Financial news on December 29, 2006

Business and Financial news
AT&T Offers Concessions on BellSouth Buyout

The concessions are expected to satisfy the two Democrats on the F.C.C. and lead to approval of the company’s $85 billion buyout of the BellSouth Corporation. Read more..

By VIKAS BAJAJ - The New York Times

Does S.E.C. Know What It Is Doing?

The whole fiasco over the new reporting rule for executive compensation makes the S.E.C. appear to have great difficulty understanding what it is doing. Read more..

By FLOYD NORRIS - The New York Times

F.D.A. Says Food From Cloned Animals Is Safe

The finding could make the U.S. the first country to allow products from cloned livestock to be sold in grocery stores. Read more..

By ANDREW POLLACK and ANDREW MARTIN - The New York Times

France: Fines Issued in Bond Sale

GLG Partners, a European hedge fund manager, and Deutsche Bank, Germany’s biggest bank, were fined by French market regulators on accusations of trading abuses stemming from a convertible bond sale in 2002. GLG plans to appeal the decision, a comp... Read more..

By BLOOMBERG NEWS - The New York Times

Homeowners Cut Prices, Drawing Some Buyers Back

The sales rate for previously owned homes rose in November for the second straight month as homeowners cut their prices. Read more..

By JEREMY W. PETERS - The New York Times

Interim Pact Averts Comair Pilots’ Strike

Comair Holdings reached a tentative agreement with its pilots to avoid a strike over pay cuts and keep both sides talking. Read more..

By BLOOMBERG NEWS - The New York Times

Pay Packages Allow Executives to Jump Ship With Less Risk

Companies are luring executives with bonuses and stock options that they are abandoning at their old employers. Read more..

By JULIE CRESWELL - The New York Times

Russia: Web Search Engine Changes Hands

A Russian billionaire, Vladimir Potanin, won regulatory approval to take control of Rambler Media, which runs a large Internet search engine in Russia, to tap the growth in Web advertising. Mr. Potanin will take control of Rambler through the PM I... Read more..

By BLOOMBERG NEWS - The New York Times

The Crystal Ball: What’s Ahead in Ads

Some of the most common scenes for 2007 that advertising executives see in their crystal balls. Read more..

By LOUISE STORY - The New York Times

The Private Lives of Hedge Funds

Toasting the triumphs and travails of the secretive world of hedge funds as the year draws to a close. Read more..

By JENNY ANDERSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 29,86 30,15 29,83 29,86 41.7M
Apple AAPL 83,95 85,40 83,36 84,84 38.4M
Intel INTC 20,34 20,53 20,23 20,25 37.1M
AT&T Inc. T 35,66 36,21 35,65 35,75 28.6M
Pfizer PFE 26,08 26,17 25,82 25,90 27.8M
Cisco Systems CSCO 27,33 27,63 27,29 27,33 27.1M
General Electric GE 37,37 37,52 37,16 37,21 25.3M
Oracle Corp. ORCL 17,12 17,38 17,08 17,14 23.6M
ExxonMobil XOM 77,01 77,24 76,20 76,63 12.6M
Home Depot HD 39,66 40,29 39,65 40,16 11.6M
Wal-Mart Stores WMT 46,20 46,61 46,03 46,18 10.8M
Verizon Communications VZ 37,37 37,64 37,15 37,24 10.3M
Walt Disney & Co. DIS 34,42 34,61 34,27 34,27 9.83M
JPMorgan Chase JPM 48,89 48,91 48,27 48,30 9.6M
ConocoPhillips COP 72,40 72,74 71,68 71,95 9.28M
Abbott Laboratories ABT 48,80 48,99 48,50 48,71 8.39M
Bristol-Myers Squibb BMY 26,28 26,36 26,17 26,32 8M
Merck MRK 43,45 43,65 43,21 43,60 6.65M
HP Inc. HPQ 41,36 41,65 41,16 41,19 6.28M
Coca-Cola KO 48,43 48,65 48,19 48,25 6.17M
Wells Fargo & Co. WFC 35,82 35,91 35,48 35,56 5.99M
Johnson & Johnson JNJ 66,17 66,57 65,86 66,02 5.88M
Schlumberger SLB 63,10 63,53 62,51 63,16 5.73M
Amgen AMGN 68,08 68,87 68,06 68,31 5.65M
Chevron CVX 73,89 74,10 73,50 73,53 5.41M
Alphabet GOOGL 462,10 464,47 459,86 460,48 5.11M
Comcast CMCSA 42,60 42,99 42,25 42,33 4.93M
Altria MO 85,93 86,37 85,58 85,82 4.63M
International Business Machines IBM 97,00 97,88 96,83 97,15 4.46M
Procter & Gamble PG 64,36 64,73 64,10 64,27 4.42M
UnitedHealth Group UNH 53,44 54,04 53,40 53,73 4.41M
Amazon AMZN 40,06 40,25 39,35 39,46 4.2M
McDonald's MCD 44,17 44,68 44,10 44,33 3.3M
Pepsico PEP 63,10 63,40 62,55 62,55 2.86M
Gilead Sciences GILD 65,23 65,84 64,75 64,93 1.97M
United Technologies UTX 62,80 63,01 62,45 62,52 1.9M
3M MMM 78,10 78,49 77,82 77,93 1.83M
Boeing BA 89,25 89,46 88,75 88,84 1.78M
Union Pacific UNP 92,00 92,37 91,69 92,02 906K
Berkshire Hathaway BRK.B 3660,00 3666,00 3626,00 3666,00 8.6K
Exchange Rates of December 29, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119,050 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,166 CAD 1 CAD = 0,858 USD
US Dollar Swiss Franc 1 USD = 1,219 CHF 1 CHF = 0,820 USD
US Dollar Chinese Yuan 1 USD = 7,808 CNY 1 CNY = 0,128 USD
Euro Japanese Yen 1 EUR = 157,150 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,674 GBP 1 GBP = 1,484 EUR
Euro Australian Dollar 1 EUR = 1,673 AUD 1 AUD = 0,598 EUR
Euro Canadian Dollar 1 EUR = 1,539 CAD 1 CAD = 0,650 EUR
Euro Swiss Franc 1 EUR = 1,609 CHF 1 CHF = 0,622 EUR
Japanese Yen Pound Sterling 1 JPY = 0,429 GBP 1 GBP = 2,334 JPY
Japanese Yen Australian Dollar 1 JPY = 1,064 AUD 1 AUD = 0,940 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,979 CAD 1 CAD = 1,022 JPY
Japanese Yen Swiss Franc 1 JPY = 1,024 CHF 1 CHF = 0,977 JPY
Pound Sterling Australian Dollar 1 GBP = 2,483 AUD 1 AUD = 0,403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,284 CAD 1 CAD = 0,438 GBP
Pound Sterling Swiss Franc 1 GBP = 2,388 CHF 1 CHF = 0,419 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,919 CAD 1 CAD = 1,088 AUD
Australian Dollar Swiss Franc 1 AUD = 0,961 CHF 1 CHF = 1,040 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,045 CHF 1 CHF = 0,957 CAD

See what else happened on December 29, 2006