Financial news on February 12th, 2008

Business and Financial news
Leading Class-Action Lawyer Is Sentenced to Two Years in Kickback Scheme

William S. Lerach was sentenced to two years in prison and ordered to forfeit $7.75 million for concealing illegal payments to a plaintiff in class-action lawsuits. Read more..

By MICHAEL PARRISH - The New York Times

Mortgage Crisis Spreads Past Subprime Loans

Even borrowers with strong credit are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace as home values fall. Read more..

By VIKAS BAJAJ and LOUISE STORY - The New York Times

Peru: Kimberly-Clark to Build Two Plants

The Kimberly-Clark Corporation, the maker of Huggies diapers and Scott paper towels, plans to build two plants in Peru as part of a plan to make the country its South American hub. The company, based in Dallas, will double its personnel in Peru to... Read more..

By BLOOMBERG NEWS - The New York Times

Price Limit on Text Messages Is Sought

The European Union’s telecommunications commissioner said she would seek limits on the price Europeans pay to send short text messages when traveling outside their home countries, unless operators lower the charges by July. The commissioner, Vivia... Read more..

By KEVIN J. O'BRIEN - The New York Times

Times Co. Nominates 2 to Board

The New York Times Company, under pressure from hedge funds that want to gain representation on its board, nominated two candidates of its own, Robert E. Denham and Dawn Lepore. Read more..

By THE NEW YORK TIMES - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.6724.0023.2523.4356.7M
General ElectricGE34.2034.6534.1034.3737.6M
Oracle Corp.ORCL19.5519.8919.3019.4136.5M
Wells Fargo & Co.WFC29.8230.3529.4129.9228.9M
JPMorgan ChaseJPM43.6644.4542.7543.3127.2M
AT&T Inc.T36.9537.8036.7637.5126.2M
Wal-Mart StoresWMT49.4850.7249.4850.2523.4M
HP Inc.HPQ42.7843.4142.3342.8819.8M
Abbott LaboratoriesABT56.0156.7255.8055.9519M
Home DepotHD28.8129.1328.2228.3817.8M
Verizon CommunicationsVZ37.0937.7836.7637.5617.2M
Walt Disney & Co.DIS32.0632.4431.7732.0314.3M
Johnson & JohnsonJNJ62.1163.1562.0162.9711.4M
Procter & GamblePG66.4367.4066.0867.1611.1M
Bristol-Myers SquibbBMY23.0923.3422.9523.1910.3M
Gilead SciencesGILD44.5345.6344.5345.097.84M
International Business MachinesIBM105.16107.33104.70106.537.65M
UnitedHealth GroupUNH48.4848.6547.8948.277.28M
United TechnologiesUTX71.8873.5071.7272.825.04M
Union PacificUNP126.53128.22124.10125.582.36M
Berkshire HathawayBRK.B4655.004670.004642.004659.0030.6K
Exchange Rates of February 12th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107.330 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.002 CAD1 CAD = 0.999 USD
US DollarSwiss Franc1 USD = 1.102 CHF1 CHF = 0.907 USD
US DollarChinese Yuan1 USD = 7.189 CNY1 CNY = 0.139 USD
EuroJapanese Yen1 EUR = 156.480 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.744 GBP1 GBP = 1.344 EUR
EuroAustralian Dollar1 EUR = 1.613 AUD1 AUD = 0.620 EUR
EuroCanadian Dollar1 EUR = 1.460 CAD1 CAD = 0.685 EUR
EuroSwiss Franc1 EUR = 1.607 CHF1 CHF = 0.622 EUR
Japanese YenPound Sterling1 JPY = 0.475 GBP1 GBP = 2.104 JPY
Japanese YenAustralian Dollar1 JPY = 1.031 AUD1 AUD = 0.970 JPY
Japanese YenCanadian Dollar1 JPY = 0.933 CAD1 CAD = 1.072 JPY
Japanese YenSwiss Franc1 JPY = 1.027 CHF1 CHF = 0.974 JPY
Pound SterlingAustralian Dollar1 GBP = 2.168 AUD1 AUD = 0.461 GBP
Pound SterlingCanadian Dollar1 GBP = 1.963 CAD1 CAD = 0.510 GBP
Pound SterlingSwiss Franc1 GBP = 2.160 CHF1 CHF = 0.463 GBP
Australian DollarCanadian Dollar1 AUD = 0.905 CAD1 CAD = 1.105 AUD
Australian DollarSwiss Franc1 AUD = 0.996 CHF1 CHF = 1.004 AUD
Canadian DollarSwiss Franc1 CAD = 1.100 CHF1 CHF = 0.909 CAD

See what else happened on February 12th, 2008