Financial news on October 12th, 2006

Business and Financial news
2 More Executives Resign Over Options

Chiefs at McAfee and CNet are stepping down, as casualties from investigations of stock option grants continued to mount. Read more..

By LAURIE J. FLYNN - The New York Times

A London Airport Is Sold to Investors

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..

By BLOOMBERG NEWS - The New York Times

Drought in Australia Helps Push Wheat Prices to a 10-Year High

A worsening drought in Australia increased the chances that the country’s wheat crop would be cut by more than half. Read more..

By BLOOMBERG NEWS - The New York Times

Housing Glut’s Impact

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..

By BLOOMBERG NEWS - The New York Times

In the New China, Banks Still Cling to Old Ways

The behavior of Chinese banks seems closer to the 1990’s crony capitalism of Indonesia and Thailand which engendered financial panics. Read more..

By AUSTAN GOOLSBEE - The New York Times

Justice Dept. Approves AT&T-BellSouth Deal

The decision angered consumer groups who said the companies would control too much of the country’s telecommunications networks. Read more..

By KEN BELSON - The New York Times

Locking Down Mac OS X

How do I turn on a password for my Mac? What other kinds of security features are available within Mac OS X? Read more..

By J. D. BIERSDORFER - The New York Times

Shares Are Broadly Lower; Talk of Rate Cut Is Damped

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..

By BLOOMBERG NEWS - The New York Times

Technological Beauty Is More Than Case-Deep

Most point-and-shoot digital cameras still look simple on the outside, but what’s inside is getting more sophisticated. Read more..

By STEPHEN C. MILLER - The New York Times

Visa Plans an Initial Public Offering as Soon as Next Year

The decision highlights the company’s intense rivalry with MasterCard, whose shares surged after it went public in May. Read more..

By ERIC DASH and MICHAEL J. de la MERCED - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18,6519,0018,5218,9944.7M
Cisco SystemsCSCO24,4024,5324,1224,4541.5M
AT&T Inc.T33,0033,6132,9833,6028.9M
General ElectricGE36,2536,3236,1036,2223.4M
HP Inc.HPQ38,0438,5738,0038,4215.6M
JPMorgan ChaseJPM47,7048,5747,5548,2615M
Home DepotHD37,9838,2437,7637,9013.2M
Verizon CommunicationsVZ36,8337,1736,8336,9913.1M
Abbott LaboratoriesABT46,8046,8546,3546,4513M
Wal-Mart StoresWMT48,4948,6748,0848,3212.4M
Bristol-Myers SquibbBMY24,4024,6824,0824,608.26M
Johnson & JohnsonJNJ65,2365,2964,7864,847.9M
Procter & GamblePG62,5762,8762,3262,415.93M
Walt Disney & Co.DIS31,3531,4331,1231,305.93M
Wells Fargo & Co.WFC36,3736,4436,1436,305.45M
UnitedHealth GroupUNH50,0050,0049,0849,625.01M
Gilead SciencesGILD65,5067,1064,9566,854.81M
International Business MachinesIBM84,2084,9084,1084,704.66M
United TechnologiesUTX65,9366,5665,6966,382.78M
Union PacificUNP90,3690,9289,8890,781.26M
Berkshire HathawayBRK.B3307,003333,003306,003329,0013.2K
Exchange Rates of October 12th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 119,330 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,134 CAD1 CAD = 0,882 USD
US DollarSwiss Franc1 USD = 1,268 CHF1 CHF = 0,789 USD
US DollarChinese Yuan1 USD = 7,914 CNY1 CNY = 0,126 USD
EuroJapanese Yen1 EUR = 149,880 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,676 GBP1 GBP = 1,480 EUR
EuroAustralian Dollar1 EUR = 1,670 AUD1 AUD = 0,599 EUR
EuroCanadian Dollar1 EUR = 1,424 CAD1 CAD = 0,702 EUR
EuroSwiss Franc1 EUR = 1,593 CHF1 CHF = 0,628 EUR
Japanese YenPound Sterling1 JPY = 0,450 GBP1 GBP = 2,220 JPY
Japanese YenAustralian Dollar1 JPY = 1,113 AUD1 AUD = 0,898 JPY
Japanese YenCanadian Dollar1 JPY = 0,950 CAD1 CAD = 1,053 JPY
Japanese YenSwiss Franc1 JPY = 1,063 CHF1 CHF = 0,941 JPY
Pound SterlingAustralian Dollar1 GBP = 2,472 AUD1 AUD = 0,405 GBP
Pound SterlingCanadian Dollar1 GBP = 2,108 CAD1 CAD = 0,474 GBP
Pound SterlingSwiss Franc1 GBP = 2,357 CHF1 CHF = 0,424 GBP
Australian DollarCanadian Dollar1 AUD = 0,852 CAD1 CAD = 1,173 AUD
Australian DollarSwiss Franc1 AUD = 0,953 CHF1 CHF = 1,049 AUD
Canadian DollarSwiss Franc1 CAD = 1,118 CHF1 CHF = 0,894 CAD

See what else happened on October 12th, 2006