Financial news on December 15th, 2006
Business and Financial news
Alan F. Shugart was an engineer and entrepreneur whose career defined the modern computer disk drive industry. Read more..
Angelo R. Cali’s family-owned real estate development company merged with the Mack Company in 1997 to create one of the country’s largest real estate investment trusts. Read more..
The New York Times Company named James M. Follo, the former chief financial officer of Martha Stewart Living Omnimedia, as its chief financial officer. Read more..
The two inquiries are just the latest of several into the Interior Department’s Minerals Management Service and its collection of royalties for oil and gas. Read more..
Robert Druskin, Citigroup’s new chief operating officer, said he aims to make a “leaner, thinner Citigroup” to win over frustrated investors. Read more..
OPEC plans to reduce its output by nearly 2 percent in February, an indication that it wants to keep oil prices above $60 a barrel next year. Read more..
The suit accuses oil companies and gas stations of overcharging customers at the pump by failing to compensate for changes in gasoline volumes when temperatures rise. Read more..
A merger would help the United Auto Workers regain some of the influence it has lost as hundreds of thousands of factory jobs have been eliminated. Read more..
The French media conglomerate Vivendi is keeping its 20 percent stake in NBC Universal for now, an apparent vote of confidence in the ability of NBC TV’s chief, Jeff Zucker, to lift the network from the bottom of the ratings heap. Vivendi told NBC’s parent, General Electric, that it decided not to exercise its right next month to sell $3 billion worth of its NBC stake, which is valued at $8.3 billion. Read more..
After suddenly calling off a lengthy ad agency search, Wal-Mart invited four of the five finalists to come pitch again. Three accepted. One walked away. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||35.60||35.77||35.43||35.65||19.6M|
|Walt Disney & Co.||DIS||34.82||34.84||34.15||34.30||14.1M|
|Johnson & Johnson||JNJ||66.57||66.57||65.50||66.29||12.8M|
|Procter & Gamble||PG||63.49||64.24||63.37||64.11||11.5M|
|International Business Machines||IBM||95.61||95.80||95.05||95.30||8.09M|
Exchange Rates of December 15th, 2006
|US Dollar||Japanese Yen||1 USD = 118.160 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.158 CAD||1 CAD = 0.864 USD|
|US Dollar||Swiss Franc||1 USD = 1.221 CHF||1 CHF = 0.819 USD|
|US Dollar||Chinese Yuan||1 USD = 7.828 CNY||1 CNY = 0.128 USD|
|Euro||Japanese Yen||1 EUR = 154.580 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.670 GBP||1 GBP = 1.493 EUR|
|Euro||Australian Dollar||1 EUR = 1.673 AUD||1 AUD = 0.598 EUR|
|Euro||Canadian Dollar||1 EUR = 1.514 CAD||1 CAD = 0.660 EUR|
|Euro||Swiss Franc||1 EUR = 1.598 CHF||1 CHF = 0.626 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.433 GBP||1 GBP = 2.308 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.082 AUD||1 AUD = 0.924 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.979 CAD||1 CAD = 1.021 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.033 CHF||1 CHF = 0.968 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.498 AUD||1 AUD = 0.400 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.260 CAD||1 CAD = 0.442 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.384 CHF||1 CHF = 0.419 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.904 CAD||1 CAD = 1.106 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.954 CHF||1 CHF = 1.048 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.055 CHF||1 CHF = 0.948 CAD|