Financial news on November 29th, 2007
Business and Financial news
In contrast to other sovereign wealth funds, China’s state-run investment fund has no immediate plans to take a large stake in any foreign company. Read more..
Credit flowing to American companies is drying up at a pace not seen in decades, intensifying fears of recession. Read more..
Even as Apple mocks the problems of Windows Vista, its own OS X Leopard is causing system crashes and other problems. Read more..
Alitalia, the unprofitable airline that the Italian government is trying to sell, may have no value because labor costs remain too high compared with its peers, Deutsche Bank’s European airline analysts said. The airline, the largest carrier in It... Read more..
The VholdR camcorder from Twenty20 lets you skip the hand-holding by clipping it right onto handlebars, helmets or goggles to record action video as you see it. Read more..
Sanofi-Aventis said that it would make significant payments to collaborate with Regeneron and use its genetically engineered mouse to develop new drugs. Read more..
Genentech’s plan to restrict the availability of Avastin so doctors cannot use it instead of a more expensive medicine for eye disease will cost taxpayers $1 billion to $3 billion a year. Read more..
The head of the F.C.C. has proposed quick adoption of a rule that would prevent Comcast, the nation’s largest cable company, from growing larger. Read more..
Widgets will not turn your vintage Motorola StarTAC into an iPhone, but they will add features and functions that you didn’t think were capable on your phone. Read more..
School districts and local governments in Florida have pulled $8 billion out of a state-run investment pool after learning that the money market fund contained more than $700 million of defaulted debt. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 33.58 | 33.93 | 33.31 | 33.59 | 53.6M |
| Intel | INTC | 26.07 | 26.47 | 26.01 | 26.34 | 43.3M |
| Cisco Systems | CSCO | 27.81 | 28.28 | 27.79 | 28.15 | 42.6M |
| Apple | AAPL | 179.43 | 185.17 | 179.15 | 184.29 | 37.5M |
| General Electric | GE | 38.29 | 38.32 | 37.80 | 38.14 | 35.7M |
| Pfizer | PFE | 23.38 | 23.67 | 23.24 | 23.60 | 35.1M |
| Oracle Corp. | ORCL | 20.48 | 20.69 | 20.31 | 20.48 | 25.1M |
| Wells Fargo & Co. | WFC | 30.59 | 30.79 | 30.05 | 30.54 | 24.4M |
| JPMorgan Chase | JPM | 43.38 | 44.09 | 43.01 | 43.65 | 23.6M |
| AT&T Inc. | T | 37.55 | 38.25 | 37.50 | 38.03 | 23.2M |
| ExxonMobil | XOM | 87.76 | 89.46 | 87.50 | 88.59 | 22.4M |
| Comcast | CMCSA | 19.88 | 20.43 | 19.75 | 20.31 | 21.6M |
| Home Depot | HD | 28.16 | 28.20 | 27.55 | 27.88 | 19.9M |
| ConocoPhillips | COP | 77.91 | 79.25 | 77.73 | 78.82 | 17.7M |
| Altria | MO | 74.14 | 76.15 | 73.99 | 75.98 | 16.5M |
| Abbott Laboratories | ABT | 56.13 | 57.47 | 55.75 | 57.00 | 16.2M |
| Wal-Mart Stores | WMT | 46.88 | 47.85 | 46.76 | 47.54 | 14.8M |
| Bristol-Myers Squibb | BMY | 29.09 | 29.54 | 28.76 | 29.40 | 13.5M |
| Alphabet | GOOGL | 690.75 | 702.79 | 687.77 | 697.00 | 12.4M |
| Merck | MRK | 59.80 | 60.29 | 59.37 | 59.92 | 12.2M |
| Johnson & Johnson | JNJ | 68.00 | 68.66 | 67.56 | 68.40 | 11M |
| HP Inc. | HPQ | 50.39 | 51.50 | 50.35 | 51.05 | 11M |
| Chevron | CVX | 86.02 | 87.33 | 85.61 | 86.56 | 8.84M |
| Verizon Communications | VZ | 42.19 | 42.71 | 42.08 | 42.48 | 8.58M |
| Procter & Gamble | PG | 73.71 | 74.30 | 73.35 | 74.15 | 7.88M |
| International Business Machines | IBM | 106.80 | 107.87 | 106.25 | 107.50 | 7.81M |
| Walt Disney & Co. | DIS | 32.65 | 32.91 | 32.38 | 32.81 | 7.76M |
| Coca-Cola | KO | 62.91 | 63.17 | 62.62 | 62.79 | 7.52M |
| Amgen | AMGN | 54.80 | 55.58 | 54.37 | 55.46 | 7.08M |
| Amazon | AMZN | 89.89 | 91.47 | 88.68 | 89.15 | 6.98M |
| Schlumberger | SLB | 90.52 | 92.98 | 90.51 | 92.16 | 6.89M |
| McDonald's | MCD | 57.67 | 58.40 | 57.57 | 58.35 | 6.5M |
| UnitedHealth Group | UNH | 54.62 | 54.97 | 54.58 | 54.76 | 6.16M |
| Gilead Sciences | GILD | 45.24 | 46.44 | 45.20 | 45.76 | 6.03M |
| Boeing | BA | 93.78 | 94.27 | 92.61 | 93.21 | 4.69M |
| Pepsico | PEP | 77.07 | 77.07 | 76.09 | 76.54 | 4.52M |
| 3M | MMM | 83.08 | 84.10 | 82.97 | 83.61 | 3.23M |
| United Technologies | UTX | 75.75 | 75.92 | 75.19 | 75.44 | 3.19M |
| Union Pacific | UNP | 126.23 | 126.84 | 124.34 | 125.48 | 1.63M |
| Berkshire Hathaway | BRK.B | 4570.00 | 4644.50 | 4570.00 | 4638.00 | 15.2K |
Exchange Rates of November 29th, 2007
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 109.930 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 0.998 CAD | 1 CAD = 1.002 USD |
| US Dollar | Swiss Franc | 1 USD = 1.118 CHF | 1 CHF = 0.895 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.382 CNY | 1 CNY = 0.135 USD |
| Euro | Japanese Yen | 1 EUR = 162.060 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.715 GBP | 1 GBP = 1.398 EUR |
| Euro | Australian Dollar | 1 EUR = 1.672 AUD | 1 AUD = 0.598 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.471 CAD | 1 CAD = 0.680 EUR |
| Euro | Swiss Franc | 1 EUR = 1.648 CHF | 1 CHF = 0.607 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.441 GBP | 1 GBP = 2.268 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.031 AUD | 1 AUD = 0.970 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.908 CAD | 1 CAD = 1.102 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.017 CHF | 1 CHF = 0.983 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.338 AUD | 1 AUD = 0.428 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.057 CAD | 1 CAD = 0.486 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.304 CHF | 1 CHF = 0.434 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.879 CAD | 1 CAD = 1.137 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.985 CHF | 1 CHF = 1.015 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.120 CHF | 1 CHF = 0.893 CAD |
See what else happened on November 29th, 2007