Financial news on November 9th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29,0629,2828,1528,58121M
Oracle Corp.ORCL19,9320,0719,3219,3677.2M
JPMorgan ChaseJPM41,4043,2941,1742,3143.6M
General ElectricGE38,5238,7538,1138,3842.7M
Wells Fargo & Co.WFC31,1332,4330,6531,6633.1M
AT&T Inc.T38,7439,9138,7439,2029.7M
Home DepotHD28,6928,9227,9928,0521.9M
Wal-Mart StoresWMT43,1543,4142,5042,9020.4M
HP Inc.HPQ49,1849,4347,8748,3920.2M
International Business MachinesIBM104,92104,9299,27100,2518.1M
UnitedHealth GroupUNH50,2052,2249,8951,6716.5M
Johnson & JohnsonJNJ63,8565,7563,8565,1616.2M
Verizon CommunicationsVZ42,0843,5442,0842,7716M
Walt Disney & Co.DIS32,8133,2032,0632,7414.9M
Abbott LaboratoriesABT53,3254,7653,3254,1213.2M
Procter & GamblePG70,5571,0070,3070,4211.9M
Bristol-Myers SquibbBMY28,3528,7928,2628,299.84M
Gilead SciencesGILD44,7045,1243,5543,577.19M
United TechnologiesUTX74,3174,4773,4273,516.89M
Union PacificUNP125,00126,38124,13124,652.44M
Berkshire HathawayBRK.B4485,004486,004400,004433,0034.1K
Exchange Rates of November 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 110,670 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,945 CAD1 CAD = 1,059 USD
US DollarSwiss Franc1 USD = 1,122 CHF1 CHF = 0,891 USD
US DollarChinese Yuan1 USD = 7,412 CNY1 CNY = 0,135 USD
EuroJapanese Yen1 EUR = 162,440 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,702 GBP1 GBP = 1,424 EUR
EuroAustralian Dollar1 EUR = 1,610 AUD1 AUD = 0,621 EUR
EuroCanadian Dollar1 EUR = 1,386 CAD1 CAD = 0,721 EUR
EuroSwiss Franc1 EUR = 1,648 CHF1 CHF = 0,607 EUR
Japanese YenPound Sterling1 JPY = 0,432 GBP1 GBP = 2,315 JPY
Japanese YenAustralian Dollar1 JPY = 0,991 AUD1 AUD = 1,010 JPY
Japanese YenCanadian Dollar1 JPY = 0,853 CAD1 CAD = 1,172 JPY
Japanese YenSwiss Franc1 JPY = 1,014 CHF1 CHF = 0,986 JPY
Pound SterlingAustralian Dollar1 GBP = 2,293 AUD1 AUD = 0,436 GBP
Pound SterlingCanadian Dollar1 GBP = 1,974 CAD1 CAD = 0,506 GBP
Pound SterlingSwiss Franc1 GBP = 2,346 CHF1 CHF = 0,426 GBP
Australian DollarCanadian Dollar1 AUD = 0,860 CAD1 CAD = 1,162 AUD
Australian DollarSwiss Franc1 AUD = 1,023 CHF1 CHF = 0,978 AUD
Canadian DollarSwiss Franc1 CAD = 1,188 CHF1 CHF = 0,842 CAD

See what else happened on November 9th, 2007