Financial news on January 26, 2007

Business and Financial news
About Those Fears of Wall Street’s Decline ...

While it is natural that New York politicians strive to keep taxes and jobs at home, not even the newly enlightened Eliot Spitzer can buck globalization. Read more..

By JENNY ANDERSON - The New York Times

China Says Its Economy Grew by 10.7% in 2006, With Little Inflation

It was the fourth consecutive year of double-digit economic growth and China’s strongest year since 1995. Read more..

By DAVID BARBOZA - The New York Times

Ford Chief Sees Small as Virtue and Necessity

The bigger-is-better worldview that has defined Ford is being replaced with a new one: less is more. Read more..

By MICHELINE MAYNARD - The New York Times

Multiplying the Payoffs From a Super Bowl Spot

How to justify that $2.6 million Super Bowl commercial? Amortize it across the Internet, in e-mail and over the cellphone. Read more..

By STUART ELLIOTT - The New York Times

Nokia Net Up 19%, Topping Estimates

The maker of mobile phones said a push into emerging markets drove handset sales to a record. Read more..

By BLOOMBERG NEWS - The New York Times

People

People. Read more..

By THE NEW YORK TIMES - The New York Times

Pork Producer Says It Plans to Give Pigs More Room

Smithfield Foods said it would phase out confinement of pigs in individual gestation crates over the next decade. Read more..

By ALEXEI BARRIONUEVO - The New York Times

The Name Is ‘Power’ and It Fits

The Power Corporation of Canada is negotiating to acquire Marsh & McLennan’s Putnam Investments Mutual Fund unit for an estimated $3.9 billion. Read more..

By IAN AUSTEN - The New York Times

Tremors at the Door

The once booming market for home loans to people with weak credit is now coming under greater pressure. Read more..

By VIKAS BAJAJ and CHRISTINE HAUGHNEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT31.2231.2330.6030.6096.1M
Cisco SystemsCSCO26.1626.5425.7626.3564.4M
IntelINTC20.6920.9020.5120.5362.2M
Oracle Corp.ORCL17.0417.3017.0317.1536M
AppleAAPL87.1287.3784.9985.3835.2M
PfizerPFE26.3326.3526.0026.2933.1M
AmgenAMGN71.6971.8970.9271.5030.3M
General ElectricGE36.4536.5536.0136.0725.9M
AT&T Inc.T36.3736.7936.0036.4024.4M
ExxonMobilXOM73.8974.4973.4573.6120.5M
Abbott LaboratoriesABT52.7052.7651.9552.5514.2M
JPMorgan ChaseJPM50.0050.2549.5049.7014M
ConocoPhillipsCOP64.4665.1164.0964.7711.1M
Wal-Mart StoresWMT48.0548.3647.4747.6711.1M
AlphabetGOOGL490.93497.90487.03495.8411M
Johnson & JohnsonJNJ66.6866.8765.9966.0710.8M
Walt Disney & Co.DIS35.0035.0734.4734.5510.5M
Verizon CommunicationsVZ37.5037.8337.1037.8310.5M
ComcastCMCSA43.5443.9743.1043.3010.5M
Wells Fargo & Co.WFC36.1336.2335.8336.0310.1M
Home DepotHD40.1240.2239.6439.949.8M
HP Inc.HPQ41.7542.1041.3641.699.72M
PepsicoPEP64.4564.8164.4064.458.57M
McDonald'sMCD43.0243.0942.5442.938.54M
Bristol-Myers SquibbBMY26.2126.3425.9526.217.88M
AltriaMO88.3088.5087.6588.007.69M
SchlumbergerSLB63.0063.4962.2662.657.42M
ChevronCVX71.8972.3771.2371.507.27M
Coca-ColaKO48.0048.1047.8047.837.23M
MerckMRK45.9946.3945.4245.997.05M
Procter & GamblePG65.0065.1464.5064.866.83M
International Business MachinesIBM97.4997.8396.8497.455.77M
Gilead SciencesGILD63.4563.6962.4062.735.76M
BoeingBA86.0086.2584.6085.435.15M
United TechnologiesUTX66.1166.5565.6666.044.6M
AmazonAMZN37.2637.2636.3036.854.14M
UnitedHealth GroupUNH52.0652.1451.2851.544.1M
Union PacificUNP96.7497.0195.0495.432.03M
3MMMM78.9779.1978.2378.692M
Berkshire HathawayBRK.B3589.003590.003541.003545.5015.8K
Exchange Rates of January 26, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.520 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.180 CAD1 CAD = 0.848 USD
US DollarSwiss Franc1 USD = 1.253 CHF1 CHF = 0.798 USD
US DollarChinese Yuan1 USD = 7.777 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 156.940 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.659 GBP1 GBP = 1.517 EUR
EuroAustralian Dollar1 EUR = 1.669 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.523 CAD1 CAD = 0.656 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.420 GBP1 GBP = 2.383 JPY
Japanese YenAustralian Dollar1 JPY = 1.063 AUD1 AUD = 0.941 JPY
Japanese YenCanadian Dollar1 JPY = 0.970 CAD1 CAD = 1.031 JPY
Japanese YenSwiss Franc1 JPY = 1.031 CHF1 CHF = 0.970 JPY
Pound SterlingAustralian Dollar1 GBP = 2.532 AUD1 AUD = 0.395 GBP
Pound SterlingCanadian Dollar1 GBP = 2.311 CAD1 CAD = 0.433 GBP
Pound SterlingSwiss Franc1 GBP = 2.455 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.912 CAD1 CAD = 1.096 AUD
Australian DollarSwiss Franc1 AUD = 0.969 CHF1 CHF = 1.032 AUD
Canadian DollarSwiss Franc1 CAD = 1.062 CHF1 CHF = 0.941 CAD

See what else happened on January 26, 2007