Financial news on December 1st, 2006

Business and Financial news
Former Deputy at Justice Dept. Would Limit Legal Disclosure

The official who drafted guidelines used after the Enron collapse to combat corporate wrongdoing said prosecutors should only rarely ask companies to disclose legal communications. Read more..

By LYNNLEY BROWNING - The New York Times

Kerkorian Again Cuts His Holdings in G.M.

For the second time in about a week the investor sold shares, this time at a loss, cutting his stake in half. Read more..


Power Station in South London Is Sold to Redeveloper From Dublin

Hong Kong developers sold a London architectural landmark, the Battersea Power Station, on Thursday, ending a 13-year struggle to develop the site. Read more..

By HEATHER TIMMONS - The New York Times

Profit and Questions on Prostate Cancer Therapy

Some fear that doctors will steer patients to a radiation therapy known as I.M.R.T. because it has higher profit potential. Read more..

By STEPHANIE SAUL - The New York Times

Ripples Keep Spreading in a Chinese Bribery Case

I.B.M., NCR and Hitachi of Japan were named in a court verdict this month in the case of a bank chief convicted of accepting more than $500,000 in bribes. Read more..

By DAVID BARBOZA - The New York Times

Sales Pitch for a Treatment

For the company that helps urologists set up radiation technology called I.M.R.T., making money is a highly desired side effect of prostate cancer treatment. Read more..

By STEPHANIE SAUL - The New York Times

Sony Shifts Duties of the Leader of the PlayStation Unit

Ken Kutaragi, the father of the PlayStation game console, will no longer run the day-to-day affairs of Sony’s video game unit. Read more..

By KEN BELSON and MATT RICHTEL - The New York Times

Survey Shows Tilt Toward Asia Among Big Companies

Big Asian companies are increasingly interested in investing in China, India and Vietnam while their appetite for investments in the U.S. is starting to fade. Read more..

By KEITH BRADSHER - The New York Times

Talks Go on; Strike Averted at 2 Dailies

Management and unionized newsroom workers at Philadelphia’s two daily newspapers agreed to resume their talks Friday morning. Read more..

By KATHARINE Q. SEELYE - The New York Times

Winds Blow for Rollback of Regulation

Businesses are hoping that at least some post-Enron regulations can be rolled back in the name of making the U.S. more competitive. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Home DepotHD39,6539,9638,6438,9747.3M
Cisco SystemsCSCO26,9527,0826,4526,6947M
Oracle Corp.ORCL19,1119,1118,6318,8135.2M
Wal-Mart StoresWMT46,1046,1045,4245,8725M
General ElectricGE35,0935,4034,9635,2824M
AT&T Inc.T33,9534,1033,7434,0018M
JPMorgan ChaseJPM46,5046,5145,5146,0114.7M
HP Inc.HPQ39,4639,8039,2139,4413.6M
Verizon CommunicationsVZ35,1335,1334,4834,6411.3M
Abbott LaboratoriesABT46,9046,9546,2546,5710.3M
Johnson & JohnsonJNJ65,9166,0665,3365,978.95M
Wells Fargo & Co.WFC35,4335,4935,0135,238.86M
Walt Disney & Co.DIS33,0533,1332,7633,098.49M
UnitedHealth GroupUNH49,4449,8448,4948,837.67M
Procter & GamblePG63,0163,1062,2162,696.6M
International Business MachinesIBM91,9091,9190,5591,255.45M
United TechnologiesUTX64,3864,7363,4463,864.81M
Gilead SciencesGILD66,2866,5064,1165,224.79M
Bristol-Myers SquibbBMY24,8724,8724,6024,844.58M
Union PacificUNP90,5291,2389,8990,481.53M
Berkshire HathawayBRK.B3555,003567,003520,003560,0014.4K
Exchange Rates of December 1st, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115,430 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,145 CAD1 CAD = 0,874 USD
US DollarSwiss Franc1 USD = 1,193 CHF1 CHF = 0,838 USD
US DollarChinese Yuan1 USD = 7,831 CNY1 CNY = 0,128 USD
EuroJapanese Yen1 EUR = 153,950 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,673 GBP1 GBP = 1,486 EUR
EuroAustralian Dollar1 EUR = 1,690 AUD1 AUD = 0,592 EUR
EuroCanadian Dollar1 EUR = 1,527 CAD1 CAD = 0,655 EUR
EuroSwiss Franc1 EUR = 1,591 CHF1 CHF = 0,628 EUR
Japanese YenPound Sterling1 JPY = 0,437 GBP1 GBP = 2,288 JPY
Japanese YenAustralian Dollar1 JPY = 1,097 AUD1 AUD = 0,911 JPY
Japanese YenCanadian Dollar1 JPY = 0,991 CAD1 CAD = 1,009 JPY
Japanese YenSwiss Franc1 JPY = 1,033 CHF1 CHF = 0,968 JPY
Pound SterlingAustralian Dollar1 GBP = 2,511 AUD1 AUD = 0,398 GBP
Pound SterlingCanadian Dollar1 GBP = 2,268 CAD1 CAD = 0,441 GBP
Pound SterlingSwiss Franc1 GBP = 2,363 CHF1 CHF = 0,423 GBP
Australian DollarCanadian Dollar1 AUD = 0,903 CAD1 CAD = 1,108 AUD
Australian DollarSwiss Franc1 AUD = 0,941 CHF1 CHF = 1,063 AUD
Canadian DollarSwiss Franc1 CAD = 1,042 CHF1 CHF = 0,960 CAD

See what else happened on December 1st, 2006