Financial news on November 28, 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..

By CHRISTOPHER ELLIOTT - The New York Times

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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 25.62 27.13 25.59 27.03 109M
Intel INTC 20.91 21.13 20.76 20.98 53.9M
Microsoft MSFT 29.34 29.42 29.13 29.39 52.6M
Oracle Corp. ORCL 18.78 19.03 18.72 18.90 38.2M
Apple AAPL 90.36 91.97 89.91 91.81 37M
Pfizer PFE 27.00 27.08 26.82 27.05 31.5M
General Electric GE 35.30 35.36 35.05 35.20 25M
AT&T Inc. T 32.60 33.01 32.51 32.82 22.9M
ExxonMobil XOM 72.65 74.25 72.65 74.16 19.4M
Alphabet GOOGL 481.13 489.86 477.03 489.50 15.6M
Verizon Communications VZ 34.05 34.55 34.00 34.40 15.1M
JPMorgan Chase JPM 46.46 46.59 45.78 46.20 13.4M
Wal-Mart Stores WMT 46.61 46.89 46.48 46.71 13.4M
ConocoPhillips COP 64.45 65.58 64.36 64.91 12.8M
HP Inc. HPQ 38.47 38.96 38.37 38.87 12.4M
Home Depot HD 37.31 37.45 36.99 37.07 11.9M
Merck MRK 43.72 43.89 43.37 43.67 10.7M
Walt Disney & Co. DIS 32.46 32.98 32.43 32.89 10.6M
Abbott Laboratories ABT 46.38 46.80 46.24 46.40 10.3M
UnitedHealth Group UNH 46.25 48.00 46.25 47.34 9.76M
Wells Fargo & Co. WFC 35.11 35.15 34.90 35.11 9.39M
Johnson & Johnson JNJ 65.55 66.08 65.52 65.97 8.08M
Comcast CMCSA 39.27 40.13 39.16 39.91 8.07M
Chevron CVX 68.89 70.07 68.85 69.88 7.68M
Coca-Cola KO 46.37 46.95 46.35 46.37 7.27M
Amgen AMGN 71.60 72.31 71.44 71.76 7.22M
Schlumberger SLB 64.99 66.21 64.90 65.67 7.2M
Procter & Gamble PG 62.70 63.36 62.29 63.07 7.15M
Amazon AMZN 40.75 41.07 40.30 40.92 7.1M
McDonald's MCD 41.00 41.47 40.79 41.40 6.66M
Pepsico PEP 61.35 61.92 61.21 61.82 5.87M
Altria MO 83.80 83.99 83.30 83.65 5.81M
International Business Machines IBM 91.05 91.57 90.43 91.35 4.96M
Boeing BA 88.15 88.74 87.05 87.94 4.95M
Bristol-Myers Squibb BMY 24.60 24.73 24.53 24.63 4.85M
Gilead Sciences GILD 65.20 66.28 64.91 66.13 3.54M
United Technologies UTX 64.65 64.74 64.16 64.53 3.48M
Union Pacific UNP 90.60 90.69 89.01 89.54 2.4M
3M MMM 79.90 80.70 79.75 80.41 2.15M
Berkshire Hathaway BRK.B 3553.50 3553.50 3511.50 3532.00 18.8K
Exchange Rates of November 28, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.160 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.130 CAD 1 CAD = 0.885 USD
US Dollar Swiss Franc 1 USD = 1.203 CHF 1 CHF = 0.831 USD
US Dollar Chinese Yuan 1 USD = 7.845 CNY 1 CNY = 0.127 USD
Euro Japanese Yen 1 EUR = 153.310 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.676 GBP 1 GBP = 1.479 EUR
Euro Australian Dollar 1 EUR = 1.684 AUD 1 AUD = 0.594 EUR
Euro Canadian Dollar 1 EUR = 1.491 CAD 1 CAD = 0.671 EUR
Euro Swiss Franc 1 EUR = 1.588 CHF 1 CHF = 0.630 EUR
Japanese Yen Pound Sterling 1 JPY = 0.441 GBP 1 GBP = 2.269 JPY
Japanese Yen Australian Dollar 1 JPY = 1.098 AUD 1 AUD = 0.911 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.973 CAD 1 CAD = 1.028 JPY
Japanese Yen Swiss Franc 1 JPY = 1.035 CHF 1 CHF = 0.966 JPY
Pound Sterling Australian Dollar 1 GBP = 2.490 AUD 1 AUD = 0.402 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.206 CAD 1 CAD = 0.453 GBP
Pound Sterling Swiss Franc 1 GBP = 2.348 CHF 1 CHF = 0.426 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.885 CAD 1 CAD = 1.130 AUD
Australian Dollar Swiss Franc 1 AUD = 0.942 CHF 1 CHF = 1.061 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.064 CHF 1 CHF = 0.940 CAD

See what else happened on November 28, 2006