Financial news on August 04, 2006

Business and Financial news
AOL to Cut 5,000 Jobs in Web Access Business

AOL will eliminate more than one-quarter of its work force as it shifts to free services supported by advertising. Read more..

By SAUL HANSELL - The New York Times

A Trader’s Train to Wall Street, Conn.

Thousands of young financial workers ride the rails from Midtown to Connecticut every weekday morning. Read more..

By MICHAEL S. SCHMIDT - The New York Times

Disappointing Earnings Send Sprint Share Price Tumbling

Sprint Nextel reported disappointing second-quarter earnings Thursday, including slower growth than expected in its subscriber base. Read more..

By MATT RICHTEL - The New York Times

Hedge Funds Are Back (Were They Ever Gone?)

Another star of finance is doing what all good stars do these days: start a really, really big hedge fund. Read more..

By JENNY ANDERSON - The New York Times

I.B.M. to Buy Maker of Software That Monitors Equipment

I.B.M. plans to buy MRO Software for $740 million, underlining the increasing importance of software to the company’s big services business. Read more..

By STEVE LOHR - The New York Times

Insurer Settles Charges Over Its Sales to Soldiers

The American Amicable Life Insurance Company was accused of deceiving thousands of U.S. service members. Read more..

By DIANA B. HENRIQUES - The New York Times

Opposing Experts Square Off Over Grasso’s Pay

A jury will begin hearing testimony in the lawsuit filed against Richard A. Grasso by Eliot Spitzer, the New York attorney general. Read more..

By GRETCHEN MORGENSON - The New York Times

Royal Philips Sells Unit for $4.4 Billion

Three private equity firms agreed Thursday to buy the semiconductor unit of Royal Philips Electronics. Read more..

By BLOOMBERG NEWS - The New York Times

SL Green Acquires Reckson Associates for $4 Billion

The owner of such prominent Manhattan office towers as the Graybar building and 100 Park Avenue said it would buy its rival. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Unilever’s Profit Falls Short of Expectations

The conglomerate, whose brands include Knorr soup, Lipton tea and Dove soap, said sales growth slowed and ingredient prices increased. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 17.65 17.66 17.10 17.24 66.8M
Apple AAPL 67.05 68.61 64.96 68.30 66.2M
Intel INTC 17.61 17.67 17.26 17.49 53M
Microsoft MSFT 24.40 24.49 24.15 24.29 45.7M
Bristol-Myers Squibb BMY 23.00 23.00 21.75 22.75 36.9M
Oracle Corp. ORCL 14.84 14.87 14.49 14.62 35.9M
Pfizer PFE 25.88 26.03 25.73 25.98 31.7M
ExxonMobil XOM 68.60 68.82 67.94 68.69 21.5M
AT&T Inc. T 30.94 31.08 30.75 30.97 18.5M
General Electric GE 32.91 32.99 32.60 32.80 16M
Amgen AMGN 70.43 70.75 68.00 68.79 14.5M
JPMorgan Chase JPM 45.96 46.10 44.12 45.12 14.1M
HP Inc. HPQ 32.88 33.06 32.23 32.44 12.2M
Home Depot HD 35.20 35.22 34.36 34.71 10.6M
Amazon AMZN 26.94 27.59 26.80 27.29 10.3M
Alphabet GOOGL 379.56 380.68 371.75 373.85 10.2M
Walt Disney & Co. DIS 30.08 30.12 29.60 29.90 10M
Wal-Mart Stores WMT 45.15 45.45 44.65 44.87 9.73M
Comcast CMCSA 35.27 35.31 34.54 34.84 9.47M
Abbott Laboratories ABT 47.60 47.60 46.96 47.24 9.42M
Schlumberger SLB 67.43 67.95 64.86 65.15 7.95M
Verizon Communications VZ 33.74 33.87 33.50 33.77 7.93M
Procter & Gamble PG 59.65 59.76 59.09 59.45 7.89M
Merck MRK 41.64 41.78 40.97 41.35 7.72M
Chevron CVX 65.97 66.04 64.96 65.66 7.63M
ConocoPhillips COP 69.50 69.68 67.92 68.52 7.27M
Johnson & Johnson JNJ 63.25 63.70 63.18 63.53 6.65M
Wells Fargo & Co. WFC 73.18 73.78 72.82 73.00 5.49M
UnitedHealth Group UNH 48.29 49.10 47.91 48.56 5.25M
McDonald's MCD 35.98 36.06 35.23 35.41 5.14M
International Business Machines IBM 76.65 76.77 75.32 75.91 5.06M
Coca-Cola KO 44.19 44.20 43.75 43.85 4.89M
3M MMM 69.90 70.29 69.06 69.45 4.13M
Altria MO 80.75 80.75 79.73 79.90 3.87M
Boeing BA 80.16 80.70 79.15 79.49 3.6M
Pepsico PEP 62.80 63.37 62.55 63.17 3.07M
United Technologies UTX 63.24 63.40 61.78 62.57 2.7M
Union Pacific UNP 86.42 87.69 83.15 83.85 2.58M
Gilead Sciences GILD 62.80 63.00 60.91 61.33 2.11M
Berkshire Hathaway BRK.B 3042.00 3055.00 3042.00 3050.00 13.3K
Exchange Rates of August 04, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.400 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.128 CAD 1 CAD = 0.886 USD
US Dollar Swiss Franc 1 USD = 1.222 CHF 1 CHF = 0.818 USD
US Dollar Chinese Yuan 1 USD = 7.974 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 147.310 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.482 EUR
Euro Australian Dollar 1 EUR = 1.682 AUD 1 AUD = 0.595 EUR
Euro Canadian Dollar 1 EUR = 1.453 CAD 1 CAD = 0.688 EUR
Euro Swiss Franc 1 EUR = 1.574 CHF 1 CHF = 0.635 EUR
Japanese Yen Pound Sterling 1 JPY = 0.458 GBP 1 GBP = 2.184 JPY
Japanese Yen Australian Dollar 1 JPY = 1.141 AUD 1 AUD = 0.877 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.985 CAD 1 CAD = 1.016 JPY
Japanese Yen Swiss Franc 1 JPY = 1.069 CHF 1 CHF = 0.936 JPY
Pound Sterling Australian Dollar 1 GBP = 2.492 AUD 1 AUD = 0.401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.153 CAD 1 CAD = 0.465 GBP
Pound Sterling Swiss Franc 1 GBP = 2.332 CHF 1 CHF = 0.429 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.863 CAD 1 CAD = 1.158 AUD
Australian Dollar Swiss Franc 1 AUD = 0.935 CHF 1 CHF = 1.069 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.085 CHF 1 CHF = 0.922 CAD

See what else happened on August 04, 2006