Financial news on December 05, 2007
Business and Financial news
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..
As Activision prepares to join forces with Vivendi Games, its chief executive faces an industry in transition. Read more..
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..
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..
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..
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..
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..
;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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.29||32.53||31.84||32.40||19M|
|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|
|Walt Disney & Co.||DIS||32.44||32.99||32.26||32.75||7.46M|
|International Business Machines||IBM||107.46||108.52||106.98||108.16||6.09M|
Exchange Rates of December 05, 2007
|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|