Financial news on July 04, 2006

Business and Financial news
2 Rivals Authorize G.M. Talks

The boards of Nissan and Renault voted Monday to explore a historic three-way alliance with General Motors. Read more..

By MICHELINE MAYNARD - The New York Times

European Regulators Back Plan for a Fine on Microsoft

Antitrust regulators in the E.U. gave unanimous support to a plan to again fine Microsoft for failing to comply with a 2004 ruling against it. Read more..

By PAUL MELLER - The New York Times

Her Needles Comfort Her; as for Other Passengers ...

Pulling out two bright orange, 10-inch long knitting needles on an airplane doesn't tend to soothe fellow travelers. Read more..

By NADINE CURTIS - The New York Times

Millicom Ends Talks on Possible Merger

Millicom International Cellular said it had pulled out of merger discussions with potential buyer China Mobile Communications. Read more..

By THE NEW YORK TIMES - The New York Times

Phone Card Issuers Must Pay Access Fees

The F.C.C. has ruled that issuers of prepaid calling cards must pay connection fees and help subsidize phone service in rural areas. Read more..

By DOW JONES/AP - The New York Times

Politics Joins Production as Problem for Airbus

The weekend boardroom purge at Airbus and EADS eased a management crisis, but doesn't solve the companies' underlying political problems. Read more..

By MARK LANDLER - The New York Times

Poor Nations Are Still Waiting for U.S.-European Trade Accord

The fate of the so-called Doha Round of trade talks depends on the United States and Europe reaching agreement on agriculture. Read more..

By EDMUND L. ANDREWS and JAMES KANTER - The New York Times

Prying Into Your Pills: Proper or Not, It Happens

There are a lot of confusing guidelines floating around about traveling with pills and other medicine on flights. Read more..

By JOE SHARKEY - The New York Times

Tapping the Latent Power in What's Left Around the Barnyard

Farmers and entrepreneurs are slowly replacing lagoons used to treat animal waste with machines that can wrest energy from excrement. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Value of Airbus Stake Down, BAE Has Less Money for Deals

BAE may have to curtail its trans-Atlantic expansion plans temporarily because its stake in Airbus is worth a little more than half what it expected. Read more..

By HEATHER TIMMONS - The New York Times

Exchange Rates of July 04, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.890 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.109 CAD1 CAD = 0.902 USD
US DollarSwiss Franc1 USD = 1.224 CHF1 CHF = 0.817 USD
US DollarChinese Yuan1 USD = 7.991 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 146.910 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.693 GBP1 GBP = 1.442 EUR
EuroAustralian Dollar1 EUR = 1.716 AUD1 AUD = 0.583 EUR
EuroCanadian Dollar1 EUR = 1.418 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.565 CHF1 CHF = 0.639 EUR
Pound SterlingAustralian Dollar1 GBP = 2.474 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.044 CAD1 CAD = 0.489 GBP
Pound SterlingSwiss Franc1 GBP = 2.258 CHF1 CHF = 0.443 GBP
Australian DollarCanadian Dollar1 AUD = 0.826 CAD1 CAD = 1.211 AUD
Australian DollarSwiss Franc1 AUD = 0.912 CHF1 CHF = 1.097 AUD

See what else happened on July 04, 2006