Financial news on December 11, 2007

Business and Financial news
A Battle Fought in the Factories

To the ire of Chinese steelworkers, the United States is set to impose new tariffs on Chinese steel pipe imports early next year. Read more..

By STEVEN R. WEISMAN - The New York Times

An 8-Second Ride Lures Sponsors Beyond the Rodeo

Bull riders are hardly well known, but advertisers are betting that they could represent the next big thing in sports sponsorship. Read more..

By CLAIRE ATKINSON - The New York Times

Gas Terminal Proposed Off New Jersey

Exxon Mobil said it plans to build a $1 billion floating natural-gas terminal about 20 miles off the New Jersey coast, a move it thinks could help deflect potential opposition to the project. Read more..

By JAD MOUAWAD - The New York Times

In the Crowded Sky, Change Is Approaching

Because this is the worst year ever for airline delays, air travel has suddenly become a hot political issue. Read more..

By JOE SHARKEY - The New York Times

Mortgage Crisis Forces the Closing of a Fund

Losses on investments weakened by the deepening housing crisis have forced Bank of America to close a multibillion-dollar high-yield fund, after wealthy investors withdrew billions of dollars in assets. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 27.82 28.99 27.80 28.02 90.2M
Intel INTC 27.79 27.82 26.91 26.93 67.6M
General Electric GE 37.40 37.95 36.15 37.03 66.5M
AT&T Inc. T 39.71 40.69 39.06 39.46 56.9M
Microsoft MSFT 34.73 34.99 33.93 34.10 55.1M
Comcast CMCSA 18.26 18.39 17.78 17.78 44.2M
Pfizer PFE 24.31 24.40 23.77 23.83 44M
Apple AAPL 194.75 196.83 187.39 188.54 39.7M
JPMorgan Chase JPM 47.16 48.02 45.50 45.94 38.5M
Wells Fargo & Co. WFC 32.33 32.60 30.67 30.77 35.9M
Oracle Corp. ORCL 21.70 21.70 21.01 21.07 30.4M
Wal-Mart Stores WMT 49.50 50.05 48.62 49.03 26.1M
ExxonMobil XOM 92.26 92.95 90.00 90.28 20M
Home Depot HD 29.65 29.80 28.31 28.40 19.4M
Verizon Communications VZ 45.54 45.60 44.26 44.47 14.2M
Walt Disney & Co. DIS 32.21 32.51 31.71 31.76 13.9M
HP Inc. HPQ 51.60 52.27 50.64 50.78 13.6M
Abbott Laboratories ABT 58.90 59.09 57.92 58.09 13.5M
Bristol-Myers Squibb BMY 29.16 29.35 28.68 28.70 13.4M
ConocoPhillips COP 83.77 84.07 81.51 81.69 13.4M
Procter & Gamble PG 74.51 74.91 73.76 73.84 13.3M
McDonald's MCD 61.85 63.49 61.75 63.13 13M
Merck MRK 60.99 61.31 60.13 60.40 12.4M
Alphabet GOOGL 719.94 720.99 698.78 699.20 12.3M
UnitedHealth Group UNH 57.84 58.15 56.93 57.07 11.9M
Amgen AMGN 50.92 50.92 49.60 49.78 11.6M
Boeing BA 92.64 93.00 88.12 88.70 10.3M
Amazon AMZN 93.10 95.94 90.75 90.75 10.3M
Johnson & Johnson JNJ 67.79 67.97 67.48 67.55 10.2M
Altria MO 78.00 78.35 77.02 77.10 9.15M
Coca-Cola KO 63.23 63.89 62.94 62.97 8.67M
International Business Machines IBM 108.90 110.40 106.46 106.99 8.44M
Gilead Sciences GILD 47.51 47.90 45.50 45.84 8.33M
Chevron CVX 91.99 92.59 89.81 89.89 8.01M
Schlumberger SLB 98.40 99.49 94.98 95.50 6.37M
United Technologies UTX 79.18 79.30 76.26 76.42 5.6M
Pepsico PEP 77.34 78.09 76.34 76.48 5.38M
3M MMM 87.05 87.05 84.65 84.65 4.31M
Union Pacific UNP 134.82 135.90 130.15 130.64 2.42M
Berkshire Hathaway BRK.B 5010.00 5059.00 4922.00 4922.00 21.7K
Exchange Rates of December 11, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.630 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.015 CAD 1 CAD = 0.986 USD
US Dollar Swiss Franc 1 USD = 1.131 CHF 1 CHF = 0.884 USD
US Dollar Chinese Yuan 1 USD = 7.381 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 162.140 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.720 GBP 1 GBP = 1.389 EUR
Euro Australian Dollar 1 EUR = 1.677 AUD 1 AUD = 0.596 EUR
Euro Canadian Dollar 1 EUR = 1.487 CAD 1 CAD = 0.672 EUR
Euro Swiss Franc 1 EUR = 1.657 CHF 1 CHF = 0.603 EUR
Japanese Yen Pound Sterling 1 JPY = 0.444 GBP 1 GBP = 2.253 JPY
Japanese Yen Australian Dollar 1 JPY = 1.034 AUD 1 AUD = 0.968 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.917 CAD 1 CAD = 1.091 JPY
Japanese Yen Swiss Franc 1 JPY = 1.022 CHF 1 CHF = 0.979 JPY
Pound Sterling Australian Dollar 1 GBP = 2.329 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.065 CAD 1 CAD = 0.484 GBP
Pound Sterling Swiss Franc 1 GBP = 2.300 CHF 1 CHF = 0.435 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.886 CAD 1 CAD = 1.128 AUD
Australian Dollar Swiss Franc 1 AUD = 0.987 CHF 1 CHF = 1.013 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.114 CHF 1 CHF = 0.898 CAD

See what else happened on December 11, 2007