Financial news on December 28th, 2006

Business and Financial news
Brilliant Ideas That Found a Welcome

A top 10 list — not of the greatest tech products, but of the greatest individual features that surfaced in 2006. Read more..

By DAVID POGUE - The New York Times

Broadcaster Settles Lawsuit Over Payola

Entercom Communications agreed to pay $4.25 million to settle a lawsuit over kickbacks paid for radio airtime. Read more..

By BLOOMBERG NEWS - The New York Times

Google Wins Dismissal of Patent Lawsuit

Google won a dismissal of a lawsuit filed by a Wisconsin company over four patents covering database search technology. Read more..

By BLOOMBERG NEWS - The New York Times

Home Sales Rose 3.4% Last Month

Builders sold new homes at a faster rate last month than they did in October, shrinking the backlog of unsold homes on the market. Read more..

By JEREMY W. PETERS - The New York Times

Japan, Home of the Cute and Inbred Dog

Rampant inbreeding has given Japanese dogs some of the highest rates of genetic defects in the world. Read more..

By MARTIN FACKLER - The New York Times

Norton to Join Shell

Royal Dutch Shell said Gale A. Norton, former U.S. secretary of the interior would join the company as general counsel. Read more..

By BLOOMBERG NEWS - The New York Times

Now Looking Green Is Looking Good

More ad agencies are figuring that there is good money to be made from specializing in ads that promote greenness. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Street Expresses New Confidence in Drug-Coated Stents

Analysts are now forecasting that drug-coated stents will account for 75 percent to 80 percent of the domestic market in the last quarter of this year. Read more..

By BARNABY J. FEDER - The New York Times

The Day the Pixels Froze: When a Digital World Was Stopped by a Natural Disaster

The earthquake off the coast of Taiwan was a reminder of the world’s increasing dependence on communications technology. Read more..

By SETH MYDANS - The New York Times

Want to Take Upside-Down Photos? Try a MonsterPod

The MonsterPod is a unique camera tripod that can stick to any surface and hang motionless. Read more..

By JOHN BIGGS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.2927.5827.2527.4234.8M
Oracle Corp.ORCL17.1317.2517.0417.2020.5M
General ElectricGE37.7037.7637.4537.4816.9M
AT&T Inc.T35.3035.6635.2535.5012.9M
Verizon CommunicationsVZ37.0237.3537.0237.329.46M
Home DepotHD39.4139.8139.3839.738.89M
HP Inc.HPQ41.4241.6541.2841.367.56M
Walt Disney & Co.DIS34.5434.8134.4734.527.21M
Wal-Mart StoresWMT45.8146.2045.8146.017.1M
Abbott LaboratoriesABT48.7549.1048.6548.936.92M
JPMorgan ChaseJPM48.8049.0048.6448.926.53M
Johnson & JohnsonJNJ65.8666.6065.8666.425.45M
Bristol-Myers SquibbBMY26.3026.4126.2126.314.91M
International Business MachinesIBM97.1197.4096.8796.974.5M
Wells Fargo & Co.WFC36.0536.0935.8335.924.33M
Procter & GamblePG64.1764.6264.1264.483.9M
UnitedHealth GroupUNH52.9153.7552.8753.663.63M
United TechnologiesUTX63.1363.1462.5462.812.53M
Gilead SciencesGILD65.8366.0964.7065.352.21M
Union PacificUNP91.7592.3291.7592.001.18M
Berkshire HathawayBRK.B3682.003682.003652.003667.5010.5K
Exchange Rates of December 28th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.910 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.160 CAD1 CAD = 0.862 USD
US DollarSwiss Franc1 USD = 1.222 CHF1 CHF = 0.819 USD
US DollarChinese Yuan1 USD = 7.814 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 156.360 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.493 EUR
EuroAustralian Dollar1 EUR = 1.662 AUD1 AUD = 0.602 EUR
EuroCanadian Dollar1 EUR = 1.526 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.606 CHF1 CHF = 0.623 EUR
Japanese YenPound Sterling1 JPY = 0.428 GBP1 GBP = 2.336 JPY
Japanese YenAustralian Dollar1 JPY = 1.062 AUD1 AUD = 0.941 JPY
Japanese YenCanadian Dollar1 JPY = 0.975 CAD1 CAD = 1.025 JPY
Japanese YenSwiss Franc1 JPY = 1.027 CHF1 CHF = 0.974 JPY
Pound SterlingAustralian Dollar1 GBP = 2.482 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.278 CAD1 CAD = 0.439 GBP
Pound SterlingSwiss Franc1 GBP = 2.398 CHF1 CHF = 0.417 GBP
Australian DollarCanadian Dollar1 AUD = 0.917 CAD1 CAD = 1.090 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.035 AUD
Canadian DollarSwiss Franc1 CAD = 1.052 CHF1 CHF = 0.950 CAD

See what else happened on December 28th, 2006