Financial news on May 31, 2006

Business and Financial news
Bush Nominates Wall Street Chief for Treasury Job

Henry M. Paulson Jr. is expected to face immediate international challenges, which include increased uncertainty in global financial markets. Read more..

By EDMUND L. ANDREWS and JIM RUTENBERG - The New York Times

Canadian Mining Giant in a No-Layoff Labor Pact

Inco has agreed with a labor union to preserve all jobs at its main operations even if the company is acquired. Read more..

By IAN AUSTEN - The New York Times

Is It Tableware or a Leading Indicator?

A boom in gold and silver may be a sign that the U.S. is finally going to pay for years of easy money, mounting debt and trillion-dollar budget deficits. Read more..

By DAVID LEONHARDT - The New York Times

Paulson Comes Full Circle

Henry M. Paulson Jr., President Bush's pick for Treasury secretary, is a deficit hawk with White House experience. Read more..

By LANDON THOMAS Jr - The New York Times

Recycling a Big Urban Navy Yard

A Philadelphia tract offers a suburban campus feel with city advantages and drawbacks. Read more..

By LISA CHAMBERLAIN - The New York Times

Russian Entrepreneur Says Arcelor Deal Is Misunderstood

The chief of Russian steel company Severstal, was baffled that his 13 billion euro ($16.5 billion) deal with the steel giant Arcelor had set off such a stir. Read more..

By HEATHER TIMMONS and JAMES KANTER - The New York Times

Supreme Court to Weigh Award in a Smoker's Death

Opening a new chapter in its effort to establish constitutional boundaries for punitive damages, the court will hear a cigarette maker's appeal. Read more..

By LINDA GREENHOUSE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT23,2623,3522,6522,65120M
IntelINTC17,8918,1917,7718,0276M
Cisco SystemsCSCO19,8120,0319,5119,6857M
AppleAAPL61,7661,7958,6959,7745.7M
Oracle Corp.ORCL14,0114,2513,9714,2234.3M
General ElectricGE34,1534,2633,9734,2630.3M
ExxonMobilXOM60,2161,0659,7660,9125.9M
PfizerPFE23,6623,8023,5223,6623.9M
AT&T Inc.T25,8526,5025,6826,0617M
AlphabetGOOGL373,80378,25366,78371,8215.9M
Walt Disney & Co.DIS30,3030,7830,1330,5014.5M
MerckMRK33,2533,3432,7533,2912.7M
ChevronCVX58,5059,8358,4759,7912.3M
ComcastCMCSA31,9332,2031,8232,1312.2M
Home DepotHD37,7738,1437,6138,1212.1M
Wal-Mart StoresWMT48,3948,7248,1048,4512M
AltriaMO71,8572,4571,2172,3512M
ConocoPhillipsCOP62,0063,3361,7663,2911.9M
HP Inc.HPQ31,9532,4331,7632,3811.9M
Procter & GamblePG54,5854,6954,0054,2511.6M
Verizon CommunicationsVZ30,9431,2530,7631,2111.5M
JPMorgan ChaseJPM42,6642,9742,1742,6411.3M
AmgenAMGN67,1167,8366,8067,5911.2M
Abbott LaboratoriesABT42,5642,7642,3342,7011M
SchlumbergerSLB64,1065,6063,5565,579.76M
UnitedHealth GroupUNH43,7544,1543,4643,969.25M
Johnson & JohnsonJNJ60,1460,2859,8860,228.26M
Wells Fargo & Co.WFC66,5466,7465,7866,377.4M
Bristol-Myers SquibbBMY24,5224,7024,3524,557.38M
Coca-ColaKO43,7044,0943,5644,037.3M
International Business MachinesIBM80,1580,8379,6179,906.38M
McDonald'sMCD32,7833,2832,7233,176.09M
AmazonAMZN34,7434,9433,7334,615.2M
PepsicoPEP60,3360,5260,0260,464.41M
United TechnologiesUTX62,7463,0662,2362,524.26M
Gilead SciencesGILD56,0157,3555,7557,334.13M
BoeingBA82,5083,4481,2183,253.96M
3MMMM83,7084,6283,1583,663.36M
Union PacificUNP90,9793,6990,9592,801.7M
Berkshire HathawayBRK.B3082,003082,003060,003069,0011.4K
Exchange Rates of May 31, 2006
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112,600 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,101 CAD1 CAD = 0,909 USD
US DollarSwiss Franc1 USD = 1,218 CHF1 CHF = 0,821 USD
US DollarChinese Yuan1 USD = 8,022 CNY1 CNY = 0,125 USD
EuroJapanese Yen1 EUR = 144,290 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,685 GBP1 GBP = 1,461 EUR
EuroAustralian Dollar1 EUR = 1,704 AUD1 AUD = 0,587 EUR
EuroCanadian Dollar1 EUR = 1,410 CAD1 CAD = 0,709 EUR
EuroSwiss Franc1 EUR = 1,561 CHF1 CHF = 0,641 EUR
Pound SterlingAustralian Dollar1 GBP = 2,488 AUD1 AUD = 0,402 GBP
Pound SterlingCanadian Dollar1 GBP = 2,060 CAD1 CAD = 0,486 GBP
Pound SterlingSwiss Franc1 GBP = 2,280 CHF1 CHF = 0,439 GBP
Australian DollarCanadian Dollar1 AUD = 0,828 CAD1 CAD = 1,208 AUD
Australian DollarSwiss Franc1 AUD = 0,916 CHF1 CHF = 1,092 AUD

See what else happened on May 31, 2006