Financial news on December 04, 2007
Business and Financial news
As the writers’ strike halts much scripted television production, networks are increasingly relying on unscripted fare to fill the programming gaps. Read more..
Genentech’s drug Avastin did not help women with breast cancer live meaningfully longer, and it caused significant side effects, the Food and Drug Administration said Monday. Read more..
BlackRock, the asset management firm hired to advise Florida on a state pool whose subprime-tainted holdings led to withdrawal of almost half its $27 billion assets, recommended yesterday that the remaining holdings be split into two entities to e... Read more..
The decisions came as both General Motors and Ford Motor Company are struggling to keep their respective turnaround plans on track. Read more..
The continuing strength of ad spending online — as well as the stimulative effects of the elections and the Summer Olympics — should keep the ad industry from suffering a recession in 2008. Read more..
The German bank WestLB said Monday it would guarantee full liquidity to several of its investment vehicles that had put money into asset-backed securities. Read more..
The “Comes With Music” program just announced by Nokia, under which some cellphones will be bundled with the right to download an unlimited number of songs for a year, offers an interesting model for the music business. Read more..
The Bush administration’s effort to help borrowers in danger of defaulting on their subprime mortgages could help only a small number of those who took out such loans. Read more..
Verizon’s new $49 Voyager phone is one of the first of the iPhone clones. How good is it? Read more..
Despite the enormity of its recurring scandals, Samsung is unlikely to go the way of Enron, in part because of its economic importance to South Korea. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||31.71||31.95||31.18||31.76||23M|
|Walt Disney & Co.||DIS||32.92||33.07||32.44||32.75||9.32M|
|Procter & Gamble||PG||73.23||73.80||73.04||73.29||9.19M|
|Johnson & Johnson||JNJ||67.44||68.21||67.40||67.94||8.11M|
|International Business Machines||IBM||105.83||107.42||104.72||106.63||6.36M|
Exchange Rates of December 04, 2007
|US Dollar||Japanese Yen||1 USD = 109.790 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 1.011 CAD||1 CAD = 0.989 USD|
|US Dollar||Swiss Franc||1 USD = 1.117 CHF||1 CHF = 0.896 USD|
|US Dollar||Chinese Yuan||1 USD = 7.399 CNY||1 CNY = 0.135 USD|
|Euro||Japanese Yen||1 EUR = 162.110 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.717 GBP||1 GBP = 1.395 EUR|
|Euro||Australian Dollar||1 EUR = 1.689 AUD||1 AUD = 0.592 EUR|
|Euro||Canadian Dollar||1 EUR = 1.492 CAD||1 CAD = 0.670 EUR|
|Euro||Swiss Franc||1 EUR = 1.648 CHF||1 CHF = 0.607 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.442 GBP||1 GBP = 2.263 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.041 AUD||1 AUD = 0.961 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.920 CAD||1 CAD = 1.087 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.016 CHF||1 CHF = 0.984 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.356 AUD||1 AUD = 0.425 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.082 CAD||1 CAD = 0.480 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.299 CHF||1 CHF = 0.435 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.883 CAD||1 CAD = 1.132 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.975 CHF||1 CHF = 1.025 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.104 CHF||1 CHF = 0.906 CAD|