Financial news on May 29th, 2006

Business and Financial news
Cutting Sony, a Corporate Octopus, Back to a Rational Size

Sony has expanded into so many businesses in Japan and abroad that it has blurred its original identity as an engineering innovator. Read more..

By MARTIN FACKLER - The New York Times

Goldman Sachs Tries to Halt Sale of a Big Stake by Arcelor

The investment bank Goldman Sachs is trying to block Arcelor's plans to sell off a major stake to Severstal, a Russian company. Read more..

By HEATHER TIMMONS - The New York Times

In High School, Early to the Party

Brian Tierney, leader of the team that bought the Philadelphia Inquirer and The Daily News, became a Republican by happenstance. Read more..

By KATHARINE Q. SEELYE - The New York Times

Investor in Advertising Firms Makes His Move on a Rival

After installing himself at the advertising company Havas, French investor Vincent Bolloré is now moving on rival ad company Aegis in the hopes that he can merge the two. Read more..

By ERIC PFANNER - The New York Times

Michelin Seeks Continuity After the Death of a Leader

Édouard Michelin, the co-managing partner of Michelin, the tire maker, drowned Friday in a boating accident at age 42. Read more..

By JAMES KANTER - The New York Times

Pay Bills With a Click? More Americans Are Doing It and Banks Are Loving It

Banks recently made it free to pay bills through their Web sites, resulting in a boom in the number of bills viewed and paid online. Read more..

By BOB TEDESCHI - The New York Times

Questions in Canada, but Only Some Can Ask Them

Canada's prime minister is trying to use Washington-style tactics to control reporters, and Canada's press is fighting back. Read more..

By IAN AUSTEN - The New York Times

Rivalry or Alliance? Maybe a Bit of Both

EBay and Yahoo's new partnership will not sever the strong ties that exist between eBay and Google, Yahoo's chief rival. Read more..

By MARIA ASPAN - The New York Times

Soon, Maybe, He'll Have Even Less to Do

The advertising agency that created the character of the lonely Maytag repairman is about to be replaced. Read more..

By STUART ELLIOTT - The New York Times

Studios Turn Thumbs Down on Film Critics

The shrinking list of movies scheduled for review is an indication that the long marriage between print and film is hitting a rough spot. Read more..

By DAVID CARR - The New York Times

Exchange Rates of May 29th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.390 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.106 CAD1 CAD = 0.904 USD
US DollarSwiss Franc1 USD = 1.225 CHF1 CHF = 0.816 USD
US DollarChinese Yuan1 USD = 8.020 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 143.260 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.686 GBP1 GBP = 1.459 EUR
EuroAustralian Dollar1 EUR = 1.679 AUD1 AUD = 0.596 EUR
EuroCanadian Dollar1 EUR = 1.410 CAD1 CAD = 0.709 EUR
EuroSwiss Franc1 EUR = 1.561 CHF1 CHF = 0.640 EUR
Pound SterlingAustralian Dollar1 GBP = 2.448 AUD1 AUD = 0.408 GBP
Pound SterlingCanadian Dollar1 GBP = 2.056 CAD1 CAD = 0.486 GBP
Pound SterlingSwiss Franc1 GBP = 2.277 CHF1 CHF = 0.439 GBP
Australian DollarCanadian Dollar1 AUD = 0.839 CAD1 CAD = 1.192 AUD
Australian DollarSwiss Franc1 AUD = 0.929 CHF1 CHF = 1.076 AUD

See what else happened on May 29th, 2006