Financial news on July 21st, 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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL15,0315,2914,9615,1257.2M
Cisco SystemsCSCO17,8017,8517,4517,4655.7M
General ElectricGE32,6132,6132,2032,2529.4M
HP Inc.HPQ31,0331,1029,9830,5222.8M
JPMorgan ChaseJPM43,1743,4742,7943,1515.2M
Home DepotHD34,0634,0633,4233,8514.1M
Abbott LaboratoriesABT46,3546,9945,9846,8413.6M
Wal-Mart StoresWMT44,5144,5143,5643,7213M
AT&T Inc.T27,3727,6227,3127,3411.8M
Walt Disney & Co.DIS28,9128,9928,4328,4711M
Verizon CommunicationsVZ32,3732,3731,7431,8710.7M
Wells Fargo & Co.WFC70,5071,6570,5071,199.2M
Johnson & JohnsonJNJ61,6761,9961,5761,738.65M
International Business MachinesIBM75,4975,5074,5074,868.37M
Procter & GamblePG56,8556,9855,9256,078.01M
UnitedHealth GroupUNH50,4050,4049,3550,007.79M
Gilead SciencesGILD58,1760,2558,0259,716.77M
Bristol-Myers SquibbBMY25,7225,7925,3125,515.69M
United TechnologiesUTX60,3060,3159,1859,965.62M
Union PacificUNP83,9984,1381,8083,042.89M
Berkshire HathawayBRK.B3020,003022,002982,003006,5016.5K
Exchange Rates of July 21st, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116,180 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,138 CAD1 CAD = 0,879 USD
US DollarSwiss Franc1 USD = 1,236 CHF1 CHF = 0,809 USD
US DollarChinese Yuan1 USD = 7,980 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 147,490 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,683 GBP1 GBP = 1,464 EUR
EuroAustralian Dollar1 EUR = 1,687 AUD1 AUD = 0,593 EUR
EuroCanadian Dollar1 EUR = 1,445 CAD1 CAD = 0,692 EUR
EuroSwiss Franc1 EUR = 1,570 CHF1 CHF = 0,637 EUR
Japanese YenPound Sterling1 JPY = 0,463 GBP1 GBP = 2,160 JPY
Japanese YenAustralian Dollar1 JPY = 1,144 AUD1 AUD = 0,874 JPY
Japanese YenCanadian Dollar1 JPY = 0,979 CAD1 CAD = 1,021 JPY
Japanese YenSwiss Franc1 JPY = 1,064 CHF1 CHF = 0,940 JPY
Pound SterlingAustralian Dollar1 GBP = 2,470 AUD1 AUD = 0,405 GBP
Pound SterlingCanadian Dollar1 GBP = 2,116 CAD1 CAD = 0,473 GBP
Pound SterlingSwiss Franc1 GBP = 2,298 CHF1 CHF = 0,435 GBP
Australian DollarCanadian Dollar1 AUD = 0,856 CAD1 CAD = 1,168 AUD
Australian DollarSwiss Franc1 AUD = 0,930 CHF1 CHF = 1,076 AUD
Canadian DollarSwiss Franc1 CAD = 1,087 CHF1 CHF = 0,920 CAD

See what else happened on July 21st, 2006