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

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
CurrenciesExchange 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