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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 22.28 22.55 22.23 22.29 67.5M
Intel INTC 17.72 18.10 17.68 17.88 65.4M
General Electric GE 32.29 32.37 32.06 32.11 49.2M
Oracle Corp. ORCL 14.05 14.39 13.93 14.29 40.1M
Cisco Systems CSCO 18.02 18.22 17.77 17.94 39.9M
Apple AAPL 52.50 52.89 50.16 50.67 35.5M
Pfizer PFE 22.87 22.87 22.16 22.42 28.4M
ExxonMobil XOM 64.57 65.00 63.97 64.90 21.5M
Wal-Mart Stores WMT 43.93 44.03 42.81 43.05 20.1M
AT&T Inc. T 26.53 26.79 26.47 26.58 17.9M
Home Depot HD 33.96 34.37 33.62 33.84 16.3M
HP Inc. HPQ 31.07 31.27 30.71 30.76 15.8M
Alphabet GOOGL 410.33 411.49 398.61 403.50 15.1M
Chevron CVX 65.48 66.79 65.44 66.38 14.9M
ConocoPhillips COP 67.70 67.89 66.26 67.45 10.9M
Walt Disney & Co. DIS 28.55 28.70 28.15 28.49 10.7M
JPMorgan Chase JPM 41.25 41.51 40.61 40.89 10.4M
Merck MRK 36.95 37.06 35.76 36.15 10.4M
Abbott Laboratories ABT 43.87 44.31 43.85 44.01 9.91M
Procter & Gamble PG 56.29 56.36 55.25 55.66 8.96M
Schlumberger SLB 67.05 68.12 65.28 68.07 8.86M
Amgen AMGN 65.40 65.65 64.23 64.35 8.47M
Amazon AMZN 33.51 33.73 32.80 32.92 8.09M
Verizon Communications VZ 31.81 31.92 31.54 31.62 8.04M
United Technologies UTX 61.44 61.47 58.30 58.81 7.6M
Johnson & Johnson JNJ 60.31 61.06 60.15 60.46 7.53M
Altria MO 76.95 77.64 76.55 77.39 7.47M
Comcast CMCSA 31.40 31.63 31.00 31.05 7.21M
International Business Machines IBM 74.24 74.30 73.37 73.57 6.96M
Coca-Cola KO 43.00 43.18 42.37 42.65 6.89M
Boeing BA 79.59 79.60 76.89 77.25 5.44M
UnitedHealth Group UNH 47.86 47.91 46.97 47.55 5.04M
McDonald's MCD 32.96 33.13 32.75 33.04 5.02M
Pepsico PEP 62.00 62.10 61.51 61.80 4.96M
3M MMM 71.66 71.97 70.88 71.22 4.35M
Bristol-Myers Squibb BMY 24.70 24.88 24.42 24.56 4.08M
Wells Fargo & Co. WFC 67.99 68.14 67.50 67.77 3.98M
Gilead Sciences GILD 61.25 61.32 59.15 59.91 3.59M
Union Pacific UNP 87.45 87.75 85.15 86.16 1.54M
Berkshire Hathaway BRK.B 3000.00 3000.00 2979.00 2995.00 16.4K
Exchange Rates of July 14, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.200 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.128 CAD 1 CAD = 0.886 USD
US Dollar Swiss Franc 1 USD = 1.235 CHF 1 CHF = 0.810 USD
US Dollar Chinese Yuan 1 USD = 7.998 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 146.920 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.688 GBP 1 GBP = 1.453 EUR
Euro Australian Dollar 1 EUR = 1.679 AUD 1 AUD = 0.596 EUR
Euro Canadian Dollar 1 EUR = 1.427 CAD 1 CAD = 0.701 EUR
Euro Swiss Franc 1 EUR = 1.561 CHF 1 CHF = 0.641 EUR
Pound Sterling Australian Dollar 1 GBP = 2.440 AUD 1 AUD = 0.410 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.073 CAD 1 CAD = 0.482 GBP
Pound Sterling Swiss Franc 1 GBP = 2.268 CHF 1 CHF = 0.441 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.849 CAD 1 CAD = 1.178 AUD
Australian Dollar Swiss Franc 1 AUD = 0.929 CHF 1 CHF = 1.076 AUD

See what else happened on July 14, 2006