Financial news on November 7th, 2006

Business and Financial news
Holiday Marketers Play the Humor Card

The advertising approach for the coming holiday shopping season is shaping up as more ha-ha-ha than ho-ho-ho. Read more..

By STUART ELLIOTT - The New York Times

India: Foreign Investments Approved

India has approved 32 foreign investment proposals worth 2.5 billion rupees ($56 million), the largest an investment of 1.4 billion rupees ($31 million) by the Walt Disney Company in United Home Entertainment, a leading entertainment company that ... Read more..

By SARITHA RAI - The New York Times

India: McDonald’s Is Expanding

McDonald’s India said it planned to build 15 restaurants in the Eastern Indian city of Calcutta, home to the country’s only communist government, in the next five years. “In the past few years, Kolkata has witnessed very encouraging economic growt... Read more..

By SARITHA RAI - The New York Times

Mechanics at Northwest Ratify Accord

Northwest Airlines mechanics, replaced after going on strike in 2005, have ratified a contract that pays them to leave the bankrupt carrier or gives them a chance to reapply for their jobs. Read more..

By BLOOMBERG NEWS - The New York Times

Medarex Chief Leaves

Medarex Inc., a drug developer, said that Donald L. Drakeman, its president and chief executive, had stepped down amid inquiries into the dating of company stock options. Read more..

By BLOOMBERG NEWS - The New York Times

MySpace Aims for a Global Audience, and Finds Some Stiff Competition

MySpace is aggressively trying to move into overseas markets, where people already have different habits about socializing online. Read more..

By ROBERT LEVINE - The New York Times

No Deal Made to Free Actor in Tax Case, Prosecutors Say

Wesley Snipes remains a federal fugitive, and the government is negotiating with him, a U.S. attorney’s spokesman said. Read more..

By DAVID CAY JOHNSTON - The New York Times

Parent of Outback Steakhouse Is Sold in $3.2 Billion Deal

The company said that it would be acquired by Bain Capital and Catterton Partners in one of the biggest restaurant deals ever. Read more..

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

Time to Consider Motel 5.5?

Some hotel analysts are predicting a potential downturn in the fortunes of hotel companies as businesses cut back. Read more..

By JANE L. LEVERE - The New York Times

To Do List: Rename Laptop Files ‘Grandma’s Favorite Recipes’

Travelers say that they see laptops being opened, turned on and briefly scrutinized by customs agents, evidently at random. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.8225.0124.5724.8476.1M
Oracle Corp.ORCL18.1218.2517.9918.2027.3M
General ElectricGE35.3535.6535.2735.5424.4M
Wal-Mart StoresWMT47.6947.9947.4147.6517.9M
Home DepotHD37.1637.4837.1137.2317.4M
AT&T Inc.T34.3034.5034.2034.3017.1M
Verizon CommunicationsVZ37.0737.1136.8036.8712.5M
Walt Disney & Co.DIS32.4933.0232.4232.8511.9M
Abbott LaboratoriesABT47.3548.3247.3147.8611.5M
HP Inc.HPQ38.8338.9938.6338.7010.8M
Johnson & JohnsonJNJ68.1769.0368.1468.7110.7M
UnitedHealth GroupUNH48.7650.0048.3549.579.39M
JPMorgan ChaseJPM47.5048.0047.4747.498.54M
Bristol-Myers SquibbBMY24.8025.1624.6325.088.09M
Procter & GamblePG63.5664.3863.4264.117.8M
International Business MachinesIBM92.4293.4092.4192.457.31M
Wells Fargo & Co.WFC36.3536.5736.2036.396.88M
Gilead SciencesGILD68.5969.9068.1769.753.3M
United TechnologiesUTX65.2865.8964.9565.512.92M
Union PacificUNP91.3192.2991.0691.061.44M
Berkshire HathawayBRK.B3560.003582.503552.003571.0025.3K
Exchange Rates of November 7th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.670 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.130 CAD1 CAD = 0.885 USD
US DollarSwiss Franc1 USD = 1.249 CHF1 CHF = 0.800 USD
US DollarChinese Yuan1 USD = 7.875 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 150.320 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.492 EUR
EuroAustralian Dollar1 EUR = 1.650 AUD1 AUD = 0.606 EUR
EuroCanadian Dollar1 EUR = 1.443 CAD1 CAD = 0.693 EUR
EuroSwiss Franc1 EUR = 1.596 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.446 GBP1 GBP = 2.245 JPY
Japanese YenAustralian Dollar1 JPY = 1.097 AUD1 AUD = 0.911 JPY
Japanese YenCanadian Dollar1 JPY = 0.959 CAD1 CAD = 1.042 JPY
Japanese YenSwiss Franc1 JPY = 1.062 CHF1 CHF = 0.942 JPY
Pound SterlingAustralian Dollar1 GBP = 2.463 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.153 CAD1 CAD = 0.465 GBP
Pound SterlingSwiss Franc1 GBP = 2.381 CHF1 CHF = 0.420 GBP
Australian DollarCanadian Dollar1 AUD = 0.874 CAD1 CAD = 1.145 AUD
Australian DollarSwiss Franc1 AUD = 0.966 CHF1 CHF = 1.035 AUD
Canadian DollarSwiss Franc1 CAD = 1.106 CHF1 CHF = 0.904 CAD

See what else happened on November 7th, 2006