Financial news on June 14th, 2006

Business and Financial news
A Clash of Newspaper Legacies

Chandler and McCormick are proud names in newspaper history; now the heirs are locked in a showdown over the direction of the Tribune Company. Read more..

By RICHARD SIKLOS - The New York Times

Airbus Faces a New Delay in Delivery of Its Biggest Jet

Airbus said that it would produce only nine of its giant new A380 jets next year because of numerous design changes. Read more..

By MATTHEW L. WALD - The New York Times

British Publishers Seek Exclusive Rights to Sell English-Language Books in Europe

The arcane trade issue has returned as British publishers complain about what they see as a new threat on their home turf. Read more..

By MOTOKO RICH - The New York Times

Core Producer Prices Rise a Little More Than Forecast

Retail sales were essentially flat in the latest set of economic data to suggest that inflation is creeping higher and the economy is slowing down. Read more..

By JEREMY W. PETERS - The New York Times

Finally, Face to Face on a Steel Merger

Meetings scheduled for Tuesday and Wednesday will be the first time managers from Mittal Steel and Arcelor meet face to face to talk about a deal. Read more..

By HEATHER TIMMONS - The New York Times

Hey, Kid, You Want to Buy a Toyota Scion?

Toyota is counting on children to influence their parents' car purchases and maybe grow up with some Toyota brand loyalty. Read more..

By JULIE BOSMAN - The New York Times

Ontario Revives Nuclear Power Plan

Ontario announced a plan to spend about 20 billion Canadian dollars ($18 billion) to build reactors and refurbish some current units. Read more..

By IAN AUSTEN - The New York Times

Philip Merrill, 72, Publisher and Ex-Diplomat, Is Dead

Philip Merrill was an Annapolis publisher and former diplomat who has been missing since he set out for a solitary sail on Saturday afternoon. Read more..

By GARY GATELY - The New York Times

Qualcomm Raises Profit and Sales Estimates a Second Time

The maker of chips for mobile phones raised its third-quarter profit and sales forecasts citing unexpectedly high consumer demand for new phones. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO19,4019,7619,3619,6140.6M
Oracle Corp.ORCL13,1513,2913,0713,1927.4M
General ElectricGE33,7033,9933,6633,9024.1M
AT&T Inc.T26,9727,1926,9127,1717M
JPMorgan ChaseJPM40,5040,8539,3339,9716.9M
Walt Disney & Co.DIS28,0028,8027,9528,6915.1M
HP Inc.HPQ29,8830,1529,7530,1412.6M
Home DepotHD36,1336,8136,1236,7511.1M
Abbott LaboratoriesABT42,2042,9542,1942,7010.7M
Wal-Mart StoresWMT47,5047,9047,3747,7110.4M
Verizon CommunicationsVZ31,4431,6431,3031,6210.1M
Johnson & JohnsonJNJ61,2861,3860,9661,258.97M
Procter & GamblePG54,0054,9353,7954,838.76M
Bristol-Myers SquibbBMY24,7724,9024,5424,757.8M
Wells Fargo & Co.WFC67,0167,1765,3566,537.76M
International Business MachinesIBM77,1077,8576,9377,716.04M
UnitedHealth GroupUNH44,7645,2744,5544,985.95M
Gilead SciencesGILD56,8057,3455,8856,943.97M
United TechnologiesUTX59,3059,8758,9059,623.65M
Union PacificUNP86,2388,0886,2387,591.37M
Berkshire HathawayBRK.B3007,003011,002993,003005,0021.6K
Exchange Rates of June 14th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114,960 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,113 CAD1 CAD = 0,899 USD
US DollarSwiss Franc1 USD = 1,231 CHF1 CHF = 0,812 USD
US DollarChinese Yuan1 USD = 8,000 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 144,870 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,684 GBP1 GBP = 1,463 EUR
EuroAustralian Dollar1 EUR = 1,709 AUD1 AUD = 0,585 EUR
EuroCanadian Dollar1 EUR = 1,402 CAD1 CAD = 0,713 EUR
EuroSwiss Franc1 EUR = 1,551 CHF1 CHF = 0,645 EUR
Pound SterlingAustralian Dollar1 GBP = 2,499 AUD1 AUD = 0,400 GBP
Pound SterlingCanadian Dollar1 GBP = 2,051 CAD1 CAD = 0,488 GBP
Pound SterlingSwiss Franc1 GBP = 2,268 CHF1 CHF = 0,441 GBP
Australian DollarCanadian Dollar1 AUD = 0,820 CAD1 CAD = 1,219 AUD
Australian DollarSwiss Franc1 AUD = 0,907 CHF1 CHF = 1,102 AUD

See what else happened on June 14th, 2006