Financial news on October 17, 2006

Business and Financial news
A Bold Little Wine That’s Less Polluting

A team discovered that winemaking at a Sicilian winery was wasteful and needlessly polluting, and the winery has made changes. Read more..

By ELISABETH ROSENTHAL - The New York Times

Britain: Nuclear Plants to Be Shut

The British Energy Group, producer of about 20 percent of Britain’s electricity, said nuclear reactors at two plants would be shut because of cracks in boilers, setting off a 24 percent decline in the company’s share price. The reactors, at the Hi... Read more..

By BLOOMBERG NEWS - The New York Times

Florida Wal-Mart Workers Stage Protest

In a rare demonstration, more than 100 Wal-Mart employees rallied at a store in Hialeah Gardens, Fla., a Miami suburb. Read more..

By STEVEN GREENHOUSE - The New York Times

Gap Names Head of Old Navy Unit

Gap, the clothing chain, named a former department store executive, Dawn Robertson, as head of its biggest division, Old Navy. Read more..

By Bloomberg News - The New York Times

High Crime Stifles Latin Economies

Rampant crime is robbing Latin America of up to 8 percent from national economic growth, economists and World Bank officials say. Read more..

By JENS ERIK GOULD - The New York Times

Italy: Bank Acquired for $10.3 Billion

Banco Popolare di Verona e Novara agreed to buy Banca Popolare Italiana for 8.2 billion euros ($10.3 billion) to create one of the five largest banks in Italy, with more than 2,100 branches extending from Milan to Sicily. The offer valued Popolare... Read more..

By BLOOMBERG NEWS - The New York Times

It Pays to Have Pals in Silicon Valley

Former PayPal employees have gone on to start or join a new generation of Internet companies and other ventures, including YouTube. Read more..

By MIGUEL HELFT - The New York Times

Old Options Still Haunt an Insurer

An options grant made years ago to the new chief executive of UnitedHealth Group, Stephen J. Hemsley, is raising questions. Read more..

By ERIC DASH - The New York Times

Russia Threatening to Revoke Lukoil Licenses

In a sign of continuing turmoil in the Russian oil industry, the government threatened to revoke oil field licenses held by Lukoil. Read more..

By ANDREW E. KRAMER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.19 21.23 20.83 20.90 118M
Cisco Systems CSCO 24.45 24.56 24.12 24.48 41M
Microsoft MSFT 28.24 28.51 28.17 28.44 40.1M
Oracle Corp. ORCL 18.84 18.99 18.60 18.63 27.3M
Pfizer PFE 27.46 27.88 27.44 27.72 25M
General Electric GE 35.35 35.60 35.24 35.56 24.9M
ExxonMobil XOM 69.83 69.84 68.97 69.41 17.2M
Apple AAPL 75.04 75.27 74.04 74.29 17.2M
AT&T Inc. T 32.85 33.06 32.60 33.06 16.1M
Johnson & Johnson JNJ 65.55 66.50 65.50 66.08 15.3M
Home Depot HD 36.15 36.15 35.69 35.76 15.2M
UnitedHealth Group UNH 47.27 47.66 46.61 46.73 15.1M
International Business Machines IBM 86.35 87.94 86.22 86.95 13.3M
ConocoPhillips COP 61.40 61.40 60.17 60.80 12.2M
HP Inc. HPQ 38.52 39.15 38.27 39.06 11.8M
Wal-Mart Stores WMT 48.14 48.32 47.64 48.28 11.1M
Schlumberger SLB 60.10 61.22 59.00 61.22 10.8M
Alphabet GOOGL 420.30 423.75 416.70 420.64 10.4M
Merck MRK 43.82 44.18 43.32 43.96 10.2M
McDonald's MCD 41.84 41.97 41.46 41.60 9.88M
Amgen AMGN 71.85 72.07 71.16 71.79 9.57M
Verizon Communications VZ 36.79 36.91 36.41 36.59 9.33M
JPMorgan Chase JPM 47.05 48.21 47.00 47.99 8.88M
Abbott Laboratories ABT 47.17 47.53 46.75 47.19 8.8M
Wells Fargo & Co. WFC 36.20 36.68 35.75 36.48 8.75M
Coca-Cola KO 44.10 44.23 43.75 43.79 8.1M
Chevron CVX 65.11 65.18 64.71 64.93 6.81M
United Technologies UTX 67.20 67.46 65.03 65.28 6.78M
Walt Disney & Co. DIS 31.02 31.22 30.97 31.10 6.75M
Procter & Gamble PG 61.79 62.48 61.77 61.94 6.68M
Amazon AMZN 32.20 32.61 31.75 32.47 6.64M
Comcast CMCSA 38.00 38.33 37.84 38.16 6.42M
Altria MO 78.81 78.99 78.11 78.25 6.22M
Bristol-Myers Squibb BMY 24.40 24.59 24.39 24.46 4.66M
Pepsico PEP 62.43 62.75 62.24 62.37 3.83M
Gilead Sciences GILD 68.07 68.64 67.08 68.00 3.58M
Boeing BA 82.45 82.45 81.50 82.29 2.92M
3M MMM 75.25 76.00 75.15 75.80 2.52M
Union Pacific UNP 91.53 92.27 90.22 91.51 922K
Berkshire Hathaway BRK.B 3293.00 3307.00 3284.00 3291.00 10.2K
Exchange Rates of October 17, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.460 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.141 CAD 1 CAD = 0.876 USD
US Dollar Swiss Franc 1 USD = 1.269 CHF 1 CHF = 0.788 USD
US Dollar Chinese Yuan 1 USD = 7.908 CNY 1 CNY = 0.126 USD
Euro Japanese Yen 1 EUR = 148.530 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.493 EUR
Euro Australian Dollar 1 EUR = 1.666 AUD 1 AUD = 0.600 EUR
Euro Canadian Dollar 1 EUR = 1.430 CAD 1 CAD = 0.699 EUR
Euro Swiss Franc 1 EUR = 1.591 CHF 1 CHF = 0.629 EUR
Japanese Yen Pound Sterling 1 JPY = 0.451 GBP 1 GBP = 2.219 JPY
Japanese Yen Australian Dollar 1 JPY = 1.121 AUD 1 AUD = 0.892 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.963 CAD 1 CAD = 1.039 JPY
Japanese Yen Swiss Franc 1 JPY = 1.071 CHF 1 CHF = 0.934 JPY
Pound Sterling Australian Dollar 1 GBP = 2.487 AUD 1 AUD = 0.402 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.136 CAD 1 CAD = 0.468 GBP
Pound Sterling Swiss Franc 1 GBP = 2.374 CHF 1 CHF = 0.421 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.858 CAD 1 CAD = 1.165 AUD
Australian Dollar Swiss Franc 1 AUD = 0.954 CHF 1 CHF = 1.048 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.112 CHF 1 CHF = 0.900 CAD

See what else happened on October 17, 2006