Financial news on December 6th, 2006

Business and Financial news
In Eastern Europe, a Switch to the Euro Comes Slowly

Across much of the region this year, target dates for euro adoption are being pushed back to 2009 or beyond with regularity. Read more..

By CARTER DOUGHERTY - The New York Times Moves to Keep Sex Offenders Off of Its Site, the social networking site, said Tuesday that it would begin cross-referencing its users against state databases of registered sex offenders. Read more..

By MATT RICHTEL - The New York Times

Rise in Unit Labor Costs Revised Downward, Reducing Inflation Fears

The revised report helped to ease concerns that inflation has been running too high, but it also showed that workers earned far less than first estimated. Read more..

By JEREMY W. PETERS - The New York Times

S.E.C. Calls Pequot Study Thorough

The S.E.C. on Tuesday defended its investigation of Pequot Capital Management, saying it was professional, thorough and untainted by outside political influence. Read more..

By WALT BOGDANICH - The New York Times

U.S. Giving Bank’s Papers to Lawyers in KPMG Suit

By giving the lawyers the Deutsche Bank documents, prosecutors may be hoping to entice one of the KPMG defendants to cooperate in a separate case against the bank. Read more..

By LYNNLEY BROWNING - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.3918.4217.7817.8894.9M
General ElectricGE35.3535.4535.0735.1140.3M
Cisco SystemsCSCO27.1227.2726.9527.0934.1M
AT&T Inc.T34.6834.8134.2534.7822.8M
Home DepotHD39.5240.1139.2639.9217.9M
HP Inc.HPQ39.9140.2639.8940.1417.1M
Verizon CommunicationsVZ34.5835.0834.4834.9515.9M
JPMorgan ChaseJPM47.0747.2546.7646.8314.2M
Abbott LaboratoriesABT48.5748.6347.8748.0110.3M
Wal-Mart StoresWMT46.4846.7546.3646.549.84M
UnitedHealth GroupUNH49.0349.1448.7249.019.8M
Walt Disney & Co.DIS34.0334.1933.8734.108.22M
Johnson & JohnsonJNJ66.2566.2565.8066.037.1M
Bristol-Myers SquibbBMY25.2925.4425.0025.396.37M
International Business MachinesIBM94.7094.8794.0194.125.95M
Procter & GamblePG63.5763.8163.2963.805.55M
Wells Fargo & Co.WFC35.6235.6835.5135.525.1M
United TechnologiesUTX64.7864.9864.5664.963.8M
Gilead SciencesGILD67.9268.1467.1868.102.97M
Union PacificUNP95.7595.8093.5093.642.86M
Berkshire HathawayBRK.B3586.003666.003578.003632.0019.1K
Exchange Rates of December 6th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.250 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.148 CAD1 CAD = 0.871 USD
US DollarSwiss Franc1 USD = 1.196 CHF1 CHF = 0.836 USD
US DollarChinese Yuan1 USD = 7.823 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 153.100 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.480 EUR
EuroAustralian Dollar1 EUR = 1.693 AUD1 AUD = 0.591 EUR
EuroCanadian Dollar1 EUR = 1.524 CAD1 CAD = 0.656 EUR
EuroSwiss Franc1 EUR = 1.589 CHF1 CHF = 0.629 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.268 JPY
Japanese YenAustralian Dollar1 JPY = 1.105 AUD1 AUD = 0.905 JPY
Japanese YenCanadian Dollar1 JPY = 0.995 CAD1 CAD = 1.005 JPY
Japanese YenSwiss Franc1 JPY = 1.038 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.506 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.257 CAD1 CAD = 0.443 GBP
Pound SterlingSwiss Franc1 GBP = 2.352 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.900 CAD1 CAD = 1.111 AUD
Australian DollarSwiss Franc1 AUD = 0.938 CHF1 CHF = 1.066 AUD
Canadian DollarSwiss Franc1 CAD = 1.042 CHF1 CHF = 0.960 CAD

See what else happened on December 6th, 2006