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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 31.22 31.23 30.60 30.60 96.1M
Cisco Systems CSCO 26.16 26.54 25.76 26.35 64.4M
Intel INTC 20.69 20.90 20.51 20.53 62.2M
Oracle Corp. ORCL 17.04 17.30 17.03 17.15 36M
Apple AAPL 87.12 87.37 84.99 85.38 35.2M
Pfizer PFE 26.33 26.35 26.00 26.29 33.1M
Amgen AMGN 71.69 71.89 70.92 71.50 30.3M
General Electric GE 36.45 36.55 36.01 36.07 25.9M
AT&T Inc. T 36.37 36.79 36.00 36.40 24.4M
ExxonMobil XOM 73.89 74.49 73.45 73.61 20.5M
Abbott Laboratories ABT 52.70 52.76 51.95 52.55 14.2M
JPMorgan Chase JPM 50.00 50.25 49.50 49.70 14M
ConocoPhillips COP 64.46 65.11 64.09 64.77 11.1M
Wal-Mart Stores WMT 48.05 48.36 47.47 47.67 11.1M
Alphabet GOOGL 490.93 497.90 487.03 495.84 11M
Johnson & Johnson JNJ 66.68 66.87 65.99 66.07 10.8M
Walt Disney & Co. DIS 35.00 35.07 34.47 34.55 10.5M
Verizon Communications VZ 37.50 37.83 37.10 37.83 10.5M
Comcast CMCSA 43.54 43.97 43.10 43.30 10.5M
Wells Fargo & Co. WFC 36.13 36.23 35.83 36.03 10.1M
Home Depot HD 40.12 40.22 39.64 39.94 9.8M
HP Inc. HPQ 41.75 42.10 41.36 41.69 9.72M
Pepsico PEP 64.45 64.81 64.40 64.45 8.57M
McDonald's MCD 43.02 43.09 42.54 42.93 8.54M
Bristol-Myers Squibb BMY 26.21 26.34 25.95 26.21 7.88M
Altria MO 88.30 88.50 87.65 88.00 7.69M
Schlumberger SLB 63.00 63.49 62.26 62.65 7.42M
Chevron CVX 71.89 72.37 71.23 71.50 7.27M
Coca-Cola KO 48.00 48.10 47.80 47.83 7.23M
Merck MRK 45.99 46.39 45.42 45.99 7.05M
Procter & Gamble PG 65.00 65.14 64.50 64.86 6.83M
International Business Machines IBM 97.49 97.83 96.84 97.45 5.77M
Gilead Sciences GILD 63.45 63.69 62.40 62.73 5.76M
Boeing BA 86.00 86.25 84.60 85.43 5.15M
United Technologies UTX 66.11 66.55 65.66 66.04 4.6M
Amazon AMZN 37.26 37.26 36.30 36.85 4.14M
UnitedHealth Group UNH 52.06 52.14 51.28 51.54 4.1M
Union Pacific UNP 96.74 97.01 95.04 95.43 2.03M
3M MMM 78.97 79.19 78.23 78.69 2M
Berkshire Hathaway BRK.B 3589.00 3590.00 3541.00 3545.50 15.8K
Exchange Rates of January 26, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 121.520 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.180 CAD 1 CAD = 0.848 USD
US Dollar Swiss Franc 1 USD = 1.253 CHF 1 CHF = 0.798 USD
US Dollar Chinese Yuan 1 USD = 7.777 CNY 1 CNY = 0.129 USD
Euro Japanese Yen 1 EUR = 156.940 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.659 GBP 1 GBP = 1.517 EUR
Euro Australian Dollar 1 EUR = 1.669 AUD 1 AUD = 0.599 EUR
Euro Canadian Dollar 1 EUR = 1.523 CAD 1 CAD = 0.656 EUR
Euro Swiss Franc 1 EUR = 1.619 CHF 1 CHF = 0.618 EUR
Japanese Yen Pound Sterling 1 JPY = 0.420 GBP 1 GBP = 2.383 JPY
Japanese Yen Australian Dollar 1 JPY = 1.063 AUD 1 AUD = 0.941 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.970 CAD 1 CAD = 1.031 JPY
Japanese Yen Swiss Franc 1 JPY = 1.031 CHF 1 CHF = 0.970 JPY
Pound Sterling Australian Dollar 1 GBP = 2.532 AUD 1 AUD = 0.395 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.311 CAD 1 CAD = 0.433 GBP
Pound Sterling Swiss Franc 1 GBP = 2.455 CHF 1 CHF = 0.407 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.912 CAD 1 CAD = 1.096 AUD
Australian Dollar Swiss Franc 1 AUD = 0.969 CHF 1 CHF = 1.032 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.062 CHF 1 CHF = 0.941 CAD

See what else happened on January 26, 2007