Financial news on December 12th, 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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.9229.4428.3728.8086.7M
AT&T Inc.T41.0042.0040.7641.7162.2M
General ElectricGE37.9938.1436.8537.2551.4M
JPMorgan ChaseJPM47.3547.7945.1846.1544.4M
Wells Fargo & Co.WFC31.4131.8829.8330.6741.2M
Oracle Corp.ORCL21.4121.8121.0621.3739.8M
Wal-Mart StoresWMT49.6249.6447.6148.2323.9M
Verizon CommunicationsVZ45.0545.7144.2544.9420.5M
Home DepotHD29.0029.2828.0028.4920.1M
Abbott LaboratoriesABT58.5059.4857.5058.1119.9M
Johnson & JohnsonJNJ68.0068.4067.0267.7019.3M
Bristol-Myers SquibbBMY29.0129.3028.6128.8916.2M
HP Inc.HPQ51.9352.2051.1151.5314.5M
Procter & GamblePG74.6575.1874.2374.6713.6M
UnitedHealth GroupUNH57.4858.3457.2657.4713.5M
Walt Disney & Co.DIS32.3432.7031.9732.2810.6M
Gilead SciencesGILD46.7947.6046.0546.858.89M
International Business MachinesIBM108.95110.20107.38108.477.88M
United TechnologiesUTX78.2678.2675.8076.785.22M
Union PacificUNP134.60137.56130.28132.573.02M
Berkshire HathawayBRK.B5020.005020.004670.004809.0033.5K
Exchange Rates of December 12th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.220 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.012 CAD1 CAD = 0.988 USD
US DollarSwiss Franc1 USD = 1.135 CHF1 CHF = 0.881 USD
US DollarChinese Yuan1 USD = 7.374 CNY1 CNY = 0.136 USD
EuroJapanese Yen1 EUR = 165.050 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.718 GBP1 GBP = 1.392 EUR
EuroAustralian Dollar1 EUR = 1.665 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.488 CAD1 CAD = 0.672 EUR
EuroSwiss Franc1 EUR = 1.669 CHF1 CHF = 0.599 EUR
Japanese YenPound Sterling1 JPY = 0.435 GBP1 GBP = 2.299 JPY
Japanese YenAustralian Dollar1 JPY = 1.008 AUD1 AUD = 0.992 JPY
Japanese YenCanadian Dollar1 JPY = 0.902 CAD1 CAD = 1.109 JPY
Japanese YenSwiss Franc1 JPY = 1.011 CHF1 CHF = 0.989 JPY
Pound SterlingAustralian Dollar1 GBP = 2.318 AUD1 AUD = 0.431 GBP
Pound SterlingCanadian Dollar1 GBP = 2.072 CAD1 CAD = 0.483 GBP
Pound SterlingSwiss Franc1 GBP = 2.322 CHF1 CHF = 0.431 GBP
Australian DollarCanadian Dollar1 AUD = 0.893 CAD1 CAD = 1.119 AUD
Australian DollarSwiss Franc1 AUD = 1.002 CHF1 CHF = 0.998 AUD
Canadian DollarSwiss Franc1 CAD = 1.121 CHF1 CHF = 0.892 CAD

See what else happened on December 12th, 2007