Financial news on February 24th, 2006
Business and Financial news
Auto-parts maker Dana Corp. saw its stock price cut in half on Friday following a report that the company has begun working with restructuring firm Miller Buckfire & Co. LLC. A Dana spokesman wouldn’t comment on the matter, but investors ran for the door, sending the company’s shares plunging to $1.51, down 52%, by the […] Read more..
Deutsche Bank is in talks with the Justice Department in an effort to settle a criminal investigation over the bank’s role in questionable tax shelters, The New York Times reported. For Deutsche Bank, the path toward a settlement may be rockier than previous tax shelter settlements, in part because it had a much larger role […] Read more..
KLA-Tencor Corp., the No .2 U.S. chip-equipment maker, is buying ADE Corp. for about $488 million in stock, the companies said Thursday. Go to Article from MarketWatch Read more..
Lonmin Plc, the world’s third-largest platinum producer, said talks that may have led to a takeover bid have been terminated. The company’s shares plunged. Go to Article from Bloomberg News Read more..
The oil major Shell was linked yesterday to a possible $3.5 billion takeover of a leading wind turbine manufacturer, adding to the excitement around the alternative energy sector. Go to Article from The Guardian Read more..
Barclays got the banks’ reporting season off to a flying start this week, and the Collins Stewart Tullett analyst Sandy Chen reckons the group is the only UK bank that is a serious contender to be taken over. Go to Article from The Independent Read more..
Days after Time Warner Inc. reached a truce with activist investor Carl Icahn, the media conglomerate announced that longtime board member Ted Turner wouldn’t stand for re-election as director this year. The company also said that board member Carla A. Hills will also step down under the board’s retirement policy. The moves have the convenient […] Read more..
Values are reported in US Dollars
|Walt Disney & Co.||DIS||27.71||27.99||27.61||27.98||12M|
|Johnson & Johnson||JNJ||58.69||58.69||57.42||57.76||10.4M|
|Procter & Gamble||PG||61.32||61.73||61.06||61.50||5.61M|
|Wells Fargo & Co.||WFC||64.64||64.83||64.32||64.57||4M|
|International Business Machines||IBM||80.65||80.65||79.85||80.10||3.9M|
Exchange Rates of February 24th, 2006
|US Dollar||Japanese Yen||1 USD = 116.850 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.148 CAD||1 CAD = 0.871 USD|
|US Dollar||Swiss Franc||1 USD = 1.317 CHF||1 CHF = 0.759 USD|
|US Dollar||Chinese Yuan||1 USD = 8.041 CNY||1 CNY = 0.124 USD|
|Euro||Japanese Yen||1 EUR = 138.760 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.680 GBP||1 GBP = 1.470 EUR|
|Euro||Australian Dollar||1 EUR = 1.606 AUD||1 AUD = 0.623 EUR|
|Euro||Canadian Dollar||1 EUR = 1.363 CAD||1 CAD = 0.734 EUR|
|Euro||Swiss Franc||1 EUR = 1.564 CHF||1 CHF = 0.639 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2.360 AUD||1 AUD = 0.424 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.003 CAD||1 CAD = 0.499 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.299 CHF||1 CHF = 0.435 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.849 CAD||1 CAD = 1.179 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.974 CHF||1 CHF = 1.027 AUD|