Financial news on July 21, 2006

Business and Financial news
Advanced Micro Devices Says Profit Rose but Sales Fell

Advanced Micro Devices, the maker of personal computer processors, said that its profit rose in the second quarter but sales declined as it cut prices to compete with Intel. Read more..

By BLOOMBERG NEWS - The New York Times

American President of Yukos Quits, Saying He Can’t Halt Its Liquidation

Steven M. Theede’s resignation ended his two rocky years in charge of Yukos, Russia’s embattled private energy company. Read more..

By ANDREW E. KRAMER - The New York Times

AT&T Bets Its Brand Is More Than Nostalgia

The rebranding campaign is no mere nostalgia trip. Despite its warts, AT&T is still the most recognizable name in the phone business. Read more..

KEN BELSON - The New York Times

China: Strong Demand for Rail Shares

The Daqin Railway Company, the operator of China’s biggest coal transport network, said its 15 billion yuan ($1.9 billion) share sale attracted bids worth almost nine times the stock on offer, as investors sought to benefit from the country’s risi... Read more..

By BLOOMBERG NEWS - The New York Times

India: Refining Business Lifts Energy Company

Reliance Industries, an energy company in India, reported a 10.7 percent rise in profit for the quarter ending in June, helped by strong margins in its refining business. Reliance, based in Mumbai, said profit rose to 25.47 billion rupees ($544 mi... Read more..

By SARITHA RAI - The New York Times

Semtech to Restate Earnings Over Stock Option Grants

The semiconductor maker said the new costs will be reflected in results for fiscal 2002 through 2006, from options granted to employees in 1998 through 2003. Read more..

By BLOOMBERG NEWS - The New York Times

Toyota’s Leader Expresses No Interest in Forming Alliance With G.M.

Katsuaki Watanabe denied reports that Toyota might make an alliance offer to compete with one from Renault-Nissan. Read more..

By MARTIN FACKLER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 24.08 24.15 23.00 23.87 175M
Intel INTC 17.00 17.40 16.84 17.15 82.6M
Oracle Corp. ORCL 15.03 15.29 14.96 15.12 57.2M
Cisco Systems CSCO 17.80 17.85 17.45 17.46 55.7M
Pfizer PFE 23.84 24.04 23.69 23.83 37.1M
Apple AAPL 59.82 61.15 59.64 60.72 31.9M
General Electric GE 32.61 32.61 32.20 32.25 29.4M
ExxonMobil XOM 64.57 64.78 63.91 63.93 27.6M
Alphabet GOOGL 386.14 391.75 377.69 390.11 23.5M
HP Inc. HPQ 31.03 31.10 29.98 30.52 22.8M
Amgen AMGN 65.79 67.25 65.42 66.15 21.1M
Schlumberger SLB 63.16 63.25 60.12 61.45 19.9M
JPMorgan Chase JPM 43.17 43.47 42.79 43.15 15.2M
Home Depot HD 34.06 34.06 33.42 33.85 14.1M
Abbott Laboratories ABT 46.35 46.99 45.98 46.84 13.6M
Wal-Mart Stores WMT 44.51 44.51 43.56 43.72 13M
AT&T Inc. T 27.37 27.62 27.31 27.34 11.8M
ConocoPhillips COP 65.04 65.05 63.45 63.63 11.6M
Walt Disney & Co. DIS 28.91 28.99 28.43 28.47 11M
Altria MO 79.25 79.74 78.76 79.67 10.7M
Verizon Communications VZ 32.37 32.37 31.74 31.87 10.7M
Chevron CVX 65.78 65.78 64.41 64.45 10.1M
Merck MRK 37.39 37.57 37.19 37.36 9.23M
Coca-Cola KO 44.32 44.32 43.77 43.90 9.2M
Wells Fargo & Co. WFC 70.50 71.65 70.50 71.19 9.2M
Comcast CMCSA 32.42 32.78 32.17 32.20 8.78M
Johnson & Johnson JNJ 61.67 61.99 61.57 61.73 8.65M
International Business Machines IBM 75.49 75.50 74.50 74.86 8.37M
Procter & Gamble PG 56.85 56.98 55.92 56.07 8.01M
UnitedHealth Group UNH 50.40 50.40 49.35 50.00 7.79M
Amazon AMZN 33.85 33.97 32.92 33.19 7.14M
Gilead Sciences GILD 58.17 60.25 58.02 59.71 6.77M
McDonald's MCD 34.72 34.75 34.45 34.70 5.7M
Bristol-Myers Squibb BMY 25.72 25.79 25.31 25.51 5.69M
United Technologies UTX 60.30 60.31 59.18 59.96 5.62M
3M MMM 71.25 71.72 69.92 70.72 5.62M
Pepsico PEP 62.54 63.04 62.31 62.76 4.32M
Boeing BA 80.69 80.69 78.56 79.08 4.03M
Union Pacific UNP 83.99 84.13 81.80 83.04 2.89M
Berkshire Hathaway BRK.B 3020.00 3022.00 2982.00 3006.50 16.5K
Exchange Rates of July 21, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.180 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.138 CAD 1 CAD = 0.879 USD
US Dollar Swiss Franc 1 USD = 1.236 CHF 1 CHF = 0.809 USD
US Dollar Chinese Yuan 1 USD = 7.980 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 147.490 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.683 GBP 1 GBP = 1.464 EUR
Euro Australian Dollar 1 EUR = 1.687 AUD 1 AUD = 0.593 EUR
Euro Canadian Dollar 1 EUR = 1.445 CAD 1 CAD = 0.692 EUR
Euro Swiss Franc 1 EUR = 1.570 CHF 1 CHF = 0.637 EUR
Japanese Yen Pound Sterling 1 JPY = 0.463 GBP 1 GBP = 2.160 JPY
Japanese Yen Australian Dollar 1 JPY = 1.144 AUD 1 AUD = 0.874 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.979 CAD 1 CAD = 1.021 JPY
Japanese Yen Swiss Franc 1 JPY = 1.064 CHF 1 CHF = 0.940 JPY
Pound Sterling Australian Dollar 1 GBP = 2.470 AUD 1 AUD = 0.405 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.116 CAD 1 CAD = 0.473 GBP
Pound Sterling Swiss Franc 1 GBP = 2.298 CHF 1 CHF = 0.435 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.856 CAD 1 CAD = 1.168 AUD
Australian Dollar Swiss Franc 1 AUD = 0.930 CHF 1 CHF = 1.076 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.087 CHF 1 CHF = 0.920 CAD

See what else happened on July 21, 2006