Financial news on December 14, 2007
Business and Financial news
Government cash these days is all the rage on Wall Street, where investment banks long to profit from what they call “sovereign wealth funds.” Read more..
Citigroup moved on Thursday to rescue seven affiliated investment funds that have been upended by the running crisis in housing-related debt. Read more..
The pick-up in prices will complicate efforts by the Fed as it tries to stave off a slowdown in economic growth. Read more..
The owners of Discovery Communications, Advance/Newhouse and Discovery Holding, have agreed in principle to combine their stakes and turn the company, an operator of cable TV channels, into an independent, publicly traded company. Read more..
Market euphoria over trans-Atlantic action by central banks to fix the global credit crisis wore off quickly Thursday, with investors saying they expect the injection of cash to do little to solve long-term problems. Read more..
Lufthansa’s investment in JetBlue, the struggling discount carrier, is the latest example of a foreign company’s taking advantage of the weak dollar to invest in a prominent American company. Read more..
Lehman Brothers, one of a handful of Wall Street banks to avoid large losses related to subprime mortgages, nonetheless exceeded analysts’ diminished expectations. Read more..
Shareholders of Dow Jones & Company gave their blessing to a takeover by Rupert Murdoch’s global media empire, the News Corporation. Read more..
The Federal Communications Commission chairman, Kevin J. Martin, has rejected a senator’s request to delay a vote on a change in media-ownership rules. Read more..
The United States and China ended three days of intense economic talks with accords on food safety, energy and environmental cooperation, but with only modest progress in opening Chinese financial markets. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 35.05 | 35.84 | 35.01 | 35.31 | 71.1M |
Intel | INTC | 26.82 | 26.84 | 26.19 | 26.29 | 68.7M |
Cisco Systems | CSCO | 28.99 | 29.64 | 28.51 | 28.65 | 53.6M |
Pfizer | PFE | 23.36 | 23.47 | 23.03 | 23.10 | 43.9M |
General Electric | GE | 37.45 | 37.51 | 36.87 | 36.91 | 41.8M |
Comcast | CMCSA | 17.83 | 18.25 | 17.83 | 18.14 | 30.4M |
JPMorgan Chase | JPM | 45.03 | 45.79 | 44.68 | 45.20 | 27.7M |
Oracle Corp. | ORCL | 21.36 | 21.44 | 21.12 | 21.20 | 26.3M |
Apple | AAPL | 190.37 | 200.00 | 189.54 | 190.39 | 24.1M |
Home Depot | HD | 27.25 | 27.35 | 26.63 | 26.63 | 21.7M |
Wells Fargo & Co. | WFC | 30.11 | 30.83 | 29.85 | 30.07 | 21.1M |
ExxonMobil | XOM | 91.99 | 92.89 | 91.18 | 91.18 | 20.5M |
AT&T Inc. | T | 41.84 | 41.84 | 41.06 | 41.14 | 19.9M |
Procter & Gamble | PG | 74.37 | 74.50 | 73.85 | 73.90 | 13.6M |
Wal-Mart Stores | WMT | 48.10 | 48.20 | 47.60 | 47.63 | 13.6M |
HP Inc. | HPQ | 52.00 | 52.85 | 51.93 | 52.14 | 13.2M |
ConocoPhillips | COP | 83.80 | 84.64 | 83.17 | 83.29 | 12.8M |
Walt Disney & Co. | DIS | 32.70 | 33.23 | 32.55 | 33.01 | 11.9M |
Altria | MO | 77.54 | 77.85 | 76.77 | 76.82 | 11.8M |
Amgen | AMGN | 49.15 | 49.37 | 48.25 | 48.40 | 11.5M |
Chevron | CVX | 92.50 | 92.96 | 91.91 | 92.02 | 11.1M |
Bristol-Myers Squibb | BMY | 28.60 | 28.74 | 27.99 | 28.08 | 10.5M |
Verizon Communications | VZ | 44.79 | 45.07 | 44.37 | 44.37 | 9.75M |
International Business Machines | IBM | 107.31 | 107.56 | 104.10 | 105.77 | 9.71M |
Abbott Laboratories | ABT | 58.01 | 58.47 | 57.48 | 57.51 | 9.52M |
Coca-Cola | KO | 63.76 | 64.32 | 63.74 | 63.81 | 9.5M |
Johnson & Johnson | JNJ | 67.58 | 67.93 | 67.39 | 67.59 | 9.49M |
Merck | MRK | 59.50 | 60.00 | 59.13 | 59.57 | 9.23M |
Alphabet | GOOGL | 687.51 | 699.70 | 687.26 | 689.96 | 7.34M |
UnitedHealth Group | UNH | 56.27 | 57.44 | 55.11 | 56.73 | 6.93M |
McDonald's | MCD | 61.60 | 62.00 | 61.11 | 61.16 | 6.8M |
Pepsico | PEP | 78.59 | 79.00 | 78.37 | 78.46 | 6.74M |
Schlumberger | SLB | 95.70 | 95.99 | 94.43 | 94.57 | 6.16M |
Amazon | AMZN | 90.77 | 91.24 | 88.93 | 89.08 | 6M |
United Technologies | UTX | 77.10 | 77.97 | 76.45 | 76.69 | 5.07M |
Boeing | BA | 88.54 | 89.99 | 88.03 | 88.42 | 4.99M |
Gilead Sciences | GILD | 45.92 | 47.02 | 45.74 | 45.85 | 4.97M |
3M | MMM | 86.12 | 87.58 | 85.88 | 85.93 | 3.37M |
Union Pacific | UNP | 134.80 | 134.80 | 130.30 | 130.56 | 1.72M |
Berkshire Hathaway | BRK.B | 4726.00 | 4784.00 | 4545.00 | 4754.00 | 30.3K |
Exchange Rates of December 14, 2007
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 113.260 JPY | 1 JPY = 0.009 USD |
US Dollar | Canadian Dollar | 1 USD = 1.017 CAD | 1 CAD = 0.984 USD |
US Dollar | Swiss Franc | 1 USD = 1.153 CHF | 1 CHF = 0.867 USD |
US Dollar | Chinese Yuan | 1 USD = 7.371 CNY | 1 CNY = 0.136 USD |
Euro | Japanese Yen | 1 EUR = 163.430 JPY | 1 JPY = 0.006 EUR |
Euro | Pound Sterling | 1 EUR = 0.715 GBP | 1 GBP = 1.399 EUR |
Euro | Australian Dollar | 1 EUR = 1.676 AUD | 1 AUD = 0.597 EUR |
Euro | Canadian Dollar | 1 EUR = 1.467 CAD | 1 CAD = 0.681 EUR |
Euro | Swiss Franc | 1 EUR = 1.664 CHF | 1 CHF = 0.601 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.437 GBP | 1 GBP = 2.287 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.025 AUD | 1 AUD = 0.976 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.898 CAD | 1 CAD = 1.114 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.018 CHF | 1 CHF = 0.983 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.344 AUD | 1 AUD = 0.427 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 2.052 CAD | 1 CAD = 0.487 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2.326 CHF | 1 CHF = 0.430 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.875 CAD | 1 CAD = 1.143 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.992 CHF | 1 CHF = 1.008 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.133 CHF | 1 CHF = 0.883 CAD |
See what else happened on December 14, 2007