Financial news on August 18th, 2006

Business and Financial news
2 Ex-Officers of Military Supplier Charged

Two former executives of DHB Industries, a maker of bulletproof vests for soldiers in Iraq, were arrested on federal securities fraud charges. Read more..

By ERIC DASH - The New York Times

Adviser Jailed Since 2000 Pleads Guilty in Securities Fraud Case

Martin A. Armstrong admitted to deceiving corporate investors and improperly commingling client funds in a case that resulted in losses of more than $700 million. Read more..


A London Hedge Fund That Opts for Engineers, Not M.B.A.’s

At the hedge fund giant Man Group, some of the smartest traders are often beaten by an unlikely foe: a room full of Hewlett-Packard computers. Read more..

By HEATHER TIMMONS - The New York Times

Apple Finds No Forced Labor at iPod Factory in South China

The company said it had found no evidence of child labor or any form of forced-labor at a Chinese factory. Read more..

By JOHN MARKOFF - The New York Times

A World Beyond Dial-Up

Threatened with obsolescence in the era of broadband, Earthlink is transforming itself into a full-service telecommunications company. Read more..

By MATT RICHTEL - The New York Times

Boeing to End Its Service for Using Internet Aloft

Boeing announced that it planned to scrap its in-flight Internet service because of low demand. Read more..

By THOMAS CRAMPTON - The New York Times

It’s the Law, but Is the Law Meaningless?

A provision of the new bankruptcy law is supposed to prevent companies from rewarding top executives with rich retention payments while others are suffering. Read more..

By FLOYD NORRIS - The New York Times

Judge Won’t Block Strike by Northwest Attendants

A federal judge said he could not block the strike, opening the door for a potentially crippling labor disruption. Read more..

By JEREMY W. PETERS - The New York Times

Merck Suffers a Pair of Setbacks Over Vioxx

The company was ordered to pay $51 million in damages to a retired F.B.I. agent who suffered a heart attack while taking the painkiller Vioxx. Read more..

By ALEX BERENSON - The New York Times

Next Season’s Hit Shows? They’re the Talk of the Web

Coverage about the coming television season has started earlier than ever, making it easier for media agencies to capture early consumer sentiment. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20.8220.9020.4720.8635.1M
Oracle Corp.ORCL15.7615.8115.4015.7133.1M
HP Inc.HPQ35.2735.6835.0935.5227.1M
General ElectricGE33.9834.0033.7134.0017.1M
Bristol-Myers SquibbBMY21.4921.7521.2421.6414.2M
AT&T Inc.T30.4530.8830.2830.5114.1M
Verizon CommunicationsVZ34.3334.5134.1634.4211.3M
Home DepotHD34.7634.9234.3334.7710.5M
Abbott LaboratoriesABT49.1349.1848.6449.0010.5M
JPMorgan ChaseJPM45.6845.7145.2745.719.21M
Wal-Mart StoresWMT44.7244.7444.3044.499.08M
Johnson & JohnsonJNJ64.3964.6064.1564.427.19M
Wells Fargo & Co.WFC35.3435.7735.0035.146.99M
Procter & GamblePG60.3560.4259.7860.396.87M
Walt Disney & Co.DIS29.9729.9729.6429.916.82M
International Business MachinesIBM79.3879.9778.6379.905.4M
UnitedHealth GroupUNH48.9549.5448.5249.505.03M
Gilead SciencesGILD64.0564.4663.2463.653.55M
United TechnologiesUTX62.3462.4061.5361.842.55M
Union PacificUNP84.3084.3083.1183.74867K
Berkshire HathawayBRK.B3140.003185.003140.003179.009K
Exchange Rates of August 18th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.800 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.124 CAD1 CAD = 0.890 USD
US DollarSwiss Franc1 USD = 1.233 CHF1 CHF = 0.811 USD
US DollarChinese Yuan1 USD = 7.974 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 148.480 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.681 GBP1 GBP = 1.468 EUR
EuroAustralian Dollar1 EUR = 1.688 AUD1 AUD = 0.593 EUR
EuroCanadian Dollar1 EUR = 1.442 CAD1 CAD = 0.693 EUR
EuroSwiss Franc1 EUR = 1.582 CHF1 CHF = 0.632 EUR
Japanese YenPound Sterling1 JPY = 0.459 GBP1 GBP = 2.180 JPY
Japanese YenAustralian Dollar1 JPY = 1.136 AUD1 AUD = 0.880 JPY
Japanese YenCanadian Dollar1 JPY = 0.971 CAD1 CAD = 1.030 JPY
Japanese YenSwiss Franc1 JPY = 1.065 CHF1 CHF = 0.939 JPY
Pound SterlingAustralian Dollar1 GBP = 2.479 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.116 CAD1 CAD = 0.473 GBP
Pound SterlingSwiss Franc1 GBP = 2.320 CHF1 CHF = 0.431 GBP
Australian DollarCanadian Dollar1 AUD = 0.852 CAD1 CAD = 1.173 AUD
Australian DollarSwiss Franc1 AUD = 0.935 CHF1 CHF = 1.070 AUD
Canadian DollarSwiss Franc1 CAD = 1.096 CHF1 CHF = 0.913 CAD

See what else happened on August 18th, 2006