Financial news on December 04, 2007

Business and Financial news
As Scripted Shows Dry Up, Reality Sets In

As the writers’ strike halts much scripted television production, networks are increasingly relying on unscripted fare to fill the programming gaps. Read more..

By BRIAN STELTER - The New York Times

F.D.A. Criticizes Avastin Use for Breast Cancer

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..

By ANDREW POLLACK - The New York Times

Florida Is Advised on Saving a State Fund

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..

By BLOOMBERG NEWS - The New York Times

Ford and G.M. Plan to Trim 2008 Output

The decisions came as both General Motors and Ford Motor Company are struggling to keep their respective turnaround plans on track. Read more..

By NICK BUNKLEY - The New York Times

Forecasters Say Madison Avenue Will Escape a Recession, Just Barely

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..

By STUART ELLIOTT - The New York Times

German Bank Acts to Help Its Programs Tied to U.S. Mortgages

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..

By CARTER DOUGHERTY - The New York Times

Nokia and Universal’s Proposed Music Tax

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..

By SAUL HANSELL - The New York Times

Paulson Sees Limited Aid in Rate Plan

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..

By EDMUND L. ANDREWS - The New York Times

The March of the iPhone Clones

Verizon’s new $49 Voyager phone is one of the first of the iPhone clones. How good is it? Read more..

By MATT RICHTEL - The New York Times

Tired of Corruption but Afraid of the Crackdown

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..

By CHOE SANG-HUN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.46 27.50 26.82 26.96 71.5M
General Electric GE 36.72 36.82 36.07 36.25 58.8M
Microsoft MSFT 32.74 33.24 32.63 32.77 54.8M
Intel INTC 25.84 26.52 25.83 26.31 44.5M
Oracle Corp. ORCL 19.75 20.19 19.68 20.03 33.4M
Pfizer PFE 23.36 23.73 23.34 23.47 29.6M
Apple AAPL 177.15 180.90 176.99 179.81 27.6M
Comcast CMCSA 20.84 21.05 20.65 20.73 23.4M
Wells Fargo & Co. WFC 31.71 31.95 31.18 31.76 23M
AT&T Inc. T 38.55 38.68 37.82 37.86 19.4M
JPMorgan Chase JPM 44.65 45.09 44.00 44.15 19.3M
Merck MRK 57.39 59.12 56.56 58.39 19.2M
Home Depot HD 28.38 28.94 28.00 28.79 18.3M
ExxonMobil XOM 88.64 88.83 87.71 88.12 16.8M
Wal-Mart Stores WMT 47.76 48.56 47.49 48.19 16.5M
Verizon Communications VZ 42.92 44.16 42.92 43.80 14.9M
Abbott Laboratories ABT 56.56 57.71 56.56 57.50 12.9M
HP Inc. HPQ 50.04 51.46 50.01 50.71 12.2M
Bristol-Myers Squibb BMY 29.22 29.40 29.00 29.06 12.1M
ConocoPhillips COP 80.00 80.47 79.36 79.71 11.6M
Altria MO 77.49 78.51 77.26 77.41 11.1M
UnitedHealth Group UNH 54.27 54.99 53.90 54.33 9.49M
McDonald's MCD 59.59 60.47 59.45 60.03 9.33M
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
Alphabet GOOGL 678.31 692.00 677.12 684.16 8.46M
Coca-Cola KO 61.51 62.94 61.51 62.75 8.44M
Schlumberger SLB 93.01 94.30 92.15 93.84 8.23M
Johnson & Johnson JNJ 67.44 68.21 67.40 67.94 8.11M
Amgen AMGN 54.80 55.53 54.60 54.91 7.44M
Amazon AMZN 90.04 94.56 90.04 94.41 7.34M
Boeing BA 91.43 91.79 89.85 89.99 7.08M
Chevron CVX 87.34 87.78 86.83 87.16 6.58M
International Business Machines IBM 105.83 107.42 104.72 106.63 6.36M
Gilead Sciences GILD 45.54 45.85 45.01 45.21 6.34M
Pepsico PEP 76.28 77.00 76.24 76.65 4.26M
United Technologies UTX 74.89 75.39 74.33 74.75 3.44M
3M MMM 81.91 82.94 81.60 82.09 3.19M
Union Pacific UNP 125.81 128.05 125.25 126.74 1.56M
Berkshire Hathaway BRK.B 4796.00 4823.00 4715.00 4822.50 30.1K
Exchange Rates of December 04, 2007
CurrenciesExchange Rates
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

See what else happened on December 04, 2007