Financial news on December 19, 2007

Business and Financial news
A Producer of Movies to Try Hand at Games

Jerry Bruckheimer announced a deal with MTV to develop video games, which are likely to start appearing on store shelves in 2009. Read more..

By ROBERT LEVINE - The New York Times

Banks Study Bailing Out Struggling Bond Insurer

Officials from Merrill Lynch, Bear Stearns and other major banks are in talks to bail out ACA Capital Holdings, according to two people briefed on the situation. Read more..

By VIKAS BAJAJ and GRETCHEN MORGENSON - The New York Times

Cafe’s Growth Is Promising, but There’s That Lack of a Stove

Caitlin Adler is grappling with an age-old conundrum of starting a business: growth is good but she still has to meet the payroll. Read more..

By BRENT BOWERS - The New York Times

Detroit Revival Vies With Industry’s Decline

Even as Detroit shows encouraging signs of life, the automobile industry, the city’s life force, faces further declines in the coming year. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

Insurers Seek Bigger Reach in Coverage

The insurance industry planned to propose a series of steps the companies say would let more individuals obtain coverage. Read more..

By REED ABELSON - The New York Times

Laugh at the Web Clips, Then Buy the Gel

With the increasing interest among marketers in embedding brands in entertainment programming, a viral campaign is arriving that spoofs the concept — while at the same time playing up the product. Read more..

By STUART ELLIOTT - The New York Times

Morgan Stanley to Sell Stake to China Amid Loss

The bank said it would sell a $5 billion stake to China’s sovereign wealth fund as it posted a loss after taking a $5.7 billion write-down. Read more..

By MICHAEL J. de la MERCED and KEITH BRADSHER - The New York Times

New Business Helps Oracle to a Strong Quarter

The business software company surpassed Wall Street’s projections as the company reported a sharp rise in new software licenses. Read more..

By LAURIE J. FLYNN - The New York Times

The Web Is Overrun With Elves

OfficeMax has a holiday hit on its hands once again with ElfYourself.com. Read more..

By BRAD STONE - The New York Times

Tribune Chief to Step Down After Sale

Dennis J. FitzSimons will step down as chairman and chief executive of Tribune Company as soon as an $8.2 billion takeover deal is completed, the company said. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Oracle Corp. ORCL 21.33 21.40 20.56 20.76 68.6M
Microsoft MSFT 34.69 35.14 34.38 34.79 58.5M
General Electric GE 36.77 37.02 36.32 36.57 40M
Pfizer PFE 23.33 23.48 23.01 23.27 35.3M
Intel INTC 25.85 26.25 25.82 26.19 33.6M
Cisco Systems CSCO 28.14 28.50 27.97 28.19 33.4M
Apple AAPL 182.98 184.64 180.90 183.12 29.6M
AT&T Inc. T 40.52 40.76 39.63 39.94 25.5M
Comcast CMCSA 18.00 18.10 17.94 18.03 23.8M
Wells Fargo & Co. WFC 30.39 31.29 30.21 30.62 23.6M
JPMorgan Chase JPM 43.90 45.10 43.66 43.98 21.3M
ExxonMobil XOM 91.07 92.00 90.44 91.43 19.6M
Home Depot HD 26.43 26.43 25.84 26.24 17.9M
Bristol-Myers Squibb BMY 28.24 28.26 27.81 27.96 16.9M
Wal-Mart Stores WMT 48.39 48.49 47.85 48.08 13.1M
Amgen AMGN 46.97 47.30 46.84 47.19 12.8M
Verizon Communications VZ 44.10 44.35 43.44 43.65 12.3M
Altria MO 76.09 77.21 75.70 76.68 11.6M
ConocoPhillips COP 83.72 84.79 83.26 84.19 11.1M
Walt Disney & Co. DIS 33.02 33.14 32.08 32.26 11M
HP Inc. HPQ 50.99 51.55 50.74 51.15 10M
Schlumberger SLB 91.55 94.40 91.10 91.11 9.68M
Johnson & Johnson JNJ 67.59 67.75 67.21 67.32 8.85M
Alphabet GOOGL 674.21 679.50 669.00 677.37 8.83M
Boeing BA 87.50 88.17 86.47 86.62 8.62M
Chevron CVX 91.39 92.12 90.32 90.90 8.33M
Procter & Gamble PG 72.78 73.62 72.66 72.98 8.17M
Merck MRK 59.63 60.00 59.03 59.34 8.04M
Amazon AMZN 86.94 89.95 86.83 89.38 7.62M
Abbott Laboratories ABT 57.58 58.00 56.96 57.23 7.53M
Union Pacific UNP 122.49 126.60 121.36 124.61 7.4M
Coca-Cola KO 62.20 63.00 62.10 62.85 7.2M
International Business Machines IBM 106.54 108.38 105.87 107.14 7.03M
McDonald's MCD 59.77 60.10 58.75 58.85 6.18M
Pepsico PEP 77.19 77.39 76.32 76.79 5.04M
UnitedHealth Group UNH 57.10 57.66 56.25 57.36 4.46M
Gilead Sciences GILD 45.80 45.99 45.08 45.78 4.24M
United Technologies UTX 76.05 76.60 74.95 75.80 3.84M
3M MMM 85.69 85.84 84.11 84.93 3.73M
Berkshire Hathaway BRK.B 4510.00 4510.00 4432.00 4478.00 11.9K
Exchange Rates of December 19, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 113.420 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.002 CAD 1 CAD = 0.998 USD
US Dollar Swiss Franc 1 USD = 1.155 CHF 1 CHF = 0.866 USD
US Dollar Chinese Yuan 1 USD = 7.377 CNY 1 CNY = 0.136 USD
Euro Japanese Yen 1 EUR = 163.140 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.720 GBP 1 GBP = 1.389 EUR
Euro Australian Dollar 1 EUR = 1.674 AUD 1 AUD = 0.597 EUR
Euro Canadian Dollar 1 EUR = 1.441 CAD 1 CAD = 0.694 EUR
Euro Swiss Franc 1 EUR = 1.661 CHF 1 CHF = 0.602 EUR
Japanese Yen Pound Sterling 1 JPY = 0.441 GBP 1 GBP = 2.268 JPY
Japanese Yen Australian Dollar 1 JPY = 1.026 AUD 1 AUD = 0.975 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.883 CAD 1 CAD = 1.133 JPY
Japanese Yen Swiss Franc 1 JPY = 1.018 CHF 1 CHF = 0.982 JPY
Pound Sterling Australian Dollar 1 GBP = 2.326 AUD 1 AUD = 0.430 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.002 CAD 1 CAD = 0.500 GBP
Pound Sterling Swiss Franc 1 GBP = 2.307 CHF 1 CHF = 0.434 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.860 CAD 1 CAD = 1.163 AUD
Australian Dollar Swiss Franc 1 AUD = 0.991 CHF 1 CHF = 1.009 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.152 CHF 1 CHF = 0.868 CAD

See what else happened on December 19, 2007