Financial news on September 26th, 2007

Business and Financial news
Banks Urging U.S. to Adopt the Trading of Emissions

A group representing some of the world’s leading banks will urge the U.S. to introduce a lightly regulated system for trading carbon emissions permits. Read more..

By JAMES KANTER - The New York Times

EchoStar to Acquire Sling Media

Satellite television provider EchoStar Communications has agreed to acquire Sling Media in a deal that values the maker of the Slingbox device at $380 million. Read more..

By LAURA M. HOLSON - The New York Times

Google’s Washington Hazing for Its DoubleClick Deal

A Senate panel will look at Google’s proposed acquisition of DoubleClick on Thursday. After a lot of discussion about privacy, the consensus seems to be that the deal will be approved this fall. Read more..

By SAUL HANSELL - The New York Times

Halo 3 Arrives, Rewarding Gamers, and Microsoft

Microsoft hopes that the new version of Halo, which is exclusive to the Xbox 360, will persuade more consumers to choose its game machine over others. Read more..

By SETH SCHIESEL - The New York Times

House Panel Approves a Trade Pact With Peru

A trade pact between the United States and Peru won bipartisan support, signaling that some Democrats will be receptive to trade deals that adhere to certain labor and environmental standards. Read more..

By STEVEN R. WEISMAN - The New York Times

Indian Tycoon Invests in Plane Maker

Vijay Mallya, the chief executive of India’s fast-growing Kingfisher Airlines, has purchased a 50-percent stake in Epic Aircraft, a maker of small planes based in Oregon. Read more..

By HEATHER TIMMONS - The New York Times

M.I.A.: ‘Veterans of the War Against Microsoft’

Pondering the meaning of a mysterious sign in Microsoft’s New York offices. Read more..

By DAVID F. GALLAGHER - The New York Times

Microsoft Takes Aim at Google’s Ad Supremacy

Microsoft is taking solid aim at a business that is arguably outside its core competence: advertising. Read more..

By LOUISE STORY - The New York Times

Sales of Existing Homes Declined 4.3% in August

The annual sales rate fell to 5.50 million from 5.75 million in July, the steepest percentage decline since March. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Samsung’s Nanotech Washer Must Follow Bug-Spray Rules

The Environmental Protection Agency will evaluate a washing machine made by Samsung under pesticide rules because it generates and mixes silver ions into loads of laundry to kill bacteria and other microbes. Read more..

By BARNABY J. FEDER - The New York Times

Vonage Infringed 6 Patents of Sprint, U.S. Jury Rules

The provider of Internet phone service infringed on Sprint Nextel’s patents and should pay $69.5 million in damages, a federal jury ruled. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32.6533.0032.6032.9964.9M
Oracle Corp.ORCL22.0022.0221.5021.7732.5M
General ElectricGE41.1841.5040.9641.2732M
Wal-Mart StoresWMT43.3043.6042.9543.3019.1M
AT&T Inc.T42.7742.9542.7142.8319.1M
Home DepotHD33.2033.3832.8132.9918.5M
JPMorgan ChaseJPM46.2646.6945.7446.1317.5M
Abbott LaboratoriesABT54.2554.6753.5454.0015.7M
Wells Fargo & Co.WFC36.2036.2535.6535.8514.5M
HP Inc.HPQ50.9951.0950.4650.6213.8M
Johnson & JohnsonJNJ65.0265.6364.8665.3912.5M
Procter & GamblePG69.9170.7369.6670.5110.5M
Verizon CommunicationsVZ44.3344.5544.2644.4810M
Walt Disney & Co.DIS34.2734.5834.1934.528.42M
UnitedHealth GroupUNH49.5249.5449.1349.318.04M
Bristol-Myers SquibbBMY28.6229.0528.5028.897.79M
International Business MachinesIBM116.94118.08116.75117.306.7M
Gilead SciencesGILD41.0141.3740.4640.806.4M
United TechnologiesUTX79.9180.7579.6180.204.65M
Union PacificUNP111.80113.18111.31112.364.28M
Berkshire HathawayBRK.B3891.003910.003881.003899.0018.5K
Exchange Rates of September 26th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.450 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.004 CAD1 CAD = 0.996 USD
US DollarSwiss Franc1 USD = 1.170 CHF1 CHF = 0.855 USD
US DollarChinese Yuan1 USD = 7.515 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 163.160 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.701 GBP1 GBP = 1.427 EUR
EuroAustralian Dollar1 EUR = 1.611 AUD1 AUD = 0.621 EUR
EuroCanadian Dollar1 EUR = 1.419 CAD1 CAD = 0.705 EUR
EuroSwiss Franc1 EUR = 1.653 CHF1 CHF = 0.605 EUR
Japanese YenPound Sterling1 JPY = 0.429 GBP1 GBP = 2.329 JPY
Japanese YenAustralian Dollar1 JPY = 0.987 AUD1 AUD = 1.013 JPY
Japanese YenCanadian Dollar1 JPY = 0.869 CAD1 CAD = 1.150 JPY
Japanese YenSwiss Franc1 JPY = 1.013 CHF1 CHF = 0.987 JPY
Pound SterlingAustralian Dollar1 GBP = 2.299 AUD1 AUD = 0.435 GBP
Pound SterlingCanadian Dollar1 GBP = 2.024 CAD1 CAD = 0.494 GBP
Pound SterlingSwiss Franc1 GBP = 2.357 CHF1 CHF = 0.424 GBP
Australian DollarCanadian Dollar1 AUD = 0.880 CAD1 CAD = 1.136 AUD
Australian DollarSwiss Franc1 AUD = 1.025 CHF1 CHF = 0.976 AUD
Canadian DollarSwiss Franc1 CAD = 1.165 CHF1 CHF = 0.859 CAD

See what else happened on September 26th, 2007