Financial news on December 08, 2011

Business and Financial news
A Business Ponders Whether Its Location Is Perfect, or a Disaster

Case Study column examines Pulling Down the Moon, which offers yoga classes and other services to women undergoing fertility treatments; notes its Chicago office is reconsidering relocating after flooding. Read more..

By JOHN GROSSMANN - The New York Times

BlackBerry Maker Changes New Operating System’s Name

Research in Motion changes name of its new operating system to revive the BlackBerry brand from BBX to BlackBerry 10; change follows grant of restraining order to Basis International, which has long used the name BBx. Read more..

By IAN AUSTEN - The New York Times

Charity Campaigns Try Gentle Approach to Get Shoppers to Spend on Good Deeds

Elizabeth Olson Advertising column highlights charity campaigns by the American Red Cross and Oxfam America. Read more..

By ELIZABETH OLSON - The New York Times

Daily Deals, Sent Right to Your Pocket

Bob Tedeschi App Smart column highlights free daily shopping deal smartphone apps, including those from Groupon and LivingSocial. Read more..

By BOB TEDESCHI - The New York Times

Dollar-Loan Demand Swells In Europe After Rate Cut

European Central Bank says demand for three-month dollar loans surged after cutting financing cost almost in half in a coordinated action with five other central banks including the Federal Reserve; it will lend $50.7 billion to 34 banks for 84 days at rate of 0.59 percent, compared with $395 million lent in previous three-month offering at 1.09 percent. Read more..

By BLOOMBERG NEWS - The New York Times

Free Money for the Packers

Reuters BreakingViews column observes the champion Green Bay Packers are selling stock in the team for $250 a share to raise millions to refurbish the team stadium, but the shares give buyers few rights; notes Federal Reserve chief Ben S Bernanke would get less flak if Fed managed its communication better regarding role as crisis lender. Read more..

By JEFFREY GOLDFARB and AGNES T. CRANE - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By WILLIAM ALDEN - The New York Times

Reliance on Credit in Spending Rises in U.S.

Federal Reserve reports consumer borrowing in United States rose by $7.65 billion in October to $2.46 trillion, up at annual rate of 3.7 percent, most since October 2009; rate in September was up 3.4 percent. Read more..

By BLOOMBERG NEWS - The New York Times

Shares Gain on Hope Euro Zone Can Find a Solution to Its Debt Crisis

Markets rise on hopes euro zone will find solution to its debt crisis; Dow Jones industrial average rises 46.24 points, or 0.38 percent, to 12,196.37; Standard & Poor's 500-stock index rises 2.54 points, or 0.20 percent, to 1,261.01; Nasdaq composite index falls 0.35 points, or 0.01 percent, to 2,649.21. Read more..

By REUTERS - The New York Times

Tech Talk Podcast: Say Nice Things

Guests on this week’s podcast include Daniel Mohan of ID Watchdog, who explains how people’s identities can be stolen (and what to do about it), and Will Lucas, who discusses Thankyouaga.in, a new social app for positive posts. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16,58 16,65 16,25 16,31 79.7M
Microsoft MSFT 25,48 25,72 25,37 25,40 60.5M
Intel INTC 25,45 25,53 24,63 24,71 58M
JPMorgan Chase JPM 33,55 33,70 32,08 32,22 47.8M
Cisco Systems CSCO 18,87 19,07 18,45 18,57 47.3M
Merck MRK 35,67 35,73 35,07 35,19 42.4M
Altria MO 28,75 28,90 28,49 28,53 41.6M
Amgen AMGN 58,60 59,43 56,00 58,41 41.6M
Pfizer PFE 20,32 20,54 20,12 20,19 36M
Wells Fargo & Co. WFC 26,69 26,85 26,06 26,19 29.4M
Oracle Corp. ORCL 31,24 31,50 30,65 30,74 24.5M
AT&T Inc. T 29,23 29,24 28,81 28,86 22.6M
HP Inc. HPQ 28,17 28,67 27,56 27,66 21.7M
ExxonMobil XOM 80,75 80,85 79,55 79,87 18.4M
Comcast CMCSA 22,92 22,97 22,41 22,47 14.6M
Verizon Communications VZ 38,15 38,25 37,81 37,81 13.9M
Apple AAPL 391,45 395,50 390,23 390,66 13.4M
Abbott Laboratories ABT 54,58 54,75 54,07 54,18 13M
Schlumberger SLB 74,24 75,35 71,65 71,95 12.3M
Home Depot HD 40,49 40,80 39,84 39,91 12M
General Motors GM 21,76 21,76 20,85 20,98 11.5M
Bristol-Myers Squibb BMY 33,24 33,66 33,24 33,31 10.6M
Wal-Mart Stores WMT 58,39 58,55 57,87 57,98 10.4M
ConocoPhillips COP 72,06 72,33 70,80 71,02 9.98M
Walt Disney & Co. DIS 36,86 36,96 35,82 35,92 9.88M
Johnson & Johnson JNJ 64,14 64,45 63,56 63,78 9.57M
UnitedHealth Group UNH 49,23 49,55 47,98 48,16 8.64M
Procter & Gamble PG 64,87 65,00 64,30 64,47 8.35M
McDonald's MCD 97,03 98,29 96,72 96,92 8.12M
Coca-Cola KO 66,70 67,24 66,56 66,73 8.06M
Chevron CVX 104,00 104,80 101,95 102,25 7.72M
Gilead Sciences GILD 39,40 39,40 38,68 38,73 7.25M
Boeing BA 70,46 71,13 69,83 70,17 6.03M
Berkshire Hathaway BRK.B 77,82 77,99 76,66 76,94 5.84M
Pepsico PEP 64,54 65,14 64,22 64,33 5.17M
Alphabet GOOGL 621,04 627,45 615,30 616,05 4.82M
International Business Machines IBM 192,48 193,80 191,07 191,58 4.37M
Amazon AMZN 193,57 195,89 190,08 190,48 4.36M
United Technologies UTX 75,67 76,13 74,09 74,37 4.29M
3M MMM 81,83 82,14 80,26 80,46 3.98M
Visa V 96,94 97,87 95,59 95,80 3.56M
Union Pacific UNP 102,22 102,22 100,01 100,37 3.15M
Exchange Rates of December 08, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77,620 JPY 1 JPY = 0,013 USD
US Dollar Canadian Dollar 1 USD = 1,023 CAD 1 CAD = 0,978 USD
US Dollar Swiss Franc 1 USD = 0,926 CHF 1 CHF = 1,080 USD
US Dollar Chinese Yuan 1 USD = 6,363 CNY 1 CNY = 0,157 USD
Euro Japanese Yen 1 EUR = 103,550 JPY 1 JPY = 0,010 EUR
Euro Pound Sterling 1 EUR = 0,854 GBP 1 GBP = 1,172 EUR
Euro Australian Dollar 1 EUR = 1,312 AUD 1 AUD = 0,762 EUR
Euro Canadian Dollar 1 EUR = 1,365 CAD 1 CAD = 0,733 EUR
Euro Swiss Franc 1 EUR = 1,236 CHF 1 CHF = 0,809 EUR
Euro Chinese Yuan 1 EUR = 8,483 CNY 1 CNY = 0,118 EUR
Japanese Yen Pound Sterling 1 JPY = 0,824 GBP 1 GBP = 1,214 JPY
Japanese Yen Australian Dollar 1 JPY = 1,266 AUD 1 AUD = 0,790 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,317 CAD 1 CAD = 0,759 JPY
Japanese Yen Swiss Franc 1 JPY = 1,192 CHF 1 CHF = 0,839 JPY
Pound Sterling Australian Dollar 1 GBP = 1,536 AUD 1 AUD = 0,651 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,598 CAD 1 CAD = 0,626 GBP
Pound Sterling Swiss Franc 1 GBP = 1,446 CHF 1 CHF = 0,691 GBP
Pound Sterling Chinese Yuan 1 GBP = 9,934 CNY 1 CNY = 0,101 GBP
Australian Dollar Canadian Dollar 1 AUD = 1,040 CAD 1 CAD = 0,962 AUD
Australian Dollar Swiss Franc 1 AUD = 0,941 CHF 1 CHF = 1,063 AUD
Australian Dollar Chinese Yuan 1 AUD = 6,463 CNY 1 CNY = 0,155 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,905 CHF 1 CHF = 1,105 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,218 CNY 1 CNY = 0,161 CAD
Swiss Franc Chinese Yuan 1 CHF = 6,864 CNY 1 CNY = 0,146 CHF

See what else happened on December 08, 2011