Financial news on October 03, 2007

Business and Financial news
A Day of Robots, Rocket Cycles and Lasers

Gadgetoff was the festival of the future that never was. Read more..

By SAUL HANSELL - The New York Times

Appeals Court Extends Time for Suit on Holocaust Insurance Payments

The extension potentially revived the long-running dispute over unpaid life insurance claims brought by victims of the Holocaust. Read more..

By JOSEPH B. TREASTER - The New York Times

A September Sales Drop of 18.2% Ends Dismal 2007 Model Year for Ford

G.M.’s U.S. sales were up 4 percent in September, while Honda’s increased 13.8 percent. But Toyota, Ford and Chrysler all sold fewer vehicles. Read more..

By NICK BUNKLEY - The New York Times

Buyout Group Alters Its Offer for Sallie Mae

A consortium led by the private equity firm, J. C. Flowers, offered $50 a share in cash for Sallie Mae, below the $60 a share they agreed to pay in April. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Confronting Failure and Winning

Murphy’s Law can test even the most nimble entrepreneurs. The question that invariably comes up is this: “Is it worth it?” Read more..

By BRENT BOWERS - The New York Times

Insider-Trading Inquiry at Airbus Owner Advances

The case in France centers on whether executives of E.A.D.S. and Airbus were aware of problems with production of the Airbus A380 when they exercised stock options. Read more..

By NICOLA CLARK - The New York Times

Japan: More Matsushita Plasma Panels

Matsushita said it would increase production capacity at one of its panel factories faster than scheduled to meet demand. Matsushita will triple the annual capacity at a factory in Hyogo Prefecture in western Japan to 6.6 million plasma panels by ... Read more..

By BLOOMBERG NEWS - The New York Times

Scrutiny for Insurers of the Aged

The top-ranking Republican on the Senate Finance Committee has asked 11 long-term care insurance companies to explain “troubling data” regarding how policyholders’ claims are handled and paid. Read more..

By CHARLES DUHIGG - The New York Times

TD Bank to Acquire Commerce

For Toronto-Dominion, the deal to buy Commerce Bancorp provides another way for the Canadian bank to overcome limited growth opportunities at home. Read more..

By IAN AUSTEN - The New York Times

When 2 Is Bigger Than 48

The economies of New Hampshire and Iowa are not similar to the rest of America, a fact that can’t help but skew the political debate. Read more..

By DAVID LEONHARDT - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 25.89 26.05 25.57 25.81 76.3M
Microsoft MSFT 29.71 29.85 29.29 29.45 37.6M
Cisco Systems CSCO 32.90 32.97 32.43 32.45 37.3M
Pfizer PFE 24.86 25.22 24.79 25.08 32.2M
General Electric GE 41.95 42.11 41.50 41.55 26.3M
Oracle Corp. ORCL 21.79 21.88 21.45 21.57 25.1M
Apple AAPL 157.78 159.18 157.01 157.92 24.7M
Comcast CMCSA 23.85 24.10 23.62 23.78 24.4M
Home Depot HD 33.27 34.21 33.24 33.87 20.4M
ExxonMobil XOM 91.63 91.68 90.72 91.33 18.1M
AT&T Inc. T 42.05 42.30 41.73 41.92 17.8M
Wal-Mart Stores WMT 44.69 45.60 44.49 45.13 17.1M
Wells Fargo & Co. WFC 36.48 37.12 36.34 37.00 16.8M
ConocoPhillips COP 84.39 84.76 83.49 84.06 15.7M
Bristol-Myers Squibb BMY 28.95 29.92 28.79 29.74 13.5M
UnitedHealth Group UNH 47.80 47.80 46.59 47.05 13.4M
JPMorgan Chase JPM 46.71 47.46 46.65 47.00 12.7M
HP Inc. HPQ 50.74 50.84 50.13 50.36 9.82M
Abbott Laboratories ABT 55.03 55.86 54.91 55.53 9.71M
Johnson & Johnson JNJ 65.87 66.80 65.82 66.10 9.38M
Amgen AMGN 55.92 56.38 55.18 55.52 8.8M
Chevron CVX 91.51 91.98 90.77 91.48 8.75M
Procter & Gamble PG 70.72 70.87 70.23 70.41 8.7M
Verizon Communications VZ 45.25 45.38 44.90 45.24 8.35M
Merck MRK 51.58 52.72 51.44 52.15 8.27M
International Business Machines IBM 117.65 117.84 116.28 116.40 7.91M
Altria MO 69.88 70.12 69.52 69.88 7.91M
Alphabet GOOGL 586.25 588.99 580.36 584.02 7.75M
Schlumberger SLB 105.81 106.25 104.71 105.76 6.44M
Coca-Cola KO 57.75 58.03 57.37 57.57 6.31M
McDonald's MCD 55.95 56.24 55.54 56.11 5.76M
Walt Disney & Co. DIS 34.60 34.97 34.54 34.72 5.72M
Pepsico PEP 73.60 73.70 73.20 73.47 5.14M
Amazon AMZN 92.19 92.80 91.78 92.46 5.05M
United Technologies UTX 80.40 80.70 79.39 79.67 4.4M
Gilead Sciences GILD 41.41 41.70 41.06 41.31 4.22M
Boeing BA 105.33 105.73 104.25 104.72 3.66M
3M MMM 93.66 94.79 93.47 94.19 2.83M
Union Pacific UNP 112.50 113.00 110.54 111.02 1.62M
Berkshire Hathaway BRK.B 3996.50 3999.00 3966.00 3982.00 12.6K
Exchange Rates of October 03, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.680 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.998 CAD 1 CAD = 1.002 USD
US Dollar Swiss Franc 1 USD = 1.180 CHF 1 CHF = 0.847 USD
US Dollar Chinese Yuan 1 USD = 7.506 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 164.430 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.693 GBP 1 GBP = 1.442 EUR
Euro Australian Dollar 1 EUR = 1.596 AUD 1 AUD = 0.627 EUR
Euro Canadian Dollar 1 EUR = 1.406 CAD 1 CAD = 0.711 EUR
Euro Swiss Franc 1 EUR = 1.663 CHF 1 CHF = 0.601 EUR
Japanese Yen Pound Sterling 1 JPY = 0.422 GBP 1 GBP = 2.372 JPY
Japanese Yen Australian Dollar 1 JPY = 0.970 AUD 1 AUD = 1.031 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.855 CAD 1 CAD = 1.170 JPY
Japanese Yen Swiss Franc 1 JPY = 1.011 CHF 1 CHF = 0.989 JPY
Pound Sterling Australian Dollar 1 GBP = 2.302 AUD 1 AUD = 0.434 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.028 CAD 1 CAD = 0.493 GBP
Pound Sterling Swiss Franc 1 GBP = 2.398 CHF 1 CHF = 0.417 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.880 CAD 1 CAD = 1.136 AUD
Australian Dollar Swiss Franc 1 AUD = 1.041 CHF 1 CHF = 0.960 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.182 CHF 1 CHF = 0.846 CAD

See what else happened on October 03, 2007