Financial news on August 30th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO21,6421,7521,5021,6736.1M
Oracle Corp.ORCL15,5615,8315,5015,7627.3M
General ElectricGE34,2534,4434,1934,2714.4M
HP Inc.HPQ35,6236,0935,6236,0012.4M
Home DepotHD34,1434,5133,8334,1212.3M
Wal-Mart StoresWMT44,4744,9444,2044,6212.2M
Abbott LaboratoriesABT48,9048,9548,0648,1812.1M
AT&T Inc.T31,3031,4131,1431,1910.2M
Procter & GamblePG61,4562,0361,4061,758.8M
JPMorgan ChaseJPM45,8946,0745,7045,738.6M
Verizon CommunicationsVZ35,2035,4935,1735,398.13M
Walt Disney & Co.DIS29,2329,6129,2329,577.93M
Bristol-Myers SquibbBMY21,8922,1121,8721,985.63M
Wells Fargo & Co.WFC34,7835,0034,6934,695.05M
International Business MachinesIBM81,1881,6880,8481,224.69M
UnitedHealth GroupUNH51,2852,0850,9851,754.52M
Johnson & JohnsonJNJ64,7264,8064,6064,604.43M
United TechnologiesUTX61,9062,7561,7262,272.33M
Gilead SciencesGILD64,0764,2063,3263,462.32M
Union PacificUNP80,5080,8079,9280,121.28M
Berkshire HathawayBRK.B3196,003201,003192,003197,007.1K
Exchange Rates of August 30th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117,120 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,108 CAD1 CAD = 0,902 USD
US DollarSwiss Franc1 USD = 1,227 CHF1 CHF = 0,815 USD
US DollarChinese Yuan1 USD = 7,959 CNY1 CNY = 0,126 USD
EuroJapanese Yen1 EUR = 150,340 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,674 GBP1 GBP = 1,483 EUR
EuroAustralian Dollar1 EUR = 1,681 AUD1 AUD = 0,595 EUR
EuroCanadian Dollar1 EUR = 1,422 CAD1 CAD = 0,703 EUR
EuroSwiss Franc1 EUR = 1,576 CHF1 CHF = 0,635 EUR
Japanese YenPound Sterling1 JPY = 0,448 GBP1 GBP = 2,232 JPY
Japanese YenAustralian Dollar1 JPY = 1,118 AUD1 AUD = 0,895 JPY
Japanese YenCanadian Dollar1 JPY = 0,946 CAD1 CAD = 1,057 JPY
Japanese YenSwiss Franc1 JPY = 1,048 CHF1 CHF = 0,954 JPY
Pound SterlingAustralian Dollar1 GBP = 2,495 AUD1 AUD = 0,401 GBP
Pound SterlingCanadian Dollar1 GBP = 2,110 CAD1 CAD = 0,474 GBP
Pound SterlingSwiss Franc1 GBP = 2,337 CHF1 CHF = 0,428 GBP
Australian DollarCanadian Dollar1 AUD = 0,845 CAD1 CAD = 1,183 AUD
Australian DollarSwiss Franc1 AUD = 0,936 CHF1 CHF = 1,068 AUD
Canadian DollarSwiss Franc1 CAD = 1,107 CHF1 CHF = 0,903 CAD

See what else happened on August 30th, 2006