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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 24.50 25.00 23.90 24.01 191M
Intel INTC 19.65 19.72 19.51 19.59 52.9M
Cisco Systems CSCO 21.13 21.75 21.11 21.39 46.5M
Oracle Corp. ORCL 14.55 14.58 14.38 14.43 29M
Apple AAPL 70.15 71.98 70.11 71.62 27.6M
Alphabet GOOGL 401.00 402.49 388.40 394.80 26.2M
Pfizer PFE 25.11 25.39 25.01 25.18 23M
ExxonMobil XOM 63.82 64.77 63.82 64.67 19M
General Electric GE 34.40 34.59 34.10 34.48 16.4M
Gilead Sciences GILD 58.11 58.20 53.72 54.80 15.5M
Comcast CMCSA 30.16 30.74 29.94 30.16 15.1M
JPMorgan Chase JPM 45.00 45.51 44.91 45.50 13M
AT&T Inc. T 26.25 26.34 26.12 26.16 11.6M
UnitedHealth Group UNH 49.60 50.00 48.45 48.58 11.6M
Amgen AMGN 66.80 67.17 65.14 65.99 11.2M
Verizon Communications VZ 33.10 33.23 32.64 32.64 11.1M
ConocoPhillips COP 68.55 69.40 68.02 69.18 10.4M
Wal-Mart Stores WMT 46.12 46.26 45.90 46.16 9.6M
Procter & Gamble PG 57.66 58.34 57.43 58.11 8.49M
Chevron CVX 61.80 62.95 61.39 62.80 8.4M
Abbott Laboratories ABT 42.31 42.75 41.96 42.15 8.37M
Home Depot HD 40.95 40.95 40.13 40.20 8.13M
Schlumberger SLB 71.98 73.46 71.15 73.37 8.12M
Walt Disney & Co. DIS 27.99 28.03 27.78 27.89 6.9M
HP Inc. HPQ 32.65 32.78 32.22 32.32 6.59M
Merck MRK 34.24 34.56 33.99 34.48 6.22M
Amazon AMZN 34.75 34.94 34.23 34.38 5.86M
Bristol-Myers Squibb BMY 25.13 25.13 24.79 24.99 5.67M
Johnson & Johnson JNJ 58.77 58.96 58.60 58.67 5.59M
Coca-Cola KO 42.10 42.30 41.99 42.24 5.28M
Altria MO 72.15 73.08 72.10 72.90 4.94M
Wells Fargo & Co. WFC 68.07 68.32 67.67 67.89 4.83M
International Business Machines IBM 82.11 82.74 82.00 82.42 4.34M
McDonald's MCD 34.40 34.53 34.22 34.41 3.98M
3M MMM 85.15 85.31 83.58 84.50 3.81M
Pepsico PEP 58.13 58.17 57.75 57.95 3.27M
Boeing BA 84.54 85.82 83.86 85.33 3.01M
United Technologies UTX 63.15 63.57 62.60 63.56 2.57M
Union Pacific UNP 93.34 94.10 91.57 94.08 2.48M
Berkshire Hathaway BRK.B 2983.50 2989.00 2960.00 2960.00 9.2K
Exchange Rates of May 02, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 113.400 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.107 CAD 1 CAD = 0.904 USD
US Dollar Swiss Franc 1 USD = 1.237 CHF 1 CHF = 0.808 USD
Euro Japanese Yen 1 EUR = 143.020 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.686 GBP 1 GBP = 1.459 EUR
Euro Australian Dollar 1 EUR = 1.657 AUD 1 AUD = 0.603 EUR
Euro Canadian Dollar 1 EUR = 1.396 CAD 1 CAD = 0.716 EUR
Euro Swiss Franc 1 EUR = 1.560 CHF 1 CHF = 0.641 EUR
Pound Sterling Australian Dollar 1 GBP = 2.417 AUD 1 AUD = 0.414 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.036 CAD 1 CAD = 0.491 GBP
Pound Sterling Swiss Franc 1 GBP = 2.275 CHF 1 CHF = 0.439 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.842 CAD 1 CAD = 1.188 AUD
Australian Dollar Swiss Franc 1 AUD = 0.941 CHF 1 CHF = 1.062 AUD

See what else happened on May 02, 2006