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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL21.3321.4020.5620.7668.6M
MicrosoftMSFT34.6935.1434.3834.7958.5M
General ElectricGE36.7737.0236.3236.5740M
PfizerPFE23.3323.4823.0123.2735.3M
IntelINTC25.8526.2525.8226.1933.6M
Cisco SystemsCSCO28.1428.5027.9728.1933.4M
AppleAAPL182.98184.64180.90183.1229.6M
AT&T Inc.T40.5240.7639.6339.9425.5M
ComcastCMCSA18.0018.1017.9418.0323.8M
Wells Fargo & Co.WFC30.3931.2930.2130.6223.6M
JPMorgan ChaseJPM43.9045.1043.6643.9821.3M
ExxonMobilXOM91.0792.0090.4491.4319.6M
Home DepotHD26.4326.4325.8426.2417.9M
Bristol-Myers SquibbBMY28.2428.2627.8127.9616.9M
Wal-Mart StoresWMT48.3948.4947.8548.0813.1M
AmgenAMGN46.9747.3046.8447.1912.8M
Verizon CommunicationsVZ44.1044.3543.4443.6512.3M
AltriaMO76.0977.2175.7076.6811.6M
ConocoPhillipsCOP83.7284.7983.2684.1911.1M
Walt Disney & Co.DIS33.0233.1432.0832.2611M
HP Inc.HPQ50.9951.5550.7451.1510M
SchlumbergerSLB91.5594.4091.1091.119.68M
Johnson & JohnsonJNJ67.5967.7567.2167.328.85M
AlphabetGOOGL674.21679.50669.00677.378.83M
BoeingBA87.5088.1786.4786.628.62M
ChevronCVX91.3992.1290.3290.908.33M
Procter & GamblePG72.7873.6272.6672.988.17M
MerckMRK59.6360.0059.0359.348.04M
AmazonAMZN86.9489.9586.8389.387.62M
Abbott LaboratoriesABT57.5858.0056.9657.237.53M
Union PacificUNP122.49126.60121.36124.617.4M
Coca-ColaKO62.2063.0062.1062.857.2M
International Business MachinesIBM106.54108.38105.87107.147.03M
McDonald'sMCD59.7760.1058.7558.856.18M
PepsicoPEP77.1977.3976.3276.795.04M
UnitedHealth GroupUNH57.1057.6656.2557.364.46M
Gilead SciencesGILD45.8045.9945.0845.784.24M
United TechnologiesUTX76.0576.6074.9575.803.84M
3MMMM85.6985.8484.1184.933.73M
Berkshire HathawayBRK.B4510.004510.004432.004478.0011.9K
Exchange Rates of December 19, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113.420 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.002 CAD1 CAD = 0.998 USD
US DollarSwiss Franc1 USD = 1.155 CHF1 CHF = 0.866 USD
US DollarChinese Yuan1 USD = 7.377 CNY1 CNY = 0.136 USD
EuroJapanese Yen1 EUR = 163.140 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.720 GBP1 GBP = 1.389 EUR
EuroAustralian Dollar1 EUR = 1.674 AUD1 AUD = 0.597 EUR
EuroCanadian Dollar1 EUR = 1.441 CAD1 CAD = 0.694 EUR
EuroSwiss Franc1 EUR = 1.661 CHF1 CHF = 0.602 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.268 JPY
Japanese YenAustralian Dollar1 JPY = 1.026 AUD1 AUD = 0.975 JPY
Japanese YenCanadian Dollar1 JPY = 0.883 CAD1 CAD = 1.133 JPY
Japanese YenSwiss Franc1 JPY = 1.018 CHF1 CHF = 0.982 JPY
Pound SterlingAustralian Dollar1 GBP = 2.326 AUD1 AUD = 0.430 GBP
Pound SterlingCanadian Dollar1 GBP = 2.002 CAD1 CAD = 0.500 GBP
Pound SterlingSwiss Franc1 GBP = 2.307 CHF1 CHF = 0.434 GBP
Australian DollarCanadian Dollar1 AUD = 0.860 CAD1 CAD = 1.163 AUD
Australian DollarSwiss Franc1 AUD = 0.991 CHF1 CHF = 1.009 AUD
Canadian DollarSwiss Franc1 CAD = 1.152 CHF1 CHF = 0.868 CAD

See what else happened on December 19, 2007