Financial news on November 15th, 2006

Business and Financial news
After Setbacks, Sears Holdings Ends Bid to Privatize Its Canadian Subsidiary

Sears Holdings abandoned its attempt to take Sears Canada private after a rejection by shareholders on Tuesday and an unfavorable court ruling. Read more..

By IAN AUSTEN - The New York Times

Comair Flight Attendants Approve Pay Cut

Comair Flight Attendants Approve Pay Cut. Read more..

By BLOOMBERG NEWS - The New York Times

Ford Profits for a Few Years Are Revised Higher

DEARBORN, Mich., Nov. 14 — The Ford Motor Company fared better in the first half of this decade than its own original statements had led everyone to believe, but analysts have growing doubts about how quickly the automaker can return to profitabil... Read more..

By NICK BUNKLEY - The New York Times

G.O.P. House Leaders Withdraw Vietnam Trade Bill

The failure of the bill was a deep disappointment and embarrassment for President Bush on the eve of his trip to Vietnam this week. Read more..

By STEVEN R. WEISMAN - The New York Times

Judge Delays KPMG Tax Trial Over Legal Fees Dispute

The judge indefinitely postponed the trial of former employees, citing concerns that the defendants will not be able to pay their lawyers. Read more..

By LYNNLEY BROWNING - The New York Times

O. J. Simpson Writes a Book He’ll Discuss on Fox TV

The book, which has a working title of “O.J. Simpson: If I Did It, Here’s How It Happened,” will depict Mr. Simpson describing how he would have carried out the murders. Read more..

By EDWARD WYATT - The New York Times

Rare Look at China’s Burdened Banks

A loan risk adviser told top executives that up to $3 billion in bad loans might have been intentionally hidden from outside auditors. Read more..

By DAVID BARBOZA - The New York Times

Rules for Small Businesses Will Recertify Their Sizes

The Small Business Administration announced new rules yesterday intended to help small businesses obtain more federal contracts and to assure that contracts set aside for small businesses are not going to larger companies. Read more..

By RON NIXON - The New York Times

U.S. Official Presses China to Punish Piracy

Commerce Secretary Carlos M. Gutierrez called on Beijing to make it easier to prosecute criminals who steal intellectual property. Read more..

By DAVID LAGUE - The New York Times

Voters Back Limits on Eminent Domain

More states are using ballot measures to limit eminent domain powers to force the sale of land for economic development. Read more..

By TERRY PRISTIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.6226.7526.5026.6047.3M
AT&T Inc.T33.0033.0231.7532.4638.6M
Home DepotHD37.8538.2937.4137.6228.5M
General ElectricGE35.5135.9235.4935.7923.8M
Oracle Corp.ORCL19.1419.2719.0719.1219.2M
HP Inc.HPQ40.6840.8539.7639.7917.9M
Wal-Mart StoresWMT47.7748.0847.5847.6816.5M
Abbott LaboratoriesABT46.6047.2546.5746.9914.7M
JPMorgan ChaseJPM47.5747.6746.9947.4511.3M
Verizon CommunicationsVZ36.2536.2535.7036.0910.9M
Walt Disney & Co.DIS32.4332.7732.3432.6910.7M
Wells Fargo & Co.WFC36.6336.7236.1236.239.74M
Bristol-Myers SquibbBMY24.2724.5124.1524.508.3M
Johnson & JohnsonJNJ66.5667.0066.4266.547.77M
UnitedHealth GroupUNH47.3948.0847.3547.967.7M
Procter & GamblePG63.1263.4762.9863.125.56M
International Business MachinesIBM93.0893.2892.5493.114.17M
Gilead SciencesGILD67.5468.7567.4167.873.83M
United TechnologiesUTX65.3165.8065.3165.603.29M
Union PacificUNP91.9192.2590.9391.242.17M
Berkshire HathawayBRK.B3560.003572.003548.003570.0010.5K
Exchange Rates of November 15th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.010 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.139 CAD1 CAD = 0.878 USD
US DollarSwiss Franc1 USD = 1.246 CHF1 CHF = 0.803 USD
US DollarChinese Yuan1 USD = 7.869 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 151.380 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.473 EUR
EuroAustralian Dollar1 EUR = 1.676 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.460 CAD1 CAD = 0.685 EUR
EuroSwiss Franc1 EUR = 1.598 CHF1 CHF = 0.626 EUR
Japanese YenPound Sterling1 JPY = 0.448 GBP1 GBP = 2.231 JPY
Japanese YenAustralian Dollar1 JPY = 1.107 AUD1 AUD = 0.904 JPY
Japanese YenCanadian Dollar1 JPY = 0.964 CAD1 CAD = 1.037 JPY
Japanese YenSwiss Franc1 JPY = 1.055 CHF1 CHF = 0.948 JPY
Pound SterlingAustralian Dollar1 GBP = 2.469 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.151 CAD1 CAD = 0.465 GBP
Pound SterlingSwiss Franc1 GBP = 2.353 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.871 CAD1 CAD = 1.148 AUD
Australian DollarSwiss Franc1 AUD = 0.953 CHF1 CHF = 1.050 AUD
Canadian DollarSwiss Franc1 CAD = 1.094 CHF1 CHF = 0.914 CAD

See what else happened on November 15th, 2006