Financial news on December 5th, 2006

Business and Financial news
Airbus Says It Can Finance Plane Project

Airbus said Monday it will not seek government-backed financing for its new A350 XWB, avoiding another round of trans-Atlantic recriminations over aircraft subsidies. Read more..

By CARTER DOUGHERTY - The New York Times

As Auto Prosperity Shifts South, Two Towns Offer a Study in Contrasts

Two towns, one in Michigan and one in Kentucky, show the effects of the U.S. auto industry, and the prosperity that accompanies it, shifting to the south. Read more..


Bank of New York and Mellon Will Merge

The $16.5 billion deal will create a securities-processing powerhouse in a little-noticed corner of the financial world. Read more..

By ERIC DASH - The New York Times

BEA, a Software Maker, to Restate Results

BEA Systems said Monday that it would restate results to reflect expenses associated with misdated stock option grants. Read more..

By BLOOMBERG NEWS - The New York Times

Britain: Premier Foods Buys a Rival

Premier Foods, a large owner of food brands, has agreed to buy a rival, RHM, for £1.2 billion ($2.4 billion) in stock and cash. The takeover will unite more than 40 British brands across baking, spreads and sauces. RHM said at least one of its bra... Read more..

By BLOOMBERG NEWS - The New York Times

Icahn Tries a Solo Bid for Reckson but Is Rejected

Board members of the Reckson Associates Realty Corporation voted Monday night to rebuff a second attempt by Carl C. Icahn to buy their company. Read more..

By TERRY PRISTIN - The New York Times

Morgan Stanley in Another Deal for a Hedge Fund

The acquisition of Brookville Capital Management is the firm’s fourth investment in a hedge fund in two months. Read more..

By BLOOMBERG NEWS - The New York Times

NBC Universal Names Ad Chief

NBC Universal yesterday named Michael Pilot, a General Electric executive since 2002, as president of its advertising sales division. Read more..

By THE NEW YORK TIMES - The New York Times

Seat-of-the-Pants Tourism Without Belt or Suspenders

My wife, Debra, believes in something she calls “travel by serendipity” — no reservations, and let’s see what wonderful things we find. Read more..

By AMIR D. ACZEL - The New York Times

Troubling ’07 Forecast for the Old-Line Media but Not for the Online

Forecasters predict flat growth at best in ad spending in the traditional media next year, but expect high double-digit percentage gains in online advertising. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL19.3219.3318.7818.8654.9M
Cisco SystemsCSCO27.4027.4427.0027.0443.1M
General ElectricGE35.3935.5035.1335.2730.2M
AT&T Inc.T34.1734.6834.0734.6820.1M
Verizon CommunicationsVZ34.9834.9934.4334.5814.8M
Walt Disney & Co.DIS33.4434.2033.3834.2013.7M
HP Inc.HPQ39.8140.0139.7339.9113.2M
Home DepotHD39.2039.7039.0339.3711.9M
JPMorgan ChaseJPM46.9047.5046.7747.2010.7M
Wal-Mart StoresWMT46.2546.5546.0746.4810.5M
Abbott LaboratoriesABT48.2048.7048.1648.2910M
Wells Fargo & Co.WFC35.5035.5735.3135.528.8M
Bristol-Myers SquibbBMY25.2425.4524.9125.297.2M
International Business MachinesIBM93.6094.6493.4494.486.89M
Johnson & JohnsonJNJ66.3566.3765.9466.176.56M
Procter & GamblePG63.4263.9663.3063.516.03M
UnitedHealth GroupUNH49.1049.1748.6848.884.6M
Gilead SciencesGILD67.6068.0067.0067.704.41M
Union PacificUNP92.7396.1692.4595.953.16M
United TechnologiesUTX64.8465.1764.5264.722.88M
Berkshire HathawayBRK.B3565.003612.003565.003604.0021.8K
Exchange Rates of December 5th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.880 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.142 CAD1 CAD = 0.875 USD
US DollarSwiss Franc1 USD = 1.192 CHF1 CHF = 0.839 USD
US DollarChinese Yuan1 USD = 7.824 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 152.990 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.482 EUR
EuroAustralian Dollar1 EUR = 1.693 AUD1 AUD = 0.591 EUR
EuroCanadian Dollar1 EUR = 1.521 CAD1 CAD = 0.657 EUR
EuroSwiss Franc1 EUR = 1.588 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.269 JPY
Japanese YenAustralian Dollar1 JPY = 1.106 AUD1 AUD = 0.904 JPY
Japanese YenCanadian Dollar1 JPY = 0.994 CAD1 CAD = 1.006 JPY
Japanese YenSwiss Franc1 JPY = 1.038 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.509 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.254 CAD1 CAD = 0.444 GBP
Pound SterlingSwiss Franc1 GBP = 2.352 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.898 CAD1 CAD = 1.114 AUD
Australian DollarSwiss Franc1 AUD = 0.937 CHF1 CHF = 1.067 AUD
Canadian DollarSwiss Franc1 CAD = 1.044 CHF1 CHF = 0.958 CAD

See what else happened on December 5th, 2006