Financial news on September 7th, 2006

Business and Financial news
Britain: Layoffs at Kellogg

The Kellogg Company said that it would cut about 220 jobs at its factory in Manchester, England, to counter rising expenses for fuel and commodities. Eliminating the hourly and salaried positions will cost $60 million, the company said in a filing... Read more..

By BLOOMBERG NEWS - The New York Times

Coming Soon, to the Seat Next to You

The Creative Zen Vision W's screen is big enough to share movies and photos with your subway seatmates. Read more..

By JOHN BIGGS - The New York Times

In a Sea of Cellphones, a Pearl

The BlackBerry Pearl is a do-everything device that comes closer to the perfect cellphone than anything before it. Read more..

By DAVID POGUE - The New York Times

Labor Costs Shake a Pillar of Fed Policy

A new report suggested that the threat of higher inflation had not diminished and that it may take more monetary restraint to hold prices down. Read more..

By JEREMY W. PETERS - The New York Times

Magazines Going to the Web to Get Students to Read

A new initiative will deliver magazine subscriptions to college students via e-mail as a way to introduce them to a digital format that might stand up to print. Read more..

By JULIE BOSMAN - The New York Times

Merck Inquiry Backs Conduct Over Vioxx

An investigator hired by the company’s board found that Merck took “reasonable steps” to research Vioxx’s health risks. Read more..

By ALEX BERENSON - The New York Times

Options Data Sought From Home Depot

Home Depot said that federal prosecutors had requested information regarding its stock options practices. Read more..

By BLOOMBERG NEWS - The New York Times

Rivals May Challenge a Proposed Vivendi-Bertelsmann Deal

Bertelsmann agreed to sell its music publishing business to a French rival, Vivendi, but an association of independent competitors immediately promised to challenge the deal. Read more..

By DOREEN CARVAJAL - The New York Times

Safely Removing Reluctant Hardware

Why is it that my Windows computer sometimes will not let me unplug my U.S.B. flash drive? Read more..

By J.D. BIERSDORFER - The New York Times

With a Little Stealth, Just About Anyone Can Get Phone Records

Legislators, regulators and the phone industry are all considering ways to clamp down on unauthorized releases of phone records like those in the Hewlett-Packard case. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL15,6416,2015,5816,0177.4M
Cisco SystemsCSCO21,5321,8021,1821,5456.1M
General ElectricGE33,8534,1533,8334,0429.8M
Wal-Mart StoresWMT45,4046,0445,3045,5416M
Bristol-Myers SquibbBMY22,6422,8822,6022,7114.3M
HP Inc.HPQ35,4535,7535,2135,4212.1M
Abbott LaboratoriesABT47,7047,9247,5047,9011.8M
Home DepotHD33,9034,6233,7534,3411.6M
AT&T Inc.T31,5731,6031,1331,2810.4M
Verizon CommunicationsVZ35,2535,4435,0835,319.61M
Johnson & JohnsonJNJ63,5163,7063,2563,467.41M
JPMorgan ChaseJPM45,8945,9145,1345,207.28M
Procter & GamblePG61,8062,0361,3461,537.17M
Wells Fargo & Co.WFC35,0435,1434,5734,676.72M
Walt Disney & Co.DIS29,4229,6929,3029,496.72M
International Business MachinesIBM79,9080,3879,3179,403.91M
Gilead SciencesGILD61,7362,4061,4361,823.73M
United TechnologiesUTX62,9163,2762,2162,772.58M
UnitedHealth GroupUNH50,5050,8249,9750,212.41M
Union PacificUNP79,9780,1279,3579,881.47M
Berkshire HathawayBRK.B3195,003203,503188,003200,505.5K
Exchange Rates of September 7th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116,450 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,110 CAD1 CAD = 0,901 USD
US DollarSwiss Franc1 USD = 1,243 CHF1 CHF = 0,805 USD
US DollarChinese Yuan1 USD = 7,947 CNY1 CNY = 0,126 USD
EuroJapanese Yen1 EUR = 148,270 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,679 GBP1 GBP = 1,474 EUR
EuroAustralian Dollar1 EUR = 1,676 AUD1 AUD = 0,597 EUR
EuroCanadian Dollar1 EUR = 1,413 CAD1 CAD = 0,708 EUR
EuroSwiss Franc1 EUR = 1,582 CHF1 CHF = 0,632 EUR
Japanese YenPound Sterling1 JPY = 0,458 GBP1 GBP = 2,186 JPY
Japanese YenAustralian Dollar1 JPY = 1,130 AUD1 AUD = 0,885 JPY
Japanese YenCanadian Dollar1 JPY = 0,953 CAD1 CAD = 1,050 JPY
Japanese YenSwiss Franc1 JPY = 1,067 CHF1 CHF = 0,937 JPY
Pound SterlingAustralian Dollar1 GBP = 2,470 AUD1 AUD = 0,405 GBP
Pound SterlingCanadian Dollar1 GBP = 2,082 CAD1 CAD = 0,480 GBP
Pound SterlingSwiss Franc1 GBP = 2,331 CHF1 CHF = 0,429 GBP
Australian DollarCanadian Dollar1 AUD = 0,843 CAD1 CAD = 1,187 AUD
Australian DollarSwiss Franc1 AUD = 0,943 CHF1 CHF = 1,060 AUD
Canadian DollarSwiss Franc1 CAD = 1,119 CHF1 CHF = 0,894 CAD

See what else happened on September 7th, 2006