Financial news on September 5th, 2007

Business and Financial news
Apple Event: Do-It-Yourself Ringtones for $1.98 Each

Steve Jobs first announcment: iPhone ringtones. Read more..

By DAMON DARLIN - The New York Times

Apple Reactions: The Future of Wireless Audio and Video

The iPhone Touch may represent the future of media use: audio and video that can be played both from local storage and from a vast server with everything. Read more..

By SAUL HANSELL - The New York Times

Chicago Ad Firm Gets Porsche Account

Porsche Cars North America awarded its estimated $40 million account to Cramer-Krasselt, which has never before handled a national automotive assignment. Read more..

By STUART ELLIOTT - The New York Times

For Airlines, Hands-On Air Traffic Control

Some airlines have taken the initiative to use satellite navigation and other tools to help smooth out an air traffic system that is plagued by delays. Read more..

By MATTHEW L. WALD - The New York Times

G.M. Cuts Production for Quarter

General Motors cut its fourth-quarter production schedule by 10 percent as a tightening credit market caused sales at other major automakers to decline in August. Read more..

By NICK BUNKLEY - The New York Times

NBC in Deal With Amazon to Sell Shows on the Web

Amazon has agreed to give NBC Universal something that Apple would not: greater flexibility in the pricing and packaging of video downloads. Read more..

By BROOKS BARNES - The New York Times

Panel Rejects Microsoft’s Open Format

A panel of software experts unexpectedly rebuffed Microsoft’s bid to have its open document format, Office Open XML, recognized as an international standard. Read more..

By KEVIN J. O'BRIEN - The New York Times

Time Inc. to Close Business 2.0

The magazine, which has been suffering from a decline in advertising revenue, will cease publication after its October issue. Read more..

By BRAD STONE - The New York Times

Where Office Prices and Rents Are Not in Sync

In San Francisco, a real estate buying frenzy has fizzled out in the aftermath of the credit crisis, which has halted most major office building sales. Read more..

By MORRIS NEWMAN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32.1032.2931.9232.2253.4M
Home DepotHD36.2836.5633.0136.5145.1M
General ElectricGE38.7738.9738.4538.7537.5M
Wal-Mart StoresWMT43.2243.2242.3542.4530.8M
Oracle Corp.ORCL20.4920.8520.4620.7330.5M
AT&T Inc.T40.1040.1039.3239.7321.3M
HP Inc.HPQ49.7550.1549.6050.1016.6M
JPMorgan ChaseJPM44.8344.9744.0744.1715.6M
Wells Fargo & Co.WFC36.0136.3635.2535.8913.9M
Verizon CommunicationsVZ42.5742.5741.5941.9513.7M
Johnson & JohnsonJNJ61.8561.9761.4561.6511.3M
Walt Disney & Co.DIS33.8434.1033.7434.0410.6M
Bristol-Myers SquibbBMY28.8929.1428.5528.859.55M
Procter & GamblePG65.3865.6564.9365.468.98M
Abbott LaboratoriesABT51.2551.8551.1551.728.82M
Gilead SciencesGILD37.0737.4236.1536.478.41M
International Business MachinesIBM117.48118.15116.55117.886.56M
UnitedHealth GroupUNH49.8650.0049.1449.296.18M
United TechnologiesUTX73.9074.4573.1173.454.52M
Union PacificUNP111.52111.77108.41109.132.91M
Berkshire HathawayBRK.B3965.003986.003954.003979.007.1K
Exchange Rates of September 5th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.080 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.054 CAD1 CAD = 0.949 USD
US DollarSwiss Franc1 USD = 1.204 CHF1 CHF = 0.830 USD
US DollarChinese Yuan1 USD = 7.551 CNY1 CNY = 0.132 USD
EuroJapanese Yen1 EUR = 157.100 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.676 GBP1 GBP = 1.480 EUR
EuroAustralian Dollar1 EUR = 1.660 AUD1 AUD = 0.602 EUR
EuroCanadian Dollar1 EUR = 1.438 CAD1 CAD = 0.695 EUR
EuroSwiss Franc1 EUR = 1.644 CHF1 CHF = 0.608 EUR
Japanese YenPound Sterling1 JPY = 0.430 GBP1 GBP = 2.327 JPY
Japanese YenAustralian Dollar1 JPY = 1.056 AUD1 AUD = 0.947 JPY
Japanese YenCanadian Dollar1 JPY = 0.915 CAD1 CAD = 1.093 JPY
Japanese YenSwiss Franc1 JPY = 1.046 CHF1 CHF = 0.956 JPY
Pound SterlingAustralian Dollar1 GBP = 2.458 AUD1 AUD = 0.407 GBP
Pound SterlingCanadian Dollar1 GBP = 2.129 CAD1 CAD = 0.470 GBP
Pound SterlingSwiss Franc1 GBP = 2.432 CHF1 CHF = 0.411 GBP
Australian DollarCanadian Dollar1 AUD = 0.866 CAD1 CAD = 1.155 AUD
Australian DollarSwiss Franc1 AUD = 0.989 CHF1 CHF = 1.011 AUD
Canadian DollarSwiss Franc1 CAD = 1.142 CHF1 CHF = 0.875 CAD

See what else happened on September 5th, 2007