Financial news on September 12th, 2007

Business and Financial news
After Losses, Fund Halts Withdrawals

Pirate Capital, the hedge fund management company run by Thomas Hudson, has barred withdrawals from its two Jolly Roger Activist funds after the firm’s assets declined by almost 80 percent in the last year. Read more..

By BLOOMBERG NEWS - The New York Times

Bebo Adds Yahoo as a Friend

Bebo, the British social network, chose Yahoo to sell advertising in the United Kingdom and Ireland. It’s a midsized deal that Yahoo can afford. Read more..

By SAUL HANSELL - The New York Times

CBS Appeals Punishment for Super Bowl Incident

CBS is asking a three-judge panel to reverse a finding by the F.C.C. that the company was liable for broadcast indecency during the 2004 Super Bowl halftime show. Read more..

By RITA K. FARRELL - The New York Times

F.D.A. Advisory Panel Opposes Curb on Anemia Drugs

The vote by the panel advising the Food and Drug Administration was a rare reprieve to Amgen, the manufacturer of the drugs. Read more..

By ANDREW POLLACK - The New York Times

Mattel Chief Apologizes for Flawed Toy Imports

Robert Eckert told Congress that the toy industry would work to prevent unsafe toys from entering the U.S. Read more..

By ERIC LIPTON - The New York Times

New Social Sites Cater to People of a Certain Age

Technology entrepreneurs are starting a host of new social networking sites aimed at baby boomers. Read more..

By MATT RICHTEL - The New York Times

Oil Prices Surge and Dollar Falls

The dollar fell to an all-time low against the euro and oil prices hit a record, suggesting higher prices for imports. Read more..

By VIKAS BAJAJ - The New York Times

Shareholders Reject Health Concern’s Takeover

Shareholders of Symbion Health rejected a takeover bid of 2.9 billion Australian dollars ($2.4 billion) from a group led by Healthscope, extending a nine-month battle for more than 130 pathology laboratories and medical clinics in Australia. Healt... Read more..

By BLOOMBERG NEWS - The New York Times

Shopping Centers Begin to Feel Ripples of Housing’s Ills

As problems in the subprime mortgage industry sends ripples through the economy, shopping centers are being caught in the credit squeeze. Read more..

By TERRY PRISTIN - The New York Times

Web Video’s Audience Likes 2.7 Minutes at a Time

Most Internet users in the United States watch an average of three hours of online video a month, according to data from ComScore. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE39.3940.2539.3139.9042.1M
Cisco SystemsCSCO32.0732.1231.7331.7835.1M
Oracle Corp.ORCL20.3520.6220.3020.5430.8M
Home DepotHD34.5235.3234.4635.0919.8M
AT&T Inc.T39.8240.1339.5339.8618.1M
Wal-Mart StoresWMT42.8043.2042.5842.7115.7M
HP Inc.HPQ49.8249.8848.5548.7614.2M
JPMorgan ChaseJPM44.5044.7444.1544.4713.9M
Wells Fargo & Co.WFC35.9636.0535.6435.6813.4M
Johnson & JohnsonJNJ62.0062.6761.9562.5111.6M
Verizon CommunicationsVZ41.8442.2541.7441.879.93M
Procter & GamblePG66.9067.4066.5467.319.59M
Abbott LaboratoriesABT51.9252.5551.8152.258.94M
Bristol-Myers SquibbBMY28.0128.3928.0128.348.76M
Walt Disney & Co.DIS33.5333.8233.4133.728.11M
UnitedHealth GroupUNH49.5349.7449.3549.476.62M
International Business MachinesIBM116.95117.40115.69116.006.29M
Gilead SciencesGILD37.9538.7337.8438.255.89M
United TechnologiesUTX74.7575.5074.3774.843.51M
Union PacificUNP107.77109.61106.86108.691.46M
Berkshire HathawayBRK.B3949.003963.503938.003948.509.1K
Exchange Rates of September 12th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.170 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.037 CAD1 CAD = 0.965 USD
US DollarSwiss Franc1 USD = 1.184 CHF1 CHF = 0.844 USD
US DollarChinese Yuan1 USD = 7.522 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 158.770 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.685 GBP1 GBP = 1.460 EUR
EuroAustralian Dollar1 EUR = 1.652 AUD1 AUD = 0.605 EUR
EuroCanadian Dollar1 EUR = 1.442 CAD1 CAD = 0.694 EUR
EuroSwiss Franc1 EUR = 1.647 CHF1 CHF = 0.607 EUR
Japanese YenPound Sterling1 JPY = 0.431 GBP1 GBP = 2.319 JPY
Japanese YenAustralian Dollar1 JPY = 1.040 AUD1 AUD = 0.962 JPY
Japanese YenCanadian Dollar1 JPY = 0.908 CAD1 CAD = 1.102 JPY
Japanese YenSwiss Franc1 JPY = 1.037 CHF1 CHF = 0.964 JPY
Pound SterlingAustralian Dollar1 GBP = 2.412 AUD1 AUD = 0.415 GBP
Pound SterlingCanadian Dollar1 GBP = 2.104 CAD1 CAD = 0.475 GBP
Pound SterlingSwiss Franc1 GBP = 2.403 CHF1 CHF = 0.416 GBP
Australian DollarCanadian Dollar1 AUD = 0.872 CAD1 CAD = 1.147 AUD
Australian DollarSwiss Franc1 AUD = 0.996 CHF1 CHF = 1.004 AUD
Canadian DollarSwiss Franc1 CAD = 1.142 CHF1 CHF = 0.876 CAD

See what else happened on September 12th, 2007