Financial news on September 19th, 2007
Business and Financial news
The central bank doubled the amount of emergency loans made available to British banks caught short in the global credit squeeze. Read more..
The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls. Read more..
The company is seizing on the popularity of widgets — small online tools that function like mini-Web sites — for its latest push into advertising. Read more..
Impac Mortgage Holdings, a California home lender that suspended some operations last month, now plans to cease almost all lending and omit dividends for the rest of 2007 after “disruptions” caused by rising defaults. Read more..
The investment bank said third-quarter profit fell less than expected, as strength in stock trading and investment banking offset losses from the mortgage market. Read more..
Congressional investigators determined that major American retailers have found more lead-contaminated children’s products in their inventories but have not yet notified the public. Read more..
In a move certain to highlight the growing importance of China to both the National Basketball Association and the sport, the N.B.A. plans to announce Wednesday the formation of a Chinese subsidiary. Read more..
Lavishness is being replaced by caution at hedge funds due to the recent turmoil in the markets and calls from Capitol Hill to increase taxes on the industry. Read more..
There are good reasons to believe that the real estate slump has a long way to go, and that’s the main reason the Fed went further than most analysts expected in cutting interest rates. Read more..
Weeks after problems with subprime mortgages began roiling the industry, advertisers are offering reassurances about their stability and ability to ride out the storm. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 28.87 | 28.91 | 28.30 | 28.67 | 94.2M |
| Intel | INTC | 25.56 | 25.78 | 25.43 | 25.68 | 69.1M |
| Comcast | CMCSA | 25.09 | 25.24 | 24.07 | 24.32 | 58.4M |
| Cisco Systems | CSCO | 32.13 | 32.48 | 32.05 | 32.09 | 49.6M |
| Oracle Corp. | ORCL | 20.93 | 21.13 | 20.61 | 20.84 | 46.2M |
| General Electric | GE | 41.77 | 42.07 | 41.64 | 41.77 | 44.5M |
| Pfizer | PFE | 24.65 | 25.07 | 24.56 | 24.88 | 44.3M |
| AT&T Inc. | T | 40.79 | 41.93 | 40.78 | 41.58 | 36.8M |
| Apple | AAPL | 143.02 | 143.16 | 139.40 | 140.77 | 36.7M |
| JPMorgan Chase | JPM | 47.97 | 48.06 | 47.17 | 47.57 | 31.8M |
| ExxonMobil | XOM | 92.30 | 93.10 | 91.87 | 92.12 | 27.1M |
| Wal-Mart Stores | WMT | 44.57 | 45.05 | 44.41 | 44.75 | 22.2M |
| Wells Fargo & Co. | WFC | 37.38 | 37.99 | 37.19 | 37.30 | 21.4M |
| HP Inc. | HPQ | 50.25 | 50.53 | 49.40 | 49.78 | 20.4M |
| Home Depot | HD | 36.55 | 37.15 | 36.02 | 36.18 | 20.2M |
| Johnson & Johnson | JNJ | 63.76 | 64.78 | 63.65 | 64.49 | 18M |
| Bristol-Myers Squibb | BMY | 28.88 | 29.27 | 28.32 | 28.91 | 16.5M |
| Procter & Gamble | PG | 68.95 | 69.00 | 68.10 | 68.79 | 15M |
| Altria | MO | 68.35 | 68.82 | 68.00 | 68.73 | 14.8M |
| ConocoPhillips | COP | 88.48 | 89.50 | 87.90 | 88.29 | 14M |
| Verizon Communications | VZ | 43.46 | 43.90 | 43.33 | 43.78 | 12.9M |
| Abbott Laboratories | ABT | 53.80 | 54.20 | 53.37 | 53.95 | 12.7M |
| Merck | MRK | 50.83 | 51.73 | 50.12 | 51.56 | 12.3M |
| McDonald's | MCD | 54.85 | 55.73 | 54.75 | 55.41 | 11.8M |
| Chevron | CVX | 93.70 | 94.94 | 93.59 | 94.11 | 11.4M |
| Alphabet | GOOGL | 539.27 | 549.45 | 538.86 | 546.85 | 11M |
| Walt Disney & Co. | DIS | 34.81 | 34.95 | 34.54 | 34.56 | 10.5M |
| International Business Machines | IBM | 116.90 | 117.19 | 115.78 | 116.67 | 10.3M |
| Amgen | AMGN | 56.00 | 56.59 | 55.50 | 55.80 | 9.92M |
| Schlumberger | SLB | 105.48 | 107.81 | 104.70 | 106.97 | 9.24M |
| Coca-Cola | KO | 56.50 | 56.76 | 55.88 | 56.62 | 8.61M |
| UnitedHealth Group | UNH | 50.25 | 50.44 | 49.60 | 49.84 | 7.49M |
| Gilead Sciences | GILD | 38.45 | 38.68 | 38.03 | 38.64 | 6.99M |
| Pepsico | PEP | 71.00 | 71.35 | 70.08 | 71.11 | 6.96M |
| Boeing | BA | 99.40 | 100.71 | 99.05 | 100.02 | 6.92M |
| Amazon | AMZN | 89.52 | 89.82 | 88.26 | 89.00 | 6.46M |
| United Technologies | UTX | 78.27 | 78.99 | 78.05 | 78.90 | 5.13M |
| 3M | MMM | 91.75 | 92.25 | 91.08 | 91.96 | 4.8M |
| Union Pacific | UNP | 117.31 | 117.31 | 113.90 | 114.83 | 2.19M |
| Berkshire Hathaway | BRK.B | 3973.00 | 3988.00 | 3900.00 | 3900.00 | 22.9K |
Exchange Rates of September 19th, 2007
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 115.890 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.014 CAD | 1 CAD = 0.986 USD |
| US Dollar | Swiss Franc | 1 USD = 1.184 CHF | 1 CHF = 0.845 USD |
| US Dollar | Chinese Yuan | 1 USD = 7.513 CNY | 1 CNY = 0.133 USD |
| Euro | Japanese Yen | 1 EUR = 161.870 JPY | 1 JPY = 0.006 EUR |
| Euro | Pound Sterling | 1 EUR = 0.698 GBP | 1 GBP = 1.432 EUR |
| Euro | Australian Dollar | 1 EUR = 1.631 AUD | 1 AUD = 0.613 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.417 CAD | 1 CAD = 0.706 EUR |
| Euro | Swiss Franc | 1 EUR = 1.653 CHF | 1 CHF = 0.605 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.431 GBP | 1 GBP = 2.319 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.007 AUD | 1 AUD = 0.993 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 0.875 CAD | 1 CAD = 1.143 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.021 CHF | 1 CHF = 0.979 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.335 AUD | 1 AUD = 0.428 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.028 CAD | 1 CAD = 0.493 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 2.367 CHF | 1 CHF = 0.423 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.868 CAD | 1 CAD = 1.152 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 1.013 CHF | 1 CHF = 0.987 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.167 CHF | 1 CHF = 0.857 CAD |
See what else happened on September 19th, 2007