Financial news on January 23, 2007

Business and Financial news
Acquisition Ban Lifted at Career Education

The Career Education Corporation said that the Education Department lifted a ban imposed in June 2005 that limited acquisitions and expansion. Read more..

By BLOOMBERG NEWS - The New York Times

Allied Is Asked to Remove Management

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..

By BLOOMBERG NEWS - The New York Times

A Yankee Chef With a Mexican Flavor

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..

By SCOTT LINDQUIST, as told to Christopher Elliott - The New York Times

Europe Encouraging Clean Energy Industry

A commitment by European governments to help out “clean energy” entrepreneurs is creating a more welcoming environment than America. Read more..

By JAMES KANTER - The New York Times

Italy: French Bank Reduces a Stake

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..

By BLOOMBERG NEWS - The New York Times

Partial Bailout Offered in Book Bankruptcy

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..

By JULIE BOSMAN - The New York Times

Restatement by Take-Two Over Problems With Options

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..

By BLOOMBERG NEWS - The New York Times

Shutting Doors Where a Drug-Making Giant Began

Pfizer is phasing out its manufacturing plant in Brooklyn, on the same Flushing Avenue site where the company was founded in 1849. Read more..

By ANN FARMER and NICK BUNKLEY - The New York Times

Switzerland: Bank Plans a Share Buyback

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..

By BLOOMBERG NEWS - The New York Times

Tapping the Stuff Dreams Are Made Of

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..

By STUART ELLIOTT - The New York Times

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
CurrenciesExchange 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