Financial news on July 14, 2006

Business and Financial news
34 States to Sue Chip Makers, Charging Broad Price Fixing

Seven semiconductor makers are accused of overcharging customers, opening the latest chapter in a four-year-old investigation. Read more..

By LAURIE J. FLYNN - The New York Times

A Big Vision, Only if G.M. Is Willing

Carlos Ghosn, the chief executive of Renault and Nissan, hopes to reach a global alliance with General Motors, quickly. Read more..

By MICHELINE MAYNARD - The New York Times

College Costs and Sallie Mae, Rising Hand in Hand

While costs of higher education continue to escalate for young people, top lender Sallie Mae has been widening its reach and depth. Read more..

By JENNIFER A. KINGSON - The New York Times

G.M., Renault and Nissan Agree to Study Alliance

General Motors, Renault and Nissan agreed Friday night to begin studying whether they want to form a three-way, global alliance that could change the shape of the automobile industry. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

Judge Raises New Concerns About Tactics in Shelter Case

The judge is displeased over how and when prosecutors turned over evidence and the pressure they exerted on KPMG to cut defendant legal fee payments. Read more..

By LYNNLEY BROWNING - The New York Times

Merck Wins Vioxx Case in New Jersey

A jury in New Jersey ruled that the painkiller Vioxx was not a cause of a 68-year-old woman’s heart attack. Read more..

By BLOOMBERG NEWS - The New York Times

On Wall Street, a Question of Bias

Wall Street has long been seen as an exclusive club, and a discrimination suit against Merrill Lynch underscores that it is still struggling to overcome that reputation. Read more..

By PATRICK McGEEHAN - The New York Times

Politics Aside, It’s Business as Usual for Mexican Business

Despite political unrest, investors have remained calm because the economy’s underpinnings are stronger than they have been in decades. Read more..

By ELISABETH MALKIN - The New York Times

Rosneft of Russia to Sell Shares on Eve of G-8 Meeting

The national oil company of Russia is preparing to offer shares to the public at a price higher than what was suggested by their banks. Read more..

By ANDREW E. KRAMER - The New York Times

Should Faulty Old Audits Be Forgotten?

When audits fail and scandals erupt, it sometimes turns out that the failure started small and grew as an error was repeated. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT22.2822.5522.2322.2967.5M
IntelINTC17.7218.1017.6817.8865.4M
General ElectricGE32.2932.3732.0632.1149.2M
Oracle Corp.ORCL14.0514.3913.9314.2940.1M
Cisco SystemsCSCO18.0218.2217.7717.9439.9M
AppleAAPL52.5052.8950.1650.6735.5M
PfizerPFE22.8722.8722.1622.4228.4M
ExxonMobilXOM64.5765.0063.9764.9021.5M
Wal-Mart StoresWMT43.9344.0342.8143.0520.1M
AT&T Inc.T26.5326.7926.4726.5817.9M
Home DepotHD33.9634.3733.6233.8416.3M
HP Inc.HPQ31.0731.2730.7130.7615.8M
AlphabetGOOGL410.33411.49398.61403.5015.1M
ChevronCVX65.4866.7965.4466.3814.9M
ConocoPhillipsCOP67.7067.8966.2667.4510.9M
Walt Disney & Co.DIS28.5528.7028.1528.4910.7M
JPMorgan ChaseJPM41.2541.5140.6140.8910.4M
MerckMRK36.9537.0635.7636.1510.4M
Abbott LaboratoriesABT43.8744.3143.8544.019.91M
Procter & GamblePG56.2956.3655.2555.668.96M
SchlumbergerSLB67.0568.1265.2868.078.86M
AmgenAMGN65.4065.6564.2364.358.47M
AmazonAMZN33.5133.7332.8032.928.09M
Verizon CommunicationsVZ31.8131.9231.5431.628.04M
United TechnologiesUTX61.4461.4758.3058.817.6M
Johnson & JohnsonJNJ60.3161.0660.1560.467.53M
AltriaMO76.9577.6476.5577.397.47M
ComcastCMCSA31.4031.6331.0031.057.21M
International Business MachinesIBM74.2474.3073.3773.576.96M
Coca-ColaKO43.0043.1842.3742.656.89M
BoeingBA79.5979.6076.8977.255.44M
UnitedHealth GroupUNH47.8647.9146.9747.555.04M
McDonald'sMCD32.9633.1332.7533.045.02M
PepsicoPEP62.0062.1061.5161.804.96M
3MMMM71.6671.9770.8871.224.35M
Bristol-Myers SquibbBMY24.7024.8824.4224.564.08M
Wells Fargo & Co.WFC67.9968.1467.5067.773.98M
Gilead SciencesGILD61.2561.3259.1559.913.59M
Union PacificUNP87.4587.7585.1586.161.54M
Berkshire HathawayBRK.B3000.003000.002979.002995.0016.4K
Exchange Rates of July 14, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.128 CAD1 CAD = 0.886 USD
US DollarSwiss Franc1 USD = 1.235 CHF1 CHF = 0.810 USD
US DollarChinese Yuan1 USD = 7.998 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 146.920 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.688 GBP1 GBP = 1.453 EUR
EuroAustralian Dollar1 EUR = 1.679 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.427 CAD1 CAD = 0.701 EUR
EuroSwiss Franc1 EUR = 1.561 CHF1 CHF = 0.641 EUR
Pound SterlingAustralian Dollar1 GBP = 2.440 AUD1 AUD = 0.410 GBP
Pound SterlingCanadian Dollar1 GBP = 2.073 CAD1 CAD = 0.482 GBP
Pound SterlingSwiss Franc1 GBP = 2.268 CHF1 CHF = 0.441 GBP
Australian DollarCanadian Dollar1 AUD = 0.849 CAD1 CAD = 1.178 AUD
Australian DollarSwiss Franc1 AUD = 0.929 CHF1 CHF = 1.076 AUD

See what else happened on July 14, 2006