Financial news on December 07, 2011

Business and Financial news
Bank of America’s Merrill Unit in Mortgage Settlement

Bank of America agrees to pay $315 million to settle claims by investors who say they were misled about mortgage securities offered by its Merrill Lynch unit. Read more..

By THE ASSOCIATED PRESS - The New York Times

Lehman Case Closes Chapter

Lehman Brothers Holdings won court approval for its reorganization plan, allowing it to end the largest bankruptcy in American history. Read more..

By REUTERS - The New York Times

Markets Optimistic a Resolution To the Euro Crisis Will Be Found

Dow Jones industrial average adds 52.30 points, or 0.43 percent, to 12,150.13; Standard & Poor's 500-stock index advances 1.39 points, or 0.11 percent, to 1,258.47; Nasdaq composite index loses 6.20 points, or 0.23 percent, to 2,649.56. Read more..

By BLOOMBERG NEWS - The New York Times

New European Bank Chief Takes a Bold Approach

European Central Bank president Mario Draghi, one month since taking office, is setting his own course as he prepares for an upcoming meeting with the bank's policy council; Draghi has already presided over an interest rate cute, indicated a greater willingness to use the bank's resources to fight the European debt crisis and increased pressure on governments to remake the euro zone. Read more..

By JACK EWING - The New York Times

Putting Technology to Work for Play

New tech toys as gift possibilities include scaled-down tablets for children, toys that talk and dance, and some creative uses for Apple devices. Read more..

By WARREN BUCKLEITNER - The New York Times

Some Instant Motivation for the Fitness Conscious

New fitness devices and gadgets are highlighted that can help transform even a mundane workout, including Jawbone's Up bracelet, Fitbit's Ultra and the NikePlus SportWatch. Read more..

By JENNA WORTHAM - The New York Times

The Culture Was Corrupt at Olympus, Panel Finds

Outside panel appointed by Olympus to investigate its financial scandal calls corporate culture at the company corrupt in scathing report on recently departed management, but says it found no link to organized crime; report details how Olympus persuaded several banks to submit incomplete financial statements to auditors in an apparent attempt to hide failed investments during the 1990s; there is no indication the banks had any knowledge of wrongdoing. Read more..

By HIROKO TABUCHI and KEITH BRADSHER - The New York Times

The Defense Department in Their Midst

Debate continues on decision to move 3,600 Defense Department employees into the Mark Center in Alexandria, Virginia; critics of the nearly $1 billion project to consolidate the department's offices say the Mark Center is now a terrorist target; Read more..

By FRED A. BERNSTEIN - The New York Times

Today’s Scuttlebot: Ultraslim Laptops and a Facebook Glitch

The technology reporters and editors of The New York Times scour the Web each day for interesting items. Today’s selection includes Intel’s push on thin laptops and a bug at Facebook that exposed some private photos. Read more..

By THE NEW YORK TIMES - The New York Times

Touch-Up Software for Smoothing Over Imperfections Like a Pro

Software programs from Nik, OnOne and Tiffen automate some of the steps that professional photographers take to enhance their shots. Read more..

By ROY FURCHGOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,6816,8316,5316,7465.3M
MicrosoftMSFT25,6725,7625,3425,6062.7M
Cisco SystemsCSCO18,7619,0518,5718,9954.9M
IntelINTC25,3325,7825,1325,6654.8M
PfizerPFE20,1220,6320,1020,4747.8M
JPMorgan ChaseJPM32,8234,1932,7234,0044.7M
AT&T Inc.T29,1429,4028,9829,4040.8M
Oracle Corp.ORCL31,2931,8130,8231,5431.4M
Wells Fargo & Co.WFC26,4527,2126,3527,0528.1M
MerckMRK35,2835,7835,2035,6120.8M
ExxonMobilXOM80,6181,8680,3581,0819.6M
AmgenAMGN57,8558,5257,7358,3418.7M
Abbott LaboratoriesABT54,3954,8854,0654,7018.1M
HP Inc.HPQ27,8728,5827,6828,4117.9M
Wal-Mart StoresWMT58,3559,2058,2658,5115.8M
ComcastCMCSA23,0923,3322,7523,1314.4M
Bristol-Myers SquibbBMY33,0833,7233,0733,5312.9M
Home DepotHD40,0840,9340,0440,7312.2M
Verizon CommunicationsVZ38,3438,4537,8038,3112.1M
Johnson & JohnsonJNJ63,5764,8163,3764,4511.5M
ConocoPhillipsCOP72,1772,8871,6572,4111.2M
Procter & GamblePG64,7965,5064,6565,2311.1M
AppleAAPL389,93390,94386,76389,0910.9M
AltriaMO28,6828,9328,4428,8310.8M
ChevronCVX104,22105,74103,97104,5210.3M
UnitedHealth GroupUNH47,9949,7047,8249,3410.2M
SchlumbergerSLB75,7976,1074,3475,099.84M
Walt Disney & Co.DIS36,7137,3336,4637,109.54M
General MotorsGM21,6222,1121,4821,949.19M
Gilead SciencesGILD39,6839,7939,4039,428.7M
Coca-ColaKO66,5567,0766,2066,788.42M
BoeingBA70,3071,5169,6470,606.46M
AmazonAMZN191,03196,71189,12195,326.43M
PepsicoPEP64,4565,1764,2364,915.64M
Berkshire HathawayBRK.B77,8278,9076,9678,725.41M
United TechnologiesUTX75,9076,6374,6976,255.18M
McDonald'sMCD95,8396,6595,5096,455.14M
International Business MachinesIBM191,99194,90191,28194,055.08M
AlphabetGOOGL621,68625,66618,10623,394.51M
3MMMM82,0382,7380,7882,394.31M
VisaV95,2797,4595,0597,074.01M
Union PacificUNP102,54103,10100,98102,522.29M
Exchange Rates of December 07, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77,680 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 1,009 CAD1 CAD = 0,991 USD
US DollarSwiss Franc1 USD = 0,924 CHF1 CHF = 1,083 USD
US DollarChinese Yuan1 USD = 6,365 CNY1 CNY = 0,157 USD
EuroJapanese Yen1 EUR = 104,190 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,853 GBP1 GBP = 1,172 EUR
EuroAustralian Dollar1 EUR = 1,303 AUD1 AUD = 0,768 EUR
EuroCanadian Dollar1 EUR = 1,353 CAD1 CAD = 0,739 EUR
EuroSwiss Franc1 EUR = 1,239 CHF1 CHF = 0,807 EUR
EuroChinese Yuan1 EUR = 8,543 CNY1 CNY = 0,117 EUR
Japanese YenPound Sterling1 JPY = 0,819 GBP1 GBP = 1,221 JPY
Japanese YenAustralian Dollar1 JPY = 1,250 AUD1 AUD = 0,800 JPY
Japanese YenCanadian Dollar1 JPY = 1,299 CAD1 CAD = 0,770 JPY
Japanese YenSwiss Franc1 JPY = 1,189 CHF1 CHF = 0,841 JPY
Pound SterlingAustralian Dollar1 GBP = 1,526 AUD1 AUD = 0,655 GBP
Pound SterlingCanadian Dollar1 GBP = 1,585 CAD1 CAD = 0,631 GBP
Pound SterlingSwiss Franc1 GBP = 1,451 CHF1 CHF = 0,689 GBP
Pound SterlingChinese Yuan1 GBP = 10,006 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 1,039 CAD1 CAD = 0,963 AUD
Australian DollarSwiss Franc1 AUD = 0,950 CHF1 CHF = 1,052 AUD
Australian DollarChinese Yuan1 AUD = 6,560 CNY1 CNY = 0,152 AUD
Canadian DollarSwiss Franc1 CAD = 0,915 CHF1 CHF = 1,093 CAD
Canadian DollarChinese Yuan1 CAD = 6,311 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,896 CNY1 CNY = 0,145 CHF

See what else happened on December 07, 2011