Financial news on August 11, 2006
Business and Financial news
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..
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..
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..
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..
The acquisition of FileNet is a move by I.B.M. to strengthen its position in the market for content management software. Read more..
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
| Currencies | Exchange 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