Financial news on September 22, 2006

Business and Financial news
A Familiar Story, Youthful Bent Included

Experienced traders say the commodity markets are full of young hotshots who see risk as a mere speed bump, until they lose big. Read more..

By HEATHER TIMMONS - The New York Times

Family Property’s Tangled History

A family seeks restitution for property confiscated by the Nazis, including what is now the site of the Ritz-Carlton Berlin hotel. Read more..

By MARK LANDLER - The New York Times

Federal Officials Scrutinizing Company Payments to Doctors

Ela Medical, a producer of implantable heart devices, said it had received a subpoena seeking information about payments to doctors using its products. Read more..

By BARRY MEIER - The New York Times

Luring Customers From Medicare

Critics see the flourishing trend of fee-for-service health plans as further evidence that the government is paying private industry to take Medicare off its hands. Read more..

By MILT FREUDENHEIM - The New York Times

Marketing on Google: It’s Not Just Text Anymore

Google is turning to Madison Avenue to help convince marketers to buy its more elaborate types of online ads, like click-to-play video. Read more..

By STUART ELLIOTT - The New York Times

MTV Will Acquire Maker of Music-Oriented Games

The deal will allow MTV to offer its Web site visitors the ability to play along with, or remix, their favorite songs. Read more..

By RICHARD SIKLOS - The New York Times

Profit Falls at ConAgra

ConAgra Foods said quarterly profit fell 66 percent from a year earlier. Read more..

By BLOOMBERG NEWS - The New York Times

Time to Bring Share Lending Into the Light

If the S.E.C. continues to require that shares be borrowed before they can be shorted, then an effort to make the stock loan market more transparent makes sense. Read more..

By FLOYD NORRIS - The New York Times

Tribune to Consider Sale of Some Media Assets

The company said it would investigate whether to sell any or all of its 11 newspapers and 25 television stations. Read more..

By KATHARINE Q. SEELYE - The New York Times

Yahoo Woos a Social Networking Site

Yahoo has offered about $900 million to woo Mark Zuckerberg, the 22-year-old founder of the popular social networking site Facebook.com. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 17.83 17.90 17.53 17.54 49.7M
Intel INTC 19.18 19.36 19.03 19.07 48.8M
Microsoft MSFT 26.83 26.85 26.48 26.66 47.7M
Cisco Systems CSCO 22.85 23.04 22.57 22.88 45.4M
Apple AAPL 74.30 74.34 72.58 73.00 23.8M
HP Inc. HPQ 34.35 35.22 34.15 35.11 23M
AT&T Inc. T 32.38 33.03 32.28 32.90 21.9M
Pfizer PFE 28.21 28.24 28.03 28.16 19.4M
ExxonMobil XOM 65.28 65.34 64.30 64.91 18.2M
General Electric GE 34.36 34.50 34.27 34.40 17.5M
Verizon Communications VZ 36.85 37.37 36.85 37.10 15.1M
Wal-Mart Stores WMT 48.30 48.62 47.60 48.29 11.8M
Walt Disney & Co. DIS 30.57 30.70 30.00 30.08 11.4M
ConocoPhillips COP 58.75 58.83 57.21 58.04 11.2M
Schlumberger SLB 57.76 57.98 56.57 57.10 11.2M
Merck MRK 41.97 42.19 41.84 42.04 9.43M
Alphabet GOOGL 404.98 407.45 401.36 403.78 9.29M
Bristol-Myers Squibb BMY 24.71 25.06 24.40 25.06 9.13M
Amgen AMGN 72.33 72.38 70.51 70.89 8.85M
Comcast CMCSA 35.31 35.40 34.78 35.12 8.66M
Home Depot HD 35.87 35.98 35.40 35.96 7.81M
UnitedHealth Group UNH 50.30 50.30 48.90 48.97 7.75M
Chevron CVX 62.30 62.43 61.27 61.94 7.44M
Amazon AMZN 30.22 30.95 29.90 30.84 7.25M
Procter & Gamble PG 61.65 62.00 61.54 61.81 6.8M
Altria MO 82.28 82.40 81.27 82.32 6.6M
Abbott Laboratories ABT 48.01 48.20 47.68 47.90 6.07M
JPMorgan Chase JPM 46.70 46.94 46.51 46.82 6.05M
Johnson & Johnson JNJ 64.04 64.11 63.85 63.96 5.6M
McDonald's MCD 38.29 38.53 38.07 38.21 5.59M
Coca-Cola KO 44.10 44.20 43.94 43.99 4.85M
Boeing BA 76.11 77.77 75.74 77.25 4.68M
International Business Machines IBM 81.75 82.12 81.01 81.21 4.35M
Gilead Sciences GILD 64.30 65.10 64.10 64.78 3.92M
Pepsico PEP 64.48 64.59 64.05 64.28 3.66M
United Technologies UTX 62.53 62.77 62.19 62.30 3.63M
Wells Fargo & Co. WFC 36.20 36.28 35.91 36.01 3.55M
3M MMM 73.30 73.56 72.22 73.07 2.41M
Union Pacific UNP 83.25 83.89 82.58 83.42 1.7M
Berkshire Hathaway BRK.B 3135.00 3140.00 3104.00 3119.50 14.1K
Exchange Rates of September 22, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.510 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.117 CAD 1 CAD = 0.895 USD
US Dollar Swiss Franc 1 USD = 1.236 CHF 1 CHF = 0.809 USD
US Dollar Chinese Yuan 1 USD = 7.917 CNY 1 CNY = 0.126 USD
Euro Japanese Yen 1 EUR = 148.960 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.673 GBP 1 GBP = 1.486 EUR
Euro Australian Dollar 1 EUR = 1.704 AUD 1 AUD = 0.587 EUR
Euro Canadian Dollar 1 EUR = 1.428 CAD 1 CAD = 0.700 EUR
Euro Swiss Franc 1 EUR = 1.580 CHF 1 CHF = 0.633 EUR
Japanese Yen Pound Sterling 1 JPY = 0.451 GBP 1 GBP = 2.215 JPY
Japanese Yen Australian Dollar 1 JPY = 1.143 AUD 1 AUD = 0.875 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.959 CAD 1 CAD = 1.043 JPY
Japanese Yen Swiss Franc 1 JPY = 1.060 CHF 1 CHF = 0.943 JPY
Pound Sterling Australian Dollar 1 GBP = 2.534 AUD 1 AUD = 0.395 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.123 CAD 1 CAD = 0.471 GBP
Pound Sterling Swiss Franc 1 GBP = 2.347 CHF 1 CHF = 0.426 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.838 CAD 1 CAD = 1.194 AUD
Australian Dollar Swiss Franc 1 AUD = 0.927 CHF 1 CHF = 1.079 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.106 CHF 1 CHF = 0.905 CAD

See what else happened on September 22, 2006