Financial news on September 17th, 2007

Business and Financial news
A ‘Disappointed’ Greenspan Lashes Out at Bush’s Economic Policies

In an interview timed with the release of his memoir, Alan Greenspan, a lifelong Republican, sought to distance himself from the economic policies of President Bush. Read more..

By EDMUND L. ANDREWS - The New York Times

After Labor Day, Go Directly to Halloween

Weeks before Halloween, marketers, retailers and media companies are busily painting the town orange in order to satisfy consumers who are already in the mood. Read more..

By STUART ELLIOTT - The New York Times

As Europe Debated, Microsoft Took Market Share

Top lawyers for Microsoft and the European Commission are to learn whether the company has persuaded the court to overturn a record $690 million fine and antitrust ruling. Read more..

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

At 25, ‘McPaper’ Is All Grown Up

An older, more serious USA Today is facing the challenge of readers and advertisers fleeing to the Internet. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

G.M. Talks With Union Said to Be Breaking Down

Talks between the United Automobile Workers and General Motors appeared close to an impasse Sunday night. Read more..


New York Post Will Publish Weekly Page Six Magazine

The New York Post is introducing Page Six Magazine as a Sunday insert. The title refers to The Post’s gossip page, but the magazine will be broader than its namesake. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Paulson Urges Caution on Regulation

The Treasury secretary said that turmoil in the world’s financial markets could continue for some time, but he cautioned against hasty introduction of new regulations. Read more..

By JAMES KANTER - The New York Times

Red Carpet Meets Harsh War

Are audiences ready for the steady stream of movies and documentaries that bring a faraway war very close? Read more..

By DAVID CARR - The New York Times

The iPhone Heads to Europe; Euros Head to Cupertino

Apple’s reportedly will announce deals to sell the iPhone in Europe this week. Carriers O2, Orange and T-Mobile are said to be giving huge portions of the usage fees back to Apple. Read more..

By SAUL HANSELL - The New York Times

Withdrawals Continue at British Bank

Shares in Northern Rock dropped 40 percent to a 7-year low in London after customers reportedly withdrew at least £2 billion, or $4 billion. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
AT&T Inc.T40.3140.5539.9840.0025M
General ElectricGE40.0840.3540.0440.1824.3M
Oracle Corp.ORCL20.0020.2319.8820.0223.3M
JPMorgan ChaseJPM45.3945.6344.8945.2918M
Cisco SystemsCSCO31.2631.7431.2531.5015M
HP Inc.HPQ48.2749.5248.2149.1414.5M
Wal-Mart StoresWMT43.2343.5442.9943.3214M
Home DepotHD35.3535.7035.1835.3813.1M
Wells Fargo & Co.WFC35.4635.7935.3835.6611.6M
Verizon CommunicationsVZ42.5042.9942.4242.5911.2M
Johnson & JohnsonJNJ63.0263.3362.7062.9411.1M
Procter & GamblePG67.4968.2967.2667.9510.3M
Abbott LaboratoriesABT51.9152.2851.5151.998.41M
Walt Disney & Co.DIS33.3633.4533.0633.387.21M
Bristol-Myers SquibbBMY28.3328.5028.0128.086.85M
UnitedHealth GroupUNH49.7350.1149.5749.956.28M
Gilead SciencesGILD37.8037.8637.0537.235.21M
International Business MachinesIBM114.70115.25114.30114.525.02M
United TechnologiesUTX75.7076.2475.5275.832.6M
Union PacificUNP111.61112.21110.59111.001.12M
Berkshire HathawayBRK.B3995.003995.003938.003947.509.8K
Exchange Rates of September 17th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.070 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.028 CAD1 CAD = 0.973 USD
US DollarSwiss Franc1 USD = 1.187 CHF1 CHF = 0.842 USD
US DollarChinese Yuan1 USD = 7.523 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 159.490 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.695 GBP1 GBP = 1.439 EUR
EuroAustralian Dollar1 EUR = 1.664 AUD1 AUD = 0.601 EUR
EuroCanadian Dollar1 EUR = 1.424 CAD1 CAD = 0.702 EUR
EuroSwiss Franc1 EUR = 1.646 CHF1 CHF = 0.608 EUR
Japanese YenPound Sterling1 JPY = 0.436 GBP1 GBP = 2.296 JPY
Japanese YenAustralian Dollar1 JPY = 1.043 AUD1 AUD = 0.959 JPY
Japanese YenCanadian Dollar1 JPY = 0.892 CAD1 CAD = 1.121 JPY
Japanese YenSwiss Franc1 JPY = 1.032 CHF1 CHF = 0.969 JPY
Pound SterlingAustralian Dollar1 GBP = 2.394 AUD1 AUD = 0.418 GBP
Pound SterlingCanadian Dollar1 GBP = 2.049 CAD1 CAD = 0.488 GBP
Pound SterlingSwiss Franc1 GBP = 2.368 CHF1 CHF = 0.422 GBP
Australian DollarCanadian Dollar1 AUD = 0.855 CAD1 CAD = 1.169 AUD
Australian DollarSwiss Franc1 AUD = 0.988 CHF1 CHF = 1.012 AUD
Canadian DollarSwiss Franc1 CAD = 1.155 CHF1 CHF = 0.866 CAD

See what else happened on September 17th, 2007