Financial news on November 21, 2007

Business and Financial news
A Faded Downtown Gets Luxury Housing, but Retailers Stay Away

To optimists, huge investments by major developers provide proof that New Rochelle, New York’s renaissance has begun. Yet there remain few signs of renewed economic vitality downtown. Read more..

By ELSA BRENNER - The New York Times

Goldman Sachs Starts Drive to Build Philanthropy Fund

On the back of record profit so far this year, Goldman Sachs is starting a donor-driven philanthropy fund that aims to reach $1 billion over the next few years. Read more..

By JENNY ANDERSON - The New York Times

In New Orleans, a Test of Mixed-Income Housing

Despite the havoc wrought by Hurricane Katrina around this city, one slice of the devastated housing market is showing resurgence. Read more..

By TERRY PRISTIN - The New York Times

John D. Rock, Former G.M. Executive, Is Dead at 71

John D. Rock was a blunt-talking General Motors executive who tried unsuccessfully to save the Oldsmobile division. Read more..


Loan Crisis Entangles Freddie Mac

Losses at the big mortgage finance company on Tuesday underscored the continuing turmoil in the housing industry. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Making Social Connections and Selling Cookies

Pepperidge Farm is creating a Web site devoted to social networking and targeted at women who are looking to improve their social lives. Read more..

By STUART ELLIOTT - The New York Times

Merrill Fires Executive in Asian Unit

Merrill Lynch ousted the co-head of its Asian fixed-income business amid a management shake-up after $8.4 billion of losses on subprime mortgage-related securities and bad loans. Read more..

By BLOOMBERG NEWS - The New York Times

Travelers’ Odds Decline on Airline Baggage

Despite increased efforts by the airlines, millions of travelers’ bags still fail to reach the carousel. Read more..

By JEFF BAILEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE37,6737,9936,9437,1764.5M
Cisco SystemsCSCO28,3828,7528,1128,2554M
Wells Fargo & Co.WFC30,1430,5729,8329,9241.5M
Oracle Corp.ORCL20,2520,6320,0220,2129.4M
JPMorgan ChaseJPM40,8142,0040,1540,6826.8M
AT&T Inc.T38,1038,1037,4537,4518M
Wal-Mart StoresWMT45,2345,4144,6844,8617.5M
Johnson & JohnsonJNJ67,3667,6566,9467,1415M
Bristol-Myers SquibbBMY28,0128,0527,3427,4614.7M
HP Inc.HPQ48,4649,9248,4648,8814.4M
Verizon CommunicationsVZ42,9543,0941,9541,9512.6M
Home DepotHD28,0028,3927,8128,0512.6M
Abbott LaboratoriesABT55,0155,4954,5654,7311.7M
Procter & GamblePG72,9973,8072,0972,2610.4M
Walt Disney & Co.DIS31,3531,7031,1231,508.66M
International Business MachinesIBM101,41104,09101,41102,227.1M
UnitedHealth GroupUNH53,9554,4053,1153,417.02M
Gilead SciencesGILD43,4144,0442,9743,065.45M
United TechnologiesUTX74,0274,1372,6872,784.39M
Union PacificUNP125,07125,45122,06122,912.4M
Berkshire HathawayBRK.B4550,004550,004465,004471,5029.9K
Exchange Rates of November 21, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108,370 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,987 CAD1 CAD = 1,014 USD
US DollarSwiss Franc1 USD = 1,102 CHF1 CHF = 0,908 USD
US DollarChinese Yuan1 USD = 7,411 CNY1 CNY = 0,135 USD
EuroJapanese Yen1 EUR = 161,020 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,719 GBP1 GBP = 1,390 EUR
EuroAustralian Dollar1 EUR = 1,706 AUD1 AUD = 0,586 EUR
EuroCanadian Dollar1 EUR = 1,466 CAD1 CAD = 0,682 EUR
EuroSwiss Franc1 EUR = 1,637 CHF1 CHF = 0,611 EUR
Japanese YenPound Sterling1 JPY = 0,447 GBP1 GBP = 2,240 JPY
Japanese YenAustralian Dollar1 JPY = 1,059 AUD1 AUD = 0,944 JPY
Japanese YenCanadian Dollar1 JPY = 0,910 CAD1 CAD = 1,099 JPY
Japanese YenSwiss Franc1 JPY = 1,016 CHF1 CHF = 0,984 JPY
Pound SterlingAustralian Dollar1 GBP = 2,371 AUD1 AUD = 0,422 GBP
Pound SterlingCanadian Dollar1 GBP = 2,038 CAD1 CAD = 0,491 GBP
Pound SterlingSwiss Franc1 GBP = 2,275 CHF1 CHF = 0,440 GBP
Australian DollarCanadian Dollar1 AUD = 0,859 CAD1 CAD = 1,165 AUD
Australian DollarSwiss Franc1 AUD = 0,959 CHF1 CHF = 1,043 AUD
Canadian DollarSwiss Franc1 CAD = 1,116 CHF1 CHF = 0,896 CAD

See what else happened on November 21, 2007