Financial news on October 9th, 2007

Business and Financial news
A Settlement by Vonage Over Patents

The Internet phone-calling pioneer came under fire from traditional phone companies that sought to shut it down, saying Vonage had infringed on their patents. Read more..

By LAURA M. HOLSON - The New York Times

Australia: A Health Company Buyout

Symbion Health, the biggest health care company in Australia, agreed to be broken up and sold to Healthscope and two buyout companies for as much as 3.1 billion Australian dollars ($2.8 billion), reviving a plan blocked by its biggest shareholder ... Read more..

By BLOOMBERG NEWS - The New York Times

Consortium Wins Control of ABN Amro

The Royal Bank of Scotland, Banco Santander and Fortis won control of ABN Amro, the biggest Dutch bank, after shareholders backed a buyout bid valued at $101 billion. Read more..

By BLOOMBERG NEWS - The New York Times

Film Drop-Off Sites Fade Against Digital Cameras

As another retailer, Stop & Shop, moved to discontinue film processing at its 300 stores last month, the nation’s new emphasis on digital processing is pronounced. Read more..

By KATIE HAFNER - The New York Times

Glaxo Appoints New Chief

Andrew Witty was named GlaxoSmithKline’s new chief executive, ending a yearlong internal competition to succeed Jean-Pierre Garnier, who retires next year. Read more..

By ASSOCIATED PRESS - The New York Times

Impact Report Clears Russian Oil Project

The environmental impact report’s approval is vital to the $20 billion project because it allows a series of multibillion-dollar loans to be exercised. Read more..


In a Time of Need, a Concierge Steps Up

Registered Traveler programs are moving ahead slower than anticipated as the T.S.A. lags in approving technology that would speed up airport security checks. Read more..

By JOE SHARKEY - The New York Times

Ryder to Report Lower Earnings

America’s largest truck-leasing company said yesterday that its third-quarter earnings would be less than it forecast as demand fell for freight-hauling trucks. Read more..

By BLOOMBERG NEWS - The New York Times

Sprint Nextel Chief Resigns, Adding to Line of Departures

Gary D. Forsee’s resignation came on the heels of news reports last week that the company’s board was seeking to replace him as early as December. Read more..

By LAURA M. HOLSON and MATT RICHTEL - The New York Times

Yum Profit Rises 17%, Propelled by Overseas Growth

The fast-food giant said its third-quarter profit had risen 17 percent on the strength of surging sales in the international and China divisions. Read more..

By ASSOCIATED PRESS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32.8033.0932.6533.0833M
Oracle Corp.ORCL22.5422.6822.3622.5924.5M
General ElectricGE41.5142.0341.5042.0219.5M
AT&T Inc.T41.8242.1641.7041.9814.3M
Home DepotHD33.9134.0033.4233.8014M
JPMorgan ChaseJPM47.5947.7046.9947.5713M
Wal-Mart StoresWMT45.0345.4944.6345.2112.2M
Wells Fargo & Co.WFC37.1037.2436.8037.1210.3M
Verizon CommunicationsVZ45.0145.6645.0145.6210.2M
HP Inc.HPQ52.2052.4951.7352.469.7M
Abbott LaboratoriesABT55.0255.4954.5554.869.32M
Procter & GamblePG71.1871.3570.5071.088.26M
UnitedHealth GroupUNH47.7948.5047.7648.497.99M
Bristol-Myers SquibbBMY29.9730.1829.6429.857.7M
Johnson & JohnsonJNJ66.1066.2765.9466.257.64M
Walt Disney & Co.DIS35.1635.4535.1035.457.27M
International Business MachinesIBM117.85118.50116.42118.305.67M
Gilead SciencesGILD41.5042.1241.4342.094.83M
United TechnologiesUTX80.3081.4680.2081.202.96M
Union PacificUNP117.25118.85116.13118.141.7M
Berkshire HathawayBRK.B4092.004124.004067.004089.0020.2K
Exchange Rates of October 9th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 117.090 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.981 CAD1 CAD = 1.019 USD
US DollarSwiss Franc1 USD = 1.183 CHF1 CHF = 0.845 USD
US DollarChinese Yuan1 USD = 7.517 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 165.150 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.692 GBP1 GBP = 1.445 EUR
EuroAustralian Dollar1 EUR = 1.565 AUD1 AUD = 0.639 EUR
EuroCanadian Dollar1 EUR = 1.384 CAD1 CAD = 0.723 EUR
EuroSwiss Franc1 EUR = 1.669 CHF1 CHF = 0.599 EUR
Japanese YenPound Sterling1 JPY = 0.419 GBP1 GBP = 2.387 JPY
Japanese YenAustralian Dollar1 JPY = 0.947 AUD1 AUD = 1.056 JPY
Japanese YenCanadian Dollar1 JPY = 0.838 CAD1 CAD = 1.194 JPY
Japanese YenSwiss Franc1 JPY = 1.011 CHF1 CHF = 0.990 JPY
Pound SterlingAustralian Dollar1 GBP = 2.261 AUD1 AUD = 0.442 GBP
Pound SterlingCanadian Dollar1 GBP = 1.999 CAD1 CAD = 0.500 GBP
Pound SterlingSwiss Franc1 GBP = 2.411 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.883 CAD1 CAD = 1.132 AUD
Australian DollarSwiss Franc1 AUD = 1.066 CHF1 CHF = 0.938 AUD
Canadian DollarSwiss Franc1 CAD = 1.206 CHF1 CHF = 0.829 CAD

See what else happened on October 9th, 2007