Financial news on November 13th, 2006

Business and Financial news
Blow It Up and Start All Over Again

The Walt Disney Company’s new emphasis on cost-cutting and family films even affects Jerry Bruckheimer, the most powerful producer in Hollywood. Read more..

By LAURA M. HOLSON - The New York Times

Company Ross Perot Built Is Now Hiring, in Mexico

The Perot Systems Corporation is setting up a technology center in Guadalajara where it expects to employ 270 engineers by the middle of next year. Read more..

By ELISABETH MALKIN - The New York Times

Ex-Chairman of Insurer May Bid for Tribune

Maurice R. Greenberg has become the latest wealthy mogul to express interest in the struggling newspaper industry. Read more..

By ANDREW ROSS SORKIN - The New York Times

Investors Back Experimental Ethanol Plant

The Mascoma Corporation plans to announce Monday that it has received $30 million in financing for a plant to produce ethanol from nontraditional sources. Read more..

By MIGUEL HELFT - The New York Times

Joining Nordstrom’s Piano Players, Racks of Selected CD’s for Sale

The upscale department store Nordstrom is now betting on a new set of rising stars: musicians. Read more..

By MICHAEL BARBARO - The New York Times

KB Home Ousts Its Chief and 2 Others

Bruce E. Karatz resigned under pressure and agreed to return $13 million in profit from backdated stock options. Read more..

By ERIC DASH and VIKAS BAJAJ - The New York Times

Nate Gooden, 68, a U.A.W. Vice President, Dies

Mr. Gooden recently retired as a vice president of the United Automobile Workers union and served on the board of DaimlerChrysler AG. Read more..


Ready for Close-Up and a Bank Job

Morgan Stanley will choose two candidates for an internship based on how many votes each applicant’s homemade video receives. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Some Names Were Named, but Not for Long

Speculation about the sexual orientation of some high-ranking Republican officials was aired once on Larry King Live, but edited out of future broadcasts. Read more..

By MARIA ASPAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26,7526,8026,5226,6849.3M
Oracle Corp.ORCL18,7919,2118,7519,1834.4M
Wal-Mart StoresWMT46,4746,8445,9746,3224.2M
General ElectricGE35,2835,6635,2835,3620.8M
Home DepotHD36,4436,7736,2536,4020.6M
AT&T Inc.T33,0533,4832,9733,0617M
HP Inc.HPQ40,0040,2739,9340,2213.5M
Walt Disney & Co.DIS32,3032,3531,7032,2611.9M
Verizon CommunicationsVZ35,5936,0735,5035,9510.9M
UnitedHealth GroupUNH46,2446,8645,8046,759.12M
Johnson & JohnsonJNJ66,2566,7865,7565,948.79M
Abbott LaboratoriesABT45,8546,2945,5745,658.52M
JPMorgan ChaseJPM47,4047,8947,3647,667.66M
Wells Fargo & Co.WFC36,7136,9536,3936,496.55M
Bristol-Myers SquibbBMY24,3224,6824,3124,416.21M
Procter & GamblePG63,7763,7963,1563,256.03M
International Business MachinesIBM91,7592,4391,4192,074.36M
United TechnologiesUTX65,1865,8565,0665,323.16M
Gilead SciencesGILD67,2267,5966,3967,072.32M
Union PacificUNP91,1492,9591,0292,551.29M
Berkshire HathawayBRK.B3596,003600,003539,003548,0013.5K
Exchange Rates of November 13th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118,150 JPY1 JPY = 0,008 USD
US DollarCanadian Dollar1 USD = 1,138 CAD1 CAD = 0,879 USD
US DollarSwiss Franc1 USD = 1,245 CHF1 CHF = 0,803 USD
US DollarChinese Yuan1 USD = 7,864 CNY1 CNY = 0,127 USD
EuroJapanese Yen1 EUR = 151,300 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,673 GBP1 GBP = 1,485 EUR
EuroAustralian Dollar1 EUR = 1,680 AUD1 AUD = 0,595 EUR
EuroCanadian Dollar1 EUR = 1,457 CAD1 CAD = 0,686 EUR
EuroSwiss Franc1 EUR = 1,594 CHF1 CHF = 0,627 EUR
Japanese YenPound Sterling1 JPY = 0,445 GBP1 GBP = 2,248 JPY
Japanese YenAustralian Dollar1 JPY = 1,110 AUD1 AUD = 0,901 JPY
Japanese YenCanadian Dollar1 JPY = 0,963 CAD1 CAD = 1,039 JPY
Japanese YenSwiss Franc1 JPY = 1,053 CHF1 CHF = 0,949 JPY
Pound SterlingAustralian Dollar1 GBP = 2,495 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,163 CAD1 CAD = 0,462 GBP
Pound SterlingSwiss Franc1 GBP = 2,366 CHF1 CHF = 0,423 GBP
Australian DollarCanadian Dollar1 AUD = 0,867 CAD1 CAD = 1,154 AUD
Australian DollarSwiss Franc1 AUD = 0,948 CHF1 CHF = 1,055 AUD
Canadian DollarSwiss Franc1 CAD = 1,094 CHF1 CHF = 0,914 CAD

See what else happened on November 13th, 2006