Financial news on September 19, 2006

Business and Financial news
Addenda

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..

By GRETCHEN MORGENSON and JENNY ANDERSON - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 16.31 16.60 16.07 16.13 91.2M
Intel INTC 19.65 19.70 19.24 19.42 62M
Cisco Systems CSCO 22.80 22.98 22.44 22.76 55.7M
Microsoft MSFT 26.74 26.94 26.72 26.86 43M
Alphabet GOOGL 415.46 415.49 392.74 403.81 28.6M
Apple AAPL 74.10 74.36 72.80 73.77 25.4M
Pfizer PFE 28.15 28.21 27.80 28.20 21.4M
ExxonMobil XOM 66.49 66.58 65.13 65.50 19.9M
General Electric GE 34.85 34.86 34.60 34.85 18.7M
ConocoPhillips COP 59.50 59.84 57.98 58.30 16.1M
Altria MO 82.94 83.11 82.02 82.52 14.6M
AT&T Inc. T 31.41 31.59 31.23 31.44 12.9M
Amgen AMGN 69.96 70.00 69.30 69.45 12.5M
Home Depot HD 36.70 36.74 36.10 36.28 11.9M
Wal-Mart Stores WMT 48.26 48.50 48.00 48.50 11.4M
Schlumberger SLB 59.10 59.40 56.95 57.78 10.8M
Abbott Laboratories ABT 48.42 49.22 48.31 49.16 10.5M
HP Inc. HPQ 36.18 36.49 36.01 36.35 9.8M
Amazon AMZN 32.24 32.30 30.82 31.58 8.57M
Bristol-Myers Squibb BMY 24.80 24.88 24.55 24.71 8.49M
Merck MRK 41.04 41.29 40.72 41.18 7.8M
Chevron CVX 63.01 63.15 61.52 61.89 7.75M
Walt Disney & Co. DIS 30.12 30.61 30.06 30.47 7.7M
Verizon Communications VZ 35.98 36.02 35.70 36.00 7.44M
Procter & Gamble PG 60.32 60.93 60.21 60.91 7.32M
JPMorgan Chase JPM 46.47 46.85 46.22 46.80 6.77M
McDonald's MCD 37.53 37.70 37.33 37.58 5.35M
Johnson & Johnson JNJ 64.16 64.20 63.95 64.18 5.25M
International Business Machines IBM 81.95 82.09 81.42 81.87 5.09M
Comcast CMCSA 34.36 34.55 34.13 34.51 4.99M
Wells Fargo & Co. WFC 35.85 35.98 35.63 35.97 4.75M
UnitedHealth Group UNH 51.80 52.15 51.12 51.87 4.24M
Coca-Cola KO 44.54 44.56 44.22 44.38 4.15M
Gilead Sciences GILD 64.85 65.09 64.43 64.96 3.1M
Pepsico PEP 64.47 64.87 64.25 64.77 2.76M
3M MMM 74.78 75.37 72.96 73.25 2.62M
Boeing BA 75.35 75.50 74.15 74.87 2.35M
United Technologies UTX 63.82 64.22 63.10 64.15 2.32M
Union Pacific UNP 86.07 86.32 83.77 84.97 1.69M
Berkshire Hathaway BRK.B 3187.00 3187.00 3140.00 3140.00 15.5K
Exchange Rates of September 19, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.660 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.128 CAD 1 CAD = 0.887 USD
US Dollar Swiss Franc 1 USD = 1.252 CHF 1 CHF = 0.799 USD
US Dollar Chinese Yuan 1 USD = 7.935 CNY 1 CNY = 0.126 USD
Euro Japanese Yen 1 EUR = 149.090 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.674 GBP 1 GBP = 1.485 EUR
Euro Australian Dollar 1 EUR = 1.686 AUD 1 AUD = 0.593 EUR
Euro Canadian Dollar 1 EUR = 1.428 CAD 1 CAD = 0.700 EUR
Euro Swiss Franc 1 EUR = 1.587 CHF 1 CHF = 0.630 EUR
Japanese Yen Pound Sterling 1 JPY = 0.452 GBP 1 GBP = 2.215 JPY
Japanese Yen Australian Dollar 1 JPY = 1.130 AUD 1 AUD = 0.885 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.958 CAD 1 CAD = 1.044 JPY
Japanese Yen Swiss Franc 1 JPY = 1.064 CHF 1 CHF = 0.940 JPY
Pound Sterling Australian Dollar 1 GBP = 2.503 AUD 1 AUD = 0.399 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.121 CAD 1 CAD = 0.472 GBP
Pound Sterling Swiss Franc 1 GBP = 2.355 CHF 1 CHF = 0.425 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.847 CAD 1 CAD = 1.181 AUD
Australian Dollar Swiss Franc 1 AUD = 0.940 CHF 1 CHF = 1.063 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.110 CHF 1 CHF = 0.901 CAD

See what else happened on September 19, 2006