Financial news on February 12, 2008
Business and Financial news
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..
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..
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..
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..
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..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 28.43 | 28.62 | 28.11 | 28.34 | 84.4M |
| Intel | INTC | 20.70 | 20.99 | 20.56 | 20.90 | 57.7M |
| Cisco Systems | CSCO | 23.67 | 24.00 | 23.25 | 23.43 | 56.7M |
| Apple | AAPL | 130.70 | 131.00 | 123.62 | 124.86 | 43.8M |
| Pfizer | PFE | 22.30 | 22.73 | 22.25 | 22.68 | 43.1M |
| General Electric | GE | 34.20 | 34.65 | 34.10 | 34.37 | 37.6M |
| Oracle Corp. | ORCL | 19.55 | 19.89 | 19.30 | 19.41 | 36.5M |
| Wells Fargo & Co. | WFC | 29.82 | 30.35 | 29.41 | 29.92 | 28.9M |
| JPMorgan Chase | JPM | 43.66 | 44.45 | 42.75 | 43.31 | 27.2M |
| AT&T Inc. | T | 36.95 | 37.80 | 36.76 | 37.51 | 26.2M |
| ExxonMobil | XOM | 83.52 | 85.08 | 83.30 | 84.38 | 25.2M |
| Wal-Mart Stores | WMT | 49.48 | 50.72 | 49.48 | 50.25 | 23.4M |
| Merck | MRK | 45.65 | 47.10 | 45.49 | 46.53 | 20.7M |
| HP Inc. | HPQ | 42.78 | 43.41 | 42.33 | 42.88 | 19.8M |
| Abbott Laboratories | ABT | 56.01 | 56.72 | 55.80 | 55.95 | 19M |
| Home Depot | HD | 28.81 | 29.13 | 28.22 | 28.38 | 17.8M |
| Comcast | CMCSA | 16.99 | 17.47 | 16.99 | 17.23 | 17.5M |
| Verizon Communications | VZ | 37.09 | 37.78 | 36.76 | 37.56 | 17.2M |
| ConocoPhillips | COP | 76.99 | 77.71 | 75.50 | 76.40 | 15.6M |
| Walt Disney & Co. | DIS | 32.06 | 32.44 | 31.77 | 32.03 | 14.3M |
| Alphabet | GOOGL | 523.39 | 530.60 | 513.03 | 518.09 | 13.3M |
| Chevron | CVX | 80.68 | 82.33 | 80.41 | 81.12 | 12.3M |
| Coca-Cola | KO | 59.84 | 60.50 | 59.65 | 59.92 | 11.9M |
| Johnson & Johnson | JNJ | 62.11 | 63.15 | 62.01 | 62.97 | 11.4M |
| Schlumberger | SLB | 82.00 | 83.82 | 80.77 | 81.49 | 11.3M |
| Procter & Gamble | PG | 66.43 | 67.40 | 66.08 | 67.16 | 11.1M |
| Altria | MO | 72.72 | 72.77 | 71.98 | 72.43 | 10.7M |
| Bristol-Myers Squibb | BMY | 23.09 | 23.34 | 22.95 | 23.19 | 10.3M |
| McDonald's | MCD | 56.35 | 56.82 | 55.92 | 56.37 | 9.51M |
| Amazon | AMZN | 75.43 | 77.05 | 73.79 | 74.45 | 9.45M |
| Boeing | BA | 82.11 | 84.53 | 81.44 | 83.56 | 7.98M |
| Gilead Sciences | GILD | 44.53 | 45.63 | 44.53 | 45.09 | 7.84M |
| Amgen | AMGN | 46.45 | 47.21 | 46.40 | 46.54 | 7.68M |
| International Business Machines | IBM | 105.16 | 107.33 | 104.70 | 106.53 | 7.65M |
| UnitedHealth Group | UNH | 48.48 | 48.65 | 47.89 | 48.27 | 7.28M |
| Pepsico | PEP | 71.31 | 72.24 | 70.96 | 71.96 | 6.64M |
| United Technologies | UTX | 71.88 | 73.50 | 71.72 | 72.82 | 5.04M |
| 3M | MMM | 79.61 | 79.84 | 78.60 | 79.10 | 3.66M |
| Union Pacific | UNP | 126.53 | 128.22 | 124.10 | 125.58 | 2.36M |
| Berkshire Hathaway | BRK.B | 4655.00 | 4670.00 | 4642.00 | 4659.00 | 30.6K |
Exchange Rates of February 12, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 107.330 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.002 CAD | 1 CAD = 0.999 USD |
| US Dollar | Swiss Franc | 1 USD = 1.102 CHF | 1 CHF = 0.907 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.189 CNY | 1 CNY = 0.139 USD |
| Euro | Japanese Yen | 1 EUR = 156.480 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.744 GBP | 1 GBP = 1.344 EUR |
| Euro | Australian Dollar | 1 EUR = 1.613 AUD | 1 AUD = 0.620 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.460 CAD | 1 CAD = 0.685 EUR |
| Euro | Swiss Franc | 1 EUR = 1.607 CHF | 1 CHF = 0.622 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.475 GBP | 1 GBP = 2.104 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.031 AUD | 1 AUD = 0.970 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.933 CAD | 1 CAD = 1.072 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.027 CHF | 1 CHF = 0.974 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.168 AUD | 1 AUD = 0.461 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.963 CAD | 1 CAD = 0.510 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.160 CHF | 1 CHF = 0.463 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.905 CAD | 1 CAD = 1.105 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.996 CHF | 1 CHF = 1.004 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.100 CHF | 1 CHF = 0.909 CAD |
See what else happened on February 12, 2008