Financial news on June 13, 2006

Business and Financial news
Arcelor Indicates Some Willingness to Talk With Mittal

The European steel giant formally rejected a 25.8 billion euro hostile takeover bid by Mittal Steel. But for the first time, Arcelor said it might be willing to negotiate. Read more..

By HEATHER TIMMONS - The New York Times

Calling Truce, Northwest and Attendants to Resume Talks

In a temporary truce until June 30, flight attendants agreed not to strike and the airline agreed not to set aside their contract. Read more..

By JEFF BAILEY - The New York Times

David (Car) Has Better Chance Against Goliath (S.U.V.)

A large number of sport utility vehicles and pickups have been redesigned to reduce the threat they pose in collisions with smaller cars. Read more..

By NICK BUNKLEY - The New York Times

Electronic Stability Control Could Cut Fatal Highway Crashes by 10,000

A new technology applies the brakes to individual wheels or cuts back the engine power when sensors detect the vehicle is beginning to spin or skid. Read more..

By NICK BUNKLEY - The New York Times

General Mills to Let Agencies Call the Shots

General Mills will let its two principal agencies, Campbell Mithun and Saatchi & Saatchi, determine the media in which ads run and which agencies will create them. Read more..

By STUART ELLIOTT - The New York Times

Germany: VW to Extend Workweek

Following a trend that is spreading across Germany, Volkswagen said that it planned to increase its working week to 35 hours from 28.8 hours without a pay increase. Read more..

By CARTER DOUGHERTY, International Herald Tribune - The New York Times

Human Rights Commission to Study Advertising Industry's Hiring Practices

The New York City Commission on Human Rights has scheduled hearings on how the advertising industry hires, retains and promotes minority employees. Read more..

By THE NEW YORK TIMES - The New York Times

Kenneth Thomson, Who Made Data Giant From a Newspaper Company, Dies at 82

Kenneth R. Thomson transformed his father's trans-Atlantic newspaper business into one of the world's leading providers of electronic data and information. Read more..

By IAN AUSTEN - The New York Times

Somber Tone and Protest as U.A.W. Convenes

Leaders and members of the United Automobile Workers are now aiming to protect what they have rather than gain new ground. Read more..

By MICHELINE MAYNARD - The New York Times

Zen on Hot Asphalt for a Biker on Business

I would rather ride my motorcycle for a business trip than fly — and I often do. Read more..

By ALTON BROWN, as told to CHRISTOPHER ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 16.79 17.29 16.75 17.12 116M
Microsoft MSFT 21.73 22.03 21.46 21.51 113M
Cisco Systems CSCO 19.39 19.62 19.31 19.36 47.9M
Apple AAPL 57.61 59.10 57.36 58.33 38.6M
Oracle Corp. ORCL 13.27 13.54 13.10 13.15 36.4M
General Electric GE 33.73 34.21 33.71 33.73 31.7M
Pfizer PFE 23.29 23.50 23.03 23.04 30.9M
ExxonMobil XOM 57.75 58.30 56.65 56.65 27.5M
AT&T Inc. T 26.66 27.13 26.59 27.02 23.1M
ConocoPhillips COP 59.00 59.90 57.66 57.91 20.7M
HP Inc. HPQ 29.87 30.18 29.40 29.79 17.3M
JPMorgan Chase JPM 41.41 41.88 40.34 40.53 16.5M
Schlumberger SLB 55.87 57.72 54.00 54.57 16.1M
Alphabet GOOGL 380.90 387.00 378.12 386.53 15.3M
Chevron CVX 57.59 58.16 56.69 56.78 14.7M
Comcast CMCSA 32.50 32.79 32.24 32.40 14.4M
Wal-Mart Stores WMT 47.09 47.93 47.03 47.53 14.2M
Walt Disney & Co. DIS 28.52 28.73 28.22 28.28 13.7M
Verizon Communications VZ 31.42 31.80 31.27 31.55 13.1M
Home Depot HD 36.10 36.90 36.04 36.29 12.6M
Johnson & Johnson JNJ 61.55 61.69 61.01 61.05 12.1M
Amgen AMGN 66.98 68.06 66.62 66.94 11.7M
Merck MRK 33.48 34.07 33.16 33.66 10.8M
Procter & Gamble PG 54.32 55.25 54.10 54.13 10.4M
Altria MO 70.70 70.72 69.56 69.56 9.61M
Wells Fargo & Co. WFC 68.89 68.90 66.75 67.07 9.28M
Bristol-Myers Squibb BMY 24.53 25.15 24.48 24.82 9.26M
Coca-Cola KO 43.18 43.25 42.76 42.91 9.06M
Abbott Laboratories ABT 42.72 43.19 42.40 42.45 7.79M
McDonald's MCD 33.47 33.47 31.73 31.94 7.66M
International Business Machines IBM 77.27 77.93 76.82 76.93 7.37M
UnitedHealth Group UNH 44.82 45.65 44.75 45.43 6.36M
Amazon AMZN 33.49 34.17 33.14 33.47 5.4M
Boeing BA 77.69 79.75 76.40 76.98 5.18M
Gilead Sciences GILD 56.18 57.75 55.60 57.02 5.18M
Pepsico PEP 59.45 59.84 58.92 58.99 5.05M
United Technologies UTX 59.28 60.25 59.05 59.45 4.38M
3M MMM 80.35 81.23 79.94 79.96 3.44M
Union Pacific UNP 85.33 88.32 84.71 86.51 2.43M
Berkshire Hathaway BRK.B 3008.00 3030.00 2990.00 3014.50 15.9K
Exchange Rates of June 13, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 115.300 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.114 CAD 1 CAD = 0.898 USD
US Dollar Swiss Franc 1 USD = 1.238 CHF 1 CHF = 0.807 USD
US Dollar Chinese Yuan 1 USD = 8.021 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 144.630 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.684 GBP 1 GBP = 1.463 EUR
Euro Australian Dollar 1 EUR = 1.699 AUD 1 AUD = 0.588 EUR
Euro Canadian Dollar 1 EUR = 1.397 CAD 1 CAD = 0.716 EUR
Euro Swiss Franc 1 EUR = 1.554 CHF 1 CHF = 0.644 EUR
Pound Sterling Australian Dollar 1 GBP = 2.485 AUD 1 AUD = 0.402 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.043 CAD 1 CAD = 0.489 GBP
Pound Sterling Swiss Franc 1 GBP = 2.272 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.822 CAD 1 CAD = 1.217 AUD
Australian Dollar Swiss Franc 1 AUD = 0.914 CHF 1 CHF = 1.095 AUD

See what else happened on June 13, 2006