Financial news on March 1st, 2006
Business and Financial news
A new angel investment group wants to find the next big company to emerge from the Pacific Northwest. And as its name suggests, the Northwest Energy Angel Group believes there is a big opportunity to help energy-related startups – from solar power to alternative fuel companies – grow their businesses. Go to Article from The […] Read more..
General Motors is putting pressure on its investment bankers to reach the outline of a deal to sell a majority stake in its GMAC finance arm before its board meets Monday, according to The Financial Times. The unit could be worth $11.5 billion but that the slow progress of talks about a sale of GMAC […] Read more..
The financial future of California’s novel $3 billion human embryonic stem cell research institute went on trial Monday as three groups tried to block the state-funded research. Go to Article from The San Jose Mercury News » Read more..
HSBC Holdings, Europe’s largest bank, has confirmed plans to restructure its corporate and investment banking divisions in a move that could see high-profile executive John Studzinski move to a new role. Go to Article from The Telegraph » Go to Article from The Times of London » Read more..
A former Enron executive on Tuesday gave the strongest testimony yet in the five-week-old trial that Jeffrey K. Skilling, the company’s former chief executive, signed off on a controversial accounting shift involving troubled trading contracts. The witness, David W. Delainey, who led the Energy Services unit at Enron, said that he initially resisted the idea […] Read more..
New York Times to Launch ‘DealBook,’ New Financial News Report on the Web NEW YORK–(BUSINESS WIRE)–March 6, 2006–The New York Times announced today the launch of DealBook, a new online financial news report on NYTimes.com featuring up-to-the-minute news and exclusives about Wall Street and corporate America. The continually updated report edited by Andrew Ross Sorkin, […] Read more..
A senior executive from Refco , the futures and commodities brokerage now in bankruptcy, said on Tuesday the company at times had borrowed much more than $1 billion against customer assets, but that clients should have known from their trading documents that it could happen. Go to Article from The Washington Post » Read more..
Toronto-Dominion Bank reported what its chief executive officer described as a “remarkable” first quarter yesterday, churning out $2.3-billion in profit, recording double-digit growth in its juggernaut Canadian retail operations, and turning in stellar trading results that underpinned a resurgent performance by its investment bank. Go to Article from The Globe and Mail » Read more..
Values are reported in US Dollars
|Walt Disney & Co.||DIS||28,00||28,18||27,93||28,09||9.22M|
|Procter & Gamble||PG||60,18||60,46||60,02||60,11||9.16M|
|Johnson & Johnson||JNJ||57,62||57,82||57,45||57,66||7.14M|
|International Business Machines||IBM||80,01||80,81||79,78||79,90||5.17M|
|Wells Fargo & Co.||WFC||64,45||64,78||64,31||64,69||4.23M|
Exchange Rates of March 1st, 2006
|US Dollar||Japanese Yen||1 USD = 116,080 JPY||1 JPY = 0,009 USD|
|US Dollar||Canadian Dollar||1 USD = 1,135 CAD||1 CAD = 0,881 USD|
|US Dollar||Swiss Franc||1 USD = 1,313 CHF||1 CHF = 0,762 USD|
|US Dollar||Chinese Yuan||1 USD = 8,035 CNY||1 CNY = 0,124 USD|
|Euro||Japanese Yen||1 EUR = 138,310 JPY||1 JPY = 0,007 EUR|
|Euro||Pound Sterling||1 EUR = 0,681 GBP||1 GBP = 1,468 EUR|
|Euro||Australian Dollar||1 EUR = 1,599 AUD||1 AUD = 0,625 EUR|
|Euro||Canadian Dollar||1 EUR = 1,352 CAD||1 CAD = 0,740 EUR|
|Euro||Swiss Franc||1 EUR = 1,565 CHF||1 CHF = 0,639 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2,348 AUD||1 AUD = 0,426 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1,985 CAD||1 CAD = 0,504 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2,297 CHF||1 CHF = 0,435 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0,845 CAD||1 CAD = 1,184 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,978 CHF||1 CHF = 1,023 AUD|