Financial news on December 10, 2007

Business and Financial news
Deloitte Agrees to Pay $1 Million Fine

The settlement stems from accusations that the firm botched an audit of a pharmaceutical company by entrusting it to a partner it knew to be a poor auditor. Read more..

By FLOYD NORRIS - The New York Times

Looking Ahead

Key milestones expected in the week ahead. Read more..

By THE NEW YORK TIMES - The New York Times

Muckraking Pays, Just Not in Profit

Amid the financial pressures facing the newspaper industry, investigative journalism has been hit hard. Read more..

By DAVID CARR - The New York Times

Nokia Pushes to Regain U.S. Sales in Spite of Apple and Google

Although it is the largest handset maker in the world, Nokia has languished in the American market, hurt by its refusal to adapt its strategy to the market’s idiosyncrasies. Read more..

By MARK LANDLER - The New York Times

Paying for Free Web Information

Looking for ways to ease the complicated relationship between newspaper publishers and giant search engines like Google and Yahoo. Read more..

By NOAM COHEN - The New York Times

People and Accounts of Note

Ad newsletter, Part 3. Read more..

By THE NEW YORK TIMES - The New York Times

Roger M. King, 63, TV Syndicator, Dies

Mr. King helped make national stars of talents like Oprah Winfrey, Alex Trebek and Dr. Phil McGraw through King World productions, a company he co-founded. Read more..

By STEVE LOHR - The New York Times

The ’60s as the Good Old Days

A new trend in advertising presents many of the contentious aspects of the ’60s — the protests, the hippies, the challenge to authority — in a positive, even romanticized light. Read more..

By STUART ELLIOTT - The New York Times

Treasury Auctions Set for This Week

The Treasury’s schedule of financing this week includes Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. Read more..

By THE NEW YORK TIMES - The New York Times

UBS Sells Stake After Write-Down

UBS became the latest bank to seek a lifeline from the East as it wrote down $10 billion in mortgage-related assets. Read more..

By MARK LANDLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.6828.0027.4227.6658.2M
General ElectricGE37.2837.4937.0537.4144.7M
AT&T Inc.T38.3138.5037.7837.9031.7M
Oracle Corp.ORCL21.2921.6921.2321.6425.3M
JPMorgan ChaseJPM46.6747.8746.5547.4223.4M
Wells Fargo & Co.WFC31.8032.9031.7632.6419.9M
HP Inc.HPQ51.5952.2051.2351.9712.7M
Wal-Mart StoresWMT49.0449.6848.9249.4312.6M
Walt Disney & Co.DIS32.9032.9732.2732.3512.3M
Home DepotHD29.1329.6529.0529.5911.9M
Abbott LaboratoriesABT58.2259.1558.1558.9011.4M
UnitedHealth GroupUNH56.6557.9556.4857.8711.2M
Verizon CommunicationsVZ45.3045.5045.1845.3510.7M
Johnson & JohnsonJNJ67.6368.0067.4567.798.32M
Procter & GamblePG74.1674.6074.0874.336.52M
Gilead SciencesGILD47.6547.9047.1047.746.51M
Bristol-Myers SquibbBMY29.3729.4029.1229.315.2M
International Business MachinesIBM109.00110.26109.00109.394.44M
United TechnologiesUTX78.3978.9578.1378.832.4M
Union PacificUNP135.20135.72133.87135.261.15M
Berkshire HathawayBRK.B4970.004990.004965.004985.0021.5K
Exchange Rates of December 10, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111.680 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.007 CAD1 CAD = 0.993 USD
US DollarSwiss Franc1 USD = 1.128 CHF1 CHF = 0.887 USD
US DollarChinese Yuan1 USD = 7.396 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 164.340 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.719 GBP1 GBP = 1.391 EUR
EuroAustralian Dollar1 EUR = 1.662 AUD1 AUD = 0.602 EUR
EuroCanadian Dollar1 EUR = 1.482 CAD1 CAD = 0.675 EUR
EuroSwiss Franc1 EUR = 1.659 CHF1 CHF = 0.603 EUR
Japanese YenPound Sterling1 JPY = 0.437 GBP1 GBP = 2.287 JPY
Japanese YenAustralian Dollar1 JPY = 1.011 AUD1 AUD = 0.989 JPY
Japanese YenCanadian Dollar1 JPY = 0.901 CAD1 CAD = 1.110 JPY
Japanese YenSwiss Franc1 JPY = 1.010 CHF1 CHF = 0.991 JPY
Pound SterlingAustralian Dollar1 GBP = 2.312 AUD1 AUD = 0.433 GBP
Pound SterlingCanadian Dollar1 GBP = 2.061 CAD1 CAD = 0.485 GBP
Pound SterlingSwiss Franc1 GBP = 2.308 CHF1 CHF = 0.433 GBP
Australian DollarCanadian Dollar1 AUD = 0.891 CAD1 CAD = 1.122 AUD
Australian DollarSwiss Franc1 AUD = 0.998 CHF1 CHF = 1.002 AUD
Canadian DollarSwiss Franc1 CAD = 1.120 CHF1 CHF = 0.893 CAD

See what else happened on December 10, 2007