Financial news on November 16th, 2007

Business and Financial news
BEA Tries to Prove Its Worth to Oracle

The software-maker BEA Systems reported increases in net income and revenue, stoking its arguments that Oracle’s takeover offer is too low. Read more..

By LAURIE J. FLYNN - The New York Times

Betting an Estate on Inhaled Insulin

Alfred E. Mann is betting nearly $1 billion of his own money that he can succeed where Pfizer failed. Read more..

By ANDREW POLLACK - The New York Times

China Stand on Imports Upsets U.S.

A recent pattern in which China issues regulations aimed at favoring Chinese industries over foreign competitors has raised concerns among U.S. officials. Read more..

By STEVEN R. WEISMAN - The New York Times

Fed Official Hints at No Rate Cut

A Federal Reserve governor warned today that another interest rate cut would probably offer few benefits to the economy. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

J Allard: Dancing Around the Cellphone Question

Microsoft hopes to respond to the iPhone with better software, but it may not make the phones itself. Read more..

By SAUL HANSELL - The New York Times

J Allard: Microsoft’s Plan to Be King of All Media

Microsoft is building an online service that will be the back end for all sorts of communication and entertainment, linking XBox games, Zune music, video and cellphones. Read more..

By SAUL HANSELL - The New York Times

People in the News

Comings and goings in the finance and legal businesses. Read more..

By THE NEW YORK TIMES - The New York Times

S.E.C. Says Foreign Companies Do Not Have to Adjust to U.S. Accounting

Companies outside the U.S. that use international accounting standards will no longer be required to adjust their financial statements to comply with American accounting rules. Read more..

By FLOYD NORRIS - The New York Times

Wal-Mart’s Environmental Report Card

Wal-Mart Stores released a “comprehensive report of its sustainability efforts” on Thursday. But the document could more accurately be described as a citizenship report. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29.8530.1029.4529.9453.9M
General ElectricGE38.5038.6737.8738.6550.2M
Oracle Corp.ORCL20.4221.0620.1920.8044.7M
AT&T Inc.T39.5640.5439.3039.5543.1M
Wells Fargo & Co.WFC31.6931.8530.8231.1439.5M
JPMorgan ChaseJPM43.7444.1142.4843.0929M
HP Inc.HPQ50.1250.7549.4850.7522.1M
Wal-Mart StoresWMT46.4246.6045.6246.3418.9M
Home DepotHD29.1229.2028.4229.0718.2M
Verizon CommunicationsVZ43.2444.0043.0543.6916.8M
Procter & GamblePG72.4673.2572.1573.1915.1M
Johnson & JohnsonJNJ67.2067.7866.5867.7515.1M
Abbott LaboratoriesABT54.8255.2254.4655.2113.5M
Bristol-Myers SquibbBMY27.9528.1927.4927.7910.1M
Gilead SciencesGILD43.7044.9543.4744.649.53M
Walt Disney & Co.DIS32.5932.7032.0132.539.35M
International Business MachinesIBM104.51105.00103.25104.799.29M
UnitedHealth GroupUNH53.2753.7352.8953.428.2M
United TechnologiesUTX74.6074.7673.3774.304.67M
Union PacificUNP125.00126.50124.35126.482.46M
Berkshire HathawayBRK.B4546.004548.004518.004544.0017.9K
Exchange Rates of November 16th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111.070 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.973 CAD1 CAD = 1.027 USD
US DollarSwiss Franc1 USD = 1.117 CHF1 CHF = 0.895 USD
US DollarChinese Yuan1 USD = 7.423 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 162.870 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.714 GBP1 GBP = 1.402 EUR
EuroAustralian Dollar1 EUR = 1.642 AUD1 AUD = 0.609 EUR
EuroCanadian Dollar1 EUR = 1.427 CAD1 CAD = 0.701 EUR
EuroSwiss Franc1 EUR = 1.639 CHF1 CHF = 0.610 EUR
Japanese YenPound Sterling1 JPY = 0.438 GBP1 GBP = 2.284 JPY
Japanese YenAustralian Dollar1 JPY = 1.008 AUD1 AUD = 0.992 JPY
Japanese YenCanadian Dollar1 JPY = 0.876 CAD1 CAD = 1.142 JPY
Japanese YenSwiss Franc1 JPY = 1.006 CHF1 CHF = 0.994 JPY
Pound SterlingAustralian Dollar1 GBP = 2.301 AUD1 AUD = 0.435 GBP
Pound SterlingCanadian Dollar1 GBP = 2.000 CAD1 CAD = 0.500 GBP
Pound SterlingSwiss Franc1 GBP = 2.296 CHF1 CHF = 0.436 GBP
Australian DollarCanadian Dollar1 AUD = 0.869 CAD1 CAD = 1.151 AUD
Australian DollarSwiss Franc1 AUD = 0.997 CHF1 CHF = 1.003 AUD
Canadian DollarSwiss Franc1 CAD = 1.148 CHF1 CHF = 0.871 CAD

See what else happened on November 16th, 2007