Financial news on June 07, 2006

Business and Financial news
A Boon for the Richest in an Estate Tax Repeal

Repealing the estate tax, which applies to large fortunes after death, would save a lot of money for a very few people — about one in 6,000, whose estates would each save an average of more than $800,000. Read more..

By DAVID CAY JOHNSTON - The New York Times

Along a Viaduct, a Restaurant Row Emerges

When Pete Skyllas first approached the abandoned freight house at 12th Avenue and 135th Street in West Harlem in search of the owner, all he remembers was the stink. Read more..

By ALISON GREGOR - The New York Times

American Ingenuity Lives On

From the deliciously funny Web site PatentlySilly, it's the cordless jump rope! Read more..

By DAVID POGUE - The New York Times

British Airport Operator Accepts a Takeover Bid

BAA said that it had accepted a takeover offer from the Spanish construction group Ferrovial, ending a nearly four-month fight to remain independent. Read more..

By NICOLA CLARK - The New York Times

Chirac Lukewarm on NYSE Group's Deal for Euronext

The struggle for control over stock exchanges took a political turn as President Jacques Chirac of France said that he preferred an all-European deal. Read more..

By JAMES KANTER - The New York Times

Dell to Upgrade Its Line of Server Computers

The upgraded systems represent a new approach for Dell, which focused on simplifying the task of installing and managing servers, not just selling them. Read more..

By LAURIE J. FLYNN - The New York Times

Lawyer to Join Goldman

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Papers Show Guidant Considered Warning Doctors of Hazards

Newly released company records show that Guidant drafted a letter to doctors last year that disclosed significant defects in its heart device but never sent it. Read more..

By BARRY MEIER - The New York Times

S.E.C. May Act on Options

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

What Netflix Could Teach Hollywood

Five million families now have a Netflix account, making it one of the most impressive companies around. So why do so many people think it's doomed? Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 17.78 17.79 17.33 17.39 109M
Microsoft MSFT 22.15 22.39 22.01 22.04 73.8M
Cisco Systems CSCO 20.26 20.27 19.90 19.91 40.7M
Oracle Corp. ORCL 13.87 13.88 13.50 13.54 30.4M
ExxonMobil XOM 60.30 60.36 58.80 58.85 28M
General Electric GE 34.55 34.92 34.40 34.40 27.9M
Pfizer PFE 24.02 24.18 23.89 23.91 26.9M
Apple AAPL 60.10 60.40 58.35 58.57 26.8M
Alphabet GOOGL 393.24 394.86 386.50 386.51 17.8M
ConocoPhillips COP 61.61 62.04 60.48 60.52 17M
Chevron CVX 58.94 59.71 57.16 57.17 13.8M
Walt Disney & Co. DIS 30.53 31.03 30.42 30.65 13.7M
Comcast CMCSA 33.27 33.36 32.94 33.15 13M
HP Inc. HPQ 31.00 31.37 30.91 30.93 12.6M
AT&T Inc. T 26.80 26.91 26.59 26.59 12.2M
Home Depot HD 36.95 37.38 36.65 36.71 11.7M
Schlumberger SLB 63.15 63.40 60.46 60.51 11.5M
Verizon Communications VZ 31.88 32.03 31.67 31.84 11M
Abbott Laboratories ABT 42.48 43.17 42.40 42.89 10.7M
Altria MO 72.23 72.24 70.91 70.95 10.1M
JPMorgan Chase JPM 42.37 42.77 42.13 42.25 9.96M
Wal-Mart Stores WMT 47.07 47.73 46.92 47.04 9.69M
Johnson & Johnson JNJ 61.12 61.69 61.01 61.17 9.51M
Merck MRK 34.08 34.51 33.94 33.96 8.84M
Procter & Gamble PG 53.60 54.13 53.16 53.24 8.44M
International Business Machines IBM 79.78 80.74 79.12 79.15 7.92M
Amgen AMGN 67.69 68.14 67.10 67.21 6.76M
Wells Fargo & Co. WFC 67.69 69.05 67.67 68.23 6.46M
Coca-Cola KO 43.62 43.80 43.35 43.38 5.79M
Amazon AMZN 33.40 34.54 32.91 33.77 5.3M
UnitedHealth Group UNH 46.49 46.88 46.21 46.28 5.29M
McDonald's MCD 33.50 33.77 33.30 33.32 5.07M
Gilead Sciences GILD 56.59 57.98 56.59 56.81 5.06M
Boeing BA 80.85 81.92 80.29 81.46 5.01M
United Technologies UTX 60.89 61.14 59.80 60.02 4.71M
Pepsico PEP 60.52 60.79 60.30 60.30 4.12M
Bristol-Myers Squibb BMY 25.01 25.17 24.88 24.90 3.97M
3M MMM 82.26 82.28 80.34 80.34 3.8M
Union Pacific UNP 89.86 90.32 86.91 87.17 2.08M
Berkshire Hathaway BRK.B 3038.00 3041.50 3018.00 3020.00 6.5K
Exchange Rates of June 07, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 113.390 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.113 CAD 1 CAD = 0.899 USD
US Dollar Swiss Franc 1 USD = 1.220 CHF 1 CHF = 0.819 USD
US Dollar Chinese Yuan 1 USD = 8.016 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 145.110 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.689 GBP 1 GBP = 1.451 EUR
Euro Australian Dollar 1 EUR = 1.726 AUD 1 AUD = 0.579 EUR
Euro Canadian Dollar 1 EUR = 1.424 CAD 1 CAD = 0.702 EUR
Euro Swiss Franc 1 EUR = 1.562 CHF 1 CHF = 0.640 EUR
Pound Sterling Australian Dollar 1 GBP = 2.504 AUD 1 AUD = 0.399 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.066 CAD 1 CAD = 0.484 GBP
Pound Sterling Swiss Franc 1 GBP = 2.266 CHF 1 CHF = 0.441 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.825 CAD 1 CAD = 1.213 AUD
Australian Dollar Swiss Franc 1 AUD = 0.904 CHF 1 CHF = 1.106 AUD

See what else happened on June 07, 2006