Financial news on November 23rd, 2007

Business and Financial news
Chinese Maker to Sell $7,000 Cars in Mexico

A Chinese automaker, First Automobile Works, will begin exporting cars to Mexico by year’s end, looking to tap into the market for inexpensive cars. Read more..

By ELISABETH MALKIN - The New York Times

Eni of Italy Signs a Pipeline Deal With Gazprom

Gazprom signed a contract with Eni, the Italian energy group, to build a pipeline linking Russia to Europe via the Black Sea. Read more..

By JUDY DEMPSEY - The New York Times

French Banks Acquire Bond Insurance Company

Another crack in the subprime mortgage market appeared to have been patched as two French banks bought out a bond-insurance company that has exposure to the mortgage crisis. Read more..

By LOUISE STORY - The New York Times

In Reversal, Safe Is Risky, Risky Is Safe

Some of Wall Street’s safest institutions — or those that hoped to be perceived as safe — turned out not to be, while some perceived as risky are so far sailing through. Read more..

By JENNY ANDERSON - The New York Times

Insurers Shift Cost Burdens to Homeowners

After years of taking losses on home insurance, insurers are increasingly making homeowners responsible for repairs and reconstruction. Read more..

By JOSEPH B. TREASTER - The New York Times

Japanese Shift Cash Out of U.S. Investments

Many Japanese investors are quitting American investments, in a move that is altering global capital flows and helping to weaken the dollar. Read more..

By MARTIN FACKLER - The New York Times

South Africa: Renault to Build

Renault of France will start building cars in South Africa from 2009 to expand its share of sales in rapidly growing emerging markets. Read more..

By BLOOMBERG NEWS - The New York Times

Turning Nonworking Gizmos Into Money

An entrepreneur builds a business around buying broken iPods and iPhones. Read more..

By BRAD STONE - The New York Times

Web Research Drives More Real-World Purchases

Amid the generally lackluster holiday season, the percentage of offline purchases that are researched online is booming. Read more..

By BRAD STONE - The New York Times

What the Corporate Auditor Is Told, a Plaintiff Could Exploit

A growing conflict is emerging between auditors and their corporate clients, amid pressure on both sides to do more to root out corporate wrongdoing and fraud. Read more..

By LYNNLEY BROWNING - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE37.1637.8737.1637.6723.5M
Cisco SystemsCSCO28.4428.7828.1428.6922.1M
Wal-Mart StoresWMT45.2346.2544.8745.7313.6M
Wells Fargo & Co.WFC30.4831.1430.2630.8412.3M
AT&T Inc.T37.6237.9137.3837.6311.9M
Oracle Corp.ORCL20.2420.4320.0620.3111.2M
JPMorgan ChaseJPM41.5042.2040.9641.9510.8M
Home DepotHD28.1829.0128.0628.959.79M
Bristol-Myers SquibbBMY27.7728.2327.7528.087.38M
Johnson & JohnsonJNJ67.4067.4066.1766.885.96M
HP Inc.HPQ49.4449.4848.9049.174.66M
Verizon CommunicationsVZ42.1042.7142.0342.644.61M
Procter & GamblePG72.8872.9272.3072.864.59M
Abbott LaboratoriesABT55.2055.5054.7355.494.33M
Walt Disney & Co.DIS31.6531.9031.4931.843.55M
UnitedHealth GroupUNH53.6654.1553.6554.072.96M
International Business MachinesIBM103.10104.14102.32104.052.83M
Gilead SciencesGILD43.1143.4642.8343.321.55M
United TechnologiesUTX73.1273.5372.8073.461.47M
Union PacificUNP124.40125.49123.48124.68969K
Berkshire HathawayBRK.B4462.004482.004462.004475.0010.5K
Exchange Rates of November 23rd, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.260 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.988 CAD1 CAD = 1.012 USD
US DollarSwiss Franc1 USD = 1.102 CHF1 CHF = 0.907 USD
US DollarChinese Yuan1 USD = 7.399 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 160.630 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.719 GBP1 GBP = 1.390 EUR
EuroAustralian Dollar1 EUR = 1.690 AUD1 AUD = 0.592 EUR
EuroCanadian Dollar1 EUR = 1.466 CAD1 CAD = 0.682 EUR
EuroSwiss Franc1 EUR = 1.635 CHF1 CHF = 0.612 EUR
Japanese YenPound Sterling1 JPY = 0.448 GBP1 GBP = 2.235 JPY
Japanese YenAustralian Dollar1 JPY = 1.051 AUD1 AUD = 0.951 JPY
Japanese YenCanadian Dollar1 JPY = 0.912 CAD1 CAD = 1.096 JPY
Japanese YenSwiss Franc1 JPY = 1.018 CHF1 CHF = 0.983 JPY
Pound SterlingAustralian Dollar1 GBP = 2.349 AUD1 AUD = 0.426 GBP
Pound SterlingCanadian Dollar1 GBP = 2.038 CAD1 CAD = 0.491 GBP
Pound SterlingSwiss Franc1 GBP = 2.272 CHF1 CHF = 0.440 GBP
Australian DollarCanadian Dollar1 AUD = 0.867 CAD1 CAD = 1.154 AUD
Australian DollarSwiss Franc1 AUD = 0.967 CHF1 CHF = 1.034 AUD
Canadian DollarSwiss Franc1 CAD = 1.115 CHF1 CHF = 0.897 CAD

See what else happened on November 23rd, 2007