Financial news on November 2nd, 2007

Business and Financial news
A War Game Supposes Scarce and Risky Oil

In an effort to push energy reform to the top of America’s agenda, two groups staged a complex role-playing game that dramatizes the impact of American dependence on imported oil. Read more..

By JOHN M. BRODER - The New York Times

China Bars Exports by 750 Toy Makers

The move was announced just days after U.S. legislators moved to bolster consumer protections and impose tougher penalties on companies that sell tainted or hazardous goods. Read more..

By DAVID BARBOZA - The New York Times

F.T.C. Member Vows Tighter Controls of Online Ads

Because of increased tracking of people’s Internet habits by marketing firms, a member of the Federal Trade Commission has vowed to exert more controls over online ads. Read more..

By LOUISE STORY - The New York Times

Income Data Hints at Underlying Economic Strength

A report on personal income and spending pointed to continued strength in the economy even as analysts feared widespread troubles in the next few months. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

MySpace Joins Google Alliance to Counter Facebook

The alliance presents a powerful counterweight to Facebook, which has persuaded thousands of developers to create programs for its users. Read more..

By MIGUEL HELFT and BRAD STONE - The New York Times

Sales at Ford Decrease for the 12th Month in a Row

Even as Ford posted its 12th consecutive monthly U.S. sales decline, General Motors and Toyota each gained market share in October on higher truck sales. Read more..

By NICK BUNKLEY - The New York Times

Squeezing the VCs

Venture capitalists may have to pay more in taxes if a tax bill cleared by the House Ways and Means committee passes. Read more..

By MATT RICHTEL - The New York Times

The Robot in the Newsroom

The New York Times redesigned technology Web page uses Blogrunner software that automates the discovery of relevant technology stories. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32.4032.7132.1132.5153.3M
JPMorgan ChaseJPM44.4544.4842.0643.1539.6M
General ElectricGE40.5040.5339.9740.3336.9M
Wells Fargo & Co.WFC32.3532.7231.8732.3132.7M
Oracle Corp.ORCL21.8122.1021.6822.0330.9M
AT&T Inc.T40.7040.8339.7940.4224.4M
Wal-Mart StoresWMT44.1644.3843.6644.1918M
Bristol-Myers SquibbBMY29.4029.4228.4928.8817.2M
Home DepotHD30.9231.0130.1230.4016.6M
Verizon CommunicationsVZ44.8444.8843.9944.3814.4M
HP Inc.HPQ51.9052.4751.5052.4014M
Procter & GamblePG69.0569.7668.8669.5511.4M
Abbott LaboratoriesABT55.6655.7053.6054.0511.1M
Johnson & JohnsonJNJ64.7365.0064.3664.789.9M
Gilead SciencesGILD46.3447.0045.7846.919.43M
Walt Disney & Co.DIS34.2634.2633.5233.928.95M
UnitedHealth GroupUNH48.2949.0448.1248.947.49M
International Business MachinesIBM114.42115.15113.57114.596.11M
United TechnologiesUTX74.9075.9074.5075.653.82M
Union PacificUNP125.05126.41123.20126.002.07M
Berkshire HathawayBRK.B4390.004417.004383.004402.0017.3K
Exchange Rates of November 2nd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.830 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.935 CAD1 CAD = 1.070 USD
US DollarSwiss Franc1 USD = 1.154 CHF1 CHF = 0.866 USD
US DollarChinese Yuan1 USD = 7.456 CNY1 CNY = 0.134 USD
EuroJapanese Yen1 EUR = 166.530 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.694 GBP1 GBP = 1.441 EUR
EuroAustralian Dollar1 EUR = 1.570 AUD1 AUD = 0.637 EUR
EuroCanadian Dollar1 EUR = 1.355 CAD1 CAD = 0.738 EUR
EuroSwiss Franc1 EUR = 1.674 CHF1 CHF = 0.597 EUR
Japanese YenPound Sterling1 JPY = 0.417 GBP1 GBP = 2.401 JPY
Japanese YenAustralian Dollar1 JPY = 0.942 AUD1 AUD = 1.061 JPY
Japanese YenCanadian Dollar1 JPY = 0.813 CAD1 CAD = 1.230 JPY
Japanese YenSwiss Franc1 JPY = 1.005 CHF1 CHF = 0.995 JPY
Pound SterlingAustralian Dollar1 GBP = 2.263 AUD1 AUD = 0.442 GBP
Pound SterlingCanadian Dollar1 GBP = 1.953 CAD1 CAD = 0.512 GBP
Pound SterlingSwiss Franc1 GBP = 2.411 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.862 CAD1 CAD = 1.160 AUD
Australian DollarSwiss Franc1 AUD = 1.065 CHF1 CHF = 0.939 AUD
Canadian DollarSwiss Franc1 CAD = 1.235 CHF1 CHF = 0.810 CAD

See what else happened on November 2nd, 2007