Financial news on November 7th, 2007

Business and Financial news
A Model for Health Care That Pays for Quality

Seeing low fees for family doctors as a weak link in the nation’s health care system, some big employers and health insurers are seeking new ways to pay doctors to reward high-quality medical care. Read more..

By MILT FREUDENHEIM - The New York Times

Bonuses Likely to Shrink for Many on Wall Street

Wall Street bonuses are expected to be flat to down 15 percent, making them the latest victim of the subprime mortgage collapse and the tight credit market. Read more..

By JENNY ANDERSON - The New York Times

Facebook Everywhere

Once the company gets the bugs out of its system for social ads on its own site, Facebook will likely create a network to use its data to display advertising on other sites. Read more..

By SAUL HANSELL - The New York Times

Facebook’s Next Privacy Problem

Facebook’s plan to put pictures of your friends on ads will make you notice them more. But your friends may object to being used to shill products, and Facebook isn’t giving them a choice. Read more..

By SAUL HANSELL - The New York Times

High-Priced Oil Adds Volatility to Power Scramble

The prospect of triple-digit oil prices has redrawn the economic and political map of the world. Read more..

By MARK LANDLER - The New York Times

People and Accounts of Note

By THE NEW YORK TIMES. Read more..

By THE NEW YORK TIMES - The New York Times

Test to Guide Heart Treatment Inconclusive

A diagnostic test intended to identify patients who should receive heart defibrillators did not produce conclusive data, according to initial results from a clinical trial. Read more..

By BARNABY J. FEDER - The New York Times

Toy With Date-Rape Drug Recalled

A bead toy that just won an Australian Toy of the Year award was recalled by its manufacturer on Tuesday after media reports that a chemical in it turns into a powerful date-rape drug, GHB, when eaten. Read more..

By KEITH BRADSHER - The New York Times

Warning on Impact of China and India Oil Demand

Citing soaring demand for oil imports by China and India, the International Energy Agency urged oil producing countries to replenish inventories in light of record prices. Read more..


Within the Fed, Resistance to Further Rate Cuts

In an blunt interview, the head of the Federal Reserve Bank of Philadelphia said he would not back more rate cuts unless the economy slowed further than current estimates. Read more..

By EDMUND L. ANDREWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO34.0434.0932.5432.75138M
Wells Fargo & Co.WFC32.6933.0230.7530.7649.9M
General ElectricGE39.9039.9338.9939.0846.7M
Oracle Corp.ORCL22.5022.6922.0722.1038.1M
JPMorgan ChaseJPM42.9343.8142.1542.2429M
AT&T Inc.T39.4039.7138.6038.6626.9M
Wal-Mart StoresWMT44.0044.5943.8243.9317.6M
Home DepotHD29.7029.9229.3029.3416.5M
HP Inc.HPQ52.8653.4051.7551.8414.4M
Procter & GamblePG70.9870.9869.2369.4211.9M
Abbott LaboratoriesABT53.6254.7853.6253.7511.4M
Verizon CommunicationsVZ43.6743.8543.0543.1010.9M
Johnson & JohnsonJNJ64.1064.5363.7363.9110.8M
UnitedHealth GroupUNH49.7550.5449.5149.8510.5M
Bristol-Myers SquibbBMY28.8229.3528.6728.7310M
Gilead SciencesGILD46.5146.6644.5444.627.82M
Walt Disney & Co.DIS33.5334.0333.3133.507.56M
International Business MachinesIBM113.56113.64110.90111.087.09M
United TechnologiesUTX76.1176.4774.3774.464.95M
Union PacificUNP124.95126.24123.33124.572.49M
Berkshire HathawayBRK.B4496.004510.504467.004503.0021.3K
Exchange Rates of November 7th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.610 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.930 CAD1 CAD = 1.075 USD
US DollarSwiss Franc1 USD = 1.133 CHF1 CHF = 0.882 USD
US DollarChinese Yuan1 USD = 7.443 CNY1 CNY = 0.134 USD
EuroJapanese Yen1 EUR = 164.810 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.696 GBP1 GBP = 1.436 EUR
EuroAustralian Dollar1 EUR = 1.576 AUD1 AUD = 0.634 EUR
EuroCanadian Dollar1 EUR = 1.361 CAD1 CAD = 0.735 EUR
EuroSwiss Franc1 EUR = 1.659 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.422 GBP1 GBP = 2.369 JPY
Japanese YenAustralian Dollar1 JPY = 0.956 AUD1 AUD = 1.046 JPY
Japanese YenCanadian Dollar1 JPY = 0.826 CAD1 CAD = 1.211 JPY
Japanese YenSwiss Franc1 JPY = 1.006 CHF1 CHF = 0.994 JPY
Pound SterlingAustralian Dollar1 GBP = 2.264 AUD1 AUD = 0.442 GBP
Pound SterlingCanadian Dollar1 GBP = 1.955 CAD1 CAD = 0.511 GBP
Pound SterlingSwiss Franc1 GBP = 2.382 CHF1 CHF = 0.420 GBP
Australian DollarCanadian Dollar1 AUD = 0.863 CAD1 CAD = 1.159 AUD
Australian DollarSwiss Franc1 AUD = 1.052 CHF1 CHF = 0.951 AUD
Canadian DollarSwiss Franc1 CAD = 1.218 CHF1 CHF = 0.821 CAD

See what else happened on November 7th, 2007