Financial news on November 1st, 2006

Business and Financial news
Are We Shopping? Is This a Store?

It’s hard to window shop without the windows. But in malls across the country, chains forgo window displays for town house look and shack chic. Read more..

By MICHAEL BARBARO - The New York Times

CVS in Talks to Buy Drug Middleman

CVS is said to be in talks to buy Caremark, the biggest pharmacy benefits manager, for more than $21 billion. Read more..

By ANDREW ROSS SORKIN - The New York Times

Group Claims U.S. Chamber Broke Tax Laws

The United States Chamber of Commerce violated tax laws by failing to report tens of millions of dollars spent to sway state and federal elections from 2000 through 2004. Read more..

By LYNNLEY BROWNING - The New York Times

Kodak Posts Another Loss on Its Way to Going Digital

The Eastman Kodak Company said that it lost $37 million, the company’s eighth consecutive quarterly loss, and it was accompanied by a sales drop. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

New Czars of Conspicuous Consumption

Moscow’s second annual Millionaire Fair had vendors peddling high-priced products, from jets and yachts to private islands. Read more..

By ANDREW E. KRAMER - The New York Times

Play Offense, Defense or Sit Out the Game?

Following the speech by Hugo Chávez at the United Nations, Citgo Petroleum Corporation, a subsidiary of Petróleos de Venezuela, is trying to save its image. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Printer Makes Acquisition

R. R. Donnelley & Sons, the printer of Sports Illustrated magazine, agreed to acquire the Banta Corporation for about $1.3 billion. Read more..

By BLOOMBERG NEWS - The New York Times

Profit Rises at A.D.M.

Archer Daniels Midland, the agricultural products company, said yesterday that its fiscal first-quarter profit more than doubled on higher prices for ethanol and improved earnings from soybean processing. Read more..

By BLOOMBERG NEWS - The New York Times

Sony Discloses U.S. Antitrust Investigation Over Chips

Sony said it had received a subpoena from the Justice Department regarding its memory-chip business. Read more..

By MARTIN FACKLER - The New York Times

Yet Another Editor Is Named to Run Fortune Magazine

John Huey, editor in chief of Time Inc., a unit of Time Warner, gave no reason for the removal of Eric Pooley as managing editor. Read more..

By KATHARINE Q. SEELYE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.3424.4523.9524.1050.2M
Oracle Corp.ORCL18.5618.6518.3418.4731.8M
AT&T Inc.T34.4934.5033.7233.7626M
General ElectricGE35.2035.2034.8534.9024.3M
Wal-Mart StoresWMT49.3849.7048.6548.8516.8M
Home DepotHD37.5037.6437.2237.3514.4M
Verizon CommunicationsVZ37.2537.2936.8936.9713.1M
JPMorgan ChaseJPM47.7547.8246.7146.9311.5M
Johnson & JohnsonJNJ67.3867.5766.8567.1811.1M
HP Inc.HPQ39.0139.1338.4938.5510.1M
Procter & GamblePG63.2063.6362.5563.048.88M
Walt Disney & Co.DIS31.5531.8631.4631.738.55M
Abbott LaboratoriesABT47.2047.5547.1547.428.37M
Bristol-Myers SquibbBMY24.8924.9524.5624.627.8M
Wells Fargo & Co.WFC36.3036.3035.7735.997.28M
International Business MachinesIBM92.5092.6891.5091.805.85M
United TechnologiesUTX65.7065.8763.7164.255.55M
UnitedHealth GroupUNH49.3449.5447.8648.305.52M
Gilead SciencesGILD69.1069.4667.0267.583.56M
Union PacificUNP91.2591.8390.1790.762.21M
Berkshire HathawayBRK.B3510.003521.003478.003493.0020.1K
Exchange Rates of November 1st, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.040 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.132 CAD1 CAD = 0.883 USD
US DollarSwiss Franc1 USD = 1.245 CHF1 CHF = 0.803 USD
US DollarChinese Yuan1 USD = 7.872 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 149.300 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.668 GBP1 GBP = 1.497 EUR
EuroAustralian Dollar1 EUR = 1.646 AUD1 AUD = 0.608 EUR
EuroCanadian Dollar1 EUR = 1.444 CAD1 CAD = 0.693 EUR
EuroSwiss Franc1 EUR = 1.589 CHF1 CHF = 0.629 EUR
Japanese YenPound Sterling1 JPY = 0.447 GBP1 GBP = 2.236 JPY
Japanese YenAustralian Dollar1 JPY = 1.102 AUD1 AUD = 0.908 JPY
Japanese YenCanadian Dollar1 JPY = 0.967 CAD1 CAD = 1.034 JPY
Japanese YenSwiss Franc1 JPY = 1.064 CHF1 CHF = 0.940 JPY
Pound SterlingAustralian Dollar1 GBP = 2.463 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.161 CAD1 CAD = 0.463 GBP
Pound SterlingSwiss Franc1 GBP = 2.377 CHF1 CHF = 0.421 GBP
Australian DollarCanadian Dollar1 AUD = 0.877 CAD1 CAD = 1.141 AUD
Australian DollarSwiss Franc1 AUD = 0.965 CHF1 CHF = 1.037 AUD
Canadian DollarSwiss Franc1 CAD = 1.100 CHF1 CHF = 0.909 CAD

See what else happened on November 1st, 2006