Financial news on June 26th, 2006

Business and Financial news
A Blogger Is Bounced From the Huffington Post

A blogger at The Huffington Post was fired after accusing a site staff member of posting negative comments on his blog entries. Read more..

By MARIA ASPAN - The New York Times

A Lesson for Parents on 'MySpace Madness'

If you really think MySpace is hazardous to your child's health, there should be an implicit lesson for you: "Tell Your Children." Read more..

By TOM ZELLER Jr - The New York Times

Arcelor Deal With Mittal Establishes Steel Giant

The world's two largest steel companies have agreed to merge in a deal valued at more than $33.5 billion. Read more..


As Online Ads Grow, Eyeballs Are Valuable Again on the Web

Sites that help people shop for big-ticket items are popping up all over the Web, and online advertisers are taking notice. Read more..

By BOB TEDESCHI - The New York Times

At CNN, News That Plays to the Ratings

After dumping "Crossfire" last year, CNN's plan to eschew an agenda and focus on straight reporting has been beaten back by the brutal competition in cable news. Read more..

By DAVID CARR - The New York Times

Hey, Gay Spender, Marketers Spending Time With You

After years of seeking gay and lesbian consumers in the print media, advertisers are starting to broaden their efforts to TV, the Internet, radio and even movies. Read more..

By STUART ELLIOTT - The New York Times

Microsoft Plans to Blend Phones With Computers

Microsoft needs to convince corporations to buy its software at a time when Web services are becoming increasingly popular. Read more..

By JOHN MARKOFF - The New York Times

New Settlement on Plavix Patent

Bristol-Myers Squibb and Sanofi-Aventis are suing Apotex, a generic drug maker, to keep a generic version of their lucrative blood thinner Plavix off the market. Read more..

By BLOOMBERG NEWS - The New York Times

Skip the Sitter, and Feed Your Virtual Pet by Cellphone

A cellphone version of MTV's Neopets Web site will let users interact with the same pets whether they play on a computer or on their phone. Read more..

By MATT RICHTEL - The New York Times

Stock Offerings This Week

The following equity and convertible debt offerings are expected this week:. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL14.8714.9314.5214.6732.6M
Cisco SystemsCSCO19.5619.7019.4919.6021.1M
General ElectricGE33.1833.2732.9233.2119.4M
Johnson & JohnsonJNJ59.5160.2659.5060.2115.5M
AT&T Inc.T27.3227.5327.1927.3311.3M
JPMorgan ChaseJPM40.6741.5040.6141.5011.2M
HP Inc.HPQ32.9033.2032.3032.4910.9M
Verizon CommunicationsVZ32.8432.9932.7032.7810.1M
Walt Disney & Co.DIS29.0729.7529.0629.679.53M
Bristol-Myers SquibbBMY25.5125.8425.2225.727.57M
Home DepotHD36.2636.8036.2536.647.5M
Wal-Mart StoresWMT48.0948.2047.8048.076.78M
Abbott LaboratoriesABT42.0042.1941.5742.036.39M
Procter & GamblePG55.7456.0055.2655.995.62M
UnitedHealth GroupUNH45.1145.7044.6544.944.39M
Wells Fargo & Co.WFC65.6065.9865.2765.853.56M
International Business MachinesIBM77.0477.5276.8077.153.45M
United TechnologiesUTX62.1962.5061.7862.242.31M
Gilead SciencesGILD55.5055.8455.1055.792.11M
Union PacificUNP89.0089.3287.9589.011.5M
Berkshire HathawayBRK.B3062.003064.002983.003043.0032.4K
Exchange Rates of June 26th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.250 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.123 CAD1 CAD = 0.891 USD
US DollarSwiss Franc1 USD = 1.242 CHF1 CHF = 0.805 USD
US DollarChinese Yuan1 USD = 8.000 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 146.290 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.690 GBP1 GBP = 1.449 EUR
EuroAustralian Dollar1 EUR = 1.719 AUD1 AUD = 0.582 EUR
EuroCanadian Dollar1 EUR = 1.413 CAD1 CAD = 0.708 EUR
EuroSwiss Franc1 EUR = 1.563 CHF1 CHF = 0.640 EUR
Pound SterlingAustralian Dollar1 GBP = 2.491 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 2.047 CAD1 CAD = 0.489 GBP
Pound SterlingSwiss Franc1 GBP = 2.264 CHF1 CHF = 0.442 GBP
Australian DollarCanadian Dollar1 AUD = 0.822 CAD1 CAD = 1.217 AUD
Australian DollarSwiss Franc1 AUD = 0.909 CHF1 CHF = 1.100 AUD

See what else happened on June 26th, 2006