Financial news on February 14, 2008

Business and Financial news
Exports Help Narrow Trade Gap

The United States trade deficit shrank in 2007 for the first time in five years, buoyed by a surge in exports. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Fed Chief Leaves Room for More Rate Cuts

While continuing to avoid predictions of a recession, Ben S. Bernanke told a Senate panel on Thursday that the economic outlook had worsened. Read more..

By EDMUND L. ANDREWS - The New York Times

German Bank Receives Its Third Bailout

The rescue package aims to resolve once and for all the problems at IKB Deutsche Industriebank, which was once a conservative corporate bank but became a global symbol of risky excess. Read more..

By CARTER DOUGHERTY - The New York Times

Give a Spreadsheet More Room to Spread Out

Fans of devices running Windows Mobile just got a new sidekick. The Redfly from Celio, which looks like a mini-laptop, works with almost any Windows smartphone and provides a better look at data. Read more..

By JOHN BIGGS - The New York Times

Moving Outlook: Mail to a Mac

Is there a way to move the Microsoft Outlook file (e-mails, contacts and calendars) between a PC and a Mac? Read more..

By J. D. BIERSDORFER - The New York Times

Ruling on Fortunoff Sale

Fortunoff Fine Jewelry and Silverware won court approval on Wednesday to sell its business for $80 million in cash to the private equity firm NRDC Equity Partners, barring higher offers at auction. Read more..

By BLOOMBERG NEWS - The New York Times

Venture to Use Sea to Fight Warming Runs Out of Cash

Planktos, a California company that is trying to turn a profit by fertilizing the ocean with iron dust, canceled planned field tests on Wednesday, citing a lack of funds. Read more..

By ANDREW C. REVKIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 20.96 20.99 20.46 20.46 71.6M
Microsoft MSFT 28.88 29.04 28.46 28.50 69.1M
Comcast CMCSA 19.08 19.31 18.51 19.24 61.7M
Cisco Systems CSCO 24.02 24.09 23.48 23.53 56.1M
Pfizer PFE 22.75 22.84 22.31 22.45 44.7M
General Electric GE 34.95 35.01 34.27 34.39 41.9M
Oracle Corp. ORCL 19.65 19.72 19.00 19.09 36.5M
Apple AAPL 129.40 130.80 127.01 127.46 34.1M
JPMorgan Chase JPM 44.02 44.10 42.47 42.61 31.2M
AT&T Inc. T 38.76 38.82 37.56 37.84 25.2M
Wells Fargo & Co. WFC 30.46 30.64 29.50 29.59 25.1M
ExxonMobil XOM 85.75 86.70 85.32 85.55 21.8M
HP Inc. HPQ 43.48 43.62 42.79 43.26 19.8M
Wal-Mart Stores WMT 50.59 50.90 49.76 49.97 18M
Home Depot HD 28.35 28.40 27.34 27.51 16.3M
ConocoPhillips COP 79.39 80.14 78.62 78.96 15.4M
Alphabet GOOGL 538.35 541.04 531.00 532.25 12.9M
Merck MRK 47.80 48.13 46.75 46.90 12.6M
Coca-Cola KO 59.53 59.69 58.40 58.55 12.5M
Walt Disney & Co. DIS 32.85 32.85 32.16 32.32 12M
Abbott Laboratories ABT 56.47 56.57 55.26 55.38 11.5M
Verizon Communications VZ 38.76 38.79 37.95 38.02 11.4M
Procter & Gamble PG 67.09 67.45 66.26 66.63 11M
Johnson & Johnson JNJ 63.57 63.63 62.62 62.79 10.9M
Altria MO 72.73 73.08 72.45 72.69 9.32M
Bristol-Myers Squibb BMY 23.79 23.90 23.15 23.21 8.05M
UnitedHealth Group UNH 46.88 47.10 46.20 46.61 7.99M
Pepsico PEP 71.82 72.14 71.20 71.57 7.9M
Schlumberger SLB 85.47 86.43 83.98 84.11 7.79M
Amazon AMZN 77.73 77.88 75.18 75.80 7.5M
International Business Machines IBM 107.99 108.50 105.50 106.13 7.34M
Amgen AMGN 47.42 47.50 46.71 46.77 6.88M
Boeing BA 85.96 86.06 84.90 85.22 6.63M
Gilead Sciences GILD 45.46 45.46 44.67 44.74 6.3M
McDonald's MCD 56.68 56.77 55.50 55.58 5.61M
Chevron CVX 82.63 83.57 82.60 82.84 5.37M
United Technologies UTX 73.62 73.70 72.48 72.65 4M
Union Pacific UNP 126.15 127.09 124.27 124.73 2.67M
3M MMM 81.34 81.65 80.20 80.29 2.49M
Berkshire Hathaway BRK.B 4800.00 4839.00 4750.00 4769.00 28.8K
Exchange Rates of February 14, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 107.840 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.000 CAD 1 CAD = 1.000 USD
US Dollar Swiss Franc 1 USD = 1.098 CHF 1 CHF = 0.911 USD
US Dollar Chinese Yuan 1 USD = 7.190 CNY 1 CNY = 0.139 USD
Euro Japanese Yen 1 EUR = 157.920 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.744 GBP 1 GBP = 1.345 EUR
Euro Australian Dollar 1 EUR = 1.623 AUD 1 AUD = 0.616 EUR
Euro Canadian Dollar 1 EUR = 1.464 CAD 1 CAD = 0.683 EUR
Euro Swiss Franc 1 EUR = 1.607 CHF 1 CHF = 0.622 EUR
Japanese Yen Pound Sterling 1 JPY = 0.471 GBP 1 GBP = 2.125 JPY
Japanese Yen Australian Dollar 1 JPY = 1.027 AUD 1 AUD = 0.974 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.927 CAD 1 CAD = 1.079 JPY
Japanese Yen Swiss Franc 1 JPY = 1.018 CHF 1 CHF = 0.983 JPY
Pound Sterling Australian Dollar 1 GBP = 2.183 AUD 1 AUD = 0.458 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.969 CAD 1 CAD = 0.508 GBP
Pound Sterling Swiss Franc 1 GBP = 2.161 CHF 1 CHF = 0.463 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.901 CAD 1 CAD = 1.109 AUD
Australian Dollar Swiss Franc 1 AUD = 0.990 CHF 1 CHF = 1.010 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.097 CHF 1 CHF = 0.911 CAD

See what else happened on February 14, 2008