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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20,53 21,02 20,42 20,89 74M
Oracle Corp. ORCL 18,56 18,74 18,47 18,74 50.3M
Cisco Systems CSCO 24,24 24,39 24,00 24,33 40.8M
Microsoft MSFT 27,69 27,75 27,44 27,69 34.6M
Pfizer PFE 27,50 27,60 27,27 27,56 29.9M
AT&T Inc. T 32,25 32,81 32,21 32,77 29.6M
General Electric GE 36,10 36,36 36,06 36,30 23.5M
ExxonMobil XOM 66,23 67,47 65,96 67,20 23M
Alphabet GOOGL 431,56 437,85 422,39 426,65 19.6M
Apple AAPL 74,54 74,58 73,08 73,81 19M
Verizon Communications VZ 36,25 36,73 36,18 36,54 16.9M
JPMorgan Chase JPM 47,29 47,66 47,09 47,53 14.2M
ConocoPhillips COP 57,25 58,44 57,25 58,18 14M
Coca-Cola KO 44,47 44,49 43,95 44,06 12.9M
Abbott Laboratories ABT 46,90 46,93 46,04 46,25 11.9M
Altria MO 79,15 79,50 77,60 78,05 11.2M
Comcast CMCSA 37,59 37,75 37,11 37,64 11.1M
Schlumberger SLB 58,18 60,14 58,17 59,25 11M
Chevron CVX 63,09 63,92 63,00 63,90 10.9M
HP Inc. HPQ 38,09 38,15 37,61 37,93 10.5M
Wal-Mart Stores WMT 48,40 48,49 47,88 48,12 9.66M
Merck MRK 41,99 42,12 41,64 41,82 9.35M
Home Depot HD 37,75 37,87 37,53 37,76 9.16M
McDonald's MCD 40,50 40,88 40,45 40,84 8.07M
Procter & Gamble PG 62,61 62,72 62,05 62,72 7.69M
Walt Disney & Co. DIS 31,30 31,39 31,06 31,25 6.38M
Amazon AMZN 33,27 33,58 32,49 32,62 6.33M
Johnson & Johnson JNJ 64,84 64,98 64,70 64,96 6.05M
UnitedHealth Group UNH 50,95 50,98 49,56 49,65 5.33M
Bristol-Myers Squibb BMY 24,48 24,57 24,16 24,49 5.31M
Pepsico PEP 63,72 63,84 63,14 63,41 5.21M
International Business Machines IBM 83,71 84,63 83,56 84,19 4.71M
Amgen AMGN 73,93 74,14 73,16 73,73 4.67M
Wells Fargo & Co. WFC 36,41 36,57 36,23 36,28 4.3M
Boeing BA 82,50 82,67 81,80 82,13 4M
Gilead Sciences GILD 65,65 65,65 64,07 64,97 2.92M
United Technologies UTX 65,45 65,81 65,18 65,30 2.42M
3M MMM 75,69 75,76 75,14 75,20 1.9M
Union Pacific UNP 90,00 90,84 89,62 90,40 1.32M
Berkshire Hathaway BRK.B 3274,00 3319,00 3274,00 3314,00 13.9K
Exchange Rates of October 10, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119,670 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,133 CAD 1 CAD = 0,882 USD
US Dollar Swiss Franc 1 USD = 1,271 CHF 1 CHF = 0,787 USD
US Dollar Chinese Yuan 1 USD = 7,905 CNY 1 CNY = 0,126 USD
Euro Japanese Yen 1 EUR = 150,010 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,676 GBP 1 GBP = 1,479 EUR
Euro Australian Dollar 1 EUR = 1,685 AUD 1 AUD = 0,593 EUR
Euro Canadian Dollar 1 EUR = 1,420 CAD 1 CAD = 0,704 EUR
Euro Swiss Franc 1 EUR = 1,593 CHF 1 CHF = 0,628 EUR
Japanese Yen Pound Sterling 1 JPY = 0,450 GBP 1 GBP = 2,220 JPY
Japanese Yen Australian Dollar 1 JPY = 1,123 AUD 1 AUD = 0,890 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,947 CAD 1 CAD = 1,057 JPY
Japanese Yen Swiss Franc 1 JPY = 1,062 CHF 1 CHF = 0,942 JPY
Pound Sterling Australian Dollar 1 GBP = 2,493 AUD 1 AUD = 0,401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,101 CAD 1 CAD = 0,476 GBP
Pound Sterling Swiss Franc 1 GBP = 2,356 CHF 1 CHF = 0,425 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,842 CAD 1 CAD = 1,188 AUD
Australian Dollar Swiss Franc 1 AUD = 0,944 CHF 1 CHF = 1,059 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,121 CHF 1 CHF = 0,892 CAD

See what else happened on October 10, 2006