Financial news on August 11, 2006

Business and Financial news
2 Editors Resign at Web Site Linked to Journalism Review

The managing editor of CJRDaily.org, an online adjunct of The Columbia Journalism Review, and his deputy quit after they were told the site’s budget would be cut in half. Read more..

By KATHARINE Q. SEELYE - The New York Times

A Wall Street Rush to Patent Profit-Making Methods

An intellectual property arms race is escalating on Wall Street where firms are building up stockpiles of patents for all sorts of financial dealings. Read more..

By JULIE CRESWELL - The New York Times

BetOnSports, After Indictment, Folds Its Hand and Shifts Focus to Asia

BetOnSports told 800 employees in Costa Rica and Antigua, where the virtual casino has its operations, that they would be losing their jobs. Read more..

By MATT RICHTEL - The New York Times

Hedge Fund Manager Who Plays His Cards Right

After entering the World Series of Poker on a whim, David Einhorn won more than $650,000 and gave all his winnings to charity. Read more..

By JENNY ANDERSON - The New York Times

I.B.M. to Buy Content Software Maker for $1.6 Billion

The acquisition of FileNet is a move by I.B.M. to strengthen its position in the market for content management software. Read more..

By STEVE LOHR - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 19.60 19.73 19.37 19.54 42.2M
Intel INTC 17.37 17.79 17.36 17.41 41.4M
Bristol-Myers Squibb BMY 20.83 20.85 20.08 20.24 38.3M
Microsoft MSFT 24.37 24.45 24.20 24.43 30.3M
Apple AAPL 63.25 64.13 62.58 63.65 27.8M
Oracle Corp. ORCL 15.10 15.16 14.89 14.99 19.3M
ExxonMobil XOM 68.97 69.96 68.85 69.73 18M
Pfizer PFE 25.83 25.89 25.53 25.82 16.3M
General Electric GE 32.62 32.78 32.42 32.50 15.3M
Home Depot HD 33.30 33.73 33.07 33.27 11.9M
AT&T Inc. T 30.00 30.52 30.00 30.22 9.04M
HP Inc. HPQ 32.90 33.08 32.68 33.05 8.83M
Merck MRK 40.95 41.05 40.42 40.60 8.43M
Wal-Mart Stores WMT 44.90 44.94 44.30 44.69 8.24M
Procter & Gamble PG 59.99 60.45 59.79 60.26 8.09M
Verizon Communications VZ 33.85 34.07 33.75 34.07 8.08M
Alphabet GOOGL 373.88 375.28 368.00 368.50 7.53M
Johnson & Johnson JNJ 63.56 63.79 63.40 63.47 7.51M
ConocoPhillips COP 67.70 68.47 67.20 68.38 7.14M
Walt Disney & Co. DIS 29.62 29.68 29.22 29.43 6.92M
JPMorgan Chase JPM 44.05 44.15 43.50 43.93 6.87M
Comcast CMCSA 33.82 34.42 33.76 34.36 6.76M
Amgen AMGN 66.84 66.99 65.79 66.40 6.47M
Schlumberger SLB 64.17 64.99 63.34 63.96 5.3M
Abbott Laboratories ABT 47.07 47.69 47.04 47.41 5.2M
Amazon AMZN 26.20 26.43 25.76 26.07 5.12M
Chevron CVX 67.34 67.99 67.11 67.85 5.11M
UnitedHealth Group UNH 47.30 47.74 46.98 47.57 3.74M
International Business Machines IBM 75.20 75.78 75.20 75.48 3.7M
3M MMM 68.41 68.94 68.37 68.53 3.37M
Altria MO 80.56 80.97 80.33 80.84 3.32M
Boeing BA 76.22 76.76 75.66 75.96 3.27M
Wells Fargo & Co. WFC 69.50 69.68 68.95 69.59 3.02M
Coca-Cola KO 43.77 43.88 43.61 43.76 2.84M
McDonald's MCD 34.87 34.96 34.50 34.69 2.51M
Gilead Sciences GILD 61.70 62.34 61.55 62.05 2.37M
United Technologies UTX 60.01 60.46 59.56 60.15 1.99M
Pepsico PEP 62.99 63.47 62.96 63.33 1.97M
Union Pacific UNP 79.92 80.50 79.02 79.21 1.02M
Berkshire Hathaway BRK.B 3095.00 3102.50 3091.00 3102.00 9.1K
Exchange Rates of August 11, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.300 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.125 CAD 1 CAD = 0.889 USD
US Dollar Swiss Franc 1 USD = 1.243 CHF 1 CHF = 0.805 USD
US Dollar Chinese Yuan 1 USD = 7.976 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 147.950 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.673 GBP 1 GBP = 1.486 EUR
Euro Australian Dollar 1 EUR = 1.660 AUD 1 AUD = 0.603 EUR
Euro Canadian Dollar 1 EUR = 1.430 CAD 1 CAD = 0.699 EUR
Euro Swiss Franc 1 EUR = 1.581 CHF 1 CHF = 0.632 EUR
Japanese Yen Pound Sterling 1 JPY = 0.455 GBP 1 GBP = 2.199 JPY
Japanese Yen Australian Dollar 1 JPY = 1.121 AUD 1 AUD = 0.892 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.967 CAD 1 CAD = 1.035 JPY
Japanese Yen Swiss Franc 1 JPY = 1.069 CHF 1 CHF = 0.936 JPY
Pound Sterling Australian Dollar 1 GBP = 2.466 AUD 1 AUD = 0.405 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.126 CAD 1 CAD = 0.470 GBP
Pound Sterling Swiss Franc 1 GBP = 2.349 CHF 1 CHF = 0.426 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.861 CAD 1 CAD = 1.161 AUD
Australian Dollar Swiss Franc 1 AUD = 0.952 CHF 1 CHF = 1.050 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.105 CHF 1 CHF = 0.905 CAD

See what else happened on August 11, 2006