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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.68 16.83 16.53 16.74 65.3M
Microsoft MSFT 25.67 25.76 25.34 25.60 62.7M
Cisco Systems CSCO 18.76 19.05 18.57 18.99 54.9M
Intel INTC 25.33 25.78 25.13 25.66 54.8M
Pfizer PFE 20.12 20.63 20.10 20.47 47.8M
JPMorgan Chase JPM 32.82 34.19 32.72 34.00 44.7M
AT&T Inc. T 29.14 29.40 28.98 29.40 40.8M
Oracle Corp. ORCL 31.29 31.81 30.82 31.54 31.4M
Wells Fargo & Co. WFC 26.45 27.21 26.35 27.05 28.1M
Merck MRK 35.28 35.78 35.20 35.61 20.8M
ExxonMobil XOM 80.61 81.86 80.35 81.08 19.6M
Amgen AMGN 57.85 58.52 57.73 58.34 18.7M
Abbott Laboratories ABT 54.39 54.88 54.06 54.70 18.1M
HP Inc. HPQ 27.87 28.58 27.68 28.41 17.9M
Wal-Mart Stores WMT 58.35 59.20 58.26 58.51 15.8M
Comcast CMCSA 23.09 23.33 22.75 23.13 14.4M
Bristol-Myers Squibb BMY 33.08 33.72 33.07 33.53 12.9M
Home Depot HD 40.08 40.93 40.04 40.73 12.2M
Verizon Communications VZ 38.34 38.45 37.80 38.31 12.1M
Johnson & Johnson JNJ 63.57 64.81 63.37 64.45 11.5M
ConocoPhillips COP 72.17 72.88 71.65 72.41 11.2M
Procter & Gamble PG 64.79 65.50 64.65 65.23 11.1M
Apple AAPL 389.93 390.94 386.76 389.09 10.9M
Altria MO 28.68 28.93 28.44 28.83 10.8M
Chevron CVX 104.22 105.74 103.97 104.52 10.3M
UnitedHealth Group UNH 47.99 49.70 47.82 49.34 10.2M
Schlumberger SLB 75.79 76.10 74.34 75.09 9.84M
Walt Disney & Co. DIS 36.71 37.33 36.46 37.10 9.54M
General Motors GM 21.62 22.11 21.48 21.94 9.19M
Gilead Sciences GILD 39.68 39.79 39.40 39.42 8.7M
Coca-Cola KO 66.55 67.07 66.20 66.78 8.42M
Boeing BA 70.30 71.51 69.64 70.60 6.46M
Amazon AMZN 191.03 196.71 189.12 195.32 6.43M
Pepsico PEP 64.45 65.17 64.23 64.91 5.64M
Berkshire Hathaway BRK.B 77.82 78.90 76.96 78.72 5.41M
United Technologies UTX 75.90 76.63 74.69 76.25 5.18M
McDonald's MCD 95.83 96.65 95.50 96.45 5.14M
International Business Machines IBM 191.99 194.90 191.28 194.05 5.08M
Alphabet GOOGL 621.68 625.66 618.10 623.39 4.51M
3M MMM 82.03 82.73 80.78 82.39 4.31M
Visa V 95.27 97.45 95.05 97.07 4.01M
Union Pacific UNP 102.54 103.10 100.98 102.52 2.29M
Exchange Rates of December 07, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.680 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 1.009 CAD 1 CAD = 0.991 USD
US Dollar Swiss Franc 1 USD = 0.924 CHF 1 CHF = 1.083 USD
US Dollar Chinese Yuan 1 USD = 6.365 CNY 1 CNY = 0.157 USD
Euro Japanese Yen 1 EUR = 104.190 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.853 GBP 1 GBP = 1.172 EUR
Euro Australian Dollar 1 EUR = 1.303 AUD 1 AUD = 0.768 EUR
Euro Canadian Dollar 1 EUR = 1.353 CAD 1 CAD = 0.739 EUR
Euro Swiss Franc 1 EUR = 1.239 CHF 1 CHF = 0.807 EUR
Euro Chinese Yuan 1 EUR = 8.543 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.819 GBP 1 GBP = 1.221 JPY
Japanese Yen Australian Dollar 1 JPY = 1.250 AUD 1 AUD = 0.800 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.299 CAD 1 CAD = 0.770 JPY
Japanese Yen Swiss Franc 1 JPY = 1.189 CHF 1 CHF = 0.841 JPY
Pound Sterling Australian Dollar 1 GBP = 1.526 AUD 1 AUD = 0.655 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.585 CAD 1 CAD = 0.631 GBP
Pound Sterling Swiss Franc 1 GBP = 1.451 CHF 1 CHF = 0.689 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.006 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.039 CAD 1 CAD = 0.963 AUD
Australian Dollar Swiss Franc 1 AUD = 0.950 CHF 1 CHF = 1.052 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.560 CNY 1 CNY = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.915 CHF 1 CHF = 1.093 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.311 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.896 CNY 1 CNY = 0.145 CHF

See what else happened on December 07, 2011