Financial news on November 20th, 2007

Business and Financial news
A New Science, at First Blush

Scientists are working feverishly to develop new technologies to test cosmetics before a European Union ban on animal testing begins in March 2009. Read more..

By DOREEN CARVAJAL - The New York Times

Employees at CBS News Vote to Authorize a Strike

The vote enables the guild to call a strike at any time, although a walkout is not imminent. A strike could affect CBS television and radio newscasts, both nationally and in four local markets. Read more..

By BRIAN STELTER - The New York Times

Fed Report Trims Economic Outlook

Policy makers expect the economy to keep expanding over the next year, but they have lowered their forecasts. Read more..

By EDMUND L. ANDREWS - The New York Times

Freddie Mac Posts a $2 Billion Loss

Turmoil in housing continued to reverberate today, with the homebuilder D.R. Horton also reporting a loss. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Icahn Acquires More Shares of Blockbuster, Nudging His Stake to 16%

Carl C. Icahn holds 13.2 million shares of Blockbuster Class A shares, according to a filing yesterday with the Securities and Exchange Commission. Read more..

By BLOOMBERG NEWS - The New York Times

New Worries About Credit Drive Down Stock Markets

An analyst’s downgrading of Citigroup to “sell” hit a raw nerve among investors and sent the Dow tumbling more than 218 points. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

On the Job, Everywhere

Hotels and airports are gradually catching on to the fact that mobile workers need more help getting their jobs done on the road. Read more..

By SUSAN STELLIN - The New York Times

Pioneer Lodging Chain Aims to Get Its Consistency Back

In recent years, Holiday Inn, now owned by InterContinental Hotels Group of London, has recovered from its decline and is expanding aggressively. Read more..

By JOE SHARKEY - The New York Times

Suit on Apple Options Is Dismissed

Apple won dismissal of a lawsuit claiming that company directors and managers, including the chief executive, Steven P. Jobs, lied to shareholders about the backdating of option awards. Read more..

By BLOOMBERG NEWS - The New York Times

Swiss Re Takes $1 Billion Write-Down

The company’s stock dropped the most since March 2003 after the announcement, which came two weeks after the company said its exposure to U.S. subprime mortgage woes would be limited. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO29,4429,8428,4929,0463.3M
General ElectricGE38,1538,6137,5038,0443.3M
Wells Fargo & Co.WFC30,2730,9829,7030,4239M
Oracle Corp.ORCL20,4420,9420,2320,6934.6M
JPMorgan ChaseJPM41,3742,3540,2841,6333.3M
HP Inc.HPQ50,5850,6948,6249,5632.5M
AT&T Inc.T38,2438,4137,6938,0332.1M
Home DepotHD28,1928,7527,9528,5026.6M
Wal-Mart StoresWMT45,4546,2144,7045,5025.6M
Bristol-Myers SquibbBMY28,1328,4827,8928,1116.5M
Johnson & JohnsonJNJ67,8367,9567,2067,6415.5M
Verizon CommunicationsVZ43,0343,7342,7143,1614.8M
Abbott LaboratoriesABT55,0255,8054,8055,5813.7M
Procter & GamblePG73,0873,8572,4673,2112.8M
Walt Disney & Co.DIS31,4731,8931,0231,559.43M
UnitedHealth GroupUNH53,4754,4553,3554,078.67M
International Business MachinesIBM102,59104,97101,38103,428.39M
Gilead SciencesGILD43,6144,2842,8243,757.77M
United TechnologiesUTX73,8075,0073,5674,325.33M
Union PacificUNP125,15127,85124,49126,452.35M
Berkshire HathawayBRK.B4563,004584,004544,004551,5025.4K
Exchange Rates of November 20th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 109,980 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,979 CAD1 CAD = 1,021 USD
US DollarSwiss Franc1 USD = 1,106 CHF1 CHF = 0,904 USD
US DollarChinese Yuan1 USD = 7,424 CNY1 CNY = 0,135 USD
EuroJapanese Yen1 EUR = 163,200 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,718 GBP1 GBP = 1,393 EUR
EuroAustralian Dollar1 EUR = 1,661 AUD1 AUD = 0,602 EUR
EuroCanadian Dollar1 EUR = 1,453 CAD1 CAD = 0,688 EUR
EuroSwiss Franc1 EUR = 1,641 CHF1 CHF = 0,609 EUR
Japanese YenPound Sterling1 JPY = 0,440 GBP1 GBP = 2,275 JPY
Japanese YenAustralian Dollar1 JPY = 1,017 AUD1 AUD = 0,983 JPY
Japanese YenCanadian Dollar1 JPY = 0,890 CAD1 CAD = 1,124 JPY
Japanese YenSwiss Franc1 JPY = 1,005 CHF1 CHF = 0,995 JPY
Pound SterlingAustralian Dollar1 GBP = 2,315 AUD1 AUD = 0,432 GBP
Pound SterlingCanadian Dollar1 GBP = 2,024 CAD1 CAD = 0,494 GBP
Pound SterlingSwiss Franc1 GBP = 2,285 CHF1 CHF = 0,438 GBP
Australian DollarCanadian Dollar1 AUD = 0,874 CAD1 CAD = 1,145 AUD
Australian DollarSwiss Franc1 AUD = 0,987 CHF1 CHF = 1,013 AUD
Canadian DollarSwiss Franc1 CAD = 1,129 CHF1 CHF = 0,886 CAD

See what else happened on November 20th, 2007