Financial news on June 16, 2006

Business and Financial news
7 Tribune Directors Say Call for Breakup Is Power Play

The independent directors threw their support behind the embattled chief executive, dismissing a call to break up the company. Read more..

By RICHARD SIKLOS - The New York Times

EMI Agrees to Fine to Resolve Payola Case

The music giant agreed to pay $3.75 million to resolve accusations of paying radio programmers to play specific songs. Read more..

By JEFF LEEDS - The New York Times

Gates to Cede Software Reins

The move, analysts said, points to the changes sweeping the software industry. Read more..

By JOHN MARKOFF and STEVE LOHR - The New York Times

In Asia, Executives Earn Much Less

In Asia, some companies are starting to mimic United States pay practices, but salaries in Japan and China, remain far below those of C.E.Os in the U.S. Read more..

By MARTIN FACKLER and DAVID BARBOZA - The New York Times

JWT Puts a 'Roadblock' on Huffington Post

JWT, the oldest advertising agency in the U.S., wants to show that it is modern enough to compete in the nontraditional category that has obsessed the advertising industry. Read more..

By JULIE BOSMAN - The New York Times

Oracle Exceeds Forecasts

The Oracle Corporation said that fourth-quarter profit and revenue exceeded forecasts on rising sales of database licenses. Read more..

By BLOOMBERG NEWS - The New York Times

Stocks Soar as Fed Chief Eases Fears on Inflation

Stocks gained for a second day after five tumultuous weeks in which they gave back all of their gains for the year. Read more..

By VIKAS BAJAJ - The New York Times

The Lure of the In-House Job

Companies are more interested than ever in looking outside the company for prominent lawyers, particularly those in high positions in government. Read more..

By KAREN DONOVAN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 21.97 22.28 21.79 22.10 148M
Oracle Corp. ORCL 14.47 14.92 14.09 14.19 116M
Intel INTC 18.06 18.47 18.04 18.30 83.7M
Cisco Systems CSCO 20.17 20.22 19.90 19.98 41.2M
HP Inc. HPQ 32.25 33.25 31.90 33.04 36.2M
General Electric GE 34.01 34.01 33.65 33.93 33.9M
Pfizer PFE 23.50 23.65 23.24 23.43 31M
Apple AAPL 58.96 59.19 57.52 57.56 29.9M
ExxonMobil XOM 58.76 59.49 58.17 58.80 27.8M
Comcast CMCSA 32.33 32.98 32.08 32.79 20.1M
AT&T Inc. T 27.70 27.90 27.66 27.79 19.8M
Wal-Mart Stores WMT 48.56 49.16 48.20 48.31 16.7M
Amgen AMGN 67.19 67.62 66.77 66.82 16.7M
JPMorgan Chase JPM 40.47 40.70 40.01 40.16 15.8M
Verizon Communications VZ 32.10 32.63 32.03 32.54 15.7M
Home Depot HD 37.30 37.68 36.86 36.91 15.1M
ConocoPhillips COP 61.30 61.75 60.20 61.17 14.6M
Walt Disney & Co. DIS 29.19 29.54 29.05 29.45 12.7M
Chevron CVX 59.27 59.31 58.10 58.71 12.5M
Johnson & Johnson JNJ 61.30 61.75 61.30 61.68 11.6M
Procter & Gamble PG 54.89 55.70 54.83 55.02 10.8M
Alphabet GOOGL 389.10 390.93 388.00 390.70 10.6M
Altria MO 70.48 71.44 70.14 70.88 10.5M
Schlumberger SLB 58.73 58.95 57.40 58.25 10.5M
Merck MRK 34.43 34.75 34.09 34.41 9.5M
Abbott Laboratories ABT 42.72 42.94 42.58 42.78 9.3M
Coca-Cola KO 43.11 43.37 42.93 43.21 8.38M
International Business Machines IBM 78.26 78.53 77.57 77.95 8.13M
UnitedHealth Group UNH 44.90 44.99 44.20 44.29 7.27M
Bristol-Myers Squibb BMY 25.11 25.29 25.08 25.18 6.91M
Pepsico PEP 59.38 60.00 59.38 59.70 6.2M
McDonald's MCD 33.30 33.35 32.94 33.14 6.04M
Boeing BA 85.10 85.85 84.75 85.54 6.02M
United Technologies UTX 60.90 62.11 60.70 61.75 6M
Wells Fargo & Co. WFC 66.57 66.92 66.20 66.65 5.98M
Amazon AMZN 34.88 35.26 34.70 35.09 5.14M
Gilead Sciences GILD 58.31 58.75 57.56 57.86 4.59M
3M MMM 80.98 81.15 80.31 80.51 3.51M
Union Pacific UNP 90.18 90.18 88.57 89.76 1.98M
Berkshire Hathaway BRK.B 3054.00 3059.00 3041.00 3056.00 9.7K
Exchange Rates of June 16, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 115.110 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.122 CAD 1 CAD = 0.891 USD
US Dollar Swiss Franc 1 USD = 1.231 CHF 1 CHF = 0.812 USD
US Dollar Chinese Yuan 1 USD = 7.998 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 145.470 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.683 GBP 1 GBP = 1.464 EUR
Euro Australian Dollar 1 EUR = 1.710 AUD 1 AUD = 0.585 EUR
Euro Canadian Dollar 1 EUR = 1.418 CAD 1 CAD = 0.705 EUR
Euro Swiss Franc 1 EUR = 1.555 CHF 1 CHF = 0.643 EUR
Pound Sterling Australian Dollar 1 GBP = 2.502 AUD 1 AUD = 0.400 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.075 CAD 1 CAD = 0.482 GBP
Pound Sterling Swiss Franc 1 GBP = 2.276 CHF 1 CHF = 0.439 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.829 CAD 1 CAD = 1.207 AUD
Australian Dollar Swiss Franc 1 AUD = 0.909 CHF 1 CHF = 1.100 AUD

See what else happened on June 16, 2006