Financial news on June 8th, 2006

Business and Financial news
3 Tribune Directors Object to Stock Buyback

Three directors are said to have dissented from a plan to buy back stock because the move would not address the fundamental challenges facing the Tribune Company. Read more..

By KATHARINE Q. SEELYE - The New York Times

A Defunct Camera Didn't Die, It Just Came Back as a Rival

The lens mount and many mechanical parts of the Sony Alpha DSLR-A100 come from a discontinued camera made by Konica Minolta. Read more..

By IAN AUSTEN - The New York Times

Consumer Borrowing Rose 5.9% in April

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Energy Policy Is Far Too Important to Be Left to the Politicians

The recent spike in gasoline prices has prompted a wave of proposals from many government officials that if enacted would do far more harm than good. Read more..

By ROBERT H. FRANK - The New York Times

For New Windows, New Requirements

It might be a good idea to keep Windows Vista, the upcoming new version of Windows, in mind when buying a new computer. Read more..

By DAVID POGUE - The New York Times

McClatchy Sells 5 Papers Bought From Knight Ridder

McClatchy has now found buyers for 11 of the 12 newspapers it planned to sell after agreeing to buy Knight Ridder for $4.5 billion. Read more..

By BLOOMBERG NEWS - The New York Times

Moving Favorites When You Switch

How do I transfer my Internet Explorer Favorites from my old PC to the Web browser on the new Mac? Read more..

By J.D. BIERSDORFER - The New York Times

New Trick for Old Phones: Making Free Calls Online

The Skype U.S.B. Phone Adapter from D-Link lets you make Skype calls without using an awkward computer headset. Read more..

By SEÁN CAPTAIN - The New York Times

With Oil's Cash, Venezuelans Consume

With oil revenue flowing into its coffers, Venezuela is spending more on social programs that free up cash for the poor, creating what could be an artificial boom. Read more..

By JENS ERIK GOULD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19.7620.0819.4119.8971.7M
Oracle Corp.ORCL13.4513.5913.2013.5350.9M
General ElectricGE34.3334.6033.9434.5737.3M
AT&T Inc.T26.5226.9626.1526.5826.7M
HP Inc.HPQ30.9030.9129.0030.0623.4M
Walt Disney & Co.DIS30.4530.4829.7029.8720.9M
Wal-Mart StoresWMT47.0947.5446.8447.3016.3M
Procter & GamblePG53.5055.1053.3054.7415.1M
Verizon CommunicationsVZ31.9832.1531.2931.6614.9M
JPMorgan ChaseJPM42.0042.5041.2542.3514.4M
International Business MachinesIBM78.7479.5876.7577.0313.5M
Home DepotHD36.7037.4036.5337.2513.2M
Abbott LaboratoriesABT42.5043.1942.2643.1712.9M
Johnson & JohnsonJNJ61.1861.7561.0461.5612.5M
Bristol-Myers SquibbBMY24.7525.3224.7125.259.37M
Wells Fargo & Co.WFC68.2369.3367.5069.278.04M
Gilead SciencesGILD56.3956.8055.2056.576.49M
UnitedHealth GroupUNH46.7246.9545.7946.256.13M
United TechnologiesUTX60.0060.4958.8560.315.95M
Union PacificUNP87.1788.0083.8387.963.27M
Berkshire HathawayBRK.B3020.003024.002981.503008.0020.3K
Exchange Rates of June 8th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.120 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.122 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.232 CHF1 CHF = 0.812 USD
US DollarChinese Yuan1 USD = 8.016 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 144.360 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.686 GBP1 GBP = 1.458 EUR
EuroAustralian Dollar1 EUR = 1.703 AUD1 AUD = 0.587 EUR
EuroCanadian Dollar1 EUR = 1.419 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.558 CHF1 CHF = 0.642 EUR
Pound SterlingAustralian Dollar1 GBP = 2.482 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.069 CAD1 CAD = 0.483 GBP
Pound SterlingSwiss Franc1 GBP = 2.271 CHF1 CHF = 0.440 GBP
Australian DollarCanadian Dollar1 AUD = 0.833 CAD1 CAD = 1.200 AUD
Australian DollarSwiss Franc1 AUD = 0.915 CHF1 CHF = 1.093 AUD

See what else happened on June 8th, 2006