Financial news on November 13, 2007
Business and Financial news
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..
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..
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..
The move comes as many analysts anticipate that the business intelligence software market is about to enter a period of significant demand. Read more..
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..
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..
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..
The Dow rose 2.5 percent as investors cheered upbeat news on consumer spending and the credit market. Read more..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.99||33.93||32.47||33.89||22.4M|
|Johnson & Johnson||JNJ||66.73||67.35||66.53||67.31||16.5M|
|Procter & Gamble||PG||71.28||71.76||70.77||71.57||12.3M|
|Walt Disney & Co.||DIS||32.22||33.07||32.06||33.01||11.4M|
|International Business Machines||IBM||103.50||105.74||102.50||105.27||10.8M|
Exchange Rates of November 13, 2007
|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|