Financial news on July 7th, 2006

Business and Financial news
3 Senators Protest Possible Tax Deduction for Boeing in Settling U.S. Case

The senators said allowing Boeing to deduct payments to settle government ethics charges "would be unacceptable." Read more..

By LESLIE WAYNE - The New York Times

A Class-Action Shuffle

For class-action securities-law firms, opportunity is in the air after a leading firm, Milberg Weiss Bershad & Schulman, was indicted in May. Read more..

By ELLEN ROSEN - The New York Times

Brazil's Oil Giant Is Drilling Far From Home Waters

Petrobras has shifted its focus from domestic production toward becoming a player on the global energy market and a major foreign investor. Read more..

By PAULO PRADA - The New York Times

Can a Failure Become a Savior?

Does it make sense for General Motors to be rescued by Renault, a company that has failed repeatedly in its efforts to sell cars to Americans? Read more..

By FLOYD NORRIS - The New York Times

Department Stores Staged a Comeback in June

For the second consecutive month, sales at department stores far outstripped those of specialty apparel chains. Read more..

By MICHAEL BARBARO - The New York Times

Jump-Start or New Battery for G.M.?

Directors of General Motors are scheduled to meet Friday to discuss whether to open talks on a three-way alliance involving G.M., Renault and Nissan. Read more..


Lessons From the British Way of Policing Hedge Funds

When it comes to hedge funds, securities regulators in London seem to follow a simple approach: relationships matter. Read more..

By JENNY ANDERSON - The New York Times

Manischewitz Wants to Move to a Mainstream Aisle

Several marketers are trying to take advantage of surging demand for kosher foods among all shoppers. Read more..

By STUART ELLIOTT - The New York Times

Midwest Utilities Discuss a Deal

The WPS Resources Corporation, an electricity supplier in Wisconsin and Michigan, said that it was in talks to buy the Peoples Energy Corporation. Read more..

By BLOOMBERG NEWS - The New York Times

S.E.C. Commissioner Sees Good in Options

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL14,5014,9814,4214,7853.2M
Cisco SystemsCSCO19,5019,6219,2219,3933.8M
General ElectricGE33,3533,5133,2133,3020.3M
HP Inc.HPQ32,9533,3132,7432,8516M
Home DepotHD35,5135,7035,2835,3714.6M
AT&T Inc.T27,6427,7427,4727,7414.5M
Wal-Mart StoresWMT46,4846,6345,8846,0010.5M
Walt Disney & Co.DIS29,9030,0829,6729,839.48M
Verizon CommunicationsVZ33,1433,4332,6532,719.37M
Abbott LaboratoriesABT43,7844,2043,7143,808.29M
Procter & GamblePG56,4556,7556,2556,506.83M
JPMorgan ChaseJPM42,4542,7542,2942,416.74M
International Business MachinesIBM78,0978,0976,1276,426.64M
Johnson & JohnsonJNJ60,6060,8760,4360,625.35M
Bristol-Myers SquibbBMY25,2925,6225,2925,335.26M
Wells Fargo & Co.WFC67,5468,5167,3068,114.92M
UnitedHealth GroupUNH45,2545,5945,0145,394.57M
Gilead SciencesGILD59,8661,2759,5260,764.51M
United TechnologiesUTX63,7563,8562,5063,102.88M
Union PacificUNP90,1390,7389,4990,121.13M
Berkshire HathawayBRK.B2998,003009,002995,003005,0014.7K
Exchange Rates of July 7th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113,900 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,114 CAD1 CAD = 0,898 USD
US DollarSwiss Franc1 USD = 1,222 CHF1 CHF = 0,818 USD
US DollarChinese Yuan1 USD = 7,984 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 145,960 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,692 GBP1 GBP = 1,446 EUR
EuroAustralian Dollar1 EUR = 1,703 AUD1 AUD = 0,587 EUR
EuroCanadian Dollar1 EUR = 1,428 CAD1 CAD = 0,700 EUR
EuroSwiss Franc1 EUR = 1,566 CHF1 CHF = 0,639 EUR
Pound SterlingAustralian Dollar1 GBP = 2,462 AUD1 AUD = 0,406 GBP
Pound SterlingCanadian Dollar1 GBP = 2,064 CAD1 CAD = 0,484 GBP
Pound SterlingSwiss Franc1 GBP = 2,264 CHF1 CHF = 0,442 GBP
Australian DollarCanadian Dollar1 AUD = 0,838 CAD1 CAD = 1,193 AUD
Australian DollarSwiss Franc1 AUD = 0,919 CHF1 CHF = 1,088 AUD

See what else happened on July 7th, 2006