Financial news on October 11, 2006

Business and Financial news
Airbus Chief Says Layoffs Lie Ahead for Managers

The new chief of Airbus warned Tuesday that job cuts would be unavoidable as the company worked to streamline management and increase productivity. Read more..

By NICOLA CLARK<br />International Herald Tribune - The New York Times

CNET C.E.O. Steps Down Following Stock Options Probe

Shelby Bonnie resigned following a review of the company's stock-options practices. Read more..

By ASSOCIATED PRESS - The New York Times

Ex-Cendant Chief’s 3rd Trial Starts in Securities Fraud Case

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Icahn Looms as ImClone’s Chairman Resigns

The resignations of the chairman and another director move the billionaire investor Carl C. Icahn closer to his goal of gaining control of ImClone’s board. Read more..

By ANDREW POLLACK - The New York Times

New Venture for Ex-Star of GLG Fund

A former star manager with GLG Partners, one of Europe’s biggest hedge funds, is setting up a new hedge fund of about $2 billion in Geneva. Read more..

By HEATHER TIMMONS - The New York Times

Raymond Noorda, 82, Novell Founder, Dies

Raymond J. Noorda was a co-founder of Novell Inc., a software company that helped pioneer computer networking. Read more..

By BARRY MEIER - The New York Times

Reader Responses

The following are excerpts of reader feedback to the Oct. 11 Economix column on charitable giving and, in some cases, David Leonhardt’s replies to readers. Read more..

By DAVID LEONHARDT - The New York Times

Religion-Based Tax Breaks: Housing to Paychecks to Books

Churches and ordained clergy of all faiths get a series of tax exemptions that secular organizations and workers do not. Read more..

By DIANA B. HENRIQUES - The New York Times

Soon a Home to Flying Pucks and Balls

Next month, the sound of athletics is expected in a $38 million sports entertainment complex built on a corner of Floyd Bennett Field in Brooklyn. Read more..

By JANE GORDON - The New York Times

World Business Briefing: Europe and Americas

EUROPE. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.76 21.28 20.74 20.89 107M
AT&T Inc. T 32.77 33.16 32.66 32.96 47.3M
Cisco Systems CSCO 24.21 24.55 24.17 24.40 40.3M
Oracle Corp. ORCL 18.68 18.79 18.48 18.58 37.7M
Microsoft MSFT 27.46 27.67 27.42 27.54 37.2M
Pfizer PFE 27.48 27.50 27.20 27.29 32.4M
ExxonMobil XOM 66.85 67.05 66.25 66.53 20.5M
Apple AAPL 73.42 73.98 72.60 73.23 20.4M
General Electric GE 36.20 36.40 36.03 36.17 19.5M
HP Inc. HPQ 37.93 38.33 37.78 37.87 16.4M
Verizon Communications VZ 36.62 36.95 36.54 36.60 14.2M
Abbott Laboratories ABT 46.25 46.77 46.05 46.47 12.7M
ConocoPhillips COP 57.80 58.34 57.30 57.63 12.3M
Comcast CMCSA 37.68 38.06 37.44 37.69 12M
Schlumberger SLB 59.25 59.31 57.34 57.46 11.8M
Home Depot HD 37.56 38.20 37.56 37.92 11.5M
Alphabet GOOGL 425.02 429.91 423.76 426.50 11.3M
McDonald's MCD 40.61 41.28 40.60 41.25 10.8M
JPMorgan Chase JPM 47.30 47.70 47.17 47.64 10.3M
Wal-Mart Stores WMT 48.03 48.45 47.87 48.31 10M
Chevron CVX 63.63 63.83 63.00 63.10 9.42M
Altria MO 78.05 78.93 77.99 78.83 9.08M
Merck MRK 41.65 42.19 41.61 42.19 8.63M
Amgen AMGN 73.27 73.90 72.54 73.47 7.07M
Amazon AMZN 32.61 33.15 32.27 32.91 6.73M
Pepsico PEP 62.62 64.13 62.62 63.86 6.15M
International Business Machines IBM 84.15 84.69 83.79 84.19 5.21M
Coca-Cola KO 43.99 44.15 43.90 44.12 5.21M
Johnson & Johnson JNJ 64.89 65.20 64.80 65.10 4.86M
Procter & Gamble PG 62.28 62.67 62.12 62.48 4.83M
UnitedHealth Group UNH 49.62 50.37 49.30 50.10 4.65M
Wells Fargo & Co. WFC 36.28 36.38 36.02 36.22 4.63M
Walt Disney & Co. DIS 31.20 31.40 31.15 31.31 4.52M
Bristol-Myers Squibb BMY 24.50 24.60 24.25 24.30 4.32M
Gilead Sciences GILD 64.58 65.44 64.10 65.31 3.45M
Boeing BA 81.95 82.00 80.89 81.64 3.26M
3M MMM 75.20 75.60 74.99 75.47 2.67M
United Technologies UTX 65.30 65.64 64.73 65.52 2.5M
Union Pacific UNP 90.10 90.16 89.35 90.00 882K
Berkshire Hathaway BRK.B 3313.00 3314.00 3292.00 3304.00 8.4K
Exchange Rates of October 11, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 119.660 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.138 CAD 1 CAD = 0.879 USD
US Dollar Swiss Franc 1 USD = 1.272 CHF 1 CHF = 0.786 USD
US Dollar Chinese Yuan 1 USD = 7.916 CNY 1 CNY = 0.126 USD
Euro Japanese Yen 1 EUR = 149.840 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.481 EUR
Euro Australian Dollar 1 EUR = 1.686 AUD 1 AUD = 0.593 EUR
Euro Canadian Dollar 1 EUR = 1.424 CAD 1 CAD = 0.702 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 = 2.221 JPY
Japanese Yen Australian Dollar 1 JPY = 1.124 AUD 1 AUD = 0.889 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.950 CAD 1 CAD = 1.053 JPY
Japanese Yen Swiss Franc 1 JPY = 1.063 CHF 1 CHF = 0.941 JPY
Pound Sterling Australian Dollar 1 GBP = 2.497 AUD 1 AUD = 0.401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.109 CAD 1 CAD = 0.474 GBP
Pound Sterling Swiss Franc 1 GBP = 2.358 CHF 1 CHF = 0.424 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.844 CAD 1 CAD = 1.184 AUD
Australian Dollar Swiss Franc 1 AUD = 0.944 CHF 1 CHF = 1.059 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.118 CHF 1 CHF = 0.895 CAD

See what else happened on October 11, 2006