Financial news on November 17th, 2006

Business and Financial news
A Charismatic Economist Who Loved to Argue

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..

By AUSTAN GOOLSBEE - The New York Times

A New Boss but the Same Name at a Fox Unit

Ross Levinsohn, the top Internet executive at News Corporation’s Fox entertainment unit, has been succeeded by Peter Levinsohn. Read more..

By RICHARD SIKLOS - The New York Times

An Honor for Creativity Fuels Odes to Tap Water

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..

By STUART ELLIOTT - The New York Times

Companies Investigated Over Bidding

The Justice Department investigation centers whether banks and financial firms conspired to rig bids for investment deals with local governments. Read more..

By BLOOMBERG NEWS - The New York Times

G.M. Picks Controller

General Motors hired Nicholas S. Cyprus, a former Interpublic and AT&T executive as controller and chief accounting officer. Read more..

By BLOOMBERG NEWS - The New York Times

Icahn and Macklowe Make Bid for Reckson

Investor Carl C. Icahn and the privately held Macklowe Properties have submitted a $4.6 billion offer for Reckson Associates Realty. Read more..

By TERRY PRISTIN - The New York Times

Korean Court Issues Warrants Against U.S. Fund Executives

A Seoul court issued warrants to detain two senior executives of Lone Star Funds, a private equity firm based in Texas. Read more..

By CHOE SANG-HUN - The New York Times

Offer for Delta Raises Questions on Some Pensions

US Airways’ bid for Delta has cast new uncertainty over the pensions of roughly 90,000 Delta employees and retirees. Read more..


Study Charts Broad Manipulation of Options

A new study suggests that hundreds of old-economy companies may have caught the backdating bug. Read more..

By ERIC DASH - The New York Times

With Markets Doubting OPEC Cut, Oil Is Lowest in a Year

Oil prices fell as oil traders expressed doubt that OPEC members would carry out on their recent deal to trim production. Read more..

By JAD MOUAWAD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.9927.0626.7926.9344.5M
Oracle Corp.ORCL19.0019.4718.9819.4634.5M
General ElectricGE35.8536.2735.7836.2530.6M
HP Inc.HPQ40.0540.0639.0139.7730.4M
AT&T Inc.T32.3033.2932.3033.2026M
Home DepotHD37.7738.2937.6438.2816.7M
Wal-Mart StoresWMT47.7547.8247.4147.5015.8M
JPMorgan ChaseJPM47.9947.9947.5947.6613M
Verizon CommunicationsVZ35.9536.1535.8536.0412.9M
Wells Fargo & Co.WFC36.3036.5036.2636.2711.4M
Johnson & JohnsonJNJ66.6467.6066.5567.2411.1M
Walt Disney & Co.DIS33.0633.2132.8932.9410.3M
Abbott LaboratoriesABT47.3047.7147.2047.679.52M
Bristol-Myers SquibbBMY24.5524.8324.5224.806.82M
Procter & GamblePG63.5063.8763.3063.866.25M
UnitedHealth GroupUNH47.6047.6846.8847.255.71M
International Business MachinesIBM93.4294.0593.3193.815.25M
Gilead SciencesGILD68.0469.4468.0469.434.42M
United TechnologiesUTX66.7766.8065.9466.094.33M
Union PacificUNP91.8991.9090.9791.351.73M
Berkshire HathawayBRK.B3556.003570.003552.003558.007.2K
Exchange Rates of November 17th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.740 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.147 CAD1 CAD = 0.872 USD
US DollarSwiss Franc1 USD = 1.244 CHF1 CHF = 0.804 USD
US DollarChinese Yuan1 USD = 7.872 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 151.030 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.677 GBP1 GBP = 1.478 EUR
EuroAustralian Dollar1 EUR = 1.668 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.471 CAD1 CAD = 0.680 EUR
EuroSwiss Franc1 EUR = 1.595 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.448 GBP1 GBP = 2.233 JPY
Japanese YenAustralian Dollar1 JPY = 1.104 AUD1 AUD = 0.906 JPY
Japanese YenCanadian Dollar1 JPY = 0.973 CAD1 CAD = 1.027 JPY
Japanese YenSwiss Franc1 JPY = 1.056 CHF1 CHF = 0.947 JPY
Pound SterlingAustralian Dollar1 GBP = 2.464 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.173 CAD1 CAD = 0.460 GBP
Pound SterlingSwiss Franc1 GBP = 2.357 CHF1 CHF = 0.424 GBP
Australian DollarCanadian Dollar1 AUD = 0.881 CAD1 CAD = 1.135 AUD
Australian DollarSwiss Franc1 AUD = 0.956 CHF1 CHF = 1.046 AUD
Canadian DollarSwiss Franc1 CAD = 1.084 CHF1 CHF = 0.922 CAD

See what else happened on November 17th, 2006