Financial news on June 5th, 2007

Business and Financial news
Asset Manager to Oppose Biomet Takeover Offer

At least one significant investor in Biomet, an artificial joint maker, plans to vote against a proposed $10.9 billion deal for the company. Read more..

By MICHAEL J. de la MERCED - The New York Times

Memo Pad

AIRLINE REPORT CARD: OUCH! The airline industry may be back in the black, but passengers are still seeing red, according to a Consumer Reports survey that will be published in its July issue. Over all, the industry’s average score for satisfaction... Read more..

By JOE SHARKEY - The New York Times

Palm Investor Sees Hand-Held Free-for-All

The private equity investment in Palm Inc. is a gamble that the history of two companies in the personal computer industry won’t repeat itself. Read more..

By JOHN MARKOFF - The New York Times

Star Power Backfires, Costing Agency a Client

When a London agency featured images of Kurt Cobain and other dead rock stars in ads for Dr. Martens footwear, it and its client got burned. Read more..

By ERIC PFANNER - The New York Times

Stormy Weather, Brought to You By ...

Campaign Spotlight. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO26.8627.3026.8627.2059.5M
General ElectricGE37.7037.8137.3737.4040.6M
Wal-Mart StoresWMT50.9151.2050.3650.5232.7M
Oracle Corp.ORCL19.6019.6419.3319.4826.3M
AT&T Inc.T40.6940.8640.1540.4918.1M
Home DepotHD39.4739.8538.6838.8615.2M
HP Inc.HPQ45.7346.0745.5245.9214M
Abbott LaboratoriesABT55.7955.7954.9355.4913.8M
JPMorgan ChaseJPM51.2451.4951.1951.2213.6M
Procter & GamblePG63.0963.7363.0663.4613.5M
Wells Fargo & Co.WFC36.1136.1635.7535.9113.3M
Bristol-Myers SquibbBMY30.2630.5530.0230.4212.2M
Verizon CommunicationsVZ42.9142.9342.5742.7611.6M
Johnson & JohnsonJNJ63.4063.5563.0263.3111.4M
Walt Disney & Co.DIS35.7635.8935.2135.279.96M
UnitedHealth GroupUNH54.9555.1354.3354.705.62M
International Business MachinesIBM106.55106.55105.54105.845.24M
United TechnologiesUTX70.5570.9970.3370.754.39M
Gilead SciencesGILD83.8383.9882.2583.293.34M
Union PacificUNP121.11122.00120.11120.981.44M
Berkshire HathawayBRK.B3646.003646.003614.003619.0015.1K
Exchange Rates of June 5th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 121.370 JPY1 JPY = 0.008 USD
US DollarCanadian Dollar1 USD = 1.063 CAD1 CAD = 0.941 USD
US DollarSwiss Franc1 USD = 1.218 CHF1 CHF = 0.821 USD
US DollarChinese Yuan1 USD = 7.643 CNY1 CNY = 0.131 USD
EuroJapanese Yen1 EUR = 164.150 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.678 GBP1 GBP = 1.474 EUR
EuroAustralian Dollar1 EUR = 1.614 AUD1 AUD = 0.619 EUR
EuroCanadian Dollar1 EUR = 1.438 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.648 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.413 GBP1 GBP = 2.421 JPY
Japanese YenAustralian Dollar1 JPY = 0.983 AUD1 AUD = 1.017 JPY
Japanese YenCanadian Dollar1 JPY = 0.876 CAD1 CAD = 1.142 JPY
Japanese YenSwiss Franc1 JPY = 1.003 CHF1 CHF = 0.997 JPY
Pound SterlingAustralian Dollar1 GBP = 2.380 AUD1 AUD = 0.420 GBP
Pound SterlingCanadian Dollar1 GBP = 2.119 CAD1 CAD = 0.472 GBP
Pound SterlingSwiss Franc1 GBP = 2.428 CHF1 CHF = 0.412 GBP
Australian DollarCanadian Dollar1 AUD = 0.890 CAD1 CAD = 1.124 AUD
Australian DollarSwiss Franc1 AUD = 1.020 CHF1 CHF = 0.981 AUD
Canadian DollarSwiss Franc1 CAD = 1.145 CHF1 CHF = 0.873 CAD

See what else happened on June 5th, 2007