Financial news on August 18, 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..

By GRETCHEN MORGENSON - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25.05 25.80 24.98 25.79 128M
Intel INTC 18.40 18.53 18.33 18.40 61.9M
Cisco Systems CSCO 20.82 20.90 20.47 20.86 35.1M
Oracle Corp. ORCL 15.76 15.81 15.40 15.71 33.1M
HP Inc. HPQ 35.27 35.68 35.09 35.52 27.1M
Pfizer PFE 26.99 27.08 26.66 27.05 26.5M
Merck MRK 38.60 39.82 38.35 39.52 21.8M
Altria MO 83.50 84.45 82.90 83.97 21.8M
ExxonMobil XOM 68.40 69.10 67.72 69.10 19.6M
Apple AAPL 67.71 68.40 67.26 67.91 19.2M
General Electric GE 33.98 34.00 33.71 34.00 17.1M
Bristol-Myers Squibb BMY 21.49 21.75 21.24 21.64 14.2M
AT&T Inc. T 30.45 30.88 30.28 30.51 14.1M
Verizon Communications VZ 34.33 34.51 34.16 34.42 11.3M
Home Depot HD 34.76 34.92 34.33 34.77 10.5M
Abbott Laboratories ABT 49.13 49.18 48.64 49.00 10.5M
Alphabet GOOGL 386.31 387.09 380.75 383.36 9.89M
Comcast CMCSA 34.47 34.63 34.25 34.56 9.31M
JPMorgan Chase JPM 45.68 45.71 45.27 45.71 9.21M
Wal-Mart Stores WMT 44.72 44.74 44.30 44.49 9.08M
Chevron CVX 66.35 67.31 66.16 67.26 9.07M
ConocoPhillips COP 66.37 66.74 65.83 66.40 8.89M
Johnson & Johnson JNJ 64.39 64.60 64.15 64.42 7.19M
Schlumberger SLB 62.40 64.03 62.00 64.00 7.06M
Wells Fargo & Co. WFC 35.34 35.77 35.00 35.14 6.99M
Procter & Gamble PG 60.35 60.42 59.78 60.39 6.87M
Walt Disney & Co. DIS 29.97 29.97 29.64 29.91 6.82M
Amazon AMZN 29.09 29.23 28.22 29.12 6M
International Business Machines IBM 79.38 79.97 78.63 79.90 5.4M
Amgen AMGN 67.28 67.81 67.00 67.31 5.19M
UnitedHealth Group UNH 48.95 49.54 48.52 49.50 5.03M
Coca-Cola KO 43.76 44.42 43.76 44.31 4.98M
Gilead Sciences GILD 64.05 64.46 63.24 63.65 3.55M
Boeing BA 78.68 78.68 77.16 77.62 3.43M
Pepsico PEP 62.62 63.10 62.31 63.01 3.3M
McDonald's MCD 36.24 36.24 35.91 36.18 3.29M
United Technologies UTX 62.34 62.40 61.53 61.84 2.55M
3M MMM 71.52 71.57 71.03 71.21 2.49M
Union Pacific UNP 84.30 84.30 83.11 83.74 867K
Berkshire Hathaway BRK.B 3140.00 3185.00 3140.00 3179.00 9K
Exchange Rates of August 18, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 115.800 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.124 CAD 1 CAD = 0.890 USD
US Dollar Swiss Franc 1 USD = 1.233 CHF 1 CHF = 0.811 USD
US Dollar Chinese Yuan 1 USD = 7.974 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 148.480 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.468 EUR
Euro Australian Dollar 1 EUR = 1.688 AUD 1 AUD = 0.593 EUR
Euro Canadian Dollar 1 EUR = 1.442 CAD 1 CAD = 0.693 EUR
Euro Swiss Franc 1 EUR = 1.582 CHF 1 CHF = 0.632 EUR
Japanese Yen Pound Sterling 1 JPY = 0.459 GBP 1 GBP = 2.180 JPY
Japanese Yen Australian Dollar 1 JPY = 1.136 AUD 1 AUD = 0.880 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.971 CAD 1 CAD = 1.030 JPY
Japanese Yen Swiss Franc 1 JPY = 1.065 CHF 1 CHF = 0.939 JPY
Pound Sterling Australian Dollar 1 GBP = 2.479 AUD 1 AUD = 0.403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.116 CAD 1 CAD = 0.473 GBP
Pound Sterling Swiss Franc 1 GBP = 2.320 CHF 1 CHF = 0.431 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.852 CAD 1 CAD = 1.173 AUD
Australian Dollar Swiss Franc 1 AUD = 0.935 CHF 1 CHF = 1.070 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.096 CHF 1 CHF = 0.913 CAD

See what else happened on August 18, 2006