Financial news on December 26, 2006

Business and Financial news
Addressing a Shortage of Hotel Rooms, Not People

Demand for hotel rooms is soaring in India, pushing peak season rates for basic rooms into the stratosphere. Read more..

By ANAND GIRIDHARADAS - The New York Times

An Economy of Extremes

Lately the “just right” economy has taken a particularly tricky turn: it is both too hot and too cold. Read more..

By EDUARDO PORTER - The New York Times

Away From the Tour Group, an MP3 Player as Your Guide

iJourneys produces narrated walking tours for use with personal MP3 players, including iPods, for those who do not relish the idea of doing so in a group. Read more..

By JOE SHARKEY - The New York Times

Coffeehouses as Fashion Boutiques; Selling Cachet by the Cup

Italians are now positioning their coffee as a gourmet item much the way coffeehouse chains in the United States have been doing. Read more..

By JOHN TAGLIABUE - The New York Times

Europe May Thrive Despite the U.S.

Thriving businesses outside the United States may be one reason why Europe can take an American slowdown in stride. Read more..

By CARTER DOUGHERTY - The New York Times

Frank Stanton, Broadcasting Pioneer, Dies at 98

Frank Stanton was the industry’s most articulate and persuasive spokesman while president of CBS. Read more..

By HOLCOMB B. NOBLE - The New York Times

Heady Days for Makers of Weapons

Despite a Democratic takeover of Congress, few in the military industry are worried. Read more..

By LESLIE WAYNE - The New York Times

I’m Elite and You’re Not

Airlines are reserving more choice seats for their best customers, while making it easier for them to check in and get on board. Read more..

By CHRISTOPHER ELLIOTT - The New York Times

Memo Pad

NEW PASSPORT RULES New, more restrictive rules on travel documents take effect Jan. 23 for entry into the United States by air from Bermuda, Canada, the Caribbean, Mexico and Central and South America. Starting then, all travelers entering the Uni... Read more..

By JOE SHARKEY - The New York Times

Verizon to Allow Ads on Its Mobile Phones

The move is a symbolic advance toward the widespread appearance of marketing messages on the smallest of screens. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29.53 30.00 29.40 29.99 37.1M
Intel INTC 20.03 20.29 20.03 20.15 30.5M
Cisco Systems CSCO 27.04 27.33 26.85 27.19 18.2M
Pfizer PFE 25.80 25.99 25.80 25.93 17.8M
Apple AAPL 82.15 82.57 80.89 81.51 17.5M
Oracle Corp. ORCL 17.02 17.25 16.99 17.13 15.1M
General Electric GE 37.60 37.74 37.43 37.71 12M
AT&T Inc. T 34.96 35.15 34.87 35.01 11.4M
ExxonMobil XOM 75.51 76.25 75.40 76.05 11.3M
Wal-Mart Stores WMT 44.80 46.29 44.80 46.11 10.5M
Merck MRK 42.95 43.06 42.63 42.79 7.99M
ConocoPhillips COP 71.45 72.04 70.94 71.69 7.63M
Home Depot HD 38.62 39.22 38.59 39.06 7.26M
Walt Disney & Co. DIS 34.12 34.63 33.94 34.53 6.66M
HP Inc. HPQ 40.57 41.03 40.56 40.93 6.32M
Abbott Laboratories ABT 47.71 48.28 47.67 48.23 5.3M
Verizon Communications VZ 36.51 36.90 36.48 36.75 5.26M
Wells Fargo & Co. WFC 35.76 35.97 35.72 35.94 5.12M
Comcast CMCSA 42.35 42.95 42.22 42.89 4.69M
Schlumberger SLB 63.73 63.73 61.68 62.31 4.6M
Amazon AMZN 40.13 40.13 39.42 39.80 4.47M
Alphabet GOOGL 456.52 459.47 454.59 457.53 4.14M
JPMorgan Chase JPM 47.98 48.37 47.95 48.31 4.1M
Procter & Gamble PG 63.67 64.27 63.60 64.19 4.02M
Chevron CVX 72.64 73.40 72.53 73.09 4.01M
Altria MO 85.26 85.29 84.20 85.20 3.93M
Johnson & Johnson JNJ 65.60 65.78 65.48 65.64 3.8M
Bristol-Myers Squibb BMY 25.98 26.14 25.94 26.06 3.54M
Amgen AMGN 68.71 69.13 68.25 68.69 2.98M
Pepsico PEP 62.93 63.24 62.57 62.84 2.69M
Coca-Cola KO 48.41 48.60 48.31 48.55 2.63M
UnitedHealth Group UNH 53.68 53.83 52.99 53.23 2.32M
International Business Machines IBM 95.00 95.81 94.92 95.66 2.28M
McDonald's MCD 43.66 43.92 43.50 43.81 2.23M
3M MMM 78.16 78.36 77.50 78.03 1.96M
United Technologies UTX 62.50 63.32 62.40 63.23 1.91M
Boeing BA 88.95 89.00 88.35 88.79 1.57M
Gilead Sciences GILD 64.72 65.20 64.13 65.11 1.49M
Union Pacific UNP 90.45 91.33 90.45 91.33 442K
Berkshire Hathaway BRK.B 3657.00 3662.00 3591.00 3659.00 11.3K
Exchange Rates of December 26, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.140 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.161 CAD 1 CAD = 0.861 USD
US Dollar Swiss Franc 1 USD = 1.223 CHF 1 CHF = 0.818 USD
US Dollar Chinese Yuan 1 USD = 7.821 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 156.040 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.492 EUR
Euro Australian Dollar 1 EUR = 1.675 AUD 1 AUD = 0.597 EUR
Euro Canadian Dollar 1 EUR = 1.521 CAD 1 CAD = 0.658 EUR
Euro Swiss Franc 1 EUR = 1.602 CHF 1 CHF = 0.624 EUR
Japanese Yen Pound Sterling 1 JPY = 0.429 GBP 1 GBP = 2.329 JPY
Japanese Yen Australian Dollar 1 JPY = 1.073 AUD 1 AUD = 0.932 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.974 CAD 1 CAD = 1.026 JPY
Japanese Yen Swiss Franc 1 JPY = 1.026 CHF 1 CHF = 0.974 JPY
Pound Sterling Australian Dollar 1 GBP = 2.500 AUD 1 AUD = 0.400 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.269 CAD 1 CAD = 0.441 GBP
Pound Sterling Swiss Franc 1 GBP = 2.390 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.907 CAD 1 CAD = 1.103 AUD
Australian Dollar Swiss Franc 1 AUD = 0.955 CHF 1 CHF = 1.047 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.053 CHF 1 CHF = 0.950 CAD

See what else happened on December 26, 2006