Financial news on November 13th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29.6130.1529.1130.1464.9M
Oracle Corp.ORCL19.8020.5319.4420.5248.2M
General ElectricGE38.5039.2538.2539.2142.1M
Wal-Mart StoresWMT45.0046.3545.0045.9740.7M
JPMorgan ChaseJPM43.3045.5042.6345.0535.9M
Home DepotHD28.0029.2327.7729.1228.3M
AT&T Inc.T38.9039.9738.8739.8523.1M
Wells Fargo & Co.WFC32.9933.9332.4733.8922.4M
HP Inc.HPQ48.2549.5548.0949.5016.7M
Johnson & JohnsonJNJ66.7367.3566.5367.3116.5M
Bristol-Myers SquibbBMY28.2228.3927.6427.9613.8M
Abbott LaboratoriesABT55.0255.2153.6455.1113.3M
Procter & GamblePG71.2871.7670.7771.5712.3M
Walt Disney & Co.DIS32.2233.0732.0633.0111.4M
UnitedHealth GroupUNH52.8053.3052.4353.3011.3M
International Business MachinesIBM103.50105.74102.50105.2710.8M
Verizon CommunicationsVZ43.0743.6742.5543.5810.3M
Gilead SciencesGILD42.5343.1141.7743.118.29M
United TechnologiesUTX74.4075.3774.0075.334.36M
Union PacificUNP124.39126.00123.83125.482.76M
Berkshire HathawayBRK.B4486.004534.004478.004524.0032.3K
Exchange Rates of November 13th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 110.920 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.959 CAD1 CAD = 1.043 USD
US DollarSwiss Franc1 USD = 1.127 CHF1 CHF = 0.887 USD
US DollarChinese Yuan1 USD = 7.434 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 161.980 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.705 GBP1 GBP = 1.418 EUR
EuroAustralian Dollar1 EUR = 1.630 AUD1 AUD = 0.614 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.714 EUR
EuroSwiss Franc1 EUR = 1.647 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.435 GBP1 GBP = 2.298 JPY
Japanese YenAustralian Dollar1 JPY = 1.006 AUD1 AUD = 0.994 JPY
Japanese YenCanadian Dollar1 JPY = 0.864 CAD1 CAD = 1.158 JPY
Japanese YenSwiss Franc1 JPY = 1.016 CHF1 CHF = 0.984 JPY
Pound SterlingAustralian Dollar1 GBP = 2.311 AUD1 AUD = 0.433 GBP
Pound SterlingCanadian Dollar1 GBP = 1.985 CAD1 CAD = 0.504 GBP
Pound SterlingSwiss Franc1 GBP = 2.335 CHF1 CHF = 0.428 GBP
Australian DollarCanadian Dollar1 AUD = 0.858 CAD1 CAD = 1.165 AUD
Australian DollarSwiss Franc1 AUD = 1.010 CHF1 CHF = 0.990 AUD
Canadian DollarSwiss Franc1 CAD = 1.176 CHF1 CHF = 0.851 CAD

See what else happened on November 13th, 2007