Financial news on March 10, 2006

Business and Financial news
Brinks Sets a Dutch Auction for 10 Million Shares

Brinks, following a round of activist activity, authorized a Dutch auction self-tender offer for as many as 10 million of its shares, or about 17 percent of its outstanding stock. The tender price range will be $47.50 to $52.50 per share. There are 58.7 million outstanding shares. Go to Article from TheStreet.com » Read more..

By WRITER - The New York Times

Citadel CEO Hedges His Bets on I.P.O. Question

Kenneth Griffin is quite happy to tell the Chicago Tribune about how well his hedge fund is doing so far this year. Well, not happy enough to disclose firm numbers — but he did say that the year-to-date performance at Citadel Investment Group‘s biggest fund, Kensington, was better than the anemic 7 percent gain it […] Read more..

By DEALBOOK - The New York Times

eBay Connects With Meetup.com

eBay yesterday joined five other investors to purchase a minority share in community Web site Meetup.com. The investment will total just more than 10% equity interest in Meetup.com, which connects folks to affinity groups like stay-at-home moms or Chihuahua lovers for offline gatherings. Go to Article from BusinessWeek » Read more..

By WRITER - The New York Times

Entrepreneur Knocking on Door of London Exchange

The London Stock Exchange is to investigate the suitability of Robert Bonnier, the colorful entrepreneur, to head a listed company again after he announced his comeback this week. The Exchange, which regulates the AIM market, is thought to have concerns about Mr. Bonnier, who was fined 290,000 pounds by the Financial Services Authority 15 months […] Read more..

By WRITER - The New York Times

Investors Undaunted by Hedge Fund Meltdowns

Hedge fund blowups make for scary headlines but so far they have not frightened investors into looking more closely at how these slightly regulated funds operate before putting money in, new research shows. Go to Article from Reuters via CNN Money » Read more..

By WRITER - The New York Times

Nasdaq Is London Calling: L.S.E. Rebuffs $4 Billion Offer

It may be in the market for a buyer, but the London Stock Exchange is apparently not impressed with a recent approach from the Nasdaq Stock Market. The London exchange said midday Friday that it had rejected an offer from the Nasdaq to acquire it for 950 pence per share in cash, or about $4 […] Read more..

By DEALBOOK - The New York Times

Pitney Bowes Sells Lease Unit

Pitney Bowes , the largest supplier of postage meters and mailing machines in the United States, said on Thursday that it had agreed to sell its Imagistics International Inc. lease portfolio to De Lage Landen Operational Services LLC, a unit of Rabobank Group of the Netherlands, for $280 million to $290 million. Go to Article […] Read more..

By WRITER - The New York Times

S.E.C. Is Going Too Far in Corporate Crackdowns, Chamber of Commerce Says

The Securities and Exchange Commission, which gained more authority to punish corporate wrongdoing in a government crackdown on fraud four years earlier, is going too far, according to a U.S. Chamber of Commerce. The Washington, D.C.-based group, which lobbies for 3 million U.S. companies and 830 business associations, said in a report Thursday that it’s […] Read more..

By WRITER - The New York Times

Software Firm Bluespec Gets $4.5 Million in Funds

Bluespec has received $4.5 million in its second round of funding from Atlas Ventures and North Bridge Venture. To date, Bluespec, which makes electronic design automation tool sets, has received a total of $13 million in funding from Atlas Venture and North Bridge Venture Partners. Go to Article from The Boston Business Journal » Read more..

By WRITER - The New York Times

Thain Expects to Play Active Role in Exchange Consolidation

New York Stock Exchange Chief Executive John Thain said on Thursday that he aims to play an active role in the next round of consolidation in the exchange sector, and that worries about competition from overseas rivals had driven the Big Board’s move to go public. Thain’s remarks, made to a banking committee hearing in […] Read more..

By WRITER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19.84 20.02 19.78 19.85 61.5M
Cisco Systems CSCO 20.60 20.88 20.32 20.82 48.5M
Microsoft MSFT 27.06 27.22 26.88 27.17 41.3M
Alphabet GOOGL 343.50 344.50 331.55 337.50 38.6M
Oracle Corp. ORCL 12.88 13.00 12.84 12.90 38.4M
Apple AAPL 64.01 64.49 62.45 63.19 37.3M
AT&T Inc. T 26.99 27.25 26.81 27.23 29.1M
General Electric GE 33.28 33.68 33.26 33.65 25.8M
Pfizer PFE 26.30 26.38 25.91 26.08 22.8M
ExxonMobil XOM 58.92 59.21 58.44 59.18 20.3M
Comcast CMCSA 26.43 26.50 26.09 26.25 12.4M
ConocoPhillips COP 59.09 59.92 58.50 59.07 12M
JPMorgan Chase JPM 41.06 41.40 40.87 41.13 11.2M
Chevron CVX 54.15 54.60 53.76 54.08 11.1M
Verizon Communications VZ 34.00 34.24 33.90 34.19 10.9M
Wal-Mart Stores WMT 45.44 45.48 45.21 45.33 9.32M
Johnson & Johnson JNJ 58.65 59.04 58.50 59.04 9.24M
Procter & Gamble PG 61.45 62.44 61.45 62.25 8.51M
Walt Disney & Co. DIS 28.04 28.30 27.94 28.16 8.2M
HP Inc. HPQ 32.76 33.17 32.52 32.99 8.04M
Coca-Cola KO 42.62 42.93 42.53 42.77 7.7M
Altria MO 73.08 73.88 72.81 73.86 7.59M
Amgen AMGN 73.25 73.80 72.82 73.49 7.55M
Abbott Laboratories ABT 43.19 43.97 43.00 43.92 7M
UnitedHealth Group UNH 56.39 56.79 56.15 56.17 6.98M
Home Depot HD 40.64 41.33 40.63 41.25 6.78M
Merck MRK 34.75 34.96 34.50 34.76 5.92M
Bristol-Myers Squibb BMY 22.90 23.02 22.78 22.91 5.37M
Schlumberger SLB 114.70 117.75 113.76 116.87 5.05M
Amazon AMZN 36.25 36.50 35.74 36.22 4.97M
International Business Machines IBM 81.03 82.25 81.03 81.57 4.79M
McDonald's MCD 34.60 35.01 34.54 34.65 3.99M
Pepsico PEP 59.94 60.39 59.91 60.34 3.66M
Wells Fargo & Co. WFC 63.90 64.41 63.70 64.25 3.17M
Boeing BA 73.77 74.90 73.20 74.79 3.03M
United Technologies UTX 57.10 58.22 57.06 57.82 2.91M
Gilead Sciences GILD 59.00 61.50 59.00 61.09 2.42M
3M MMM 71.90 72.80 71.88 72.32 1.83M
Union Pacific UNP 84.85 85.84 84.35 85.76 1.09M
Berkshire Hathaway BRK.B 2983.00 3000.00 2981.50 2995.00 36.3K
Exchange Rates of March 10, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.060 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.161 CAD 1 CAD = 0.861 USD
US Dollar Swiss Franc 1 USD = 1.317 CHF 1 CHF = 0.760 USD
US Dollar Chinese Yuan 1 USD = 8.050 CNY 1 CNY = 0.124 USD
Euro Japanese Yen 1 EUR = 141.840 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.690 GBP 1 GBP = 1.449 EUR
Euro Australian Dollar 1 EUR = 1.610 AUD 1 AUD = 0.621 EUR
Euro Canadian Dollar 1 EUR = 1.383 CAD 1 CAD = 0.723 EUR
Euro Swiss Franc 1 EUR = 1.568 CHF 1 CHF = 0.638 EUR
Pound Sterling Australian Dollar 1 GBP = 2.333 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.004 CAD 1 CAD = 0.499 GBP
Pound Sterling Swiss Franc 1 GBP = 2.272 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.849 CAD 1 CAD = 1.178 AUD
Australian Dollar Swiss Franc 1 AUD = 0.963 CHF 1 CHF = 1.039 AUD

See what else happened on March 10, 2006