Financial news on June 13th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19,3919,6219,3119,3647.9M
Oracle Corp.ORCL13,2713,5413,1013,1536.4M
General ElectricGE33,7334,2133,7133,7331.7M
AT&T Inc.T26,6627,1326,5927,0223.1M
HP Inc.HPQ29,8730,1829,4029,7917.3M
JPMorgan ChaseJPM41,4141,8840,3440,5316.5M
Wal-Mart StoresWMT47,0947,9347,0347,5314.2M
Walt Disney & Co.DIS28,5228,7328,2228,2813.7M
Verizon CommunicationsVZ31,4231,8031,2731,5513.1M
Home DepotHD36,1036,9036,0436,2912.6M
Johnson & JohnsonJNJ61,5561,6961,0161,0512.1M
Procter & GamblePG54,3255,2554,1054,1310.4M
Wells Fargo & Co.WFC68,8968,9066,7567,079.28M
Bristol-Myers SquibbBMY24,5325,1524,4824,829.26M
Abbott LaboratoriesABT42,7243,1942,4042,457.79M
International Business MachinesIBM77,2777,9376,8276,937.37M
UnitedHealth GroupUNH44,8245,6544,7545,436.36M
Gilead SciencesGILD56,1857,7555,6057,025.18M
United TechnologiesUTX59,2860,2559,0559,454.38M
Union PacificUNP85,3388,3284,7186,512.43M
Berkshire HathawayBRK.B3008,003030,002990,003014,5015.9K
Exchange Rates of June 13th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115,300 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,114 CAD1 CAD = 0,898 USD
US DollarSwiss Franc1 USD = 1,238 CHF1 CHF = 0,807 USD
US DollarChinese Yuan1 USD = 8,021 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 144,630 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,684 GBP1 GBP = 1,463 EUR
EuroAustralian Dollar1 EUR = 1,699 AUD1 AUD = 0,588 EUR
EuroCanadian Dollar1 EUR = 1,397 CAD1 CAD = 0,716 EUR
EuroSwiss Franc1 EUR = 1,554 CHF1 CHF = 0,644 EUR
Pound SterlingAustralian Dollar1 GBP = 2,485 AUD1 AUD = 0,402 GBP
Pound SterlingCanadian Dollar1 GBP = 2,043 CAD1 CAD = 0,489 GBP
Pound SterlingSwiss Franc1 GBP = 2,272 CHF1 CHF = 0,440 GBP
Australian DollarCanadian Dollar1 AUD = 0,822 CAD1 CAD = 1,217 AUD
Australian DollarSwiss Franc1 AUD = 0,914 CHF1 CHF = 1,095 AUD

See what else happened on June 13th, 2006