Financial news on December 17th, 2007

Business and Financial news
Advertising Accounts

Accounts. Read more..

By THE NEW YORK TIMES - The New York Times

A Pro Athlete With Spare Millions? Lenny Dykstra Has Your Magazine

Lenny Dykstra, a former baseball star, is launching The Players Club, a magazine aimed at helping players manage their millions. Read more..

By KEN BELSON - The New York Times

A Quicker Resort This Year to Deep Discounting

Ideeli, a new e-commerce Web site, will offer members a chance to buy heavily discounted luxury items — as long as they are quick enough. Read more..

By BOB TEDESCHI - The New York Times

A Warning From Behind the Curtain

Media consumers have been watching the writers’ strike from the sidelines, but they might take notice if the awards season is replaced by marches and pickets. Read more..

By DAVID CARR - The New York Times

Beyond Sheep-Throwing: Rhapsody on Facebook

The new Facebook application for the Rhapsody music service shows some of the advantages of integrating powerful applications into Facebook’s environment. Read more..

By SAUL HANSELL - The New York Times

Faster Chips Are Leaving Programmers in Their Dust

Newer computer chips with multiple processors require dauntingly complex software and programmers are having a hard time keeping up. Read more..

By JOHN MARKOFF - The New York Times

Group to Ask for Expanded Inquiry of the Power Markets

A broad coalition of groups is expected to file a petition asking the Federal Energy Regulatory Commission to expand its investigation into the marketing of power. Read more..

By DAVID CAY JOHNSTON - The New York Times

Ingersoll to Buy Climate Control Maker

Ingersoll Rand, the industrial conglomerate, said Monday it would buy Trane, the air conditioning company that is the successor to American Standard, for $10.1 billion in cash and stock. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Looking Ahead

Key milestones expected in the week ahead. Read more..

By THE NEW YORK TIMES - The New York Times

Would You Buy a Telephone From a Company Named Ribbit?

A startup takes an entire telephone company switchboard and makes it available over the Internet. This allows programmers to develop applications that combine telephone calls and other data. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.5928.6527.9227.9544M
General ElectricGE36.8936.9036.2836.4840.4M
Oracle Corp.ORCL21.1521.1620.8220.9437M
Home DepotHD26.5326.7325.8425.9425.2M
AT&T Inc.T40.8041.1440.4440.5023.5M
Wells Fargo & Co.WFC29.9130.8829.5030.0721.8M
JPMorgan ChaseJPM44.5145.5044.3644.5320M
Wal-Mart StoresWMT47.3748.1647.2647.8316.5M
Procter & GamblePG73.6873.9473.0973.2413.3M
Verizon CommunicationsVZ44.0144.1043.0043.1012.6M
Bristol-Myers SquibbBMY27.9828.2527.7527.8112.5M
Johnson & JohnsonJNJ67.5567.7667.2167.5512.4M
Walt Disney & Co.DIS32.9733.2532.6932.9912M
HP Inc.HPQ51.8152.0550.7950.9311.2M
Abbott LaboratoriesABT57.2557.9456.5656.7710.4M
International Business MachinesIBM105.37105.99104.00104.537.13M
UnitedHealth GroupUNH56.6057.2056.3756.595.75M
Gilead SciencesGILD45.5046.1945.3245.445.5M
United TechnologiesUTX76.4576.6574.8375.044.47M
Union PacificUNP130.23130.84128.77128.961.88M
Berkshire HathawayBRK.B4655.004655.004460.004525.0039.5K
Exchange Rates of December 17th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 112.910 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.005 CAD1 CAD = 0.995 USD
US DollarSwiss Franc1 USD = 1.149 CHF1 CHF = 0.870 USD
US DollarChinese Yuan1 USD = 7.380 CNY1 CNY = 0.136 USD
EuroJapanese Yen1 EUR = 162.630 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.713 GBP1 GBP = 1.404 EUR
EuroAustralian Dollar1 EUR = 1.680 AUD1 AUD = 0.595 EUR
EuroCanadian Dollar1 EUR = 1.448 CAD1 CAD = 0.691 EUR
EuroSwiss Franc1 EUR = 1.655 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.438 GBP1 GBP = 2.284 JPY
Japanese YenAustralian Dollar1 JPY = 1.032 AUD1 AUD = 0.969 JPY
Japanese YenCanadian Dollar1 JPY = 0.890 CAD1 CAD = 1.124 JPY
Japanese YenSwiss Franc1 JPY = 1.017 CHF1 CHF = 0.983 JPY
Pound SterlingAustralian Dollar1 GBP = 2.357 AUD1 AUD = 0.424 GBP
Pound SterlingCanadian Dollar1 GBP = 2.032 CAD1 CAD = 0.492 GBP
Pound SterlingSwiss Franc1 GBP = 2.321 CHF1 CHF = 0.431 GBP
Australian DollarCanadian Dollar1 AUD = 0.861 CAD1 CAD = 1.161 AUD
Australian DollarSwiss Franc1 AUD = 0.984 CHF1 CHF = 1.016 AUD
Canadian DollarSwiss Franc1 CAD = 1.142 CHF1 CHF = 0.875 CAD

See what else happened on December 17th, 2007