Financial news on November 17, 2006
Business and Financial news
For economists, Milton Friedman’s legacy is more about trying to understand how the world works and engaging in a debate about it. Read more..
Ross Levinsohn, the top Internet executive at News Corporation’s Fox entertainment unit, has been succeeded by Peter Levinsohn. Read more..
The Tap Project campaign by David Droga offers an example of how advertisers are increasingly focusing on the search for the next big idea, wherever it may be. Read more..
The Justice Department investigation centers whether banks and financial firms conspired to rig bids for investment deals with local governments. Read more..
General Motors hired Nicholas S. Cyprus, a former Interpublic and AT&T executive as controller and chief accounting officer. Read more..
Investor Carl C. Icahn and the privately held Macklowe Properties have submitted a $4.6 billion offer for Reckson Associates Realty. Read more..
A Seoul court issued warrants to detain two senior executives of Lone Star Funds, a private equity firm based in Texas. Read more..
US Airways’ bid for Delta has cast new uncertainty over the pensions of roughly 90,000 Delta employees and retirees. Read more..
A new study suggests that hundreds of old-economy companies may have caught the backdating bug. Read more..
Oil prices fell as oil traders expressed doubt that OPEC members would carry out on their recent deal to trim production. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Intel | INTC | 22.19 | 22.50 | 21.84 | 22.10 | 56.8M |
| Microsoft | MSFT | 29.31 | 29.54 | 29.28 | 29.40 | 49.4M |
| Pfizer | PFE | 26.71 | 27.24 | 26.69 | 27.21 | 47.9M |
| Cisco Systems | CSCO | 26.99 | 27.06 | 26.79 | 26.93 | 44.5M |
| Oracle Corp. | ORCL | 19.00 | 19.47 | 18.98 | 19.46 | 34.5M |
| General Electric | GE | 35.85 | 36.27 | 35.78 | 36.25 | 30.6M |
| HP Inc. | HPQ | 40.05 | 40.06 | 39.01 | 39.77 | 30.4M |
| AT&T Inc. | T | 32.30 | 33.29 | 32.30 | 33.20 | 26M |
| ExxonMobil | XOM | 71.95 | 73.18 | 71.76 | 73.08 | 25.8M |
| Altria | MO | 83.70 | 85.37 | 83.24 | 85.01 | 20.6M |
| Home Depot | HD | 37.77 | 38.29 | 37.64 | 38.28 | 16.7M |
| Apple | AAPL | 85.15 | 85.94 | 85.00 | 85.85 | 16.7M |
| Wal-Mart Stores | WMT | 47.75 | 47.82 | 47.41 | 47.50 | 15.8M |
| ConocoPhillips | COP | 61.60 | 62.94 | 61.56 | 62.70 | 14.2M |
| JPMorgan Chase | JPM | 47.99 | 47.99 | 47.59 | 47.66 | 13M |
| Verizon Communications | VZ | 35.95 | 36.15 | 35.85 | 36.04 | 12.9M |
| Wells Fargo & Co. | WFC | 36.30 | 36.50 | 36.26 | 36.27 | 11.4M |
| Comcast | CMCSA | 40.30 | 40.51 | 40.19 | 40.29 | 11.2M |
| Johnson & Johnson | JNJ | 66.64 | 67.60 | 66.55 | 67.24 | 11.1M |
| Alphabet | GOOGL | 493.25 | 499.66 | 493.00 | 498.79 | 11M |
| Chevron | CVX | 68.07 | 69.28 | 67.86 | 69.10 | 10.3M |
| Walt Disney & Co. | DIS | 33.06 | 33.21 | 32.89 | 32.94 | 10.3M |
| Merck | MRK | 44.71 | 45.06 | 44.60 | 45.06 | 10.2M |
| Schlumberger | SLB | 62.05 | 64.02 | 61.73 | 63.32 | 10M |
| Abbott Laboratories | ABT | 47.30 | 47.71 | 47.20 | 47.67 | 9.52M |
| Coca-Cola | KO | 47.13 | 47.37 | 47.05 | 47.26 | 9.45M |
| Amgen | AMGN | 71.90 | 72.80 | 71.80 | 72.51 | 7.76M |
| Bristol-Myers Squibb | BMY | 24.55 | 24.83 | 24.52 | 24.80 | 6.82M |
| Amazon | AMZN | 42.55 | 42.67 | 42.22 | 42.55 | 6.53M |
| Procter & Gamble | PG | 63.50 | 63.87 | 63.30 | 63.86 | 6.25M |
| McDonald's | MCD | 41.67 | 41.82 | 41.28 | 41.82 | 6.2M |
| Boeing | BA | 89.05 | 89.63 | 88.57 | 89.52 | 5.75M |
| UnitedHealth Group | UNH | 47.60 | 47.68 | 46.88 | 47.25 | 5.71M |
| International Business Machines | IBM | 93.42 | 94.05 | 93.31 | 93.81 | 5.25M |
| Pepsico | PEP | 61.80 | 62.38 | 61.78 | 62.28 | 5.04M |
| Gilead Sciences | GILD | 68.04 | 69.44 | 68.04 | 69.43 | 4.42M |
| United Technologies | UTX | 66.77 | 66.80 | 65.94 | 66.09 | 4.33M |
| 3M | MMM | 80.49 | 81.75 | 80.26 | 81.40 | 3.05M |
| Union Pacific | UNP | 91.89 | 91.90 | 90.97 | 91.35 | 1.73M |
| Berkshire Hathaway | BRK.B | 3556.00 | 3570.00 | 3552.00 | 3558.00 | 7.2K |
Exchange Rates of November 17, 2006
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 117.740 JPY | 1 JPY = 0.008 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.147 CAD | 1 CAD = 0.872 USD |
| US Dollar | Swiss Franc | 1 USD = 1.244 CHF | 1 CHF = 0.804 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.872 CNY | 1 CNY = 0.127 USD |
| Euro | Japanese Yen | 1 EUR = 151.030 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.677 GBP | 1 GBP = 1.478 EUR |
| Euro | Australian Dollar | 1 EUR = 1.668 AUD | 1 AUD = 0.600 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.471 CAD | 1 CAD = 0.680 EUR |
| Euro | Swiss Franc | 1 EUR = 1.595 CHF | 1 CHF = 0.627 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.448 GBP | 1 GBP = 2.233 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.104 AUD | 1 AUD = 0.906 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.973 CAD | 1 CAD = 1.027 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.056 CHF | 1 CHF = 0.947 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.464 AUD | 1 AUD = 0.406 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.173 CAD | 1 CAD = 0.460 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.357 CHF | 1 CHF = 0.424 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.881 CAD | 1 CAD = 1.135 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.956 CHF | 1 CHF = 1.046 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.084 CHF | 1 CHF = 0.922 CAD |
See what else happened on November 17, 2006