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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.13 18.27 17.89 17.95 89.3M
Microsoft MSFT 23.11 23.38 22.77 22.79 80M
Cisco Systems CSCO 20.62 20.93 20.37 20.37 51.1M
Pfizer PFE 23.91 24.13 23.72 23.99 29.5M
Oracle Corp. ORCL 13.56 13.64 13.44 13.47 27.2M
Apple AAPL 64.86 65.19 63.00 63.15 24.8M
General Electric GE 34.10 34.22 33.91 34.01 22.3M
ExxonMobil XOM 61.30 61.72 60.19 60.39 19.8M
Alphabet GOOGL 374.21 383.88 373.56 375.58 17.9M
HP Inc. HPQ 32.57 33.05 32.00 32.11 14.8M
ConocoPhillips COP 63.85 64.97 62.00 62.70 14.7M
AT&T Inc. T 25.45 25.56 25.01 25.25 13.4M
JPMorgan Chase JPM 42.74 42.89 42.12 42.17 13.2M
UnitedHealth Group UNH 43.76 44.14 42.50 42.82 12.1M
Verizon Communications VZ 30.92 31.32 30.75 30.87 11.9M
Schlumberger SLB 64.70 66.24 63.84 63.87 11.8M
Merck MRK 34.27 34.60 34.01 34.44 11.5M
Wal-Mart Stores WMT 47.60 47.99 47.50 47.52 11M
Home Depot HD 38.57 38.70 37.75 37.84 10.8M
Comcast CMCSA 31.33 31.78 31.04 31.11 10.6M
Walt Disney & Co. DIS 30.10 30.45 29.95 30.23 10.5M
Johnson & Johnson JNJ 60.15 60.55 59.97 60.00 10.3M
Procter & Gamble PG 54.31 54.99 54.06 54.49 9.51M
Amazon AMZN 35.00 36.00 33.76 33.76 8.82M
Amgen AMGN 68.19 68.50 66.85 66.85 8.58M
Chevron CVX 58.81 59.60 57.85 58.10 8.48M
Abbott Laboratories ABT 41.80 41.98 41.63 41.74 7.99M
Coca-Cola KO 43.73 43.77 43.52 43.58 6.85M
Altria MO 71.40 71.47 70.90 70.91 5.32M
Bristol-Myers Squibb BMY 23.87 24.20 23.76 23.99 5.29M
McDonald's MCD 34.03 34.13 33.53 33.53 5.21M
International Business Machines IBM 80.25 81.30 79.00 79.83 5.01M
Pepsico PEP 59.65 60.13 59.55 59.73 5.01M
Wells Fargo & Co. WFC 67.02 67.68 66.74 66.89 4.93M
Gilead Sciences GILD 55.25 55.75 53.59 53.77 4.35M
Boeing BA 86.04 86.70 85.15 85.15 4.04M
United Technologies UTX 62.98 63.35 62.49 62.49 3.59M
3M MMM 83.60 84.02 83.01 83.44 2.78M
Union Pacific UNP 93.00 94.15 91.94 91.94 1.49M
Berkshire Hathaway BRK.B 3083.00 3083.00 3020.00 3039.00 23.9K
Exchange Rates of May 23, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 111.890 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.124 CAD 1 CAD = 0.890 USD
US Dollar Swiss Franc 1 USD = 1.210 CHF 1 CHF = 0.827 USD
US Dollar Chinese Yuan 1 USD = 8.018 CNY 1 CNY = 0.125 USD
Euro Japanese Yen 1 EUR = 143.340 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.682 GBP 1 GBP = 1.467 EUR
Euro Australian Dollar 1 EUR = 1.705 AUD 1 AUD = 0.586 EUR
Euro Canadian Dollar 1 EUR = 1.440 CAD 1 CAD = 0.695 EUR
Euro Swiss Franc 1 EUR = 1.549 CHF 1 CHF = 0.645 EUR
Japanese Yen Pound Sterling 1 JPY = 0.477 GBP 1 GBP = 2.099 JPY
Japanese Yen Swiss Franc 1 JPY = 1.084 CHF 1 CHF = 0.922 JPY
Pound Sterling Australian Dollar 1 GBP = 2.502 AUD 1 AUD = 0.400 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.112 CAD 1 CAD = 0.474 GBP
Pound Sterling Swiss Franc 1 GBP = 2.273 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.844 CAD 1 CAD = 1.185 AUD
Australian Dollar Swiss Franc 1 AUD = 0.908 CHF 1 CHF = 1.101 AUD

See what else happened on May 23, 2006