Financial news on September 19, 2006

Business and Financial news

Accounts. Read more..

By THE NEW YORK TIMES - The New York Times

A Hedge Fund’s Loss Rattles Nerves

Enormous losses at Amaranth Advisors resurrected worries that major bets by hedge funds could create widespread financial disruptions. Read more..


Britain: Brokerage Firm Plans Breakup

Collins Stewart Tullet, a British financial services company, outlined plans to break up to help it capitalize on a growing number of small American companies that are going to London for public listings. The company said it would separate its ret... Read more..

By HEATHER STEWART - The New York Times

G.M. Talked With Ford About Merger, Report Says

Managers from Ford and G.M. began meeting in July, according to Automotive News, but the talks are no longer occurring and no further action is expected. Read more..

By NICK BUNKLEY - The New York Times

I.M.F. Votes to Enhance Power of China and Others

Member states of the International Monetary Fund voted to adopt a disputed plan to modify the fund’s power structure. Read more..

By STEVEN R. WEISMAN - The New York Times

Memo Pad

BUSINESS TRAVEL COSTS RISE Reflecting robust demand in business travel, airfares, hotel rooms and rental cars all cost more in the second quarter of this year, compared with the second quarter of 2005, according to the American Express Business Tr... Read more..

By JOE SHARKEY - The New York Times

Napster Ponders Sale or Alliance

Napster said that it had hired UBS Investment Bank to assist in the possible sale of the company. Read more..

By BLOOMBERG NEWS - The New York Times

Norway: Statoil Invests in Gulf of Mexico

Statoil, Norway’s largest oil company, will pay $700 million for stakes in two oil and gas finds and one exploration prospect in deep waters of the Gulf of Mexico to offset an expected drop in domestic output. The company will buy 17.5 percent of ... Read more..

By BLOOMBERG NEWS - The New York Times

Revlon Replaces Chief Executive

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Trying to Figure Out How Much Tease Is Too Much

The outing of Lonelygirl15 has forced her audience to consider: Was Lonelygirl a simple hoax or high-concept art? Read more..

By JULIE BOSMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL16.3116.6016.0716.1391.2M
Cisco SystemsCSCO22.8022.9822.4422.7655.7M
General ElectricGE34.8534.8634.6034.8518.7M
AT&T Inc.T31.4131.5931.2331.4412.9M
Home DepotHD36.7036.7436.1036.2811.9M
Wal-Mart StoresWMT48.2648.5048.0048.5011.4M
Abbott LaboratoriesABT48.4249.2248.3149.1610.5M
HP Inc.HPQ36.1836.4936.0136.359.8M
Bristol-Myers SquibbBMY24.8024.8824.5524.718.49M
Walt Disney & Co.DIS30.1230.6130.0630.477.7M
Verizon CommunicationsVZ35.9836.0235.7036.007.44M
Procter & GamblePG60.3260.9360.2160.917.32M
JPMorgan ChaseJPM46.4746.8546.2246.806.77M
Johnson & JohnsonJNJ64.1664.2063.9564.185.25M
International Business MachinesIBM81.9582.0981.4281.875.09M
Wells Fargo & Co.WFC35.8535.9835.6335.974.75M
UnitedHealth GroupUNH51.8052.1551.1251.874.24M
Gilead SciencesGILD64.8565.0964.4364.963.1M
United TechnologiesUTX63.8264.2263.1064.152.32M
Union PacificUNP86.0786.3283.7784.971.69M
Berkshire HathawayBRK.B3187.003187.003140.003140.0015.5K
Exchange Rates of September 19, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.660 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.128 CAD1 CAD = 0.887 USD
US DollarSwiss Franc1 USD = 1.252 CHF1 CHF = 0.799 USD
US DollarChinese Yuan1 USD = 7.935 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 149.090 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.674 GBP1 GBP = 1.485 EUR
EuroAustralian Dollar1 EUR = 1.686 AUD1 AUD = 0.593 EUR
EuroCanadian Dollar1 EUR = 1.428 CAD1 CAD = 0.700 EUR
EuroSwiss Franc1 EUR = 1.587 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.452 GBP1 GBP = 2.215 JPY
Japanese YenAustralian Dollar1 JPY = 1.130 AUD1 AUD = 0.885 JPY
Japanese YenCanadian Dollar1 JPY = 0.958 CAD1 CAD = 1.044 JPY
Japanese YenSwiss Franc1 JPY = 1.064 CHF1 CHF = 0.940 JPY
Pound SterlingAustralian Dollar1 GBP = 2.503 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.121 CAD1 CAD = 0.472 GBP
Pound SterlingSwiss Franc1 GBP = 2.355 CHF1 CHF = 0.425 GBP
Australian DollarCanadian Dollar1 AUD = 0.847 CAD1 CAD = 1.181 AUD
Australian DollarSwiss Franc1 AUD = 0.940 CHF1 CHF = 1.063 AUD
Canadian DollarSwiss Franc1 CAD = 1.110 CHF1 CHF = 0.901 CAD

See what else happened on September 19, 2006