Financial news on November 22, 2006

Business and Financial news
Another Lens Solution Recalled

The shares for Advanced Medical Optics fell 8.9 percent after 2.9 million bottles of Complete MoisturePlus were recalled. Read more..

By BLOOMBERG NEWS - The New York Times

AOL Dips Into Time Warner for a President

The new chief executive of AOL, Randy Falco, named Ronald E. Grant as president. Read more..

By BLOOMBERG NEWS - The New York Times

A Piazza for a Maryland Suburb

Rockville’s new mixed-use downtown aims to avoid the ‘Anyplace U.S.A.’ look. Read more..

By ELSA BRENNER - The New York Times

Executive at Stock Unit Said to Leave Hedge Fund

The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according to a source. Read more..

By JENNY ANDERSON - The New York Times

G.M. Cancels Plan for Saturn Minivan

The minivan’s cancellation marks the third time that G.M. had seemingly promised a new product to the factory only to back out. Read more..

By NICK BUNKLEY - The New York Times

India: Infosys Plans a Big U.S. Offering

Infosys Technologies, the outsourcing company, will offer $1.6 billion worth of its shares in the United States, the biggest overseas offering by an Indian company. The 30 million American depository shares, each worth one common share, were price... Read more..

By SARITHA RAI - The New York Times

Japan: Trade Surplus Narrows

The country’s trade surplus narrowed more than expected as American demand cooled, signaling the impetus exports contributed to economic growth last quarter is fading. The trade surplus fell 24.8 percent, to 614.7 billion yen ($5.2 billion) in Oct... Read more..

By BLOOMBERG NEWS - The New York Times

Potato Marketers Back for Seconds This Thanksgiving

For Thanksgiving Day, the United States Potato Board will be opening pop-up stores, which are temporary stores that consumers can visit for a limited time. Read more..

By STUART ELLIOTT - The New York Times

Qantas Airways Approached by Australian-U.S. Private Equity Combination

Qantas was once state-owned and still has restrictions on ownership, and the Australian government retains a golden share it can use to veto any takeover plans. Read more..

By TIM JOHNSTON - The New York Times

Shares of Aircraft Parts Maker Surge on First Trading Day

Shares in the Spirit AeroSystems Holdings unit of Onex, the Canadian leveraged buyout company, rose 12 percent. Read more..

By IAN AUSTEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.9326.9926.7526.9127.1M
Oracle Corp.ORCL19.4919.7519.4819.6622.5M
General ElectricGE35.8036.0935.7235.9918.8M
AT&T Inc.T32.6632.8132.4732.6716.2M
Home DepotHD37.9238.3137.9038.1014.1M
HP Inc.HPQ39.9239.9639.4539.7213.9M
Verizon CommunicationsVZ35.3335.3434.6834.7513.2M
Wal-Mart StoresWMT47.8148.2147.7648.0310.8M
Wells Fargo & Co.WFC35.7935.8235.4135.519.13M
Walt Disney & Co.DIS33.2333.2832.7732.998.42M
Johnson & JohnsonJNJ66.5166.9566.4966.776.99M
Bristol-Myers SquibbBMY24.6824.8024.4424.736.61M
JPMorgan ChaseJPM47.6047.8947.3847.595.92M
UnitedHealth GroupUNH46.2346.6846.2246.564.86M
Abbott LaboratoriesABT47.3847.6147.2847.554.51M
Procter & GamblePG63.2763.6463.0663.644.06M
Gilead SciencesGILD67.5367.6065.8766.553.79M
International Business MachinesIBM92.9093.7492.8093.523.35M
United TechnologiesUTX65.7266.1165.7065.791.7M
Union PacificUNP91.6992.7991.4292.631.4M
Berkshire HathawayBRK.B3586.003595.003574.003593.006.9K
Exchange Rates of November 22, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.720 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.141 CAD1 CAD = 0.876 USD
US DollarSwiss Franc1 USD = 1.226 CHF1 CHF = 0.816 USD
US DollarChinese Yuan1 USD = 7.864 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 151.060 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.480 EUR
EuroAustralian Dollar1 EUR = 1.669 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.477 CAD1 CAD = 0.677 EUR
EuroSwiss Franc1 EUR = 1.587 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.447 GBP1 GBP = 2.237 JPY
Japanese YenAustralian Dollar1 JPY = 1.104 AUD1 AUD = 0.906 JPY
Japanese YenCanadian Dollar1 JPY = 0.977 CAD1 CAD = 1.023 JPY
Japanese YenSwiss Franc1 JPY = 1.050 CHF1 CHF = 0.952 JPY
Pound SterlingAustralian Dollar1 GBP = 2.469 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.185 CAD1 CAD = 0.458 GBP
Pound SterlingSwiss Franc1 GBP = 2.347 CHF1 CHF = 0.426 GBP
Australian DollarCanadian Dollar1 AUD = 0.885 CAD1 CAD = 1.131 AUD
Australian DollarSwiss Franc1 AUD = 0.950 CHF1 CHF = 1.052 AUD
Canadian DollarSwiss Franc1 CAD = 1.074 CHF1 CHF = 0.931 CAD

See what else happened on November 22, 2006