Financial news on November 21, 2006
Business and Financial news
The London Stock Exchange, the largest in Europe, quickly rejected Nasdaq’s $5 billion cash offer. Read more..
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..
Not so long ago, companies that borrowed lots of money were considered risky. That view has now been turned on its head. Read more..
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..
Major Internet sites are showing a growing interest in the advertising business, and traditional ad firms are starting to worry. Read more..
The tumultuous tenure of Robert P. Cummins at the medical device maker Cyberonics has ended, the company disclosed Monday. Read more..
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..
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..
On Sunday, Equity Office accepted a $36 billion offer from the Blackstone Group. It would be the costliest buyout in history. Read more..
Several new or evolving plans recognize that the usual airline loyalty programs may not be enough for the extreme air traveler. Read more..
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
| Currencies | Exchange 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