Financial news on November 28, 2007

Business and Financial news
As Rents Go Up, Some Offices Go South

The area stretching north from Canal Street to about 34th Street is attracting a growing number of media, communications and entertainment companies with low rents and large spaces. Read more..

By ALISON GREGOR - The New York Times

Bracing for Home Loan Losses, Wells Fargo to Take Big Charge

The nation’s second-largest mortgage lender said Tuesday that it would take a $1.4 billion fourth-quarter charge for losses it anticipated in connection with home loans. Read more..

By GERALDINE FABRIKANT - The New York Times

How the Job Churn Numbers Are Counted

The numbers on job churning compiled by the Bureau of Labor Statistics are based on a quarterly canvass of work sites across the country. Read more..

By DAVID LEONHARDT - The New York Times

J. Robert Cade, the Inventor of Gatorade, Dies at 80

Dr. Cade mixed water, sugar, salt and cunning dashes of whatever to invent Gatorade, which is now guzzled daily by electrolyte-depleted athletes, post-operative patients and the simply thirsty. Read more..

By DOUGLAS MARTIN - The New York Times

New Method for Making Diesel Fuel Uses Vegetable Oils

A Portuguese oil company, Galp Energia, plans to announce that it is building a 6,500-barrel-a-day plant to make diesel fuel from vegetable oils using a method akin to refining oil. Read more..

By MATTHEW L. WALD - The New York Times

Oil Producers See the World and Buy It Up

Flush with petrodollars, oil-producing countries have begun a global shopping spree that could increase rapidly. Read more..

By STEVEN R. WEISMAN - The New York Times

Porsche to Wait Until Holidays End to Take Over Volkswagen

Porsche will not move to take over Volkswagen before Dec. 25, but its chief executive refused to say whether Volkswagen would remain an independent carmaker in 2008. Read more..

By MARK LANDLER - The New York Times

Screenwriters and Producers Set 4th Day of Talks

Striking screenwriters and Hollywood producers agreed to extend their renewed contract talks to a fourth day. Read more..

By MICHAEL CIEPLY - The New York Times

South Korean Leader Allows Inquiry Into Samsung Bribes

President Roh Moo-hyun of South Korea agreed to an independent investigation into a scandal that includes accusations that he may have accepted bribes from the Samsung Group. Read more..

By CHOE SANG-HUN - The New York Times

Verizon Plans Wider Options for Cellphone Users

Verizon Wireless plans to give customers more choice in what phones they can use on its network. Read more..

By LAURA M. HOLSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 33.38 33.89 32.90 33.70 88.6M
Cisco Systems CSCO 27.90 28.44 27.80 28.05 71.6M
Intel INTC 25.54 26.31 25.50 26.19 60.1M
Wells Fargo & Co. WFC 30.00 31.64 29.99 30.72 54.7M
General Electric GE 37.65 38.66 37.56 38.46 51.9M
Pfizer PFE 23.10 23.50 22.87 23.44 48.3M
AT&T Inc. T 37.48 37.66 37.07 37.50 41.4M
Apple AAPL 176.82 180.60 175.35 180.22 41.1M
Comcast CMCSA 19.75 20.04 19.64 19.97 34.1M
JPMorgan Chase JPM 42.73 44.13 42.56 43.96 32.2M
ExxonMobil XOM 86.87 88.27 86.01 87.92 29.6M
Wal-Mart Stores WMT 46.08 47.52 46.00 47.23 28.6M
Oracle Corp. ORCL 20.08 20.62 20.01 20.51 28.5M
Home Depot HD 27.30 28.49 27.07 28.27 24.3M
ConocoPhillips COP 76.36 78.08 76.10 77.72 21.1M
Merck MRK 59.26 60.01 58.83 59.96 19.4M
Bristol-Myers Squibb BMY 28.31 29.22 28.14 29.13 18.7M
HP Inc. HPQ 49.17 51.00 48.88 50.73 17M
Altria MO 73.51 74.19 73.51 74.09 16.3M
Alphabet GOOGL 682.11 694.30 672.14 692.26 15.8M
Johnson & Johnson JNJ 67.89 68.48 67.06 68.35 15.2M
Verizon Communications VZ 41.75 42.68 41.29 42.41 14M
Procter & Gamble PG 72.99 74.04 72.52 73.91 13.6M
Abbott Laboratories ABT 55.75 56.50 55.23 56.42 13.6M
Walt Disney & Co. DIS 31.89 32.96 31.67 32.69 12.8M
Coca-Cola KO 62.83 63.22 62.49 62.99 12.7M
Amazon AMZN 87.55 90.57 86.75 90.30 11.4M
McDonald's MCD 57.42 58.20 57.42 57.97 10.9M
Chevron CVX 84.68 86.51 84.08 86.06 10.9M
Amgen AMGN 53.46 54.76 53.13 54.71 9.52M
International Business Machines IBM 104.82 108.27 104.36 107.37 9.4M
Schlumberger SLB 89.70 91.39 89.50 90.63 9.29M
UnitedHealth Group UNH 54.59 54.80 53.66 54.72 8.77M
Gilead Sciences GILD 45.08 45.89 44.54 45.83 7.97M
Boeing BA 92.61 93.83 91.76 93.61 6.94M
Pepsico PEP 76.09 77.41 75.47 77.16 6.73M
United Technologies UTX 74.71 76.26 74.09 75.85 5.75M
3M MMM 82.57 83.80 82.04 83.41 4.38M
Union Pacific UNP 125.10 127.40 125.00 126.89 2.85M
Berkshire Hathaway BRK.B 4574.00 4622.00 4574.00 4575.00 32K
Exchange Rates of November 28, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.030 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.985 CAD 1 CAD = 1.015 USD
US Dollar Swiss Franc 1 USD = 1.111 CHF 1 CHF = 0.900 USD
US Dollar Chinese Yuan 1 USD = 7.395 CNY 1 CNY = 0.135 USD
Euro Japanese Yen 1 EUR = 163.300 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.713 GBP 1 GBP = 1.404 EUR
Euro Australian Dollar 1 EUR = 1.668 AUD 1 AUD = 0.600 EUR
Euro Canadian Dollar 1 EUR = 1.462 CAD 1 CAD = 0.684 EUR
Euro Swiss Franc 1 EUR = 1.649 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.436 GBP 1 GBP = 2.293 JPY
Japanese Yen Australian Dollar 1 JPY = 1.021 AUD 1 AUD = 0.980 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.895 CAD 1 CAD = 1.117 JPY
Japanese Yen Swiss Franc 1 JPY = 1.009 CHF 1 CHF = 0.991 JPY
Pound Sterling Australian Dollar 1 GBP = 2.341 AUD 1 AUD = 0.427 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.052 CAD 1 CAD = 0.487 GBP
Pound Sterling Swiss Franc 1 GBP = 2.313 CHF 1 CHF = 0.432 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.876 CAD 1 CAD = 1.142 AUD
Australian Dollar Swiss Franc 1 AUD = 0.988 CHF 1 CHF = 1.012 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.127 CHF 1 CHF = 0.887 CAD

See what else happened on November 28, 2007