Financial news on November 10, 2006

Business and Financial news
Declining Bill for Oil Imports Improves U.S. Trade Balance

The gaping trade deficit the U.S. has with the rest of the world shrank largely because Americans imported and paid less for oil. Read more..

By JEREMY W. PETERS - The New York Times

Denmark: Danske to Buy Finnish Bank

Danske Bank, the Nordic region’s second-biggest financial institution, said that it had agreed to buy Sampo Bank for 30.1 billion Danish kroner ($5.15 billion) to expand in Finland and the Baltics. Danske, based in Copenhagen, will sell shares and... Read more..

By BLOOMBERG NEWS - The New York Times

Fastow Gets His Moment in the Sun

Andrew S. Fastow delivered the most expansive deposition yet in a spate of lawsuits stemming from Enron’s 2001 collapse. Read more..

By ALEXEI BARRIONUEVO - The New York Times

KBW Soars on Debut Day

Stock of the New York-based investment bank made swift gains, up $5.83, or 28 percent, from its initial public offering price of $21. Read more..

By DOW JONES/AP - The New York Times

Profit Doubles at Disney, Aided by ABC and Movies

Fourth-quarter profit doubled on the popularity of movies, growth at ABC and successful celebrations at its theme parks worldwide. Read more..

By LAURA M. HOLSON - The New York Times

Renault to Make Autos With Indian Company

Renault and Mahindra & Mahindra of India announced a joint venture to build a plant capable of making 500,000 cars a year. Read more..

By SARITHA RAI - The New York Times

Strong A.I.G. Results

The world’s largest insurer said its third-quarter earnings more than doubled after a quiet hurricane season. Read more..

By BLOOMBERG NEWS - The New York Times

The Dress Code Is Relaxed, but the Courting Is Intense

The annual FourSquare conference mixes media titans and Wall Street bankers with 20-something Web entrepreneurs. Read more..

By ANDREW ROSS SORKIN - The New York Times

This Fund Is Making a Bundle

A securities filing by Fortress Investment Group provides a rare peek into the world of alternative investments. Read more..

By JENNY ANDERSON - The New York Times

Turning Toughened Rules Into an Advantage

Diesel engine makers have adapted to tougher environmental mandates, treating newer, cleaner engines as a point of pride. Read more..

By FELICITY BARRINGER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.6726.9826.5626.7459.2M
PfizerPFE25.8226.0725.4025.7147.1M
MicrosoftMSFT29.1729.2929.1529.2437.9M
IntelINTC20.4920.6420.4220.5831.9M
AT&T Inc.T33.5233.7032.6933.0526.7M
Walt Disney & Co.DIS32.7532.8531.7432.4025.4M
Oracle Corp.ORCL18.6518.8718.6118.7824M
ExxonMobilXOM74.5574.8074.0574.4218.4M
General ElectricGE35.3035.3135.1235.1718M
Verizon CommunicationsVZ36.2136.2735.2735.5914.6M
Home DepotHD36.8036.8536.4836.6414.2M
AppleAAPL83.5583.6082.5083.1213.4M
MerckMRK42.7843.2042.2943.1213.3M
Abbott LaboratoriesABT45.7546.3845.4145.9713.2M
Wal-Mart StoresWMT46.3146.6946.3146.4713.2M
HP Inc.HPQ39.7440.0039.5339.9912.4M
UnitedHealth GroupUNH45.4546.5045.2846.1110.6M
Johnson & JohnsonJNJ66.0066.3165.4866.2910.1M
ChevronCVX70.2270.3969.1469.548.79M
McDonald'sMCD42.1042.2241.9741.978.64M
ConocoPhillipsCOP63.1963.4462.5763.098.09M
AmgenAMGN73.3074.6072.8473.467.99M
Bristol-Myers SquibbBMY24.5524.6424.2924.427.92M
SchlumbergerSLB64.7264.7362.8863.307.51M
Procter & GamblePG63.9664.0063.3563.706.89M
ComcastCMCSA40.8041.0040.2040.316.75M
JPMorgan ChaseJPM47.4547.6147.3147.615.85M
AlphabetGOOGL473.78474.72470.29473.555.59M
BoeingBA86.3986.9885.4485.625.5M
International Business MachinesIBM92.3092.3591.6391.765.37M
Wells Fargo & Co.WFC36.7436.8236.4836.675.37M
Coca-ColaKO46.6546.7546.2846.474.94M
AmazonAMZN38.7939.3638.7639.264.5M
AltriaMO80.7081.0680.3480.934.47M
Gilead SciencesGILD67.0767.3666.3567.343.03M
PepsicoPEP62.6162.8062.4762.552.91M
United TechnologiesUTX64.6965.4064.4865.062.59M
3MMMM79.1579.3678.6879.192.09M
Union PacificUNP90.7991.3390.5791.141.19M
Berkshire HathawayBRK.B3586.003611.503561.003570.0015.2K
Exchange Rates of November 10, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.540 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.132 CAD1 CAD = 0.883 USD
US DollarSwiss Franc1 USD = 1.242 CHF1 CHF = 0.805 USD
US DollarChinese Yuan1 USD = 7.865 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 150.930 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.488 EUR
EuroAustralian Dollar1 EUR = 1.673 AUD1 AUD = 0.598 EUR
EuroCanadian Dollar1 EUR = 1.454 CAD1 CAD = 0.688 EUR
EuroSwiss Franc1 EUR = 1.594 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.445 GBP1 GBP = 2.248 JPY
Japanese YenAustralian Dollar1 JPY = 1.108 AUD1 AUD = 0.903 JPY
Japanese YenCanadian Dollar1 JPY = 0.963 CAD1 CAD = 1.039 JPY
Japanese YenSwiss Franc1 JPY = 1.056 CHF1 CHF = 0.947 JPY
Pound SterlingAustralian Dollar1 GBP = 2.490 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.164 CAD1 CAD = 0.462 GBP
Pound SterlingSwiss Franc1 GBP = 2.372 CHF1 CHF = 0.422 GBP
Australian DollarCanadian Dollar1 AUD = 0.868 CAD1 CAD = 1.152 AUD
Australian DollarSwiss Franc1 AUD = 0.952 CHF1 CHF = 1.050 AUD
Canadian DollarSwiss Franc1 CAD = 1.096 CHF1 CHF = 0.912 CAD

See what else happened on November 10, 2006