Financial news on November 5th, 2007

Business and Financial news
As Citigroup Chief Totters, CNBC Reporter Is Having a Great Year

After enduring accusations in the media of questionable interactions with Citigroup, CNBC’s Maria Bartiromo is now in the midst of a turnaround year. Read more..

By BILL CARTER - The New York Times

Barry Diller and the Fallacy of IAC

<p>Barry Diller’s decision to split IAC/InterActiveCorp into five parts says a lot about Mr. Diller’s restlessness. But it also shows the flaws in the strategy that he has been trying to pursue for a decade: building an Internet conglomerate.</p> Read more..

By SAUL HANSELL - The New York Times

Citigroup Names Rubin as Chairman and Plans More Write-Downs

The board of Citigroup accepted the resignation of Charles O. Prince III today and appointed Robert E. Rubin, the former Treasury secretary, as its chairman. Read more..

By ERIC DASH - The New York Times

Louis Vuitton Ad Shows Gorbachev Accompanied by Subversive Text

A recent Louis Vuitton ad featuring Mikhail S. Gorbachev showed the former Soviet leader toting a publication discussing the murder of Alexander V. Litvinenko. Read more..

By DAN LEVIN - The New York Times

New Media, New Value, Old Troubles

If the Hollywood screenwriters go on strike, the typical American household will not run out of content any time soon. But will the audience return after a lengthy strike? Read more..

By DAVID CARR - The New York Times

Next Hurdle for Ford and U.A.W. Will Be Selling Contract Proposal

Ford seeks to assure Wall Street that it is not backtracking on its revamping while the United Automobile Workers union will try to win support for the deal with a layoff-weary membership. Read more..


One Other Little Dance

With Google’s introduction of a cellphone operating system, it adds another front of competition with Apple, even though Eric Schmidt, Google’s chief executive, serves on Apple’s board. Read more..

By SAUL HANSELL - The New York Times

The GPhone: So Open It Could Be Closed

Google’s Android software is meant to support cellphones of many shapes and sizes. It is wide open to any applications, but wireless carriers have the freedom to lock phones more tightly than even an iPhone. Read more..

By SAUL HANSELL - The New York Times

The Higher Value of Eyeballs

Highlights from Bits, the technology blog updated all day at Read more..

By LOUISE STORY - The New York Times

The Latest in Job Cuts: Automated Poker Without Dealers

PokerPro mixes the speed and efficiency of Internet poker with the stare-them-down, in-your-face quality of playing live. Read more..

By MATT VILLANO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32,6433,2532,3833,0869.6M
General ElectricGE39,9540,5439,9540,2029.7M
Wells Fargo & Co.WFC32,0032,4631,5431,9329M
JPMorgan ChaseJPM42,6943,2041,6742,7728.9M
Oracle Corp.ORCL21,8322,2121,7622,0726.5M
AT&T Inc.T39,9840,3939,8840,0420.6M
Home DepotHD30,1530,1529,5329,8017.5M
Verizon CommunicationsVZ44,3544,4043,7243,8213.1M
Bristol-Myers SquibbBMY28,1329,3928,1329,1312.9M
Procter & GamblePG69,5370,9269,3870,1812.7M
Wal-Mart StoresWMT44,2544,3843,7844,0312.6M
HP Inc.HPQ51,8652,8451,7952,5412M
Johnson & JohnsonJNJ64,0164,8664,0164,4910.1M
Abbott LaboratoriesABT54,5054,5053,6054,029.7M
Gilead SciencesGILD46,6447,6546,0047,208.24M
Walt Disney & Co.DIS33,4034,2633,4033,887.98M
International Business MachinesIBM115,11115,11112,83113,407.16M
UnitedHealth GroupUNH48,5049,4648,5049,126.62M
United TechnologiesUTX75,0076,5175,0076,113.9M
Union PacificUNP125,00126,75124,60125,612.65M
Berkshire HathawayBRK.B4470,004472,004417,004437,0036.8K
Exchange Rates of November 5th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114,520 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,933 CAD1 CAD = 1,072 USD
US DollarSwiss Franc1 USD = 1,154 CHF1 CHF = 0,867 USD
US DollarChinese Yuan1 USD = 7,454 CNY1 CNY = 0,134 USD
EuroJapanese Yen1 EUR = 165,690 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,695 GBP1 GBP = 1,438 EUR
EuroAustralian Dollar1 EUR = 1,571 AUD1 AUD = 0,637 EUR
EuroCanadian Dollar1 EUR = 1,350 CAD1 CAD = 0,741 EUR
EuroSwiss Franc1 EUR = 1,669 CHF1 CHF = 0,599 EUR
Japanese YenPound Sterling1 JPY = 0,419 GBP1 GBP = 2,384 JPY
Japanese YenAustralian Dollar1 JPY = 0,948 AUD1 AUD = 1,055 JPY
Japanese YenCanadian Dollar1 JPY = 0,814 CAD1 CAD = 1,228 JPY
Japanese YenSwiss Franc1 JPY = 1,007 CHF1 CHF = 0,993 JPY
Pound SterlingAustralian Dollar1 GBP = 2,259 AUD1 AUD = 0,443 GBP
Pound SterlingCanadian Dollar1 GBP = 1,942 CAD1 CAD = 0,515 GBP
Pound SterlingSwiss Franc1 GBP = 2,400 CHF1 CHF = 0,417 GBP
Australian DollarCanadian Dollar1 AUD = 0,859 CAD1 CAD = 1,164 AUD
Australian DollarSwiss Franc1 AUD = 1,062 CHF1 CHF = 0,942 AUD
Canadian DollarSwiss Franc1 CAD = 1,236 CHF1 CHF = 0,809 CAD

See what else happened on November 5th, 2007