Financial news on March 06, 2006

Business and Financial news
General Motors Board May Review Cerberus Bid for GMAC

General Motors Corp.’s board may review a bid for a majority of its finance unit today as the automaker seeks preliminary agreement on a sale this month, Bloomberg reported. The leading offer for 51 percent of General Motors Acceptance Corp. comes from a group led by buyout firm Cerberus Capital Management LP. Go to Article […] Read more..

By WRITER - The New York Times

HSBC Reports Record Profit

HSBC Holdings Plc, Europe’s biggest bank by market value, reported a 17 percent increase in 2005 profit, helped by consumer lending outside Britain. Net income rose to $15.08 billion from $12.92 billion a year earlier, the London-based lender said today in a Regulatory News Service statement. That beat the $14.51 billion median estimate of 11 […] Read more..

By WRITER - The New York Times

Phone Giants Line Up All-Star Antitrust Team

It’s too early to tell whether AT&T and BellSouth will hit any regulatory snags in their proposed $67 billion merger. Given the roster of high-powered antitrust lawyers they’re bringing into the deal, though, it’s clear they aren’t taking any chances. AT&T has turned to Washington, D.C.-based Arnold & Porter for antitrust advice. That’s the same […] Read more..

By DEALBOOK - The New York Times

Spanish Giant May Be Weighing Bid for BAA

BAA is on alert as speculation swirled in Madrid that a Spanish-led consortium could launch a 10 billion pound assault in the next week. The consortium is being spearheaded by Spanish construction giant Ferrovial, chaired by Spanish multi-millionaire Rafael de Pino. He is believed to be on the verge of receiving financial backing from Santander, […] Read more..

By WRITER - The New York Times

Two Knight Ridder Suitors Losing Interest

Two groups of private investment firms that have been weighing takeover offers for newspaper chain Knight Ridder appear to be fading as serious contenders for the San Jose, Calif.-based company. A group made up of Kohlberg Kravis Roberts & Co., Blackstone Group and Providence Equity Partners and a second composed of Bain Capital, Hellman & […] Read more..

By WRITER - The New York Times

UPDATE: Is NBC Stealing iVillage at $600 Million?

As NBC Universal unveils its $600 million deal for women’s Internet network iVillage, venture capitalist Paul Kedrosky crunches the numbers. His conclusion: “This is an unqualified good deal for NBC,” he writes, comparing the price tag to last year’s $580 million purchase of MySpace by News Corporation. [General Electric‘s] NBC unit isn’t paying anything like […] Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 20.95 21.48 20.88 21.05 85.2M
Intel INTC 20.41 20.56 20.23 20.30 81.7M
AT&T Inc. T 27.34 27.70 26.78 27.02 62.6M
Microsoft MSFT 26.92 27.15 26.83 26.91 53.1M
Oracle Corp. ORCL 12.79 12.96 12.73 12.77 48.6M
Apple AAPL 67.60 67.72 64.94 65.48 32.6M
General Electric GE 33.11 33.25 32.95 33.10 21.4M
Pfizer PFE 26.16 26.40 25.94 25.98 21M
Verizon Communications VZ 33.70 34.21 33.17 33.73 21M
Alphabet GOOGL 380.66 383.40 367.14 368.10 17.9M
ExxonMobil XOM 60.95 61.09 59.94 59.98 16.3M
Comcast CMCSA 27.11 27.32 26.91 27.06 11.9M
HP Inc. HPQ 33.30 33.54 32.58 32.86 11.1M
JPMorgan Chase JPM 41.48 41.81 41.14 41.43 9.78M
Wal-Mart Stores WMT 45.50 45.54 44.97 45.12 9.75M
Chevron CVX 56.75 56.86 55.81 55.85 9.68M
ConocoPhillips COP 62.10 62.35 60.54 60.58 9.37M
Home Depot HD 42.16 42.18 41.54 41.65 8.2M
Merck MRK 35.11 35.35 34.80 34.96 8.01M
Walt Disney & Co. DIS 28.15 28.22 27.88 27.88 7.48M
Johnson & Johnson JNJ 57.57 58.07 57.51 57.85 7.35M
Amgen AMGN 75.17 75.50 73.50 73.55 7.09M
Abbott Laboratories ABT 43.80 44.13 43.56 43.68 7.06M
Schlumberger SLB 121.75 121.76 117.05 117.34 6.31M
Altria MO 72.11 72.35 71.42 71.50 6.05M
UnitedHealth Group UNH 56.30 56.78 56.24 56.70 5.8M
Coca-Cola KO 41.77 42.19 41.70 41.95 5.47M
Bristol-Myers Squibb BMY 22.93 23.01 22.74 22.81 4.83M
International Business Machines IBM 80.05 80.64 79.90 80.00 4.71M
Procter & Gamble PG 59.55 59.96 59.50 59.67 4.55M
Amazon AMZN 37.23 37.58 36.77 36.86 4.26M
McDonald's MCD 34.61 34.96 34.57 34.67 4.14M
Wells Fargo & Co. WFC 63.69 63.89 63.41 63.72 3.86M
3M MMM 72.46 72.80 71.54 71.95 3.59M
Pepsico PEP 59.32 59.69 59.32 59.68 3.51M
United Technologies UTX 57.90 57.95 57.40 57.72 3.3M
Gilead Sciences GILD 60.20 60.37 58.85 59.50 2.77M
Boeing BA 73.70 73.71 72.30 72.63 2.35M
Union Pacific UNP 89.40 89.55 88.30 88.38 1.2M
Berkshire Hathaway BRK.B 2928.00 2945.00 2920.00 2938.50 19.6K
Exchange Rates of March 06, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.550 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.139 CAD 1 CAD = 0.878 USD
US Dollar Swiss Franc 1 USD = 1.298 CHF 1 CHF = 0.770 USD
US Dollar Chinese Yuan 1 USD = 8.035 CNY 1 CNY = 0.124 USD
Euro Japanese Yen 1 EUR = 141.250 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.687 GBP 1 GBP = 1.456 EUR
Euro Australian Dollar 1 EUR = 1.622 AUD 1 AUD = 0.616 EUR
Euro Canadian Dollar 1 EUR = 1.368 CAD 1 CAD = 0.731 EUR
Euro Swiss Franc 1 EUR = 1.560 CHF 1 CHF = 0.641 EUR
Pound Sterling Australian Dollar 1 GBP = 2.363 AUD 1 AUD = 0.423 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.993 CAD 1 CAD = 0.502 GBP
Pound Sterling Swiss Franc 1 GBP = 2.272 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.843 CAD 1 CAD = 1.186 AUD
Australian Dollar Swiss Franc 1 AUD = 0.961 CHF 1 CHF = 1.040 AUD

See what else happened on March 06, 2006