Financial news on October 11th, 2006
Business and Financial news
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..
Shelby Bonnie resigned following a review of the company's stock-options practices. Read more..
By Bloomberg News. Read more..
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..
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..
Raymond J. Noorda was a co-founder of Novell Inc., a software company that helped pioneer computer networking. Read more..
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..
Churches and ordained clergy of all faiths get a series of tax exemptions that secular organizations and workers do not. Read more..
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..
EUROPE. Read more..
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 11th, 2006
| Currencies | Exchange 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 11th, 2006