Financial news on January 24, 2007

Business and Financial news
A Commercial Landlord’s Biggest Sale May Be Itself

Equity Office Properties is the object of a fierce bidding war involving some of the industry’s most prominent figures and biggest risk takers. Read more..

By TERRY PRISTIN - The New York Times

A Relative Bargain in a Corner of the Village

The “creative class” is finding a home in the sturdy industrial buildings of Hudson Square, part of the West Village. Read more..

By STACEY STOWE - The New York Times

Asian Rival Moves Past Las Vegas

Fueled by a casino investment boom and millions of Chinese visitors, Macao became the world’s biggest gambling center in 2006. Read more..

By DAVID BARBOZA - The New York Times

Germany: Suitor Abandons Bid for Scania

Man dropped its 10.3 billion euro ($13.4 billion) hostile bid for the Swedish truck maker Scania after opposition emerged from Volkswagen, Scania’s largest shareholder, and will seek a friendly merger instead. Man, Volkswagen and Scania “see the i... Read more..

By BLOOMBERG NEWS - The New York Times

Mexico: Cemex Extends Bid for Australian Company

Cemex, the concrete maker, extended its $11.7 billion hostile takeover bid for the Rinker Group of Australia by two months while it waits for regulatory approval in the United States. Cemex’s $13-a-share offer for Rinker will end March 30, Cemex s... Read more..

By BLOOMBERG NEWS - The New York Times

More Marketers Are Grabbing the Attention of Players During Online Games

Advertisers are increasingly interested in reaching the diverse group of Web users who solve puzzles, play word games and decipher mind benders online. Read more..

By LOUISE STORY - The New York Times

Move Over Silicon Valley, Here Come European Start-Ups

European entrepreneurs have taken the start-up culture pioneered in Silicon Valley as a template and are successfully transplanting it. Read more..

By JOHN MARKOFF - The New York Times

Profit at Sun Microsystems Stirs Hope of Turnaround

Sun Microsystems returned to profitability, while Advanced Micro Devices swung to a loss, providing evidence that the road to recovery in the technology industry is a bumpy one. Read more..

By LAURIE J. FLYNN - The New York Times

Reworking the A-List

Those invited to the World Economic Forum in Davos, Switzerland, reflect this year’s theme of a shift in power. Read more..

By MARK LANDLER - The New York Times

What’s a Pound of Prevention Really Worth?

Preventive medicine just doesn’t pay in the current American medical system. Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 26.23 26.95 26.19 26.89 63.8M
Microsoft MSFT 30.78 31.30 30.65 31.09 58.5M
Intel INTC 20.60 20.88 20.57 20.84 56M
Pfizer PFE 26.34 26.84 26.27 26.82 37.9M
AT&T Inc. T 36.06 36.95 35.85 36.63 34M
Apple AAPL 86.68 87.15 86.08 86.70 33.1M
Oracle Corp. ORCL 17.11 17.29 17.09 17.14 31.3M
General Electric GE 36.70 36.75 36.52 36.64 21.5M
ExxonMobil XOM 74.50 74.99 73.75 74.90 19.8M
ConocoPhillips COP 65.20 65.82 64.45 65.62 16.6M
Abbott Laboratories ABT 53.38 53.85 52.88 53.55 16M
JPMorgan Chase JPM 49.68 50.40 49.51 50.36 13.9M
Wal-Mart Stores WMT 48.07 48.70 47.99 48.61 13.5M
Comcast CMCSA 44.67 45.08 44.56 45.00 12.3M
Alphabet GOOGL 484.45 499.54 483.29 499.07 12.1M
Verizon Communications VZ 37.63 38.23 37.58 38.07 11.6M
McDonald's MCD 44.45 44.48 44.04 44.16 11M
Schlumberger SLB 63.50 64.37 62.28 64.01 10.9M
Wells Fargo & Co. WFC 35.97 36.63 35.95 36.56 10.9M
Walt Disney & Co. DIS 35.58 35.75 35.27 35.35 10.8M
Home Depot HD 40.52 40.79 40.42 40.69 9.84M
HP Inc. HPQ 42.63 42.78 42.25 42.39 9.51M
UnitedHealth Group UNH 51.31 52.31 50.76 51.80 8.16M
Johnson & Johnson JNJ 66.50 67.09 66.30 67.01 7.67M
Amgen AMGN 74.45 75.14 74.00 75.14 7.2M
Chevron CVX 72.49 73.25 71.70 72.84 7.06M
Altria MO 87.95 88.26 87.57 87.92 6.37M
Procter & Gamble PG 65.55 65.74 65.10 65.51 6.37M
Merck MRK 45.78 46.33 45.68 46.22 6.18M
Bristol-Myers Squibb BMY 26.62 26.99 26.49 26.99 6.13M
International Business Machines IBM 97.14 97.58 96.58 97.40 5.7M
Amazon AMZN 36.51 37.36 36.50 37.26 5.27M
United Technologies UTX 65.98 66.96 65.80 66.83 5.24M
Coca-Cola KO 48.19 48.20 47.94 48.13 4.32M
Pepsico PEP 64.74 65.20 64.50 65.20 3.59M
Boeing BA 87.35 87.76 86.52 87.60 3.37M
Gilead Sciences GILD 63.63 64.51 63.63 64.25 3.12M
Union Pacific UNP 97.90 98.80 96.21 96.96 2.64M
3M MMM 78.85 79.66 78.85 79.49 1.77M
Berkshire Hathaway BRK.B 3633.00 3634.50 3566.00 3581.00 25.7K
Exchange Rates of January 24, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.190 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.179 CAD 1 CAD = 0.848 USD
US Dollar Swiss Franc 1 USD = 1.248 CHF 1 CHF = 0.802 USD
US Dollar Chinese Yuan 1 USD = 7.772 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 157.190 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.658 GBP 1 GBP = 1.519 EUR
Euro Australian Dollar 1 EUR = 1.660 AUD 1 AUD = 0.603 EUR
Euro Canadian Dollar 1 EUR = 1.529 CAD 1 CAD = 0.654 EUR
Euro Swiss Franc 1 EUR = 1.618 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.419 GBP 1 GBP = 2.389 JPY
Japanese Yen Australian Dollar 1 JPY = 1.055 AUD 1 AUD = 0.948 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.972 CAD 1 CAD = 1.029 JPY
Japanese Yen Swiss Franc 1 JPY = 1.029 CHF 1 CHF = 0.972 JPY
Pound Sterling Australian Dollar 1 GBP = 2.521 AUD 1 AUD = 0.397 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.322 CAD 1 CAD = 0.431 GBP
Pound Sterling Swiss Franc 1 GBP = 2.457 CHF 1 CHF = 0.407 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.920 CAD 1 CAD = 1.086 AUD
Australian Dollar Swiss Franc 1 AUD = 0.974 CHF 1 CHF = 1.026 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.058 CHF 1 CHF = 0.945 CAD

See what else happened on January 24, 2007