Financial news on January 22, 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 22, 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 22, 2007