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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL17.1517.2616.9317.10102M
MicrosoftMSFT29.7130.1729.5329.9953.8M
PfizerPFE25.8826.2425.7526.2048.7M
IntelINTC20.6520.7220.4620.6647.4M
AT&T Inc.T35.3835.4534.8334.9940.2M
Cisco SystemsCSCO27.4727.7627.3027.6338.6M
AppleAAPL84.7386.6883.6286.3132.6M
General ElectricGE37.7538.0737.7538.0131.4M
ExxonMobilXOM75.2077.3174.9076.9922.3M
ConocoPhillipsCOP72.0073.2470.7973.0318.8M
Wal-Mart StoresWMT46.0746.2445.5046.0917.3M
Home DepotHD39.6239.7739.4139.6414.9M
HP Inc.HPQ40.0540.5040.0040.4314.4M
MerckMRK43.7543.9843.2943.5113.3M
AlphabetGOOGL461.72469.31458.50468.6313.2M
UnitedHealth GroupUNH50.5052.5350.4952.3313.1M
Verizon CommunicationsVZ36.5536.7836.4536.6611.7M
ComcastCMCSA43.0243.1142.8342.8310.3M
Johnson & JohnsonJNJ66.6567.2566.6366.8810.2M
Wells Fargo & Co.WFC35.7136.0735.7035.8910.1M
JPMorgan ChaseJPM48.0348.4847.9548.279.29M
ChevronCVX72.9874.7972.5074.499.2M
SchlumbergerSLB64.9366.0663.8965.779.16M
Walt Disney & Co.DIS34.4534.8934.3334.858.79M
AltriaMO85.6386.1885.4685.928.14M
Coca-ColaKO48.6748.8648.4048.777.73M
AmazonAMZN38.7839.7238.2339.427.52M
Abbott LaboratoriesABT48.1948.3247.8748.267.36M
United TechnologiesUTX62.1762.7061.8362.486.44M
Bristol-Myers SquibbBMY25.5325.7625.3825.656.28M
Procter & GamblePG63.7264.4563.7064.396.1M
AmgenAMGN69.7870.5069.4770.306.03M
McDonald'sMCD43.4844.0043.2443.995.91M
International Business MachinesIBM95.1096.3994.9196.004.93M
PepsicoPEP62.8063.5462.7563.284.26M
Gilead SciencesGILD63.7264.9363.2164.643.4M
3MMMM78.2778.4677.7378.112.84M
BoeingBA89.4790.4488.9790.172.63M
Union PacificUNP92.5992.8591.8992.621.17M
Berkshire HathawayBRK.B3776.003778.003745.003770.0018.6K
Exchange Rates of December 19, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.100 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.153 CAD1 CAD = 0.867 USD
US DollarSwiss Franc1 USD = 1.214 CHF1 CHF = 0.824 USD
US DollarChinese Yuan1 USD = 7.823 CNY1 CNY = 0.128 USD
EuroJapanese Yen1 EUR = 155.890 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.670 GBP1 GBP = 1.493 EUR
EuroAustralian Dollar1 EUR = 1.683 AUD1 AUD = 0.594 EUR
EuroCanadian Dollar1 EUR = 1.521 CAD1 CAD = 0.657 EUR
EuroSwiss Franc1 EUR = 1.602 CHF1 CHF = 0.624 EUR
Japanese YenPound Sterling1 JPY = 0.430 GBP1 GBP = 2.328 JPY
Japanese YenAustralian Dollar1 JPY = 1.079 AUD1 AUD = 0.927 JPY
Japanese YenCanadian Dollar1 JPY = 0.976 CAD1 CAD = 1.025 JPY
Japanese YenSwiss Franc1 JPY = 1.028 CHF1 CHF = 0.973 JPY
Pound SterlingAustralian Dollar1 GBP = 2.512 AUD1 AUD = 0.398 GBP
Pound SterlingCanadian Dollar1 GBP = 2.271 CAD1 CAD = 0.440 GBP
Pound SterlingSwiss Franc1 GBP = 2.391 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.904 CAD1 CAD = 1.107 AUD
Australian DollarSwiss Franc1 AUD = 0.952 CHF1 CHF = 1.051 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.950 CAD

See what else happened on December 19, 2006