Financial news on January 30th, 2007

Business and Financial news
6-Month Home Detention for Executive

A former executive at Computer Associates was sentenced Monday after pleading guilty to conspiracy charges in connection with a scheme to artificially bolster the company’s quarterly revenue. Read more..

By DOW JONES/AP - The New York Times

After 8 Hours on the Taxiway, You Might Want a Bill of Rights

Some outraged passengers have gotten together to demand federal legislation to hold the airlines more accountable for service disruptions. Read more..

By JOE SHARKEY - The New York Times

Air America to Be Acquired by New York Investor

Stephen L. Green has been providing interim financing to help the liberal network, which filed for bankruptcy protection in October, meet current costs. Read more..

By LOUISE STORY - The New York Times

A Lively Market, Legal and Not, for Software Bugs

Software vulnerabilities are bought and sold online, both by legitimate security companies and by thieves. Read more..

By BRAD STONE - The New York Times

Citigroup to Buy Online Bank in Britain to Expand Retail Presence

Citigroup agreed to buy Egg Banking, a British online bank, for $1.13 billion, the latest in a series of small deals to expand its retail presence abroad. Read more..

By ERIC DASH - The New York Times

Economist Wants Business and Social Aims to Be in Sync

Dani Rodrik, a Harvard trade economist, has built a reputation for favoring eclectic solutions that mix government and the private sector in pragmatic ways. Read more..

By LOUIS UCHITELLE - The New York Times

In Survival Mode, 2 Newsprint Makers Merge

Two leaders of the struggling North American newsprint industry, Abitibi Consolidated and Bowater, announced that they would merge through a stock-based transaction. Read more..

By IAN AUSTEN - The New York Times

Japan: Factory Output Rose to a Record in December

Japan’s factory output in December rose more than expected, to a record, fueled by higher overseas demand for automobiles and machinery. Industrial production climbed a seasonally adjusted 0.7 percent, the Ministry of Economy, Trade and Indu... Read more..

By BLOOMBERG NEWS - The New York Times

Rewriting the Room Service Menu

At the hotels where most business travelers stay, room service has not gotten the kind of attention that has been lavished on fancy spas — at least not yet. Read more..

By SUSAN STELLIN - The New York Times

Take a Stand Even if It Means Not Getting a Seat

Nothing gives your principles a workout like a business trip. Taking a stand for your beliefs isn’t easy when you’re outside of your comfort zone, but the rewards can be significant. Read more..

By NIKOS MOURKOGIANNIS, as told to Christopher Elliott - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.2926.3426.0326.2545M
General ElectricGE36.2036.3435.7636.0343.1M
Oracle Corp.ORCL17.3217.5017.0917.1642.6M
AT&T Inc.T36.6237.1936.5737.0919.8M
Verizon CommunicationsVZ38.0438.6838.0438.5817M
Bristol-Myers SquibbBMY27.5028.0727.5028.0316.4M
Wal-Mart StoresWMT47.7547.8446.9147.2816.3M
HP Inc.HPQ42.5043.2242.3443.1113.6M
Abbott LaboratoriesABT53.0353.2252.7253.1913.5M
JPMorgan ChaseJPM49.7050.2549.3750.1812.3M
Procter & GamblePG64.4064.7963.6864.5912M
Wells Fargo & Co.WFC36.0936.1135.8135.909.69M
Home DepotHD40.1140.3840.0140.178.67M
United TechnologiesUTX66.0067.2865.9066.957.57M
International Business MachinesIBM98.6299.4598.5099.377.18M
Johnson & JohnsonJNJ66.1566.6066.1066.397.17M
Walt Disney & Co.DIS34.6435.0934.6235.046.64M
UnitedHealth GroupUNH52.0252.5351.8152.215.88M
Gilead SciencesGILD63.2563.6362.9263.473.19M
Union PacificUNP96.1897.0795.1796.982.1M
Berkshire HathawayBRK.B3602.003636.003601.003636.0015.3K
Exchange Rates of January 30th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.630 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.179 CAD1 CAD = 0.848 USD
US DollarSwiss Franc1 USD = 1.251 CHF1 CHF = 0.799 USD
US DollarChinese Yuan1 USD = 7.776 CNY1 CNY = 0.129 USD
EuroJapanese Yen1 EUR = 157.740 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.661 GBP1 GBP = 1.514 EUR
EuroAustralian Dollar1 EUR = 1.679 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.529 CAD1 CAD = 0.654 EUR
EuroSwiss Franc1 EUR = 1.623 CHF1 CHF = 0.616 EUR
Japanese YenPound Sterling1 JPY = 0.419 GBP1 GBP = 2.389 JPY
Japanese YenAustralian Dollar1 JPY = 1.064 AUD1 AUD = 0.940 JPY
Japanese YenCanadian Dollar1 JPY = 0.969 CAD1 CAD = 1.032 JPY
Japanese YenSwiss Franc1 JPY = 1.029 CHF1 CHF = 0.972 JPY
Pound SterlingAustralian Dollar1 GBP = 2.541 AUD1 AUD = 0.394 GBP
Pound SterlingCanadian Dollar1 GBP = 2.315 CAD1 CAD = 0.432 GBP
Pound SterlingSwiss Franc1 GBP = 2.456 CHF1 CHF = 0.407 GBP
Australian DollarCanadian Dollar1 AUD = 0.910 CAD1 CAD = 1.098 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.035 AUD
Canadian DollarSwiss Franc1 CAD = 1.061 CHF1 CHF = 0.943 CAD

See what else happened on January 30th, 2007