Financial news on March 2nd, 2006
Business and Financial news
On the eve of this weekend’s Academy Awards, a bare-knuckled fight has broken out among the producers of one of the leading Oscar-nominated movies, “Crash,” over two of the things Hollywood cares about most: money and credit. Even as the last Oscar ballots were being cast late Tuesday, Cathy Schulman, a producer of “Crash,” filed […] Read more..
Eitaro Itoyama, the billionaire who forced out a Japan Airlines president for the second time on Wednesday, threatened to oust replacement Haruka Nishimatsu after a year unless he turns around the unprofitable carrier. “I will tell him I want dividends,” Itoyama, Japan’s fourth-wealthiest man, said in an interview in Tokyo. “Nishimatsu may be good in […] Read more..
Gateway agreed Wednesday to pay $47 million to Hewlett-Packard to settle a series of patent lawsuits, and the rival computer makers entered into a seven-year cross-licensing deal. Go to Article from Newsday » Read more..
Dallas buyout firm Hicks, Muse, Tate & Furst said Wednesday that it is changing its name to HM Capital Partners LLC and adding three new partners. The name change, effective immediately, reflects a generational shift. Co-founder Tom Hicks retired from the 17-year-old firm in January 2005. Charles Tate, another partner, left in June 2002. Six […] Read more..
LaSalle Bank on Tuesday told 160 Chicago workers that they’ll be losing their jobs as part of its parent’s previously announced plans to slash about 3,500 information technology positions worldwide. Amsterdam-based ABN Amro said in September that it would join the growing ranks of companies outsourcing much of their computer work to reduce costs. At […] Read more..
The chief executive of Overstock.com said on Wednesday that federal regulators, not his company, an online retailer, were behind the subpoenas of business journalists as part of an investigation into allegations that Overstock.com’s stock was manipulated. Patrick Byrne said in a televised interview that the Securities and Exchange Commission’s recent subpoenas of journalists who had […] Read more..
Acting in a case at the intersection of patent and antitrust law, the Supreme Court on Wednesday issued a ruling that makes it harder for upstart companies and generic manufacturers to challenge patent holders’ power in the marketplace. The 8-0 decision, written by Justice John Paul Stevens, overturns a 1947 decision that was issued when […] Read more..
The private equity industry has warned the British chancellor that it will consider abandoning the United Kingdom if he clamps down on its profits. The Treasury is currently reviewing the way it taxes private equity deals and, while changes are not imminent, the industry fears that it has to emphasize the contribution it makes to […] Read more..
Perot Systems has acquired eServ, a provider of high-end product engineering outsourcing services, for $21 million. The acquisition launches Perot Systems’ expansion into outsourced engineering services, broadening the company’s suite of services for the automotive, manufacturing and industrial services segments. Go to Article from the Dallas Morning News » Read more..
Values are reported in US Dollars
|Procter & Gamble||PG||59.99||60.02||59.36||59.55||10.9M|
|Walt Disney & Co.||DIS||27.87||28.07||27.74||28.03||9.71M|
|Johnson & Johnson||JNJ||57.50||58.26||57.45||57.69||7.79M|
|International Business Machines||IBM||79.90||80.21||79.54||79.94||4.42M|
|Wells Fargo & Co.||WFC||64.42||64.43||63.55||63.84||3.94M|
Exchange Rates of March 2nd, 2006
|US Dollar||Japanese Yen||1 USD = 115.860 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.131 CAD||1 CAD = 0.884 USD|
|US Dollar||Swiss Franc||1 USD = 1.298 CHF||1 CHF = 0.770 USD|
|US Dollar||Chinese Yuan||1 USD = 8.034 CNY||1 CNY = 0.124 USD|
|Euro||Japanese Yen||1 EUR = 139.430 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.686 GBP||1 GBP = 1.458 EUR|
|Euro||Australian Dollar||1 EUR = 1.608 AUD||1 AUD = 0.622 EUR|
|Euro||Canadian Dollar||1 EUR = 1.361 CAD||1 CAD = 0.735 EUR|
|Euro||Swiss Franc||1 EUR = 1.562 CHF||1 CHF = 0.640 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2.343 AUD||1 AUD = 0.427 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.984 CAD||1 CAD = 0.504 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.276 CHF||1 CHF = 0.439 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.846 CAD||1 CAD = 1.182 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.971 CHF||1 CHF = 1.030 AUD|