Financial news on December 18, 2007

Business and Financial news
As Ethanol Takes Its First Steps, Congress Proposes a Giant Leap

Congress is on the verge of telling American business to create a huge new industry capable of converting agricultural wastes and other plant material into automotive fuel. Read more..

By CLIFFORD KRAUSS - The New York Times

F.C.C. Eases Media Ownership Rule

A restriction preventing a company from owning both a newspaper and a television or radio station in the same city was loosened. Read more..

By STEPHEN LABATON - The New York Times

Home Prices in South Korea Stalling at a High Point

Over the past year, the once feverish housing market in South Korea has come to a near halt, as buyers and sellers have become scarce. Read more..

By MARTIN FACKLER - The New York Times

Loews to Spin Off Lorillard Tobacco

In a move that would finally separate it from the tobacco business, Loews said it planned to divest its interest in Lorillard Tobacco, the maker of Kent, Newport, Maverick and True. Read more..

By GERALDINE FABRIKANT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 34,64 35,00 34,21 34,74 52.8M
Cisco Systems CSCO 28,14 28,47 27,58 28,15 49.9M
Intel INTC 25,92 26,14 25,59 25,91 44.7M
Pfizer PFE 23,15 23,56 22,98 23,37 43.9M
Apple AAPL 186,52 187,33 178,60 182,98 43.7M
General Electric GE 36,53 36,93 36,24 36,80 42.2M
Oracle Corp. ORCL 21,08 21,26 20,62 21,25 38.9M
Comcast CMCSA 18,09 18,13 17,97 18,08 35.4M
JPMorgan Chase JPM 44,70 44,95 43,13 43,90 25.2M
ExxonMobil XOM 90,50 91,54 89,04 91,42 24.6M
AT&T Inc. T 40,90 41,14 40,52 40,60 24.1M
Home Depot HD 26,22 26,60 25,57 26,47 22.4M
Wells Fargo & Co. WFC 30,31 30,68 29,65 30,32 20.3M
Wal-Mart Stores WMT 48,19 48,55 46,87 48,24 16.9M
Alphabet GOOGL 674,16 676,71 652,50 673,35 14.3M
ConocoPhillips COP 83,06 83,88 82,18 83,54 14M
Bristol-Myers Squibb BMY 27,92 28,30 27,63 28,17 13.9M
Verizon Communications VZ 43,42 43,94 42,98 43,81 12.4M
Abbott Laboratories ABT 56,89 57,97 56,70 57,69 12.3M
Johnson & Johnson JNJ 67,80 67,90 67,18 67,71 12.3M
HP Inc. HPQ 51,25 51,76 50,88 51,02 12M
Walt Disney & Co. DIS 32,80 33,30 32,61 33,02 11.9M
Coca-Cola KO 62,56 62,81 61,88 62,22 11.9M
Amgen AMGN 46,82 47,69 46,80 47,29 10.9M
Procter & Gamble PG 73,33 73,65 72,52 72,84 10.7M
Altria MO 76,31 76,58 75,40 75,93 10.3M
Merck MRK 59,88 60,03 59,32 59,74 9.8M
Chevron CVX 90,61 91,63 89,61 91,19 8.74M
International Business Machines IBM 104,40 106,97 104,13 106,31 8.04M
Pepsico PEP 77,50 78,08 76,52 77,02 7.38M
McDonald's MCD 60,14 60,49 59,53 59,83 7.37M
Amazon AMZN 85,83 87,46 83,86 86,89 7.27M
Schlumberger SLB 91,69 91,69 89,04 90,39 7.04M
UnitedHealth Group UNH 56,99 57,47 56,34 57,20 6.55M
Boeing BA 87,20 87,87 86,20 87,17 5.73M
Gilead Sciences GILD 45,35 46,16 45,00 45,55 5.11M
United Technologies UTX 75,80 76,18 74,63 75,92 4.4M
3M MMM 86,21 86,31 85,03 85,85 3.08M
Union Pacific UNP 129,64 130,14 127,53 129,43 1.76M
Berkshire Hathaway BRK.B 4515,00 4575,00 4365,00 4510,00 44.3K
Exchange Rates of December 18, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 113,360 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 1,005 CAD 1 CAD = 0,995 USD
US Dollar Swiss Franc 1 USD = 1,152 CHF 1 CHF = 0,868 USD
US Dollar Chinese Yuan 1 USD = 7,385 CNY 1 CNY = 0,135 USD
Euro Japanese Yen 1 EUR = 163,430 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,715 GBP 1 GBP = 1,398 EUR
Euro Australian Dollar 1 EUR = 1,674 AUD 1 AUD = 0,597 EUR
Euro Canadian Dollar 1 EUR = 1,449 CAD 1 CAD = 0,690 EUR
Euro Swiss Franc 1 EUR = 1,660 CHF 1 CHF = 0,602 EUR
Japanese Yen Pound Sterling 1 JPY = 0,437 GBP 1 GBP = 2,286 JPY
Japanese Yen Australian Dollar 1 JPY = 1,024 AUD 1 AUD = 0,976 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,886 CAD 1 CAD = 1,129 JPY
Japanese Yen Swiss Franc 1 JPY = 1,015 CHF 1 CHF = 0,985 JPY
Pound Sterling Australian Dollar 1 GBP = 2,341 AUD 1 AUD = 0,427 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,025 CAD 1 CAD = 0,494 GBP
Pound Sterling Swiss Franc 1 GBP = 2,320 CHF 1 CHF = 0,431 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,865 CAD 1 CAD = 1,157 AUD
Australian Dollar Swiss Franc 1 AUD = 0,991 CHF 1 CHF = 1,009 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,145 CHF 1 CHF = 0,873 CAD

See what else happened on December 18, 2007