Financial news on December 31st, 2007

Business and Financial news
A Guide to Embracing Life as a Single (Without the Resignation, That Is)

Unlike dating sites that treat being single as a predicament, this one celebrates flying solo. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Global Market for Cellphone Ring Tones Is Shrinking

After years of double-digit growth rates, the global ring tone market appears to have come to the end of its crescendo. Read more..

By VICTORIA SHANNON - The New York Times

In His Own Magazine, an Editor Puts Himself Into an Elite Group

Talk about prestigious bylines: one new publication includes Thucydides, Shakespeare, Tolstoy, Osama bin Laden, Pope Urban II, Lenin ... and Lewis H. Lapham. Read more..

By SARA IVRY - The New York Times

In the DVD War Over High Definition, Most Buyers Are Sitting It Out

Even as prices fall, neither Sony’s Blu-ray nor Toshiba’s HD DVD, has gained an advantage. Read more..

By ERIC A. TAUB - The New York Times

Macs, PCs and Music Downloads

Macintosh owners are far more likely than PC owners to have recently paid for a music download. Read more..

By ALEX MINDLIN - The New York Times

Markets End Lower to End the Year

Even an uptick in sales of existing homes, gave no apparent lift to stocks as traders closed the books on a year that many were happy to put behind them. Read more..

By VIKAS BAJAJ - The New York Times

Most Networks Scrambled to Get People to Pakistan After Killing

The significant time lag between Benazir Bhutto’s death and the arrival of Western correspondents forced the networks to hustle and improvise. Read more..

By BRIAN STELTER - The New York Times

Two British Mobile Phone Operators Share Networks

T-Mobile UK and 3 UK are combining their third-generation networks to save money. Read more..

By ERIC SYLVERS - The New York Times

Wall St. Way: Smart People Seeking Dumb Money

Investors, looking for gold in hedge funds, have found dross. Read more..

By ERIC DASH - The New York Times

With Wii and DS, Nintendo Has 2 Hit Game Devices

While shoppers are still lining up to buy Nintendo’s Wii, its older portable sibling, the Nintendo DS, is the best-selling game machine in the United States. Read more..

By ERIC A. TAUB - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO27.2527.5027.0027.0760.7M
General ElectricGE37.0837.3036.9637.0724.1M
Oracle Corp.ORCL22.6922.9622.5022.5820M
Home DepotHD26.3227.1826.2626.9416.7M
JPMorgan ChaseJPM43.1344.1442.7943.6516.4M
AT&T Inc.T42.1242.3941.4541.5615.3M
Wells Fargo & Co.WFC29.8830.5729.7530.1912.9M
Wal-Mart StoresWMT47.7648.0847.3347.5312.2M
Bristol-Myers SquibbBMY27.0727.2426.5226.5211.5M
Abbott LaboratoriesABT56.8257.1056.0156.1510.4M
Verizon CommunicationsVZ44.3444.5043.6443.699.63M
HP Inc.HPQ51.2951.3050.4050.488.57M
Johnson & JohnsonJNJ67.2967.3366.5566.708.52M
Procter & GamblePG74.2574.2673.2373.428M
International Business MachinesIBM109.25110.00107.26108.105.73M
Walt Disney & Co.DIS32.4232.5232.2432.285.45M
UnitedHealth GroupUNH58.2158.5757.8758.203.39M
Gilead SciencesGILD46.0146.8445.6546.013.17M
United TechnologiesUTX76.7777.1476.2776.542.47M
Union PacificUNP127.00127.39125.50125.621.19M
Berkshire HathawayBRK.B4775.004798.004713.004736.0021K
Exchange Rates of December 31st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 111.660 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.998 CAD1 CAD = 1.002 USD
US DollarSwiss Franc1 USD = 1.133 CHF1 CHF = 0.882 USD
US DollarChinese Yuan1 USD = 7.304 CNY1 CNY = 0.137 USD
EuroJapanese Yen1 EUR = 162.930 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.735 GBP1 GBP = 1.361 EUR
EuroAustralian Dollar1 EUR = 1.667 AUD1 AUD = 0.600 EUR
EuroCanadian Dollar1 EUR = 1.456 CAD1 CAD = 0.687 EUR
EuroSwiss Franc1 EUR = 1.654 CHF1 CHF = 0.605 EUR
Japanese YenPound Sterling1 JPY = 0.451 GBP1 GBP = 2.218 JPY
Japanese YenAustralian Dollar1 JPY = 1.023 AUD1 AUD = 0.978 JPY
Japanese YenCanadian Dollar1 JPY = 0.893 CAD1 CAD = 1.119 JPY
Japanese YenSwiss Franc1 JPY = 1.015 CHF1 CHF = 0.985 JPY
Pound SterlingAustralian Dollar1 GBP = 2.268 AUD1 AUD = 0.441 GBP
Pound SterlingCanadian Dollar1 GBP = 1.982 CAD1 CAD = 0.505 GBP
Pound SterlingSwiss Franc1 GBP = 2.250 CHF1 CHF = 0.445 GBP
Australian DollarCanadian Dollar1 AUD = 0.873 CAD1 CAD = 1.145 AUD
Australian DollarSwiss Franc1 AUD = 0.992 CHF1 CHF = 1.009 AUD
Canadian DollarSwiss Franc1 CAD = 1.135 CHF1 CHF = 0.881 CAD

See what else happened on December 31st, 2007