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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO30.4131.0929.5129.63192M
MicrosoftMSFT35.6035.9034.4034.74134M
Oracle Corp.ORCL21.9022.0519.8220.3594.8M
IntelINTC26.8926.9725.2925.9391.4M
AppleAAPL186.67186.90167.77175.4767.5M
PfizerPFE23.3423.4222.9923.1160.4M
General ElectricGE39.2039.3237.5039.0253M
Wells Fargo & Co.WFC31.3931.6730.5731.4841.8M
JPMorgan ChaseJPM42.5142.9240.6842.6137.3M
ComcastCMCSA20.1320.1419.5219.8235.7M
AlphabetGOOGL734.60734.89677.18693.8433M
ExxonMobilXOM88.0190.0487.6189.4232.7M
AT&T Inc.T38.6940.2338.5839.3429.6M
Home DepotHD29.5029.5628.2529.0925.3M
HP Inc.HPQ51.8852.1048.5049.9424.8M
International Business MachinesIBM110.10110.32103.99106.1123.1M
Wal-Mart StoresWMT44.1944.3842.8243.6220.8M
ConocoPhillipsCOP82.3085.1982.3083.9519.2M
MerckMRK54.4655.1554.0654.7717.9M
ChevronCVX87.9790.5987.7089.1817.6M
McDonald'sMCD59.2159.5958.8159.3717.4M
Johnson & JohnsonJNJ63.9764.8963.9564.5916.4M
Verizon CommunicationsVZ43.1443.2942.1242.7316.1M
AltriaMO72.3372.9371.9772.7214.9M
Procter & GamblePG69.7671.0269.1070.8414.4M
Abbott LaboratoriesABT53.8054.0852.9553.9214.3M
Coca-ColaKO60.7261.6459.9061.4713M
Walt Disney & Co.DIS33.4433.8332.8933.6312.1M
AmazonAMZN86.8086.9681.4083.5811.8M
AmgenAMGN56.9657.0755.9856.0311.8M
SchlumbergerSLB95.2297.2893.4396.3311.3M
Bristol-Myers SquibbBMY28.7528.9328.3828.7311.2M
Gilead SciencesGILD44.5245.5044.3545.0710.1M
3MMMM83.3483.5881.5382.837.58M
UnitedHealth GroupUNH50.0950.3549.5450.297.34M
BoeingBA96.9797.2594.9096.286.99M
PepsicoPEP72.4073.7572.0073.506.82M
United TechnologiesUTX74.8275.1474.0274.706.18M
Union PacificUNP124.68126.75123.29126.483.08M
Berkshire HathawayBRK.B4503.004527.004460.004485.0033.5K
Exchange Rates of November 08, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.650 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.935 CAD1 CAD = 1.070 USD
US DollarSwiss Franc1 USD = 1.128 CHF1 CHF = 0.887 USD
US DollarChinese Yuan1 USD = 7.421 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 165.340 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.696 GBP1 GBP = 1.436 EUR
EuroAustralian Dollar1 EUR = 1.583 AUD1 AUD = 0.632 EUR
EuroCanadian Dollar1 EUR = 1.372 CAD1 CAD = 0.729 EUR
EuroSwiss Franc1 EUR = 1.655 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.421 GBP1 GBP = 2.376 JPY
Japanese YenAustralian Dollar1 JPY = 0.957 AUD1 AUD = 1.045 JPY
Japanese YenCanadian Dollar1 JPY = 0.829 CAD1 CAD = 1.206 JPY
Japanese YenSwiss Franc1 JPY = 1.001 CHF1 CHF = 0.999 JPY
Pound SterlingAustralian Dollar1 GBP = 2.273 AUD1 AUD = 0.440 GBP
Pound SterlingCanadian Dollar1 GBP = 1.970 CAD1 CAD = 0.508 GBP
Pound SterlingSwiss Franc1 GBP = 2.377 CHF1 CHF = 0.421 GBP
Australian DollarCanadian Dollar1 AUD = 0.866 CAD1 CAD = 1.155 AUD
Australian DollarSwiss Franc1 AUD = 1.045 CHF1 CHF = 0.957 AUD
Canadian DollarSwiss Franc1 CAD = 1.206 CHF1 CHF = 0.829 CAD

See what else happened on November 08, 2007