Financial news on October 10, 2006

Business and Financial news
Airbus Chief of 3 Months Resigns Post

Christian Streiff had clashed with Airbus’s parent company over his autonomy to make changes. Read more..

By MARK LANDLER and NICOLA CLARK - The New York Times

Britain: Two Resign at Airline Amid Antitrust Inquiry

British Airways said a commercial director, Martin George, had resigned amid an antitrust investigation of the airline’s fuel surcharge strategy. Mr. George has been on leave since June, British Airways said in a statement on the Regulatory News S... Read more..

By BLOOMBERG NEWS - The New York Times

Close Encounters of the Flying Kind

In the business world of flying, there's a chance your seatmate could be a fascinating entrepreneur. Read more..

By BARBARA S. PETERSON - The New York Times

Sequoia’s YouTube Bet Pays Off – Big

Even in Silicon Valley, it is rare for so much money to be made so fast – and by so few. The biggest winners in the $1.65 billion acquisition of YouTube by Google are YouTube’s founders, Chad Hurley and Steve Chen, who have parlayed their stakes in the 19-month-old start-up into Google shares that are probably worth tens of millions. YouTube’s roughly 60 employees are no doubt celebrating as well. But only one venture capital firm – Sequoia Capital – got in on what has turned out to be one of the hottest Internet deals since Google went public in 2004. Sequoia, which is among the most successful venture firms in Silicon Valley, invested a total of $11.5 million in YouTube from November 2005 to April 2006. It may be walking away with more than 43 times that amount. Its stake in YouTube has been estimated at about 30 percent, which would give it a value of $495 million. Read more..

By WRITER - The New York Times

There’s Simply No Excuse for Being Bored on a Trip

I hear business travelers complain about how unexciting their trips are. But business travel can be great adventure if you’re curious. Read more..

By JOHN HEATON - The New York Times

Wall St. Likes Family’s Simplified Cablevision Bid

The Dolan family’s offer to buy out the Cablevision Systems Corporation sent the company's stock up 10.7 percent. Read more..

By GERALDINE FABRIKANT and KEN BELSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC20,5321,0220,4220,8974M
Oracle Corp.ORCL18,5618,7418,4718,7450.3M
Cisco SystemsCSCO24,2424,3924,0024,3340.8M
MicrosoftMSFT27,6927,7527,4427,6934.6M
PfizerPFE27,5027,6027,2727,5629.9M
AT&T Inc.T32,2532,8132,2132,7729.6M
General ElectricGE36,1036,3636,0636,3023.5M
ExxonMobilXOM66,2367,4765,9667,2023M
AlphabetGOOGL431,56437,85422,39426,6519.6M
AppleAAPL74,5474,5873,0873,8119M
Verizon CommunicationsVZ36,2536,7336,1836,5416.9M
JPMorgan ChaseJPM47,2947,6647,0947,5314.2M
ConocoPhillipsCOP57,2558,4457,2558,1814M
Coca-ColaKO44,4744,4943,9544,0612.9M
Abbott LaboratoriesABT46,9046,9346,0446,2511.9M
AltriaMO79,1579,5077,6078,0511.2M
ComcastCMCSA37,5937,7537,1137,6411.1M
SchlumbergerSLB58,1860,1458,1759,2511M
ChevronCVX63,0963,9263,0063,9010.9M
HP Inc.HPQ38,0938,1537,6137,9310.5M
Wal-Mart StoresWMT48,4048,4947,8848,129.66M
MerckMRK41,9942,1241,6441,829.35M
Home DepotHD37,7537,8737,5337,769.16M
McDonald'sMCD40,5040,8840,4540,848.07M
Procter & GamblePG62,6162,7262,0562,727.69M
Walt Disney & Co.DIS31,3031,3931,0631,256.38M
AmazonAMZN33,2733,5832,4932,626.33M
Johnson & JohnsonJNJ64,8464,9864,7064,966.05M
UnitedHealth GroupUNH50,9550,9849,5649,655.33M
Bristol-Myers SquibbBMY24,4824,5724,1624,495.31M
PepsicoPEP63,7263,8463,1463,415.21M
International Business MachinesIBM83,7184,6383,5684,194.71M
AmgenAMGN73,9374,1473,1673,734.67M
Wells Fargo & Co.WFC36,4136,5736,2336,284.3M
BoeingBA82,5082,6781,8082,134M
Gilead SciencesGILD65,6565,6564,0764,972.92M
United TechnologiesUTX65,4565,8165,1865,302.42M
3MMMM75,6975,7675,1475,201.9M
Union PacificUNP90,0090,8489,6290,401.32M
Berkshire HathawayBRK.B3274,003319,003274,003314,0013.9K
Exchange Rates of October 10, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119,670 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,133 CAD1 CAD = 0,882 USD
US DollarSwiss Franc1 USD = 1,271 CHF1 CHF = 0,787 USD
US DollarChinese Yuan1 USD = 7,905 CNY1 CNY = 0,126 USD
EuroJapanese Yen1 EUR = 150,010 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,676 GBP1 GBP = 1,479 EUR
EuroAustralian Dollar1 EUR = 1,685 AUD1 AUD = 0,593 EUR
EuroCanadian Dollar1 EUR = 1,420 CAD1 CAD = 0,704 EUR
EuroSwiss Franc1 EUR = 1,593 CHF1 CHF = 0,628 EUR
Japanese YenPound Sterling1 JPY = 0,450 GBP1 GBP = 2,220 JPY
Japanese YenAustralian Dollar1 JPY = 1,123 AUD1 AUD = 0,890 JPY
Japanese YenCanadian Dollar1 JPY = 0,947 CAD1 CAD = 1,057 JPY
Japanese YenSwiss Franc1 JPY = 1,062 CHF1 CHF = 0,942 JPY
Pound SterlingAustralian Dollar1 GBP = 2,493 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,101 CAD1 CAD = 0,476 GBP
Pound SterlingSwiss Franc1 GBP = 2,356 CHF1 CHF = 0,425 GBP
Australian DollarCanadian Dollar1 AUD = 0,842 CAD1 CAD = 1,188 AUD
Australian DollarSwiss Franc1 AUD = 0,944 CHF1 CHF = 1,059 AUD
Canadian DollarSwiss Franc1 CAD = 1,121 CHF1 CHF = 0,892 CAD

See what else happened on October 10, 2006