Financial news on March 14, 2006

Business and Financial news
British Property Tycoon Weighing £4 Billion Bid for Pub Group

Robert Tchenguiz, the property entrepreneur, is poised to launch a bid worth 4 billion pounds for Mitchells & Butlers, the pub and restaurant group behind such brands as All Bar One, Harvester and Vintage Inns. Read more..

By WRITER - The New York Times

Debt Be Proud: Passion for Leverage in Deal Making Grows

Companies and LBO firms are falling over themselves to borrow more for ever bolder deals. Even Vodafone is not considered immune. Why now? Debt is cheap and readily available, but unlikely to stay that way. So borrowers are snapping up debt while stocks last. Go to Article from Breakingviews » Read more..

By WRITER - The New York Times

Duke Spinoff Lands Funding from Battery Ventures

Bright View Technologies, a Duke University spinoff focused on developing microstructures used in state-of-the-art television sets and other optical displays, announced Monday that it has reeled in $7.5 million in venture funds. Boston-based Battery Ventures led the financing. Go to Article from The Triangle Business Journal » Read more..

By WRITER - The New York Times

Grupo Televisa Says It Has Yet to Decide on Univision Bid

Grupo Televisa says it has not decided on participating in the possible sale of Univision Communications, despite reports that it was part of a consortium being formed to weigh a bid. Go to Article from The Houston Chronicle » Read more..

By WRITER - The New York Times

Hong Kong Semiconductor Maker Going Public

Himax Technologies , which designs and develops semiconductors, registered Monday for an initial public offering of up to $200 million in ordinary shares, according to a filing with the Securities and Exchange Commission. Go to Article from The San Jose Mercury News » Read more..

By WRITER - The New York Times

Juniper Jumps on Takeover Talk; Is Ericsson Calling?

As shares of Juniper Networks shot up 5 percent on Tuesday, some market analysts attributed the rise to speculation that Ericsson, the Swedish wireless company, might buy the company. Both Juniper and Ericsson declined to comment, according to Reuters. Meanwhile, one analyst, though he acknowledged that the rumors were out there, said Juniper would be […] Read more..

By DEALBOOK - The New York Times

Legal Setback in Proxy Fight May Force Icahn to Raise Korean Bid

Carl Icahn and Warren Lichtenstein have lost a legal bid to contest three board seats on KT&G Corporation, undermining efforts by the investors to force South Korea’s biggest tobacco company to sell real estate and ginseng assets. The verdict is the latest setback for Mr. Icahn’s campaign to pressure KT&G to sell assets and raise […] Read more..

By WRITER - The New York Times

Should Private Equity Firms Go Public?

At first glance, the idea that private equity firms might themselves go public seems paradoxical. Such an offering might be a hard sell to investors, and there could be significant disadvantages for the firm as well. Nonetheless, there are some good reasons to do it, whatever the drawbacks. And if such a scheme were ever […] Read more..

By WRITER - The New York Times

Vodafone Intrigue Pits Powerful City Titans Against One Another

The open warfare that has rocked Vodafone over the past few weeks is more than a struggle between the old guard and the newcomers. It is a battle between some of the City’s most powerful movers and shakers, many of whom have connections far beyond their jobs at the mobile giant. The key link between […] Read more..

By WRITER - The New York Times

WiMax Start-Up Raises $360 Million in Funding

Clearwire, which operates a wireless broadband network based on the powerful WiMax standard, has raised an additional $360 million in funding. Go to Article from VentureWire Professional » Read more..

By WRITER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC19.6919.9019.6419.7669.3M
Cisco SystemsCSCO20.8321.2520.7721.2555M
Oracle Corp.ORCL12.9012.9812.8712.9644.5M
MicrosoftMSFT27.0027.3826.9927.2339.8M
AlphabetGOOGL336.59352.37332.62351.1636.9M
PfizerPFE25.9126.0025.7725.9723.2M
AppleAAPL65.7967.3265.5067.3222.9M
General ElectricGE33.5033.8533.4833.7819.6M
AT&T Inc.T27.1227.4127.0827.3219.1M
ExxonMobilXOM59.5560.8759.4460.8118.3M
Procter & GamblePG60.0560.6859.6060.0118.2M
JPMorgan ChaseJPM41.2641.5041.2541.3816.2M
Verizon CommunicationsVZ34.1034.4834.0234.3914.4M
Wal-Mart StoresWMT45.1945.5845.1645.3713.7M
Abbott LaboratoriesABT44.6045.2044.5745.1611.7M
ConocoPhillipsCOP60.3060.9059.8260.8311.5M
HP Inc.HPQ33.1533.5733.1133.4010.3M
ChevronCVX55.1856.4755.0356.3510.1M
ComcastCMCSA26.0226.7626.0226.6710M
Home DepotHD41.1142.3841.1142.149.24M
AmgenAMGN73.3175.0673.3175.018.46M
Bristol-Myers SquibbBMY22.8222.9322.7522.918.17M
Johnson & JohnsonJNJ59.1559.4059.0359.297.89M
UnitedHealth GroupUNH55.4956.9455.4556.897.6M
AltriaMO73.4774.5373.4174.467.18M
MerckMRK35.1035.4634.9535.105.91M
Coca-ColaKO42.4742.8742.4442.795.69M
Walt Disney & Co.DIS28.4628.6628.4228.665.69M
McDonald'sMCD34.1734.4134.1234.265.65M
SchlumbergerSLB117.30120.52116.08120.454.92M
Wells Fargo & Co.WFC64.2465.0064.1864.924.62M
International Business MachinesIBM81.5182.9981.4782.884.52M
PepsicoPEP60.2660.5060.1060.434.28M
AmazonAMZN36.0437.0036.0136.914.19M
Gilead SciencesGILD61.4062.9561.1062.873.61M
3MMMM72.1873.7572.1873.532.63M
BoeingBA74.8475.6374.7275.452.6M
United TechnologiesUTX58.0558.4657.9258.312.3M
Union PacificUNP85.7086.6084.8385.211.18M
Berkshire HathawayBRK.B2998.003004.002980.002981.0020K
Exchange Rates of March 14, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.580 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.157 CAD1 CAD = 0.864 USD
US DollarSwiss Franc1 USD = 1.303 CHF1 CHF = 0.768 USD
US DollarChinese Yuan1 USD = 8.047 CNY1 CNY = 0.124 USD
EuroJapanese Yen1 EUR = 141.200 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.688 GBP1 GBP = 1.454 EUR
EuroAustralian Dollar1 EUR = 1.628 AUD1 AUD = 0.614 EUR
EuroCanadian Dollar1 EUR = 1.390 CAD1 CAD = 0.719 EUR
EuroSwiss Franc1 EUR = 1.565 CHF1 CHF = 0.639 EUR
Pound SterlingAustralian Dollar1 GBP = 2.368 AUD1 AUD = 0.422 GBP
Pound SterlingCanadian Dollar1 GBP = 2.021 CAD1 CAD = 0.495 GBP
Pound SterlingSwiss Franc1 GBP = 2.275 CHF1 CHF = 0.440 GBP
Australian DollarCanadian Dollar1 AUD = 0.853 CAD1 CAD = 1.172 AUD
Australian DollarSwiss Franc1 AUD = 0.960 CHF1 CHF = 1.041 AUD

See what else happened on March 14, 2006