Financial news on September 21st, 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

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL21.5922.1721.0421.9895.9M
Cisco SystemsCSCO32.5632.5632.1932.3056.8M
General ElectricGE41.6141.7341.1841.2538.4M
AT&T Inc.T42.5142.7542.0342.5334.8M
Home DepotHD35.5235.5534.4734.4723.9M
Wells Fargo & Co.WFC36.5036.9136.1236.2423.8M
HP Inc.HPQ50.4250.9650.1050.5323.6M
Wal-Mart StoresWMT44.5744.7944.1544.2321M
JPMorgan ChaseJPM47.5047.5446.6347.1320.5M
Johnson & JohnsonJNJ64.9065.5664.7965.1217.6M
Verizon CommunicationsVZ43.6144.6643.6144.3817.4M
Procter & GamblePG69.6769.9468.9869.3916.1M
Abbott LaboratoriesABT54.2854.7253.6954.4415.1M
Walt Disney & Co.DIS34.0634.8934.0434.6014.7M
Gilead SciencesGILD39.6640.3739.2840.1311.2M
Bristol-Myers SquibbBMY28.5529.0628.5429.0010.5M
UnitedHealth GroupUNH50.1750.1749.7849.919.62M
International Business MachinesIBM117.89118.10116.35116.789.1M
United TechnologiesUTX79.5979.9578.7379.436.47M
Union PacificUNP113.00113.65112.06112.872.5M
Berkshire HathawayBRK.B3912.003950.003890.003890.0019.8K
Exchange Rates of September 21st, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.470 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.001 CAD1 CAD = 0.999 USD
US DollarSwiss Franc1 USD = 1.172 CHF1 CHF = 0.853 USD
US DollarChinese Yuan1 USD = 7.503 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 162.700 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.697 GBP1 GBP = 1.434 EUR
EuroAustralian Dollar1 EUR = 1.626 AUD1 AUD = 0.615 EUR
EuroCanadian Dollar1 EUR = 1.410 CAD1 CAD = 0.709 EUR
EuroSwiss Franc1 EUR = 1.651 CHF1 CHF = 0.606 EUR
Japanese YenPound Sterling1 JPY = 0.428 GBP1 GBP = 2.335 JPY
Japanese YenAustralian Dollar1 JPY = 0.999 AUD1 AUD = 1.001 JPY
Japanese YenCanadian Dollar1 JPY = 0.866 CAD1 CAD = 1.155 JPY
Japanese YenSwiss Franc1 JPY = 1.015 CHF1 CHF = 0.985 JPY
Pound SterlingAustralian Dollar1 GBP = 2.331 AUD1 AUD = 0.429 GBP
Pound SterlingCanadian Dollar1 GBP = 2.022 CAD1 CAD = 0.495 GBP
Pound SterlingSwiss Franc1 GBP = 2.368 CHF1 CHF = 0.422 GBP
Australian DollarCanadian Dollar1 AUD = 0.867 CAD1 CAD = 1.154 AUD
Australian DollarSwiss Franc1 AUD = 1.015 CHF1 CHF = 0.985 AUD
Canadian DollarSwiss Franc1 CAD = 1.171 CHF1 CHF = 0.854 CAD

See what else happened on September 21st, 2007