Financial news on December 05, 2007

Business and Financial news
2 Airlines to Cut Back Plans for Increases in Capacity

Delta Air Lines and Southwest Airlines will scale back seating-capacity plans for next year on mounting concern over high oil prices and a weakening United States economy. Read more..

By BLOOMBERG NEWS - The New York Times

Activision’s Chief Looks for Gaming’s Next Moves

As Activision prepares to join forces with Vivendi Games, its chief executive faces an industry in transition. Read more..

By MATT RICHTEL - The New York Times

A Heart Stent Maker Decides the Way to the Patient Is Through the Patient

The Cordis Corporation, a subsidiary of Johnson & Johnson, has begun the first attempt by a medical device maker to market a heart stent directly to consumers. Read more..

By BARNABY J. FEDER - The New York Times

Brazil: Arcelor Buys Brazilian Unit

ArcelorMittal, the world’s largest steel maker, will spend up to $1.75 billion to buy the rest of its Brazilian specialty steel unit. The company also agreed to buy the British steel distributor NSD. Separately, ArcelorMittal said its chairman, Jo... Read more..

By AP - The New York Times

Curtains Rise Again

When the director Michael Moore moved to northern Michigan from New York City in 2002, the marquee of the State Theater was a sullen space. But not anymore. Read more..

By KEITH SCHNEIDER - The New York Times

FDA Panel Votes Against Cancer Drug

The advisory committee voted that Genentech’s drug Avastin should not be approved as a treatment for breast cancer. It is already on the market as a treatment for lung and colon cancer. Read more..

By ANDREW POLLACK - The New York Times

Fund Crisis in Florida Worrisome to States

The sudden flight from a Florida investment pool points to a broader uncertainty among officials in other states over how far the credit and mortgage crisis might spread. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Russia: Two Groups Pull Out of Project

;Tamir Fishman, an Israeli venture capital fund, and the European Bank for Reconstruction and Development pulled out of a Russian investment project after a Russian partner boasted in a newspaper interview that he had backing from the F.S.B., the ... Read more..

By ANDREW E. KRAMER - The New York Times

Senate Approves Peru Trade Deal

The Senate gave overwhelming approval to a trade agreement with Peru, with most Democrats joining nearly all Republicans in handing President Bush an unusual victory. Read more..

By STEVEN R. WEISMAN - The New York Times

Zuckerberg Apologizes, Allows Facebook Users to Evade Beacon

In a contrite blog post, Mark Zuckerberg, the founder of Facebook, says his company has mishandled its Beacon system, which tells people’s friends about what they bought on line. The company has added a way to opt out. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Comcast CMCSA 18.94 19.11 18.08 18.18 117M
Microsoft MSFT 33.14 34.52 33.03 34.15 84.9M
Intel INTC 26.89 27.46 26.89 27.22 68.5M
Cisco Systems CSCO 27.44 27.81 27.12 27.48 66.6M
General Electric GE 36.40 36.84 36.24 36.71 57.6M
Oracle Corp. ORCL 20.22 21.46 20.19 21.22 56.4M
Pfizer PFE 23.56 24.10 23.53 23.98 46.2M
Apple AAPL 182.89 186.00 182.41 185.50 31.9M
ExxonMobil XOM 88.76 90.55 88.76 89.92 24M
AT&T Inc. T 38.00 38.50 37.71 38.42 22.9M
JPMorgan Chase JPM 44.54 45.19 43.93 44.90 20.6M
Wells Fargo & Co. WFC 32.29 32.53 31.84 32.40 19M
Wal-Mart Stores WMT 48.54 49.12 48.51 48.90 17.4M
Bristol-Myers Squibb BMY 29.35 29.50 28.42 29.26 17.3M
Verizon Communications VZ 44.05 44.55 43.72 44.52 15.4M
ConocoPhillips COP 81.29 81.78 80.60 81.36 14.4M
Home Depot HD 29.05 29.17 28.67 28.97 12.5M
HP Inc. HPQ 51.08 51.76 51.04 51.66 11.7M
Altria MO 77.97 78.20 77.40 77.80 11.6M
Merck MRK 58.45 59.63 57.89 59.40 10.9M
UnitedHealth Group UNH 54.94 54.94 54.23 54.68 10.9M
Abbott Laboratories ABT 57.95 58.16 57.48 58.16 10.7M
Chevron CVX 87.79 89.72 87.79 89.30 10.4M
Amgen AMGN 54.91 55.26 54.29 54.89 9.95M
Johnson & Johnson JNJ 68.09 68.25 67.45 68.21 9.75M
Procter & Gamble PG 73.37 74.08 72.91 73.81 9.68M
McDonald's MCD 59.31 59.86 59.06 59.51 9.49M
Schlumberger SLB 94.86 97.38 94.52 95.80 9.39M
Boeing BA 90.90 92.16 90.36 90.70 9.18M
Alphabet GOOGL 692.73 698.93 687.50 698.51 8.41M
Gilead Sciences GILD 45.78 47.05 45.56 46.78 7.53M
Walt Disney & Co. DIS 32.44 32.99 32.26 32.75 7.46M
Coca-Cola KO 62.84 63.05 62.45 63.05 7.31M
Amazon AMZN 94.99 94.99 91.98 93.19 6.61M
Pepsico PEP 75.81 76.79 75.62 76.27 6.58M
International Business Machines IBM 107.46 108.52 106.98 108.16 6.09M
United Technologies UTX 76.49 76.93 76.00 76.85 4.85M
3M MMM 82.69 83.99 82.51 83.76 3.26M
Union Pacific UNP 128.17 129.56 128.01 129.30 2.26M
Berkshire Hathaway BRK.B 4860.00 4930.00 4858.00 4905.00 32.9K
Exchange Rates of December 05, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.890 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.012 CAD 1 CAD = 0.988 USD
US Dollar Swiss Franc 1 USD = 1.127 CHF 1 CHF = 0.887 USD
US Dollar Chinese Yuan 1 USD = 7.393 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 162.040 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.721 GBP 1 GBP = 1.387 EUR
Euro Australian Dollar 1 EUR = 1.679 AUD 1 AUD = 0.596 EUR
Euro Canadian Dollar 1 EUR = 1.479 CAD 1 CAD = 0.676 EUR
Euro Swiss Franc 1 EUR = 1.648 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.445 GBP 1 GBP = 2.249 JPY
Japanese Yen Australian Dollar 1 JPY = 1.036 AUD 1 AUD = 0.966 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.912 CAD 1 CAD = 1.096 JPY
Japanese Yen Swiss Franc 1 JPY = 1.017 CHF 1 CHF = 0.984 JPY
Pound Sterling Australian Dollar 1 GBP = 2.329 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.051 CAD 1 CAD = 0.488 GBP
Pound Sterling Swiss Franc 1 GBP = 2.284 CHF 1 CHF = 0.438 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.880 CAD 1 CAD = 1.136 AUD
Australian Dollar Swiss Franc 1 AUD = 0.981 CHF 1 CHF = 1.020 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.114 CHF 1 CHF = 0.898 CAD

See what else happened on December 05, 2007