Financial news on March 02, 2006

Business and Financial news
‘Crash’ Producers Clash Over Credit and Payment

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..

By WRITER - The New York Times

Clock Ticks for New Japan Airlines Chief

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..

By WRITER - The New York Times

Gateway to Pay $47 Million in H-P Settlement

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..

By WRITER - The New York Times

Hicks Muse Changes Name, Adds Partners

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..

By WRITER - The New York Times

Lasalle Outsources Chicago Jobs

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..

By WRITER - The New York Times

Overstock Chief Says S.E.C. Investigated Journalists on Its Own

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..

By WRITER - The New York Times

Patent Ruling to Benefit Big Business

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..

By WRITER - The New York Times

PE Firms Threaten U.K. Exodus

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..

By WRITER - The New York Times

Perot Systems Buys Outsourcing Firm eServ

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..

By WRITER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.70 20.84 20.38 20.49 86.2M
Cisco Systems CSCO 20.92 21.06 20.70 20.88 69.2M
Oracle Corp. ORCL 12.74 12.92 12.68 12.80 63.2M
Microsoft MSFT 26.99 27.10 26.90 26.97 41.9M
Alphabet GOOGL 364.42 381.10 362.20 376.45 36.6M
General Electric GE 32.70 32.91 32.58 32.85 25.1M
Apple AAPL 69.02 69.99 68.67 69.61 22.3M
Pfizer PFE 26.10 26.27 25.90 26.06 20M
ExxonMobil XOM 60.04 60.98 59.98 60.85 19.7M
AT&T Inc. T 28.09 28.39 27.96 28.28 14.7M
ConocoPhillips COP 62.00 63.00 61.71 62.78 13M
Wal-Mart Stores WMT 45.13 45.48 44.93 45.06 12.5M
Comcast CMCSA 27.21 27.41 27.02 27.38 12.2M
Abbott Laboratories ABT 43.80 43.86 43.03 43.44 11.9M
HP Inc. HPQ 34.00 34.20 33.65 34.19 11.8M
Verizon Communications VZ 34.20 34.20 33.83 34.00 11.6M
Amazon AMZN 35.65 37.00 35.37 36.88 11.6M
Home Depot HD 42.18 42.49 41.80 42.29 11.6M
JPMorgan Chase JPM 41.63 41.84 41.37 41.66 10.9M
Procter & Gamble PG 59.99 60.02 59.36 59.55 10.9M
Chevron CVX 57.24 57.59 56.50 57.01 10.1M
Walt Disney & Co. DIS 27.87 28.07 27.74 28.03 9.71M
Merck MRK 34.75 35.26 34.71 35.12 9.07M
Johnson & Johnson JNJ 57.50 58.26 57.45 57.69 7.79M
Altria MO 71.89 72.00 71.30 71.61 6.79M
Schlumberger SLB 119.50 121.83 118.58 121.42 6.73M
UnitedHealth Group UNH 58.00 58.22 57.22 57.58 5.96M
Amgen AMGN 75.55 76.53 75.52 76.47 5.93M
Coca-Cola KO 42.07 42.15 41.70 41.91 5.77M
Bristol-Myers Squibb BMY 22.86 22.89 22.68 22.75 5.17M
McDonald's MCD 34.93 34.99 34.69 34.94 4.57M
International Business Machines IBM 79.90 80.21 79.54 79.94 4.42M
Pepsico PEP 59.00 59.40 58.95 59.28 4.23M
Wells Fargo & Co. WFC 64.42 64.43 63.55 63.84 3.94M
United Technologies UTX 58.50 58.82 58.02 58.29 3.3M
3M MMM 73.64 73.80 72.99 73.05 2.66M
Gilead Sciences GILD 61.05 61.64 60.71 61.29 2.58M
Boeing BA 72.75 73.35 72.34 72.80 1.78M
Union Pacific UNP 89.20 89.68 88.60 88.82 778K
Berkshire Hathaway BRK.B 2887.00 2899.00 2884.00 2893.00 7.3K
Exchange Rates of March 02, 2006
CurrenciesExchange Rates
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

See what else happened on March 02, 2006