Financial news on January 02, 2008

Business and Financial news
2007 Was Unpredictable, but Let’s Brave 2008 Anyway

Like baseball or the weather, the economy can be a difficult thing to predict. Nonetheless, here’s a sampling of what economists expect for 2008. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Big Makeovers for Office Buildings Outside of Midtown

Extreme makeovers provide many of the plotlines for reality television. The same could also be said for some recent Manhattan real estate deals Read more..

By J. ALEX TARQUINIO - The New York Times

Edwards on the Economy

John Edwards is running a notably more populist campaign than either Hillary Clinton or Barack Obama. In several ways, Mr. Edwards is more open to using the government to try to help the middle class - and less trusting of the free market. Read more..

By DAVID LEONHARDT - The New York Times

For Celebrity Magazine, Pregnancy Is a Bonus

OK!, the celebrity magazine, could not possibly have purchased all the attention it enjoyed after it got the scoop that Jamie Lynn Spears was pregnant. Or could it? Read more..

By BRIAN STELTER - The New York Times

For Start-Up, It’s a Tweak Here, an Experiment There

When it comes to starting a business, much of what an entrepreneur learns comes down to trial and error - and tinkering. Read more..

By BRENT BOWERS - The New York Times

Hotel’s Prime Audience: Sitting in a Meeting, Dreaming of the Greens

The Crowne Plaza Hotels & Resorts chain has signed a celebrity spokesman whose specialty is near and dear to the guests’ hearts: golf. Read more..

By ELIZABETH OLSON - The New York Times

India’s Exports Surge Before an Expected Slowdown

India’s exports of manufactured goods rose in November as companies completed orders and hedged to cope with the rupee’s appreciation. Read more..

By BLOOMBERG NEWS - The New York Times

In the Land of Many Ifs

Plunging housing prices and soaring oil costs have provoked gloomy talk of a possible recession. Yet the economy has kept growing. How much longer can the expansion carry on? Read more..

By PETER S. GOODMAN and VIKAS BAJAJ - The New York Times

Mall Owner in Australia Seeks Buyers for Company

The Centro Properties Group, which owns 700 malls in the United States, will weigh offers for all of the company or assets including its Australian and United States funds. Read more..

By BLOOMBERG NEWS - The New York Times

Oil Hits $100 a Barrel for the First Time

Oil prices briefly reached $100 a barrel on Wednesday, a long-awaited milestone in an era of rapidly escalating energy demand and tightening supplies. Read more..

By CLIFFORD KRAUSS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 26.28 26.34 24.95 25.35 84.3M
Cisco Systems CSCO 27.00 27.30 26.21 26.54 64.3M
Microsoft MSFT 35.79 35.96 35.00 35.22 63M
Pfizer PFE 22.81 23.03 22.70 22.91 46M
Oracle Corp. ORCL 22.55 22.82 22.38 22.49 42.8M
General Electric GE 37.10 37.45 36.55 36.76 38.9M
Apple AAPL 199.27 200.26 192.55 194.84 38.5M
Comcast CMCSA 18.30 18.42 17.70 17.70 25.7M
Wells Fargo & Co. WFC 30.48 30.48 28.98 29.10 24.4M
ExxonMobil XOM 94.15 94.55 92.78 93.51 23.4M
JPMorgan Chase JPM 43.47 43.79 42.00 42.17 22.1M
AT&T Inc. T 41.46 41.92 40.75 41.00 20.3M
Wal-Mart Stores WMT 47.51 47.63 46.46 46.90 19.9M
Bristol-Myers Squibb BMY 26.31 26.50 25.81 26.13 19.3M
Home Depot HD 26.99 27.27 26.02 26.11 16.6M
ConocoPhillips COP 89.11 89.71 86.86 87.89 15.1M
HP Inc. HPQ 50.38 50.98 49.24 49.65 14M
Amazon AMZN 95.35 97.43 94.70 96.25 13.9M
Procter & Gamble PG 73.26 73.59 71.87 72.31 12.3M
Johnson & Johnson JNJ 66.56 67.00 65.72 65.91 12M
Merck MRK 58.03 58.51 57.10 57.37 11.7M
Abbott Laboratories ABT 56.03 56.64 55.51 55.81 11.2M
Verizon Communications VZ 43.90 44.14 42.85 43.21 10.9M
International Business Machines IBM 108.99 108.99 104.17 104.69 9.5M
Walt Disney & Co. DIS 32.30 32.63 31.69 31.84 9.27M
Schlumberger SLB 99.39 102.52 98.81 100.58 9.18M
Chevron CVX 94.30 94.69 92.71 93.46 9.06M
Altria MO 75.50 76.00 74.67 74.93 8.76M
Alphabet GOOGL 692.87 697.37 677.73 685.19 8.61M
Amgen AMGN 46.60 47.04 46.26 46.60 7.93M
McDonald's MCD 58.50 59.48 57.89 58.10 7.86M
Coca-Cola KO 61.50 61.58 60.73 61.09 7.73M
UnitedHealth Group UNH 57.19 57.86 56.46 56.67 7.7M
Gilead Sciences GILD 45.96 46.66 45.05 45.34 6.56M
Pepsico PEP 76.41 76.41 74.71 75.29 4.9M
3M MMM 84.23 84.76 82.23 82.71 4.45M
Boeing BA 87.75 87.84 86.00 86.62 4.3M
United Technologies UTX 76.64 77.14 74.85 75.21 4.26M
Union Pacific UNP 125.66 127.25 123.62 124.24 2.57M
Berkshire Hathaway BRK.B 4740.00 4749.00 4533.00 4605.00 35.6K
Exchange Rates of January 02, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 109.620 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.993 CAD 1 CAD = 1.007 USD
US Dollar Swiss Franc 1 USD = 1.118 CHF 1 CHF = 0.894 USD
US Dollar Chinese Yuan 1 USD = 7.305 CNY 1 CNY = 0.137 USD
Euro Japanese Yen 1 EUR = 161.370 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.743 GBP 1 GBP = 1.346 EUR
Euro Australian Dollar 1 EUR = 1.665 AUD 1 AUD = 0.601 EUR
Euro Canadian Dollar 1 EUR = 1.462 CAD 1 CAD = 0.684 EUR
Euro Swiss Franc 1 EUR = 1.647 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.460 GBP 1 GBP = 2.173 JPY
Japanese Yen Australian Dollar 1 JPY = 1.031 AUD 1 AUD = 0.970 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.906 CAD 1 CAD = 1.104 JPY
Japanese Yen Swiss Franc 1 JPY = 1.021 CHF 1 CHF = 0.980 JPY
Pound Sterling Australian Dollar 1 GBP = 2.241 AUD 1 AUD = 0.446 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.968 CAD 1 CAD = 0.508 GBP
Pound Sterling Swiss Franc 1 GBP = 2.216 CHF 1 CHF = 0.451 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.878 CAD 1 CAD = 1.140 AUD
Australian Dollar Swiss Franc 1 AUD = 0.989 CHF 1 CHF = 1.012 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.126 CHF 1 CHF = 0.888 CAD

See what else happened on January 02, 2008