Financial news on January 11, 2008
Business and Financial news
The company will take a $275 million fourth-quarter charge as more cardholders fail to repay their debts. Read more..
The Blackstone Group agreed to buy GSO Capital Partners as it seeks to build its credit operations amid tough market conditions. Read more..
The New York State attorney general issued a wide-ranging subpoena as part of an investigation into whether the Intel Corporation violated federal or state antitrust laws. Read more..
Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again. Read more..
A huge underwater oil field discovered late last year has the potential to transform Brazil into a sizable exporter and win it a seat at the table of the world’s oil cartel. Read more..
Some writers wonder whether the guild’s militant tactics are actually doing more damage than good. Read more..
Jeff Raikes, a 26-year veteran of Microsoft, plans to retire later this year and the company announced that it was reaching outside its ranks for his successor. Read more..
With an economic boom in developing countries, established stock exchanges are increasingly dependent on attracting business from companies based far from their home countries. Read more..
Inventories at wholesalers rose more than forecast in November and sales increased, reflecting rising prices for oil and farm products. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Intel | INTC | 22.25 | 22.36 | 21.77 | 21.99 | 75.9M |
| Microsoft | MSFT | 34.14 | 34.24 | 33.72 | 33.91 | 55.2M |
| Cisco Systems | CSCO | 25.96 | 26.25 | 25.65 | 25.87 | 51.5M |
| Oracle Corp. | ORCL | 21.53 | 21.69 | 21.06 | 21.10 | 46.3M |
| General Electric | GE | 35.51 | 35.60 | 34.98 | 35.17 | 46M |
| Pfizer | PFE | 23.95 | 24.14 | 23.76 | 24.02 | 45.2M |
| Apple | AAPL | 176.00 | 177.85 | 170.00 | 172.69 | 44M |
| JPMorgan Chase | JPM | 41.08 | 42.10 | 40.39 | 40.86 | 37.5M |
| McDonald's | MCD | 56.76 | 56.90 | 53.32 | 54.32 | 33.2M |
| Wells Fargo & Co. | WFC | 27.71 | 28.64 | 27.15 | 28.20 | 32.9M |
| AT&T Inc. | T | 38.96 | 39.18 | 37.88 | 38.20 | 29.8M |
| Wal-Mart Stores | WMT | 48.06 | 48.61 | 47.50 | 47.72 | 28.2M |
| ExxonMobil | XOM | 90.91 | 91.86 | 90.00 | 90.30 | 22.7M |
| Comcast | CMCSA | 16.98 | 17.28 | 16.88 | 17.12 | 22.6M |
| HP Inc. | HPQ | 45.50 | 45.65 | 44.85 | 45.00 | 18.2M |
| Procter & Gamble | PG | 72.01 | 72.30 | 70.01 | 70.18 | 18M |
| Verizon Communications | VZ | 43.40 | 43.70 | 42.01 | 42.50 | 18M |
| Home Depot | HD | 25.10 | 25.56 | 24.57 | 24.71 | 17.6M |
| Abbott Laboratories | ABT | 59.50 | 60.76 | 59.50 | 60.50 | 16.6M |
| Coca-Cola | KO | 65.38 | 65.38 | 63.46 | 63.77 | 16.1M |
| Bristol-Myers Squibb | BMY | 26.71 | 27.01 | 26.43 | 26.48 | 15.9M |
| Johnson & Johnson | JNJ | 67.45 | 68.03 | 67.34 | 67.88 | 15.5M |
| ConocoPhillips | COP | 84.69 | 84.70 | 82.63 | 83.04 | 14.6M |
| Walt Disney & Co. | DIS | 30.76 | 30.88 | 30.21 | 30.32 | 11.7M |
| Altria | MO | 78.50 | 79.59 | 78.35 | 79.02 | 10.6M |
| Amazon | AMZN | 84.03 | 84.03 | 80.29 | 81.08 | 10.6M |
| Chevron | CVX | 91.73 | 92.57 | 90.23 | 90.67 | 10.6M |
| Alphabet | GOOGL | 642.70 | 649.47 | 630.11 | 638.25 | 9.94M |
| Schlumberger | SLB | 96.21 | 96.57 | 93.78 | 94.01 | 9.88M |
| Merck | MRK | 60.03 | 61.18 | 60.00 | 60.55 | 9.44M |
| Amgen | AMGN | 47.31 | 48.00 | 47.26 | 47.62 | 9.08M |
| International Business Machines | IBM | 99.25 | 99.46 | 97.04 | 97.67 | 8.96M |
| Gilead Sciences | GILD | 48.32 | 49.00 | 48.14 | 48.68 | 8.75M |
| 3M | MMM | 79.76 | 81.06 | 76.97 | 77.58 | 8.41M |
| Pepsico | PEP | 78.92 | 79.17 | 76.69 | 77.78 | 8.06M |
| Boeing | BA | 81.00 | 81.78 | 80.00 | 80.52 | 6.56M |
| UnitedHealth Group | UNH | 55.93 | 56.59 | 55.47 | 55.91 | 6.14M |
| United Technologies | UTX | 72.03 | 72.47 | 71.28 | 71.68 | 5.7M |
| Union Pacific | UNP | 115.55 | 117.33 | 113.17 | 114.11 | 2.28M |
| Berkshire Hathaway | BRK.B | 4459.00 | 4463.00 | 4318.00 | 4377.00 | 16.7K |
Exchange Rates of January 11, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 108.820 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.019 CAD | 1 CAD = 0.982 USD |
| US Dollar | Swiss Franc | 1 USD = 1.101 CHF | 1 CHF = 0.908 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.263 CNY | 1 CNY = 0.138 USD |
| Euro | Japanese Yen | 1 EUR = 160.800 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.755 GBP | 1 GBP = 1.324 EUR |
| Euro | Australian Dollar | 1 EUR = 1.658 AUD | 1 AUD = 0.603 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.506 CAD | 1 CAD = 0.664 EUR |
| Euro | Swiss Franc | 1 EUR = 1.627 CHF | 1 CHF = 0.615 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.469 GBP | 1 GBP = 2.130 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.031 AUD | 1 AUD = 0.970 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.936 CAD | 1 CAD = 1.068 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.012 CHF | 1 CHF = 0.988 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.196 AUD | 1 AUD = 0.455 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.994 CAD | 1 CAD = 0.502 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.154 CHF | 1 CHF = 0.464 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.907 CAD | 1 CAD = 1.102 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.981 CHF | 1 CHF = 1.020 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.080 CHF | 1 CHF = 0.926 CAD |
See what else happened on January 11, 2008