Financial news on December 05, 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..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 24.99 25.13 24.58 24.82 119M
Oracle Corp. ORCL 19.32 19.33 18.78 18.86 54.9M
Microsoft MSFT 29.36 29.40 29.03 29.13 45.6M
Cisco Systems CSCO 27.40 27.44 27.00 27.04 43.1M
Intel INTC 21.21 21.40 21.11 21.12 33.7M
General Electric GE 35.39 35.50 35.13 35.27 30.2M
Apple AAPL 91.66 92.33 90.87 91.27 23.7M
ExxonMobil XOM 78.11 78.52 77.47 78.06 20.1M
AT&T Inc. T 34.17 34.68 34.07 34.68 20.1M
ConocoPhillips COP 67.80 68.63 67.06 68.09 17.7M
Verizon Communications VZ 34.98 34.99 34.43 34.58 14.8M
Comcast CMCSA 41.05 42.27 40.99 41.83 14.5M
Walt Disney & Co. DIS 33.44 34.20 33.38 34.20 13.7M
HP Inc. HPQ 39.81 40.01 39.73 39.91 13.2M
Coca-Cola KO 46.99 48.00 46.85 48.00 13.2M
Home Depot HD 39.20 39.70 39.03 39.37 11.9M
JPMorgan Chase JPM 46.90 47.50 46.77 47.20 10.7M
Wal-Mart Stores WMT 46.25 46.55 46.07 46.48 10.5M
Abbott Laboratories ABT 48.20 48.70 48.16 48.29 10M
Schlumberger SLB 68.74 69.00 67.12 67.31 9.73M
Merck MRK 44.55 45.71 44.55 45.01 9.52M
Amgen AMGN 69.35 69.40 68.50 69.06 9.51M
Wells Fargo & Co. WFC 35.50 35.57 35.31 35.52 8.8M
Altria MO 84.43 84.61 83.83 84.03 8.77M
Chevron CVX 73.66 74.17 72.78 73.95 8.26M
Alphabet GOOGL 487.40 489.44 484.89 487.00 8.2M
Bristol-Myers Squibb BMY 25.24 25.45 24.91 25.29 7.2M
International Business Machines IBM 93.60 94.64 93.44 94.48 6.89M
Pepsico PEP 62.90 64.17 62.90 63.87 6.82M
McDonald's MCD 42.51 43.43 42.51 42.75 6.71M
Johnson & Johnson JNJ 66.35 66.37 65.94 66.17 6.56M
Procter & Gamble PG 63.42 63.96 63.30 63.51 6.03M
Amazon AMZN 39.13 39.30 38.72 38.98 5.74M
UnitedHealth Group UNH 49.10 49.17 48.68 48.88 4.6M
Gilead Sciences GILD 67.60 68.00 67.00 67.70 4.41M
Boeing BA 89.59 91.10 89.17 90.73 4.39M
Union Pacific UNP 92.73 96.16 92.45 95.95 3.16M
United Technologies UTX 64.84 65.17 64.52 64.72 2.88M
3M MMM 79.65 81.05 79.65 80.56 2.73M
Berkshire Hathaway BRK.B 3565.00 3612.00 3565.00 3604.00 21.8K
Exchange Rates of December 05, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.880 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.142 CAD 1 CAD = 0.875 USD
US Dollar Swiss Franc 1 USD = 1.192 CHF 1 CHF = 0.839 USD
US Dollar Chinese Yuan 1 USD = 7.824 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 152.990 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.482 EUR
Euro Australian Dollar 1 EUR = 1.693 AUD 1 AUD = 0.591 EUR
Euro Canadian Dollar 1 EUR = 1.521 CAD 1 CAD = 0.657 EUR
Euro Swiss Franc 1 EUR = 1.588 CHF 1 CHF = 0.630 EUR
Japanese Yen Pound Sterling 1 JPY = 0.441 GBP 1 GBP = 2.269 JPY
Japanese Yen Australian Dollar 1 JPY = 1.106 AUD 1 AUD = 0.904 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.994 CAD 1 CAD = 1.006 JPY
Japanese Yen Swiss Franc 1 JPY = 1.038 CHF 1 CHF = 0.964 JPY
Pound Sterling Australian Dollar 1 GBP = 2.509 AUD 1 AUD = 0.399 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.254 CAD 1 CAD = 0.444 GBP
Pound Sterling Swiss Franc 1 GBP = 2.352 CHF 1 CHF = 0.425 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.898 CAD 1 CAD = 1.114 AUD
Australian Dollar Swiss Franc 1 AUD = 0.937 CHF 1 CHF = 1.067 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.044 CHF 1 CHF = 0.958 CAD

See what else happened on December 05, 2006