Financial news on August 28th, 2006

Business and Financial news
A $1.5 Billion Merger of Refiners Planned

Western Refining, a gasoline refiner in El Paso, is purchasing Giant Industries, a larger refiner, for $1.5 billion in cash, people close to the deal said yesterday. Read more..

By THE NEW YORK TIMES - The New York Times

A Recasting, a Staff Shuffle and a Resignation at Dwell Magazine

As last week’s resignation of Dwell’s editor in chief showed, some changes to broaden a magazine’s appeal can have unpleasant side effects. Read more..

By MARIA ASPAN - The New York Times

Don’t Have a Cow. It’s Just a Radio Ad.

On Sept. 10, Clear Channel radio stations will run two-second “blink” ads for that night’s premiere of the Fox comedy “The Simpsons.” Read more..

By ALEX MINDLIN - The New York Times

EBay Strikes an Ad Deal With Google

EBay signed a similar partnership in May with Yahoo that included ads on domestic pages. Read more..

By SAUL HANSELL - The New York Times

For Delta, Another Obstacle to Normalcy

The crash of Comair Flight 5191 on Sunday could complicate the efforts of the regional carrier’s parent company, Delta Air Lines, to emerge from bankruptcy. Read more..

By JEFF BAILEY - The New York Times

Google to Offer Services for Businesses

Taking aim at Microsoft, Google plans to offer a package of software for business users. Read more..

By LAURIE J. FLYNN - The New York Times

In London, a Haven and a Forum for War Reporters

The Frontline Club in London has become a popular way station for war correspondents, as well as a place to discuss current affairs and journalism issues. Read more..

By ERIC PFANNER - The New York Times

Lavishing Attention on the College-Bound

If this month’s online retail offerings are any indication, 2006’s back-to-school shopping season was all about college students. Read more..

By BOB TEDESCHI - The New York Times

Looking Ahead

JOBS, CARS AND MORE Friday is the big day for economic data, but Thursday is not far behind. The headline number of the week will be unemployment for August, with a predicted addition of 113,000 nonfarm payroll jobs. (Friday.) There will also be a... Read more..

By THE NEW YORK TIMES - The New York Times

Wireless Providers Poised to Win Spectrum Licenses

The U.S.’s biggest cellular providers look ready to expand their reach, reducing the chance that a new entrant might bring down prices. Read more..

By KEN BELSON and MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20,9621,4820,8921,4135.1M
Oracle Corp.ORCL15,4215,6515,3615,5428.1M
General ElectricGE33,7034,0033,7033,9313.3M
Wal-Mart StoresWMT44,2044,6544,1644,4311.2M
Home DepotHD33,5034,1633,5033,6911.1M
HP Inc.HPQ34,9335,5034,8035,289.84M
AT&T Inc.T30,6731,0330,5430,979.58M
Verizon CommunicationsVZ34,5935,0034,5834,958.63M
Abbott LaboratoriesABT48,9949,4348,8448,967.71M
JPMorgan ChaseJPM45,4046,0445,3146,027.32M
Procter & GamblePG60,4261,2260,2260,986.25M
Johnson & JohnsonJNJ64,7964,8764,5564,585.98M
Bristol-Myers SquibbBMY21,7421,9521,7021,725.82M
International Business MachinesIBM79,9180,4779,7680,325.26M
Walt Disney & Co.DIS28,9329,4528,9229,375.19M
Wells Fargo & Co.WFC35,0035,2234,8935,124.22M
UnitedHealth GroupUNH50,5451,7550,4751,334.09M
Gilead SciencesGILD63,2764,6863,0064,472.59M
United TechnologiesUTX60,4361,8060,3861,532.58M
Union PacificUNP81,1081,4280,5080,661.12M
Berkshire HathawayBRK.B3202,003215,003171,503196,5014.1K
Exchange Rates of August 28th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,210 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,111 CAD1 CAD = 0,900 USD
US DollarSwiss Franc1 USD = 1,236 CHF1 CHF = 0,809 USD
US DollarChinese Yuan1 USD = 7,969 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 149,850 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,675 GBP1 GBP = 1,481 EUR
EuroAustralian Dollar1 EUR = 1,684 AUD1 AUD = 0,594 EUR
EuroCanadian Dollar1 EUR = 1,420 CAD1 CAD = 0,704 EUR
EuroSwiss Franc1 EUR = 1,580 CHF1 CHF = 0,633 EUR
Japanese YenPound Sterling1 JPY = 0,450 GBP1 GBP = 2,221 JPY
Japanese YenAustralian Dollar1 JPY = 1,123 AUD1 AUD = 0,890 JPY
Japanese YenCanadian Dollar1 JPY = 0,948 CAD1 CAD = 1,055 JPY
Japanese YenSwiss Franc1 JPY = 1,054 CHF1 CHF = 0,948 JPY
Pound SterlingAustralian Dollar1 GBP = 2,495 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,104 CAD1 CAD = 0,475 GBP
Pound SterlingSwiss Franc1 GBP = 2,341 CHF1 CHF = 0,427 GBP
Australian DollarCanadian Dollar1 AUD = 0,843 CAD1 CAD = 1,186 AUD
Australian DollarSwiss Franc1 AUD = 0,938 CHF1 CHF = 1,066 AUD
Canadian DollarSwiss Franc1 CAD = 1,112 CHF1 CHF = 0,899 CAD

See what else happened on August 28th, 2006