Financial news on December 27th, 2007

Business and Financial news
Bigger Stake in Pharmion

The investor Steven A. Cohen reported Wednesday that he had increased his stake in the Pharmion Corporation, a pharmaceutical company based in Boulder, Colo., to 7.1 percent, from 5.1 percent. Read more..

By DOW JONES - The New York Times

China Offers Production Guidelines for Seafood

The government said the standards would cover everything from breeding fish and seafood products to disease prevention and drug controls. Read more..

By DAVID BARBOZA - The New York Times

China to Levy Tariffs on Some Exported Steel Products

China said it would introduce export tariffs and increase rates on other items to rein in a record trade surplus and cut energy consumption and pollution. Read more..

By BLOOMBERG NEWS - The New York Times

Macro Photography, Microscopic Details

With an add-on or two, digital cameras make it easier to capture close-up shots. Read more..

By IAN AUSTEN - The New York Times

More NetSuite Sold

The software maker NetSuite and its investors sold an additional 930,000 shares. The stock, which had risen 49 percent since going public Dec. 20, fell back 6.6 percent. Read more..

By BLOOMBERG NEWS - The New York Times

Tip of the Week: Increasing the Speed of a Vista-Operated PC

If you have a spare U.S.B. flash drive you can use it to give your Windows Vista-operated PC an extra cache of memory to help increase speed. Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.1628.3827.6827.7946.6M
Oracle Corp.ORCL23.0523.3122.9123.0434.1M
General ElectricGE37.4437.5437.1137.1923.4M
AT&T Inc.T42.1042.5041.8942.0218.6M
Wells Fargo & Co.WFC30.8230.8930.2130.3018M
JPMorgan ChaseJPM44.5244.7043.5143.6416.5M
Home DepotHD26.9126.9826.7126.7713.4M
Wal-Mart StoresWMT48.0048.3047.6247.7710.8M
Bristol-Myers SquibbBMY27.8328.0227.3427.399.72M
Verizon CommunicationsVZ45.0045.1044.3644.388.47M
HP Inc.HPQ52.1552.6351.5151.618.04M
Abbott LaboratoriesABT57.5857.9256.9356.987.76M
Johnson & JohnsonJNJ67.4567.9867.0167.337.62M
Procter & GamblePG73.9174.2673.6273.896.9M
Walt Disney & Co.DIS32.6432.9032.3432.436.7M
UnitedHealth GroupUNH58.2059.4458.2058.364.67M
International Business MachinesIBM110.75111.30109.49109.604.51M
Gilead SciencesGILD46.8747.2546.2746.312.51M
United TechnologiesUTX77.8278.2076.5376.842.37M
Union PacificUNP128.30128.85127.10127.301.38M
Berkshire HathawayBRK.B4608.004609.004558.004573.0012.6K
Exchange Rates of December 27th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113.690 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.980 CAD1 CAD = 1.020 USD
US DollarSwiss Franc1 USD = 1.139 CHF1 CHF = 0.878 USD
US DollarChinese Yuan1 USD = 7.318 CNY1 CNY = 0.137 USD
EuroJapanese Yen1 EUR = 166.310 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.733 GBP1 GBP = 1.365 EUR
EuroAustralian Dollar1 EUR = 1.665 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.434 CAD1 CAD = 0.697 EUR
EuroSwiss Franc1 EUR = 1.666 CHF1 CHF = 0.600 EUR
Japanese YenPound Sterling1 JPY = 0.440 GBP1 GBP = 2.271 JPY
Japanese YenAustralian Dollar1 JPY = 1.001 AUD1 AUD = 0.999 JPY
Japanese YenCanadian Dollar1 JPY = 0.862 CAD1 CAD = 1.160 JPY
Japanese YenSwiss Franc1 JPY = 1.001 CHF1 CHF = 0.999 JPY
Pound SterlingAustralian Dollar1 GBP = 2.273 AUD1 AUD = 0.440 GBP
Pound SterlingCanadian Dollar1 GBP = 1.957 CAD1 CAD = 0.511 GBP
Pound SterlingSwiss Franc1 GBP = 2.273 CHF1 CHF = 0.440 GBP
Australian DollarCanadian Dollar1 AUD = 0.861 CAD1 CAD = 1.162 AUD
Australian DollarSwiss Franc1 AUD = 1.000 CHF1 CHF = 1.000 AUD
Canadian DollarSwiss Franc1 CAD = 1.161 CHF1 CHF = 0.861 CAD

See what else happened on December 27th, 2007