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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.68 28.00 27.42 27.66 58.2M
Intel INTC 27.56 27.88 27.25 27.78 45.5M
General Electric GE 37.28 37.49 37.05 37.41 44.7M
Comcast CMCSA 18.21 18.45 18.19 18.35 36.5M
Microsoft MSFT 34.64 34.95 34.47 34.76 36.1M
AT&T Inc. T 38.31 38.50 37.78 37.90 31.7M
Apple AAPL 193.59 195.66 192.69 194.21 25.8M
Oracle Corp. ORCL 21.29 21.69 21.23 21.64 25.3M
Pfizer PFE 24.39 24.45 24.17 24.37 25M
JPMorgan Chase JPM 46.67 47.87 46.55 47.42 23.4M
Wells Fargo & Co. WFC 31.80 32.90 31.76 32.64 19.9M
Amgen AMGN 50.80 50.99 49.62 50.99 19.1M
ExxonMobil XOM 91.85 92.56 91.58 92.03 15.6M
HP Inc. HPQ 51.59 52.20 51.23 51.97 12.7M
Wal-Mart Stores WMT 49.04 49.68 48.92 49.43 12.6M
Walt Disney & Co. DIS 32.90 32.97 32.27 32.35 12.3M
Home Depot HD 29.13 29.65 29.05 29.59 11.9M
Merck MRK 60.02 60.98 59.92 60.77 11.4M
Abbott Laboratories ABT 58.22 59.15 58.15 58.90 11.4M
UnitedHealth Group UNH 56.65 57.95 56.48 57.87 11.2M
Verizon Communications VZ 45.30 45.50 45.18 45.35 10.7M
McDonald's MCD 60.98 62.14 60.70 61.90 8.79M
ConocoPhillips COP 83.59 84.00 83.05 83.45 8.6M
Johnson & Johnson JNJ 67.63 68.00 67.45 67.79 8.32M
Alphabet GOOGL 715.99 724.80 714.00 718.42 7.7M
Altria MO 77.70 78.42 77.60 78.20 7.54M
Procter & Gamble PG 74.16 74.60 74.08 74.33 6.52M
Gilead Sciences GILD 47.65 47.90 47.10 47.74 6.51M
Boeing BA 93.00 93.25 91.79 92.64 5.97M
Chevron CVX 91.37 92.01 90.75 91.72 5.51M
Bristol-Myers Squibb BMY 29.37 29.40 29.12 29.31 5.2M
Amazon AMZN 94.31 94.35 92.30 93.02 5.18M
Schlumberger SLB 97.66 99.05 97.27 98.45 5.09M
International Business Machines IBM 109.00 110.26 109.00 109.39 4.44M
Coca-Cola KO 63.15 63.50 62.88 63.27 4.24M
Pepsico PEP 76.99 77.57 76.91 77.28 3.94M
3M MMM 86.66 87.15 86.26 86.74 3.29M
United Technologies UTX 78.39 78.95 78.13 78.83 2.4M
Union Pacific UNP 135.20 135.72 133.87 135.26 1.15M
Berkshire Hathaway BRK.B 4970.00 4990.00 4965.00 4985.00 21.5K
Exchange Rates of December 10, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 111.680 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.007 CAD 1 CAD = 0.993 USD
US Dollar Swiss Franc 1 USD = 1.128 CHF 1 CHF = 0.887 USD
US Dollar Chinese Yuan 1 USD = 7.396 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 164.340 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.719 GBP 1 GBP = 1.391 EUR
Euro Australian Dollar 1 EUR = 1.662 AUD 1 AUD = 0.602 EUR
Euro Canadian Dollar 1 EUR = 1.482 CAD 1 CAD = 0.675 EUR
Euro Swiss Franc 1 EUR = 1.659 CHF 1 CHF = 0.603 EUR
Japanese Yen Pound Sterling 1 JPY = 0.437 GBP 1 GBP = 2.287 JPY
Japanese Yen Australian Dollar 1 JPY = 1.011 AUD 1 AUD = 0.989 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.901 CAD 1 CAD = 1.110 JPY
Japanese Yen Swiss Franc 1 JPY = 1.010 CHF 1 CHF = 0.991 JPY
Pound Sterling Australian Dollar 1 GBP = 2.312 AUD 1 AUD = 0.433 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.061 CAD 1 CAD = 0.485 GBP
Pound Sterling Swiss Franc 1 GBP = 2.308 CHF 1 CHF = 0.433 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.891 CAD 1 CAD = 1.122 AUD
Australian Dollar Swiss Franc 1 AUD = 0.998 CHF 1 CHF = 1.002 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.120 CHF 1 CHF = 0.893 CAD

See what else happened on December 10, 2007