Financial news on August 10th, 2006

Business and Financial news
3 at Comverse Charged in Stock Options Case

The executives created a secret slush fund for fictitious employees to dole out options to favored employees. Read more..

By JULIE CRESWELL - The New York Times

A Head Start on the Future of High-Def

Next month, Canon will release the world’s smallest and least expensive high-definition tape camcorder. Read more..

By DAVID POGUE - The New York Times

A.I.G.’s Profit Falls 29 Percent

A.I.G.’s Profit Falls 29 Percent. Read more..

By BLOOMBERG NEWS - The New York Times

Camera for Amateurs Borrows From the Pros’ Gear

The successor to Nikon's popular D70 digital single-lens reflex camera has enough new features to get its own model number: D80. Read more..

By IAN AUSTEN - The New York Times

Disney to Sell Its Half Stake in Us Weekly Back to Wenner

The Walt Disney Company is about to make a 650 percent profit on its stake in Us Weekly, selling it back to Wenner Media for $300 million. Read more..

By KATHARINE Q. SEELYE - The New York Times

From iPod Screen to Big Picture (Bigger, Anyway)

The rallying cry among fans of portable media players is rarely “Bigger!” But don’t tell that to Memorex. Read more..

By JOHN BIGGS - The New York Times

Hot Market for Second Homes Hits Slump

As the overall housing market weakens, interest in buying vacation homes appears to be falling even faster. Read more..

By VIKAS BAJAJ - The New York Times

Profit Rises at Interpublic

Interpublic said that second-quarter profit increased as the company set aside less money for taxes. Read more..

By BLOOMBERG NEWS - The New York Times

Revealing Fraud in E-Mail Addresses

Q. Is there a way to find out where e-mail messages actually came from? Read more..

By J.D. BIERSDORFER - The New York Times

U.S. Warns PC Users of Flaw in Windows

The flaw would make it possible to install malicious programs or to change or delete data. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.6019.7819.3219.5652.3M
Oracle Corp.ORCL14.8815.2714.8615.1334.4M
General ElectricGE32.2432.7832.2432.6723.9M
Bristol-Myers SquibbBMY21.0021.1120.8320.8323.2M
AT&T Inc.T30.0030.2429.8230.2217.9M
Walt Disney & Co.DIS28.7529.7328.5329.5817.3M
Wal-Mart StoresWMT43.9644.9443.7544.8912.1M
Abbott LaboratoriesABT47.0747.7546.8247.7211.2M
UnitedHealth GroupUNH47.3047.8546.5047.4010.8M
JPMorgan ChaseJPM44.2544.3543.6744.0510.4M
HP Inc.HPQ32.9033.2032.6533.0110.2M
Home DepotHD33.3033.7433.1933.619.82M
Procter & GamblePG59.6060.2959.5860.268.65M
Verizon CommunicationsVZ33.8534.0033.5833.947.88M
Wells Fargo & Co.WFC69.5069.5168.6069.456.53M
Johnson & JohnsonJNJ63.3663.7563.3063.555.44M
United TechnologiesUTX60.0160.6859.5060.453.88M
International Business MachinesIBM75.2076.0875.0575.743.21M
Gilead SciencesGILD61.7062.6361.3161.863.18M
Union PacificUNP78.8880.6078.8480.411.81M
Berkshire HathawayBRK.B3085.003103.003073.003103.008.3K
Exchange Rates of August 10th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.220 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.127 CAD1 CAD = 0.887 USD
US DollarSwiss Franc1 USD = 1.234 CHF1 CHF = 0.811 USD
US DollarChinese Yuan1 USD = 7.971 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 147.420 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.481 EUR
EuroAustralian Dollar1 EUR = 1.666 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.442 CAD1 CAD = 0.694 EUR
EuroSwiss Franc1 EUR = 1.579 CHF1 CHF = 0.633 EUR
Japanese YenPound Sterling1 JPY = 0.458 GBP1 GBP = 2.183 JPY
Japanese YenAustralian Dollar1 JPY = 1.130 AUD1 AUD = 0.885 JPY
Japanese YenCanadian Dollar1 JPY = 0.978 CAD1 CAD = 1.023 JPY
Japanese YenSwiss Franc1 JPY = 1.071 CHF1 CHF = 0.934 JPY
Pound SterlingAustralian Dollar1 GBP = 2.467 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.135 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.336 CHF1 CHF = 0.428 GBP
Australian DollarCanadian Dollar1 AUD = 0.865 CAD1 CAD = 1.156 AUD
Australian DollarSwiss Franc1 AUD = 0.947 CHF1 CHF = 1.056 AUD
Canadian DollarSwiss Franc1 CAD = 1.094 CHF1 CHF = 0.914 CAD

See what else happened on August 10th, 2006