Financial news on September 12, 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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 25.51 25.85 25.33 25.46 60.8M
Microsoft MSFT 28.81 29.17 28.80 28.93 42.4M
General Electric GE 39.39 40.25 39.31 39.90 42.1M
Apple AAPL 135.99 139.40 135.75 136.85 36.5M
Cisco Systems CSCO 32.07 32.12 31.73 31.78 35.1M
Oracle Corp. ORCL 20.35 20.62 20.30 20.54 30.8M
Pfizer PFE 24.11 24.29 24.06 24.19 28.2M
Amgen AMGN 55.22 56.82 54.65 55.64 28M
ExxonMobil XOM 86.77 88.37 86.73 87.65 25.1M
Comcast CMCSA 25.55 25.62 25.20 25.22 21.1M
Home Depot HD 34.52 35.32 34.46 35.09 19.8M
AT&T Inc. T 39.82 40.13 39.53 39.86 18.1M
Wal-Mart Stores WMT 42.80 43.20 42.58 42.71 15.7M
HP Inc. HPQ 49.82 49.88 48.55 48.76 14.2M
JPMorgan Chase JPM 44.50 44.74 44.15 44.47 13.9M
Wells Fargo & Co. WFC 35.96 36.05 35.64 35.68 13.4M
ConocoPhillips COP 83.08 85.30 83.08 84.85 13.1M
Altria MO 67.20 67.63 66.90 67.50 12.6M
Johnson & Johnson JNJ 62.00 62.67 61.95 62.51 11.6M
Merck MRK 49.74 50.09 49.18 49.67 11.4M
Chevron CVX 88.42 89.84 88.28 89.19 11.1M
Schlumberger SLB 100.05 100.97 99.11 99.82 9.98M
Verizon Communications VZ 41.84 42.25 41.74 41.87 9.93M
Procter & Gamble PG 66.90 67.40 66.54 67.31 9.59M
Coca-Cola KO 55.60 56.36 55.28 55.84 9.22M
Amazon AMZN 86.07 88.89 85.97 87.30 9.03M
Abbott Laboratories ABT 51.92 52.55 51.81 52.25 8.94M
Bristol-Myers Squibb BMY 28.01 28.39 28.01 28.34 8.76M
Walt Disney & Co. DIS 33.53 33.82 33.41 33.72 8.11M
McDonald's MCD 51.88 51.95 51.16 51.20 7.7M
UnitedHealth Group UNH 49.53 49.74 49.35 49.47 6.62M
International Business Machines IBM 116.95 117.40 115.69 116.00 6.29M
Alphabet GOOGL 520.53 527.98 519.00 522.65 5.97M
Gilead Sciences GILD 37.95 38.73 37.84 38.25 5.89M
Pepsico PEP 69.65 69.97 69.37 69.58 5.48M
Boeing BA 97.21 98.73 97.00 98.32 4.41M
United Technologies UTX 74.75 75.50 74.37 74.84 3.51M
3M MMM 88.56 89.77 88.31 89.08 3.18M
Union Pacific UNP 107.77 109.61 106.86 108.69 1.46M
Berkshire Hathaway BRK.B 3949.00 3963.50 3938.00 3948.50 9.1K
Exchange Rates of September 12, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.170 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.037 CAD 1 CAD = 0.965 USD
US Dollar Swiss Franc 1 USD = 1.184 CHF 1 CHF = 0.844 USD
US Dollar Chinese Yuan 1 USD = 7.522 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 158.770 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.685 GBP 1 GBP = 1.460 EUR
Euro Australian Dollar 1 EUR = 1.652 AUD 1 AUD = 0.605 EUR
Euro Canadian Dollar 1 EUR = 1.442 CAD 1 CAD = 0.694 EUR
Euro Swiss Franc 1 EUR = 1.647 CHF 1 CHF = 0.607 EUR
Japanese Yen Pound Sterling 1 JPY = 0.431 GBP 1 GBP = 2.319 JPY
Japanese Yen Australian Dollar 1 JPY = 1.040 AUD 1 AUD = 0.962 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.908 CAD 1 CAD = 1.102 JPY
Japanese Yen Swiss Franc 1 JPY = 1.037 CHF 1 CHF = 0.964 JPY
Pound Sterling Australian Dollar 1 GBP = 2.412 AUD 1 AUD = 0.415 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.104 CAD 1 CAD = 0.475 GBP
Pound Sterling Swiss Franc 1 GBP = 2.403 CHF 1 CHF = 0.416 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.872 CAD 1 CAD = 1.147 AUD
Australian Dollar Swiss Franc 1 AUD = 0.996 CHF 1 CHF = 1.004 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.142 CHF 1 CHF = 0.876 CAD

See what else happened on September 12, 2007