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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19.69 19.90 19.64 19.76 69.3M
Cisco Systems CSCO 20.83 21.25 20.77 21.25 55M
Oracle Corp. ORCL 12.90 12.98 12.87 12.96 44.5M
Microsoft MSFT 27.00 27.38 26.99 27.23 39.8M
Alphabet GOOGL 336.59 352.37 332.62 351.16 36.9M
Pfizer PFE 25.91 26.00 25.77 25.97 23.2M
Apple AAPL 65.79 67.32 65.50 67.32 22.9M
General Electric GE 33.50 33.85 33.48 33.78 19.6M
AT&T Inc. T 27.12 27.41 27.08 27.32 19.1M
ExxonMobil XOM 59.55 60.87 59.44 60.81 18.3M
Procter & Gamble PG 60.05 60.68 59.60 60.01 18.2M
JPMorgan Chase JPM 41.26 41.50 41.25 41.38 16.2M
Verizon Communications VZ 34.10 34.48 34.02 34.39 14.4M
Wal-Mart Stores WMT 45.19 45.58 45.16 45.37 13.7M
Abbott Laboratories ABT 44.60 45.20 44.57 45.16 11.7M
ConocoPhillips COP 60.30 60.90 59.82 60.83 11.5M
HP Inc. HPQ 33.15 33.57 33.11 33.40 10.3M
Chevron CVX 55.18 56.47 55.03 56.35 10.1M
Comcast CMCSA 26.02 26.76 26.02 26.67 10M
Home Depot HD 41.11 42.38 41.11 42.14 9.24M
Amgen AMGN 73.31 75.06 73.31 75.01 8.46M
Bristol-Myers Squibb BMY 22.82 22.93 22.75 22.91 8.17M
Johnson & Johnson JNJ 59.15 59.40 59.03 59.29 7.89M
UnitedHealth Group UNH 55.49 56.94 55.45 56.89 7.6M
Altria MO 73.47 74.53 73.41 74.46 7.18M
Merck MRK 35.10 35.46 34.95 35.10 5.91M
Coca-Cola KO 42.47 42.87 42.44 42.79 5.69M
Walt Disney & Co. DIS 28.46 28.66 28.42 28.66 5.69M
McDonald's MCD 34.17 34.41 34.12 34.26 5.65M
Schlumberger SLB 117.30 120.52 116.08 120.45 4.92M
Wells Fargo & Co. WFC 64.24 65.00 64.18 64.92 4.62M
International Business Machines IBM 81.51 82.99 81.47 82.88 4.52M
Pepsico PEP 60.26 60.50 60.10 60.43 4.28M
Amazon AMZN 36.04 37.00 36.01 36.91 4.19M
Gilead Sciences GILD 61.40 62.95 61.10 62.87 3.61M
3M MMM 72.18 73.75 72.18 73.53 2.63M
Boeing BA 74.84 75.63 74.72 75.45 2.6M
United Technologies UTX 58.05 58.46 57.92 58.31 2.3M
Union Pacific UNP 85.70 86.60 84.83 85.21 1.18M
Berkshire Hathaway BRK.B 2998.00 3004.00 2980.00 2981.00 20K
Exchange Rates of March 14, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.580 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.157 CAD 1 CAD = 0.864 USD
US Dollar Swiss Franc 1 USD = 1.303 CHF 1 CHF = 0.768 USD
US Dollar Chinese Yuan 1 USD = 8.047 CNY 1 CNY = 0.124 USD
Euro Japanese Yen 1 EUR = 141.200 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.688 GBP 1 GBP = 1.454 EUR
Euro Australian Dollar 1 EUR = 1.628 AUD 1 AUD = 0.614 EUR
Euro Canadian Dollar 1 EUR = 1.390 CAD 1 CAD = 0.719 EUR
Euro Swiss Franc 1 EUR = 1.565 CHF 1 CHF = 0.639 EUR
Pound Sterling Australian Dollar 1 GBP = 2.368 AUD 1 AUD = 0.422 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.021 CAD 1 CAD = 0.495 GBP
Pound Sterling Swiss Franc 1 GBP = 2.275 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.853 CAD 1 CAD = 1.172 AUD
Australian Dollar Swiss Franc 1 AUD = 0.960 CHF 1 CHF = 1.041 AUD

See what else happened on March 14, 2006