Financial news on November 30, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 33.92 34.12 33.19 33.60 71M
Cisco Systems CSCO 28.40 28.41 27.68 28.02 65.6M
Intel INTC 26.66 26.66 25.72 26.08 65.6M
General Electric GE 38.67 38.67 37.65 38.29 54.2M
Wells Fargo & Co. WFC 32.25 34.00 31.23 32.43 51.6M
Oracle Corp. ORCL 20.78 20.78 19.78 20.18 48M
Pfizer PFE 23.72 23.97 23.62 23.76 44.2M
Apple AAPL 187.34 187.70 179.70 182.22 42.4M
JPMorgan Chase JPM 45.38 46.09 45.01 45.62 40.1M
AT&T Inc. T 38.76 38.76 37.74 38.21 29.5M
ExxonMobil XOM 88.54 89.47 87.81 89.16 28.2M
ConocoPhillips COP 79.27 80.80 78.50 80.04 27.9M
Comcast CMCSA 20.53 21.26 19.98 20.54 26.6M
Abbott Laboratories ABT 58.16 58.17 57.05 57.51 25.2M
Home Depot HD 28.14 29.10 28.12 28.56 24.8M
HP Inc. HPQ 51.56 51.77 50.18 51.16 20.4M
Merck MRK 60.20 60.49 58.95 59.36 18.5M
Johnson & Johnson JNJ 68.54 68.75 67.20 67.74 16.7M
Wal-Mart Stores WMT 47.70 48.23 47.60 47.90 16.4M
Alphabet GOOGL 711.00 711.06 682.11 693.00 15.8M
Altria MO 76.86 77.56 76.15 77.56 14M
Verizon Communications VZ 42.97 43.37 42.78 43.21 13.9M
Procter & Gamble PG 74.32 74.60 73.35 74.00 13.8M
Bristol-Myers Squibb BMY 29.69 29.76 29.39 29.63 13.2M
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
McDonald's MCD 59.00 59.60 58.20 58.47 11.9M
Chevron CVX 87.15 87.77 86.02 87.77 11.7M
Coca-Cola KO 63.10 63.10 61.72 62.10 10.8M
Boeing BA 94.53 94.60 91.72 92.54 10.1M
Amgen AMGN 55.65 56.13 55.22 55.25 9.85M
Schlumberger SLB 93.08 94.17 92.21 93.45 9.76M
Gilead Sciences GILD 46.50 46.92 45.91 46.54 7.89M
Pepsico PEP 76.72 77.18 76.04 77.18 7.29M
Amazon AMZN 90.56 91.08 88.31 90.56 6.88M
UnitedHealth Group UNH 54.95 55.00 54.06 55.00 6.05M
3M MMM 84.44 84.94 82.38 83.26 5.74M
United Technologies UTX 76.17 76.56 74.49 74.77 5.35M
Union Pacific UNP 126.73 128.89 125.46 126.14 2.34M
Berkshire Hathaway BRK.B 4675.00 4698.00 4631.00 4690.00 20.7K
Exchange Rates of November 30, 2007
CurrenciesExchange Rates
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

See what else happened on November 30, 2007