Financial news on June 27, 2006

Business and Financial news
Chief Executive Is Ousted at Kraft Foods

With earnings growth lackluster and the share price stagnant, the directors of Kraft Food ousted the chief executive, Roger K. Deromedi. Read more..

By MELANIE WARNER - The New York Times

Citigroup Punishment Ends

In May 2004, Citigroup was fined $70 million and cited for weak controls and lying to banking regulators. Read more..

By BLOOMBERG NEWS - The New York Times

In Late Twist, Univision Accepts Bid

The board of Univision Communications agreed to sell the company for $11 billion to a private equity consortium. Read more..

By ANDREW ROSS SORKIN - The New York Times

Johnson & Johnson Buys Pfizer Unit for $16.6 Billion

Analysts said the move would make Johnson & Johnson the world's largest consumer health care company. Read more..

By STEPHANIE SAUL - The New York Times

Online Effort Is Planned Against Child Pornography

In the face of government pressure, a group of Internet companies is undertaking a cooperative effort to help combat child pornography online. Read more..

By SAUL HANSELL - The New York Times

Russian Politicians See Russophobia in Arcelor's Decision to Go With Mittal Steel

Russian politicians believe the oligarch Aleksei Mordashov lost the battle for the steel company Arcelor because of a bias against Russian businesses. Read more..

By HEATHER TIMMONS and ANDREW KRAMER - The New York Times

Supreme Court to Review Antitrust Case Against Phone Companies

The lawsuit accuses the nation's largest telephone companies of conspiring to carve up local markets to preserve their monopolies. Read more..

By STEPHEN LABATON - The New York Times

The Complaint Department Is Open for Business

In last week's column I suggested we hear more about readers' air-travel pet peeves. The response was impressive. Read more..

By JOE SHARKEY - The New York Times

Thousands of Devices for Hearts Are Recalled

Boston Scientific said that it was recalling 23,000 pacemakers and defibrillators and recommended that patients who already have the devices consult their doctors. Read more..

By BARNABY J. FEDER - The New York Times

Tools Can Catch Expense-Account Padders (and Make Filing Easier)

More companies are adopting sophisticated new technology to help track and crack down on employee expense accounts. Read more..

By PAUL BURNHAM FINNEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT22.8923.1622.8422.8684.8M
IntelINTC18.6518.7018.0518.0561.1M
Oracle Corp.ORCL14.6114.6714.3314.5041.9M
Cisco SystemsCSCO19.6319.7819.2719.3036.3M
ExxonMobilXOM59.0959.9158.9759.6527M
General ElectricGE33.2133.2732.8832.8823.6M
PfizerPFE23.0223.1122.7122.8021.5M
AppleAAPL59.0959.2257.4057.4319.7M
ConocoPhillipsCOP62.2364.0962.2362.7514.5M
JPMorgan ChaseJPM41.3041.5740.6940.8414.1M
HP Inc.HPQ32.5032.5931.9031.9413M
Verizon CommunicationsVZ32.7232.7932.4232.4410.5M
Johnson & JohnsonJNJ60.2260.2659.5159.5510.4M
Home DepotHD36.5536.7136.3036.3710M
AT&T Inc.T27.3927.4927.2927.359.87M
SchlumbergerSLB60.2561.0759.2859.659.25M
Walt Disney & Co.DIS29.5829.6529.3229.419.02M
AmgenAMGN64.3564.7863.9363.988.57M
Wal-Mart StoresWMT47.9548.2747.5747.638.42M
AlphabetGOOGL405.71408.00401.01402.328.21M
Abbott LaboratoriesABT42.1042.2341.4441.648.07M
ChevronCVX60.0061.3959.9660.107.79M
ComcastCMCSA31.5231.6830.9330.957.51M
Bristol-Myers SquibbBMY25.7325.7625.2225.297.42M
Procter & GamblePG55.9956.0055.2055.757.34M
AltriaMO72.5273.0371.6772.507.11M
MerckMRK34.9034.9834.6134.716.27M
Coca-ColaKO42.6942.7842.2742.516M
AmazonAMZN36.7237.5036.1736.485.64M
International Business MachinesIBM77.3277.6076.3276.635.6M
McDonald'sMCD32.5032.7932.4932.514.59M
UnitedHealth GroupUNH44.7244.9744.1744.224.39M
Wells Fargo & Co.WFC65.8065.8065.1465.144.11M
PepsicoPEP58.7159.5958.6559.113.5M
BoeingBA83.8584.2081.7681.933.21M
Gilead SciencesGILD55.8556.3354.7755.183.12M
3MMMM80.4080.9378.6278.702.53M
United TechnologiesUTX61.3462.4161.3461.402.52M
Union PacificUNP89.0189.8887.9988.161.49M
Berkshire HathawayBRK.B3040.003064.003040.003043.0023.4K
Exchange Rates of June 27, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.240 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.123 CAD1 CAD = 0.890 USD
US DollarSwiss Franc1 USD = 1.243 CHF1 CHF = 0.805 USD
US DollarChinese Yuan1 USD = 7.997 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 146.220 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.690 GBP1 GBP = 1.448 EUR
EuroAustralian Dollar1 EUR = 1.717 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 = 2.486 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 2.046 CAD1 CAD = 0.489 GBP
Pound SterlingSwiss Franc1 GBP = 2.264 CHF1 CHF = 0.442 GBP
Australian DollarCanadian Dollar1 AUD = 0.822 CAD1 CAD = 1.216 AUD
Australian DollarSwiss Franc1 AUD = 0.910 CHF1 CHF = 1.099 AUD

See what else happened on June 27, 2006