Financial news on December 13, 2007

Business and Financial news
An Enthusiast Entrepreneur Kicks Off a T-Shirt Business

Many people start businesses, but a majority of them fail in the first two years. Tina Ericson hopes to be an exception. Read more..

By BRENT BOWERS - The New York Times

A Voice to Guide You on the Road

Searching for G.P.S. models that fulfill three requirements that may keep a driver from grunting, panting and swearing. Read more..

By DAVID POGUE - The New York Times

Central Bankers to Lend Billions in Credit Crisis

Led by the Fed, five central banks announced an aggressive infusion of capital into the banking system, hoping to ease the credit crunch. Read more..

By VIKAS BAJAJ and FLOYD NORRIS - The New York Times

Not Everyone Thinks Tech Spending Will Slow

The big research houses have been trimming their forecasts for global technology spending, but one forecaster thinks foreign spending will make up for a domestic slowdown, and I.B.M. is stepping up its push into developing markets. Read more..

By STEVE LOHR - The New York Times

Patients Wonder Whether to Replace a Wire That Might Fail

Thousands of patients with failing hearts must decide whether to heed a warning from Medtronic and replace a defibrillator in their chest that has a potentially faulty wire. Read more..

By BARNABY J. FEDER - The New York Times

Shares Hold on to Part of Early Gains

Shares rose on Wednesday, led by technology and energy stocks, in another volatile day on Wall Street. Read more..

By BLOOMBERG NEWS - The New York Times

Tip of the Week: Online Meeting Planners

The Meeting Planner link on the World Time Server site lets you pick a date and add in the locations of all the participants from around the globe. Read more..

By J. D. BIERSDORFER - The New York Times

U.S. Presses China on Economic Issues

Visiting U.S. economic officials led by Treasury Secretary Henry M. Paulson Jr. had a day of meetings with their Chinese counterparts aimed at easing economic tensions. Read more..

By STEVEN R. WEISMAN - The New York Times

Wrong Number From Sprint

Sprint is canceling some fees it charges to cover its own costs and replacing them with other “regulatory” and “administrative” fees. As with similar fees at other carriers, the money goes to Sprint, not the government, and raises the question whether this is the right way for companies to advertise prices. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 34.48 35.45 34.28 35.22 73.9M
Cisco Systems CSCO 28.88 29.54 28.82 29.06 55.2M
Intel INTC 26.98 27.50 26.81 27.16 53.5M
JPMorgan Chase JPM 45.46 46.26 44.73 45.76 41.3M
Pfizer PFE 23.72 23.83 23.44 23.64 36.2M
General Electric GE 37.00 37.79 36.75 37.58 36M
Apple AAPL 190.19 192.12 187.82 191.83 30.9M
Oracle Corp. ORCL 21.34 21.77 21.26 21.61 30.3M
AT&T Inc. T 41.72 41.87 41.28 41.80 28.7M
Wells Fargo & Co. WFC 30.03 30.64 29.75 30.56 27.8M
Comcast CMCSA 17.55 18.09 17.49 18.04 26.4M
Home Depot HD 28.38 28.48 27.26 27.64 20.3M
ExxonMobil XOM 91.00 92.85 90.86 92.72 19.4M
Wal-Mart Stores WMT 47.81 48.48 47.75 48.33 16.4M
Altria MO 77.48 77.90 76.91 77.76 14M
ConocoPhillips COP 82.79 84.75 82.61 84.64 12.5M
HP Inc. HPQ 51.20 52.45 51.20 52.37 12.1M
Walt Disney & Co. DIS 32.19 32.89 32.03 32.76 11.7M
Verizon Communications VZ 44.63 45.13 44.21 45.02 10.7M
Procter & Gamble PG 74.45 75.00 74.10 74.40 10.6M
Alphabet GOOGL 696.31 697.62 681.21 694.05 10.1M
Bristol-Myers Squibb BMY 28.81 28.92 28.47 28.81 9.76M
Merck MRK 59.31 59.92 58.73 59.79 8.97M
Amgen AMGN 49.65 49.93 49.10 49.42 8.7M
UnitedHealth Group UNH 57.00 57.69 56.58 57.03 8.54M
Chevron CVX 91.51 93.21 91.13 93.08 8.53M
Abbott Laboratories ABT 57.87 58.48 57.50 58.38 8.32M
Johnson & Johnson JNJ 67.50 68.00 67.42 67.87 7.78M
McDonald's MCD 61.48 62.25 61.10 61.51 7.73M
Boeing BA 86.47 88.91 86.40 88.55 7.52M
Schlumberger SLB 97.20 97.97 94.72 96.62 6.84M
Gilead Sciences GILD 46.23 46.66 45.78 46.21 6.62M
International Business Machines IBM 108.00 108.64 106.94 108.18 6.25M
Coca-Cola KO 63.58 64.14 63.38 64.09 6.21M
Amazon AMZN 91.05 93.00 90.63 92.40 6.05M
Pepsico PEP 78.30 78.78 77.53 78.69 5M
3M MMM 86.41 87.06 85.34 86.92 4.29M
United Technologies UTX 76.56 77.81 75.50 77.61 3.46M
Union Pacific UNP 132.18 134.00 130.54 133.80 1.46M
Berkshire Hathaway BRK.B 4800.00 4800.00 4626.00 4735.00 30.5K
Exchange Rates of December 13, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 112.200 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.021 CAD 1 CAD = 0.980 USD
US Dollar Swiss Franc 1 USD = 1.141 CHF 1 CHF = 0.877 USD
US Dollar Chinese Yuan 1 USD = 7.368 CNY 1 CNY = 0.136 USD
Euro Japanese Yen 1 EUR = 164.210 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.717 GBP 1 GBP = 1.395 EUR
Euro Australian Dollar 1 EUR = 1.670 AUD 1 AUD = 0.599 EUR
Euro Canadian Dollar 1 EUR = 1.493 CAD 1 CAD = 0.670 EUR
Euro Swiss Franc 1 EUR = 1.670 CHF 1 CHF = 0.599 EUR
Japanese Yen Pound Sterling 1 JPY = 0.436 GBP 1 GBP = 2.293 JPY
Japanese Yen Australian Dollar 1 JPY = 1.017 AUD 1 AUD = 0.984 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.909 CAD 1 CAD = 1.100 JPY
Japanese Yen Swiss Franc 1 JPY = 1.017 CHF 1 CHF = 0.984 JPY
Pound Sterling Australian Dollar 1 GBP = 2.331 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.084 CAD 1 CAD = 0.480 GBP
Pound Sterling Swiss Franc 1 GBP = 2.329 CHF 1 CHF = 0.429 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.893 CAD 1 CAD = 1.119 AUD
Australian Dollar Swiss Franc 1 AUD = 0.999 CHF 1 CHF = 1.001 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.118 CHF 1 CHF = 0.895 CAD

See what else happened on December 13, 2007