Financial news on August 24, 2006

Business and Financial news
Cigarette Name Acquired in Britain

The Imperial Tobacco Group, the European cigarette maker, bought the Davidoff cigarette trademark from Tchibo Holding for 540 million euros ($693 million), avoiding an increase in royalty payments. Imperial, which is based in Bristol, England, has... Read more..

By BLOOMBERG NEWS - The New York Times

Court Orders Target to Defend Bias Suit

The discount store chain must defend an Equal Employment Opportunity Commission suit asserting it has racially biased hiring practices. Read more..

By BLOOMBERG NEWS - The New York Times

Don’t Like What’s on TV? This Set Will Find Something on the PC

Hewlett-Packard’s latest high-definition TV has a few tricks up its sleeve. Read more..

By JOHN BIGGS - The New York Times

Finding Success Abroad With Tea and Cigars

The language, legal and social barriers to starting an international small business may prove costly but for those who are up for the challenge, the rewards can be great. Read more..

By SUSANNAH CAHALAN - The New York Times

Merck Sees Successor to Vioxx

Merck said its drug Arcoxia was shown in a study to be no more dangerous to the heart than an older painkiller still widely in use. Read more..

By ALEX BERENSON - The New York Times

New Zealand Trade Deficit Wider Than Forecast

New Zealand’s annual trade deficit unexpectedly widened in July as purchases of oil and aircraft increased imports to an eight-month high. The merchandise trade gap was 6.74 billion New Zealand dollars ($4.3 billion) in the year ended July 31, fro... Read more..

By BLOOMBERG NEWS - The New York Times

Rambus Shares Rise on Ruling

A California judge delayed the final stage of a six-year patent dispute between Rambus and Hynix Semiconductor. Read more..

By BLOOMBERG NEWS - The New York Times

The Mall Is an Armory Where Zombies Roam

Tired of killing the undead? Move on to exploding piglets. Read more..

By CHARLES HEROLD - The New York Times

The Rapidly Changing Signs at the Gas Station Show Markets at Work

Even if the price of gasoline were set by a perfectly benevolent conservationist, we would expect to see the same pattern of price movements. Read more..

By HAL R. VARIAN - The New York Times

Weyerhaeuser Deal With Canadian Paper Maker Will Yield Continental Giant

The deal highlights the pressure North American-based makers of fine paper are under from lower-cost producers in Chile and Brazil. Read more..

By IAN AUSTEN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.38 18.57 18.31 18.56 48.2M
Oracle Corp. ORCL 15.39 15.50 15.23 15.38 41.9M
Cisco Systems CSCO 21.31 21.42 20.97 21.09 36.3M
Microsoft MSFT 25.82 25.86 25.50 25.74 35.9M
Apple AAPL 67.89 68.19 66.27 67.81 23.4M
Pfizer PFE 27.19 27.35 27.01 27.24 22.2M
ExxonMobil XOM 69.79 70.83 69.61 70.72 20.5M
Home Depot HD 33.62 33.65 33.08 33.41 16.2M
General Electric GE 33.84 34.01 33.75 33.85 14.6M
Merck MRK 40.65 40.88 39.95 40.06 12M
Johnson & Johnson JNJ 64.30 65.13 64.24 64.62 10.7M
Walt Disney & Co. DIS 29.17 29.31 28.82 28.95 10.5M
Abbott Laboratories ABT 48.83 49.26 48.76 48.82 9.73M
AT&T Inc. T 30.61 30.67 30.45 30.47 9.04M
JPMorgan Chase JPM 45.70 45.97 45.63 45.68 8.68M
HP Inc. HPQ 35.27 35.45 35.17 35.38 8.48M
ConocoPhillips COP 65.64 66.20 65.55 65.90 7.94M
Verizon Communications VZ 34.60 34.75 34.52 34.65 7.86M
Wal-Mart Stores WMT 43.76 43.96 43.66 43.70 7.48M
Comcast CMCSA 35.04 35.38 34.86 34.96 7.39M
Bristol-Myers Squibb BMY 21.63 21.78 21.59 21.64 7.25M
Wells Fargo & Co. WFC 35.00 35.24 34.97 35.21 7.03M
Alphabet GOOGL 374.44 376.40 372.26 373.73 6.96M
Altria MO 84.00 84.50 83.69 84.46 5.47M
Schlumberger SLB 64.25 64.44 63.30 63.85 5.39M
Procter & Gamble PG 60.88 61.38 60.82 61.05 5.35M
UnitedHealth Group UNH 49.69 51.30 49.64 51.16 5.34M
Chevron CVX 65.68 66.73 65.62 66.73 5.34M
Coca-Cola KO 44.30 44.60 44.18 44.51 5.16M
Amazon AMZN 28.24 28.25 27.54 27.97 4.52M
McDonald's MCD 35.59 35.88 35.16 35.88 4.33M
Pepsico PEP 64.00 64.56 63.85 64.14 4.27M
Amgen AMGN 67.66 67.77 66.66 67.11 3.79M
International Business Machines IBM 78.90 79.50 78.87 79.38 3.47M
Boeing BA 76.85 77.04 75.00 75.24 3.31M
3M MMM 70.50 70.58 69.65 70.10 2.48M
United Technologies UTX 60.91 61.26 60.77 60.99 2.29M
Gilead Sciences GILD 63.17 64.13 63.16 63.70 2.11M
Union Pacific UNP 81.50 81.83 80.43 80.57 1.4M
Berkshire Hathaway BRK.B 3183.00 3229.00 3183.00 3208.00 31.8K
Exchange Rates of August 24, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.480 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.110 CAD 1 CAD = 0.901 USD
US Dollar Swiss Franc 1 USD = 1.239 CHF 1 CHF = 0.807 USD
US Dollar Chinese Yuan 1 USD = 7.969 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 148.700 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.676 GBP 1 GBP = 1.479 EUR
Euro Australian Dollar 1 EUR = 1.676 AUD 1 AUD = 0.597 EUR
Euro Canadian Dollar 1 EUR = 1.416 CAD 1 CAD = 0.706 EUR
Euro Swiss Franc 1 EUR = 1.581 CHF 1 CHF = 0.633 EUR
Japanese Yen Pound Sterling 1 JPY = 0.454 GBP 1 GBP = 2.201 JPY
Japanese Yen Australian Dollar 1 JPY = 1.127 AUD 1 AUD = 0.888 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.952 CAD 1 CAD = 1.050 JPY
Japanese Yen Swiss Franc 1 JPY = 1.063 CHF 1 CHF = 0.941 JPY
Pound Sterling Australian Dollar 1 GBP = 2.479 AUD 1 AUD = 0.403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.095 CAD 1 CAD = 0.477 GBP
Pound Sterling Swiss Franc 1 GBP = 2.338 CHF 1 CHF = 0.428 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.845 CAD 1 CAD = 1.184 AUD
Australian Dollar Swiss Franc 1 AUD = 0.943 CHF 1 CHF = 1.061 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.116 CHF 1 CHF = 0.896 CAD

See what else happened on August 24, 2006