Financial news on November 21, 2006

Business and Financial news
British Shun a New Offer by Nasdaq

The London Stock Exchange, the largest in Europe, quickly rejected Nasdaq’s $5 billion cash offer. Read more..

By HEATHER TIMMONS and JAMES KANTER - The New York Times

Comparison of FreshDirect Prices to Other Stores

FreshDirect, the online grocery service in New York, claims to sell food for significantly less than local supermarkets. A closer look at the prices. Read more..

By DAVID LEONHARDT - The New York Times

Fast Credit, Easy Terms, Buy Now

Not so long ago, companies that borrowed lots of money were considered risky. That view has now been turned on its head. Read more..

By CHARLES DUHIGG - The New York Times

Flaws Seen in Markets for Utilities

A growing chorus of large industrial power users, municipal utilities and consumer groups argue that the price of electricity has not fallen because the new markets for utilities do not work right. Read more..

By DAVID CAY JOHNSTON - The New York Times

Google Mapping an Offline Course

Major Internet sites are showing a growing interest in the advertising business, and traditional ad firms are starting to worry. Read more..

By LOUISE STORY - The New York Times

Head of Cyberonics Resigns as Options Inquiry Expands

The tumultuous tenure of Robert P. Cummins at the medical device maker Cyberonics has ended, the company disclosed Monday. Read more..

By BARNABY J. FEDER - The New York Times

India: Strong Manufacturing Growth

India’s manufacturing grew 12.1 percent in the first half of the country’s fiscal year, which ended in September, compared with 9.5 percent in the period last year. The fast-paced growth of the manufacturing sector has been important in raising In... Read more..

By SARITHA RAI - The New York Times

Memo Pad

BUSINESS TRAVEL 2007 More than two-thirds of companies surveyed said they expected their business travelers to take more trips in 2007 than this year, according to the annual business travel overview by the National Business Travel Association. An... Read more..

By JOE SHARKEY - The New York Times

Record Sale Price Provides an ‘I Told You So’ Moment for Owner of Equity Office REIT

On Sunday, Equity Office accepted a $36 billion offer from the Blackstone Group. It would be the costliest buyout in history. Read more..

By TERRY PRISTIN - The New York Times

Red Carpet at the Airport Gate

Several new or evolving plans recognize that the usual airline loyalty programs may not be enough for the extreme air traveler. Read more..

By BARBARA S. PETERSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.19 22.27 21.38 21.57 87.5M
Microsoft MSFT 29.91 30.00 29.79 29.92 66.4M
Cisco Systems CSCO 27.17 27.18 26.73 26.80 45M
Pfizer PFE 27.00 27.15 26.87 26.95 28.8M
General Electric GE 35.98 36.00 35.72 35.80 25.1M
AT&T Inc. T 33.17 33.25 32.63 32.75 22.3M
Apple AAPL 87.42 88.60 87.11 88.60 22.2M
Oracle Corp. ORCL 19.46 19.49 19.22 19.48 20.6M
Verizon Communications VZ 34.95 35.36 34.91 35.13 18.1M
Alphabet GOOGL 496.54 510.00 495.83 509.65 16.8M
ConocoPhillips COP 63.30 64.56 63.16 64.32 16.5M
ExxonMobil XOM 72.55 73.53 72.49 73.39 13.3M
HP Inc. HPQ 39.67 40.00 39.67 39.99 12.2M
Merck MRK 44.40 44.79 44.10 44.22 10.9M
Home Depot HD 38.41 38.44 37.91 37.92 9.02M
Wal-Mart Stores WMT 47.76 47.98 47.60 47.81 8.74M
Schlumberger SLB 63.41 65.77 63.41 65.61 8.63M
Boeing BA 89.85 92.05 89.57 91.10 8.52M
McDonald's MCD 41.98 42.25 41.91 42.06 8.4M
Johnson & Johnson JNJ 66.90 67.06 66.31 66.60 8.3M
Wells Fargo & Co. WFC 36.16 36.20 35.77 35.78 7.77M
Abbott Laboratories ABT 47.70 47.80 47.40 47.49 7.73M
Chevron CVX 69.58 70.32 69.45 70.22 7.71M
JPMorgan Chase JPM 47.78 47.94 47.40 47.75 7.42M
Bristol-Myers Squibb BMY 24.49 24.71 24.39 24.50 7.03M
Altria MO 85.19 85.25 84.03 84.11 6.99M
Amazon AMZN 42.55 43.25 42.12 42.54 6.98M
Amgen AMGN 73.20 73.30 72.38 72.98 6.51M
UnitedHealth Group UNH 47.00 47.00 46.19 46.33 6.13M
Coca-Cola KO 46.87 47.16 46.82 46.99 6.06M
Comcast CMCSA 40.85 40.98 40.59 40.68 5.94M
Walt Disney & Co. DIS 33.16 33.37 33.00 33.23 5.81M
Pepsico PEP 62.43 62.90 62.40 62.56 5.66M
Procter & Gamble PG 63.47 63.71 63.26 63.26 5.11M
Gilead Sciences GILD 69.39 69.39 67.30 67.51 3.12M
International Business Machines IBM 92.85 93.43 92.85 93.08 3.07M
3M MMM 80.92 81.95 80.60 81.64 2.84M
United Technologies UTX 65.71 65.98 65.70 65.83 2.64M
Union Pacific UNP 91.25 91.76 91.05 91.49 967K
Berkshire Hathaway BRK.B 3593.00 3593.00 3568.00 3581.00 12K
Exchange Rates of November 21, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.920 JPY 1 JPY = 0.008 USD
US Dollar Canadian Dollar 1 USD = 1.146 CAD 1 CAD = 0.873 USD
US Dollar Swiss Franc 1 USD = 1.241 CHF 1 CHF = 0.806 USD
US Dollar Chinese Yuan 1 USD = 7.870 CNY 1 CNY = 0.127 USD
Euro Japanese Yen 1 EUR = 151.440 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.676 GBP 1 GBP = 1.479 EUR
Euro Australian Dollar 1 EUR = 1.664 AUD 1 AUD = 0.601 EUR
Euro Canadian Dollar 1 EUR = 1.471 CAD 1 CAD = 0.680 EUR
Euro Swiss Franc 1 EUR = 1.594 CHF 1 CHF = 0.627 EUR
Japanese Yen Pound Sterling 1 JPY = 0.446 GBP 1 GBP = 2.241 JPY
Japanese Yen Australian Dollar 1 JPY = 1.099 AUD 1 AUD = 0.910 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.971 CAD 1 CAD = 1.030 JPY
Japanese Yen Swiss Franc 1 JPY = 1.052 CHF 1 CHF = 0.950 JPY
Pound Sterling Australian Dollar 1 GBP = 2.462 AUD 1 AUD = 0.406 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.176 CAD 1 CAD = 0.460 GBP
Pound Sterling Swiss Franc 1 GBP = 2.357 CHF 1 CHF = 0.424 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.883 CAD 1 CAD = 1.132 AUD
Australian Dollar Swiss Franc 1 AUD = 0.957 CHF 1 CHF = 1.045 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.083 CHF 1 CHF = 0.923 CAD

See what else happened on November 21, 2006