Financial news on August 23rd, 2006

Business and Financial news
A Booming Demand for Medical Offices

Medical offices are popping up in the unlikeliest of places, reusing old factories and retooling old office space to be closer to suburban patients. Read more..

By C. J. HUGHES - The New York Times

A Fed Banker Revives Talk of an 18th Increase in Rates

The president of the Federal Reserve Bank of Chicago said the Fed might need to resume raising interest rates to reduce inflation. Read more..

By BLOOMBERG NEWS - The New York Times

Fired or Quit, Tom Cruise Parts Ways With Studio

Citing Mr. Cruise’s recent behavior, Viacom’s chairman said that Paramount Pictures was ending its 14-year relationship with the actor’s production company. Read more..


First Data to Restate Earnings for 2 Years on Accounting Change

The First Data Corporation will file restated earnings for 2005 and 2006 to change the way it accounts for some derivative positions. Read more..

By BLOOMBERG NEWS - The New York Times

Madison Ave. Joins the ‘Entourage’ Hangers-On

The men from the HBO series “Entourage,” like the women from “Sex and the City,” have become appealing to advertisers. Read more..

By STUART ELLIOTT - The New York Times

Microsoft to Provide and Sell Ads on Facebook, the Web Site

Microsoft will be the exclusive seller and provider of banner advertising for Facebook, a Web site aimed at college students. Read more..

By KATHARINE Q. SEELYE - The New York Times

Researchers Yearn to Use AOL Logs, but They Hesitate

When AOL researchers released users’ search logs last month, many academic researchers balanced a thirst for useful data against concerns over individual privacy. Read more..

By KATIE HAFNER - The New York Times

This Fed Chief May Yet Get a Honeymoon

Many of Federal Reserve Chairman Ben Bernanke’s problems stem from a lack of understanding about how he makes decisions. Once you realize that, he begins to look a lot better than his critics. Read more..

By DAVID LEONHARDT - The New York Times

U.S.C. Files Lawsuit Against Tenet Healthcare

The University of Southern California sued the Tenet Healthcare in an attempt to take over a Los Angeles university hospital that Tenet owns and operates. Read more..

By BLOOMBERG NEWS - The New York Times

William C. Norris, 95, Founder of an Early Rival to I.B.M., Dies

William C. Norris was an electrical engineer who founded Control Data, the company that created the first supercomputers. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL15.4815.4915.2315.3237.8M
Cisco SystemsCSCO21.2021.3320.8321.0536.6M
General ElectricGE33.7533.8733.6033.7918.2M
Home DepotHD33.7533.9033.5133.6514.5M
Verizon CommunicationsVZ34.5034.8434.3034.3910.8M
Wal-Mart StoresWMT44.1044.1543.4843.7610.6M
Bristol-Myers SquibbBMY21.8421.9221.5321.639.95M
Walt Disney & Co.DIS29.6229.8029.0129.199.2M
Abbott LaboratoriesABT48.9849.1648.7649.009.18M
HP Inc.HPQ35.2035.4835.0135.269.01M
JPMorgan ChaseJPM45.2045.6445.1645.528.73M
AT&T Inc.T30.5830.7130.3230.487.22M
Wells Fargo & Co.WFC34.8934.9734.5834.917.2M
Johnson & JohnsonJNJ64.0064.0663.8063.916.59M
Procter & GamblePG60.9061.4560.7360.924.75M
International Business MachinesIBM78.9579.4778.4278.673.43M
Gilead SciencesGILD63.6963.7462.5563.142.35M
UnitedHealth GroupUNH49.6549.9549.4549.642.21M
United TechnologiesUTX60.6661.2660.3960.771.88M
Union PacificUNP81.8082.2880.9681.501.1M
Berkshire HathawayBRK.B3181.003189.503165.003173.0013.3K
Exchange Rates of August 23rd, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.370 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.112 CAD1 CAD = 0.899 USD
US DollarSwiss Franc1 USD = 1.235 CHF1 CHF = 0.810 USD
US DollarChinese Yuan1 USD = 7.969 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 148.810 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.481 EUR
EuroAustralian Dollar1 EUR = 1.676 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.422 CAD1 CAD = 0.703 EUR
EuroSwiss Franc1 EUR = 1.580 CHF1 CHF = 0.633 EUR
Japanese YenPound Sterling1 JPY = 0.454 GBP1 GBP = 2.205 JPY
Japanese YenAustralian Dollar1 JPY = 1.126 AUD1 AUD = 0.888 JPY
Japanese YenCanadian Dollar1 JPY = 0.955 CAD1 CAD = 1.047 JPY
Japanese YenSwiss Franc1 JPY = 1.061 CHF1 CHF = 0.942 JPY
Pound SterlingAustralian Dollar1 GBP = 2.482 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.105 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.338 CHF1 CHF = 0.428 GBP
Australian DollarCanadian Dollar1 AUD = 0.848 CAD1 CAD = 1.180 AUD
Australian DollarSwiss Franc1 AUD = 0.942 CHF1 CHF = 1.062 AUD
Canadian DollarSwiss Franc1 CAD = 1.110 CHF1 CHF = 0.901 CAD

See what else happened on August 23rd, 2006