Financial news on November 29, 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

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 29, 2007
CurrenciesExchange 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 29, 2007