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

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.78 23.17 22.68 22.76 55.3M
Microsoft MSFT 29.81 29.98 29.42 29.49 54M
AT&T Inc. T 37.63 37.97 37.60 37.75 53.5M
Facebook FB 22.08 22.59 21.73 21.99 51.3M
General Electric GE 22.73 23.00 22.71 22.81 42.6M
Cisco Systems CSCO 19.23 19.40 18.94 19.04 37.5M
Oracle Corp. ORCL 31.71 32.00 31.54 31.67 28.4M
Pfizer PFE 24.80 25.15 24.80 25.04 22.8M
JPMorgan Chase JPM 40.88 41.50 40.80 40.97 22M
HP Inc. HPQ 17.20 17.62 17.15 17.21 21.8M
Bristol-Myers Squibb BMY 33.79 34.13 33.78 33.91 20.4M
Apple AAPL 671.50 676.75 656.50 659.39 19.4M
Wells Fargo & Co. WFC 34.78 35.12 34.61 34.70 18.9M
Coca-Cola KO 38.16 38.60 38.15 38.38 16.7M
Comcast CMCSA 35.95 36.16 35.29 35.38 11.4M
Abbott Laboratories ABT 68.49 69.57 68.30 69.08 11.2M
ExxonMobil XOM 91.79 92.50 91.60 91.80 10.3M
Altria MO 33.38 33.91 33.37 33.64 9.84M
Johnson & Johnson JNJ 68.92 69.45 68.92 69.13 9.65M
Procter & Gamble PG 69.33 69.77 69.10 69.45 8.59M
Merck MRK 44.97 45.59 44.97 45.22 8.55M
Home Depot HD 60.77 60.85 60.34 60.57 8.54M
Gilead Sciences GILD 67.49 68.28 66.86 67.44 7.59M
General Motors GM 23.00 23.41 22.85 23.09 7.58M
Walt Disney & Co. DIS 52.31 52.86 51.92 52.07 6.56M
Alphabet GOOGL 759.05 765.00 756.21 761.78 6.33M
International Business Machines IBM 208.01 211.75 207.94 210.47 5.46M
McDonald's MCD 92.11 92.50 91.89 91.99 4.94M
Chevron CVX 116.92 118.25 116.87 117.25 4.91M
Berkshire Hathaway BRK.B 88.72 89.55 88.35 88.66 4.82M
ConocoPhillips COP 57.48 57.85 57.25 57.41 4.82M
Pepsico PEP 70.70 71.23 70.53 70.65 4.79M
Wal-Mart Stores WMT 73.80 74.49 73.80 74.05 4.66M
UnitedHealth Group UNH 55.72 56.56 55.52 56.46 4.42M
Schlumberger SLB 72.99 73.68 72.37 72.58 4.29M
Amgen AMGN 84.50 85.34 84.36 85.08 4.15M
Boeing BA 69.86 70.67 69.80 70.01 4.01M
3M MMM 92.90 94.27 92.21 93.29 3.9M
Visa V 134.87 137.90 134.87 136.73 3.68M
United Technologies UTX 78.56 79.37 78.18 78.35 3.52M
Amazon AMZN 255.40 256.16 250.49 252.01 2.58M
Union Pacific UNP 118.98 119.28 118.12 118.53 1.86M
Verizon Communications VZ 45.57 45.94 45.40 45.81 1.82M
Exchange Rates of October 01, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.990 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.982 CAD 1 CAD = 1.018 USD
US Dollar Swiss Franc 1 USD = 0.938 CHF 1 CHF = 1.066 USD
US Dollar Chinese Yuan 1 USD = 6.285 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 100.500 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.799 GBP 1 GBP = 1.252 EUR
Euro Australian Dollar 1 EUR = 1.244 AUD 1 AUD = 0.804 EUR
Euro Canadian Dollar 1 EUR = 1.266 CAD 1 CAD = 0.790 EUR
Euro Swiss Franc 1 EUR = 1.209 CHF 1 CHF = 0.827 EUR
Euro Chinese Yuan 1 EUR = 8.100 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.794 GBP 1 GBP = 1.259 JPY
Japanese Yen Australian Dollar 1 JPY = 1.237 AUD 1 AUD = 0.808 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.258 CAD 1 CAD = 0.795 JPY
Japanese Yen Swiss Franc 1 JPY = 1.203 CHF 1 CHF = 0.832 JPY
Pound Sterling Australian Dollar 1 GBP = 1.557 AUD 1 AUD = 0.642 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.584 CAD 1 CAD = 0.631 GBP
Pound Sterling Swiss Franc 1 GBP = 1.514 CHF 1 CHF = 0.661 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.139 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.017 CAD 1 CAD = 0.983 AUD
Australian Dollar Swiss Franc 1 AUD = 0.972 CHF 1 CHF = 1.029 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.510 CNY 1 CNY = 0.154 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.955 CHF 1 CHF = 1.047 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.398 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.696 CNY 1 CNY = 0.149 CHF

See what else happened on October 01, 2012