Financial news on December 25, 2006

Business and Financial news
Ad Costs on the Web Are Rising, but Perhaps a Bit Irrationally

Retailers are wondering whether online publishers will be so emboldened by a strong advertising market that they will raise the prices of ads sharply. Read more..

By BOB TEDESCHI - The New York Times

After 15-Game Suspension, Anthony Loses a Cover

Northwest Airlines pulled its December in-flight magazine with a cover featuring Denver Nuggets’ forward Carmelo Anthony. Read more..

By MARIA ASPAN - The New York Times

Air America Wins Reprieve From a Station in Wisconsin

The station said a public outcry was responsible for the decision to continue with the progressive talk format of Air America. Read more..

By LIA MILLER - The New York Times

Contract Vote Is Set for Alcoa Strikers

Alcoa said it reached a tentative agreement with its biggest union to end a seven-week strike at the company’s works plant in Cleveland. Read more..

By BLOOMBERG NEWS - The New York Times

DVD Player Tops VCR as Household Item

For the first time, more U.S. households have a DVD player than have a VCR, according to a survey by Nielsen Media Research. Read more..

By ALEX MINDLIN - The New York Times

Flash! President Bush Says He Reads Papers

In a stunning turnaround, President Bush admitted to reading newspapers at his final news conference of the year last week. Read more..

By KATHARINE Q. SEELYE - The New York Times

Flaws Are Detected in Microsoft’s Vista

Researchers and hackers have found potentially serious flaws in Microsoft’s new Windows Vista operating system. Read more..

By JOHN MARKOFF - The New York Times

Lots of Cheer From R.I.M., but No News on Options

Research In Motion has offered investors few details about the review of its stock options grants, making it difficult to assess its potential impact. Read more..

By IAN AUSTEN - The New York Times

The Lads Are Getting Picky

Could it be that the lad magazine genre, which includes publications like Maxim, is keeling over on its way to middle age? Read more..

By DAVID CARR - The New York Times

Wall St. Bonuses: So Much Money, Too Few Ferraris

After a year of record profits at investment houses, a bonus gold rush has re-energized some luxury markets. Read more..

By JENNY ANDERSON - The New York Times

Exchange Rates of December 25, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.730 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.157 CAD1 CAD = 0.864 USD
US DollarSwiss Franc1 USD = 1.219 CHF1 CHF = 0.820 USD
US DollarChinese Yuan1 USD = 7.821 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.780 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.664 GBP1 GBP = 1.506 EUR
EuroAustralian Dollar1 EUR = 1.629 AUD1 AUD = 0.614 EUR
EuroCanadian Dollar1 EUR = 1.518 CAD1 CAD = 0.659 EUR
EuroSwiss Franc1 EUR = 1.600 CHF1 CHF = 0.625 EUR
Japanese YenPound Sterling1 JPY = 0.426 GBP1 GBP = 2.347 JPY
Japanese YenAustralian Dollar1 JPY = 1.045 AUD1 AUD = 0.957 JPY
Japanese YenCanadian Dollar1 JPY = 0.974 CAD1 CAD = 1.026 JPY
Japanese YenSwiss Franc1 JPY = 1.027 CHF1 CHF = 0.974 JPY
Pound SterlingAustralian Dollar1 GBP = 2.521 AUD1 AUD = 0.397 GBP
Pound SterlingCanadian Dollar1 GBP = 2.286 CAD1 CAD = 0.437 GBP
Pound SterlingSwiss Franc1 GBP = 2.408 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.932 CAD1 CAD = 1.073 AUD
Australian DollarSwiss Franc1 AUD = 0.981 CHF1 CHF = 1.019 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.950 CAD

See what else happened on December 25, 2006