Financial news on November 09, 2007

Business and Financial news
An Abrupt Slide for Technology Shares

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

Apple Notes: Another iPhone Jailbreak

Apple locks the iPhone, and hackers release it. Again. Read more..

By SAUL HANSELL - The New York Times

E-Mail Scammers Ask Your Friends for Money

In the latest Nigerian e-mail scam, the crooks are taking a page from Facebook and leveraging the power of social connections. Read more..

By DAVID F. GALLAGHER - The New York Times

European Central Bank Chief Laments Euro’s Climb

Jean-Claude Trichet’s remarks reflect concerns that the euro’s ascent against the dollar is making life harder for European businesses. Read more..

By CARTER DOUGHERTY - The New York Times

Italy: Utility’s Profit Rises 5%

Enel, the Italian utility, said third-quarter profit rose 5.1 percent as international units sold more power. Read more..

By BLOOMBERG NEWS - The New York Times

People in the News

Comings and goings in business world. Read more..

By THE NEW YORK TIMES - The New York Times

Reading the Tea Leaves of Financial Statements

Looking at the current subprime mortgage crisis through the haze of markets and credit. Read more..

By FLOYD NORRIS - The New York Times

Stocks Post Steep Losses, Capping Painful Week

Another large bank said it would write down the value of some of its assets, reigniting fears of a credit squeeze. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stores See Shoppers in Retreat

The nation’s big retail chains reported the weakest October in 12 years, blaming economic clouds that show no signs of lifting before the end of the year. Read more..

By MICHAEL BARBARO - The New York Times

Stronger Warnings on 3 Drugs for Anemia

Amgen and Johnson & Johnson strengthened the label warnings for their anemia drugs, placing further emphasis on the risk of heart attacks, a worsening of cancer and death. Read more..

By ANDREW POLLACK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 34.18 34.54 33.65 33.73 125M
Cisco Systems CSCO 29.06 29.28 28.15 28.58 121M
Oracle Corp. ORCL 19.93 20.07 19.32 19.36 77.2M
Intel INTC 25.36 25.65 25.00 25.15 71.7M
Apple AAPL 171.15 175.12 165.21 165.37 54.5M
Pfizer PFE 23.11 23.18 22.80 22.83 48.5M
JPMorgan Chase JPM 41.40 43.29 41.17 42.31 43.6M
General Electric GE 38.52 38.75 38.11 38.38 42.7M
Wells Fargo & Co. WFC 31.13 32.43 30.65 31.66 33.1M
Comcast CMCSA 19.50 19.65 19.29 19.38 32.4M
AT&T Inc. T 38.74 39.91 38.74 39.20 29.7M
ExxonMobil XOM 88.94 88.99 86.52 86.85 27.6M
Merck MRK 55.52 57.74 55.52 55.90 25.4M
Alphabet GOOGL 675.78 681.88 661.21 663.97 22.8M
Home Depot HD 28.69 28.92 27.99 28.05 21.9M
Wal-Mart Stores WMT 43.15 43.41 42.50 42.90 20.4M
HP Inc. HPQ 49.18 49.43 47.87 48.39 20.2M
International Business Machines IBM 104.92 104.92 99.27 100.25 18.1M
ConocoPhillips COP 82.64 83.57 81.50 82.56 16.5M
UnitedHealth Group UNH 50.20 52.22 49.89 51.67 16.5M
Johnson & Johnson JNJ 63.85 65.75 63.85 65.16 16.2M
Verizon Communications VZ 42.08 43.54 42.08 42.77 16M
Altria MO 73.26 73.50 72.65 72.71 15.3M
Walt Disney & Co. DIS 32.81 33.20 32.06 32.74 14.9M
Abbott Laboratories ABT 53.32 54.76 53.32 54.12 13.2M
Procter & Gamble PG 70.55 71.00 70.30 70.42 11.9M
Amgen AMGN 55.90 55.95 54.01 54.28 11.8M
Amazon AMZN 82.42 82.42 78.84 78.89 11.6M
Chevron CVX 88.90 88.90 87.10 87.26 10.2M
McDonald's MCD 59.00 59.27 58.10 58.31 10M
Bristol-Myers Squibb BMY 28.35 28.79 28.26 28.29 9.84M
3M MMM 79.98 81.50 79.18 79.51 9.14M
Coca-Cola KO 61.50 61.75 60.63 60.83 9.09M
Schlumberger SLB 95.25 97.14 94.34 94.76 7.75M
Gilead Sciences GILD 44.70 45.12 43.55 43.57 7.19M
United Technologies UTX 74.31 74.47 73.42 73.51 6.89M
Pepsico PEP 73.60 74.23 72.81 73.48 6.69M
Boeing BA 95.08 95.75 94.07 94.21 6.13M
Union Pacific UNP 125.00 126.38 124.13 124.65 2.44M
Berkshire Hathaway BRK.B 4485.00 4486.00 4400.00 4433.00 34.1K
Exchange Rates of November 09, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.670 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.945 CAD 1 CAD = 1.059 USD
US Dollar Swiss Franc 1 USD = 1.122 CHF 1 CHF = 0.891 USD
US Dollar Chinese Yuan 1 USD = 7.412 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 162.440 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.702 GBP 1 GBP = 1.424 EUR
Euro Australian Dollar 1 EUR = 1.610 AUD 1 AUD = 0.621 EUR
Euro Canadian Dollar 1 EUR = 1.386 CAD 1 CAD = 0.721 EUR
Euro Swiss Franc 1 EUR = 1.648 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.432 GBP 1 GBP = 2.315 JPY
Japanese Yen Australian Dollar 1 JPY = 0.991 AUD 1 AUD = 1.010 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.853 CAD 1 CAD = 1.172 JPY
Japanese Yen Swiss Franc 1 JPY = 1.014 CHF 1 CHF = 0.986 JPY
Pound Sterling Australian Dollar 1 GBP = 2.293 AUD 1 AUD = 0.436 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.974 CAD 1 CAD = 0.506 GBP
Pound Sterling Swiss Franc 1 GBP = 2.346 CHF 1 CHF = 0.426 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.860 CAD 1 CAD = 1.162 AUD
Australian Dollar Swiss Franc 1 AUD = 1.023 CHF 1 CHF = 0.978 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.188 CHF 1 CHF = 0.842 CAD

See what else happened on November 09, 2007