Financial news on November 29, 2006

Business and Financial news
2nd-Biggest Spanish Power Concern to Buy ScottishPower

Iberdrola agreed to buy ScottishPower for $22.5 billion in a move that would create one of Europe’s largest utilities. Read more..

By RENWICK McLEAN and HEATHER TIMMONS - The New York Times

2nd Group May Make Bid for Biggest Casino Company

A second buyout group is considering an offer for Harrah’s Entertainment, the largest casino operator in the world. Read more..

By ANDREW ROSS SORKIN and VIKAS BAJAJ - The New York Times

A Career Change Shows the New Importance of Data Collection

One of the most familiar media agency executives is making a career change that underlines the growing importance to Madison Avenue of analyzing consumer behavior. Read more..

By STUART ELLIOTT - The New York Times

An Alliance in Russian Energy

The agreement mends a rift between the two Russian state energy companies that had been slowing investment in the development of new fields. Read more..

By ANDREW E. KRAMER - The New York Times

Charges of Bribery in a Chinese Bank Deal

An American company is accused of secretly funneling money to powerful Chinese government officials to ensure a lucrative banking contract. Read more..

By DAVID BARBOZA - The New York Times

Publishers in Merger Talks

The Riverdeep Group was close to a deal to acquire the textbook publisher Houghton Mifflin for about $3.5 billion, including debt. Read more..

By ANDREW ROSS SORKIN - The New York Times

Supreme Court Weighs the Meaning of ‘Obvious’

While the meaning of the term “obvious” might appear to be obvious, a lively Supreme Court argument on Tuesday demonstrated that it is anything but. Read more..

By LINDA GREENHOUSE - The New York Times

Upgrade the Lobby, Attract New Tenants

Owners are paying special attention to the “curb appeal” of well-designed lobbies to attract premium tenants. Read more..

By LISA CHAMBERLAIN - The New York Times

Vornado Buys Manhattan Mall

The $689 million transaction will give Vornado its ninth property in the Pennsylvania Station area at a time when retail rents are rising. Read more..

By BLOOMBERG NEWS - The New York Times

Wal-Mart Plans to Test Online Films

All the major studios are said to be either on board or in active talks with the retailer, which will begin testing a video download service on its Web site. Read more..

By BRAD STONE - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.05 27.30 26.90 27.08 68.1M
Microsoft MSFT 29.44 29.78 29.43 29.57 58.8M
Intel INTC 21.21 21.45 21.10 21.24 55.2M
Pfizer PFE 27.29 27.46 26.90 27.07 42.7M
Apple AAPL 93.00 93.15 90.25 91.80 41.3M
AT&T Inc. T 33.18 33.97 33.09 33.50 35.4M
ExxonMobil XOM 74.30 76.44 74.17 76.03 24.9M
Oracle Corp. ORCL 19.04 19.34 18.91 19.15 23.1M
General Electric GE 35.25 35.44 35.19 35.35 18.2M
ConocoPhillips COP 65.27 67.11 65.22 66.45 16.9M
Verizon Communications VZ 34.85 35.14 34.71 34.89 13.6M
Wal-Mart Stores WMT 46.89 47.33 46.63 46.89 12.7M
Alphabet GOOGL 494.24 494.74 482.25 484.65 12.6M
Schlumberger SLB 65.67 68.21 65.60 68.03 12.3M
Home Depot HD 37.19 37.74 37.06 37.62 12M
HP Inc. HPQ 39.15 39.45 39.05 39.39 11.5M
Chevron CVX 70.03 72.00 69.91 71.05 10.2M
Merck MRK 43.97 44.69 43.97 44.56 9.71M
Altria MO 83.48 84.35 83.32 84.33 9.69M
Walt Disney & Co. DIS 32.94 33.00 32.78 32.88 9.58M
JPMorgan Chase JPM 46.21 46.87 46.21 46.67 9.41M
UnitedHealth Group UNH 47.46 47.61 46.94 47.56 8.22M
Comcast CMCSA 39.83 40.44 39.52 40.27 8.05M
Amazon AMZN 40.48 41.10 40.00 40.63 7.85M
Coca-Cola KO 46.60 46.81 46.36 46.64 7.54M
Abbott Laboratories ABT 46.60 46.91 46.55 46.77 7.25M
McDonald's MCD 41.55 41.94 41.47 41.85 7.24M
Johnson & Johnson JNJ 65.90 66.32 65.73 66.20 6.78M
Wells Fargo & Co. WFC 35.16 35.50 35.15 35.46 5.94M
Amgen AMGN 71.90 72.52 71.73 72.42 5.79M
Procter & Gamble PG 62.95 63.24 62.59 63.21 5.77M
International Business Machines IBM 91.35 91.66 91.01 91.52 4.62M
Bristol-Myers Squibb BMY 24.70 24.85 24.61 24.79 4.53M
Boeing BA 88.08 89.45 87.93 88.89 4.43M
Pepsico PEP 61.82 62.52 61.65 62.47 4.11M
United Technologies UTX 64.53 65.09 64.33 64.74 3.34M
Gilead Sciences GILD 65.96 66.78 65.62 66.75 3.18M
3M MMM 80.60 81.20 80.52 80.98 1.78M
Union Pacific UNP 89.86 90.23 89.58 90.03 1.42M
Berkshire Hathaway BRK.B 3526.00 3538.00 3507.00 3519.00 18.1K
Exchange Rates of November 29, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.390 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.138 CAD 1 CAD = 0.879 USD
US Dollar Swiss Franc 1 USD = 1.210 CHF 1 CHF = 0.827 USD
US Dollar Chinese Yuan 1 USD = 7.837 CNY 1 CNY = 0.128 USD
Euro Japanese Yen 1 EUR = 153.090 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.676 GBP 1 GBP = 1.480 EUR
Euro Australian Dollar 1 EUR = 1.679 AUD 1 AUD = 0.596 EUR
Euro Canadian Dollar 1 EUR = 1.497 CAD 1 CAD = 0.668 EUR
Euro Swiss Franc 1 EUR = 1.591 CHF 1 CHF = 0.628 EUR
Japanese Yen Pound Sterling 1 JPY = 0.441 GBP 1 GBP = 2.267 JPY
Japanese Yen Australian Dollar 1 JPY = 1.096 AUD 1 AUD = 0.912 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.977 CAD 1 CAD = 1.023 JPY
Japanese Yen Swiss Franc 1 JPY = 1.039 CHF 1 CHF = 0.962 JPY
Pound Sterling Australian Dollar 1 GBP = 2.485 AUD 1 AUD = 0.402 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.215 CAD 1 CAD = 0.451 GBP
Pound Sterling Swiss Franc 1 GBP = 2.354 CHF 1 CHF = 0.425 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.891 CAD 1 CAD = 1.123 AUD
Australian Dollar Swiss Franc 1 AUD = 0.947 CHF 1 CHF = 1.056 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.063 CHF 1 CHF = 0.941 CAD

See what else happened on November 29, 2006