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..

By MICHELINE MAYNARD - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 78.15 82.00 76.77 81.52 69.1M
Intel INTC 20.26 20.50 20.22 20.40 31.9M
Microsoft MSFT 29.99 30.13 29.91 30.02 31.2M
Cisco Systems CSCO 27.30 27.50 26.83 27.30 25.7M
Pfizer PFE 25.95 26.23 25.82 26.15 24.7M
AT&T Inc. T 35.05 35.50 35.01 35.42 18.4M
Oracle Corp. ORCL 17.23 17.24 17.07 17.10 16.5M
General Electric GE 37.79 38.03 37.57 37.79 16M
Abbott Laboratories ABT 48.50 49.00 48.39 49.00 13.4M
Wal-Mart Stores WMT 45.75 46.25 45.75 46.16 12.1M
ExxonMobil XOM 76.30 77.00 76.01 76.96 10.9M
HP Inc. HPQ 40.94 41.70 40.93 41.60 9.8M
Home Depot HD 39.19 39.68 39.18 39.56 8.74M
Alphabet GOOGL 460.00 468.08 459.10 468.03 8.45M
ConocoPhillips COP 71.58 72.60 71.12 72.14 8.16M
Verizon Communications VZ 36.84 37.20 36.71 37.14 7.89M
JPMorgan Chase JPM 48.58 49.00 47.82 48.95 7.72M
Walt Disney & Co. DIS 34.49 34.70 34.32 34.54 7.63M
Schlumberger SLB 62.44 64.01 62.36 63.89 7.31M
Merck MRK 43.00 43.62 43.00 43.37 6.44M
Bristol-Myers Squibb BMY 26.15 26.37 26.09 26.29 5.72M
Procter & Gamble PG 64.28 64.58 64.25 64.42 5.25M
Wells Fargo & Co. WFC 35.98 36.16 35.95 36.05 5.2M
Johnson & Johnson JNJ 66.00 66.15 65.78 66.01 5.17M
Chevron CVX 73.28 74.14 73.26 74.04 5.11M
UnitedHealth Group UNH 52.27 53.60 52.05 53.38 4.92M
Coca-Cola KO 48.69 48.78 48.29 48.69 4.81M
International Business Machines IBM 96.30 97.23 96.27 97.20 4.57M
Amgen AMGN 69.00 69.22 68.26 68.46 4.37M
Comcast CMCSA 43.07 43.14 42.70 42.83 3.86M
Altria MO 85.34 85.98 85.29 85.81 3.84M
McDonald's MCD 43.82 44.36 43.82 44.33 3.8M
Amazon AMZN 39.86 40.47 39.80 40.29 3.54M
Gilead Sciences GILD 65.69 66.22 65.35 66.03 2.6M
Pepsico PEP 63.07 63.15 62.59 62.89 2.34M
United Technologies UTX 63.59 64.21 62.77 62.94 2.26M
Boeing BA 89.15 89.45 88.74 88.88 2.01M
3M MMM 78.33 78.68 78.15 78.47 1.75M
Union Pacific UNP 91.56 91.87 91.33 91.75 852K
Berkshire Hathaway BRK.B 3683.00 3683.00 3658.00 3664.00 9K
Exchange Rates of December 27, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.770 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.162 CAD 1 CAD = 0.861 USD
US Dollar Swiss Franc 1 USD = 1.226 CHF 1 CHF = 0.815 USD
US Dollar Chinese Yuan 1 USD = 7.816 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 155.750 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.492 EUR
Euro Australian Dollar 1 EUR = 1.671 AUD 1 AUD = 0.598 EUR
Euro Canadian Dollar 1 EUR = 1.524 CAD 1 CAD = 0.656 EUR
Euro Swiss Franc 1 EUR = 1.609 CHF 1 CHF = 0.622 EUR
Japanese Yen Pound Sterling 1 JPY = 0.430 GBP 1 GBP = 2.325 JPY
Japanese Yen Australian Dollar 1 JPY = 1.073 AUD 1 AUD = 0.932 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.978 CAD 1 CAD = 1.023 JPY
Japanese Yen Swiss Franc 1 JPY = 1.032 CHF 1 CHF = 0.969 JPY
Pound Sterling Australian Dollar 1 GBP = 2.494 AUD 1 AUD = 0.401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.273 CAD 1 CAD = 0.440 GBP
Pound Sterling Swiss Franc 1 GBP = 2.399 CHF 1 CHF = 0.417 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.911 CAD 1 CAD = 1.098 AUD
Australian Dollar Swiss Franc 1 AUD = 0.962 CHF 1 CHF = 1.040 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.055 CHF 1 CHF = 0.948 CAD

See what else happened on December 27, 2006