Financial news on October 12th, 2006
Business and Financial news
Chiefs at McAfee and CNet are stepping down, as casualties from investigations of stock option grants continued to mount. Read more..
The American International Group and a team of investors agreed to buy London City Airport, taking over a terminal serving almost two million regional business travelers a year. Terms were not disclosed. AIG, the world’s largest insurer, and an in... Read more..
A worsening drought in Australia increased the chances that the country’s wheat crop would be cut by more than half. Read more..
Prices of new houses will fall this year for the first time since 1991, and existing homes will have the smallest gain ever. Read more..
The behavior of Chinese banks seems closer to the 1990’s crony capitalism of Indonesia and Thailand which engendered financial panics. Read more..
The decision angered consumer groups who said the companies would control too much of the country’s telecommunications networks. Read more..
How do I turn on a password for my Mac? What other kinds of security features are available within Mac OS X? Read more..
Blue-chip stocks fell for the first time in three days after Alcoa had begun the quarterly earnings season by missing analysts’ estimates. Read more..
Most point-and-shoot digital cameras still look simple on the outside, but what’s inside is getting more sophisticated. Read more..
The decision highlights the company’s intense rivalry with MasterCard, whose shares surged after it went public in May. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 27.58 | 28.29 | 27.54 | 28.22 | 120M |
| Intel | INTC | 21.11 | 21.55 | 20.95 | 21.49 | 81.9M |
| Oracle Corp. | ORCL | 18.65 | 19.00 | 18.52 | 18.99 | 44.7M |
| Cisco Systems | CSCO | 24.40 | 24.53 | 24.12 | 24.45 | 41.5M |
| AT&T Inc. | T | 33.00 | 33.61 | 32.98 | 33.60 | 28.9M |
| Pfizer | PFE | 27.29 | 27.74 | 27.27 | 27.65 | 26.6M |
| General Electric | GE | 36.25 | 36.32 | 36.10 | 36.22 | 23.4M |
| Apple | AAPL | 73.61 | 75.39 | 73.60 | 75.26 | 21.2M |
| McDonald's | MCD | 41.92 | 42.46 | 41.80 | 42.23 | 19M |
| ExxonMobil | XOM | 66.88 | 67.75 | 66.86 | 67.65 | 18.5M |
| ConocoPhillips | COP | 58.00 | 59.07 | 57.74 | 58.81 | 18.2M |
| Comcast | CMCSA | 37.85 | 38.71 | 37.58 | 38.38 | 16.3M |
| HP Inc. | HPQ | 38.04 | 38.57 | 38.00 | 38.42 | 15.6M |
| JPMorgan Chase | JPM | 47.70 | 48.57 | 47.55 | 48.26 | 15M |
| Home Depot | HD | 37.98 | 38.24 | 37.76 | 37.90 | 13.2M |
| Verizon Communications | VZ | 36.83 | 37.17 | 36.83 | 36.99 | 13.1M |
| Abbott Laboratories | ABT | 46.80 | 46.85 | 46.35 | 46.45 | 13M |
| Wal-Mart Stores | WMT | 48.49 | 48.67 | 48.08 | 48.32 | 12.4M |
| Pepsico | PEP | 63.00 | 63.50 | 62.16 | 62.85 | 10.9M |
| Schlumberger | SLB | 57.80 | 58.35 | 57.23 | 57.83 | 10.6M |
| Alphabet | GOOGL | 428.56 | 429.68 | 424.00 | 427.44 | 9.68M |
| Merck | MRK | 42.35 | 42.85 | 42.19 | 42.76 | 8.57M |
| Bristol-Myers Squibb | BMY | 24.40 | 24.68 | 24.08 | 24.60 | 8.26M |
| Chevron | CVX | 63.49 | 64.16 | 63.31 | 64.02 | 8.14M |
| Johnson & Johnson | JNJ | 65.23 | 65.29 | 64.78 | 64.84 | 7.9M |
| Altria | MO | 79.20 | 79.20 | 78.38 | 78.78 | 7.76M |
| Amazon | AMZN | 33.10 | 33.71 | 32.63 | 33.55 | 5.99M |
| Procter & Gamble | PG | 62.57 | 62.87 | 62.32 | 62.41 | 5.93M |
| Walt Disney & Co. | DIS | 31.35 | 31.43 | 31.12 | 31.30 | 5.93M |
| Amgen | AMGN | 73.64 | 74.12 | 73.26 | 74.09 | 5.82M |
| Coca-Cola | KO | 44.20 | 44.25 | 43.96 | 44.05 | 5.52M |
| Wells Fargo & Co. | WFC | 36.37 | 36.44 | 36.14 | 36.30 | 5.45M |
| UnitedHealth Group | UNH | 50.00 | 50.00 | 49.08 | 49.62 | 5.01M |
| Gilead Sciences | GILD | 65.50 | 67.10 | 64.95 | 66.85 | 4.81M |
| International Business Machines | IBM | 84.20 | 84.90 | 84.10 | 84.70 | 4.66M |
| Boeing | BA | 82.20 | 83.86 | 82.10 | 83.64 | 4.13M |
| United Technologies | UTX | 65.93 | 66.56 | 65.69 | 66.38 | 2.78M |
| 3M | MMM | 75.44 | 75.55 | 74.86 | 75.43 | 2.11M |
| Union Pacific | UNP | 90.36 | 90.92 | 89.88 | 90.78 | 1.26M |
| Berkshire Hathaway | BRK.B | 3307.00 | 3333.00 | 3306.00 | 3329.00 | 13.2K |
Exchange Rates of October 12th, 2006
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 119.330 JPY | 1 JPY = 0.008 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.134 CAD | 1 CAD = 0.882 USD |
| US Dollar | Swiss Franc | 1 USD = 1.268 CHF | 1 CHF = 0.789 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.914 CNY | 1 CNY = 0.126 USD |
| Euro | Japanese Yen | 1 EUR = 149.880 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.676 GBP | 1 GBP = 1.480 EUR |
| Euro | Australian Dollar | 1 EUR = 1.670 AUD | 1 AUD = 0.599 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 = 2.220 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.113 AUD | 1 AUD = 0.898 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 = 2.472 AUD | 1 AUD = 0.405 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.108 CAD | 1 CAD = 0.474 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.357 CHF | 1 CHF = 0.424 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.852 CAD | 1 CAD = 1.173 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.953 CHF | 1 CHF = 1.049 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.118 CHF | 1 CHF = 0.894 CAD |
See what else happened on October 12th, 2006