Financial news on December 12, 2007

Business and Financial news
China Agrees to Post U.S. Safety Officials in Its Food Factories

The agreement came on a day when Chinese and American representatives exchanged heated words over recent trade disputes, according to American officials. Read more..

By STEVEN R. WEISMAN - The New York Times

Putting Stadium Site to Full-Time Use

The home of the New England Patriots will soon include a vast real estate development on about 350 acres in Foxborough, Mass. Read more..

By ELIZABETH ABBOTT - The New York Times

Remaking The Journal

Although Rupert Murdoch just completed his purchase of Dow Jones, the publisher of The Wall Street Journal, on Thursday, his influence is already apparent. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

S.E.C. Planning to Delay Accounting Rules for Small Companies

The Securities and Exchange Commission plans to delay for another year the requirement that small companies report on the state of their internal financial controls. Read more..

By FLOYD NORRIS - The New York Times

Shares Fall on a Rate Cut Considered a Disappointment to Fed Watchers

Stocks fell sharply and investors rushed to the safety of Treasuries after the Fed announced that it had made only a quarter-point cut in the rate that financial firms pay to borrow from the central bank. Read more..

By VIKAS BAJAJ - The New York Times

Small Businesses Oppose Mandated Health Benefits

The small business lobbying group that had a big part in derailing Hillary Clinton’s effort to overhaul health care in the early 1990’s has staked out its position for the 2008 political season. Read more..

By MILT FREUDENHEIM - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 28.92 29.44 28.37 28.80 86.7M
Comcast CMCSA 18.10 18.11 17.37 17.63 79.3M
Microsoft MSFT 34.61 35.09 33.93 34.47 63.3M
AT&T Inc. T 41.00 42.00 40.76 41.71 62.2M
Intel INTC 27.43 27.72 26.89 27.28 56.6M
General Electric GE 37.99 38.14 36.85 37.25 51.4M
JPMorgan Chase JPM 47.35 47.79 45.18 46.15 44.4M
Apple AAPL 193.44 194.48 185.76 190.86 43.8M
Pfizer PFE 24.10 24.20 23.56 23.81 43.4M
Wells Fargo & Co. WFC 31.41 31.88 29.83 30.67 41.2M
Oracle Corp. ORCL 21.41 21.81 21.06 21.37 39.8M
ExxonMobil XOM 91.77 93.09 90.87 91.92 25.7M
Wal-Mart Stores WMT 49.62 49.64 47.61 48.23 23.9M
Merck MRK 61.00 61.62 59.08 59.72 21.5M
Verizon Communications VZ 45.05 45.71 44.25 44.94 20.5M
Home Depot HD 29.00 29.28 28.00 28.49 20.1M
Abbott Laboratories ABT 58.50 59.48 57.50 58.11 19.9M
Johnson & Johnson JNJ 68.00 68.40 67.02 67.70 19.3M
Boeing BA 88.15 89.53 85.55 86.92 18.7M
Bristol-Myers Squibb BMY 29.01 29.30 28.61 28.89 16.2M
ConocoPhillips COP 83.30 84.70 82.42 83.37 15.7M
HP Inc. HPQ 51.93 52.20 51.11 51.53 14.5M
Altria MO 77.89 78.42 76.98 77.71 14.2M
Procter & Gamble PG 74.65 75.18 74.23 74.67 13.6M
UnitedHealth Group UNH 57.48 58.34 57.26 57.47 13.5M
Alphabet GOOGL 714.00 714.32 688.50 699.35 12.3M
Coca-Cola KO 63.23 64.05 62.95 63.77 11.6M
Chevron CVX 91.91 92.97 90.93 91.78 10.8M
Walt Disney & Co. DIS 32.34 32.70 31.97 32.28 10.6M
McDonald's MCD 63.60 63.69 61.10 61.66 10.2M
Schlumberger SLB 97.71 99.58 96.22 97.65 9.78M
Amgen AMGN 50.32 50.76 49.52 49.99 9.22M
Gilead Sciences GILD 46.79 47.60 46.05 46.85 8.89M
International Business Machines IBM 108.95 110.20 107.38 108.47 7.88M
Pepsico PEP 78.04 78.57 77.20 78.09 7.47M
3M MMM 88.10 88.70 85.97 86.66 7.25M
Amazon AMZN 92.84 93.75 89.32 91.28 7.23M
United Technologies UTX 78.26 78.26 75.80 76.78 5.22M
Union Pacific UNP 134.60 137.56 130.28 132.57 3.02M
Berkshire Hathaway BRK.B 5020.00 5020.00 4670.00 4809.00 33.5K
Exchange Rates of December 12, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 112.220 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.012 CAD 1 CAD = 0.988 USD
US Dollar Swiss Franc 1 USD = 1.135 CHF 1 CHF = 0.881 USD
US Dollar Chinese Yuan 1 USD = 7.374 CNY 1 CNY = 0.136 USD
Euro Japanese Yen 1 EUR = 165.050 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.718 GBP 1 GBP = 1.392 EUR
Euro Australian Dollar 1 EUR = 1.665 AUD 1 AUD = 0.601 EUR
Euro Canadian Dollar 1 EUR = 1.488 CAD 1 CAD = 0.672 EUR
Euro Swiss Franc 1 EUR = 1.669 CHF 1 CHF = 0.599 EUR
Japanese Yen Pound Sterling 1 JPY = 0.435 GBP 1 GBP = 2.299 JPY
Japanese Yen Australian Dollar 1 JPY = 1.008 AUD 1 AUD = 0.992 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.902 CAD 1 CAD = 1.109 JPY
Japanese Yen Swiss Franc 1 JPY = 1.011 CHF 1 CHF = 0.989 JPY
Pound Sterling Australian Dollar 1 GBP = 2.318 AUD 1 AUD = 0.431 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.072 CAD 1 CAD = 0.483 GBP
Pound Sterling Swiss Franc 1 GBP = 2.322 CHF 1 CHF = 0.431 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.893 CAD 1 CAD = 1.119 AUD
Australian Dollar Swiss Franc 1 AUD = 1.002 CHF 1 CHF = 0.998 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.121 CHF 1 CHF = 0.892 CAD

See what else happened on December 12, 2007