Financial news on November 21st, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.1727.1826.7326.8045M
General ElectricGE35.9836.0035.7235.8025.1M
AT&T Inc.T33.1733.2532.6332.7522.3M
Oracle Corp.ORCL19.4619.4919.2219.4820.6M
Verizon CommunicationsVZ34.9535.3634.9135.1318.1M
HP Inc.HPQ39.6740.0039.6739.9912.2M
Home DepotHD38.4138.4437.9137.929.02M
Wal-Mart StoresWMT47.7647.9847.6047.818.74M
Johnson & JohnsonJNJ66.9067.0666.3166.608.3M
Wells Fargo & Co.WFC36.1636.2035.7735.787.77M
Abbott LaboratoriesABT47.7047.8047.4047.497.73M
JPMorgan ChaseJPM47.7847.9447.4047.757.42M
Bristol-Myers SquibbBMY24.4924.7124.3924.507.03M
UnitedHealth GroupUNH47.0047.0046.1946.336.13M
Walt Disney & Co.DIS33.1633.3733.0033.235.81M
Procter & GamblePG63.4763.7163.2663.265.11M
Gilead SciencesGILD69.3969.3967.3067.513.12M
International Business MachinesIBM92.8593.4392.8593.083.07M
United TechnologiesUTX65.7165.9865.7065.832.64M
Union PacificUNP91.2591.7691.0591.49967K
Berkshire HathawayBRK.B3593.003593.003568.003581.0012K
Exchange Rates of November 21st, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.920 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.146 CAD1 CAD = 0.873 USD
US DollarSwiss Franc1 USD = 1.241 CHF1 CHF = 0.806 USD
US DollarChinese Yuan1 USD = 7.870 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 151.440 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.479 EUR
EuroAustralian Dollar1 EUR = 1.664 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.471 CAD1 CAD = 0.680 EUR
EuroSwiss Franc1 EUR = 1.594 CHF1 CHF = 0.627 EUR
Japanese YenPound Sterling1 JPY = 0.446 GBP1 GBP = 2.241 JPY
Japanese YenAustralian Dollar1 JPY = 1.099 AUD1 AUD = 0.910 JPY
Japanese YenCanadian Dollar1 JPY = 0.971 CAD1 CAD = 1.030 JPY
Japanese YenSwiss Franc1 JPY = 1.052 CHF1 CHF = 0.950 JPY
Pound SterlingAustralian Dollar1 GBP = 2.462 AUD1 AUD = 0.406 GBP
Pound SterlingCanadian Dollar1 GBP = 2.176 CAD1 CAD = 0.460 GBP
Pound SterlingSwiss Franc1 GBP = 2.357 CHF1 CHF = 0.424 GBP
Australian DollarCanadian Dollar1 AUD = 0.883 CAD1 CAD = 1.132 AUD
Australian DollarSwiss Franc1 AUD = 0.957 CHF1 CHF = 1.045 AUD
Canadian DollarSwiss Franc1 CAD = 1.083 CHF1 CHF = 0.923 CAD

See what else happened on November 21st, 2006