Financial news on May 02, 2006

Business and Financial news
Another Patent Case Is Filed Against Maker of BlackBerry

A wireless e-mail software company partly owned by NTP has filed a patent infringement lawsuit against Research In Motion seeking a shutdown of its popular BlackBerry service. Read more..

By IAN AUSTEN - The New York Times

Greenhill Plans a Secondary Share Offering

Greenhill, like other investment banks, has prospered amid the recent surge in mergers and takeovers. Read more..

By THE NEW YORK TIMES - The New York Times

In-Air Insomniac Takes the Cure With Trepidation

I CAN'T sleep on a plane. No matter how comfortable an airline seat is supposed to be, even on a lie-flat bed in first class, I never used to be able to rest. Read more..

By BILLY BUSH - The New York Times

Microsoft and Google Set to Wage Arms Race

The rivalry between the companies is growing more combative as the outcome is likely to shape the future of competition in computing and the way people use information technology. Read more..

By STEVE LOHR and SAUL HANSELL - The New York Times

Nowadays, It's All Yours, Mine or Ours

Madison Avenue has become obsessed with using the word "my" in advertising slogans, as well as in the names of brands, products and even a new television network. Read more..

By STUART ELLIOTT - The New York Times

Pensions in Peril Over Church Exemptions

Under a little-known aspect of pension law, churches can opt out of the costly rules that apply to secular employers. Read more..

By MARY WILLIAMS WALSH - The New York Times

Prosecutor Zeroes In on Ex-Enron Chief's Finances

Having $100 million in personal debt did not stop Kenneth L. Lay from spending $200,000 on a birthday cruise for his wife and holding onto some $30 million in real estate. Read more..

By ALEXEI BARRIONUEVO - The New York Times

Restaurant Associates to Go Private

Restaurant Associates, the owner of well-known restaurants like Brasserie in Manhattan and Patina of Los Angeles, is stepping out on its own. Read more..

By MELANIE WARNER - The New York Times

Self-Heating Latte Cans Bring Out Lawyers

An effort to sell self-heating latte under the Wolfgang Puck name is generating another kind of heat, in a dispute that seems headed for court. Read more..

By KIM SEVERSON and MELANIE WARNER - The New York Times

Taiwan Maker of Cellphones for Others Is Venturing Out on Its Own

BenQ formed an intercontinental venture with Siemens so it could sell its own branded phones beyond Taiwan and China, placing it in competition with some of its former clients. Read more..

By KEN BELSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT24.5025.0023.9024.01191M
IntelINTC19.6519.7219.5119.5952.9M
Cisco SystemsCSCO21.1321.7521.1121.3946.5M
Oracle Corp.ORCL14.5514.5814.3814.4329M
AppleAAPL70.1571.9870.1171.6227.6M
AlphabetGOOGL401.00402.49388.40394.8026.2M
PfizerPFE25.1125.3925.0125.1823M
ExxonMobilXOM63.8264.7763.8264.6719M
General ElectricGE34.4034.5934.1034.4816.4M
Gilead SciencesGILD58.1158.2053.7254.8015.5M
ComcastCMCSA30.1630.7429.9430.1615.1M
JPMorgan ChaseJPM45.0045.5144.9145.5013M
AT&T Inc.T26.2526.3426.1226.1611.6M
UnitedHealth GroupUNH49.6050.0048.4548.5811.6M
AmgenAMGN66.8067.1765.1465.9911.2M
Verizon CommunicationsVZ33.1033.2332.6432.6411.1M
ConocoPhillipsCOP68.5569.4068.0269.1810.4M
Wal-Mart StoresWMT46.1246.2645.9046.169.6M
Procter & GamblePG57.6658.3457.4358.118.49M
ChevronCVX61.8062.9561.3962.808.4M
Abbott LaboratoriesABT42.3142.7541.9642.158.37M
Home DepotHD40.9540.9540.1340.208.13M
SchlumbergerSLB71.9873.4671.1573.378.12M
Walt Disney & Co.DIS27.9928.0327.7827.896.9M
HP Inc.HPQ32.6532.7832.2232.326.59M
MerckMRK34.2434.5633.9934.486.22M
AmazonAMZN34.7534.9434.2334.385.86M
Bristol-Myers SquibbBMY25.1325.1324.7924.995.67M
Johnson & JohnsonJNJ58.7758.9658.6058.675.59M
Coca-ColaKO42.1042.3041.9942.245.28M
AltriaMO72.1573.0872.1072.904.94M
Wells Fargo & Co.WFC68.0768.3267.6767.894.83M
International Business MachinesIBM82.1182.7482.0082.424.34M
McDonald'sMCD34.4034.5334.2234.413.98M
3MMMM85.1585.3183.5884.503.81M
PepsicoPEP58.1358.1757.7557.953.27M
BoeingBA84.5485.8283.8685.333.01M
United TechnologiesUTX63.1563.5762.6063.562.57M
Union PacificUNP93.3494.1091.5794.082.48M
Berkshire HathawayBRK.B2983.502989.002960.002960.009.2K
Exchange Rates of May 02, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113.400 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.107 CAD1 CAD = 0.904 USD
US DollarSwiss Franc1 USD = 1.237 CHF1 CHF = 0.808 USD
EuroJapanese Yen1 EUR = 143.020 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.686 GBP1 GBP = 1.459 EUR
EuroAustralian Dollar1 EUR = 1.657 AUD1 AUD = 0.603 EUR
EuroCanadian Dollar1 EUR = 1.396 CAD1 CAD = 0.716 EUR
EuroSwiss Franc1 EUR = 1.560 CHF1 CHF = 0.641 EUR
Pound SterlingAustralian Dollar1 GBP = 2.417 AUD1 AUD = 0.414 GBP
Pound SterlingCanadian Dollar1 GBP = 2.036 CAD1 CAD = 0.491 GBP
Pound SterlingSwiss Franc1 GBP = 2.275 CHF1 CHF = 0.439 GBP
Australian DollarCanadian Dollar1 AUD = 0.842 CAD1 CAD = 1.188 AUD
Australian DollarSwiss Franc1 AUD = 0.941 CHF1 CHF = 1.062 AUD

See what else happened on May 02, 2006