Financial news on May 05, 2006

Business and Financial news
A Gloomy W.T.O. Chief Says Time Is Brief for Saving Talks

Pascal Lamy said that he was increasingly worried that the five-year talks would end in failure. Read more..

By MARK LANDLER - The New York Times

AOL to Add Free Phone to Instant Messaging Feature

AOL is preparing to offer its 41 million instant messaging users a phone number that will allow people to call them for free. Read more..

By SAUL HANSELL and JOHN MARKOFF - The New York Times

Europe's Central Bank Chief Hints of Higher Rates Ahead

Jean-Claude Trichet indicated that the bank was considering rate increases in the future if the economy continues to grow. Read more..

By G. THOMAS SIMS - The New York Times

Going Online for Savings

High-yield Internet savings accounts are the flavor-of-the-month in banking. It is unclear though if banks can actually profit from them. Read more..

By JENNIFER A. KINGSON - The New York Times

Ken Lay Still Thinks Enron Was Healthy

Reading Kenneth L. Lay's testimony is like returning to the 1990's, when those who complained about manipulation of earnings numbers were viewed as cranks. Read more..

By FLOYD NORRIS - The New York Times

Margin Calls Forced Lay to Sell Stock, Witness Says

The former Enron chief sold millions in stock because of demands from his brokers, not because of a lack of faith in the company, a finance expert testified. yesterday. Read more..

By BLOOMBERG NEWS - The New York Times

Shares Gain as Oil Prices Decline Further

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Stronger Canadian Dollar Not Totally Welcome Up North

Some economists and traders are forecasting parity between the currencies, something that has not happened in 30 years. Read more..

By IAN AUSTEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT23.6623.9523.5223.80132M
Walt Disney & Co.DIS28.5029.1528.5029.0952.8M
IntelINTC19.4319.6519.3719.5151.1M
Cisco SystemsCSCO21.8922.0021.5021.7550.5M
Oracle Corp.ORCL14.3014.5714.2814.4526.4M
General ElectricGE34.9435.2234.8735.1626.1M
AppleAAPL71.8672.2571.1571.8920.1M
PfizerPFE25.3325.5725.2725.4120.1M
JPMorgan ChaseJPM45.9246.8045.6946.6517.3M
ExxonMobilXOM63.9064.0563.2064.0014.2M
Procter & GamblePG56.2456.2455.6555.7313.4M
UnitedHealth GroupUNH46.6946.8845.9246.3913.2M
HP Inc.HPQ33.3833.9033.2133.8712.2M
AlphabetGOOGL397.60400.68391.78394.3012.1M
Home DepotHD40.5541.4840.4741.2911.3M
ConocoPhillipsCOP67.2567.7266.5866.8511.1M
AT&T Inc.T26.0526.1525.8725.9710.3M
Verizon CommunicationsVZ32.9433.0932.4833.0210.3M
Coca-ColaKO42.2742.8942.0442.719.48M
Wal-Mart StoresWMT46.6047.3446.5247.259.08M
ChevronCVX62.4362.9061.9862.358.67M
AmgenAMGN67.4267.7366.8067.118.02M
ComcastCMCSA30.5930.8230.3530.787.94M
SchlumbergerSLB72.2072.4270.8371.467.56M
AltriaMO73.9074.3973.4773.817.1M
Johnson & JohnsonJNJ58.5058.8258.3558.707.05M
MerckMRK34.3134.5534.0434.487.04M
Gilead SciencesGILD55.6756.3654.2756.257.02M
Abbott LaboratoriesABT42.0042.9742.0042.776.63M
McDonald'sMCD34.8835.2534.8535.216.41M
AmazonAMZN34.6535.0434.1535.045.74M
Bristol-Myers SquibbBMY25.1025.4125.0225.284.94M
International Business MachinesIBM82.9583.5582.7082.984.5M
PepsicoPEP58.9859.3158.8059.183.9M
Wells Fargo & Co.WFC68.4068.9668.3868.873.65M
3MMMM86.6987.3086.5487.303.63M
United TechnologiesUTX64.3065.0064.0164.913.4M
BoeingBA87.4788.5587.3088.473.35M
Union PacificUNP93.5093.7092.8193.251.62M
Berkshire HathawayBRK.B2920.002955.002920.002945.0016.9K
Exchange Rates of May 05, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.450 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.107 CAD1 CAD = 0.904 USD
US DollarSwiss Franc1 USD = 1.226 CHF1 CHF = 0.816 USD
EuroJapanese Yen1 EUR = 143.130 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.685 GBP1 GBP = 1.460 EUR
EuroAustralian Dollar1 EUR = 1.649 AUD1 AUD = 0.607 EUR
EuroCanadian Dollar1 EUR = 1.409 CAD1 CAD = 0.710 EUR
EuroSwiss Franc1 EUR = 1.560 CHF1 CHF = 0.641 EUR
Pound SterlingAustralian Dollar1 GBP = 2.407 AUD1 AUD = 0.415 GBP
Pound SterlingCanadian Dollar1 GBP = 2.057 CAD1 CAD = 0.486 GBP
Pound SterlingSwiss Franc1 GBP = 2.278 CHF1 CHF = 0.439 GBP
Australian DollarCanadian Dollar1 AUD = 0.854 CAD1 CAD = 1.171 AUD
Australian DollarSwiss Franc1 AUD = 0.946 CHF1 CHF = 1.057 AUD

See what else happened on May 05, 2006