Financial news on August 25th, 2006

Business and Financial news
Apple Changes Its Tunes on Viruses

For years, Apple avoided advertising the fact that Mac OS X hasn't come under a single virus attack "in the wild." But now Apple has changed its tune. Read more..

By DAVID POGUE - The New York Times

A Private Eye for Investors

As the number of hedge funds has multiplied, potential investors are turning to professional sleuths for guidance. Read more..

By MICHAEL J. de la MERCED - The New York Times

Canadian Drugstore Company Retreats From U.S.

The Jean Coutu Group confirmed that it would sell its Eckerd and Brooks drugstore chains, putting it on a list of Canadian retailers whose success at home did not translate in the American market. Read more..

By IAN AUSTEN - The New York Times

Chinese Bank Is Buying Some Bank of America Branches

The China Construction Bank agreed to buy Bank of America’s retail banking operations in Hong Kong and Macao. Read more..

By KEITH BRADSHER - The New York Times

If Your Stocks Fall, Demand a Refund chief executive Patrick M. Byrne’s latest legal theory would allow those who bought the company’s stock before it plunged to get their money back from their brokers. Read more..

By FLOYD NORRIS - The New York Times

Italian Banks in Merger Discussion

Banca Intesa of Italy may buy a smaller rival, Sanpaolo IMI, to create a bank with more than 6,300 branches, the most in Italy. The boards of the companies will meet to discuss a possible merger by the end of the week, Intesa and Sanpaolo said in ... Read more..

By BLOOMBERG NEWS - The New York Times

Next-Day Pill No Pot of Gold for Its Maker

The political debate over Plan B may have helped raise the profile of its maker, Barr Pharmaceuticals, but over-the-counter sales will barely register on its balance sheet. Read more..

By ALEX BERENSON - The New York Times

Promoting Alternative Energy Without Being Too Green

The buzz in Silicon Valley is all about “clean tech.” But some venture capital financed start-ups are stretching the definition of what it means to be green. Read more..

By MATT RICHTEL - The New York Times

State Opposes Delay for Grasso Pay Trial

The New York attorney general’s office asked an appeals court not to delay a trial of former N.Y.S.E. chairman Richard A. Grasso, over his $190 million pay package. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,0321,2720,9621,0529M
Oracle Corp.ORCL15,3615,6315,3115,4128.9M
General ElectricGE33,7233,9233,7133,8411.6M
Home DepotHD33,6133,6933,2833,4810.3M
Wal-Mart StoresWMT43,6044,0643,5243,887.72M
AT&T Inc.T30,3030,7230,3030,637.22M
Bristol-Myers SquibbBMY21,6021,7721,5921,687.17M
HP Inc.HPQ35,2035,4535,1335,236.46M
Walt Disney & Co.DIS28,9529,0728,7028,955.95M
Johnson & JohnsonJNJ64,7364,8964,6164,675.53M
Verizon CommunicationsVZ34,6334,8734,5534,705.02M
Abbott LaboratoriesABT48,5448,9648,5248,794.62M
Procter & GamblePG60,8361,1760,8260,874.49M
JPMorgan ChaseJPM45,6845,6945,3045,524.45M
Wells Fargo & Co.WFC35,1035,2134,7934,904.39M
International Business MachinesIBM79,2080,0079,1479,883.43M
UnitedHealth GroupUNH50,7551,0750,1550,882.91M
Gilead SciencesGILD63,3563,8063,0763,202.44M
United TechnologiesUTX60,5060,9960,0160,671.74M
Union PacificUNP80,5081,3280,0380,941.43M
Berkshire HathawayBRK.B3214,003214,003185,003202,0011.4K
Exchange Rates of August 25th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,270 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,109 CAD1 CAD = 0,902 USD
US DollarSwiss Franc1 USD = 1,240 CHF1 CHF = 0,807 USD
US DollarChinese Yuan1 USD = 7,976 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 149,550 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,676 GBP1 GBP = 1,480 EUR
EuroAustralian Dollar1 EUR = 1,684 AUD1 AUD = 0,594 EUR
EuroCanadian Dollar1 EUR = 1,414 CAD1 CAD = 0,707 EUR
EuroSwiss Franc1 EUR = 1,581 CHF1 CHF = 0,633 EUR
Japanese YenPound Sterling1 JPY = 0,452 GBP1 GBP = 2,215 JPY
Japanese YenAustralian Dollar1 JPY = 1,126 AUD1 AUD = 0,888 JPY
Japanese YenCanadian Dollar1 JPY = 0,945 CAD1 CAD = 1,058 JPY
Japanese YenSwiss Franc1 JPY = 1,057 CHF1 CHF = 0,946 JPY
Pound SterlingAustralian Dollar1 GBP = 2,492 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,093 CAD1 CAD = 0,478 GBP
Pound SterlingSwiss Franc1 GBP = 2,339 CHF1 CHF = 0,428 GBP
Australian DollarCanadian Dollar1 AUD = 0,839 CAD1 CAD = 1,192 AUD
Australian DollarSwiss Franc1 AUD = 0,938 CHF1 CHF = 1,066 AUD
Canadian DollarSwiss Franc1 CAD = 1,118 CHF1 CHF = 0,895 CAD

See what else happened on August 25th, 2006