Financial news on August 29, 2006

Business and Financial news
A Fortunate Box of Treats to Soothe the Grounded Beasts

There comes a time when suddenly it’s obvious to all the passengers on the plane that they’re missing more than just a meal. Read more..

By ROSS KLEIN - The New York Times

Big Battle in Small-Jet Skies

Two new air taxi services, Magnum Jet and DayJet, and two models of planes, from Adam Aircraft and Eclipse Aviation, are set to compete. Read more..

By JOE SHARKEY - The New York Times

BMW’s Custom-Made University

BMW’s $10 million gift to Clemson University in 2002 has led to some unusual privileges for the German automaker. Read more..

By LYNNLEY BROWNING - The New York Times

Brown-Forman Will Acquire Tequila Maker

The deal gives Brown-Forman, known for its Jack Daniel’s and Southern Comfort liquor, two brands, Herradura and El Jimador. Read more..

By ELISABETH MALKIN - The New York Times

Cruise Gets First Funds for Projects

Tom Cruise’s independent production company announced that it had lined up financing from a wealthy sports entrepreneur. Read more..


Kinder Morgan Agrees to an Improved Buyout Offer Led by Its Chairman

The buyers, who plan to take the pipeline operator private, agreed to increase their cash offer to $107.50 a share, from an offer of $100 a share made in May. Read more..

By JAD MOUAWAD - The New York Times

Mining Boom Stirs Wave of Mergers and Talk of a Slump

The merger activity involving companies that pull metals from the earth has the mark of a new-economy fervor. Read more..

By IAN AUSTEN - The New York Times

Prudential to Pay Fine in Trading

The $600 million settlement could end a three-year investigation into improper trading in the mutual fund industry. Read more..

By LANDON THOMAS Jr - The New York Times

Times Withholds Web Article in Britain

The New York Times adapted targeted advertising technology to keep an article about the British terror case out of Britain. Read more..

By TOM ZELLER Jr - The New York Times

Unilever to Sell Unit in Europe to Equity Firm

Unilever agreed to sell most of its European frozen foods unit to Permira Funds as it moves to focus on more profitable brands. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21.3421.6921.1921.6843.6M
Oracle Corp.ORCL15.5315.6415.4015.5228.3M
General ElectricGE33.9034.2433.9034.1918.4M
Home DepotHD33.8234.2033.6134.0910.1M
Wal-Mart StoresWMT44.6544.6544.0644.499.86M
Verizon CommunicationsVZ34.9535.2634.7835.189.3M
AT&T Inc.T30.9431.3030.8631.279.2M
Abbott LaboratoriesABT48.8049.1548.5948.969.13M
Walt Disney & Co.DIS29.4029.5329.0029.119.1M
JPMorgan ChaseJPM45.8846.0245.4245.978.05M
HP Inc.HPQ35.3335.8235.2535.767.71M
Wells Fargo & Co.WFC35.1335.1334.6234.856.45M
Bristol-Myers SquibbBMY21.7821.9521.7021.936.19M
Johnson & JohnsonJNJ64.5064.6564.3064.605.31M
International Business MachinesIBM80.0681.4880.0681.405.21M
Procter & GamblePG61.0061.3960.7661.204.94M
UnitedHealth GroupUNH50.7551.5950.6051.033.94M
United TechnologiesUTX61.3062.4260.9762.173.4M
Gilead SciencesGILD64.1264.6563.2164.042.83M
Union PacificUNP80.5080.7079.5580.091.53M
Berkshire HathawayBRK.B3188.003206.003187.003204.508.9K
Exchange Rates of August 29, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.640 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.108 CAD1 CAD = 0.903 USD
US DollarSwiss Franc1 USD = 1.229 CHF1 CHF = 0.814 USD
US DollarChinese Yuan1 USD = 7.962 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 149.630 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.675 GBP1 GBP = 1.481 EUR
EuroAustralian Dollar1 EUR = 1.678 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.421 CAD1 CAD = 0.704 EUR
EuroSwiss Franc1 EUR = 1.576 CHF1 CHF = 0.634 EUR
Japanese YenPound Sterling1 JPY = 0.451 GBP1 GBP = 2.217 JPY
Japanese YenAustralian Dollar1 JPY = 1.121 AUD1 AUD = 0.892 JPY
Japanese YenCanadian Dollar1 JPY = 0.949 CAD1 CAD = 1.053 JPY
Japanese YenSwiss Franc1 JPY = 1.053 CHF1 CHF = 0.949 JPY
Pound SterlingAustralian Dollar1 GBP = 2.485 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.104 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.333 CHF1 CHF = 0.429 GBP
Australian DollarCanadian Dollar1 AUD = 0.846 CAD1 CAD = 1.182 AUD
Australian DollarSwiss Franc1 AUD = 0.939 CHF1 CHF = 1.065 AUD
Canadian DollarSwiss Franc1 CAD = 1.109 CHF1 CHF = 0.902 CAD

See what else happened on August 29, 2006