What $1.2 Trillion Can Buy

Medical research, tackling poverty and education, and reconstruction of New Orleans would all be ways to spend $1.2 trillion. Here is another: The war in Iraq. Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.25 21.50 20.78 21.04 192M
Cisco Systems CSCO 27.86 28.00 26.89 26.98 109M
Apple AAPL 97.56 97.60 94.82 94.95 58.8M
Microsoft MSFT 31.26 31.44 31.01 31.10 58.5M
Pfizer PFE 26.70 27.02 26.67 26.89 36.4M
Oracle Corp. ORCL 17.29 17.71 17.28 17.52 31.4M
ExxonMobil XOM 72.50 72.62 71.41 72.46 31.3M
ConocoPhillips COP 63.18 64.07 62.71 63.55 23.6M
AT&T Inc. T 34.60 34.66 34.31 34.49 17.9M
Abbott Laboratories ABT 50.64 51.60 50.55 51.55 16.8M
JPMorgan Chase JPM 48.65 48.89 48.12 48.43 16.3M
Schlumberger SLB 58.00 58.91 58.00 58.48 14.8M
Comcast CMCSA 44.26 45.06 44.26 44.76 13.7M
Alphabet GOOGL 503.40 507.77 494.38 497.28 13.4M
Home Depot HD 40.19 40.47 40.09 40.29 12.7M
HP Inc. HPQ 42.98 43.19 42.30 42.49 12.4M
Wells Fargo & Co. WFC 36.31 36.48 36.05 36.27 11.9M
Verizon Communications VZ 37.05 37.25 36.79 36.88 11.8M
General Electric GE 38.28 38.28 37.85 37.98 11.5M
Procter & Gamble PG 65.03 65.73 64.85 65.36 11.4M
Wal-Mart Stores WMT 48.32 48.41 48.09 48.20 11.3M
Chevron CVX 69.67 70.87 69.50 70.82 10.5M
Walt Disney & Co. DIS 35.00 35.30 34.90 35.25 9.95M
McDonald's MCD 44.57 45.06 44.39 44.86 9.44M
Johnson & Johnson JNJ 66.60 67.38 66.42 66.87 9.19M
Bristol-Myers Squibb BMY 26.62 26.90 26.45 26.87 8.49M
International Business Machines IBM 100.69 100.90 99.90 100.02 8.2M
Altria MO 89.25 89.59 88.34 88.57 8.15M
Merck MRK 44.95 45.23 44.70 45.01 7.68M
Coca-Cola KO 48.52 48.86 48.48 48.60 7.2M
UnitedHealth Group UNH 55.95 56.29 55.52 55.65 6.73M
Amgen AMGN 73.50 74.08 73.20 73.93 6.54M
Amazon AMZN 38.70 39.00 37.78 37.88 5.03M
Gilead Sciences GILD 66.24 66.59 65.65 66.39 4.61M
Boeing BA 87.91 89.54 87.22 88.83 4.5M
Pepsico PEP 64.67 65.00 64.56 65.00 4.49M
United Technologies UTX 64.68 65.07 64.50 64.82 4.36M
3M MMM 79.33 79.51 78.75 78.91 2.71M
Union Pacific UNP 95.07 95.20 93.80 94.04 1.66M
Berkshire Hathaway BRK.B 3619.00 3658.00 3619.00 3620.50 14.6K
Exchange Rates of January 17, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 120.660 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.173 CAD 1 CAD = 0.853 USD
US Dollar Swiss Franc 1 USD = 1.247 CHF 1 CHF = 0.802 USD
US Dollar Chinese Yuan 1 USD = 7.775 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 156.110 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.657 GBP 1 GBP = 1.523 EUR
Euro Australian Dollar 1 EUR = 1.645 AUD 1 AUD = 0.608 EUR
Euro Canadian Dollar 1 EUR = 1.517 CAD 1 CAD = 0.659 EUR
Euro Swiss Franc 1 EUR = 1.614 CHF 1 CHF = 0.620 EUR
Japanese Yen Pound Sterling 1 JPY = 0.420 GBP 1 GBP = 2.379 JPY
Japanese Yen Australian Dollar 1 JPY = 1.053 AUD 1 AUD = 0.949 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.971 CAD 1 CAD = 1.030 JPY
Japanese Yen Swiss Franc 1 JPY = 1.033 CHF 1 CHF = 0.968 JPY
Pound Sterling Australian Dollar 1 GBP = 2.505 AUD 1 AUD = 0.399 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.310 CAD 1 CAD = 0.433 GBP
Pound Sterling Swiss Franc 1 GBP = 2.457 CHF 1 CHF = 0.407 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.921 CAD 1 CAD = 1.085 AUD
Australian Dollar Swiss Franc 1 AUD = 0.980 CHF 1 CHF = 1.020 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.063 CHF 1 CHF = 0.940 CAD

See what else happened on January 17, 2007