Financial news on March 03, 2006

Business and Financial news
Apax Puts $29 Million Into Photo Firm

Apax Partners is taking a walk down the aisle with photography company Pictage, investing $29 million in equity for a majority stake in the company, which provides a portal for wedding and other professional photographers to print, store and sell photos. The deal values the company at less than $100 million. Pictage’s management will remain […] Read more..

By WRITER - The New York Times

Boston Scientific Sets Vote on Guidant Merger

Boston Scientific has scheduled a special shareholder meeting for March 31 for a vote on the company’s proposed $27 billion merger with Guidant. The transaction is expected to close during the week of April 3, Boston Scientific said in a Securities and Exchange Commission filing Thursday. Go to Article from The Minneapolis–St. Paul Business Journal […] Read more..

By WRITER - The New York Times

Brokerage Firm David Lerner Agrees to Fines

For the third time in less than two years, David Lerner Associates, an investment brokerage firm based in Long Island, N.Y., has agreed to fines and other penalties to settle regulatory complaints about its marketing practices. NASD said yesterday that Lerner would pay $350,000 and be suspended from selling variable insurance and annuity policies for […] Read more..

By WRITER - The New York Times

Carlyle Takes Stake in Pipe Company

Carlyle Group, the $33 billion multinational investment company based in Washington, has agreed to buy a controlling stake in pipe manufacturer John Maneely, of Collingswood, Pa. Carlyle has pledged to pay about $500 million to buy out a majority of the 18 shareholders. Members of the Dooner, Boylan and O’Donnell families, they are descendants of […] Read more..

By WRITER - The New York Times

G.E. Sees Hefty Returns From Glenworth Sale

General Electric said on Thursday it will receive net proceeds of $2.8 billion from the sale of its remaining stake in insurer Genworth Financial. The financial, media and industrial conglomerate said it plans to sell 71 million Genworth shares to the public at $32.75 a share, a slight discount to the life and mortgage insurer’s […] Read more..

By WRITER - The New York Times

News Corp. Closes In on Next Web Deal

News Corporation has been eerily quiet since it went on a billion-dollar Internet spending spree last year. But Rupert Murdoch’s deal-making machine is getting back in gear. The latest target is one of 32 companies that made presentations at last week’s Under the Radar conference in Mountain View, Calif. The deal came to light when […] Read more..

By DEALBOOK - The New York Times

South Africa’s Edgars Shops in Australia

Edgars Consolidated Stores, South Africa’s biggest retailer by market value, will bid for Coles Myer‘s department stores to expand in Australia. Edgars, based in Johannesburg, will form a team to make an offer for the Myer division of Melbourne-based Coles Myer, it said in a statement to South Africa’s stock exchange. Edgars owns stores which […] Read more..

By WRITER - The New York Times

U.S. Opens Inquiry into Online Music Pricing

Investigators from the Justice Department said Thursday that they were examining the recording industry’s practices for setting prices for music sold online, according to people briefed on the inquiry. Justice Department officials have begun serving subpoenas on the four major music corporations as part of a broad inquiry that is expected to encompass pricing and […] Read more..

By WRITER - The New York Times

Wilbur Ross Adds to Auto-Parts Rollup

A company led by financier Wilbur Ross has closed on its purchase of the European operations of bankrupt automotive parts supplier Collins & Aikman, without the participation of Lear, though the sides are still discussing a deal. International Automotive Components Group, of which Ross is chairman, proposed a joint venture with Lear to go after […] 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 19.97 20.48 19.86 20.32 203M
Cisco Systems CSCO 20.68 21.33 20.66 21.04 76.4M
Oracle Corp. ORCL 12.62 12.93 12.61 12.79 52.4M
Microsoft MSFT 26.80 27.16 26.74 26.93 45.2M
Pfizer PFE 25.95 26.45 25.88 26.34 28.7M
Apple AAPL 69.33 69.91 67.53 67.72 26.3M
General Electric GE 32.75 33.34 32.73 33.06 25.6M
Alphabet GOOGL 384.30 387.24 375.76 378.18 23.9M
ExxonMobil XOM 60.83 61.50 60.81 60.98 18.2M
Comcast CMCSA 27.09 27.52 26.97 27.17 14.4M
Verizon Communications VZ 33.83 33.94 33.51 33.58 14.1M
HP Inc. HPQ 33.75 33.94 33.26 33.26 13.3M
JPMorgan Chase JPM 41.50 42.09 41.43 41.59 12.3M
AT&T Inc. T 28.19 28.20 27.85 27.99 11M
Wal-Mart Stores WMT 44.87 45.50 44.86 45.33 9.51M
Chevron CVX 56.82 57.44 56.67 56.97 9.47M
ConocoPhillips COP 62.58 63.24 62.00 62.48 9.04M
Bristol-Myers Squibb BMY 22.57 23.01 22.57 22.90 8.4M
Walt Disney & Co. DIS 27.94 28.44 27.91 28.22 7.98M
Procter & Gamble PG 59.30 60.16 59.30 59.67 7.8M
Amgen AMGN 76.48 76.88 75.36 75.39 6.98M
Abbott Laboratories ABT 43.32 44.29 43.27 43.78 6.85M
Merck MRK 34.94 35.42 34.75 35.19 6.62M
UnitedHealth Group UNH 57.35 57.67 56.49 56.60 6.53M
Johnson & Johnson JNJ 57.55 58.12 57.47 57.47 6.46M
Home Depot HD 42.00 42.80 41.91 42.20 6.16M
Amazon AMZN 36.89 37.83 36.67 37.21 6.04M
Coca-Cola KO 41.63 42.05 41.57 41.80 5.29M
McDonald's MCD 34.75 35.06 34.64 34.85 5.27M
Altria MO 71.30 72.43 71.26 72.11 5.22M
International Business Machines IBM 79.51 80.83 79.51 79.96 4.35M
Schlumberger SLB 120.92 123.25 120.60 122.22 4.09M
Pepsico PEP 59.02 59.63 59.02 59.48 3.87M
Wells Fargo & Co. WFC 63.70 64.20 63.42 63.82 3.5M
United Technologies UTX 57.92 58.67 57.64 57.86 3.46M
Gilead Sciences GILD 60.78 61.28 60.09 60.09 3.16M
3M MMM 73.05 73.29 72.66 72.88 3.09M
Boeing BA 72.81 74.40 72.51 73.39 2.71M
Union Pacific UNP 88.83 90.29 88.55 89.52 1.29M
Berkshire Hathaway BRK.B 2895.00 2921.00 2890.00 2911.50 10K
Exchange Rates of March 03, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.440 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 = 1.298 CHF 1 CHF = 0.770 USD
US Dollar Chinese Yuan 1 USD = 8.035 CNY 1 CNY = 0.124 USD
Euro Japanese Yen 1 EUR = 140.090 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.686 GBP 1 GBP = 1.458 EUR
Euro Australian Dollar 1 EUR = 1.616 AUD 1 AUD = 0.619 EUR
Euro Canadian Dollar 1 EUR = 1.366 CAD 1 CAD = 0.732 EUR
Euro Swiss Franc 1 EUR = 1.562 CHF 1 CHF = 0.640 EUR
Pound Sterling Australian Dollar 1 GBP = 2.355 AUD 1 AUD = 0.425 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.991 CAD 1 CAD = 0.502 GBP
Pound Sterling Swiss Franc 1 GBP = 2.277 CHF 1 CHF = 0.439 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.845 CAD 1 CAD = 1.184 AUD
Australian Dollar Swiss Franc 1 AUD = 0.966 CHF 1 CHF = 1.035 AUD

See what else happened on March 03, 2006