Financial news on September 13th, 2007

Business and Financial news
A Home Loan Trap

High fees for early payment can prevent escape for homeowners trying to escape from adjustable rate mortgages. Read more..


Cleaning Out the ‘Cleaners’

I have been getting pop-ups for DriveCleaner offering to remove traces of adult sites from my computer. I don’t visit adult sites, and no one else uses my machine. How do I get rid of this pest? Read more..

By J. D. BIERSDORFER - The New York Times

Dinosaurs Return, in a 2.0 Version (but Were They Ever Really Gone?)

For a mere $350, you will soon be able to get your own prehistoric pet lizard to tramp around the house: Pleo, a sophisticated robot dinosaur from Ugobe. Read more..

By J. D. BIERSDORFER - The New York Times

Mexico: New Suitor for Aeroméxico

Banamex and a group of Mexican investors said they planned a 1.67 billion peso ($150.7 million) counteroffer for the airline Aeroméxico, which is currently the target of a takeover bid by two businessmen. Read more..

By DOW JONES - The New York Times

Out of Adversity, an Opportunity

An entrepreneur has made caring for her autistic son and for others like him her third business. Read more..

By BRENT BOWERS - The New York Times

S.E.C. Sues 4 Former Nortel Officers in Accounting Case

The S.E.C. said that four former finance officers at Nortel Networks helped the former C.E.O. manipulate reserves to enhance earnings. Read more..

By BLOOMBERG NEWS - The New York Times

Senators Urge More Stringent Rules for Toy Safety

Robert A. Eckert, Mattel’s C.E.O., 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

Small New Steps Toward Fulfilling the Promise of PC-TV Links

The latest connected-home innovations are televisions designed to pick up a signal from the Internet or personal computers to display videos and pictures. Read more..

By MATT RICHTEL - The New York Times

Target May Sell Assets

The Target Corporation, under pressure by investors to bolster its share price, said yesterday that it might sell its $7 billion credit card portfolio and increase share buybacks. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE40.0140.8039.9440.5144.9M
Cisco SystemsCSCO31.9632.0431.4031.5133.6M
AT&T Inc.T39.9340.9039.1540.7726.9M
Oracle Corp.ORCL20.7020.7020.3420.4524.5M
JPMorgan ChaseJPM44.4245.7844.3845.6020.3M
Wal-Mart StoresWMT42.8643.4742.7743.0617.1M
Home DepotHD35.2935.8535.1235.6116.3M
Wells Fargo & Co.WFC35.7436.0135.6435.8114.6M
HP Inc.HPQ48.7049.2448.3948.7714.1M
Johnson & JohnsonJNJ62.6863.2762.5763.1113.5M
Verizon CommunicationsVZ42.1042.8842.0842.6111M
Abbott LaboratoriesABT52.7052.9951.9852.1610.9M
Bristol-Myers SquibbBMY28.4528.9728.4328.809.98M
Procter & GamblePG67.3267.7267.1667.468.55M
Walt Disney & Co.DIS33.8033.9033.4433.526.97M
Gilead SciencesGILD38.6838.8638.2338.506.49M
UnitedHealth GroupUNH49.6549.8649.3949.555.05M
International Business MachinesIBM116.30117.00115.74115.954.8M
United TechnologiesUTX75.3275.4074.5775.024.02M
Union PacificUNP109.90113.37108.85112.682.64M
Berkshire HathawayBRK.B3949.003965.003932.003957.008.1K
Exchange Rates of September 13th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.790 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.036 CAD1 CAD = 0.965 USD
US DollarSwiss Franc1 USD = 1.186 CHF1 CHF = 0.843 USD
US DollarChinese Yuan1 USD = 7.511 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 159.180 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.687 GBP1 GBP = 1.457 EUR
EuroAustralian Dollar1 EUR = 1.659 AUD1 AUD = 0.603 EUR
EuroCanadian Dollar1 EUR = 1.436 CAD1 CAD = 0.696 EUR
EuroSwiss Franc1 EUR = 1.644 CHF1 CHF = 0.608 EUR
Japanese YenPound Sterling1 JPY = 0.431 GBP1 GBP = 2.320 JPY
Japanese YenAustralian Dollar1 JPY = 1.042 AUD1 AUD = 0.960 JPY
Japanese YenCanadian Dollar1 JPY = 0.902 CAD1 CAD = 1.109 JPY
Japanese YenSwiss Franc1 JPY = 1.033 CHF1 CHF = 0.968 JPY
Pound SterlingAustralian Dollar1 GBP = 2.417 AUD1 AUD = 0.414 GBP
Pound SterlingCanadian Dollar1 GBP = 2.092 CAD1 CAD = 0.478 GBP
Pound SterlingSwiss Franc1 GBP = 2.394 CHF1 CHF = 0.418 GBP
Australian DollarCanadian Dollar1 AUD = 0.865 CAD1 CAD = 1.156 AUD
Australian DollarSwiss Franc1 AUD = 0.990 CHF1 CHF = 1.010 AUD
Canadian DollarSwiss Franc1 CAD = 1.144 CHF1 CHF = 0.874 CAD

See what else happened on September 13th, 2007