Financial news on July 5th, 2006

Business and Financial news
3 Businesses Seek Cures for the Summertime Blues

Summer is here, and seasonal businesses must adapt or die. Read more..

By BARBARA WHITAKER - The New York Times


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By THE NEW YORK TIMES - The New York Times

Ban on Wild Caviar Is a Boon to California Sturgeon Farms

After years of investment with little payoff, caviar businesses in California are booming thanks to a temporary trade ban on wild sturgeon. Read more..

By REGAN MORRIS - The New York Times

European Markets Rebound on Speculation Over Mergers

Trading volume was lower than usual in Europe, with the United States markets closed for the Independence Day holiday. Read more..

By BLOOMBERG NEWS - The New York Times

High Costs Are Driving Business From Hong Kong Port

Hong Kong's shipping and logistics industries, long the territory's very reason for being, face a serious challenge from southern China. Read more..

By PATRICK L. SMITH, International Herald Tribune - The New York Times

Search for New Oil Sources Leads to Processed Coal

Illinois alone has more energy than Saudi Arabia, but turning coal into fuel for consumers has a big catch. Read more..

By MATTHEW L. WALD - The New York Times

The 'Blow-Away Guy' Rides Again

A familiar character, Maxell's "blow-away guy," is migrating online in another example of sponsored entertainment for computer gamers. Read more..

By STUART ELLIOTT - The New York Times

U.S. Firm Has Korea Up in Arms

South Korean authorities are continuing a high-profile investigation into Lone Star, the Dallas-based private-equity fund. Read more..

By MARTIN FACKLER - The New York Times

Western News Operations Expand Into Arabic Market

A crowd of Western news organizations is preparing to deliver headlines — and geopolitical views — in the language of the Koran. Read more..

By DOREEN CARVAJAL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.8219.9719.4719.6030.7M
Oracle Corp.ORCL14.6314.7714.5514.5729.5M
General ElectricGE33.2333.4333.1533.3125.6M
AT&T Inc.T28.0028.1527.8727.9018M
HP Inc.HPQ32.7033.2432.6832.7716.6M
Home DepotHD35.6235.7835.3935.5314M
Wal-Mart StoresWMT47.2147.3446.7647.0211.5M
Walt Disney & Co.DIS29.8230.4529.7030.0711.3M
Verizon CommunicationsVZ33.3533.5033.2233.2910.7M
JPMorgan ChaseJPM42.8742.8742.0442.4110.5M
Procter & GamblePG55.7056.1455.6555.939.15M
Abbott LaboratoriesABT43.4044.0043.2543.619.01M
Bristol-Myers SquibbBMY25.2825.5925.1525.226.7M
Johnson & JohnsonJNJ59.8060.4259.8060.046.56M
UnitedHealth GroupUNH45.0045.2444.2945.115.04M
International Business MachinesIBM78.0078.3977.5277.774.05M
Wells Fargo & Co.WFC67.3067.3166.7166.883.49M
United TechnologiesUTX63.9964.0863.3663.853.39M
Gilead SciencesGILD58.6459.2158.1058.993.27M
Union PacificUNP92.2392.2990.3992.121.34M
Berkshire HathawayBRK.B3035.003035.002990.002990.0028.1K
Exchange Rates of July 5th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.690 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.113 CAD1 CAD = 0.898 USD
US DollarSwiss Franc1 USD = 1.232 CHF1 CHF = 0.812 USD
US DollarChinese Yuan1 USD = 7.996 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 147.130 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.693 GBP1 GBP = 1.442 EUR
EuroAustralian Dollar1 EUR = 1.714 AUD1 AUD = 0.583 EUR
EuroCanadian Dollar1 EUR = 1.415 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.567 CHF1 CHF = 0.638 EUR
Pound SterlingAustralian Dollar1 GBP = 2.472 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.041 CAD1 CAD = 0.490 GBP
Pound SterlingSwiss Franc1 GBP = 2.260 CHF1 CHF = 0.442 GBP
Australian DollarCanadian Dollar1 AUD = 0.825 CAD1 CAD = 1.212 AUD
Australian DollarSwiss Franc1 AUD = 0.914 CHF1 CHF = 1.095 AUD

See what else happened on July 5th, 2006