Financial news on November 30, 2007
Business and Financial news
A Facebook vice president addresses the company’s privacy dustup, and outlines a few changes to its controversial Beacon program. Read more..
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..
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..
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..
Medicare spends billions of dollars each year on products and services that are available at far lower prices. Read more..
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..
Motorola said Edward J. Zander would be succeeded by Greg Brown, the company’s chief operating officer. Read more..
A new report says the country is brimming with opportunities to reduce carbon dioxide emissions, while saving money at the same time. Read more..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||32.25||34.00||31.23||32.43||51.6M|
|Johnson & Johnson||JNJ||68.54||68.75||67.20||67.74||16.7M|
|Procter & Gamble||PG||74.32||74.60||73.35||74.00||13.8M|
|International Business Machines||IBM||107.53||109.19||103.93||105.18||12.9M|
|Walt Disney & Co.||DIS||33.25||33.49||32.93||33.15||12M|
Exchange Rates of November 30, 2007
|US Dollar||Japanese Yen||1 USD = 111.200 JPY||1 JPY = 0.009 USD|
|US Dollar||Canadian Dollar||1 USD = 0.999 CAD||1 CAD = 1.002 USD|
|US Dollar||Swiss Franc||1 USD = 1.132 CHF||1 CHF = 0.884 USD|
|US Dollar||Chinese Yuan||1 USD = 7.398 CNY||1 CNY = 0.135 USD|
|Euro||Japanese Yen||1 EUR = 162.730 JPY||1 JPY = 0.006 EUR|
|Euro||Pound Sterling||1 EUR = 0.711 GBP||1 GBP = 1.406 EUR|
|Euro||Australian Dollar||1 EUR = 1.655 AUD||1 AUD = 0.604 EUR|
|Euro||Canadian Dollar||1 EUR = 1.461 CAD||1 CAD = 0.684 EUR|
|Euro||Swiss Franc||1 EUR = 1.656 CHF||1 CHF = 0.604 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.437 GBP||1 GBP = 2.289 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.016 AUD||1 AUD = 0.984 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0.898 CAD||1 CAD = 1.114 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.018 CHF||1 CHF = 0.983 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2.326 AUD||1 AUD = 0.430 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.054 CAD||1 CAD = 0.487 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.327 CHF||1 CHF = 0.430 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.882 CAD||1 CAD = 1.133 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 1.000 CHF||1 CHF = 1.000 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.133 CHF||1 CHF = 0.883 CAD|