Financial news on November 16th, 2006

Business and Financial news
A Digital S.L.R. That Gives Hints on What an F-Stop Means

The new Nikon D40, for $600, allows users to preview the effects of different settings by viewing sample photos on the camera’s screen. Read more..

By IAN AUSTEN - The New York Times

Ex-Enron Officer Given 5½ Years in Prison

Richard A. Causey, the last of the top Enron executives to learn his punishment, was sentenced Wednesday to five and a half years in prison for his role in the corporate accounting scandal. Mr. Causey, the company’s former chief accounting officer, pleaded guilty in December to securities fraud, two weeks before he was to be tried along with the founder of Enron, Kenneth L. Lay, and the former chief executive, Jeffrey K. Skilling, on conspiracy, fraud and other charges related to the company’s collapse. Read more..

By DEALBOOK - The New York Times

Free AOL Stuff, Courtesy of Bubble 2.0

AOL looks a lot like Yahoo these days and a few goodies, once reserved for paying members, are especially attractive now. Read more..

By DAVID POGUE - The New York Times

Heart Risk Seen in Drug for Anemia

A new study suggests that high doses of a best-selling drug used to treat anemia in dialysis and cancer patients may increase the risk of heart problems. Read more..

By ALEX BERENSON - The New York Times

Hello, Mom? I’m in the Pool. What Time Is Dinner?

A new cellphone offered by Verizon is rugged and completely submersible in water. Read more..

By JOHN BIGGS - The New York Times

Shares Rise as Airline Bid Buoys Wall St.

Stocks rose for a fourth day after US Airways bid $8 billion for Delta Air Lines, touching off a rally in airline shares. Read more..

By BLOOMBERG NEWS - The New York Times

Step 1 in Starting a Small Business: Hire a Lawyer

When starting a business, even the most sophisticated of businesspeople find that they need a lawyer to guide them through the most basic of decisions. Read more..

By ELLEN ROSEN - The New York Times

The Many Lives of US Airways

The ever-scrappy carrier has emerged from its trials with a new strategy, aiming to be the world’s largest airline. Read more..

By JEREMY W. PETERS - The New York Times

US Airways Seeks to Acquire Delta in Bid to Be No. 1

US Airways made an $8 billion offer for Delta Air Lines in an effort to become the largest airline in the world. Read more..

By ANDREW ROSS SORKIN - The New York Times

U.S. Presses Complaint on Airbus

The U.S. warned that the plane maker would break international rules if it accepted aid to build its new wide-body A350. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.7527.3226.7327.1565.7M
HP Inc.HPQ40.0040.2539.7240.1328.6M
General ElectricGE35.8736.1335.8735.9622.9M
Oracle Corp.ORCL19.1619.2018.8919.1022.1M
AT&T Inc.T32.3632.7332.1632.4020.8M
Home DepotHD37.8037.9037.1737.8119M
Verizon CommunicationsVZ36.0536.1535.7535.9412.1M
Wal-Mart StoresWMT47.9847.9947.5047.9111.1M
Johnson & JohnsonJNJ66.5066.6465.8166.5310.4M
Walt Disney & Co.DIS32.9433.1032.6933.068.68M
Abbott LaboratoriesABT47.4047.6347.1847.498.44M
JPMorgan ChaseJPM47.5047.9847.3747.858.19M
Wells Fargo & Co.WFC36.6136.6336.3536.507.1M
Bristol-Myers SquibbBMY24.4724.7124.3924.665.96M
UnitedHealth GroupUNH48.2048.2947.5047.625.27M
Procter & GamblePG63.2763.8163.0063.524.84M
International Business MachinesIBM93.0793.6092.6093.474.17M
United TechnologiesUTX65.9466.9365.7666.763.87M
Gilead SciencesGILD68.2068.9268.1168.282.59M
Union PacificUNP91.3092.4790.9591.991.44M
Berkshire HathawayBRK.B3588.003591.003560.003564.5010.9K
Exchange Rates of November 16th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.210 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.142 CAD1 CAD = 0.875 USD
US DollarSwiss Franc1 USD = 1.248 CHF1 CHF = 0.801 USD
US DollarChinese Yuan1 USD = 7.869 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 151.250 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.476 EUR
EuroAustralian Dollar1 EUR = 1.669 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.461 CAD1 CAD = 0.684 EUR
EuroSwiss Franc1 EUR = 1.597 CHF1 CHF = 0.626 EUR
Japanese YenPound Sterling1 JPY = 0.448 GBP1 GBP = 2.233 JPY
Japanese YenAustralian Dollar1 JPY = 1.103 AUD1 AUD = 0.906 JPY
Japanese YenCanadian Dollar1 JPY = 0.966 CAD1 CAD = 1.035 JPY
Japanese YenSwiss Franc1 JPY = 1.055 CHF1 CHF = 0.948 JPY
Pound SterlingAustralian Dollar1 GBP = 2.464 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.157 CAD1 CAD = 0.464 GBP
Pound SterlingSwiss Franc1 GBP = 2.356 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.875 CAD1 CAD = 1.143 AUD
Australian DollarSwiss Franc1 AUD = 0.956 CHF1 CHF = 1.046 AUD
Canadian DollarSwiss Franc1 CAD = 1.092 CHF1 CHF = 0.916 CAD

See what else happened on November 16th, 2006