Financial news on December 19, 2006

Business and Financial news
An Airline’s Heirs Apparent

Edward H. Bastian and James M. Whitehurst both want to be Delta’s next chief executive, if the airline is not first gobbled up in a takeover. Read more..

By JEFF BAILEY - The New York Times

Express Scripts Set to Fight a Proxy War for Caremark

Express Scripts is willing to engage in a proxy war to acquire Caremark Rx and break up the merger of Caremark and CVS. Read more..

By MILT FREUDENHEIM - The New York Times

Finally, a Way to Catch a Flight Without Shedding Your Shoes

The T.S.A. has approved a machine that scans air passengers’ shoes, while on their feet, for suspicious metal and signs of potentially explosive material. Read more..

By JOE SHARKEY - The New York Times

Group Plans to Build China-U.S. Fiber Optic Link

A consortium of five Asian companies and Verizon plans to build a high-speed fiber optic cable to link China and the U.S. by the time the Beijing Olympics open in 2008. Read more..

By VICTORIA SHANNON - The New York Times

Holding Court at 35,000 Feet

The star of the Judge Hatchett television show tries to keep a low profile when she travels, but her distinctive voice always seems to give her away. Read more..

By GLENDA HATCHETT - The New York Times

Paying Health Care From Pensions Proves Costly

Money is running out for some local governments that use pension funds to help pay for retired workers’ health care. Read more..

By MARY WILLIAMS WALSH - The New York Times

Provocative Retail Chain Is Acquired

American Apparel’s eccentric founder has decided to sell the privately held casual clothing chain for $382.5 million. Read more..

By ANDREW ROSS SORKIN and MICHAEL BARBARO - The New York Times

Russian Gold Mine Operator Lists in London

The largest gold mining company in Russia, Polyus, listed shares on the London Stock Exchange on Monday. Read more..

By ANDREW E. KRAMER - The New York Times

S.E.C. Is Investigating Options Practices at Broadcom

The Securities and Exchange Commission has opened a formal investigation into Broadcom Corporation’s options practices. Read more..

By BLOOMBERG NEWS - The New York Times

Warning Given on Drug’s Use to Treat Lupus

The warning was issued after two patients taking the cancer drug Rituxan as a treatment for the autoimmune disorder lupus died from a rare brain infection. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 17.15 17.26 16.93 17.10 102M
Microsoft MSFT 29.71 30.17 29.53 29.99 53.8M
Pfizer PFE 25.88 26.24 25.75 26.20 48.7M
Intel INTC 20.65 20.72 20.46 20.66 47.4M
AT&T Inc. T 35.38 35.45 34.83 34.99 40.2M
Cisco Systems CSCO 27.47 27.76 27.30 27.63 38.6M
Apple AAPL 84.73 86.68 83.62 86.31 32.6M
General Electric GE 37.75 38.07 37.75 38.01 31.4M
ExxonMobil XOM 75.20 77.31 74.90 76.99 22.3M
ConocoPhillips COP 72.00 73.24 70.79 73.03 18.8M
Wal-Mart Stores WMT 46.07 46.24 45.50 46.09 17.3M
Home Depot HD 39.62 39.77 39.41 39.64 14.9M
HP Inc. HPQ 40.05 40.50 40.00 40.43 14.4M
Merck MRK 43.75 43.98 43.29 43.51 13.3M
Alphabet GOOGL 461.72 469.31 458.50 468.63 13.2M
UnitedHealth Group UNH 50.50 52.53 50.49 52.33 13.1M
Verizon Communications VZ 36.55 36.78 36.45 36.66 11.7M
Comcast CMCSA 43.02 43.11 42.83 42.83 10.3M
Johnson & Johnson JNJ 66.65 67.25 66.63 66.88 10.2M
Wells Fargo & Co. WFC 35.71 36.07 35.70 35.89 10.1M
JPMorgan Chase JPM 48.03 48.48 47.95 48.27 9.29M
Chevron CVX 72.98 74.79 72.50 74.49 9.2M
Schlumberger SLB 64.93 66.06 63.89 65.77 9.16M
Walt Disney & Co. DIS 34.45 34.89 34.33 34.85 8.79M
Altria MO 85.63 86.18 85.46 85.92 8.14M
Coca-Cola KO 48.67 48.86 48.40 48.77 7.73M
Amazon AMZN 38.78 39.72 38.23 39.42 7.52M
Abbott Laboratories ABT 48.19 48.32 47.87 48.26 7.36M
United Technologies UTX 62.17 62.70 61.83 62.48 6.44M
Bristol-Myers Squibb BMY 25.53 25.76 25.38 25.65 6.28M
Procter & Gamble PG 63.72 64.45 63.70 64.39 6.1M
Amgen AMGN 69.78 70.50 69.47 70.30 6.03M
McDonald's MCD 43.48 44.00 43.24 43.99 5.91M
International Business Machines IBM 95.10 96.39 94.91 96.00 4.93M
Pepsico PEP 62.80 63.54 62.75 63.28 4.26M
Gilead Sciences GILD 63.72 64.93 63.21 64.64 3.4M
3M MMM 78.27 78.46 77.73 78.11 2.84M
Boeing BA 89.47 90.44 88.97 90.17 2.63M
Union Pacific UNP 92.59 92.85 91.89 92.62 1.17M
Berkshire Hathaway BRK.B 3776.00 3778.00 3745.00 3770.00 18.6K
Exchange Rates of December 19, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118.100 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.153 CAD 1 CAD = 0.867 USD
US Dollar Swiss Franc 1 USD = 1.214 CHF 1 CHF = 0.824 USD
US Dollar Chinese Yuan 1 USD = 7.823 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 155.890 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.670 GBP 1 GBP = 1.493 EUR
Euro Australian Dollar 1 EUR = 1.683 AUD 1 AUD = 0.594 EUR
Euro Canadian Dollar 1 EUR = 1.521 CAD 1 CAD = 0.657 EUR
Euro Swiss Franc 1 EUR = 1.602 CHF 1 CHF = 0.624 EUR
Japanese Yen Pound Sterling 1 JPY = 0.430 GBP 1 GBP = 2.328 JPY
Japanese Yen Australian Dollar 1 JPY = 1.079 AUD 1 AUD = 0.927 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.976 CAD 1 CAD = 1.025 JPY
Japanese Yen Swiss Franc 1 JPY = 1.028 CHF 1 CHF = 0.973 JPY
Pound Sterling Australian Dollar 1 GBP = 2.512 AUD 1 AUD = 0.398 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.271 CAD 1 CAD = 0.440 GBP
Pound Sterling Swiss Franc 1 GBP = 2.391 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.904 CAD 1 CAD = 1.107 AUD
Australian Dollar Swiss Franc 1 AUD = 0.952 CHF 1 CHF = 1.051 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.053 CHF 1 CHF = 0.950 CAD

See what else happened on December 19, 2006