Financial news on December 27, 2006

Business and Financial news
Anadarko Gas Fields Sold to Exco

The Anadarko Petroleum Corporation sold natural-gas fields in Louisiana to Exco Resources for $1.6 billion to help cut debt. Read more..

By BLOOMBERG NEWS - The New York Times

Ford Chief Seeks Ideas From Toyota

The discussions reportedly appeared to have centered on environmental technology and manufacturing. Read more..


Japan: A Decline in Retail Sales

Retail sales rose less than expected in November, the Japanese government reported, an indication that consumer spending may struggle to rebound. Receipts at retailers edged up 0.1 percent in November from a month earlier, the trade ministry said.... Read more..

By BLOOMBERG NEWS - The New York Times

Many Private Planes to Store, but Not Enough Hangars

More companies that perform maintenance for noncommercial aircraft are under increasing pressure to expand or improve the facilities they have. Read more..

By ELSA BRENNER - The New York Times

Morse Code: A Fading Signal

The F.C.C.’s decision to no longer require Morse Code proficiency as a condition for an amateur radio license has shaken some ham radio operators. Read more..

By MIGUEL HELFT - The New York Times

Ruling Upholds Eli Lilly’s Patent on Drug

Eli Lilly won a federal appeals court ruling upholding its patent on Zyprexa, the world’s top-selling schizophrenia drug. Read more..

By BLOOMBERG NEWS - The New York Times

S.E.C. Changes Reporting Rule on Bosses’ Pay

The S.E.C. adopted a rule that will allow companies to report lower total compensation for top executives. Read more..

By FLOYD NORRIS - The New York Times

Small Businesses Fight Fickle Rules

Some entrepreneurs complain that federal contracts set aside for small businesses often go to corporations, and that rules for recourse are rarely enforced. Read more..

By RON NIXON - The New York Times

The Biggest Private Equity Firms Are Turning Their Focus to Asia

After the extraordinary growth in private equity deals in the U.S. and Europe, more top firms are looking to Asia as the next frontier. Read more..

By DONALD GREENLEES - The New York Times

Underdog in Insurance Ramps Up

Willis Group Holdings has become the fastest-growing corporate insurance broker, and speculation persists that it wants to buy industry leader Marsh & McLennan. Read more..

By JOSEPH B. TREASTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.3027.5026.8327.3025.7M
AT&T Inc.T35.0535.5035.0135.4218.4M
Oracle Corp.ORCL17.2317.2417.0717.1016.5M
General ElectricGE37.7938.0337.5737.7916M
Abbott LaboratoriesABT48.5049.0048.3949.0013.4M
Wal-Mart StoresWMT45.7546.2545.7546.1612.1M
HP Inc.HPQ40.9441.7040.9341.609.8M
Home DepotHD39.1939.6839.1839.568.74M
Verizon CommunicationsVZ36.8437.2036.7137.147.89M
JPMorgan ChaseJPM48.5849.0047.8248.957.72M
Walt Disney & Co.DIS34.4934.7034.3234.547.63M
Bristol-Myers SquibbBMY26.1526.3726.0926.295.72M
Procter & GamblePG64.2864.5864.2564.425.25M
Wells Fargo & Co.WFC35.9836.1635.9536.055.2M
Johnson & JohnsonJNJ66.0066.1565.7866.015.17M
UnitedHealth GroupUNH52.2753.6052.0553.384.92M
International Business MachinesIBM96.3097.2396.2797.204.57M
Gilead SciencesGILD65.6966.2265.3566.032.6M
United TechnologiesUTX63.5964.2162.7762.942.26M
Union PacificUNP91.5691.8791.3391.75852K
Berkshire HathawayBRK.B3683.003683.003658.003664.009K
Exchange Rates of December 27, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.770 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.162 CAD1 CAD = 0.861 USD
US DollarSwiss Franc1 USD = 1.226 CHF1 CHF = 0.815 USD
US DollarChinese Yuan1 USD = 7.816 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.750 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.492 EUR
EuroAustralian Dollar1 EUR = 1.671 AUD1 AUD = 0.598 EUR
EuroCanadian Dollar1 EUR = 1.524 CAD1 CAD = 0.656 EUR
EuroSwiss Franc1 EUR = 1.609 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.430 GBP1 GBP = 2.325 JPY
Japanese YenAustralian Dollar1 JPY = 1.073 AUD1 AUD = 0.932 JPY
Japanese YenCanadian Dollar1 JPY = 0.978 CAD1 CAD = 1.023 JPY
Japanese YenSwiss Franc1 JPY = 1.032 CHF1 CHF = 0.969 JPY
Pound SterlingAustralian Dollar1 GBP = 2.494 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.273 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.399 CHF1 CHF = 0.417 GBP
Australian DollarCanadian Dollar1 AUD = 0.911 CAD1 CAD = 1.098 AUD
Australian DollarSwiss Franc1 AUD = 0.962 CHF1 CHF = 1.040 AUD
Canadian DollarSwiss Franc1 CAD = 1.055 CHF1 CHF = 0.948 CAD

See what else happened on December 27, 2006