Financial news on May 17, 2006

Business and Financial news
A Prominent Law Firm Prepares for Indictment

The firm of Milberg Weiss Bershad & Schulman may face an indictment in connection with a six-year investigation into illegal payments to clients. Read more..

By JULIE CRESWELL - The New York Times

Bar the Door. TV Ads Want Your TiVo.

Since "24" made its debut in 2001, my wife and I have missed just one episode, yet I don't think we have seen a commercial in three years. Read more..

By DAVID LEONHARDT - The New York Times

Bertelsmann's Moment of Truth

Executives expect to get a letter from their sole outside shareholder calling on them to take the influential privately owned German media company public. Read more..

By MARK LANDLER and DOREEN CARVAJAL - The New York Times

Chief Says Sun Plans to Offer Open-Source Version of Java

The move provides further evidence that Sun's new management sees it as more of a services company than a network computer maker. Read more..

By LAURIE J. FLYNN - The New York Times

Fiery Plea by Defense in Houston

Defense lawyers portrayed their clients as passionate men guilty of no more than their supreme belief that they could turn Enron into an energy colossus. Read more..

By ALEXEI BARRIONUEVO and SIMON ROMERO - The New York Times

Higher Airbus Sales Lift Profit at EADS

The earnings news came as Airbus, which is based in Toulouse, France, prepares for a radical redesign of the A350 to try to placate potential customers. Read more..

By NICOLA CLARK - The New York Times

Honda Plans a New U.S. Plant, and Indiana Craves It

Gov. Mitch Daniels of Indiana confirmed Tuesday that the state was actively trying to win a Honda factory. Read more..

By MICHELINE MAYNARD - The New York Times

Magazine's Managing Editor Is Shifting to Post at Time Inc.

Jim Kelly, the managing editor of Time magazine, is moving upstairs in the Time-Life hierarchy. Read more..

By KATHARINE Q. SEELYE - The New York Times

TV Is Getting to Look More Like the Movies

Many new series are seeking to emulate theatrical films, with higher production costs, more complex plot lines and more complicated characters. Read more..

By STUART ELLIOTT - The New York Times

Wholesale Prices and Housing Data Cool Inflation Worry

Two economic reports indicated Tuesday that wholesale prices remained tame and the housing market continued to cool. Read more..

By VIKAS BAJAJ - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT22.8923.0822.7322.7398.6M
IntelINTC18.9619.0218.6518.6683.4M
Cisco SystemsCSCO19.9920.3519.9620.1860.3M
Oracle Corp.ORCL14.0814.1113.7513.8548M
HP Inc.HPQ32.1032.7231.8632.1633.8M
PfizerPFE24.7024.9524.1524.2730.7M
Home DepotHD38.2738.4037.3038.0129.1M
AppleAAPL64.7165.7064.0765.2626.9M
ExxonMobilXOM61.4561.7459.9460.1826.2M
General ElectricGE34.6234.8534.4034.4225.5M
AlphabetGOOGL370.61379.84370.22374.5021.3M
AT&T Inc.T25.6725.6824.9125.1017.6M
ConocoPhillipsCOP64.6565.4362.8563.1516.6M
Wal-Mart StoresWMT47.5947.6846.8346.8415.5M
Walt Disney & Co.DIS30.2830.3029.6529.7615.5M
Verizon CommunicationsVZ31.5031.5430.5630.8115.4M
MerckMRK34.8635.5134.1834.3415.1M
Johnson & JohnsonJNJ60.0060.7959.9560.1313.7M
ComcastCMCSA32.0732.2031.6931.7713.7M
JPMorgan ChaseJPM44.0544.0543.0943.2513M
ChevronCVX60.0260.9358.2858.9411M
Abbott LaboratoriesABT42.3443.0041.7941.8311M
Procter & GamblePG55.5655.9255.2555.3310.1M
Coca-ColaKO43.7643.9743.2043.559.93M
SchlumbergerSLB66.2567.3665.0265.939.59M
UnitedHealth GroupUNH47.0047.6846.2046.898.63M
AltriaMO71.7072.1570.4871.018.45M
AmgenAMGN68.8769.6068.1368.377.71M
AmazonAMZN32.4532.7031.5331.616.7M
McDonald'sMCD34.5334.7634.4334.566.57M
International Business MachinesIBM81.8582.2181.0281.275.94M
Bristol-Myers SquibbBMY24.4024.7124.0524.135.65M
PepsicoPEP59.2260.0059.1659.655.31M
BoeingBA86.4086.4083.2883.775.27M
Wells Fargo & Co.WFC67.5567.9066.1566.475.09M
Gilead SciencesGILD56.3156.7555.2155.804.74M
United TechnologiesUTX64.8564.9363.0163.754.74M
3MMMM85.9085.9784.1284.424.16M
Union PacificUNP93.4094.5592.6293.212.34M
Berkshire HathawayBRK.B3010.003030.003005.003025.0040.2K
Exchange Rates of May 17, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111.100 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.115 CAD1 CAD = 0.897 USD
US DollarSwiss Franc1 USD = 1.216 CHF1 CHF = 0.823 USD
US DollarChinese Yuan1 USD = 7.999 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 141.370 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.677 GBP1 GBP = 1.478 EUR
EuroAustralian Dollar1 EUR = 1.679 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.419 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.547 CHF1 CHF = 0.646 EUR
Pound SterlingAustralian Dollar1 GBP = 2.480 AUD1 AUD = 0.403 GBP
Pound SterlingCanadian Dollar1 GBP = 2.095 CAD1 CAD = 0.477 GBP
Pound SterlingSwiss Franc1 GBP = 2.285 CHF1 CHF = 0.438 GBP
Australian DollarCanadian Dollar1 AUD = 0.844 CAD1 CAD = 1.185 AUD
Australian DollarSwiss Franc1 AUD = 0.921 CHF1 CHF = 1.086 AUD

See what else happened on May 17, 2006