Financial news on November 3rd, 2006

Business and Financial news
3 Americans Arrested by F.B.I. in Identity Thefts

The arrests follow a two-year operation by the F.B.I. to identify suspects using stolen consumer information. Read more..

By TOM ZELLER Jr - The New York Times

A Cut in Corporate Tax Rates in Germany

The German government agreed on a plan to cut its average corporate tax rate in a bid to encourage investment in the country, which has Europe’s largest economy. The step will take Germany from having the highest tax in Europe to one that is broad... Read more..


Credit Suisse’s Stock Trading Lags Its Deals; Profit Is Off

Credit Suisse reported its third-quarter profit slipped after a decline in equity trading reduced earnings from investment banking. Read more..

By BLOOMBERG NEWS - The New York Times

European Bank Hints at a Rate Increase

The European Central Bank signaled it would raise its benchmark interest rate to curb inflation in an expanding European economy. Read more..

By CARTER DOUGHERTY - The New York Times

F.C.C. Vote on the Deal for BellSouth Is Put Off

The F.C.C. delayed the vote for the third time as commissioners remained far apart on what terms to impose on the $80 billion deal. Read more..

By KEN BELSON - The New York Times

Mission: Rescue Operation

Tom Cruise will take charge of United Artists, the production company started by Charlie Chaplin and Mary Pickford. Read more..

By LAURA M. HOLSON - The New York Times

No Longer the 1980s

As trading becomes more electronic, women traders on Wall Street are finding a slightly more level playing field. Read more..

By MICHAEL S. SCHMIDT - The New York Times

October Sales Were Weak at Wal-Mart

The results suggest that lower- and middle-class Americans are holding on to their wallets even as energy prices fall and wages rise. Read more..

By JEREMY W. PETERS - The New York Times

Prosecutor in Enron Trials Heads for the Private Sector

Sean M. Berkowitz has joined the litigation department of the law firm Latham & Watkins in Chicago as a partner. Read more..

By JULIE CRESWELL - The New York Times

Realtors Say the Stars Are Aligned for Housing

A new $40 million ad campaign by the National Association of Realtors will promote that now is an ideal time to buy a home. Read more..

By VIKAS BAJAJ - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.3218.3417.6717.7847.2M
Cisco SystemsCSCO24.0124.0323.5623.7739.3M
AT&T Inc.T34.0434.1033.4633.7230M
General ElectricGE34.8135.0034.6934.7719.1M
Wal-Mart StoresWMT48.3048.4747.2047.5318M
Home DepotHD37.3337.4036.8037.2014M
Verizon CommunicationsVZ37.0037.1036.5836.7013.5M
HP Inc.HPQ38.5938.8738.1538.229.69M
Walt Disney & Co.DIS31.8331.9731.6931.898.65M
Abbott LaboratoriesABT47.4147.8047.3147.648.31M
JPMorgan ChaseJPM47.1547.2546.5046.897.98M
Johnson & JohnsonJNJ68.0068.3267.7667.817.1M
UnitedHealth GroupUNH48.7548.7547.4747.836.68M
Wells Fargo & Co.WFC35.9736.2335.9336.006.36M
Bristol-Myers SquibbBMY24.5724.6024.3224.536.24M
Procter & GamblePG63.2763.4963.1063.405.5M
International Business MachinesIBM91.7692.3491.1891.414.51M
United TechnologiesUTX64.8764.9863.7363.972.93M
Gilead SciencesGILD67.8668.2567.1567.862.37M
Union PacificUNP90.8691.1989.4190.191.46M
Berkshire HathawayBRK.B3473.003505.003473.003501.0017.6K
Exchange Rates of November 3rd, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.000 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.130 CAD1 CAD = 0.885 USD
US DollarSwiss Franc1 USD = 1.254 CHF1 CHF = 0.798 USD
US DollarChinese Yuan1 USD = 7.871 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 150.070 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.669 GBP1 GBP = 1.495 EUR
EuroAustralian Dollar1 EUR = 1.652 AUD1 AUD = 0.605 EUR
EuroCanadian Dollar1 EUR = 1.436 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.594 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.446 GBP1 GBP = 2.245 JPY
Japanese YenAustralian Dollar1 JPY = 1.100 AUD1 AUD = 0.909 JPY
Japanese YenCanadian Dollar1 JPY = 0.957 CAD1 CAD = 1.045 JPY
Japanese YenSwiss Franc1 JPY = 1.062 CHF1 CHF = 0.942 JPY
Pound SterlingAustralian Dollar1 GBP = 2.470 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.147 CAD1 CAD = 0.466 GBP
Pound SterlingSwiss Franc1 GBP = 2.382 CHF1 CHF = 0.420 GBP
Australian DollarCanadian Dollar1 AUD = 0.869 CAD1 CAD = 1.151 AUD
Australian DollarSwiss Franc1 AUD = 0.964 CHF1 CHF = 1.037 AUD
Canadian DollarSwiss Franc1 CAD = 1.109 CHF1 CHF = 0.901 CAD

See what else happened on November 3rd, 2006