Financial news on May 11, 2006

Business and Financial news
3 Chip Makers Reach Settlements

Samsung Electronics, Hynix Semiconductor and Infineon Technologies will pay $160 million to resolve claims that they drove up computer chip prices. Read more..

By BLOOMBERG NEWS - The New York Times

A Redesign Is Expected for Airbus's Midsize Jet

Airbus is expected to radically redesign its A350 jet in a move that could give Boeing the upper hand in a critical segment of the commercial aircraft market. Read more..

By MARK LANDLER - The New York Times

Detroit Grapples With a New Era: The Not-So-Big 3

Asian car companies have moved squarely into the front yard of the capital of American automotive dominance. Read more..

By MICHELINE MAYNARD - The New York Times

Judge in Enron Case Delivers a Serious Blow to the 2 Defendants

The judge agreed to allow jurors to find Jeffrey K. Skilling and Kenneth L. Lay guilty for consciously avoiding knowing about wrongdoing at the company. Read more..

By ALEXEI BARRIONUEVO - The New York Times

Keeping Mailboxes Happy and Compact

Q. When I close Outlook Express I get a pop-up window that reads: "To free up disk space, Outlook Express can compact messages." What does this mean? Read more..

By J.D. BIERSDORFER - The New York Times

Microsoft’s Sinking UMPC Ship

If so many people at Microsoft saw the UMPC disaster coming, how does something so misguided like the UMPC get past the drawing board? Read more..

By DAVID POGUE - The New York Times

Nasdaq Raises Stake in London Exchange

The Nasdaq Stock Market raised its stake in its trans-Atlantic rival to 24.1 percent, a level that will allow it to count some of London's profit as its own. Read more..

By HEATHER TIMMONS - The New York Times

U.S. Won't Press China Over Yuan

The Bush administration said that it would not cite China as a currency manipulator and provoke a confrontation over the issue. Read more..

By STEVEN R. WEISMAN - The New York Times

Why the World Doesn't Need Hi-Def DVD's

Toshiba's high-definition DVD player is the first volley in an absurd format war among the titans of the movie, electronics and computer industries. Read more..

By DAVID POGUE - The New York Times

With $12 Billion in Profit, Toyota Has G.M. in Sight

Toyota's sixth consecutive year of record profit indicates to analysts that the company may pass G.M. as the world's largest carmaker. Read more..

By MARTIN FACKLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT23,7123,7923,1523,2292.9M
Cisco SystemsCSCO20,6320,6619,9620,0584.8M
IntelINTC19,5819,6019,2119,3657M
Oracle Corp.ORCL14,1914,2813,8013,9131.5M
UnitedHealth GroupUNH45,1045,3443,9344,3730.2M
PfizerPFE25,2725,3924,7024,8129M
AppleAAPL70,8070,8467,5568,1529M
General ElectricGE34,5034,6734,1334,5122.8M
ExxonMobilXOM64,1064,2663,2563,4618M
AlphabetGOOGL403,42404,71384,98387,0017.8M
AT&T Inc.T26,1726,3125,9326,1115.1M
Walt Disney & Co.DIS29,8529,9429,5229,8014.7M
ChevronCVX63,1063,6562,5062,7113M
ComcastCMCSA32,0232,1431,8131,9212.6M
Verizon CommunicationsVZ32,2232,3031,6431,9012.4M
Procter & GamblePG55,9056,6555,5155,6512.4M
Wal-Mart StoresWMT47,9047,9047,0347,2511.2M
ConocoPhillipsCOP68,2868,5366,7166,8811.2M
JPMorgan ChaseJPM45,9245,9644,9645,1510.5M
Johnson & JohnsonJNJ58,6659,0758,6058,849.81M
Abbott LaboratoriesABT41,7042,1741,5042,029.45M
Home DepotHD41,0541,3040,5540,729.09M
HP Inc.HPQ32,8832,9532,1432,539.03M
AltriaMO72,7072,8571,1071,358.62M
Coca-ColaKO43,5443,5943,2743,388.48M
SchlumbergerSLB74,0074,7571,2571,518.24M
AmgenAMGN67,7067,9466,8967,287.74M
AmazonAMZN34,1234,1533,0833,537.7M
MerckMRK34,6134,8934,4134,517.27M
Bristol-Myers SquibbBMY24,9525,0324,5424,626.66M
International Business MachinesIBM82,6583,0982,4582,465.27M
McDonald'sMCD35,9535,9635,2235,354.93M
Gilead SciencesGILD56,9557,2556,2456,604.43M
United TechnologiesUTX66,0366,3965,6465,824.41M
Wells Fargo & Co.WFC67,8267,9467,0367,483.89M
PepsicoPEP58,7058,8158,1758,353.13M
BoeingBA89,4589,5587,9088,212.65M
3MMMM87,2587,6486,7887,172.56M
Union PacificUNP97,1097,1095,4896,602.14M
Berkshire HathawayBRK.B2983,003000,002983,002987,009.6K
Exchange Rates of May 11, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 110,630 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,103 CAD1 CAD = 0,906 USD
US DollarSwiss Franc1 USD = 1,213 CHF1 CHF = 0,824 USD
US DollarChinese Yuan1 USD = 8,004 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 141,970 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,682 GBP1 GBP = 1,467 EUR
EuroAustralian Dollar1 EUR = 1,654 AUD1 AUD = 0,604 EUR
EuroCanadian Dollar1 EUR = 1,416 CAD1 CAD = 0,706 EUR
EuroSwiss Franc1 EUR = 1,557 CHF1 CHF = 0,642 EUR
Pound SterlingAustralian Dollar1 GBP = 2,426 AUD1 AUD = 0,412 GBP
Pound SterlingCanadian Dollar1 GBP = 2,076 CAD1 CAD = 0,482 GBP
Pound SterlingSwiss Franc1 GBP = 2,283 CHF1 CHF = 0,438 GBP
Australian DollarCanadian Dollar1 AUD = 0,855 CAD1 CAD = 1,169 AUD
Australian DollarSwiss Franc1 AUD = 0,941 CHF1 CHF = 1,063 AUD

See what else happened on May 11, 2006