Financial news on September 28th, 2007

Business and Financial news
Artificial-Joint Makers Settle Kickback Case

Four of the nation’s biggest makers of artificial joints will pay a total of $310 million in fines to settle accusations that they paid kickbacks to surgeons. Read more..

By BARNABY J. FEDER - The New York Times

Del Monte Invests in India

Del Monte Pacific agreed to buy a 40.1 percent stake in FieldFresh Foods, an ambitious but so far unsuccessful venture created to “link Indian fields to the world.” Read more..

By HEATHER TIMMONS - The New York Times

Germany: Cost Cuts at BMW

Bayerische Motoren Werke will cut spending by 6 billion euros ($8.5 billion) over five years and change senior management after losing ground to the Mercedes Car Group of DaimlerChrysler. Read more..

By BLOOMBERG NEWS - The New York Times

Heidi Who?: Surveying the Top Women Bankers

Which former Citigroup chief financial officer can be found atop U.S. Banker magazine’s latest list of the 25 most powerful women in banking? Read more..

By DEALBOOK - The New York Times

Home Sales and Prices Fall Sharply

Sales of new homes dropped to the slowest pace in over seven years, foreshadowing further economic trouble ahead. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

I.M.F. Faces a Question of Identity

Dominique Strauss-Kahn, who was appointed to head the I.M.F., will inherit an organization struggling to find a purpose in a vastly changed financial world. Read more..

By STEVEN R. WEISMAN - The New York Times

Law Firms Go a Bit Hollywood to Recruit the YouTube Generation

Several law firms are creating recruiting videos and Web sites to attract law students to their firms. Read more..

By KAREN DONOVAN - The New York Times

More on Apple’s Latest Product, the iBrick

A few iPhone owners found that Apple stores will help revive phones disabled by yesterday’s software update. But others still have iBricks. Read more..

By SAUL HANSELL - The New York Times

Navigating to Nowhere on the iPhone

In less than two weeks, people downloaded 80,000 copies of the Navizon location software for the iPhone. It’s now useless after Apple’s phone software upgrade. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO33.1433.3832.9733.1333.8M
General ElectricGE41.2641.5041.1041.4029.7M
Home DepotHD32.8132.8132.3732.4424.7M
AT&T Inc.T42.5342.8042.0942.3124.3M
Oracle Corp.ORCL21.6621.8321.5621.6520.4M
Wells Fargo & Co.WFC35.8635.9835.4635.6215.9M
JPMorgan ChaseJPM46.0546.2145.5845.8215.6M
Wal-Mart StoresWMT43.6144.0043.5143.6513.1M
UnitedHealth GroupUNH49.0249.0248.0048.4312.9M
HP Inc.HPQ50.2150.3249.5549.7911M
Verizon CommunicationsVZ44.5544.6844.1744.2811M
Procter & GamblePG69.9570.4969.9170.349.75M
Bristol-Myers SquibbBMY28.8829.1228.7528.828.94M
Johnson & JohnsonJNJ65.5565.7565.3465.708.86M
Abbott LaboratoriesABT53.9154.1553.4153.628.57M
Walt Disney & Co.DIS34.2634.4233.9334.398.02M
International Business MachinesIBM117.14118.50117.10117.807.72M
Gilead SciencesGILD41.1041.2340.5740.875.28M
United TechnologiesUTX80.3180.9880.1180.483.2M
Union PacificUNP113.91114.67112.23113.061.05M
Berkshire HathawayBRK.B3912.003965.003898.003952.0015.2K
Exchange Rates of September 28th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.790 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.992 CAD1 CAD = 1.008 USD
US DollarSwiss Franc1 USD = 1.164 CHF1 CHF = 0.859 USD
US DollarChinese Yuan1 USD = 7.506 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 163.780 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.697 GBP1 GBP = 1.435 EUR
EuroAustralian Dollar1 EUR = 1.606 AUD1 AUD = 0.623 EUR
EuroCanadian Dollar1 EUR = 1.415 CAD1 CAD = 0.707 EUR
EuroSwiss Franc1 EUR = 1.661 CHF1 CHF = 0.602 EUR
Japanese YenPound Sterling1 JPY = 0.425 GBP1 GBP = 2.352 JPY
Japanese YenAustralian Dollar1 JPY = 0.980 AUD1 AUD = 1.020 JPY
Japanese YenCanadian Dollar1 JPY = 0.864 CAD1 CAD = 1.158 JPY
Japanese YenSwiss Franc1 JPY = 1.014 CHF1 CHF = 0.986 JPY
Pound SterlingAustralian Dollar1 GBP = 2.306 AUD1 AUD = 0.434 GBP
Pound SterlingCanadian Dollar1 GBP = 2.031 CAD1 CAD = 0.492 GBP
Pound SterlingSwiss Franc1 GBP = 2.383 CHF1 CHF = 0.420 GBP
Australian DollarCanadian Dollar1 AUD = 0.881 CAD1 CAD = 1.136 AUD
Australian DollarSwiss Franc1 AUD = 1.033 CHF1 CHF = 0.968 AUD
Canadian DollarSwiss Franc1 CAD = 1.173 CHF1 CHF = 0.853 CAD

See what else happened on September 28th, 2007