Financial news on June 29, 2006

Business and Financial news
Anadarko to Sell Canadian Subsidiary

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Estate Tax Bill Could Hurt Charities

If a bill approved by the House becomes law, charities may find it harder to get donations and some heirs may have to wait longer to collect inheritances. Read more..

By FLOYD NORRIS - The New York Times

Former P. & G. Chief Named Disney Chairman

The Walt Disney Company announced that John E. Pepper Jr., who joined Disney's board early this year, had been appointed nonexecutive chairman. Read more..

By LAURA M. HOLSON - The New York Times

Google Aims to Speed the Online Checkout Line

In its quest to "organize the world's information," Google now wants to keep track of your credit card number and where you live. Read more..

By SAUL HANSELL - The New York Times

Looking for the Incentives That Will Prompt Americans to Save More

Economists are in almost universal agreement that Americans save too little, and several policies have been proposed with the goal of encouraging them to save more. Read more..

By HAL R. VARIAN - The New York Times

Netflix, Thy Name Is Customer Service

I've switched my membership from Netflix to Blockbuster's DVD-by-mail service, but I have to tell you a Netflix customer service story that made my mind boggle. Read more..

By DAVID POGUE - The New York Times

New German Rule Could Increase Greenhouse Gas Emissions

The German cabinet decided to exclude the coal industry from the E.U.'s carbon trading program— a move that is expected to be challenged. Read more..

By JUDY DEMPSEY - The New York Times

Panel Is Told S.E.C. Stopped a Hedge Fund Inquiry

A former investigator told Congress how senior S.E.C. officials gave in to political pressure and stopped his investigation of a prominent hedge fund. Read more..

By WALT BOGDANICH - The New York Times

Russia Consolidating Nuclear Power Operations

Russia has unveiled details of a plan to reorganize the country's myriad nuclear power plants, agencies, institutes and departments into a single state company. Read more..

By STEVEN LEE MYERS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL14.6114.8614.4014.7452.4M
Cisco SystemsCSCO19.4320.0019.3119.9143.7M
General ElectricGE32.9833.2832.8833.2728.4M
Home DepotHD36.1536.5635.8536.4620.2M
JPMorgan ChaseJPM41.6842.8641.6142.6817.3M
AT&T Inc.T27.5827.7927.4227.7017.3M
HP Inc.HPQ31.7032.0531.3832.0313.3M
Verizon CommunicationsVZ32.8833.4432.6533.3011.5M
Walt Disney & Co.DIS29.5830.0729.4929.8811.2M
Wal-Mart StoresWMT48.1148.7247.9148.7111M
Abbott LaboratoriesABT42.3942.9842.2042.9010.9M
Procter & GamblePG56.2457.0055.8256.9910.3M
Bristol-Myers SquibbBMY25.6525.7925.4125.709.39M
Johnson & JohnsonJNJ59.2560.1559.1059.898.49M
Gilead SciencesGILD56.5059.0356.3358.957.14M
International Business MachinesIBM76.6677.8076.5677.595.45M
UnitedHealth GroupUNH45.8045.8244.4345.015.4M
Wells Fargo & Co.WFC66.2567.7865.2667.404.97M
United TechnologiesUTX61.5063.5461.5063.293.76M
Union PacificUNP89.9591.6688.5091.542.15M
Berkshire HathawayBRK.B3070.003074.003040.003065.008.1K
Exchange Rates of June 29, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.000 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.110 CAD1 CAD = 0.901 USD
US DollarSwiss Franc1 USD = 1.236 CHF1 CHF = 0.809 USD
US DollarChinese Yuan1 USD = 7.995 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 145.660 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.693 GBP1 GBP = 1.443 EUR
EuroAustralian Dollar1 EUR = 1.715 AUD1 AUD = 0.583 EUR
EuroCanadian Dollar1 EUR = 1.406 CAD1 CAD = 0.711 EUR
EuroSwiss Franc1 EUR = 1.566 CHF1 CHF = 0.639 EUR
Pound SterlingAustralian Dollar1 GBP = 2.473 AUD1 AUD = 0.404 GBP
Pound SterlingCanadian Dollar1 GBP = 2.028 CAD1 CAD = 0.493 GBP
Pound SterlingSwiss Franc1 GBP = 2.259 CHF1 CHF = 0.443 GBP
Australian DollarCanadian Dollar1 AUD = 0.820 CAD1 CAD = 1.220 AUD
Australian DollarSwiss Franc1 AUD = 0.913 CHF1 CHF = 1.096 AUD

See what else happened on June 29, 2006