Financial news on August 31, 2006

Business and Financial news
Alcatel Battles Criticism of Its Lucent Deal

Alcatel disputed criticism about its planned takeover of Lucent and insisted that the deal would be good for shareholders. Read more..

By JAMES KANTER - The New York Times

Clorox Names Coke Official to Be Chief

The president of Coke’s North American unit, Donald R. Knauss, resigned to become chairman and chief executive of Clorox. Read more..

By ALEX BERENSON - The New York Times

Fill Up on Corn if You Can

Even in the Midwest where ethanol is most popular, its success as an alternative fuel is far from assured. Read more..

By ALEXEI BARRIONUEVO - The New York Times

Films That Come Over the Net Don’t Come Easy

While the idea of downloading movies from the Internet to your computer sounds simple, carrying it out is anything but. Read more..

By JOHN R. QUAIN - The New York Times

Fully Loaded PC, but Small Enough to Slip Between Books on a Shelf

Shuttle’s latest PC is so small it could fit into a cereal box. Read more..

By JOHN BIGGS - The New York Times

Genzyme to Make Offer for AnorMed

In a rare hostile bid, Genzyme said it would make an offer for AnorMed, a Canadian company that had spurned previous acquisition approaches. Read more..

By ANDREW POLLACK - The New York Times

G.M. Drops ‘Survivor’ but Says Racial Format Isn’t the Reason

General Motors, which accounts for roughly one-fifth of the advertising on “Survivor,” said its decision was unrelated to the show’s race-based format. Read more..

By EDWARD WYATT and STUART ELLIOTT - The New York Times

Judge Rules Damage Award in Vioxx Case Is Excessive

A federal judge said that a $51 million damage award over Merck’s Vioxx painkiller was “grossly excessive.” Read more..

By BLOOMBERG NEWS - The New York Times

No Quarters for the Meter? No Problem

Parcxmart Technologies has developed a smart card for parking that would send coin-operated parking meters the way of pay phones. Read more..

By ELLEN ROSEN - The New York Times

When the Rich-Poor Gap Widens, ‘Gatsby’ Becomes a Guidebook

With income and wealth disparities rising sharply, F. Scott Fitzgerald’s tale of wealthy Americans has experienced a resurgence of interest. Read more..

By ROBERT H. FRANK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21.6522.1521.6521.9985.4M
IntelINTC19.8219.8419.5319.5746.2M
Oracle Corp.ORCL15.6815.7515.5015.6627.5M
MicrosoftMSFT25.8725.9825.6825.7026.4M
PfizerPFE27.7327.8327.5127.5623M
AppleAAPL67.2868.3066.6667.8520.5M
ExxonMobilXOM68.0568.2667.6067.6719.2M
General ElectricGE34.3134.3234.0134.0618.5M
HP Inc.HPQ35.8036.7035.8036.5614.4M
Wells Fargo & Co.WFC34.8934.9034.6934.7511.1M
Home DepotHD34.1134.4533.9634.2910.6M
Abbott LaboratoriesABT48.3348.7548.1548.709.97M
AT&T Inc.T31.2831.3731.0631.139.48M
ConocoPhillipsCOP63.2563.7562.9163.439.42M
Wal-Mart StoresWMT44.9344.9844.5244.728.78M
Bristol-Myers SquibbBMY21.9922.0021.7421.757.16M
MerckMRK40.8140.9740.3540.556.92M
SchlumbergerSLB61.5062.7761.2361.306.86M
ChevronCVX65.1965.1964.3564.406.61M
Procter & GamblePG61.5762.0361.5561.906.51M
JPMorgan ChaseJPM45.7045.8745.5845.666.25M
AltriaMO84.5084.5283.5383.536.22M
AmazonAMZN30.7530.9930.4730.835.95M
AlphabetGOOGL381.49382.15378.20378.535.91M
Verizon CommunicationsVZ35.3635.4535.1735.185.76M
ComcastCMCSA35.0035.1934.8135.045.43M
Walt Disney & Co.DIS29.5029.7129.3129.655.31M
Johnson & JohnsonJNJ64.6664.7464.4264.664.61M
AmgenAMGN68.6368.7667.8668.034.52M
UnitedHealth GroupUNH51.7552.0351.2551.954.33M
International Business MachinesIBM81.3081.5080.7880.973.79M
Coca-ColaKO45.1245.1444.8044.813.65M
BoeingBA74.7575.5874.7574.903.06M
United TechnologiesUTX62.1662.9762.0162.712.79M
McDonald'sMCD36.1636.1935.7735.902.54M
PepsicoPEP65.4065.7365.2765.282.5M
Gilead SciencesGILD63.9163.9163.0363.402.44M
Union PacificUNP80.3680.6680.0380.352.28M
3MMMM71.8071.9771.4571.701.78M
Berkshire HathawayBRK.B3193.003206.003190.003203.5016.8K
Exchange Rates of August 31, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.380 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.104 CAD1 CAD = 0.906 USD
US DollarSwiss Franc1 USD = 1.231 CHF1 CHF = 0.812 USD
US DollarChinese Yuan1 USD = 7.953 CNY1 CNY = 0.126 USD
EuroJapanese Yen1 EUR = 150.310 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.673 GBP1 GBP = 1.487 EUR
EuroAustralian Dollar1 EUR = 1.676 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.413 CAD1 CAD = 0.708 EUR
EuroSwiss Franc1 EUR = 1.577 CHF1 CHF = 0.634 EUR
Japanese YenPound Sterling1 JPY = 0.447 GBP1 GBP = 2.236 JPY
Japanese YenAustralian Dollar1 JPY = 1.115 AUD1 AUD = 0.897 JPY
Japanese YenCanadian Dollar1 JPY = 0.940 CAD1 CAD = 1.064 JPY
Japanese YenSwiss Franc1 JPY = 1.049 CHF1 CHF = 0.953 JPY
Pound SterlingAustralian Dollar1 GBP = 2.492 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.102 CAD1 CAD = 0.476 GBP
Pound SterlingSwiss Franc1 GBP = 2.344 CHF1 CHF = 0.427 GBP
Australian DollarCanadian Dollar1 AUD = 0.843 CAD1 CAD = 1.187 AUD
Australian DollarSwiss Franc1 AUD = 0.940 CHF1 CHF = 1.064 AUD
Canadian DollarSwiss Franc1 CAD = 1.115 CHF1 CHF = 0.897 CAD

See what else happened on August 31, 2006