Financial news on August 28, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19.06 19.45 19.02 19.38 68.4M
Cisco Systems CSCO 20.96 21.48 20.89 21.41 35.1M
Microsoft MSFT 25.84 26.00 25.69 25.95 34.2M
Pfizer PFE 27.15 27.75 27.10 27.54 28.4M
Oracle Corp. ORCL 15.42 15.65 15.36 15.54 28.1M
Apple AAPL 68.50 68.61 66.68 66.98 26.4M
ExxonMobil XOM 70.05 70.20 69.75 70.10 18.1M
General Electric GE 33.70 34.00 33.70 33.93 13.3M
Wal-Mart Stores WMT 44.20 44.65 44.16 44.43 11.2M
Home Depot HD 33.50 34.16 33.50 33.69 11.1M
HP Inc. HPQ 34.93 35.50 34.80 35.28 9.84M
AT&T Inc. T 30.67 31.03 30.54 30.97 9.58M
Altria MO 84.45 85.00 84.00 84.05 8.94M
Merck MRK 40.25 41.22 40.21 40.95 8.88M
Verizon Communications VZ 34.59 35.00 34.58 34.95 8.63M
Alphabet GOOGL 375.61 380.95 375.00 380.95 8.32M
Comcast CMCSA 35.36 35.68 35.31 35.47 7.76M
Abbott Laboratories ABT 48.99 49.43 48.84 48.96 7.71M
JPMorgan Chase JPM 45.40 46.04 45.31 46.02 7.32M
ConocoPhillips COP 65.75 66.27 65.57 65.70 6.43M
Procter & Gamble PG 60.42 61.22 60.22 60.98 6.25M
Amazon AMZN 28.40 29.00 28.27 28.91 6.07M
Johnson & Johnson JNJ 64.79 64.87 64.55 64.58 5.98M
Bristol-Myers Squibb BMY 21.74 21.95 21.70 21.72 5.82M
Chevron CVX 66.31 66.50 65.86 66.16 5.45M
Amgen AMGN 67.69 68.78 67.51 68.26 5.35M
International Business Machines IBM 79.91 80.47 79.76 80.32 5.26M
Walt Disney & Co. DIS 28.93 29.45 28.92 29.37 5.19M
Boeing BA 73.43 75.02 73.05 74.72 4.74M
Pepsico PEP 63.87 65.07 63.87 65.00 4.66M
Coca-Cola KO 44.52 44.98 44.35 44.71 4.46M
Schlumberger SLB 64.12 64.13 62.60 62.70 4.36M
Wells Fargo & Co. WFC 35.00 35.22 34.89 35.12 4.22M
UnitedHealth Group UNH 50.54 51.75 50.47 51.33 4.09M
McDonald's MCD 35.15 35.93 35.14 35.81 3.71M
3M MMM 69.75 71.29 69.75 70.94 2.66M
Gilead Sciences GILD 63.27 64.68 63.00 64.47 2.59M
United Technologies UTX 60.43 61.80 60.38 61.53 2.58M
Union Pacific UNP 81.10 81.42 80.50 80.66 1.12M
Berkshire Hathaway BRK.B 3202.00 3215.00 3171.50 3196.50 14.1K
Exchange Rates of August 28, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117.210 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.111 CAD 1 CAD = 0.900 USD
US Dollar Swiss Franc 1 USD = 1.236 CHF 1 CHF = 0.809 USD
US Dollar Chinese Yuan 1 USD = 7.969 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 149.850 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.675 GBP 1 GBP = 1.481 EUR
Euro Australian Dollar 1 EUR = 1.684 AUD 1 AUD = 0.594 EUR
Euro Canadian Dollar 1 EUR = 1.420 CAD 1 CAD = 0.704 EUR
Euro Swiss Franc 1 EUR = 1.580 CHF 1 CHF = 0.633 EUR
Japanese Yen Pound Sterling 1 JPY = 0.450 GBP 1 GBP = 2.221 JPY
Japanese Yen Australian Dollar 1 JPY = 1.123 AUD 1 AUD = 0.890 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.948 CAD 1 CAD = 1.055 JPY
Japanese Yen Swiss Franc 1 JPY = 1.054 CHF 1 CHF = 0.948 JPY
Pound Sterling Australian Dollar 1 GBP = 2.495 AUD 1 AUD = 0.401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.104 CAD 1 CAD = 0.475 GBP
Pound Sterling Swiss Franc 1 GBP = 2.341 CHF 1 CHF = 0.427 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.843 CAD 1 CAD = 1.186 AUD
Australian Dollar Swiss Franc 1 AUD = 0.938 CHF 1 CHF = 1.066 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.112 CHF 1 CHF = 0.899 CAD

See what else happened on August 28, 2006