Financial news on November 08, 2007

Business and Financial news
Bending Ears on Economics as ’08 Nears

The selection of economic advisers by the top presidential candidates reveals policy differences among Democrats. Read more..

By LOUIS UCHITELLE - The New York Times

Bet on Citigroup Hurts a Prominent Investor

Among the investing cognoscenti, Edward S. Lampert is often mentioned in the same breath as Warren E. Buffett, but a recent investment in Citibank might tarnish that reputation. Read more..

By MICHAEL J. de la MERCED - The New York Times

Don’t Throw Out Your Broken iPod; Fix It via the Web

Gadget-fixing is adapting to the modern era. Web sites can help users find and share solutions that can save a device from the landfill. Read more..

By PETER WAYNER - The New York Times

For TV Executives, It’s Time to Juggle

As television and movie writers entered the third day of their strike against Hollywood producers, the walkout continued to complicate matters for the networks. Read more..

By BRIAN STELTER and EDWARD WYATT - The New York Times

India’s Solution for Oil Prices: Ban Speculation by Banning Trading

The suggestion that oil cease being traded on commodity exchanges is based on a widely held belief that investors are artificially driving up oil prices. Read more..

By HEATHER TIMMONS - The New York Times

Markets Jolted by Oil Surge and Worries Over Slowdown

Stock markets plummeted and the dollar sank today as investors grew skittish over rising oil prices and the prospect of a substantial U.S. economic slowdown. Read more..

By MICHAEL M. GRYNBAUM and PETER S. GOODMAN - The New York Times

Mining for a Blockbuster Merger

It’s hardly a done deal, but if BHP Billiton succeeds in acquiring its rival mining giant Rio Tinto, it would be a tie-up for the record books. Deal price tags have not been this high since 2000, a banner year for megamergers that brought us the union of America Online and Time Warner. Read more..

By DEALBOOK - The New York Times

Sleuthing for a Danger in Toy Beads

A biochemical geneticist’s story demonstrates how recalls come about, in a time when they are becoming routine. Read more..

By KEITH BRADSHER - The New York Times

Stock Market Continues Downhill

Hopes for a market rebound dimmed today as shares stayed in the red, extending yesterday’s 360-point swoon, with technology shares falling hardest of all. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

What Economic Slowdown? Small Businesses Grow Stronger

Even as oil prices surge, the housing market contracts, Wall Street reels and multibillion-dollar deals falter, small businesses are helping to buoy the economy. Read more..

By BRENT BOWERS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 30.41 31.09 29.51 29.63 192M
Microsoft MSFT 35.60 35.90 34.40 34.74 134M
Oracle Corp. ORCL 21.90 22.05 19.82 20.35 94.8M
Intel INTC 26.89 26.97 25.29 25.93 91.4M
Apple AAPL 186.67 186.90 167.77 175.47 67.5M
Pfizer PFE 23.34 23.42 22.99 23.11 60.4M
General Electric GE 39.20 39.32 37.50 39.02 53M
Wells Fargo & Co. WFC 31.39 31.67 30.57 31.48 41.8M
JPMorgan Chase JPM 42.51 42.92 40.68 42.61 37.3M
Comcast CMCSA 20.13 20.14 19.52 19.82 35.7M
Alphabet GOOGL 734.60 734.89 677.18 693.84 33M
ExxonMobil XOM 88.01 90.04 87.61 89.42 32.7M
AT&T Inc. T 38.69 40.23 38.58 39.34 29.6M
Home Depot HD 29.50 29.56 28.25 29.09 25.3M
HP Inc. HPQ 51.88 52.10 48.50 49.94 24.8M
International Business Machines IBM 110.10 110.32 103.99 106.11 23.1M
Wal-Mart Stores WMT 44.19 44.38 42.82 43.62 20.8M
ConocoPhillips COP 82.30 85.19 82.30 83.95 19.2M
Merck MRK 54.46 55.15 54.06 54.77 17.9M
Chevron CVX 87.97 90.59 87.70 89.18 17.6M
McDonald's MCD 59.21 59.59 58.81 59.37 17.4M
Johnson & Johnson JNJ 63.97 64.89 63.95 64.59 16.4M
Verizon Communications VZ 43.14 43.29 42.12 42.73 16.1M
Altria MO 72.33 72.93 71.97 72.72 14.9M
Procter & Gamble PG 69.76 71.02 69.10 70.84 14.4M
Abbott Laboratories ABT 53.80 54.08 52.95 53.92 14.3M
Coca-Cola KO 60.72 61.64 59.90 61.47 13M
Walt Disney & Co. DIS 33.44 33.83 32.89 33.63 12.1M
Amazon AMZN 86.80 86.96 81.40 83.58 11.8M
Amgen AMGN 56.96 57.07 55.98 56.03 11.8M
Schlumberger SLB 95.22 97.28 93.43 96.33 11.3M
Bristol-Myers Squibb BMY 28.75 28.93 28.38 28.73 11.2M
Gilead Sciences GILD 44.52 45.50 44.35 45.07 10.1M
3M MMM 83.34 83.58 81.53 82.83 7.58M
UnitedHealth Group UNH 50.09 50.35 49.54 50.29 7.34M
Boeing BA 96.97 97.25 94.90 96.28 6.99M
Pepsico PEP 72.40 73.75 72.00 73.50 6.82M
United Technologies UTX 74.82 75.14 74.02 74.70 6.18M
Union Pacific UNP 124.68 126.75 123.29 126.48 3.08M
Berkshire Hathaway BRK.B 4503.00 4527.00 4460.00 4485.00 33.5K
Exchange Rates of November 08, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 112.650 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.935 CAD 1 CAD = 1.070 USD
US Dollar Swiss Franc 1 USD = 1.128 CHF 1 CHF = 0.887 USD
US Dollar Chinese Yuan 1 USD = 7.421 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 165.340 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.696 GBP 1 GBP = 1.436 EUR
Euro Australian Dollar 1 EUR = 1.583 AUD 1 AUD = 0.632 EUR
Euro Canadian Dollar 1 EUR = 1.372 CAD 1 CAD = 0.729 EUR
Euro Swiss Franc 1 EUR = 1.655 CHF 1 CHF = 0.604 EUR
Japanese Yen Pound Sterling 1 JPY = 0.421 GBP 1 GBP = 2.376 JPY
Japanese Yen Australian Dollar 1 JPY = 0.957 AUD 1 AUD = 1.045 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.829 CAD 1 CAD = 1.206 JPY
Japanese Yen Swiss Franc 1 JPY = 1.001 CHF 1 CHF = 0.999 JPY
Pound Sterling Australian Dollar 1 GBP = 2.273 AUD 1 AUD = 0.440 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.970 CAD 1 CAD = 0.508 GBP
Pound Sterling Swiss Franc 1 GBP = 2.377 CHF 1 CHF = 0.421 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.866 CAD 1 CAD = 1.155 AUD
Australian Dollar Swiss Franc 1 AUD = 1.045 CHF 1 CHF = 0.957 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.206 CHF 1 CHF = 0.829 CAD

See what else happened on November 08, 2007