Financial news on August 30, 2006

Business and Financial news
A Forecast for a Fork in the Road

The Economic Cycle Research Institute was among the first to predict the recession after the 1990’s boom, and it is getting nervous once again. Read more..

By DAVID LEONHARDT - The New York Times

Body by Milk: More Than Just a White Mustache

In a new ad campaign, dairy companies are using interactive features and sports and entertainment celebrities to try to draw young people to milk. Read more..

By JANE L. LEVERE - The New York Times

Clip and Save Holds Its Own Against Point and Click

Tradition and decades of consumer expectations are, for now, helping paper coupons survive online competition. Read more..

By STEVE LOHR - The New York Times

Inco, Not Getting Raised Bid, Returns to Phelps Dodge Offer

The nickel mining company Inco confirmed its support for an offer from Phelps Dodge on Tuesday after a Brazilian company failed to increase its hostile takeover bid. Read more..

By IAN AUSTEN - The New York Times

Johnson & Johnson Wins Antitrust Suit

The company had been accused of illegally using its sutures monopoly to increase sales of other surgical products. Read more..

By BLOOMBERG NEWS - The New York Times

Kraft Foods Is Inching to a Spinoff

Kraft Foods wants to spin off from the Altria Group and be free of what many Kraft employees refer to as the “tobacco taint.” Read more..

By MELANIE WARNER - The New York Times

Universal Music Group and an Online Site Plan a Joint Venture to Challenge iTunes

A new service, supported by advertisements, will let consumers download a huge catalog of songs from the world’s largest record company for free. Read more..

By ERIC PFANNER, International Herald Tribune - The New York Times

Unlikely Dorm Mates at Barnard

Barnard College has built a dormitory where faculty members occupy the same floors and share laundry facilities and common space with students. Read more..

By LISA CHAMBERLAIN - The New York Times

U.S. Seeks Bigger China Role in I.M.F.

In an effort to gain economic cooperation, the U.S. is pushing for China and other developing nations to get more power. Read more..

By STEVEN R. WEISMAN - The New York Times

World Business Briefing: Asia and Europe

ASIA. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 19,63 20,00 19,56 19,84 70.9M
Cisco Systems CSCO 21,64 21,75 21,50 21,67 36.1M
Microsoft MSFT 25,85 25,89 25,64 25,80 30.3M
Oracle Corp. ORCL 15,56 15,83 15,50 15,76 27.3M
ExxonMobil XOM 69,47 69,50 67,75 68,30 26.3M
Pfizer PFE 27,60 27,88 27,60 27,73 25.8M
Apple AAPL 67,34 67,82 66,68 66,96 24.3M
ConocoPhillips COP 64,76 64,84 62,55 63,50 15.6M
General Electric GE 34,25 34,44 34,19 34,27 14.4M
HP Inc. HPQ 35,62 36,09 35,62 36,00 12.4M
Home Depot HD 34,14 34,51 33,83 34,12 12.3M
Wal-Mart Stores WMT 44,47 44,94 44,20 44,62 12.2M
Abbott Laboratories ABT 48,90 48,95 48,06 48,18 12.1M
Amazon AMZN 29,57 30,85 29,48 30,67 11.3M
AT&T Inc. T 31,30 31,41 31,14 31,19 10.2M
Altria MO 84,00 84,58 83,03 84,42 10M
Chevron CVX 65,75 65,88 64,15 65,19 9.21M
Procter & Gamble PG 61,45 62,03 61,40 61,75 8.8M
JPMorgan Chase JPM 45,89 46,07 45,70 45,73 8.6M
Verizon Communications VZ 35,20 35,49 35,17 35,39 8.13M
Alphabet GOOGL 379,21 384,65 378,51 380,75 8.08M
Walt Disney & Co. DIS 29,23 29,61 29,23 29,57 7.93M
Merck MRK 40,94 41,25 40,70 40,80 7.85M
Schlumberger SLB 63,43 63,45 61,80 62,07 7.3M
Comcast CMCSA 35,12 35,35 34,87 34,89 6.99M
Coca-Cola KO 45,22 45,40 44,93 44,96 6.06M
Bristol-Myers Squibb BMY 21,89 22,11 21,87 21,98 5.63M
Wells Fargo & Co. WFC 34,78 35,00 34,69 34,69 5.05M
Amgen AMGN 68,86 68,90 67,91 68,24 5.03M
International Business Machines IBM 81,18 81,68 80,84 81,22 4.69M
Pepsico PEP 65,49 65,99 65,45 65,64 4.62M
UnitedHealth Group UNH 51,28 52,08 50,98 51,75 4.52M
Johnson & Johnson JNJ 64,72 64,80 64,60 64,60 4.43M
Boeing BA 74,00 75,30 73,64 75,02 3.85M
McDonald's MCD 36,17 36,20 35,80 36,15 2.96M
3M MMM 72,00 72,00 71,43 71,44 2.57M
United Technologies UTX 61,90 62,75 61,72 62,27 2.33M
Gilead Sciences GILD 64,07 64,20 63,32 63,46 2.32M
Union Pacific UNP 80,50 80,80 79,92 80,12 1.28M
Berkshire Hathaway BRK.B 3196,00 3201,00 3192,00 3197,00 7.1K
Exchange Rates of August 30, 2006
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117,120 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,108 CAD 1 CAD = 0,902 USD
US Dollar Swiss Franc 1 USD = 1,227 CHF 1 CHF = 0,815 USD
US Dollar Chinese Yuan 1 USD = 7,959 CNY 1 CNY = 0,126 USD
Euro Japanese Yen 1 EUR = 150,340 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,674 GBP 1 GBP = 1,483 EUR
Euro Australian Dollar 1 EUR = 1,681 AUD 1 AUD = 0,595 EUR
Euro Canadian Dollar 1 EUR = 1,422 CAD 1 CAD = 0,703 EUR
Euro Swiss Franc 1 EUR = 1,576 CHF 1 CHF = 0,635 EUR
Japanese Yen Pound Sterling 1 JPY = 0,448 GBP 1 GBP = 2,232 JPY
Japanese Yen Australian Dollar 1 JPY = 1,118 AUD 1 AUD = 0,895 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,946 CAD 1 CAD = 1,057 JPY
Japanese Yen Swiss Franc 1 JPY = 1,048 CHF 1 CHF = 0,954 JPY
Pound Sterling Australian Dollar 1 GBP = 2,495 AUD 1 AUD = 0,401 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,110 CAD 1 CAD = 0,474 GBP
Pound Sterling Swiss Franc 1 GBP = 2,337 CHF 1 CHF = 0,428 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,845 CAD 1 CAD = 1,183 AUD
Australian Dollar Swiss Franc 1 AUD = 0,936 CHF 1 CHF = 1,068 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,107 CHF 1 CHF = 0,903 CAD

See what else happened on August 30, 2006