Financial news on September 20, 2006

Business and Financial news
A Reversal of Fortune at Chrysler, Too

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 MICHELINE MAYNARD - The New York Times

A Stumble by Yahoo and Slow Home Sales Chill Investors

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Billions in Losses Dim a Star Manager’s Glow

While the future of Nicholas M. Maounis’ fund remains uncertain, his reputation has suffered a severe blow. Read more..

By LANDON THOMAS Jr - The New York Times

Ex-Head of Gillette to Lead Equity Fund

James M. Kilts is planning to announce that he is joining Centerview Partners to spearhead its private equity fund. Read more..

By ANDREW ROSS SORKIN - The New York Times

Hedge Fund Shifts to Salvage Mode

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..

By GRETCHEN MORGENSON and JENNY ANDERSON - The New York Times

Hitting the Road With Brands in Tow

Touring events, exhibits and other promotional efforts are becoming more popular as advertisers seek to forge closer emotional bonds with consumers. Read more..

By STUART ELLIOTT - The New York Times

Life Is Better; It Is Not Better. Which Is It?

Recently there has been a roiling debate about how to describe living standards in this country. Read more..

By DAVID LEONHARDT - The New York Times

Marsh Fund Unit May Be Offered

The Marsh & McLennan Companies, the world’s largest insurance brokerage, will solicit bids for its Putnam Investments mutual fund unit. Read more..

By BLOOMBERG NEWS - The New York Times

Pension Fund Tallies Losses and Rethinks Its Strategy

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..

By MARY WILLIAMS WALSH - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL18.0918.2917.8417.93203M
Cisco SystemsCSCO22.9523.3422.8323.2776.5M
MicrosoftMSFT27.0127.2326.9927.1871.7M
IntelINTC19.5119.6919.4419.4960.9M
ExxonMobilXOM65.5166.0763.9364.1130.4M
AppleAAPL74.3875.6874.2275.2629.4M
PfizerPFE28.1628.5128.1628.4727.3M
General ElectricGE34.8735.0734.6534.7724.7M
ConocoPhillipsCOP57.8658.3157.0357.2519.6M
AlphabetGOOGL407.10407.39394.62397.0018.3M
AT&T Inc.T31.6832.1731.4232.0617.6M
Wal-Mart StoresWMT48.7749.0248.4248.8713.7M
HP Inc.HPQ36.3536.8436.2636.7813M
Home DepotHD36.4436.5835.9636.3812.8M
SchlumbergerSLB57.5058.5656.0756.0912.7M
ComcastCMCSA34.6135.1934.5335.0512.5M
Verizon CommunicationsVZ36.1536.7836.0536.6712M
Walt Disney & Co.DIS30.6131.0530.6031.0311.4M
AltriaMO82.5182.6281.7582.5910.2M
AmgenAMGN70.0671.2269.9870.9810.1M
Abbott LaboratoriesABT49.3549.4048.4848.559.93M
MerckMRK41.1742.0141.1541.949.65M
ChevronCVX61.9062.1960.8660.889.62M
JPMorgan ChaseJPM46.9547.4946.9547.229.08M
AmazonAMZN31.8132.8131.8032.128.55M
Bristol-Myers SquibbBMY24.9524.9524.7224.898.41M
International Business MachinesIBM82.3783.7982.2083.427.52M
Wells Fargo & Co.WFC36.0036.4036.0036.307.03M
Procter & GamblePG61.0561.7860.7661.637M
McDonald'sMCD37.7837.9337.6237.786.32M
Johnson & JohnsonJNJ64.4064.5064.1464.196.28M
Gilead SciencesGILD64.8565.6664.5564.954.59M
Coca-ColaKO44.4344.6044.2944.454.14M
BoeingBA75.5176.4075.5176.194M
PepsicoPEP65.0365.3964.7665.123.86M
3MMMM73.3074.1073.1773.423.86M
United TechnologiesUTX64.1564.4963.8863.903.51M
UnitedHealth GroupUNH51.7451.9951.4651.532.8M
Union PacificUNP85.9086.3884.3384.601.22M
Berkshire HathawayBRK.B3141.003177.003141.003164.0012.1K
Exchange Rates of September 20, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.360 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.128 CAD1 CAD = 0.887 USD
US DollarSwiss Franc1 USD = 1.251 CHF1 CHF = 0.799 USD
US DollarChinese Yuan1 USD = 7.926 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 148.910 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.672 GBP1 GBP = 1.488 EUR
EuroAustralian Dollar1 EUR = 1.685 AUD1 AUD = 0.593 EUR
EuroCanadian Dollar1 EUR = 1.431 CAD1 CAD = 0.699 EUR
EuroSwiss Franc1 EUR = 1.587 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.451 GBP1 GBP = 2.217 JPY
Japanese YenAustralian Dollar1 JPY = 1.131 AUD1 AUD = 0.884 JPY
Japanese YenCanadian Dollar1 JPY = 0.961 CAD1 CAD = 1.041 JPY
Japanese YenSwiss Franc1 JPY = 1.066 CHF1 CHF = 0.938 JPY
Pound SterlingAustralian Dollar1 GBP = 2.508 AUD1 AUD = 0.399 GBP
Pound SterlingCanadian Dollar1 GBP = 2.129 CAD1 CAD = 0.470 GBP
Pound SterlingSwiss Franc1 GBP = 2.361 CHF1 CHF = 0.423 GBP
Australian DollarCanadian Dollar1 AUD = 0.849 CAD1 CAD = 1.179 AUD
Australian DollarSwiss Franc1 AUD = 0.941 CHF1 CHF = 1.062 AUD
Canadian DollarSwiss Franc1 CAD = 1.109 CHF1 CHF = 0.902 CAD

See what else happened on September 20, 2006