Financial news on November 08, 2006

Business and Financial news
After Power Struggle, Volkswagen Ousts Its Chief

Analysts and industry experts said the sudden shakeup bore the fingerprints of Volkswagen’s influential chairman, Ferdinand K. Piëch. Read more..

By MARK LANDLER - The New York Times

A Resurgence in Cleveland

University Circle, Cleveland’s eds and meds district, is on the verge of a major transformation after $2 billion worth of infrastructure investment. Read more..

By LISA CHAMBERLAIN - The New York Times

Drilling Deep in the Gulf of Mexico

Thanks to advances in technology used to drill and search for oil in deep water, oil companies hope to find billions of barrels of oil reserves in the Gulf of Mexico. Read more..

By JAD MOUAWAD - The New York Times

FedEx Rescinds Order for Airbus A380s

FedEx became the first customer to abandon the European superjumbo jet in the wake of production delays that have shaken Airbus. Read more..

By CARTER DOUGHTERY and LESLIE WAYNE - The New York Times

General Motors Reduces Previously Reported Loss

G.M. says it lost $24 million less in the third quarter than previously reported because of additional loan sales by its financing subsidiary. Read more..

By NICK BUNKLEY - The New York Times

High-End or Starter Homes, Builders Remain in a Slump

In a sign of a deepening housing slump, Toll Brothers and Beazer Homes reported steep declines in new orders and weaker fourth-quarter results. Read more..

By EDUARDO PORTER - The New York Times

Prospect of Political Gridlock Ignites Rally

Stocks rose for a second day on anticipation that Democrats would take control of one or both houses of Congress in Tuesday’s election. Read more..

By BLOOMBERG NEWS - The New York Times

Russia: BP Licenses to Two Fields Are Challenged

The Russian prosecutor general’s office said two oil fields operated by a joint venture of BP, the British oil company, were in violation of their licensing terms and recommended that the Ministry of Natural Resources revoke the licenses. The move... Read more..

By ANDREW KRAMER - The New York Times

Toyota Profit Jumps 34%; Sales Forecasts Are Raised

Toyota continues to grab market share from Detroit’s struggling auto companies, and analysts say Toyota may pass G.M. within the next year. Read more..

By MARTIN FACKLER and MICHELINE MAYNARD - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 24,67 25,39 24,50 25,10 124M
Microsoft MSFT 28,78 29,23 28,66 28,98 77.4M
Pfizer PFE 26,72 26,73 26,43 26,62 53.1M
Intel INTC 20,72 20,90 20,50 20,71 52.9M
AT&T Inc. T 34,27 34,56 34,03 34,37 37.4M
Wal-Mart Stores WMT 47,35 47,51 47,03 47,03 30.1M
Merck MRK 44,75 44,76 43,65 44,34 26.5M
Oracle Corp. ORCL 18,16 18,43 18,05 18,36 24.9M
Apple AAPL 80,02 82,69 79,89 82,45 24.7M
ExxonMobil XOM 72,53 74,20 72,23 73,81 22.4M
ConocoPhillips COP 60,90 62,72 60,76 62,37 20M
General Electric GE 35,54 35,75 35,40 35,58 17.9M
Alphabet GOOGL 470,35 481,74 468,60 475,00 15.9M
UnitedHealth Group UNH 48,30 48,68 47,37 48,00 15.7M
Abbott Laboratories ABT 47,50 47,57 47,05 47,28 15.6M
Johnson & Johnson JNJ 68,30 68,30 67,41 67,99 14.3M
Home Depot HD 37,00 37,49 37,00 37,25 13.9M
Comcast CMCSA 40,64 41,01 40,36 40,85 13.6M
HP Inc. HPQ 38,70 39,00 38,51 38,88 12.5M
Procter & Gamble PG 64,13 64,35 63,94 64,04 9.75M
Schlumberger SLB 63,85 65,30 63,49 65,28 9.56M
Chevron CVX 68,91 69,78 68,60 69,51 9.31M
Verizon Communications VZ 36,62 36,89 36,35 36,86 8.94M
Altria MO 81,00 81,93 80,68 81,45 8.74M
Boeing BA 84,25 85,87 83,53 85,45 8.5M
Amazon AMZN 38,58 39,48 38,46 39,47 8.16M
McDonald's MCD 41,62 42,25 41,35 42,03 7.65M
JPMorgan Chase JPM 47,50 47,90 47,20 47,64 7.51M
Coca-Cola KO 46,66 47,00 46,53 46,88 7.38M
Walt Disney & Co. DIS 32,71 33,24 32,47 33,10 7.12M
Wells Fargo & Co. WFC 36,44 36,92 36,35 36,80 6.84M
Bristol-Myers Squibb BMY 25,00 25,00 24,64 24,81 6.71M
Amgen AMGN 74,68 75,18 73,72 74,76 6.63M
International Business Machines IBM 92,25 92,92 92,01 92,59 6.02M
Pepsico PEP 63,31 63,75 63,25 63,53 3.46M
Gilead Sciences GILD 69,29 69,50 68,13 68,98 2.86M
United Technologies UTX 65,51 65,76 65,00 65,56 2.74M
3M MMM 79,44 79,75 79,00 79,42 1.73M
Union Pacific UNP 91,07 92,20 90,55 91,70 1.48M
Berkshire Hathaway BRK.B 3587,00 3598,00 3568,00 3593,00 17.1K
Exchange Rates of November 08, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117,850 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,129 CAD 1 CAD = 0,886 USD
US Dollar Swiss Franc 1 USD = 1,251 CHF 1 CHF = 0,799 USD
US Dollar Chinese Yuan 1 USD = 7,868 CNY 1 CNY = 0,127 USD
Euro Japanese Yen 1 EUR = 150,340 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,669 GBP 1 GBP = 1,494 EUR
Euro Australian Dollar 1 EUR = 1,655 AUD 1 AUD = 0,604 EUR
Euro Canadian Dollar 1 EUR = 1,440 CAD 1 CAD = 0,694 EUR
Euro Swiss Franc 1 EUR = 1,596 CHF 1 CHF = 0,627 EUR
Japanese Yen Pound Sterling 1 JPY = 0,445 GBP 1 GBP = 2,247 JPY
Japanese Yen Australian Dollar 1 JPY = 1,100 AUD 1 AUD = 0,909 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,958 CAD 1 CAD = 1,044 JPY
Japanese Yen Swiss Franc 1 JPY = 1,061 CHF 1 CHF = 0,942 JPY
Pound Sterling Australian Dollar 1 GBP = 2,472 AUD 1 AUD = 0,404 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,152 CAD 1 CAD = 0,465 GBP
Pound Sterling Swiss Franc 1 GBP = 2,383 CHF 1 CHF = 0,420 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,870 CAD 1 CAD = 1,150 AUD
Australian Dollar Swiss Franc 1 AUD = 0,964 CHF 1 CHF = 1,038 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,108 CHF 1 CHF = 0,903 CAD

See what else happened on November 08, 2006