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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT29,5330,0029,4029,9937.1M
IntelINTC20,0320,2920,0320,1530.5M
Cisco SystemsCSCO27,0427,3326,8527,1918.2M
PfizerPFE25,8025,9925,8025,9317.8M
AppleAAPL82,1582,5780,8981,5117.5M
Oracle Corp.ORCL17,0217,2516,9917,1315.1M
General ElectricGE37,6037,7437,4337,7112M
AT&T Inc.T34,9635,1534,8735,0111.4M
ExxonMobilXOM75,5176,2575,4076,0511.3M
Wal-Mart StoresWMT44,8046,2944,8046,1110.5M
MerckMRK42,9543,0642,6342,797.99M
ConocoPhillipsCOP71,4572,0470,9471,697.63M
Home DepotHD38,6239,2238,5939,067.26M
Walt Disney & Co.DIS34,1234,6333,9434,536.66M
HP Inc.HPQ40,5741,0340,5640,936.32M
Abbott LaboratoriesABT47,7148,2847,6748,235.3M
Verizon CommunicationsVZ36,5136,9036,4836,755.26M
Wells Fargo & Co.WFC35,7635,9735,7235,945.12M
ComcastCMCSA42,3542,9542,2242,894.69M
SchlumbergerSLB63,7363,7361,6862,314.6M
AmazonAMZN40,1340,1339,4239,804.47M
AlphabetGOOGL456,52459,47454,59457,534.14M
JPMorgan ChaseJPM47,9848,3747,9548,314.1M
Procter & GamblePG63,6764,2763,6064,194.02M
ChevronCVX72,6473,4072,5373,094.01M
AltriaMO85,2685,2984,2085,203.93M
Johnson & JohnsonJNJ65,6065,7865,4865,643.8M
Bristol-Myers SquibbBMY25,9826,1425,9426,063.54M
AmgenAMGN68,7169,1368,2568,692.98M
PepsicoPEP62,9363,2462,5762,842.69M
Coca-ColaKO48,4148,6048,3148,552.63M
UnitedHealth GroupUNH53,6853,8352,9953,232.32M
International Business MachinesIBM95,0095,8194,9295,662.28M
McDonald'sMCD43,6643,9243,5043,812.23M
3MMMM78,1678,3677,5078,031.96M
United TechnologiesUTX62,5063,3262,4063,231.91M
BoeingBA88,9589,0088,3588,791.57M
Gilead SciencesGILD64,7265,2064,1365,111.49M
Union PacificUNP90,4591,3390,4591,33442K
Berkshire HathawayBRK.B3657,003662,003591,003659,0011.3K
Exchange Rates of December 26, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119,140 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,161 CAD1 CAD = 0,861 USD
US DollarSwiss Franc1 USD = 1,223 CHF1 CHF = 0,818 USD
US DollarChinese Yuan1 USD = 7,821 CNY1 CNY = 0,128 USD
EuroJapanese Yen1 EUR = 156,040 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,670 GBP1 GBP = 1,492 EUR
EuroAustralian Dollar1 EUR = 1,675 AUD1 AUD = 0,597 EUR
EuroCanadian Dollar1 EUR = 1,521 CAD1 CAD = 0,658 EUR
EuroSwiss Franc1 EUR = 1,602 CHF1 CHF = 0,624 EUR
Japanese YenPound Sterling1 JPY = 0,429 GBP1 GBP = 2,329 JPY
Japanese YenAustralian Dollar1 JPY = 1,073 AUD1 AUD = 0,932 JPY
Japanese YenCanadian Dollar1 JPY = 0,974 CAD1 CAD = 1,026 JPY
Japanese YenSwiss Franc1 JPY = 1,026 CHF1 CHF = 0,974 JPY
Pound SterlingAustralian Dollar1 GBP = 2,500 AUD1 AUD = 0,400 GBP
Pound SterlingCanadian Dollar1 GBP = 2,269 CAD1 CAD = 0,441 GBP
Pound SterlingSwiss Franc1 GBP = 2,390 CHF1 CHF = 0,418 GBP
Australian DollarCanadian Dollar1 AUD = 0,907 CAD1 CAD = 1,103 AUD
Australian DollarSwiss Franc1 AUD = 0,955 CHF1 CHF = 1,047 AUD
Canadian DollarSwiss Franc1 CAD = 1,053 CHF1 CHF = 0,950 CAD

See what else happened on December 26, 2006