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 Dollar Japanese Yen 1 USD = 118.730 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.157 CAD 1 CAD = 0.864 USD
US Dollar Swiss Franc 1 USD = 1.219 CHF 1 CHF = 0.820 USD
US Dollar Chinese Yuan 1 USD = 7.821 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 155.780 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.664 GBP 1 GBP = 1.506 EUR
Euro Australian Dollar 1 EUR = 1.629 AUD 1 AUD = 0.614 EUR
Euro Canadian Dollar 1 EUR = 1.518 CAD 1 CAD = 0.659 EUR
Euro Swiss Franc 1 EUR = 1.600 CHF 1 CHF = 0.625 EUR
Japanese Yen Pound Sterling 1 JPY = 0.426 GBP 1 GBP = 2.347 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.974 CAD 1 CAD = 1.026 JPY
Japanese Yen Swiss Franc 1 JPY = 1.027 CHF 1 CHF = 0.974 JPY
Pound Sterling Australian Dollar 1 GBP = 2.521 AUD 1 AUD = 0.397 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.286 CAD 1 CAD = 0.437 GBP
Pound Sterling Swiss Franc 1 GBP = 2.408 CHF 1 CHF = 0.415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.932 CAD 1 CAD = 1.073 AUD
Australian Dollar Swiss Franc 1 AUD = 0.981 CHF 1 CHF = 1.019 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.053 CHF 1 CHF = 0.950 CAD

See what else happened on December 25, 2006