Financial news on January 19, 2007

Business and Financial news
A Chance to Save Their Skin

Cosmetics companies are increasingly running parallel campaigns aimed at younger customers. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

After Inquiries, Ford Official Decides to Skip Company Jet

The move comes amid media scrutiny over his flights, an expense that raised eyebrows because of billions in losses last year at Ford. Read more..

By MICHELINE MAYNARD - The New York Times

Approach Boss With Caution

If the personality of Jonathan G. Ornstein, head of the Mesa Air Group, is outsize, so are his ambitions. He wants to make the regional airline global. Read more..

By JEFF BAILEY - The New York Times

China: Intel Considers Building Chip Plant

Intel is considering building its first semiconductor factory in Asia in the northeastern Chinese city of Dalian. China’s central government has approved the project, said Gao Fujun, assistant counsel at the Dalian Foreign Trade and Economic Coope... Read more..

By BLOOMBERG NEWS - The New York Times

Coke Executive to Resign Post

Mary E. Minnick, will leave the company, a month after the company promoted its international chief, Muhtar Kent, to chief operating officer. Read more..

By BLOOMBERG NEWS - The New York Times

Germany: Media Mogul Demands Redress

Deutsche Bank and its former chief executive, Rolf E. Breuer, are facing damage claims of 1.4 billion euros ($1.8 billion) from the media mogul Leo Kirch for comments made in 2002 about the creditworthiness of Mr. Kirch’s media group. “The claims ... Read more..

By BLOOMBERG NEWS - The New York Times

Italy: Hungarian Move by Bank

Intesa Sanpaolo, the Italian bank, offered to buy shares in its Hungarian unit, Inter-Europa Bank Nyrt, also known as IEB. Intesa Sanpaolo, which owns 84.7 percent of IEB, which is based in Budapest, offered 4,074 forint ($21) a share, it said. Read more..

By BLOOMBERG NEWS - The New York Times

No Clear-Cut Path for Tribune’s Board

None of the recent bids for the company had enough clout or sizzle to generate much investor interest. Read more..

By GERALDINE FABRIKANT and KATHARINE Q. SEELYE - The New York Times

Stock Market in London Fights Nasdaq With Buyback

The London exchange pledged to buy back as much as £250 million ($493 million) in shares this year. Read more..

By HEATHER TIMMONS - The New York Times

Time Inc. Cutting Almost 300 Magazine Jobs to Focus More on Web Sites

The company is streamlining its publications to bolster its presence online, especially sites associated with its marquee magazines. Read more..

By KATHARINE Q. SEELYE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT30,7331,1130,6931,1175.8M
IntelINTC20,6220,8720,6020,8264.5M
General ElectricGE37,1637,5036,8536,9562.9M
Cisco SystemsCSCO26,4526,8526,4226,7062.3M
AppleAAPL88,6389,6588,1288,5048.7M
PfizerPFE27,2427,4127,1227,2233.8M
Oracle Corp.ORCL17,0617,4517,0117,2728.9M
International Business MachinesIBM95,0096,8594,5596,1726M
Abbott LaboratoriesABT53,3453,7553,1553,5225.3M
ExxonMobilXOM72,5273,6372,2073,5323.9M
AT&T Inc.T35,3035,3534,8735,0721.7M
SchlumbergerSLB59,4561,1158,8461,0018.7M
ConocoPhillipsCOP63,3564,2362,9663,9518.4M
JPMorgan ChaseJPM48,1448,8348,1448,7614.6M
HP Inc.HPQ42,3442,4641,4842,0014.4M
Johnson & JohnsonJNJ68,0068,2267,5367,7613.5M
Verizon CommunicationsVZ37,5737,6337,0237,2513.5M
Walt Disney & Co.DIS35,9335,9735,4835,5012.6M
Home DepotHD40,9740,9840,4540,5512.1M
Wal-Mart StoresWMT48,4948,7448,1948,3112M
Wells Fargo & Co.WFC36,2936,3335,8736,0410.6M
ComcastCMCSA44,9145,1044,4444,6110.1M
ChevronCVX71,3372,3970,8072,329.98M
AltriaMO87,9588,0786,9987,269.97M
AlphabetGOOGL487,98490,76486,74489,759.95M
MerckMRK45,8646,1645,4345,609.46M
Procter & GamblePG65,6966,3065,5466,099.24M
UnitedHealth GroupUNH53,8053,8053,0853,208.13M
Bristol-Myers SquibbBMY26,7927,0026,6126,636.87M
AmgenAMGN73,9474,5673,7574,256.79M
Coca-ColaKO48,4148,4348,0748,266.5M
AmazonAMZN36,6937,4836,6037,026.1M
PepsicoPEP65,0165,0164,6764,825.33M
McDonald'sMCD44,6744,9044,3044,815.12M
BoeingBA88,3489,1087,8088,634.37M
United TechnologiesUTX65,4065,4464,8565,184.19M
Gilead SciencesGILD65,8766,7165,3865,583.19M
3MMMM79,0979,8878,8279,252.91M
Union PacificUNP96,7097,4595,8296,332.54M
Berkshire HathawayBRK.B3640,003658,003631,003656,008.4K
Exchange Rates of January 19, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121,220 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,172 CAD1 CAD = 0,853 USD
US DollarSwiss Franc1 USD = 1,248 CHF1 CHF = 0,801 USD
US DollarChinese Yuan1 USD = 7,777 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 157,120 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,657 GBP1 GBP = 1,523 EUR
EuroAustralian Dollar1 EUR = 1,641 AUD1 AUD = 0,610 EUR
EuroCanadian Dollar1 EUR = 1,519 CAD1 CAD = 0,658 EUR
EuroSwiss Franc1 EUR = 1,618 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,418 GBP1 GBP = 2,394 JPY
Japanese YenAustralian Dollar1 JPY = 1,044 AUD1 AUD = 0,958 JPY
Japanese YenCanadian Dollar1 JPY = 0,967 CAD1 CAD = 1,035 JPY
Japanese YenSwiss Franc1 JPY = 1,029 CHF1 CHF = 0,972 JPY
Pound SterlingAustralian Dollar1 GBP = 2,499 AUD1 AUD = 0,400 GBP
Pound SterlingCanadian Dollar1 GBP = 2,314 CAD1 CAD = 0,432 GBP
Pound SterlingSwiss Franc1 GBP = 2,463 CHF1 CHF = 0,406 GBP
Australian DollarCanadian Dollar1 AUD = 0,925 CAD1 CAD = 1,081 AUD
Australian DollarSwiss Franc1 AUD = 0,985 CHF1 CHF = 1,015 AUD
Canadian DollarSwiss Franc1 CAD = 1,064 CHF1 CHF = 0,940 CAD

See what else happened on January 19, 2007