Financial news on October 19th, 2006

Business and Financial news
Bloomberg Dismisses Talk of Sale

Mayor Michael R. Bloomberg said although he has been approached by potential buyers, he will not sell his multibillion-dollar company. Read more..


EBay Reports That Profit Jumped 10% in Quarter

The Internet auction giant said its profit was helped in part by a lower tax rate and strong sales at its online payments unit. Read more..

By MIGUEL HELFT - The New York Times

If a Swiss Army Knife Were a Small, Stylish Phone

The T-Mobile Dash, a phone slim enough to slip into a vest pocket or evening purse, is powerful enough to put in a full day’s work. Read more..

By JOHN BIGGS - The New York Times

Lower Energy Prices Help Consumer Price Index Decline 0.5%

Wall Street saw the latest evidence as an encouraging sign that the Fed will keep interest rates unchanged for now. Read more..

By JEREMY W. PETERS - The New York Times

Microsoft Looks Within to Design and Test Chips

Microsoft is exploring hardware design now in part because of a new set of tools that will make it possible to test ideas quickly. Read more..

By JOHN MARKOFF - The New York Times

Nimble and Edgy? There’s a Group for You, Partner

New entrepreneurial ad agencies are portraying themselves as more nimble and responsive than giant advertising companies. Read more..

By STUART ELLIOTT - The New York Times

Samsung and Hynix Officials Charged on Prices

Two executives of Samsung Electronics and a Hynix Semiconductor official were accused in a United States grand jury indictment of conspiring to fix prices for computer memory chips. Rha Young Bae, Samsung’s former head of worldwide sales and... Read more..

By BLOOMBERG NEWS - The New York Times

Satellite Radio Goes With You, From the Car to the Hot Spot

The Stiletto SL100, Sirius’s new portable satellite radio, offers Wi-Fi connectivity for listening to live Internet radio. Read more..

By J. D. BIERSDORFER - The New York Times

Take the Headset Out for a Spin (After All, Hearing Is Believing)

Sony’s new Altus portable stereo headphones have a frequency response usually found only on high-end, professional-quality headphones. Read more..

By STEPHEN C. MILLER - The New York Times

Why Old Media and Tom Cruise Should Worry About Cheaper Technology

As technology advances, more creative and inexpensive content will be available via the Internet, vying for people’s attention. Read more..

By HAL R. VARIAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO24.0124.2423.7324.1648.3M
Oracle Corp.ORCL18.6618.9618.3718.8733.3M
General ElectricGE35.4035.4935.1435.2826.2M
AT&T Inc.T33.3033.9733.2533.7525.4M
UnitedHealth GroupUNH48.7951.0348.7950.6521.3M
HP Inc.HPQ38.9639.6838.7639.5614.4M
Verizon CommunicationsVZ36.9337.3036.8737.2112.7M
JPMorgan ChaseJPM47.2147.2146.3746.8712M
Abbott LaboratoriesABT48.0348.3947.6947.9211.9M
International Business MachinesIBM89.4590.9889.3189.8610.7M
Wal-Mart StoresWMT48.4348.9948.3948.4910.1M
Home DepotHD35.8436.1935.7035.919.85M
Johnson & JohnsonJNJ68.0068.2267.8468.048.61M
Wells Fargo & Co.WFC36.6636.8236.3036.747.14M
Walt Disney & Co.DIS31.4431.7531.4031.596.28M
Gilead SciencesGILD67.9668.7567.6068.305.65M
Procter & GamblePG62.2962.5662.1462.505.23M
Bristol-Myers SquibbBMY24.6124.7724.5024.654.44M
United TechnologiesUTX65.2665.5064.7165.003.7M
Union PacificUNP91.2091.4889.3291.351.88M
Berkshire HathawayBRK.B3318.003332.003316.003328.007.4K
Exchange Rates of October 19th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 118.220 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.128 CAD1 CAD = 0.886 USD
US DollarSwiss Franc1 USD = 1.258 CHF1 CHF = 0.795 USD
US DollarChinese Yuan1 USD = 7.908 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 149.230 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.488 EUR
EuroAustralian Dollar1 EUR = 1.663 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.424 CAD1 CAD = 0.702 EUR
EuroSwiss Franc1 EUR = 1.587 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.450 GBP1 GBP = 2.221 JPY
Japanese YenAustralian Dollar1 JPY = 1.114 AUD1 AUD = 0.898 JPY
Japanese YenCanadian Dollar1 JPY = 0.954 CAD1 CAD = 1.048 JPY
Japanese YenSwiss Franc1 JPY = 1.064 CHF1 CHF = 0.940 JPY
Pound SterlingAustralian Dollar1 GBP = 2.474 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.118 CAD1 CAD = 0.472 GBP
Pound SterlingSwiss Franc1 GBP = 2.361 CHF1 CHF = 0.424 GBP
Australian DollarCanadian Dollar1 AUD = 0.856 CAD1 CAD = 1.169 AUD
Australian DollarSwiss Franc1 AUD = 0.954 CHF1 CHF = 1.048 AUD
Canadian DollarSwiss Franc1 CAD = 1.114 CHF1 CHF = 0.897 CAD

See what else happened on October 19th, 2006