Financial news on September 19, 2007

Business and Financial news
Bank of England Offers New Infusion of Loans

The central bank doubled the amount of emergency loans made available to British banks caught short in the global credit squeeze. Read more..

By JULIA WERDIGIER - The New York Times

Foreign Sales Bolster Earnings at Best Buy

The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls. Read more..

By BLOOMBERG NEWS - The New York Times

Google Program Enlists Mini-Sites as Selling Tool for Advertisers

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..

By LOUISE STORY - The New York Times

Impac to All but Cease Loans and Omit 2007 Dividends

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..

By BLOOMBERG NEWS - The New York Times

Lehman Profits Fall, but Give Wall Street a Lift

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..

By JENNY ANDERSON - The New York Times

More Retailers Found to Have Lead-Tainted Items

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..

By ERIC LIPTON - The New York Times

New Push Into China by N.B.A.

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..

By KEITH BRADSHER - The New York Times

Suddenly, a Hesitation About Splurging

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..

By LANDON THOMAS Jr - The New York Times

Will the Fed Reverse the Housing Slump?

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..

By DAVID LEONHARDT - The New York Times

With Economy Volatile, Financial Firms Start to Stress Stability

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..

By STUART ELLIOTT - The New York Times

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 19, 2007
CurrenciesExchange 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 19, 2007