Financial news on January 2nd, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.0027.3026.2126.5464.3M
Oracle Corp.ORCL22.5522.8222.3822.4942.8M
General ElectricGE37.1037.4536.5536.7638.9M
Wells Fargo & Co.WFC30.4830.4828.9829.1024.4M
JPMorgan ChaseJPM43.4743.7942.0042.1722.1M
AT&T Inc.T41.4641.9240.7541.0020.3M
Wal-Mart StoresWMT47.5147.6346.4646.9019.9M
Bristol-Myers SquibbBMY26.3126.5025.8126.1319.3M
Home DepotHD26.9927.2726.0226.1116.6M
HP Inc.HPQ50.3850.9849.2449.6514M
Procter & GamblePG73.2673.5971.8772.3112.3M
Johnson & JohnsonJNJ66.5667.0065.7265.9112M
Abbott LaboratoriesABT56.0356.6455.5155.8111.2M
Verizon CommunicationsVZ43.9044.1442.8543.2110.9M
International Business MachinesIBM108.99108.99104.17104.699.5M
Walt Disney & Co.DIS32.3032.6331.6931.849.27M
UnitedHealth GroupUNH57.1957.8656.4656.677.7M
Gilead SciencesGILD45.9646.6645.0545.346.56M
United TechnologiesUTX76.6477.1474.8575.214.26M
Union PacificUNP125.66127.25123.62124.242.57M
Berkshire HathawayBRK.B4740.004749.004533.004605.0035.6K
Exchange Rates of January 2nd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 109.620 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.993 CAD1 CAD = 1.007 USD
US DollarSwiss Franc1 USD = 1.118 CHF1 CHF = 0.894 USD
US DollarChinese Yuan1 USD = 7.305 CNY1 CNY = 0.137 USD
EuroJapanese Yen1 EUR = 161.370 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.743 GBP1 GBP = 1.346 EUR
EuroAustralian Dollar1 EUR = 1.665 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.462 CAD1 CAD = 0.684 EUR
EuroSwiss Franc1 EUR = 1.647 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.460 GBP1 GBP = 2.173 JPY
Japanese YenAustralian Dollar1 JPY = 1.031 AUD1 AUD = 0.970 JPY
Japanese YenCanadian Dollar1 JPY = 0.906 CAD1 CAD = 1.104 JPY
Japanese YenSwiss Franc1 JPY = 1.021 CHF1 CHF = 0.980 JPY
Pound SterlingAustralian Dollar1 GBP = 2.241 AUD1 AUD = 0.446 GBP
Pound SterlingCanadian Dollar1 GBP = 1.968 CAD1 CAD = 0.508 GBP
Pound SterlingSwiss Franc1 GBP = 2.216 CHF1 CHF = 0.451 GBP
Australian DollarCanadian Dollar1 AUD = 0.878 CAD1 CAD = 1.140 AUD
Australian DollarSwiss Franc1 AUD = 0.989 CHF1 CHF = 1.012 AUD
Canadian DollarSwiss Franc1 CAD = 1.126 CHF1 CHF = 0.888 CAD

See what else happened on January 2nd, 2008