Financial news on August 17th, 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

StockTicker symbolOpenHighLowCloseVolume
HP Inc.HPQ36.0036.7334.7535.1557.6M
Oracle Corp.ORCL15.4215.9515.4115.8146.4M
Cisco SystemsCSCO20.9921.1420.7220.8543.9M
Bristol-Myers SquibbBMY21.2521.5621.0221.4818.7M
General ElectricGE33.7034.0033.6533.9217.5M
Home DepotHD34.5035.1034.4034.7213.2M
Abbott LaboratoriesABT49.0949.2548.6349.1313.1M
Wal-Mart StoresWMT44.5045.0044.3344.6312.4M
Verizon CommunicationsVZ34.2034.4333.8634.2310.9M
AT&T Inc.T30.2530.4830.1030.459.4M
Johnson & JohnsonJNJ64.6664.6864.1364.238.48M
Procter & GamblePG60.1460.6460.1460.346.59M
Walt Disney & Co.DIS29.6030.0029.5629.906.19M
JPMorgan ChaseJPM45.2845.6845.2545.466.16M
International Business MachinesIBM78.9379.5678.5379.375.54M
Wells Fargo & Co.WFC35.3435.3935.0635.255.34M
UnitedHealth GroupUNH48.1449.3848.1249.045.23M
Gilead SciencesGILD64.1664.9963.8863.983.63M
United TechnologiesUTX61.7962.2961.5761.952.37M
Union PacificUNP84.3085.2183.8784.301.34M
Berkshire HathawayBRK.B3132.003159.003122.003140.0015.7K
Exchange Rates of August 17th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.050 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.123 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.232 CHF1 CHF = 0.812 USD
US DollarChinese Yuan1 USD = 7.979 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 148.860 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.680 GBP1 GBP = 1.471 EUR
EuroAustralian Dollar1 EUR = 1.684 AUD1 AUD = 0.594 EUR
EuroCanadian Dollar1 EUR = 1.440 CAD1 CAD = 0.695 EUR
EuroSwiss Franc1 EUR = 1.581 CHF1 CHF = 0.633 EUR
Japanese YenPound Sterling1 JPY = 0.457 GBP1 GBP = 2.190 JPY
Japanese YenAustralian Dollar1 JPY = 1.131 AUD1 AUD = 0.884 JPY
Japanese YenCanadian Dollar1 JPY = 0.967 CAD1 CAD = 1.034 JPY
Japanese YenSwiss Franc1 JPY = 1.062 CHF1 CHF = 0.942 JPY
Pound SterlingAustralian Dollar1 GBP = 2.476 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.117 CAD1 CAD = 0.472 GBP
Pound SterlingSwiss Franc1 GBP = 2.323 CHF1 CHF = 0.430 GBP
Australian DollarCanadian Dollar1 AUD = 0.854 CAD1 CAD = 1.170 AUD
Australian DollarSwiss Franc1 AUD = 0.938 CHF1 CHF = 1.066 AUD
Canadian DollarSwiss Franc1 CAD = 1.097 CHF1 CHF = 0.911 CAD

See what else happened on August 17th, 2006