Financial news on September 20, 2006
Business and Financial news
Chrysler said it would cut its production schedule for the rest of the year by 16 percent because of slumping sales as a result of high gas prices. Read more..
By Bloomberg News. Read more..
While the future of Nicholas M. Maounis’ fund remains uncertain, his reputation has suffered a severe blow. Read more..
James M. Kilts is planning to announce that he is joining Centerview Partners to spearhead its private equity fund. Read more..
Amaranth Advisors was scrambling yesterday to salvage something from its battered portfolio of energy trades after losing more than $3 billion dollars on natural gas investments. Read more..
Touring events, exhibits and other promotional efforts are becoming more popular as advertisers seek to forge closer emotional bonds with consumers. Read more..
Recently there has been a roiling debate about how to describe living standards in this country. Read more..
The Marsh & McLennan Companies, the world’s largest insurance brokerage, will solicit bids for its Putnam Investments mutual fund unit. Read more..
San Diego County’s pension fund’s investments included Amaranth Advisors, the hedge fund that announced Monday it had suffered big losses in natural gas trading. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Oracle Corp. | ORCL | 18.09 | 18.29 | 17.84 | 17.93 | 203M |
| Cisco Systems | CSCO | 22.95 | 23.34 | 22.83 | 23.27 | 76.5M |
| Microsoft | MSFT | 27.01 | 27.23 | 26.99 | 27.18 | 71.7M |
| Intel | INTC | 19.51 | 19.69 | 19.44 | 19.49 | 60.9M |
| ExxonMobil | XOM | 65.51 | 66.07 | 63.93 | 64.11 | 30.4M |
| Apple | AAPL | 74.38 | 75.68 | 74.22 | 75.26 | 29.4M |
| Pfizer | PFE | 28.16 | 28.51 | 28.16 | 28.47 | 27.3M |
| General Electric | GE | 34.87 | 35.07 | 34.65 | 34.77 | 24.7M |
| ConocoPhillips | COP | 57.86 | 58.31 | 57.03 | 57.25 | 19.6M |
| Alphabet | GOOGL | 407.10 | 407.39 | 394.62 | 397.00 | 18.3M |
| AT&T Inc. | T | 31.68 | 32.17 | 31.42 | 32.06 | 17.6M |
| Wal-Mart Stores | WMT | 48.77 | 49.02 | 48.42 | 48.87 | 13.7M |
| HP Inc. | HPQ | 36.35 | 36.84 | 36.26 | 36.78 | 13M |
| Home Depot | HD | 36.44 | 36.58 | 35.96 | 36.38 | 12.8M |
| Schlumberger | SLB | 57.50 | 58.56 | 56.07 | 56.09 | 12.7M |
| Comcast | CMCSA | 34.61 | 35.19 | 34.53 | 35.05 | 12.5M |
| Verizon Communications | VZ | 36.15 | 36.78 | 36.05 | 36.67 | 12M |
| Walt Disney & Co. | DIS | 30.61 | 31.05 | 30.60 | 31.03 | 11.4M |
| Altria | MO | 82.51 | 82.62 | 81.75 | 82.59 | 10.2M |
| Amgen | AMGN | 70.06 | 71.22 | 69.98 | 70.98 | 10.1M |
| Abbott Laboratories | ABT | 49.35 | 49.40 | 48.48 | 48.55 | 9.93M |
| Merck | MRK | 41.17 | 42.01 | 41.15 | 41.94 | 9.65M |
| Chevron | CVX | 61.90 | 62.19 | 60.86 | 60.88 | 9.62M |
| JPMorgan Chase | JPM | 46.95 | 47.49 | 46.95 | 47.22 | 9.08M |
| Amazon | AMZN | 31.81 | 32.81 | 31.80 | 32.12 | 8.55M |
| Bristol-Myers Squibb | BMY | 24.95 | 24.95 | 24.72 | 24.89 | 8.41M |
| International Business Machines | IBM | 82.37 | 83.79 | 82.20 | 83.42 | 7.52M |
| Wells Fargo & Co. | WFC | 36.00 | 36.40 | 36.00 | 36.30 | 7.03M |
| Procter & Gamble | PG | 61.05 | 61.78 | 60.76 | 61.63 | 7M |
| McDonald's | MCD | 37.78 | 37.93 | 37.62 | 37.78 | 6.32M |
| Johnson & Johnson | JNJ | 64.40 | 64.50 | 64.14 | 64.19 | 6.28M |
| Gilead Sciences | GILD | 64.85 | 65.66 | 64.55 | 64.95 | 4.59M |
| Coca-Cola | KO | 44.43 | 44.60 | 44.29 | 44.45 | 4.14M |
| Boeing | BA | 75.51 | 76.40 | 75.51 | 76.19 | 4M |
| Pepsico | PEP | 65.03 | 65.39 | 64.76 | 65.12 | 3.86M |
| 3M | MMM | 73.30 | 74.10 | 73.17 | 73.42 | 3.86M |
| United Technologies | UTX | 64.15 | 64.49 | 63.88 | 63.90 | 3.51M |
| UnitedHealth Group | UNH | 51.74 | 51.99 | 51.46 | 51.53 | 2.8M |
| Union Pacific | UNP | 85.90 | 86.38 | 84.33 | 84.60 | 1.22M |
| Berkshire Hathaway | BRK.B | 3141.00 | 3177.00 | 3141.00 | 3164.00 | 12.1K |
Exchange Rates of September 20, 2006
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 117.360 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.128 CAD | 1 CAD = 0.887 USD |
| US Dollar | Swiss Franc | 1 USD = 1.251 CHF | 1 CHF = 0.799 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.926 CNY | 1 CNY = 0.126 USD |
| Euro | Japanese Yen | 1 EUR = 148.910 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.672 GBP | 1 GBP = 1.488 EUR |
| Euro | Australian Dollar | 1 EUR = 1.685 AUD | 1 AUD = 0.593 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.431 CAD | 1 CAD = 0.699 EUR |
| Euro | Swiss Franc | 1 EUR = 1.587 CHF | 1 CHF = 0.630 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.451 GBP | 1 GBP = 2.217 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.131 AUD | 1 AUD = 0.884 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.961 CAD | 1 CAD = 1.041 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.066 CHF | 1 CHF = 0.938 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.508 AUD | 1 AUD = 0.399 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.129 CAD | 1 CAD = 0.470 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.361 CHF | 1 CHF = 0.423 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.849 CAD | 1 CAD = 1.179 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.941 CHF | 1 CHF = 1.062 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.109 CHF | 1 CHF = 0.902 CAD |
See what else happened on September 20, 2006