Financial news on November 30th, 2007

Business and Financial news
Facebook Executive Discusses Beacon Brouhaha

A Facebook vice president addresses the company’s privacy dustup, and outlines a few changes to its controversial Beacon program. Read more..

By BRAD STONE - The New York Times

Fed Chief Offers New Hint on a Rate Cut

Ben S. Bernanke said a “fresh wave of investor concern” led to tougher credit conditions, reinforcing views that the Fed will cut interest rates at its next meeting. Read more..

By EDMUND L. ANDREWS - The New York Times

Hedge Fund to Nominate Four for Brink’s Board

Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink’s Company, is expected to announce its four nominees for directors of the security company. Read more..

By MICHAEL J. de la MERCED - The New York Times

Is the Exaflood Coming?

A new study says we may be facing an “exaflood” of higher demand for broadbaand. The telecom industry is behind the study, which doesn’t mean it is wrong. But a prominent researcher who called the telecom bubble in 1998 says it isn’t as bad as some people want you to think it will be. Read more..

By STEVE LOHR - The New York Times

Oxygen Suppliers Fight to Keep a Medicare Boon

Medicare spends billions of dollars each year on products and services that are available at far lower prices. Read more..

By CHARLES DUHIGG - The New York Times

Producer of Poisonous Toy Beads Issues Apology

The chairman of the Hong Kong company that manufactured millions of the toy beads said the firm had not considered the possibility that the chemicals in the beads might be poisonous. Read more..

By KEITH BRADSHER - The New York Times

Slumping Motorola Replaces Its Chief

Motorola said Edward J. Zander would be succeeded by Greg Brown, the company’s chief operating officer. Read more..

By LAURIE J. FLYNN - The New York Times

Study Details How U.S. Could Cut 28% of Greenhouse Gases

A new report says the country is brimming with opportunities to reduce carbon dioxide emissions, while saving money at the same time. Read more..

By MATTHEW L. WALD - The New York Times

The Back of Henry Blodget’s Envelope

Microsoft’s MSN division is worth $10 billion, Henry Blodget calculates. That’s not enough to trade for much of Yahoo, but giving up control may be the best bet for Microsoft. Read more..

By SAUL HANSELL - The New York Times

Verizon’s Real Move to Openness

Verizon Wireless said today it will use a technical standard known as LTE for its next generation network. Since that standard is being adopted by most of the world, and by AT&T in the United States, Verizon’s move will spur competition and give customers more choices for phones. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO28.4028.4127.6828.0265.6M
General ElectricGE38.6738.6737.6538.2954.2M
Wells Fargo & Co.WFC32.2534.0031.2332.4351.6M
Oracle Corp.ORCL20.7820.7819.7820.1848M
JPMorgan ChaseJPM45.3846.0945.0145.6240.1M
AT&T Inc.T38.7638.7637.7438.2129.5M
Abbott LaboratoriesABT58.1658.1757.0557.5125.2M
Home DepotHD28.1429.1028.1228.5624.8M
HP Inc.HPQ51.5651.7750.1851.1620.4M
Johnson & JohnsonJNJ68.5468.7567.2067.7416.7M
Wal-Mart StoresWMT47.7048.2347.6047.9016.4M
Verizon CommunicationsVZ42.9743.3742.7843.2113.9M
Procter & GamblePG74.3274.6073.3574.0013.8M
Bristol-Myers SquibbBMY29.6929.7629.3929.6313.2M
International Business MachinesIBM107.53109.19103.93105.1812.9M
Walt Disney & Co.DIS33.2533.4932.9333.1512M
Gilead SciencesGILD46.5046.9245.9146.547.89M
UnitedHealth GroupUNH54.9555.0054.0655.006.05M
United TechnologiesUTX76.1776.5674.4974.775.35M
Union PacificUNP126.73128.89125.46126.142.34M
Berkshire HathawayBRK.B4675.004698.004631.004690.0020.7K
Exchange Rates of November 30th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111.200 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.999 CAD1 CAD = 1.002 USD
US DollarSwiss Franc1 USD = 1.132 CHF1 CHF = 0.884 USD
US DollarChinese Yuan1 USD = 7.398 CNY1 CNY = 0.135 USD
EuroJapanese Yen1 EUR = 162.730 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.711 GBP1 GBP = 1.406 EUR
EuroAustralian Dollar1 EUR = 1.655 AUD1 AUD = 0.604 EUR
EuroCanadian Dollar1 EUR = 1.461 CAD1 CAD = 0.684 EUR
EuroSwiss Franc1 EUR = 1.656 CHF1 CHF = 0.604 EUR
Japanese YenPound Sterling1 JPY = 0.437 GBP1 GBP = 2.289 JPY
Japanese YenAustralian Dollar1 JPY = 1.016 AUD1 AUD = 0.984 JPY
Japanese YenCanadian Dollar1 JPY = 0.898 CAD1 CAD = 1.114 JPY
Japanese YenSwiss Franc1 JPY = 1.018 CHF1 CHF = 0.983 JPY
Pound SterlingAustralian Dollar1 GBP = 2.326 AUD1 AUD = 0.430 GBP
Pound SterlingCanadian Dollar1 GBP = 2.054 CAD1 CAD = 0.487 GBP
Pound SterlingSwiss Franc1 GBP = 2.327 CHF1 CHF = 0.430 GBP
Australian DollarCanadian Dollar1 AUD = 0.882 CAD1 CAD = 1.133 AUD
Australian DollarSwiss Franc1 AUD = 1.000 CHF1 CHF = 1.000 AUD
Canadian DollarSwiss Franc1 CAD = 1.133 CHF1 CHF = 0.883 CAD

See what else happened on November 30th, 2007