Financial news on January 4th, 2008

Business and Financial news
As Expected, Ford Falls From 2nd Place in U.S. Sales

Toyota beat Ford in 2007 in U.S. auto sales, putting it behind General Motors. Ford had held the No. 2 spot since 1931, according to the company’s historian. Read more..

By NICK BUNKLEY - The New York Times

Merck Makes Deal to Develop Schizophrenia Drug

Merck agreed to pay a Swiss company, Addex Pharmaceuticals, as much as $702 million to help develop a new schizophrenia drug. Read more..

By BLOOMBERG NEWS - The New York Times

Tata Pulls Ford Units Into Its Orbit

The Indian company said it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover. Read more..

By HEATHER TIMMONS - The New York Times

United Arab Emirates: Link to U.S. Dollar Kept

The United Arab Emirates will keep a 30-year link between its currency, the dirham, and the United States dollar, after completing a review of its currency regime. Read more..

By BLOOMBERG NEWS - The New York Times

Weak Job Growth Numbers Prompt Stock Selloff

Job growth shrank significantly in December, the government reported on Friday, setting off renewed fears of a recession. Read more..

By PETER S. GOODMAN and MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23,4623,6022,3522,67174M
MicrosoftMSFT35,1935,2034,0934,3872.1M
Cisco SystemsCSCO26,3726,9326,0126,1256.9M
AppleAAPL191,45193,00178,89180,0552M
Wells Fargo & Co.WFC28,2428,3226,9927,4950.8M
Oracle Corp.ORCL22,7722,8821,7922,0344.7M
PfizerPFE23,1823,2022,7422,8342M
General ElectricGE36,5336,6735,9836,0440.7M
JPMorgan ChaseJPM41,4141,8040,6340,9325.9M
ExxonMobilXOM93,5094,3691,8892,0824.7M
HP Inc.HPQ49,0049,1946,5646,8724.7M
ComcastCMCSA17,5917,6816,8016,8423M
AT&T Inc.T41,1641,7740,8440,8920.7M
Wal-Mart StoresWMT45,9146,3745,3745,7220.4M
Home DepotHD25,5625,6724,7624,9619.8M
Bristol-Myers SquibbBMY25,8926,0725,6925,7517.2M
ConocoPhillipsCOP87,4787,8185,4085,5614.6M
ChevronCVX94,0595,2193,2093,3513.1M
Johnson & JohnsonJNJ65,7266,4065,7265,8412.7M
Abbott LaboratoriesABT55,1156,5955,0055,7912.3M
Verizon CommunicationsVZ42,9743,6342,5142,6011.9M
AltriaMO75,2675,9574,8174,9011.1M
International Business MachinesIBM103,95103,95100,48101,1311M
AlphabetGOOGL679,69680,96655,00657,0010.7M
AmgenAMGN46,2946,2944,6044,8010.3M
AmazonAMZN93,2693,4088,5088,7910.3M
Procter & GamblePG72,1772,9971,7072,0210M
MerckMRK56,8557,4556,7556,859.99M
SchlumbergerSLB101,31101,3597,4898,009.89M
McDonald'sMCD57,3257,4756,4357,059.69M
Walt Disney & Co.DIS31,0031,6831,0031,139.55M
Coca-ColaKO61,6862,7161,6761,859.01M
Gilead SciencesGILD46,9447,3545,8545,907.71M
UnitedHealth GroupUNH56,5656,9355,9456,007.25M
United TechnologiesUTX75,6976,1974,9075,025.54M
PepsicoPEP75,3976,4075,2975,555.49M
BoeingBA86,8387,1685,6985,825.39M
3MMMM82,4082,6681,5581,763.62M
Union PacificUNP122,89122,92119,66120,042.78M
Berkshire HathawayBRK.B4642,004642,004488,004550,0028.3K
Exchange Rates of January 4th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108,450 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,001 CAD1 CAD = 0,999 USD
US DollarSwiss Franc1 USD = 1,105 CHF1 CHF = 0,905 USD
US DollarChinese Yuan1 USD = 7,305 CNY1 CNY = 0,137 USD
EuroJapanese Yen1 EUR = 160,110 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,747 GBP1 GBP = 1,339 EUR
EuroAustralian Dollar1 EUR = 1,690 AUD1 AUD = 0,592 EUR
EuroCanadian Dollar1 EUR = 1,478 CAD1 CAD = 0,676 EUR
EuroSwiss Franc1 EUR = 1,634 CHF1 CHF = 0,612 EUR
Japanese YenPound Sterling1 JPY = 0,466 GBP1 GBP = 2,145 JPY
Japanese YenAustralian Dollar1 JPY = 1,055 AUD1 AUD = 0,948 JPY
Japanese YenCanadian Dollar1 JPY = 0,923 CAD1 CAD = 1,083 JPY
Japanese YenSwiss Franc1 JPY = 1,020 CHF1 CHF = 0,980 JPY
Pound SterlingAustralian Dollar1 GBP = 2,263 AUD1 AUD = 0,442 GBP
Pound SterlingCanadian Dollar1 GBP = 1,980 CAD1 CAD = 0,505 GBP
Pound SterlingSwiss Franc1 GBP = 2,188 CHF1 CHF = 0,457 GBP
Australian DollarCanadian Dollar1 AUD = 0,874 CAD1 CAD = 1,144 AUD
Australian DollarSwiss Franc1 AUD = 0,966 CHF1 CHF = 1,035 AUD
Canadian DollarSwiss Franc1 CAD = 1,105 CHF1 CHF = 0,905 CAD

See what else happened on January 4th, 2008