Financial news on October 01, 2012

Business and Financial news
A Gnome Is Home, but More Travel Beckons

Stuart Elliott Advertising column notes Travelocity is giving away a trip around the world as part of marketing campaign featuring its character Roaming Gnome. Read more..

By STUART ELLIOTT - The New York Times

American Express Says It Will Refund $85 Million

About 250,000 customers will be reimbursed as a result of accusations that the company violated federal law. Read more..

By JESSICA SILVER-GREENBERG - The New York Times

In Vermont, a Venerable Paper Fights for Readers

Burlington Free Press, Vermont's largest daily, is struggling despite making some radical changes, like a redesign and online pay wall; weekday circulation has fallen to 30,558 from 48,871 over last decade; readers' unenthusiastic reaction to changes reflects the broader challenges facing Gannett, which owns the paper, and other chains as they try to retool local papers for the digital age. Read more..

By CHRISTINE HAUGHNEY - The New York Times

Journalist Turns Idea Into Online Success

Natalie Massenet, founder of Net-A-Porter, the online luxury fashion retailer, emphasizes the importance of having the positive belief that you will succeed. Read more..

By JULIA WERDIGIER - International Herald Tribune

JPMorgan Unit Is Sued Over Mortgage Securities Pools

New York’s attorney general, under the aegis of a federal mortgage task force, filed a civil suit against Bear Stearns, now part of JPMorgan Chase, asserting that it defrauded investors who purchased mortgage securities. Read more..

By GRETCHEN MORGENSON - The New York Times

News From the Advertising Industry

Account assignments, executive appointments and miscellaneous news from advertising agencies. Read more..

By STUART ELLIOTT - The New York Times

Payroll Tax Cut Is Unlikely to Survive Into Next Year

A tax break for 160 million wage earners, pushed last winter by the White House, now finds little support in Washington, as Congress struggles with deficits and turns its attention to the Bush-era income tax cuts. Read more..

By ANNIE LOWREY - The New York Times

Ride-Sharing Services Grow Popular in Europe

One of the side effects of the European economic crisis is a surge in carpooling, as people from many walks of life seek to shrink their outlays on travel. Read more..

By ERIC PFANNER - International Herald Tribune

Tired Cries of Bias Don’t Help Romney

David Carr The Media Equation column rejects notion that the mainstream media are biased against conservative causes, citing some big players who do not peddle liberal theology; says many Republicans see bias against Mitt Romney lurking in every live shot, but the growing hegemony of conservative voices makes manufacturing a partisan conspiracy a practical impossibility. Read more..

By DAVID CARR - The New York Times

Winner Uses Contest Site and Loses Grand Prize

Theodore A Scott, winner of online contest sponsored by Coca-Cola tea brand Gold Peak Tea, is disqualified for using a Web site where people who enter crowdsourced digital sweepstakes ask members to vote for them; Gold Peak is just the latest company to try to create excitement for its brand on social media only to find that sentiment can quickly turn. Read more..

By TANZINA VEGA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC22,7823,1722,6822,7655.3M
MicrosoftMSFT29,8129,9829,4229,4954M
AT&T Inc.T37,6337,9737,6037,7553.5M
FacebookFB22,0822,5921,7321,9951.3M
General ElectricGE22,7323,0022,7122,8142.6M
Cisco SystemsCSCO19,2319,4018,9419,0437.5M
Oracle Corp.ORCL31,7132,0031,5431,6728.4M
PfizerPFE24,8025,1524,8025,0422.8M
JPMorgan ChaseJPM40,8841,5040,8040,9722M
HP Inc.HPQ17,2017,6217,1517,2121.8M
Bristol-Myers SquibbBMY33,7934,1333,7833,9120.4M
AppleAAPL671,50676,75656,50659,3919.4M
Wells Fargo & Co.WFC34,7835,1234,6134,7018.9M
Coca-ColaKO38,1638,6038,1538,3816.7M
ComcastCMCSA35,9536,1635,2935,3811.4M
Abbott LaboratoriesABT68,4969,5768,3069,0811.2M
ExxonMobilXOM91,7992,5091,6091,8010.3M
AltriaMO33,3833,9133,3733,649.84M
Johnson & JohnsonJNJ68,9269,4568,9269,139.65M
Procter & GamblePG69,3369,7769,1069,458.59M
MerckMRK44,9745,5944,9745,228.55M
Home DepotHD60,7760,8560,3460,578.54M
Gilead SciencesGILD67,4968,2866,8667,447.59M
General MotorsGM23,0023,4122,8523,097.58M
Walt Disney & Co.DIS52,3152,8651,9252,076.56M
AlphabetGOOGL759,05765,00756,21761,786.33M
International Business MachinesIBM208,01211,75207,94210,475.46M
McDonald'sMCD92,1192,5091,8991,994.94M
ChevronCVX116,92118,25116,87117,254.91M
Berkshire HathawayBRK.B88,7289,5588,3588,664.82M
ConocoPhillipsCOP57,4857,8557,2557,414.82M
PepsicoPEP70,7071,2370,5370,654.79M
Wal-Mart StoresWMT73,8074,4973,8074,054.66M
UnitedHealth GroupUNH55,7256,5655,5256,464.42M
SchlumbergerSLB72,9973,6872,3772,584.29M
AmgenAMGN84,5085,3484,3685,084.15M
BoeingBA69,8670,6769,8070,014.01M
3MMMM92,9094,2792,2193,293.9M
VisaV134,87137,90134,87136,733.68M
United TechnologiesUTX78,5679,3778,1878,353.52M
AmazonAMZN255,40256,16250,49252,012.58M
Union PacificUNP118,98119,28118,12118,531.86M
Verizon CommunicationsVZ45,5745,9445,4045,811.82M
Exchange Rates of October 01, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77,990 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 0,982 CAD1 CAD = 1,018 USD
US DollarSwiss Franc1 USD = 0,938 CHF1 CHF = 1,066 USD
US DollarChinese Yuan1 USD = 6,285 CNY1 CNY = 0,159 USD
EuroJapanese Yen1 EUR = 100,500 JPY1 JPY = 0,010 EUR
EuroPound Sterling1 EUR = 0,799 GBP1 GBP = 1,252 EUR
EuroAustralian Dollar1 EUR = 1,244 AUD1 AUD = 0,804 EUR
EuroCanadian Dollar1 EUR = 1,266 CAD1 CAD = 0,790 EUR
EuroSwiss Franc1 EUR = 1,209 CHF1 CHF = 0,827 EUR
EuroChinese Yuan1 EUR = 8,100 CNY1 CNY = 0,123 EUR
Japanese YenPound Sterling1 JPY = 0,794 GBP1 GBP = 1,259 JPY
Japanese YenAustralian Dollar1 JPY = 1,237 AUD1 AUD = 0,808 JPY
Japanese YenCanadian Dollar1 JPY = 1,258 CAD1 CAD = 0,795 JPY
Japanese YenSwiss Franc1 JPY = 1,203 CHF1 CHF = 0,832 JPY
Pound SterlingAustralian Dollar1 GBP = 1,557 AUD1 AUD = 0,642 GBP
Pound SterlingCanadian Dollar1 GBP = 1,584 CAD1 CAD = 0,631 GBP
Pound SterlingSwiss Franc1 GBP = 1,514 CHF1 CHF = 0,661 GBP
Pound SterlingChinese Yuan1 GBP = 10,139 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 1,017 CAD1 CAD = 0,983 AUD
Australian DollarSwiss Franc1 AUD = 0,972 CHF1 CHF = 1,029 AUD
Australian DollarChinese Yuan1 AUD = 6,510 CNY1 CNY = 0,154 AUD
Canadian DollarSwiss Franc1 CAD = 0,955 CHF1 CHF = 1,047 CAD
Canadian DollarChinese Yuan1 CAD = 6,398 CNY1 CNY = 0,156 CAD
Swiss FrancChinese Yuan1 CHF = 6,696 CNY1 CNY = 0,149 CHF

See what else happened on October 01, 2012