Financial news on October 3rd, 2006

Business and Financial news
$15 Billion Deal for Harrah’s May Put Other Casinos Into Play

Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling. Read more..

By PETER EDMONSTON and MICHAEL J. de la MERCED - The New York Times

6-Year Sentence in Trading Case

A federal judge in Brooklyn sentenced a former F.B.I. agent to six years in prison for racketeering and securities fraud related to the inside-trading prosecution of a former stock picker, Anthony Elgindy. Read more..

By BLOOMBERG NEWS - The New York Times

Colliding With Death at 37,000 Feet, and Living

In a corporate jet flying 37,000 feet above the Amazon rainforest, I heard the three words I will never forget: “We’ve been hit.” Read more..

By JOE SHARKEY - The New York Times

Design Opportunities, Everywhere You Look

I’m always paying attention to design when I go places. I can’t help but look at each hotel, each aircraft interior, each terminal, with a critical eye. Read more..

By GLENN PUSHELBERG - The New York Times

G.M. Applying Its Sales Skills to Its Comeback Story

When the board of General Motors meets Tuesday it must try to answer the question: Is the company’s turnaround real? Read more..


If Preppies Took Over Wal-Mart

Wal-Mart has begun quietly testing a new look for its 1.3 million workers in the United States: khaki pants and a navy blue polo shirt. Read more..

By MICHAEL BARBARO - The New York Times

In Britain, a Breakup May Not Mean It’s Over

Lawyers say a new regulation threatens to make advertising account shifts prohibitively expensive or simply counterproductive. Read more..

By ERIC PFANNER, International Herald Tribune - The New York Times

Nasdaq Slides Again on a New Hint of Slowing Growth

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Nasdaq to Increase Annual Listing Fees

Nasdaq Stock Market Inc. plans to raise the annual fees it charges the almost 3,200 companies that list their shares on the electronic marketplace. Read more..

By BLOOMBERG NEWS - The New York Times

Telecom Deal by Singapore Roused Thais

Among the many measures of a successful foreign investment, helping to set off a coup d’état is definitely not one of them. Read more..

By WAYNE ARNOLD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL17.5718.0517.5217.9053.4M
Cisco SystemsCSCO22.8723.4922.8023.4438.2M
General ElectricGE35.5135.8835.4635.7133.1M
AT&T Inc.T32.3532.7332.2232.5518.7M
HP Inc.HPQ37.2037.5036.8537.4216.9M
Abbott LaboratoriesABT47.7547.8446.7847.6115M
Wal-Mart StoresWMT48.4649.5048.0649.4615M
Verizon CommunicationsVZ37.2337.5637.1337.4713.1M
JPMorgan ChaseJPM46.9547.9246.9447.4111.8M
Gilead SciencesGILD64.3064.5561.5262.0311.7M
Home DepotHD36.3937.0436.2536.8310.1M
Procter & GamblePG61.8962.5061.8962.308.82M
Walt Disney & Co.DIS30.4831.0530.4831.008.02M
Bristol-Myers SquibbBMY24.7524.9324.6524.827.72M
Johnson & JohnsonJNJ65.0665.6864.9765.506.94M
Wells Fargo & Co.WFC36.0536.5636.0536.496.9M
International Business MachinesIBM81.8882.2681.5681.654.84M
UnitedHealth GroupUNH49.4349.7848.9549.584.81M
United TechnologiesUTX63.6665.0063.5264.803.4M
Union PacificUNP87.1688.7086.2787.632.22M
Berkshire HathawayBRK.B3185.003240.003172.003239.5020.6K
Exchange Rates of October 3rd, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.960 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.123 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.246 CHF1 CHF = 0.803 USD
US DollarChinese Yuan1 USD = 7.907 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 150.130 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.674 GBP1 GBP = 1.483 EUR
EuroAustralian Dollar1 EUR = 1.712 AUD1 AUD = 0.584 EUR
EuroCanadian Dollar1 EUR = 1.428 CAD1 CAD = 0.700 EUR
EuroSwiss Franc1 EUR = 1.585 CHF1 CHF = 0.631 EUR
Japanese YenPound Sterling1 JPY = 0.449 GBP1 GBP = 2.228 JPY
Japanese YenAustralian Dollar1 JPY = 1.140 AUD1 AUD = 0.877 JPY
Japanese YenCanadian Dollar1 JPY = 0.951 CAD1 CAD = 1.051 JPY
Japanese YenSwiss Franc1 JPY = 1.056 CHF1 CHF = 0.947 JPY
Pound SterlingAustralian Dollar1 GBP = 2.540 AUD1 AUD = 0.394 GBP
Pound SterlingCanadian Dollar1 GBP = 2.119 CAD1 CAD = 0.472 GBP
Pound SterlingSwiss Franc1 GBP = 2.351 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.834 CAD1 CAD = 1.200 AUD
Australian DollarSwiss Franc1 AUD = 0.925 CHF1 CHF = 1.081 AUD
Canadian DollarSwiss Franc1 CAD = 1.109 CHF1 CHF = 0.901 CAD

See what else happened on October 3rd, 2006