Financial news on October 6th, 2006

Business and Financial news
A Top Retail Analyst Takes Her Rolodex Into Independent Research

After Wall Street made a settlement with regulators over conflicts involving research analysts, the value of research has come increasingly into question. Read more..

By MICHAEL J. de la MERCED - The New York Times

Conoco and EnCana Plan Oil Sands Venture

ConocoPhillips said it would combine ownership of its refineries in Texas with Canadian oil sands properties controlled by EnCana. Read more..

By IAN AUSTEN - The New York Times

Europeans Raise Rates a Quarter-Point and Hint at Another Increase Ahead

Citing a risk of higher inflation, the European Central Bank raised its interest rate to 3.25 percent. Read more..

By CARTER DOUGHERTY - The New York Times

Ford Interest in Alliance Apparently Has Waned

With the hiring of a new chief executive, Ford is said to believe it can resolve its financial crisis without any outside help. Read more..

By NICK BUNKLEY - The New York Times

Gary C. Comer, 78, Founder of Lands’ End, Dies

Gary C. Comer was the founder of the mail-order apparel company who printed a glossy catalog in the 1960’s that became a prototype of the magazinelike catalogs of today. Read more..

By DENNIS HEVESI - The New York Times

Merger Banker Is Joining Apax After a Hiatus

Former Goldman Sachs banker E. Scott Mead is said to be joining the British private equity firm Apax Partners. Read more..

By ANDREW ROSS SORKIN - The New York Times

Subsidies Keep Airlines Flying to Small Towns

More than 100 remote cities benefit from federally subsidized airline service, a program critics say is expensive and unessential. Read more..

By JEFF BAILEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23,7924,2023,7424,0948.9M
Oracle Corp.ORCL18,1518,4618,1318,1933.1M
General ElectricGE36,2936,3035,8836,1418.8M
AT&T Inc.T31,9132,1331,5731,7818.5M
Abbott LaboratoriesABT46,3046,5046,0746,1915.6M
Wal-Mart StoresWMT48,3648,9848,2448,3215.4M
Verizon CommunicationsVZ36,7836,8636,5436,8014M
HP Inc.HPQ37,5538,0537,4837,7213.7M
Home DepotHD37,0637,2536,8037,1410.9M
JPMorgan ChaseJPM47,1047,2046,7846,8610.7M
UnitedHealth GroupUNH50,6952,6150,5651,509.8M
Walt Disney & Co.DIS31,1431,3930,8631,347.45M
Bristol-Myers SquibbBMY24,3724,5724,3024,427.16M
Johnson & JohnsonJNJ65,0165,1664,8665,067.13M
Procter & GamblePG63,2963,3162,7263,097.07M
International Business MachinesIBM82,9383,7882,5083,145.34M
Wells Fargo & Co.WFC36,3736,4536,2036,344.83M
Gilead SciencesGILD65,4165,6664,8065,353.04M
United TechnologiesUTX65,8465,9565,0365,412.5M
Union PacificUNP89,5089,5688,5188,861.26M
Berkshire HathawayBRK.B3281,003293,003260,003280,0012K
Exchange Rates of October 6th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119,010 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,125 CAD1 CAD = 0,889 USD
US DollarSwiss Franc1 USD = 1,260 CHF1 CHF = 0,794 USD
US DollarChinese Yuan1 USD = 7,907 CNY1 CNY = 0,126 USD
EuroJapanese Yen1 EUR = 149,950 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,673 GBP1 GBP = 1,485 EUR
EuroAustralian Dollar1 EUR = 1,696 AUD1 AUD = 0,590 EUR
EuroCanadian Dollar1 EUR = 1,418 CAD1 CAD = 0,705 EUR
EuroSwiss Franc1 EUR = 1,588 CHF1 CHF = 0,630 EUR
Japanese YenPound Sterling1 JPY = 0,449 GBP1 GBP = 2,228 JPY
Japanese YenAustralian Dollar1 JPY = 1,131 AUD1 AUD = 0,884 JPY
Japanese YenCanadian Dollar1 JPY = 0,945 CAD1 CAD = 1,058 JPY
Japanese YenSwiss Franc1 JPY = 1,059 CHF1 CHF = 0,945 JPY
Pound SterlingAustralian Dollar1 GBP = 2,519 AUD1 AUD = 0,397 GBP
Pound SterlingCanadian Dollar1 GBP = 2,105 CAD1 CAD = 0,475 GBP
Pound SterlingSwiss Franc1 GBP = 2,357 CHF1 CHF = 0,424 GBP
Australian DollarCanadian Dollar1 AUD = 0,835 CAD1 CAD = 1,197 AUD
Australian DollarSwiss Franc1 AUD = 0,935 CHF1 CHF = 1,069 AUD
Canadian DollarSwiss Franc1 CAD = 1,119 CHF1 CHF = 0,893 CAD

See what else happened on October 6th, 2006