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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24,6725,3924,5025,10124M
MicrosoftMSFT28,7829,2328,6628,9877.4M
PfizerPFE26,7226,7326,4326,6253.1M
IntelINTC20,7220,9020,5020,7152.9M
AT&T Inc.T34,2734,5634,0334,3737.4M
Wal-Mart StoresWMT47,3547,5147,0347,0330.1M
MerckMRK44,7544,7643,6544,3426.5M
Oracle Corp.ORCL18,1618,4318,0518,3624.9M
AppleAAPL80,0282,6979,8982,4524.7M
ExxonMobilXOM72,5374,2072,2373,8122.4M
ConocoPhillipsCOP60,9062,7260,7662,3720M
General ElectricGE35,5435,7535,4035,5817.9M
AlphabetGOOGL470,35481,74468,60475,0015.9M
UnitedHealth GroupUNH48,3048,6847,3748,0015.7M
Abbott LaboratoriesABT47,5047,5747,0547,2815.6M
Johnson & JohnsonJNJ68,3068,3067,4167,9914.3M
Home DepotHD37,0037,4937,0037,2513.9M
ComcastCMCSA40,6441,0140,3640,8513.6M
HP Inc.HPQ38,7039,0038,5138,8812.5M
Procter & GamblePG64,1364,3563,9464,049.75M
SchlumbergerSLB63,8565,3063,4965,289.56M
ChevronCVX68,9169,7868,6069,519.31M
Verizon CommunicationsVZ36,6236,8936,3536,868.94M
AltriaMO81,0081,9380,6881,458.74M
BoeingBA84,2585,8783,5385,458.5M
AmazonAMZN38,5839,4838,4639,478.16M
McDonald'sMCD41,6242,2541,3542,037.65M
JPMorgan ChaseJPM47,5047,9047,2047,647.51M
Coca-ColaKO46,6647,0046,5346,887.38M
Walt Disney & Co.DIS32,7133,2432,4733,107.12M
Wells Fargo & Co.WFC36,4436,9236,3536,806.84M
Bristol-Myers SquibbBMY25,0025,0024,6424,816.71M
AmgenAMGN74,6875,1873,7274,766.63M
International Business MachinesIBM92,2592,9292,0192,596.02M
PepsicoPEP63,3163,7563,2563,533.46M
Gilead SciencesGILD69,2969,5068,1368,982.86M
United TechnologiesUTX65,5165,7665,0065,562.74M
3MMMM79,4479,7579,0079,421.73M
Union PacificUNP91,0792,2090,5591,701.48M
Berkshire HathawayBRK.B3587,003598,003568,003593,0017.1K
Exchange Rates of November 08, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,850 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,129 CAD1 CAD = 0,886 USD
US DollarSwiss Franc1 USD = 1,251 CHF1 CHF = 0,799 USD
US DollarChinese Yuan1 USD = 7,868 CNY1 CNY = 0,127 USD
EuroJapanese Yen1 EUR = 150,340 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,669 GBP1 GBP = 1,494 EUR
EuroAustralian Dollar1 EUR = 1,655 AUD1 AUD = 0,604 EUR
EuroCanadian Dollar1 EUR = 1,440 CAD1 CAD = 0,694 EUR
EuroSwiss Franc1 EUR = 1,596 CHF1 CHF = 0,627 EUR
Japanese YenPound Sterling1 JPY = 0,445 GBP1 GBP = 2,247 JPY
Japanese YenAustralian Dollar1 JPY = 1,100 AUD1 AUD = 0,909 JPY
Japanese YenCanadian Dollar1 JPY = 0,958 CAD1 CAD = 1,044 JPY
Japanese YenSwiss Franc1 JPY = 1,061 CHF1 CHF = 0,942 JPY
Pound SterlingAustralian Dollar1 GBP = 2,472 AUD1 AUD = 0,404 GBP
Pound SterlingCanadian Dollar1 GBP = 2,152 CAD1 CAD = 0,465 GBP
Pound SterlingSwiss Franc1 GBP = 2,383 CHF1 CHF = 0,420 GBP
Australian DollarCanadian Dollar1 AUD = 0,870 CAD1 CAD = 1,150 AUD
Australian DollarSwiss Franc1 AUD = 0,964 CHF1 CHF = 1,038 AUD
Canadian DollarSwiss Franc1 CAD = 1,108 CHF1 CHF = 0,903 CAD

See what else happened on November 08, 2006