Financial news on September 06, 2007

Business and Financial news
A Citigroup Investment Chief Is Shutting a Hedge Fund

Citigroup Alternative Investments is shutting down its Tribeca Capital Management hedge fund as its new leader, Vikram S. Pandit, puts his stamp on the long-overlooked division. Read more..

By ERIC DASH - The New York Times

Apple Cuts iPhone Price Ahead of Holidays

Apple also introduced a new digital music player modeled after the iPhone and announced a wireless music distribution deal with Starbucks. Read more..

By JOHN MARKOFF - The New York Times

Big Gifts, Tax Breaks and a Debate on Charity

Some ask if the public benefits of philanthropy are worth the tax breaks that givers receive. Read more..

By STEPHANIE STROM - The New York Times

Financier Sentenced to Prison for Not Paying Federal Taxes for 29 Years

Richard Josephberg was sentenced on Wednesday to 50 months in prison for tax crimes, including the first criminal conviction for not paying the nanny tax. Read more..

By DAVID CAY JOHNSTON - The New York Times

Finland: Write-Down at Paper Maker

Stora Enso, the world’s largest paper maker, left, wrote down the value of its assets by $1.36 billion because of higher wood costs and a deteriorating outlook for magazine papers. Read more..

By BLOOMBERG NEWS - The New York Times

New Concerns in Europe About Credit Fallout

The European Central Bank said volatility appeared to be returning after a period of stability, and the O.E.C.D. warned of “ominous” risks to the global economic outlook. Read more..

By JAMES KANTER - The New York Times

Testimony Counters Private-Equity Tax Claims

Pension fund and tax specialists said a proposal to increase taxes on executives at private equity firms and hedge funds would have a negligible effect on pension fund returns. Read more..

By STEPHEN LABATON and JENNY ANDERSON - The New York Times

The Blundits Don’t Vudu. Do You?

Vudu launches the movie box that an army of blogger pundits have already declared a failure. But the device may feed into frustrations with the cable co’s set top box. Read more..

By BRAD STONE - The New York Times

The Power of Unpleasant Memories

A new marketing strategy for a BMW Performance Driving School adopts a sense of humor and tries to remind us of the hapless but well-meaning instructors of our past. Read more..

By STUART ELLIOTT - The New York Times

Tip of the Week: Mobile-Friendly Web Sites

How to find Web sites that offer slimmed-down versions of images for mobile devices. Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Apple AAPL 135.57 137.57 132.71 135.01 67.9M
Intel INTC 26.06 26.23 25.88 26.15 49.6M
Cisco Systems CSCO 32.40 32.44 31.73 31.84 45.7M
Microsoft MSFT 28.60 29.01 28.55 28.91 45.4M
General Electric GE 38.81 39.45 38.51 39.40 39.4M
Home Depot HD 36.36 36.77 35.22 35.22 36.3M
Pfizer PFE 24.80 24.84 24.52 24.62 30.6M
Wal-Mart Stores WMT 43.50 43.60 42.65 42.76 29.4M
Oracle Corp. ORCL 20.72 20.74 20.33 20.54 26.4M
AT&T Inc. T 39.85 40.09 39.43 39.74 25.3M
ExxonMobil XOM 87.67 88.24 87.02 87.49 20.8M
JPMorgan Chase JPM 44.24 44.55 43.83 44.21 19M
Wells Fargo & Co. WFC 35.85 36.00 35.17 35.65 15.2M
ConocoPhillips COP 82.75 83.90 82.58 83.63 12.8M
HP Inc. HPQ 50.15 50.42 49.84 50.19 12.4M
Merck MRK 49.40 50.67 49.30 50.47 12.4M
Abbott Laboratories ABT 51.95 53.05 51.70 52.90 11.5M
Schlumberger SLB 100.07 100.48 96.89 97.61 11.3M
Procter & Gamble PG 65.14 66.28 65.09 66.11 11.1M
Amgen AMGN 52.65 52.79 51.80 52.01 10.9M
Coca-Cola KO 53.55 55.04 53.20 54.66 9.5M
Amazon AMZN 84.50 86.46 82.85 86.21 8.83M
Verizon Communications VZ 42.10 42.50 41.93 42.26 8.65M
Bristol-Myers Squibb BMY 28.55 28.94 28.30 28.67 8.32M
Chevron CVX 88.48 89.33 88.11 88.93 8.15M
Walt Disney & Co. DIS 34.22 34.48 33.87 34.41 8.15M
Altria MO 68.84 68.99 67.85 68.27 8.03M
Johnson & Johnson JNJ 61.70 61.90 61.61 61.66 7.72M
Gilead Sciences GILD 36.67 38.08 36.53 37.59 7.32M
Alphabet GOOGL 529.36 529.83 518.24 523.52 7.24M
Comcast CMCSA 25.94 25.95 25.54 25.67 6.82M
International Business Machines IBM 117.92 118.75 116.24 117.62 6.78M
Boeing BA 95.54 96.24 94.50 96.20 6.66M
McDonald's MCD 49.20 49.87 48.81 49.76 5.87M
Pepsico PEP 67.64 69.05 67.32 68.56 4.79M
UnitedHealth Group UNH 49.03 49.72 49.03 49.60 4.17M
United Technologies UTX 73.74 75.11 73.45 75.01 3.68M
3M MMM 90.26 91.04 90.08 90.63 2.64M
Union Pacific UNP 109.33 109.88 107.77 109.28 1.72M
Berkshire Hathaway BRK.B 3985.00 4000.00 3970.00 3999.50 9.3K
Exchange Rates of September 06, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 115.400 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.051 CAD 1 CAD = 0.951 USD
US Dollar Swiss Franc 1 USD = 1.201 CHF 1 CHF = 0.833 USD
US Dollar Chinese Yuan 1 USD = 7.539 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 158.000 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.676 GBP 1 GBP = 1.478 EUR
Euro Australian Dollar 1 EUR = 1.652 AUD 1 AUD = 0.606 EUR
Euro Canadian Dollar 1 EUR = 1.439 CAD 1 CAD = 0.695 EUR
Euro Swiss Franc 1 EUR = 1.644 CHF 1 CHF = 0.608 EUR
Japanese Yen Pound Sterling 1 JPY = 0.428 GBP 1 GBP = 2.337 JPY
Japanese Yen Australian Dollar 1 JPY = 1.045 AUD 1 AUD = 0.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.911 CAD 1 CAD = 1.098 JPY
Japanese Yen Swiss Franc 1 JPY = 1.040 CHF 1 CHF = 0.961 JPY
Pound Sterling Australian Dollar 1 GBP = 2.442 AUD 1 AUD = 0.410 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.128 CAD 1 CAD = 0.470 GBP
Pound Sterling Swiss Franc 1 GBP = 2.429 CHF 1 CHF = 0.412 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.871 CAD 1 CAD = 1.148 AUD
Australian Dollar Swiss Franc 1 AUD = 0.995 CHF 1 CHF = 1.005 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.142 CHF 1 CHF = 0.876 CAD

See what else happened on September 06, 2007