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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.8829.5428.8229.0655.2M
JPMorgan ChaseJPM45.4646.2644.7345.7641.3M
General ElectricGE37.0037.7936.7537.5836M
Oracle Corp.ORCL21.3421.7721.2621.6130.3M
AT&T Inc.T41.7241.8741.2841.8028.7M
Wells Fargo & Co.WFC30.0330.6429.7530.5627.8M
Home DepotHD28.3828.4827.2627.6420.3M
Wal-Mart StoresWMT47.8148.4847.7548.3316.4M
HP Inc.HPQ51.2052.4551.2052.3712.1M
Walt Disney & Co.DIS32.1932.8932.0332.7611.7M
Verizon CommunicationsVZ44.6345.1344.2145.0210.7M
Procter & GamblePG74.4575.0074.1074.4010.6M
Bristol-Myers SquibbBMY28.8128.9228.4728.819.76M
UnitedHealth GroupUNH57.0057.6956.5857.038.54M
Abbott LaboratoriesABT57.8758.4857.5058.388.32M
Johnson & JohnsonJNJ67.5068.0067.4267.877.78M
Gilead SciencesGILD46.2346.6645.7846.216.62M
International Business MachinesIBM108.00108.64106.94108.186.25M
United TechnologiesUTX76.5677.8175.5077.613.46M
Union PacificUNP132.18134.00130.54133.801.46M
Berkshire HathawayBRK.B4800.004800.004626.004735.0030.5K
Exchange Rates of December 13, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.021 CAD1 CAD = 0.980 USD
US DollarSwiss Franc1 USD = 1.141 CHF1 CHF = 0.877 USD
US DollarChinese Yuan1 USD = 7.368 CNY1 CNY = 0.136 USD
EuroJapanese Yen1 EUR = 164.210 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.717 GBP1 GBP = 1.395 EUR
EuroAustralian Dollar1 EUR = 1.670 AUD1 AUD = 0.599 EUR
EuroCanadian Dollar1 EUR = 1.493 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.670 CHF1 CHF = 0.599 EUR
Japanese YenPound Sterling1 JPY = 0.436 GBP1 GBP = 2.293 JPY
Japanese YenAustralian Dollar1 JPY = 1.017 AUD1 AUD = 0.984 JPY
Japanese YenCanadian Dollar1 JPY = 0.909 CAD1 CAD = 1.100 JPY
Japanese YenSwiss Franc1 JPY = 1.017 CHF1 CHF = 0.984 JPY
Pound SterlingAustralian Dollar1 GBP = 2.331 AUD1 AUD = 0.429 GBP
Pound SterlingCanadian Dollar1 GBP = 2.084 CAD1 CAD = 0.480 GBP
Pound SterlingSwiss Franc1 GBP = 2.329 CHF1 CHF = 0.429 GBP
Australian DollarCanadian Dollar1 AUD = 0.893 CAD1 CAD = 1.119 AUD
Australian DollarSwiss Franc1 AUD = 0.999 CHF1 CHF = 1.001 AUD
Canadian DollarSwiss Franc1 CAD = 1.118 CHF1 CHF = 0.895 CAD

See what else happened on December 13, 2007