Financial news on September 14th, 2007

Business and Financial news
A Dropout Problem for Colleges

The departure from Harvard this week of Mohamed A. El-Erian highlights the difficulties that universities face in retaining endowment chiefs. Read more..

By JENNY ANDERSON - The New York Times

Alcatel-Lucent Trims Outlook; Shares Dive

The company revised its 2007 sales forecast lower for a third time this year because of price reductions and reduced orders. Read more..

By KEVIN J. O'BRIEN - The New York Times

Crude Oil Price Closes Above $80

The higher crude prices could put a new drag on the economy at a time when it seems to be weakening. Read more..

By CLIFFORD KRAUSS - The New York Times

Greenspan Book Laments Course of Bush and G.O.P.

In his long-awaited memoir, Alan Greenspan says he was mystified at the Republicans’ abandonment of their party’s small government principles. Read more..

By EDMUND L. ANDREWS and DAVID E. SANGER - The New York Times

Mayo Clinic Urges Universal Health Insurance

The Mayo Clinic today called for every individual to have basic universal insurance as a step toward gradually replacing the current employer-based system. Read more..

By MILT FREUDENHEIM - The New York Times

People in the News

Comings and goings in the banking indurstry. Read more..

By THE NEW YORK TIMES - The New York Times

U.A.W. Picks G.M. as ‘Strike Target’

Negotiators met today ahead of a midnight deadline as unions across the country prepared for a possible strike. Read more..

By MICHELINE MAYNARD and MARY M. CHAPMAN - The New York Times

Verizon Wireless Suing Over Auction Rules

Verizon Wireless has sued the F.C.C., seeking to overturn auction rules requiring the buyers of some airwaves to make their networks compatible with any device. Read more..

By BLOOMBERG NEWS - The New York Times

Weekend Project: Hack an iPhone

If you are willing to gamble with your $400 baby, here are step by step instructions to unchain it from the control of AT&T (at least for a while). Read more..

By DAMON DARLIN - The New York Times

What Goes Down Sometimes Goes Up

LCD TV prices have been dropping all year. But they bounced back in July and stayed stable in August, according to iSuppli. The roller coaster is heading down again for the holidays. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC24,9425,1924,6024,9366.9M
General ElectricGE40,2440,6339,9440,3535.9M
Oracle Corp.ORCL20,3920,4220,0120,0735.5M
PfizerPFE24,2024,3523,9824,2935.1M
MicrosoftMSFT28,9329,1128,8829,0433.5M
ExxonMobilXOM88,1089,6887,8788,6723.7M
AppleAAPL136,57138,98136,20138,8121.7M
AT&T Inc.T40,5640,7240,1240,4418.6M
Cisco SystemsCSCO31,2931,6931,1531,5617.1M
ComcastCMCSA25,1625,2424,9125,1716.7M
HP Inc.HPQ48,5048,7547,7048,3816.6M
McDonald'sMCD53,9055,5153,1155,4515.6M
Wal-Mart StoresWMT42,8143,5442,6543,3214.8M
Home DepotHD35,8035,8335,0035,6812.5M
JPMorgan ChaseJPM45,2345,6445,0145,5412.5M
Wells Fargo & Co.WFC35,5635,8135,3835,6612.1M
Verizon CommunicationsVZ42,5742,6142,2242,5210.5M
ConocoPhillipsCOP84,6085,9184,2785,279.46M
Johnson & JohnsonJNJ62,9963,3262,8763,209.37M
AmgenAMGN56,8856,8855,8956,328.89M
Bristol-Myers SquibbBMY28,7128,7128,2828,388.86M
Walt Disney & Co.DIS33,3233,8533,0033,568.8M
Abbott LaboratoriesABT51,9452,2851,7952,108.46M
Procter & GamblePG67,0067,8566,9467,818.32M
ChevronCVX89,4091,2789,3790,657.97M
Coca-ColaKO55,7256,5655,6656,407.73M
AltriaMO66,9867,4166,6667,037.67M
MerckMRK49,7449,8949,1749,547.27M
UnitedHealth GroupUNH49,2850,1649,1849,917.1M
International Business MachinesIBM115,05116,00114,65115,136.9M
Gilead SciencesGILD38,4538,4837,8738,025.93M
SchlumbergerSLB99,76100,5899,40100,375.88M
AlphabetGOOGL523,20530,27522,22528,755.52M
PepsicoPEP69,4770,2769,4069,564.85M
BoeingBA98,4099,5898,0299,354.22M
United TechnologiesUTX75,0576,3774,9876,144.09M
AmazonAMZN86,4188,0986,3187,773.95M
3MMMM88,6689,4788,4589,022.35M
Union PacificUNP112,00113,34111,12111,831.53M
Berkshire HathawayBRK.B3945,003998,003920,003996,0015.1K
Exchange Rates of September 14th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115,360 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,030 CAD1 CAD = 0,971 USD
US DollarSwiss Franc1 USD = 1,189 CHF1 CHF = 0,841 USD
US DollarChinese Yuan1 USD = 7,516 CNY1 CNY = 0,133 USD
EuroJapanese Yen1 EUR = 160,060 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,691 GBP1 GBP = 1,447 EUR
EuroAustralian Dollar1 EUR = 1,647 AUD1 AUD = 0,607 EUR
EuroCanadian Dollar1 EUR = 1,428 CAD1 CAD = 0,700 EUR
EuroSwiss Franc1 EUR = 1,650 CHF1 CHF = 0,606 EUR
Japanese YenPound Sterling1 JPY = 0,432 GBP1 GBP = 2,317 JPY
Japanese YenAustralian Dollar1 JPY = 1,029 AUD1 AUD = 0,972 JPY
Japanese YenCanadian Dollar1 JPY = 0,892 CAD1 CAD = 1,121 JPY
Japanese YenSwiss Franc1 JPY = 1,031 CHF1 CHF = 0,970 JPY
Pound SterlingAustralian Dollar1 GBP = 2,384 AUD1 AUD = 0,420 GBP
Pound SterlingCanadian Dollar1 GBP = 2,067 CAD1 CAD = 0,484 GBP
Pound SterlingSwiss Franc1 GBP = 2,387 CHF1 CHF = 0,419 GBP
Australian DollarCanadian Dollar1 AUD = 0,867 CAD1 CAD = 1,154 AUD
Australian DollarSwiss Franc1 AUD = 1,001 CHF1 CHF = 0,999 AUD
Canadian DollarSwiss Franc1 CAD = 1,155 CHF1 CHF = 0,866 CAD

See what else happened on September 14th, 2007