Financial news on May 23, 2006

Business and Financial news
A Deal Is Said to Be Close for 2 Papers in Philadelphia

Details remain unresolved and a bid by a group of investors to buy The Philadelphia Inquirer and The Daily News could still fall through, a person close to the negotiations said. Read more..

By KATHARINE Q. SEELYE and JULIE BOSMAN - The New York Times

An Internet Phone Pioneer, Poised to Go Public, Has Rivals at Its Heels

While Vonage is still the largest Internet phone company, Time Warner, Cablevision, Cox and others are rapidly catching up. Read more..

By KEN BELSON and MATT RICHTEL - The New York Times

Big Board Bids for Exchanges Across Europe

A combined New York Stock Exchange and Euronext could draw new pools of investors to their listed companies. Read more..

By JENNY ANDERSON and HEATHER TIMMONS - The New York Times

Google Moves to Sell Space for Video Spots on Network of Web Sites

Google is introducing a new service that will place video commercials on the many Web sites where it sells advertising. Read more..

By SAUL HANSELL - The New York Times

Lawyer Pleads Guilty to Funneling Money

A Los Angeles lawyer pleaded guilty to a tax charge related to claims that he funneled money to a client of a law firm that was indicted for paying kickbacks. Read more..

By BLOOMBERG NEWS - The New York Times

Lay Says He May Have Broken Law on Bank Loans

The former chief executive of Enron, Kenneth L. Lay, said that he never intended to defraud banks or lie to them. Read more..

By VIKAS BAJAJ - The New York Times

Memo Pad

AIRPORT CROWDS Domestic airports are more crowded than ever, so book early and arrive early as the peak summer travel season approaches. More than 1.52 billion passengers traveled through airports in North America in 2005, according to the Airport... Read more..

By JOE SHARKEY - The New York Times

Wal-Mart Selling Stores and Leaving South Korea

Wal-Mart Stores became the latest global brand to flounder in an economy with some of the most demanding consumers. Read more..

By CHOE SANG-HUN, International Herald Tribune - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC18,1318,2717,8917,9589.3M
MicrosoftMSFT23,1123,3822,7722,7980M
Cisco SystemsCSCO20,6220,9320,3720,3751.1M
PfizerPFE23,9124,1323,7223,9929.5M
Oracle Corp.ORCL13,5613,6413,4413,4727.2M
AppleAAPL64,8665,1963,0063,1524.8M
General ElectricGE34,1034,2233,9134,0122.3M
ExxonMobilXOM61,3061,7260,1960,3919.8M
AlphabetGOOGL374,21383,88373,56375,5817.9M
HP Inc.HPQ32,5733,0532,0032,1114.8M
ConocoPhillipsCOP63,8564,9762,0062,7014.7M
AT&T Inc.T25,4525,5625,0125,2513.4M
JPMorgan ChaseJPM42,7442,8942,1242,1713.2M
UnitedHealth GroupUNH43,7644,1442,5042,8212.1M
Verizon CommunicationsVZ30,9231,3230,7530,8711.9M
SchlumbergerSLB64,7066,2463,8463,8711.8M
MerckMRK34,2734,6034,0134,4411.5M
Wal-Mart StoresWMT47,6047,9947,5047,5211M
Home DepotHD38,5738,7037,7537,8410.8M
ComcastCMCSA31,3331,7831,0431,1110.6M
Walt Disney & Co.DIS30,1030,4529,9530,2310.5M
Johnson & JohnsonJNJ60,1560,5559,9760,0010.3M
Procter & GamblePG54,3154,9954,0654,499.51M
AmazonAMZN35,0036,0033,7633,768.82M
AmgenAMGN68,1968,5066,8566,858.58M
ChevronCVX58,8159,6057,8558,108.48M
Abbott LaboratoriesABT41,8041,9841,6341,747.99M
Coca-ColaKO43,7343,7743,5243,586.85M
AltriaMO71,4071,4770,9070,915.32M
Bristol-Myers SquibbBMY23,8724,2023,7623,995.29M
McDonald'sMCD34,0334,1333,5333,535.21M
International Business MachinesIBM80,2581,3079,0079,835.01M
PepsicoPEP59,6560,1359,5559,735.01M
Wells Fargo & Co.WFC67,0267,6866,7466,894.93M
Gilead SciencesGILD55,2555,7553,5953,774.35M
BoeingBA86,0486,7085,1585,154.04M
United TechnologiesUTX62,9863,3562,4962,493.59M
3MMMM83,6084,0283,0183,442.78M
Union PacificUNP93,0094,1591,9491,941.49M
Berkshire HathawayBRK.B3083,003083,003020,003039,0023.9K
Exchange Rates of May 23, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111,890 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,124 CAD1 CAD = 0,890 USD
US DollarSwiss Franc1 USD = 1,210 CHF1 CHF = 0,827 USD
US DollarChinese Yuan1 USD = 8,018 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 143,340 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,682 GBP1 GBP = 1,467 EUR
EuroAustralian Dollar1 EUR = 1,705 AUD1 AUD = 0,586 EUR
EuroCanadian Dollar1 EUR = 1,440 CAD1 CAD = 0,695 EUR
EuroSwiss Franc1 EUR = 1,549 CHF1 CHF = 0,645 EUR
Japanese YenPound Sterling1 JPY = 0,477 GBP1 GBP = 2,099 JPY
Japanese YenSwiss Franc1 JPY = 1,084 CHF1 CHF = 0,922 JPY
Pound SterlingAustralian Dollar1 GBP = 2,502 AUD1 AUD = 0,400 GBP
Pound SterlingCanadian Dollar1 GBP = 2,112 CAD1 CAD = 0,474 GBP
Pound SterlingSwiss Franc1 GBP = 2,273 CHF1 CHF = 0,440 GBP
Australian DollarCanadian Dollar1 AUD = 0,844 CAD1 CAD = 1,185 AUD
Australian DollarSwiss Franc1 AUD = 0,908 CHF1 CHF = 1,101 AUD

See what else happened on May 23, 2006