Financial news on October 27, 2006

Business and Financial news
Battery Recall Exacts Steep Toll on Sony

Sony reported a 94 percent drop in third quarter earnings and lowered its forecasts for the 2006 fiscal year. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Ex-Fund Executive Settles Securities Fraud Case With S.E.C.

The former chief executive of Pimco Advisors Distributors settled a fraud case by paying a $572,000 fine.l Read more..

By BLOOMBERG NEWS - The New York Times

General Motors Is Expanding Hummer Sales

General Motors said it would begin Hummer sales in Australia next year as it adds international markets for the vehicle, its fastest-growing brand. The Hummer H3 midsize sport utility vehicle will start arriving at Australian dealers in mid-2007, ... Read more..

By BLOOMBERG NEWS - The New York Times

Generic Rival’s Inroads Hurt Bristol-Myers Squibb

Bristol-Myers said it lost up to $600 million in sales to a Canadian rival, causing a 65 percent earnings decline in the third quarter. Read more..

By STEPHANIE SAUL - The New York Times

Law Firms Are Starting to Adopt Outsourcing

More law firms are looking to move clerical functions out of high-cost cities and into lower-cost regions like India. Read more..

By JULIE CRESWELL - The New York Times

New York Isn’t the World’s Undisputed Financial Capital

New York’s crown as the world financial capital may be slipping, raising alarm in Washington and in Mayor Michael R. Bloomberg’s office. Read more..

By HEATHER TIMMONS - The New York Times

Putting the Horror Back in Halloween

Marketers are dialing up the horror quotient in Halloween advertising after five years of tamer approaches. Read more..

By STUART ELLIOTT - The New York Times

Sun Reports Higher Sales, and a Rise in Optimism

Sun Microsystems beat estimates with a smaller-than-expected quarterly loss on a 17 percent increase in sales. Read more..

By LAURIE J. FLYNN - The New York Times

Warning: Auditor Jokes Are Being Told

After Sarbanes-Oxley, auditors are being privately vilified for charging too much money while refusing to provide enough service. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 21.68 21.77 20.90 21.10 99.9M
Microsoft MSFT 28.49 28.79 28.25 28.34 89.1M
Cisco Systems CSCO 24.11 24.19 23.63 23.72 43M
Oracle Corp. ORCL 18.59 18.59 18.06 18.10 42.2M
Pfizer PFE 27.16 27.49 27.14 27.22 39.7M
General Electric GE 35.46 35.50 35.17 35.21 29.7M
Apple AAPL 81.75 82.45 80.01 80.41 21.2M
ExxonMobil XOM 71.46 72.13 71.28 71.46 19.4M
AT&T Inc. T 34.40 34.45 34.13 34.22 17.8M
Verizon Communications VZ 38.74 38.91 38.30 38.84 15.1M
Home Depot HD 37.24 37.33 36.80 37.07 14.9M
HP Inc. HPQ 38.90 39.22 38.25 38.46 13.5M
Comcast CMCSA 39.92 40.07 39.56 40.02 13.5M
Alphabet GOOGL 483.90 485.24 472.49 475.20 13.2M
Wal-Mart Stores WMT 51.58 51.60 50.63 50.73 12.5M
Altria MO 81.51 82.00 80.76 81.85 11.5M
ConocoPhillips COP 62.00 62.18 61.15 61.19 10.6M
Abbott Laboratories ABT 47.45 47.73 47.25 47.67 10.2M
Amazon AMZN 38.15 38.38 37.66 38.24 9.95M
Bristol-Myers Squibb BMY 24.52 24.72 24.20 24.69 9.58M
Chevron CVX 68.05 68.48 67.42 67.68 8.89M
Schlumberger SLB 63.50 64.32 62.40 62.81 8.8M
Wells Fargo & Co. WFC 36.43 36.62 36.25 36.32 8.2M
Merck MRK 46.37 46.37 45.74 46.09 8.1M
Johnson & Johnson JNJ 68.60 68.64 68.00 68.17 7.95M
McDonald's MCD 41.82 41.93 41.41 41.47 7.31M
Procter & Gamble PG 63.31 63.84 63.15 63.56 7.17M
JPMorgan Chase JPM 47.57 47.71 47.16 47.29 7.11M
Boeing BA 79.17 80.40 78.52 79.74 6.88M
Walt Disney & Co. DIS 31.84 31.99 31.58 31.73 6.84M
Amgen AMGN 75.87 77.00 75.34 75.52 6.81M
Coca-Cola KO 46.96 47.02 46.76 46.87 6.75M
International Business Machines IBM 90.91 91.89 90.58 90.76 5.84M
UnitedHealth Group UNH 49.25 49.91 48.93 49.41 5.41M
Pepsico PEP 63.62 63.76 63.38 63.54 2.98M
United Technologies UTX 65.00 65.25 64.29 64.94 2.85M
Gilead Sciences GILD 68.95 69.29 68.03 68.18 2.39M
3M MMM 79.20 79.73 78.88 78.95 2.33M
Union Pacific UNP 90.43 91.36 90.00 90.86 1.31M
Berkshire Hathaway BRK.B 3489.00 3523.00 3457.00 3457.00 20.7K
Exchange Rates of October 27, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.600 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.120 CAD 1 CAD = 0.893 USD
US Dollar Swiss Franc 1 USD = 1.249 CHF 1 CHF = 0.801 USD
US Dollar Chinese Yuan 1 USD = 7.890 CNY 1 CNY = 0.127 USD
Euro Japanese Yen 1 EUR = 149.840 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.671 GBP 1 GBP = 1.490 EUR
Euro Australian Dollar 1 EUR = 1.658 AUD 1 AUD = 0.603 EUR
Euro Canadian Dollar 1 EUR = 1.426 CAD 1 CAD = 0.701 EUR
Euro Swiss Franc 1 EUR = 1.591 CHF 1 CHF = 0.629 EUR
Japanese Yen Pound Sterling 1 JPY = 0.448 GBP 1 GBP = 2.234 JPY
Japanese Yen Australian Dollar 1 JPY = 1.106 AUD 1 AUD = 0.904 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.951 CAD 1 CAD = 1.051 JPY
Japanese Yen Swiss Franc 1 JPY = 1.062 CHF 1 CHF = 0.942 JPY
Pound Sterling Australian Dollar 1 GBP = 2.471 AUD 1 AUD = 0.405 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.125 CAD 1 CAD = 0.471 GBP
Pound Sterling Swiss Franc 1 GBP = 2.370 CHF 1 CHF = 0.422 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.860 CAD 1 CAD = 1.163 AUD
Australian Dollar Swiss Franc 1 AUD = 0.959 CHF 1 CHF = 1.043 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.115 CHF 1 CHF = 0.897 CAD

See what else happened on October 27, 2006