Financial news on January 23, 2007
Business and Financial news
The Career Education Corporation said that the Education Department lifted a ban imposed in June 2005 that limited acquisitions and expansion. Read more..
Greenlight Capital, the hedge fund, asked the Allied Capital Corporation in a letter yesterday to replace senior managers after the indictment of an executive at an affiliated company. Read more..
Sure, Americans traveling abroad expect to be treated like pariahs these days. But I get more than my fair share because I’m the ultimate outsider: a Yankee who prepares Mexican food. Read more..
A commitment by European governments to help out “clean energy” entrepreneurs is creating a more welcoming environment than America. Read more..
Crédit Agricole, the French bank, sold a 3.6 percent stake in Intesa Sanpaolo for 2.51 billion euros ($3.23 billion), complying with a requirement by Italy’s antitrust authority. After the sale, Crédit Agricole, which is based in Paris, still has ... Read more..
Small publishers left reeling by the major book wholesaler Advanced Marketing Services’ bankruptcy filing last month received a rare bit of good news yesterday. Read more..
Take-Two Interactive Software, maker of the Grand Theft Auto video games, said yesterday that it let its former chief executive, Ryan A. Brant, “control and dominate” improper options backdating that began when the company went public ... Read more..
Pfizer is phasing out its manufacturing plant in Brooklyn, on the same Flushing Avenue site where the company was founded in 1849. Read more..
The Credit Suisse Group, the Swiss bank, will use proceeds from the sale of its Winterthur insurance unit to buy back a record amount of stock and make money-management acquisitions. The bank plans to repurchase as much as 8 billion francs ($6.4 b... Read more..
The Academy of Motion Picture Arts and Sciences and its TV partner, ABC, are scheduled to start their annual campaigns to encourage viewers to watch the Oscars. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Cisco Systems | CSCO | 26,37 | 26,72 | 26,03 | 26,04 | 67.7M |
| Intel | INTC | 20,85 | 20,88 | 20,46 | 20,55 | 66.8M |
| Pfizer | PFE | 26,62 | 26,67 | 26,02 | 26,37 | 51.4M |
| Microsoft | MSFT | 30,63 | 30,96 | 30,52 | 30,74 | 49.2M |
| Apple | AAPL | 85,73 | 87,51 | 85,51 | 85,70 | 43.1M |
| General Electric | GE | 36,70 | 36,74 | 36,38 | 36,55 | 35.1M |
| Oracle Corp. | ORCL | 17,01 | 17,31 | 17,01 | 17,12 | 33.1M |
| ExxonMobil | XOM | 73,49 | 74,91 | 73,47 | 74,49 | 29M |
| ConocoPhillips | COP | 63,86 | 65,31 | 63,67 | 64,97 | 20.8M |
| AT&T Inc. | T | 35,14 | 35,74 | 34,99 | 35,36 | 17.8M |
| Abbott Laboratories | ABT | 53,10 | 53,55 | 53,00 | 53,38 | 16.2M |
| Verizon Communications | VZ | 37,36 | 37,95 | 37,31 | 37,49 | 14.3M |
| Schlumberger | SLB | 62,55 | 63,92 | 62,46 | 63,62 | 13.6M |
| JPMorgan Chase | JPM | 49,60 | 49,86 | 49,28 | 49,83 | 12.8M |
| Home Depot | HD | 40,03 | 40,61 | 40,00 | 40,43 | 11.4M |
| Walt Disney & Co. | DIS | 35,02 | 35,64 | 35,00 | 35,58 | 11.3M |
| Wal-Mart Stores | WMT | 47,78 | 48,15 | 47,46 | 47,81 | 11.3M |
| Amgen | AMGN | 75,24 | 75,85 | 74,35 | 74,60 | 11.2M |
| HP Inc. | HPQ | 41,99 | 42,63 | 41,80 | 42,31 | 10.9M |
| International Business Machines | IBM | 96,91 | 97,38 | 96,20 | 97,08 | 10.3M |
| Johnson & Johnson | JNJ | 66,99 | 67,24 | 66,13 | 66,50 | 9.7M |
| Alphabet | GOOGL | 480,79 | 484,75 | 477,29 | 479,05 | 9.32M |
| Chevron | CVX | 71,61 | 73,25 | 71,60 | 72,56 | 9.27M |
| Wells Fargo & Co. | WFC | 35,80 | 36,05 | 35,56 | 36,01 | 8.46M |
| Merck | MRK | 45,53 | 45,97 | 45,31 | 45,73 | 8.34M |
| United Technologies | UTX | 65,20 | 66,73 | 65,00 | 66,14 | 8.12M |
| UnitedHealth Group | UNH | 52,20 | 52,45 | 51,40 | 51,47 | 7.64M |
| Comcast | CMCSA | 44,65 | 44,93 | 44,29 | 44,53 | 7.17M |
| Altria | MO | 87,07 | 87,99 | 87,00 | 87,76 | 6.67M |
| Boeing | BA | 85,01 | 88,18 | 85,00 | 87,36 | 6.56M |
| McDonald's | MCD | 44,55 | 45,00 | 44,40 | 44,85 | 6.14M |
| Coca-Cola | KO | 48,15 | 48,23 | 47,94 | 48,12 | 6.07M |
| Procter & Gamble | PG | 66,00 | 66,00 | 65,29 | 65,64 | 5.76M |
| Bristol-Myers Squibb | BMY | 26,54 | 26,85 | 26,41 | 26,67 | 5.43M |
| Amazon | AMZN | 36,90 | 37,07 | 36,30 | 36,43 | 5.31M |
| Union Pacific | UNP | 94,10 | 99,09 | 93,92 | 98,22 | 4.72M |
| Pepsico | PEP | 64,71 | 65,11 | 64,65 | 64,84 | 3.86M |
| Gilead Sciences | GILD | 64,26 | 64,64 | 63,45 | 63,84 | 3.4M |
| 3M | MMM | 78,71 | 79,15 | 78,33 | 78,85 | 1.95M |
| Berkshire Hathaway | BRK.B | 3640,00 | 3640,00 | 3615,50 | 3624,00 | 14.4K |
Exchange Rates of January 23, 2007
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 121,650 JPY | 1 JPY = 0,008 USD |
| US Dollar | Canadian Dollar | 1 USD = 1,180 CAD | 1 CAD = 0,847 USD |
| US Dollar | Swiss Franc | 1 USD = 1,242 CHF | 1 CHF = 0,805 USD |
| US Dollar | Chinese Yuan | 1 USD = 7,777 CNY | 1 CNY = 0,129 USD |
| Euro | Japanese Yen | 1 EUR = 158,460 JPY | 1 JPY = 0,006 EUR |
| Euro | Pound Sterling | 1 EUR = 0,657 GBP | 1 GBP = 1,521 EUR |
| Euro | Australian Dollar | 1 EUR = 1,643 AUD | 1 AUD = 0,609 EUR |
| Euro | Canadian Dollar | 1 EUR = 1,538 CAD | 1 CAD = 0,650 EUR |
| Euro | Swiss Franc | 1 EUR = 1,618 CHF | 1 CHF = 0,618 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0,415 GBP | 1 GBP = 2,413 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1,036 AUD | 1 AUD = 0,965 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0,970 CAD | 1 CAD = 1,031 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1,021 CHF | 1 CHF = 0,979 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2,499 AUD | 1 AUD = 0,400 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2,339 CAD | 1 CAD = 0,428 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2,461 CHF | 1 CHF = 0,406 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0,935 CAD | 1 CAD = 1,069 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0,984 CHF | 1 CHF = 1,016 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1,052 CHF | 1 CHF = 0,950 CAD |
See what else happened on January 23, 2007