Financial news on January 24th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.2326.9526.1926.8963.8M
AT&T Inc.T36.0636.9535.8536.6334M
Oracle Corp.ORCL17.1117.2917.0917.1431.3M
General ElectricGE36.7036.7536.5236.6421.5M
Abbott LaboratoriesABT53.3853.8552.8853.5516M
JPMorgan ChaseJPM49.6850.4049.5150.3613.9M
Wal-Mart StoresWMT48.0748.7047.9948.6113.5M
Verizon CommunicationsVZ37.6338.2337.5838.0711.6M
Wells Fargo & Co.WFC35.9736.6335.9536.5610.9M
Walt Disney & Co.DIS35.5835.7535.2735.3510.8M
Home DepotHD40.5240.7940.4240.699.84M
HP Inc.HPQ42.6342.7842.2542.399.51M
UnitedHealth GroupUNH51.3152.3150.7651.808.16M
Johnson & JohnsonJNJ66.5067.0966.3067.017.67M
Procter & GamblePG65.5565.7465.1065.516.37M
Bristol-Myers SquibbBMY26.6226.9926.4926.996.13M
International Business MachinesIBM97.1497.5896.5897.405.7M
United TechnologiesUTX65.9866.9665.8066.835.24M
Gilead SciencesGILD63.6364.5163.6364.253.12M
Union PacificUNP97.9098.8096.2196.962.64M
Berkshire HathawayBRK.B3633.003634.503566.003581.0025.7K
Exchange Rates of January 24th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.190 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.179 CAD1 CAD = 0.848 USD
US DollarSwiss Franc1 USD = 1.248 CHF1 CHF = 0.802 USD
US DollarChinese Yuan1 USD = 7.772 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.190 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.658 GBP1 GBP = 1.519 EUR
EuroAustralian Dollar1 EUR = 1.660 AUD1 AUD = 0.603 EUR
EuroCanadian Dollar1 EUR = 1.529 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.618 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.419 GBP1 GBP = 2.389 JPY
Japanese YenAustralian Dollar1 JPY = 1.055 AUD1 AUD = 0.948 JPY
Japanese YenCanadian Dollar1 JPY = 0.972 CAD1 CAD = 1.029 JPY
Japanese YenSwiss Franc1 JPY = 1.029 CHF1 CHF = 0.972 JPY
Pound SterlingAustralian Dollar1 GBP = 2.521 AUD1 AUD = 0.397 GBP
Pound SterlingCanadian Dollar1 GBP = 2.322 CAD1 CAD = 0.431 GBP
Pound SterlingSwiss Franc1 GBP = 2.457 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.920 CAD1 CAD = 1.086 AUD
Australian DollarSwiss Franc1 AUD = 0.974 CHF1 CHF = 1.026 AUD
Canadian DollarSwiss Franc1 CAD = 1.058 CHF1 CHF = 0.945 CAD

See what else happened on January 24th, 2007