Financial news on August 2nd, 2006

Business and Financial news
A New Page in the Script for Paulson

Treasury Secretary Henry M. Paulson Jr. said Tuesday that he recognized the economy was not benefiting all Americans. Read more..

By STEVEN R. WEISMAN - The New York Times

Court Upholds Case Dismissal in Ford Harassment Lawsuit

The decision to dismiss the suit was upheld on the grounds that the plaintiff and her lawyers discussed evidence with reporters that the court had deemed inadmissible. Read more..

By JULIE CRESWELL - The New York Times

Going Beyond the Simple Food Court

Over the last five years, restaurants have taken on a new prominence at a growing number of shopping centers. Read more..

By SANA SIWOLOP - The New York Times

Kohlberg and Private Partner Seen as Close to Deal for Chip Maker

It was unclear when the roughly $10.2 billion deal for the semiconductor unit of Philips Electronics could be finalized and announced. Read more..

By ANDREW ROSS SORKIN and ALEX BERENSON - The New York Times

Postal Service Finds a Friend in the Internet

Sites like Amazon.com and eBay are bolstering the number of packages shipped via the Postal Service. Read more..

By KATIE HAFNER - The New York Times

Retail Chains Scramble to Enter Indian Market

The world’s largest retail chains, including Wal-Mart Stores, Carrefour and Tesco, are seeking the best way to enter India. Read more..

By SARITHA RAI - The New York Times

Senate Critic Now Praises Boeing Chief

Senator John McCain praised “the integrity of the new management team” and W. James McNerney Jr.’s leadership. Read more..

By LESLIE WAYNE - The New York Times

Toyota’s U.S. Sales Edge Past Ford’s

American buyers are again flocking to Japanese companies in the wake of high gasoline prices. Read more..

By MICHELINE MAYNARD and FARA WARNER - The New York Times

Wal-Mart Finds That Its Formula Doesn’t Fit Every Culture

Given Wal-Mart’s formidable record at home, the company’s recent setbacks have exposed a rare vulnerability overseas. Read more..

By MARK LANDLER and MICHAEL BARBARO - The New York Times

Yukos Ordered to Liquidate After Bankruptcy Decision

A three-judge panel assigned Yukos assets to a court-appointed manager who has a year to auction them off to pay creditors. Read more..

By ANDREW E. KRAMER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
PfizerPFE26,2126,4625,3225,6160.9M
Cisco SystemsCSCO17,5717,6917,2817,4857.8M
MicrosoftMSFT24,1224,4024,0324,3046.5M
IntelINTC17,6617,7917,5617,5941.7M
Oracle Corp.ORCL14,7014,9414,5514,8133.4M
ExxonMobilXOM68,3669,2368,1268,4825.4M
AppleAAPL67,6568,6867,5168,1619.7M
Procter & GamblePG57,9858,9057,4758,2917.7M
AT&T Inc.T30,0030,5929,9330,5817.7M
General ElectricGE32,6032,8132,4232,6016.6M
ComcastCMCSA34,3734,9334,2534,8415.7M
AlphabetGOOGL375,60377,17365,20367,2314.2M
ConocoPhillipsCOP69,4070,7568,9169,0313.9M
HP Inc.HPQ31,5732,7431,5532,5013.2M
Home DepotHD34,1534,3433,8134,1112.5M
JPMorgan ChaseJPM45,9045,9145,2045,4911.1M
MerckMRK40,8041,0940,6741,0310.2M
SchlumbergerSLB67,4468,5566,0667,2910.1M
ChevronCVX66,5067,0865,7865,9710M
Abbott LaboratoriesABT47,3047,4846,9147,159.57M
Verizon CommunicationsVZ33,5233,5733,0733,539.46M
AmgenAMGN70,1071,3069,7870,779.05M
Walt Disney & Co.DIS29,3329,9229,3129,808.59M
Wal-Mart StoresWMT44,3044,4344,0044,377.99M
AmazonAMZN26,1526,3025,8926,097.81M
UnitedHealth GroupUNH48,7249,6048,4448,577.8M
Johnson & JohnsonJNJ63,1063,2062,8863,157.41M
Bristol-Myers SquibbBMY23,8523,8723,5623,697.33M
AltriaMO79,7880,2979,7580,006.28M
McDonald'sMCD35,5035,7034,9835,595.35M
Wells Fargo & Co.WFC72,1172,6771,6772,404.89M
3MMMM69,9170,0969,5569,614.84M
Coca-ColaKO44,2944,4944,1944,314.56M
PepsicoPEP62,9563,2462,3763,204.25M
BoeingBA78,7079,6578,4078,623.78M
International Business MachinesIBM76,2176,9376,2076,323.28M
Gilead SciencesGILD60,7562,1060,7561,603.19M
United TechnologiesUTX62,0962,5261,7562,292.48M
Union PacificUNP83,4584,9583,3184,761.09M
Berkshire HathawayBRK.B3045,503060,003033,003041,0010.6K
Exchange Rates of August 2nd, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114,660 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,126 CAD1 CAD = 0,888 USD
US DollarSwiss Franc1 USD = 1,230 CHF1 CHF = 0,813 USD
US DollarChinese Yuan1 USD = 7,970 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 146,610 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,681 GBP1 GBP = 1,468 EUR
EuroAustralian Dollar1 EUR = 1,672 AUD1 AUD = 0,598 EUR
EuroCanadian Dollar1 EUR = 1,440 CAD1 CAD = 0,694 EUR
EuroSwiss Franc1 EUR = 1,573 CHF1 CHF = 0,636 EUR
Japanese YenPound Sterling1 JPY = 0,464 GBP1 GBP = 2,153 JPY
Japanese YenAustralian Dollar1 JPY = 1,141 AUD1 AUD = 0,876 JPY
Japanese YenCanadian Dollar1 JPY = 0,982 CAD1 CAD = 1,018 JPY
Japanese YenSwiss Franc1 JPY = 1,073 CHF1 CHF = 0,932 JPY
Pound SterlingAustralian Dollar1 GBP = 2,454 AUD1 AUD = 0,407 GBP
Pound SterlingCanadian Dollar1 GBP = 2,114 CAD1 CAD = 0,473 GBP
Pound SterlingSwiss Franc1 GBP = 2,309 CHF1 CHF = 0,433 GBP
Australian DollarCanadian Dollar1 AUD = 0,861 CAD1 CAD = 1,162 AUD
Australian DollarSwiss Franc1 AUD = 0,940 CHF1 CHF = 1,064 AUD
Canadian DollarSwiss Franc1 CAD = 1,092 CHF1 CHF = 0,916 CAD

See what else happened on August 2nd, 2006