Financial news on November 23, 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

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 22.86 23.18 22.76 22.98 38.6M
Intel INTC 24.78 25.10 24.55 25.07 36.6M
Microsoft MSFT 34.36 34.44 33.71 34.11 33.5M
General Electric GE 37.16 37.87 37.16 37.67 23.5M
Cisco Systems CSCO 28.44 28.78 28.14 28.69 22.1M
Apple AAPL 172.00 172.05 169.75 171.54 16.6M
Wal-Mart Stores WMT 45.23 46.25 44.87 45.73 13.6M
Wells Fargo & Co. WFC 30.48 31.14 30.26 30.84 12.3M
AT&T Inc. T 37.62 37.91 37.38 37.63 11.9M
Oracle Corp. ORCL 20.24 20.43 20.06 20.31 11.2M
JPMorgan Chase JPM 41.50 42.20 40.96 41.95 10.8M
Comcast CMCSA 19.37 19.54 19.16 19.54 10.1M
Home Depot HD 28.18 29.01 28.06 28.95 9.79M
ExxonMobil XOM 87.05 88.43 86.91 88.29 8.87M
Altria MO 72.74 73.38 72.60 72.97 7.65M
Bristol-Myers Squibb BMY 27.77 28.23 27.75 28.08 7.38M
Merck MRK 56.78 57.89 56.78 57.66 6.72M
ConocoPhillips COP 78.18 79.35 77.95 79.12 6.55M
Johnson & Johnson JNJ 67.40 67.40 66.17 66.88 5.96M
Alphabet GOOGL 670.00 678.28 668.11 676.70 5.47M
Coca-Cola KO 62.30 62.75 61.92 62.30 4.72M
McDonald's MCD 57.60 58.00 57.30 57.72 4.69M
HP Inc. HPQ 49.44 49.48 48.90 49.17 4.66M
Verizon Communications VZ 42.10 42.71 42.03 42.64 4.61M
Procter & Gamble PG 72.88 72.92 72.30 72.86 4.59M
Abbott Laboratories ABT 55.20 55.50 54.73 55.49 4.33M
Walt Disney & Co. DIS 31.65 31.90 31.49 31.84 3.55M
Chevron CVX 86.46 87.06 85.86 86.67 3.43M
Boeing BA 88.50 89.66 88.07 89.54 3.32M
Amgen AMGN 52.93 53.80 52.92 53.76 3.1M
Schlumberger SLB 92.20 94.58 91.40 94.11 3.03M
UnitedHealth Group UNH 53.66 54.15 53.65 54.07 2.96M
International Business Machines IBM 103.10 104.14 102.32 104.05 2.83M
Amazon AMZN 80.11 81.45 78.98 81.43 2.78M
Pepsico PEP 75.69 75.69 74.76 75.51 2.28M
3M MMM 81.83 82.75 81.06 82.75 1.73M
Gilead Sciences GILD 43.11 43.46 42.83 43.32 1.55M
United Technologies UTX 73.12 73.53 72.80 73.46 1.47M
Union Pacific UNP 124.40 125.49 123.48 124.68 969K
Berkshire Hathaway BRK.B 4462.00 4482.00 4462.00 4475.00 10.5K
Exchange Rates of November 23, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 108.260 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.988 CAD 1 CAD = 1.012 USD
US Dollar Swiss Franc 1 USD = 1.102 CHF 1 CHF = 0.907 USD
US Dollar Chinese Yuan 1 USD = 7.399 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 160.630 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.719 GBP 1 GBP = 1.390 EUR
Euro Australian Dollar 1 EUR = 1.690 AUD 1 AUD = 0.592 EUR
Euro Canadian Dollar 1 EUR = 1.466 CAD 1 CAD = 0.682 EUR
Euro Swiss Franc 1 EUR = 1.635 CHF 1 CHF = 0.612 EUR
Japanese Yen Pound Sterling 1 JPY = 0.448 GBP 1 GBP = 2.235 JPY
Japanese Yen Australian Dollar 1 JPY = 1.051 AUD 1 AUD = 0.951 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.912 CAD 1 CAD = 1.096 JPY
Japanese Yen Swiss Franc 1 JPY = 1.018 CHF 1 CHF = 0.983 JPY
Pound Sterling Australian Dollar 1 GBP = 2.349 AUD 1 AUD = 0.426 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.038 CAD 1 CAD = 0.491 GBP
Pound Sterling Swiss Franc 1 GBP = 2.272 CHF 1 CHF = 0.440 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.867 CAD 1 CAD = 1.154 AUD
Australian Dollar Swiss Franc 1 AUD = 0.967 CHF 1 CHF = 1.034 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.115 CHF 1 CHF = 0.897 CAD

See what else happened on November 23, 2007