Financial news on August 17, 2006

Business and Financial news
After Spinoff, Sprint Nextel Finds Still More Is Needed

Sprint Nextel’s stock has slid by one-third since April because of poor execution after the Nextel merger, weaker subscriber growth and heavy marketing pushes by competitors. Read more..

By KEN BELSON and MATT RICHTEL - The New York Times

A Go-Between Moves Music From the PC to the Stereo

The Logitech Wireless DJ aims to make the process of getting music from your computer to your stereo slightly less annoying. Read more..

By JOHN BIGGS - The New York Times

Hewlett-Packard Nears Goal of Overtaking I.B.M.

Hewlett-Packard’s revenue rose to $21.9 billion in its third quarter, growing at a pace that will enable it to usurp I.B.M.’s title as the world’s largest technology company. Read more..

By DAMON DARLIN - The New York Times

Hey, Just Because He’s Divorced Doesn’t Mean He Can’t Sell Things

The divorced father may be in the midst of an image overhaul as advertisers try to reflect the changing nuclear family. Read more..

By JULIE BOSMAN - The New York Times

Inflation Gives Signs of Slowing

The latest report on consumer prices appears to support the Federal Reserve’s decision to halt its interest rate increases. Read more..

By LOUIS UCHITELLE - The New York Times

I Saw What You Did and I Know Who You Are. My Phone Told Me.

When you are out and about, there is no reason to be in the dark about what is going on at home. Read more..

By ERIC A. TAUB - The New York Times

Next, They’ll Embed the Headset in Your Tooth

In the future, electronics may well be so small that there will be a danger of inadvertently ingesting them. Read more..

By JOHN BIGGS - The New York Times

Old Records Go In, CD's Come Out

Are you over 30? Sorry to hear it. That makes you part of the Transition Generation, those who have witnessed the world’s shift from analog to digital recordings. Read more..

By DAVID POGUE - The New York Times

S.E.C. Broadens General Re Inquiry

Officials examining Berkshire Hathaway’s reinsurance units are also looking into a predecessor of St. Paul Travelers and former subsidiaries of Prudential Financial. Read more..

By BLOOMBERG NEWS - The New York Times

Versatility’s Limits on AirPort Express

Q. Is it possible to connect an external hard drive full of digital music to the U.S.B. port on an AirPort Express base station? Read more..

By J.D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.68 18.70 18.34 18.56 63.9M
HP Inc. HPQ 36.00 36.73 34.75 35.15 57.6M
Oracle Corp. ORCL 15.42 15.95 15.41 15.81 46.4M
Microsoft MSFT 24.70 24.75 24.61 24.70 45.7M
Cisco Systems CSCO 20.99 21.14 20.72 20.85 43.9M
Merck MRK 41.30 41.73 38.00 38.83 36.6M
Pfizer PFE 26.70 27.12 26.70 27.00 30.3M
ExxonMobil XOM 67.02 68.16 67.01 68.08 28.6M
Apple AAPL 68.00 68.66 67.18 67.59 20.8M
Bristol-Myers Squibb BMY 21.25 21.56 21.02 21.48 18.7M
General Electric GE 33.70 34.00 33.65 33.92 17.5M
Home Depot HD 34.50 35.10 34.40 34.72 13.2M
Abbott Laboratories ABT 49.09 49.25 48.63 49.13 13.1M
Altria MO 80.70 81.52 79.87 80.75 12.4M
Wal-Mart Stores WMT 44.50 45.00 44.33 44.63 12.4M
Chevron CVX 64.82 66.17 64.82 66.15 12M
Comcast CMCSA 34.08 34.66 33.93 34.54 11.1M
Verizon Communications VZ 34.20 34.43 33.86 34.23 10.9M
Alphabet GOOGL 386.39 390.00 383.92 385.80 10.2M
Amazon AMZN 27.96 29.75 27.83 29.09 9.5M
ConocoPhillips COP 66.03 66.60 65.64 66.28 9.49M
AT&T Inc. T 30.25 30.48 30.10 30.45 9.4M
Johnson & Johnson JNJ 64.66 64.68 64.13 64.23 8.48M
Amgen AMGN 66.92 67.67 66.49 66.92 7.22M
Procter & Gamble PG 60.14 60.64 60.14 60.34 6.59M
Schlumberger SLB 62.55 63.31 61.68 62.31 6.38M
Walt Disney & Co. DIS 29.60 30.00 29.56 29.90 6.19M
JPMorgan Chase JPM 45.28 45.68 45.25 45.46 6.16M
International Business Machines IBM 78.93 79.56 78.53 79.37 5.54M
Wells Fargo & Co. WFC 35.34 35.39 35.06 35.25 5.34M
UnitedHealth Group UNH 48.14 49.38 48.12 49.04 5.23M
Pepsico PEP 63.20 63.29 62.42 62.66 4.79M
Coca-Cola KO 44.16 44.32 43.95 44.18 4.76M
McDonald's MCD 36.02 36.25 35.92 36.24 4.14M
Gilead Sciences GILD 64.16 64.99 63.88 63.98 3.63M
3M MMM 70.79 71.57 70.50 71.20 3.17M
Boeing BA 78.83 79.43 77.88 78.59 2.89M
United Technologies UTX 61.79 62.29 61.57 61.95 2.37M
Union Pacific UNP 84.30 85.21 83.87 84.30 1.34M
Berkshire Hathaway BRK.B 3132.00 3159.00 3122.00 3140.00 15.7K
Exchange Rates of August 17, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.050 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.123 CAD 1 CAD = 0.891 USD
US Dollar Swiss Franc 1 USD = 1.232 CHF 1 CHF = 0.812 USD
US Dollar Chinese Yuan 1 USD = 7.979 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 148.860 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.680 GBP 1 GBP = 1.471 EUR
Euro Australian Dollar 1 EUR = 1.684 AUD 1 AUD = 0.594 EUR
Euro Canadian Dollar 1 EUR = 1.440 CAD 1 CAD = 0.695 EUR
Euro Swiss Franc 1 EUR = 1.581 CHF 1 CHF = 0.633 EUR
Japanese Yen Pound Sterling 1 JPY = 0.457 GBP 1 GBP = 2.190 JPY
Japanese Yen Australian Dollar 1 JPY = 1.131 AUD 1 AUD = 0.884 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.967 CAD 1 CAD = 1.034 JPY
Japanese Yen Swiss Franc 1 JPY = 1.062 CHF 1 CHF = 0.942 JPY
Pound Sterling Australian Dollar 1 GBP = 2.476 AUD 1 AUD = 0.404 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.117 CAD 1 CAD = 0.472 GBP
Pound Sterling Swiss Franc 1 GBP = 2.323 CHF 1 CHF = 0.430 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.854 CAD 1 CAD = 1.170 AUD
Australian Dollar Swiss Franc 1 AUD = 0.938 CHF 1 CHF = 1.066 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.097 CHF 1 CHF = 0.911 CAD

See what else happened on August 17, 2006