Financial news on November 29th, 2007

Business and Financial news
$200 Billion to Invest, but in China

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..

By KEITH BRADSHER - The New York Times

As Lenders Tighten Flow of Credit, Growth at Risk

Credit flowing to American companies is drying up at a pace not seen in decades, intensifying fears of recession. Read more..

By PETER S. GOODMAN - The New York Times

Don’t Give Up on Leopard (Despite the Bugs)

Even as Apple mocks the problems of Windows Vista, its own OS X Leopard is causing system crashes and other problems. Read more..

By SAUL HANSELL - The New York Times

Italy: Analysts Warn of Alitalia’s Valuation

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..

By BLOOMBERG NEWS - The New York Times

On the Go With a Camcorder That Requires No Hand-Holding

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..

By J. D. BIERSDORFER - The New York Times

Regeneron’s Supermouse Lures Sanofi’s Money

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..

By ANDREW POLLACK - The New York Times

Senator Criticizes Genentech’s Limits on a Cheaper Drug

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..

By BLOOMBERG NEWS - The New York Times

Size Limits for Cable Look Likely

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..

By STEPHEN LABATON - The New York Times

Soup Up Your Cellphone

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..

By KEVIN C. TOFEL - The New York Times

State-Run Florida Fund Hit by Withdrawals

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..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.8128.2827.7928.1542.6M
General ElectricGE38.2938.3237.8038.1435.7M
Oracle Corp.ORCL20.4820.6920.3120.4825.1M
Wells Fargo & Co.WFC30.5930.7930.0530.5424.4M
JPMorgan ChaseJPM43.3844.0943.0143.6523.6M
AT&T Inc.T37.5538.2537.5038.0323.2M
Home DepotHD28.1628.2027.5527.8819.9M
Abbott LaboratoriesABT56.1357.4755.7557.0016.2M
Wal-Mart StoresWMT46.8847.8546.7647.5414.8M
Bristol-Myers SquibbBMY29.0929.5428.7629.4013.5M
Johnson & JohnsonJNJ68.0068.6667.5668.4011M
HP Inc.HPQ50.3951.5050.3551.0511M
Verizon CommunicationsVZ42.1942.7142.0842.488.58M
Procter & GamblePG73.7174.3073.3574.157.88M
International Business MachinesIBM106.80107.87106.25107.507.81M
Walt Disney & Co.DIS32.6532.9132.3832.817.76M
UnitedHealth GroupUNH54.6254.9754.5854.766.16M
Gilead SciencesGILD45.2446.4445.2045.766.03M
United TechnologiesUTX75.7575.9275.1975.443.19M
Union PacificUNP126.23126.84124.34125.481.63M
Berkshire HathawayBRK.B4570.004644.504570.004638.0015.2K
Exchange Rates of November 29th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 109.930 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.998 CAD1 CAD = 1.002 USD
US DollarSwiss Franc1 USD = 1.118 CHF1 CHF = 0.895 USD
US DollarChinese Yuan1 USD = 7.382 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 162.060 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.715 GBP1 GBP = 1.398 EUR
EuroAustralian Dollar1 EUR = 1.672 AUD1 AUD = 0.598 EUR
EuroCanadian Dollar1 EUR = 1.471 CAD1 CAD = 0.680 EUR
EuroSwiss Franc1 EUR = 1.648 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.441 GBP1 GBP = 2.268 JPY
Japanese YenAustralian Dollar1 JPY = 1.031 AUD1 AUD = 0.970 JPY
Japanese YenCanadian Dollar1 JPY = 0.908 CAD1 CAD = 1.102 JPY
Japanese YenSwiss Franc1 JPY = 1.017 CHF1 CHF = 0.983 JPY
Pound SterlingAustralian Dollar1 GBP = 2.338 AUD1 AUD = 0.428 GBP
Pound SterlingCanadian Dollar1 GBP = 2.057 CAD1 CAD = 0.486 GBP
Pound SterlingSwiss Franc1 GBP = 2.304 CHF1 CHF = 0.434 GBP
Australian DollarCanadian Dollar1 AUD = 0.879 CAD1 CAD = 1.137 AUD
Australian DollarSwiss Franc1 AUD = 0.985 CHF1 CHF = 1.015 AUD
Canadian DollarSwiss Franc1 CAD = 1.120 CHF1 CHF = 0.893 CAD

See what else happened on November 29th, 2007