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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC21.1921.2320.8320.90118M
Cisco SystemsCSCO24.4524.5624.1224.4841M
MicrosoftMSFT28.2428.5128.1728.4440.1M
Oracle Corp.ORCL18.8418.9918.6018.6327.3M
PfizerPFE27.4627.8827.4427.7225M
General ElectricGE35.3535.6035.2435.5624.9M
ExxonMobilXOM69.8369.8468.9769.4117.2M
AppleAAPL75.0475.2774.0474.2917.2M
AT&T Inc.T32.8533.0632.6033.0616.1M
Johnson & JohnsonJNJ65.5566.5065.5066.0815.3M
Home DepotHD36.1536.1535.6935.7615.2M
UnitedHealth GroupUNH47.2747.6646.6146.7315.1M
International Business MachinesIBM86.3587.9486.2286.9513.3M
ConocoPhillipsCOP61.4061.4060.1760.8012.2M
HP Inc.HPQ38.5239.1538.2739.0611.8M
Wal-Mart StoresWMT48.1448.3247.6448.2811.1M
SchlumbergerSLB60.1061.2259.0061.2210.8M
AlphabetGOOGL420.30423.75416.70420.6410.4M
MerckMRK43.8244.1843.3243.9610.2M
McDonald'sMCD41.8441.9741.4641.609.88M
AmgenAMGN71.8572.0771.1671.799.57M
Verizon CommunicationsVZ36.7936.9136.4136.599.33M
JPMorgan ChaseJPM47.0548.2147.0047.998.88M
Abbott LaboratoriesABT47.1747.5346.7547.198.8M
Wells Fargo & Co.WFC36.2036.6835.7536.488.75M
Coca-ColaKO44.1044.2343.7543.798.1M
ChevronCVX65.1165.1864.7164.936.81M
United TechnologiesUTX67.2067.4665.0365.286.78M
Walt Disney & Co.DIS31.0231.2230.9731.106.75M
Procter & GamblePG61.7962.4861.7761.946.68M
AmazonAMZN32.2032.6131.7532.476.64M
ComcastCMCSA38.0038.3337.8438.166.42M
AltriaMO78.8178.9978.1178.256.22M
Bristol-Myers SquibbBMY24.4024.5924.3924.464.66M
PepsicoPEP62.4362.7562.2462.373.83M
Gilead SciencesGILD68.0768.6467.0868.003.58M
BoeingBA82.4582.4581.5082.292.92M
3MMMM75.2576.0075.1575.802.52M
Union PacificUNP91.5392.2790.2291.51922K
Berkshire HathawayBRK.B3293.003307.003284.003291.0010.2K
Exchange Rates of October 17, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.460 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.141 CAD1 CAD = 0.876 USD
US DollarSwiss Franc1 USD = 1.269 CHF1 CHF = 0.788 USD
US DollarChinese Yuan1 USD = 7.908 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 148.530 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.493 EUR
EuroAustralian Dollar1 EUR = 1.666 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.430 CAD1 CAD = 0.699 EUR
EuroSwiss Franc1 EUR = 1.591 CHF1 CHF = 0.629 EUR
Japanese YenPound Sterling1 JPY = 0.451 GBP1 GBP = 2.219 JPY
Japanese YenAustralian Dollar1 JPY = 1.121 AUD1 AUD = 0.892 JPY
Japanese YenCanadian Dollar1 JPY = 0.963 CAD1 CAD = 1.039 JPY
Japanese YenSwiss Franc1 JPY = 1.071 CHF1 CHF = 0.934 JPY
Pound SterlingAustralian Dollar1 GBP = 2.487 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.136 CAD1 CAD = 0.468 GBP
Pound SterlingSwiss Franc1 GBP = 2.374 CHF1 CHF = 0.421 GBP
Australian DollarCanadian Dollar1 AUD = 0.858 CAD1 CAD = 1.165 AUD
Australian DollarSwiss Franc1 AUD = 0.954 CHF1 CHF = 1.048 AUD
Canadian DollarSwiss Franc1 CAD = 1.112 CHF1 CHF = 0.900 CAD

See what else happened on October 17, 2006