Financial news on September 21, 2007

Business and Financial news
Britain: Surprising Rise in Retail Sales

Retail sales unexpectedly rose in August, gaining 0.6 percent after a 0.7 percent gain in July, the Office for National Statistics said. Read more..

By BLOOMBERG NEWS - The New York Times

Dollar Falls to New Low Against the Euro

The euro traded above $1.40 for the first time since the common European currency was introduced. Read more..

By VIKAS BAJAJ and IAN AUSTEN - The New York Times

Helped by Generics, Inflation of Drug Costs Slows

Annual inflation in drug costs is at the lowest rate in three decades as generic versions of some of the most common drugs have recently come on the market. Read more..

By STEPHANIE SAUL - The New York Times

Mattel Official Apologizes in China

The executive reportedly apologized for maligning Chinese manufacturers in the course of toy recalls, but the company said the remarks were misconstrued. Read more..

By LOUISE STORY - The New York Times

People in the News

Comings and goings in the financial industry. Read more..

By - The New York Times

Todd Oldham’s New Assignment: Old Navy

The designer Todd Oldham has agreed to become the creative director for the struggling clothing retailer, Old Navy, an offshoot of the Gap. Read more..

By MICHAEL BARBARO - The New York Times

Top Class-Action Lawyer Faces Federal Charges

Melvyn I. Weiss was indicted on Thursday, accused of using payoffs in class-action suits to enhance his firms legal fees. Read more..

By BARRY MEIER - The New York Times

Using 300 Sellers as a Window on the Drug Market

How the Bureau of Labor Statistics compiles data on pharmaceutical prices. Read more..

By STEPHANIE SAUL - The New York Times

Viacom Chief’s Remark on Spielberg Stirs a Furor

Despite stellar success at the box office, the relationship between DreamWorks and its corporate parent, Viacom, appears once again to be on the rocks. Read more..

By MICHAEL CIEPLY - The New York Times

Wider Loss at 3Com

The 3Com Corporation, the maker of computer-networking equipment, said Thursday that its first-quarter loss widened on costs to buy out a venture partner in China. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 28.70 28.81 28.44 28.65 136M
Oracle Corp. ORCL 21.59 22.17 21.04 21.98 95.9M
Intel INTC 26.01 26.05 25.76 25.87 70.4M
Cisco Systems CSCO 32.56 32.56 32.19 32.30 56.8M
Pfizer PFE 24.81 24.83 24.52 24.59 54M
Comcast CMCSA 23.95 24.17 23.63 23.87 42.4M
Apple AAPL 141.14 144.65 140.31 144.15 40.7M
General Electric GE 41.61 41.73 41.18 41.25 38.4M
AT&T Inc. T 42.51 42.75 42.03 42.53 34.8M
ExxonMobil XOM 92.87 93.40 92.09 92.31 34.3M
Home Depot HD 35.52 35.55 34.47 34.47 23.9M
Wells Fargo & Co. WFC 36.50 36.91 36.12 36.24 23.8M
HP Inc. HPQ 50.42 50.96 50.10 50.53 23.6M
Wal-Mart Stores WMT 44.57 44.79 44.15 44.23 21M
JPMorgan Chase JPM 47.50 47.54 46.63 47.13 20.5M
Johnson & Johnson JNJ 64.90 65.56 64.79 65.12 17.6M
Verizon Communications VZ 43.61 44.66 43.61 44.38 17.4M
Procter & Gamble PG 69.67 69.94 68.98 69.39 16.1M
Alphabet GOOGL 556.34 560.79 552.83 560.10 16M
Abbott Laboratories ABT 54.28 54.72 53.69 54.44 15.1M
Walt Disney & Co. DIS 34.06 34.89 34.04 34.60 14.7M
Merck MRK 51.42 52.08 51.38 51.82 14.2M
ConocoPhillips COP 89.18 89.64 88.41 88.94 12.7M
Chevron CVX 94.28 95.36 94.11 94.84 12.6M
Schlumberger SLB 108.75 108.75 106.20 106.20 12.2M
Altria MO 69.18 69.48 68.36 68.54 11.6M
Gilead Sciences GILD 39.66 40.37 39.28 40.13 11.2M
Coca-Cola KO 56.38 56.86 56.31 56.55 11M
Bristol-Myers Squibb BMY 28.55 29.06 28.54 29.00 10.5M
McDonald's MCD 55.48 55.48 54.70 54.80 10.3M
UnitedHealth Group UNH 50.17 50.17 49.78 49.91 9.62M
Amgen AMGN 55.45 55.98 55.31 55.42 9.38M
International Business Machines IBM 117.89 118.10 116.35 116.78 9.1M
Pepsico PEP 71.46 71.99 71.03 71.44 7.78M
Boeing BA 102.35 103.23 101.25 102.59 6.63M
Amazon AMZN 90.29 91.90 89.65 91.30 6.52M
United Technologies UTX 79.59 79.95 78.73 79.43 6.47M
3M MMM 92.50 92.50 91.24 91.68 4.98M
Union Pacific UNP 113.00 113.65 112.06 112.87 2.5M
Berkshire Hathaway BRK.B 3912.00 3950.00 3890.00 3890.00 19.8K
Exchange Rates of September 21, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 115.470 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.001 CAD 1 CAD = 0.999 USD
US Dollar Swiss Franc 1 USD = 1.172 CHF 1 CHF = 0.853 USD
US Dollar Chinese Yuan 1 USD = 7.503 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 162.700 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.697 GBP 1 GBP = 1.434 EUR
Euro Australian Dollar 1 EUR = 1.626 AUD 1 AUD = 0.615 EUR
Euro Canadian Dollar 1 EUR = 1.410 CAD 1 CAD = 0.709 EUR
Euro Swiss Franc 1 EUR = 1.651 CHF 1 CHF = 0.606 EUR
Japanese Yen Pound Sterling 1 JPY = 0.428 GBP 1 GBP = 2.335 JPY
Japanese Yen Australian Dollar 1 JPY = 0.999 AUD 1 AUD = 1.001 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.866 CAD 1 CAD = 1.155 JPY
Japanese Yen Swiss Franc 1 JPY = 1.015 CHF 1 CHF = 0.985 JPY
Pound Sterling Australian Dollar 1 GBP = 2.331 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.022 CAD 1 CAD = 0.495 GBP
Pound Sterling Swiss Franc 1 GBP = 2.368 CHF 1 CHF = 0.422 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.867 CAD 1 CAD = 1.154 AUD
Australian Dollar Swiss Franc 1 AUD = 1.015 CHF 1 CHF = 0.985 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.171 CHF 1 CHF = 0.854 CAD

See what else happened on September 21, 2007