Financial news on November 13, 2007

Business and Financial news
Bill Would Make Colleges Copyright Cops

An education bill under consideration in the House would cut off aid to colleges and universities that don’t actively help movie studios and record labels prevent trading in copyrighted works. Read more..

By JONATHAN D. GLATER - The New York Times

Germany: Bank to Post a Huge Loss

WestLB, the German state-owned bank based in Düsseldorf, said it would report a full-year loss of more than 100 million euros ($145 million) because of “persistently difficult market developments.” The lender will post a pretax “low three-digit mi... Read more..

By BLOOMBERG NEWS - The New York Times

Google Hits European Hurdle on DoubleClick Deal

European competition authorities refused to approve Google’s purchase of DoubleClick, and ordered an in-depth review amid opposition from rivals, publishers and consumer groups. Read more..

By VICTORIA SHANNON - The New York Times

I.B.M. Acquires Cognos, Maker of Business Software, for $4.9 Billion

The move comes as many analysts anticipate that the business intelligence software market is about to enter a period of significant demand. Read more..

By IAN AUSTEN - The New York Times

I.B.M. Offers $4.9 Billion for Cognos

The friendly bid for the Canadian software firm follows a move by SAP to buy Business Objects, the chief rival of Cognos in the business-intelligence software market. Read more..

By IAN AUSTEN - The New York Times

Kazakhstan: China Gets a Share in Uranium Mine

China will get a stake in a 2,000-ton-a-year uranium mine in Kazakhstan in exchange for its share in a uranium-processing business, the state-owned company Kazatomprom said. The company’s president, Moukhtar Dzhakishev, said in Almaty that the com... Read more..

By BLOOMBERG NEWS - The New York Times

Speculation on E*Trade Hurts Stock

The online brokerage is the latest financial company to struggle as a result of a large stake in complex bonds tied to the American housing market. Read more..

By VIKAS BAJAJ and PETER EDMONSTON - The New York Times

Stocks Make a Comeback After 4 Days of Declines

The Dow rose 2.5 percent as investors cheered upbeat news on consumer spending and the credit market. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Wal-Mart Profit Is Up; Home Depot Takes a Hit

Economic unease, from the credit markets to the gas pump, has proven a boon to the nation’s largest discount retailer, but a bust for the biggest home improvement chain. Read more..

By MICHAEL BARBARO - The New York Times

Your Bird for the Holiday Will Be Costly and Stuffed

As a major holiday travel season approaches and airlines scramble to cover soaring fuel bills, air fares are going up. And this time, they’re likely to stay up. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 33.54 34.67 33.38 34.46 104M
Cisco Systems CSCO 29.61 30.15 29.11 30.14 64.9M
Apple AAPL 160.85 170.98 153.76 169.96 62.1M
Intel INTC 25.59 26.14 25.29 26.14 62.1M
Oracle Corp. ORCL 19.80 20.53 19.44 20.52 48.2M
General Electric GE 38.50 39.25 38.25 39.21 42.1M
Wal-Mart Stores WMT 45.00 46.35 45.00 45.97 40.7M
Comcast CMCSA 19.07 19.95 18.83 19.92 38.3M
Pfizer PFE 23.17 23.56 23.13 23.55 37.9M
JPMorgan Chase JPM 43.30 45.50 42.63 45.05 35.9M
Home Depot HD 28.00 29.23 27.77 29.12 28.3M
ExxonMobil XOM 84.35 87.00 83.37 86.88 25.6M
AT&T Inc. T 38.90 39.97 38.87 39.85 23.1M
Wells Fargo & Co. WFC 32.99 33.93 32.47 33.89 22.4M
ConocoPhillips COP 79.47 79.82 77.26 79.77 16.9M
McDonald's MCD 58.50 58.50 56.77 57.10 16.9M
Alphabet GOOGL 645.48 660.92 632.07 660.55 16.9M
HP Inc. HPQ 48.25 49.55 48.09 49.50 16.7M
Johnson & Johnson JNJ 66.73 67.35 66.53 67.31 16.5M
Merck MRK 56.42 57.53 55.99 57.49 15.8M
Altria MO 72.93 72.96 71.72 72.85 14.9M
Bristol-Myers Squibb BMY 28.22 28.39 27.64 27.96 13.8M
Abbott Laboratories ABT 55.02 55.21 53.64 55.11 13.3M
Procter & Gamble PG 71.28 71.76 70.77 71.57 12.3M
Chevron CVX 85.82 86.99 83.59 86.83 12M
Walt Disney & Co. DIS 32.22 33.07 32.06 33.01 11.4M
UnitedHealth Group UNH 52.80 53.30 52.43 53.30 11.3M
Amgen AMGN 54.12 54.50 53.09 54.44 11M
International Business Machines IBM 103.50 105.74 102.50 105.27 10.8M
Schlumberger SLB 91.62 94.18 91.00 92.94 10.6M
Verizon Communications VZ 43.07 43.67 42.55 43.58 10.3M
Amazon AMZN 77.91 80.05 77.80 79.86 9.5M
Gilead Sciences GILD 42.53 43.11 41.77 43.11 8.29M
Coca-Cola KO 60.24 61.20 59.65 61.04 7.66M
Boeing BA 93.83 94.15 92.87 93.70 6.51M
Pepsico PEP 73.19 73.42 72.10 73.34 5.74M
3M MMM 80.05 81.32 79.24 81.23 5.01M
United Technologies UTX 74.40 75.37 74.00 75.33 4.36M
Union Pacific UNP 124.39 126.00 123.83 125.48 2.76M
Berkshire Hathaway BRK.B 4486.00 4534.00 4478.00 4524.00 32.3K
Exchange Rates of November 13, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.920 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.959 CAD 1 CAD = 1.043 USD
US Dollar Swiss Franc 1 USD = 1.127 CHF 1 CHF = 0.887 USD
US Dollar Chinese Yuan 1 USD = 7.434 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 161.980 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.705 GBP 1 GBP = 1.418 EUR
Euro Australian Dollar 1 EUR = 1.630 AUD 1 AUD = 0.614 EUR
Euro Canadian Dollar 1 EUR = 1.400 CAD 1 CAD = 0.714 EUR
Euro Swiss Franc 1 EUR = 1.647 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.435 GBP 1 GBP = 2.298 JPY
Japanese Yen Australian Dollar 1 JPY = 1.006 AUD 1 AUD = 0.994 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.864 CAD 1 CAD = 1.158 JPY
Japanese Yen Swiss Franc 1 JPY = 1.016 CHF 1 CHF = 0.984 JPY
Pound Sterling Australian Dollar 1 GBP = 2.311 AUD 1 AUD = 0.433 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.985 CAD 1 CAD = 0.504 GBP
Pound Sterling Swiss Franc 1 GBP = 2.335 CHF 1 CHF = 0.428 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.858 CAD 1 CAD = 1.165 AUD
Australian Dollar Swiss Franc 1 AUD = 1.010 CHF 1 CHF = 0.990 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.176 CHF 1 CHF = 0.851 CAD

See what else happened on November 13, 2007