Financial news on December 5th, 2006
Business and Financial news
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..
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..
The $16.5 billion deal will create a securities-processing powerhouse in a little-noticed corner of the financial world. Read more..
BEA Systems said Monday that it would restate results to reflect expenses associated with misdated stock option grants. Read more..
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..
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..
The acquisition of Brookville Capital Management is the firm’s fourth investment in a hedge fund in two months. Read more..
NBC Universal yesterday named Michael Pilot, a General Electric executive since 2002, as president of its advertising sales division. Read more..
My wife, Debra, believes in something she calls “travel by serendipity” — no reservations, and let’s see what wonderful things we find. Read more..
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..
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 5th, 2006
| Currencies | Exchange 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 5th, 2006