Financial news on September 07, 2007

Business and Financial news
As Housing Market Cools, Far Fewer Become Agents

When the housing market was booming, many rushed in to the residential real estate business. Now a growing number of agents are looking for other employment. Read more..

By KATIE HAFNER - The New York Times

China: Banks Told to Raise Reserves

China ordered banks to put aside more money as reserves for the seventh time this year to cool lending and investment after inflation accelerated to a 10-year high. Read more..

By BLOOMBERG NEWS - The New York Times

Fluorescents Are So Over

The home will be the last major frontier in solid state lighting’s conquest of incandescent light. Read more..

By BARNABY J. FEDER - The New York Times

Germany: Manufacturing Orders Fall

German manufacturing orders dropped the most in at least 16 years in July after a decline in sales of ships, trains and airplanes. Read more..

By BLOOMBERG NEWS - The New York Times

IPhone Owners Crying Foul Over Price Cut

On Thursday, Apple C.E.O. Steven P. Jobs acknowledged that the company had abused its core customers’ trust and extended a $100 store credit to the early iPhone buyers. Read more..

By KATIE HAFNER and BRAD STONE - The New York Times

Retail Sales Rise, but Data May Mask Troubles

The back-to-school shopping season was not a disaster, but the respectable, if lackluster performance of retailers may have been driven by discounts that obscure troubles ahead. Read more..

By MICHAEL BARBARO - The New York Times

Some Short-Term Canadian Debt Paper Is Snagged in Credit Crisis

Holders of a once-arcane and now troubled form of short-term debt may now find it converted in to notes with maturity dates measured in years. Read more..

By IAN AUSTEN - The New York Times

So This Subprime Lender Walks Into an Audit...

Deloitte effectively revokes its audit of NovaStar and the subprime mortgage lender stands on shaky ground. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO31.4331.7731.0931.5260.8M
General ElectricGE38.9139.0038.6138.7545M
Home DepotHD34.8134.8934.1234.2130.3M
Oracle Corp.ORCL20.2220.4019.9720.1629.2M
Wal-Mart StoresWMT42.4442.8842.3142.3925.4M
AT&T Inc.T39.4239.4938.6438.7322.5M
JPMorgan ChaseJPM43.2743.9943.2043.5221.5M
Wells Fargo & Co.WFC35.0735.6034.9135.2017M
HP Inc.HPQ49.4449.8548.4548.8515.2M
Johnson & JohnsonJNJ61.5162.0361.2661.6813.6M
Verizon CommunicationsVZ41.6342.0541.0541.3411.7M
Procter & GamblePG65.6966.3365.4065.4711.5M
Abbott LaboratoriesABT52.1452.6851.4951.8610.6M
Bristol-Myers SquibbBMY28.3328.5027.7827.8110.5M
Walt Disney & Co.DIS33.9334.1633.4733.599.91M
Gilead SciencesGILD37.1538.8337.1137.668.37M
International Business MachinesIBM116.20116.97115.33115.557.51M
UnitedHealth GroupUNH49.1549.5048.9849.194.2M
United TechnologiesUTX74.0074.4573.6473.793.81M
Union PacificUNP107.85110.83107.05108.112.7M
Berkshire HathawayBRK.B3986.003989.003970.003979.5010.6K
Exchange Rates of September 07, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 113.370 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.055 CAD1 CAD = 0.948 USD
US DollarSwiss Franc1 USD = 1.188 CHF1 CHF = 0.842 USD
US DollarChinese Yuan1 USD = 7.537 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 156.100 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.679 GBP1 GBP = 1.474 EUR
EuroAustralian Dollar1 EUR = 1.665 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.452 CAD1 CAD = 0.689 EUR
EuroSwiss Franc1 EUR = 1.636 CHF1 CHF = 0.611 EUR
Japanese YenPound Sterling1 JPY = 0.435 GBP1 GBP = 2.301 JPY
Japanese YenAustralian Dollar1 JPY = 1.066 AUD1 AUD = 0.938 JPY
Japanese YenCanadian Dollar1 JPY = 0.930 CAD1 CAD = 1.075 JPY
Japanese YenSwiss Franc1 JPY = 1.048 CHF1 CHF = 0.954 JPY
Pound SterlingAustralian Dollar1 GBP = 2.454 AUD1 AUD = 0.408 GBP
Pound SterlingCanadian Dollar1 GBP = 2.140 CAD1 CAD = 0.467 GBP
Pound SterlingSwiss Franc1 GBP = 2.410 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.872 CAD1 CAD = 1.147 AUD
Australian DollarSwiss Franc1 AUD = 0.982 CHF1 CHF = 1.019 AUD
Canadian DollarSwiss Franc1 CAD = 1.126 CHF1 CHF = 0.888 CAD

See what else happened on September 07, 2007