Financial news on January 22nd, 2007

Business and Financial news
An Insurance Policy for Low Airfares

Farecast, which predicts airline ticket prices, will now guarantee its forecasts for a fee. Read more..

By BOB TEDESCHI - The New York Times

An Internet Video Partnership From 2 Lions of Old Media (Eisner and Jann Wenner)

A partnership between and will create a celebrity entertainment channel on Veoh. Read more..

By MARIA ASPAN - The New York Times

Industrial Bank of China Plans Sizable Share Sale in Shanghai

The sale would be the second-largest domestic initial public offering by a mainland Chinese bank. Read more..

By BLOOMBERG NEWS - The New York Times

In Raw World of Sex Movies, High Definition Could Be a View Too Real

Pornographic movie studios have found that the high-definition format is accentuating physical imperfections in actors. Read more..

By MATT RICHTEL - The New York Times

Looking Ahead

DAVOS, ANYONE? The annual World Economic Forum will take place Wednesday through Sunday in Davos, Switzerland, drawing political and business leaders — plus a celebrity or two — to brainstorm solutions to world problems. Among the top issues on th... Read more..

By THE NEW YORK TIMES - The New York Times

U.S. Financial Sector Is Losing Its Edge, Report Says

A report warns that the U.S. could lose 4 to 7 percent of the global financial services market over the next five years. Read more..

By JENNY ANDERSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,7526,8026,1526,5369.4M
Oracle Corp.ORCL17,2517,8116,7717,0052.8M
General ElectricGE37,1337,3336,5936,7541.4M
AT&T Inc.T35,2435,5335,0035,2721.4M
JPMorgan ChaseJPM48,8749,8648,7049,6618.3M
Abbott LaboratoriesABT53,2053,4652,9853,3214.9M
Home DepotHD40,4140,6639,9840,0514.2M
Wells Fargo & Co.WFC35,9636,0635,5835,7513.7M
International Business MachinesIBM96,4297,2396,1297,1113.5M
Wal-Mart StoresWMT48,1648,2747,6047,9612.7M
HP Inc.HPQ42,0542,1841,4242,0211.4M
Johnson & JohnsonJNJ68,0168,1167,1767,1810.2M
Verizon CommunicationsVZ37,1137,4037,0037,259.99M
Procter & GamblePG66,0066,0365,1665,729.32M
Walt Disney & Co.DIS35,4535,4835,0535,158.84M
UnitedHealth GroupUNH53,2053,2552,0552,198.8M
Bristol-Myers SquibbBMY26,7826,8226,3026,486.43M
United TechnologiesUTX64,9564,9563,6964,094.92M
Gilead SciencesGILD65,5065,6864,1264,253.8M
Union PacificUNP96,5796,6394,7895,311.63M
Berkshire HathawayBRK.B3665,003667,003620,003640,0013.5K
Exchange Rates of January 22nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121,670 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,182 CAD1 CAD = 0,846 USD
US DollarSwiss Franc1 USD = 1,249 CHF1 CHF = 0,801 USD
US DollarChinese Yuan1 USD = 7,774 CNY1 CNY = 0,129 USD
EuroJapanese Yen1 EUR = 157,550 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,655 GBP1 GBP = 1,526 EUR
EuroAustralian Dollar1 EUR = 1,643 AUD1 AUD = 0,609 EUR
EuroCanadian Dollar1 EUR = 1,531 CAD1 CAD = 0,653 EUR
EuroSwiss Franc1 EUR = 1,617 CHF1 CHF = 0,618 EUR
Japanese YenPound Sterling1 JPY = 0,416 GBP1 GBP = 2,406 JPY
Japanese YenAustralian Dollar1 JPY = 1,043 AUD1 AUD = 0,959 JPY
Japanese YenCanadian Dollar1 JPY = 0,971 CAD1 CAD = 1,030 JPY
Japanese YenSwiss Franc1 JPY = 1,026 CHF1 CHF = 0,974 JPY
Pound SterlingAustralian Dollar1 GBP = 2,508 AUD1 AUD = 0,399 GBP
Pound SterlingCanadian Dollar1 GBP = 2,336 CAD1 CAD = 0,428 GBP
Pound SterlingSwiss Franc1 GBP = 2,468 CHF1 CHF = 0,405 GBP
Australian DollarCanadian Dollar1 AUD = 0,931 CAD1 CAD = 1,074 AUD
Australian DollarSwiss Franc1 AUD = 0,983 CHF1 CHF = 1,017 AUD
Canadian DollarSwiss Franc1 CAD = 1,056 CHF1 CHF = 0,947 CAD

See what else happened on January 22nd, 2007