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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT34,6435,0034,2134,7452.8M
Cisco SystemsCSCO28,1428,4727,5828,1549.9M
IntelINTC25,9226,1425,5925,9144.7M
PfizerPFE23,1523,5622,9823,3743.9M
AppleAAPL186,52187,33178,60182,9843.7M
General ElectricGE36,5336,9336,2436,8042.2M
Oracle Corp.ORCL21,0821,2620,6221,2538.9M
ComcastCMCSA18,0918,1317,9718,0835.4M
JPMorgan ChaseJPM44,7044,9543,1343,9025.2M
ExxonMobilXOM90,5091,5489,0491,4224.6M
AT&T Inc.T40,9041,1440,5240,6024.1M
Home DepotHD26,2226,6025,5726,4722.4M
Wells Fargo & Co.WFC30,3130,6829,6530,3220.3M
Wal-Mart StoresWMT48,1948,5546,8748,2416.9M
AlphabetGOOGL674,16676,71652,50673,3514.3M
ConocoPhillipsCOP83,0683,8882,1883,5414M
Bristol-Myers SquibbBMY27,9228,3027,6328,1713.9M
Verizon CommunicationsVZ43,4243,9442,9843,8112.4M
Abbott LaboratoriesABT56,8957,9756,7057,6912.3M
Johnson & JohnsonJNJ67,8067,9067,1867,7112.3M
HP Inc.HPQ51,2551,7650,8851,0212M
Walt Disney & Co.DIS32,8033,3032,6133,0211.9M
Coca-ColaKO62,5662,8161,8862,2211.9M
AmgenAMGN46,8247,6946,8047,2910.9M
Procter & GamblePG73,3373,6572,5272,8410.7M
AltriaMO76,3176,5875,4075,9310.3M
MerckMRK59,8860,0359,3259,749.8M
ChevronCVX90,6191,6389,6191,198.74M
International Business MachinesIBM104,40106,97104,13106,318.04M
PepsicoPEP77,5078,0876,5277,027.38M
McDonald'sMCD60,1460,4959,5359,837.37M
AmazonAMZN85,8387,4683,8686,897.27M
SchlumbergerSLB91,6991,6989,0490,397.04M
UnitedHealth GroupUNH56,9957,4756,3457,206.55M
BoeingBA87,2087,8786,2087,175.73M
Gilead SciencesGILD45,3546,1645,0045,555.11M
United TechnologiesUTX75,8076,1874,6375,924.4M
3MMMM86,2186,3185,0385,853.08M
Union PacificUNP129,64130,14127,53129,431.76M
Berkshire HathawayBRK.B4515,004575,004365,004510,0044.3K
Exchange Rates of December 18, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113,360 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,005 CAD1 CAD = 0,995 USD
US DollarSwiss Franc1 USD = 1,152 CHF1 CHF = 0,868 USD
US DollarChinese Yuan1 USD = 7,385 CNY1 CNY = 0,135 USD
EuroJapanese Yen1 EUR = 163,430 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,715 GBP1 GBP = 1,398 EUR
EuroAustralian Dollar1 EUR = 1,674 AUD1 AUD = 0,597 EUR
EuroCanadian Dollar1 EUR = 1,449 CAD1 CAD = 0,690 EUR
EuroSwiss Franc1 EUR = 1,660 CHF1 CHF = 0,602 EUR
Japanese YenPound Sterling1 JPY = 0,437 GBP1 GBP = 2,286 JPY
Japanese YenAustralian Dollar1 JPY = 1,024 AUD1 AUD = 0,976 JPY
Japanese YenCanadian Dollar1 JPY = 0,886 CAD1 CAD = 1,129 JPY
Japanese YenSwiss Franc1 JPY = 1,015 CHF1 CHF = 0,985 JPY
Pound SterlingAustralian Dollar1 GBP = 2,341 AUD1 AUD = 0,427 GBP
Pound SterlingCanadian Dollar1 GBP = 2,025 CAD1 CAD = 0,494 GBP
Pound SterlingSwiss Franc1 GBP = 2,320 CHF1 CHF = 0,431 GBP
Australian DollarCanadian Dollar1 AUD = 0,865 CAD1 CAD = 1,157 AUD
Australian DollarSwiss Franc1 AUD = 0,991 CHF1 CHF = 1,009 AUD
Canadian DollarSwiss Franc1 CAD = 1,145 CHF1 CHF = 0,873 CAD

See what else happened on December 18, 2007