Financial news on May 30th, 2006

Business and Financial news
Airline to Pay $14 Million to Settle Air Canada Suit

WestJet Airlines agreed on Monday to pay 15.5 million Canadian dollars to settle accusations of spying on an internal Web site of its bigger rival. Read more..

By IAN AUSTEN - The New York Times

Arcelor's Deal With Russian Is Assailed as Costly Defense

When it came to repelling a hostile takeover bid from Mittal Steel, Arcelor left no stone unturned as it searched for a poison-pill partner. Read more..


At 6-foot-11 With Bad Ankles, He Wants an Aisle Seat

I'm on the road about 200 days a year, trying to contend with airline seats and hotel rooms that were not built with professional basketball players in mind. Read more..

By BILL WALTON - The New York Times

Cell Carriers Seek Growth by Catering to Hispanics

The industry is spending tens of millions of dollars on marketing campaigns to court Hispanic customers. Read more..

By MATT RICHTEL and KEN BELSON - The New York Times

Chip Producer to Expand Dresden Plant

American chip maker Advanced Micro Devices said that it planned to spend $2.5 billion over the next three years to expand production in Dresden, Germany. Read more..

By KEVIN J. O'BRIEN - The New York Times

Earn Cellphone Minutes by Watching Ads

With the cost of mobile phone calls already dropping sharply, Virgin Mobile USA plans to announce a way that people can talk for no money at all. Read more..

By MATT RICHTEL - The New York Times

Polish Energy Company to Buy Most of Lithuanian Oil Refinery

Orlen, the Polish oil refining company, will pay $1.49 billion to Yukos International for its 53.7 percent stake in the Mazeikiu Nafta refinery. Read more..

By JUDY DEMPSEY - The New York Times

That 60's Show: The Industry and How It Has Changed

The AMC cable television network is considering a series that would explore how Madison Avenue remakes itself to meet the changing needs of clients. Read more..

By STUART ELLIOTT - The New York Times

The Greener Guys

Americans are increasingly identifying global warming as a serious problem, and a few companies are taking special steps to curb carbon emissions. Read more..

By JAD MOUAWAD - The New York Times

Trans-Atlantic or Bust? Hardly. Make That a Boom.

It's one of the wonders of modern airline travel that the premium trans-Atlantic markets, and especially the New York-London routes, are thriving. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO20.2020.2319.7719.7745.9M
Oracle Corp.ORCL14.0014.1913.8814.0226.3M
General ElectricGE34.3034.3734.0134.0522.2M
Wal-Mart StoresWMT48.6448.7148.2348.3019.3M
AT&T Inc.T26.2426.4525.8025.8416.9M
Abbott LaboratoriesABT42.5043.1042.1142.5412.7M
Home DepotHD38.2638.3537.7037.7011.5M
JPMorgan ChaseJPM42.9042.9942.4442.448.68M
UnitedHealth GroupUNH43.3243.8142.8043.338.67M
Verizon CommunicationsVZ31.3131.4530.8830.918.35M
Walt Disney & Co.DIS30.4633.2030.1630.208.31M
HP Inc.HPQ32.3032.4831.9131.927.88M
Johnson & JohnsonJNJ60.4860.5559.8259.857.84M
Bristol-Myers SquibbBMY25.0025.0824.5224.567.53M
Procter & GamblePG54.7855.0254.3354.386.97M
International Business MachinesIBM80.3580.9680.1580.165.05M
Wells Fargo & Co.WFC66.8166.9766.1866.254.12M
Gilead SciencesGILD57.1857.1855.7555.773.52M
United TechnologiesUTX62.6563.1062.0762.443.38M
Union PacificUNP92.1292.4090.4890.841.02M
Berkshire HathawayBRK.B3075.003087.003059.503063.508.8K
Exchange Rates of May 30th, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.160 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.099 CAD1 CAD = 0.910 USD
US DollarSwiss Franc1 USD = 1.211 CHF1 CHF = 0.826 USD
US DollarChinese Yuan1 USD = 8.030 CNY1 CNY = 0.125 USD
EuroJapanese Yen1 EUR = 144.380 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.683 GBP1 GBP = 1.463 EUR
EuroAustralian Dollar1 EUR = 1.689 AUD1 AUD = 0.592 EUR
EuroCanadian Dollar1 EUR = 1.415 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.559 CHF1 CHF = 0.642 EUR
Pound SterlingAustralian Dollar1 GBP = 2.472 AUD1 AUD = 0.405 GBP
Pound SterlingCanadian Dollar1 GBP = 2.070 CAD1 CAD = 0.483 GBP
Pound SterlingSwiss Franc1 GBP = 2.281 CHF1 CHF = 0.439 GBP
Australian DollarCanadian Dollar1 AUD = 0.837 CAD1 CAD = 1.195 AUD
Australian DollarSwiss Franc1 AUD = 0.922 CHF1 CHF = 1.084 AUD

See what else happened on May 30th, 2006