Financial news on November 28th, 2006

Business and Financial news
’04 Income in U.S. Was Below 2000 Level

The income Americans reported to the tax collector in 2004 totaled $7.044 trillion, down from more than $7.143 trillion in 2000. Read more..

By DAVID CAY JOHNSTON - The New York Times

Banker to Leave Goldman Sachs

Scott B. Kapnick, a co-head of investment banking, will leave the firm after 21 years. Read more..

By BLOOMBERG NEWS - The New York Times

Britain: Software Publisher Makes Acquisition

The Atex Group, a British maker of publishing software, agreed to buy the Unisys Corporation’s media unit, another publisher of software, for undisclosed terms. Atex, based in Reading, England, raised more than $50 million for the purchase and for... Read more..

By BLOOMBERG NEWS - The New York Times

Ford Pledges Major Assets in Financing

Ford mortgaged nearly all its domestic assets to raise $18 billion to pay for several more years of restructuring. Read more..

By NICK BUNKLEY - The New York Times

Free or Farmed, When Is a Fish Really Organic?

Wild fish, whose living conditions are not controlled, are not likely to meet the requirements for an “organic” label. Read more..

By ANDREW MARTIN - The New York Times

Japan: Sanyo Falls on Disappointing Forecast

Shares of the Sanyo Electric Company, the Japanese electronics maker, fell 6 percent after the company forecast a third annual loss on slumping sales of mobile phones and digital cameras and because of increased costs for laying off 2 percent of i... Read more..

By BLOOMBERG NEWS - The New York Times

Old-School Sponsorship From a Digital-Era Company

Madison Avenue is playing matchmaker, bringing together an advertiser and a network for an elaborate sponsorship deal. Read more..

By STUART ELLIOTT - The New York Times

Stocks Drop Steeply After a Bull Run

Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season. Read more..

By JEREMY W. PETERS - The New York Times

The Socket Seekers

A convergence of factors has added to the deficit of electrical outlets in airports, which are now rushing to add new ones. Read more..


Where the Appetite for Aircraft Is Big

Asian countries are clamoring for planes to meet surging air travel demands, giving Boeing an edge in the region. Read more..

By WAYNE ARNOLD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO25.6227.1325.5927.03109M
Oracle Corp.ORCL18.7819.0318.7218.9038.2M
General ElectricGE35.3035.3635.0535.2025M
AT&T Inc.T32.6033.0132.5132.8222.9M
Verizon CommunicationsVZ34.0534.5534.0034.4015.1M
JPMorgan ChaseJPM46.4646.5945.7846.2013.4M
Wal-Mart StoresWMT46.6146.8946.4846.7113.4M
HP Inc.HPQ38.4738.9638.3738.8712.4M
Home DepotHD37.3137.4536.9937.0711.9M
Walt Disney & Co.DIS32.4632.9832.4332.8910.6M
Abbott LaboratoriesABT46.3846.8046.2446.4010.3M
UnitedHealth GroupUNH46.2548.0046.2547.349.76M
Wells Fargo & Co.WFC35.1135.1534.9035.119.39M
Johnson & JohnsonJNJ65.5566.0865.5265.978.08M
Procter & GamblePG62.7063.3662.2963.077.15M
International Business MachinesIBM91.0591.5790.4391.354.96M
Bristol-Myers SquibbBMY24.6024.7324.5324.634.85M
Gilead SciencesGILD65.2066.2864.9166.133.54M
United TechnologiesUTX64.6564.7464.1664.533.48M
Union PacificUNP90.6090.6989.0189.542.4M
Berkshire HathawayBRK.B3553.503553.503511.503532.0018.8K
Exchange Rates of November 28th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.160 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.130 CAD1 CAD = 0.885 USD
US DollarSwiss Franc1 USD = 1.203 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 7.845 CNY1 CNY = 0.127 USD
EuroJapanese Yen1 EUR = 153.310 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.479 EUR
EuroAustralian Dollar1 EUR = 1.684 AUD1 AUD = 0.594 EUR
EuroCanadian Dollar1 EUR = 1.491 CAD1 CAD = 0.671 EUR
EuroSwiss Franc1 EUR = 1.588 CHF1 CHF = 0.630 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.269 JPY
Japanese YenAustralian Dollar1 JPY = 1.098 AUD1 AUD = 0.911 JPY
Japanese YenCanadian Dollar1 JPY = 0.973 CAD1 CAD = 1.028 JPY
Japanese YenSwiss Franc1 JPY = 1.035 CHF1 CHF = 0.966 JPY
Pound SterlingAustralian Dollar1 GBP = 2.490 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.206 CAD1 CAD = 0.453 GBP
Pound SterlingSwiss Franc1 GBP = 2.348 CHF1 CHF = 0.426 GBP
Australian DollarCanadian Dollar1 AUD = 0.885 CAD1 CAD = 1.130 AUD
Australian DollarSwiss Franc1 AUD = 0.942 CHF1 CHF = 1.061 AUD
Canadian DollarSwiss Franc1 CAD = 1.064 CHF1 CHF = 0.940 CAD

See what else happened on November 28th, 2006