Financial news on January 11, 2008

Business and Financial news
American Express Warns About Earnings

The company will take a $275 million fourth-quarter charge as more cardholders fail to repay their debts. Read more..

By BLOOMBERG NEWS - The New York Times

Blackstone to Buy Hedge Fund to Strengthen Credit Operations

The Blackstone Group agreed to buy GSO Capital Partners as it seeks to build its credit operations amid tough market conditions. Read more..

By MICHAEL J. de la MERCED - The New York Times

Cuomo Subpoenas Intel Over Antitrust Accusations

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..

By NICHOLAS CONFESSORE - The New York Times

Fed Chief Signals Further Rate Cut

Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again. Read more..

By LOUIS UCHITELLE and MICHAEL M. GRYNBAUM - The New York Times

Hot Prospect for Oil’s Big League

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..

By ALEXEI BARRIONUEVO - The New York Times

In Writers Strike, Signs of Internal Discontent Over Tactics

Some writers wonder whether the guild’s militant tactics are actually doing more damage than good. Read more..

By MICHAEL CIEPLY - The New York Times

Leader of Microsoft’s Office Business Is Retiring

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..

By STEVE LOHR - The New York Times

NYSE Urges China to Be Flexible on Where Companies Raise Capital

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..

By JAMES KANTER - The New York Times

Wholesale Inventories Rise, Suggesting Output May Fall

Inventories at wholesalers rose more than forecast in November and sales increased, reflecting rising prices for oil and farm products. Read more..

By BLOOMBERG NEWS - The New York Times

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
CurrenciesExchange 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