Financial news on February 27, 2006

Business and Financial news
Ball Picks Up Alcan Unit for $180 Million

Alcan , the Canadian aluminum producer, said it would sell its plastic bottle operations in North America to Ball Corp. for $180 million. Alcan said the the deal was part of its “continued strategy of focusing resources on markets where we enjoy scale and leadership positions.” Ball is already a major supplier of plastic bottles, […] Read more..

By DEALBOOK - The New York Times

GE to Exit Genworth on High Note

General Electric Co. has filed with regulators to sell its 18 percent stake of onetime subsidiary Genworth Financial in a secondary offering, and it should get a much higher price this time around. When the insurance provider first went public in May 2004, Genworth fetched $19.50 a share. Since then, the stock has climbed more […] Read more..

By DEALBOOK - The New York Times

Italy Sees ‘War’ as Suez, GdF Try Defensive Merger

Suez SA and Gaz de France SA plan to merge in a one-for-one stock swap to create the world’s second-largest power and gas company, and fend off a hostile bid for Suez from Italy’s Enel SpA. Shares of Suez fell as much as 7 percent today. Its shares are down 4.4 percent, or 1.49 euros, […] Read more..

By WRITER - The New York Times

KT&G Rejects Bid by Icahn, Lichtenstein; Takeover Battle Ahead?

KT&G Corp. rejected a bid from U.S. investors Carl Icahn and Warren Lichtenstein that valued the tobacco maker at $10 billion, raising the prospect of the nation’s biggest hostile takeover battle. The last unwelcome bid by a foreign investor in South Korea, Asia’s third-largest economy, failed in 1997. Go to Article from Bloomberg News » […] Read more..

By WRITER - The New York Times

Rosneft Chief Wants to Take $20B IPO Global

Rosneft President Sergei Bogdanchikov is courting investors to build the Russian state oil company’s $20 billion initial public stock offering into the main event on the world’s emerging markets this year. Go to Article from Reuters » Read more..

By WRITER - The New York Times

Texas Pacific Plans Asia Push

Texas Pacific Group, one of the world’s biggest private equity groups, plans a push into Asia amid signs that Newbridge Capital, its Asian affiliate, is too small to compete with global rivals for increasingly large deals. TPG wanted to deploy significantly more capital in Asia by using its new $10 billion to $12 billion buyout […] Read more..

By WRITER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.45 20.79 20.43 20.52 87.2M
Cisco Systems CSCO 19.83 20.00 19.83 19.97 55.9M
Microsoft MSFT 26.75 27.26 26.67 27.05 51.3M
Oracle Corp. ORCL 12.43 12.51 12.36 12.46 38.6M
Pfizer PFE 26.40 26.75 26.36 26.60 31.1M
Apple AAPL 72.02 72.12 70.65 70.99 28.3M
Alphabet GOOGL 381.20 391.70 380.28 390.38 20.4M
General Electric GE 33.22 33.35 33.11 33.32 19.3M
Walt Disney & Co. DIS 28.00 28.49 27.98 28.38 14.9M
HP Inc. HPQ 32.35 33.50 32.32 33.41 13.3M
ExxonMobil XOM 60.10 60.52 59.90 59.92 12.5M
AT&T Inc. T 27.52 27.98 27.48 27.77 11.8M
Verizon Communications VZ 34.00 34.61 33.75 34.06 11.6M
Home Depot HD 41.82 42.72 41.75 42.45 9.7M
ConocoPhillips COP 62.42 62.45 61.45 61.89 9.47M
Wal-Mart Stores WMT 45.59 45.88 45.55 45.76 9.05M
Abbott Laboratories ABT 43.84 44.81 43.83 44.45 8.7M
JPMorgan Chase JPM 41.67 41.95 41.55 41.58 8.54M
Merck MRK 35.02 35.59 35.02 35.36 8.14M
Amgen AMGN 74.75 75.97 74.70 75.48 7.73M
Comcast CMCSA 26.62 27.00 26.56 26.84 7.5M
Johnson & Johnson JNJ 57.96 58.55 57.83 57.91 7.01M
Procter & Gamble PG 61.68 61.89 61.35 61.35 6.72M
Coca-Cola KO 42.28 42.53 42.18 42.53 6.6M
Chevron CVX 57.65 57.72 57.05 57.10 6.2M
Altria MO 72.80 72.94 72.50 72.72 5.63M
Bristol-Myers Squibb BMY 23.01 23.40 23.01 23.21 5.5M
Amazon AMZN 38.49 38.78 37.93 38.01 4.45M
Schlumberger SLB 117.95 118.14 115.17 115.38 4.32M
McDonald's MCD 35.30 35.53 35.11 35.25 4.26M
International Business Machines IBM 80.00 80.89 79.95 80.63 3.79M
Gilead Sciences GILD 62.05 63.97 61.85 63.67 3.75M
Pepsico PEP 59.77 59.90 59.50 59.51 3.55M
United Technologies UTX 58.88 59.30 58.76 58.76 3.25M
UnitedHealth Group UNH 59.00 59.16 58.82 58.94 3.25M
Wells Fargo & Co. WFC 64.56 64.94 64.35 64.49 3.06M
3M MMM 74.00 74.66 73.69 73.69 2.77M
Boeing BA 74.05 74.89 74.00 74.13 1.97M
Union Pacific UNP 88.84 90.34 88.73 90.11 902K
Berkshire Hathaway BRK.B 2870.00 2907.50 2870.00 2897.00 15.7K
Exchange Rates of February 27, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.170 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.141 CAD 1 CAD = 0.877 USD
US Dollar Swiss Franc 1 USD = 1.323 CHF 1 CHF = 0.756 USD
US Dollar Chinese Yuan 1 USD = 8.039 CNY 1 CNY = 0.124 USD
Euro Japanese Yen 1 EUR = 137.610 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.681 GBP 1 GBP = 1.469 EUR
Euro Australian Dollar 1 EUR = 1.606 AUD 1 AUD = 0.623 EUR
Euro Canadian Dollar 1 EUR = 1.351 CAD 1 CAD = 0.740 EUR
Euro Swiss Franc 1 EUR = 1.567 CHF 1 CHF = 0.638 EUR
Pound Sterling Australian Dollar 1 GBP = 2.359 AUD 1 AUD = 0.424 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.984 CAD 1 CAD = 0.504 GBP
Pound Sterling Swiss Franc 1 GBP = 2.301 CHF 1 CHF = 0.435 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.841 CAD 1 CAD = 1.189 AUD
Australian Dollar Swiss Franc 1 AUD = 0.975 CHF 1 CHF = 1.026 AUD

See what else happened on February 27, 2006