Financial news on October 5th, 2007

Business and Financial news
Alfred J. Audi, Who Revived a Furniture Maker, Dies at 69

Sensing a demand for Mission-style furniture, Mr. Audi built a large furniture maker and retailer on reproductions of the style. Read more..

By STEPHANIE SAUL - The New York Times

Bear Stearns, on Upswing, Sees No Need to Seek Cash

Though the firm was among the hardest hit in the subprime mortgage market collapse, executives at Bear Stearns said Thursday that they could weather the storm. Read more..

By BLOOMBERG NEWS - The New York Times

Brazil: Factory Output Tops Forecasts

Industrial output in Brazil climbed more than expected in August, fueling expectations that central bank policy makers may be ready to end two years of interest rate reductions. Read more..

By BLOOMBERG NEWS - The New York Times

Canada: Ad Campaign Gone Awry

What first appeared to be a case of criminal tampering with beer has turned out to be an ill-conceived marketing promotion. Read more..

By IAN AUSTEN - The New York Times

Canada: Central Bank Leader Named

Mark J. Carney, a former investment banker, has been chosen as the next governor of the Bank of Canada. Read more..

By IAN AUSTEN - The New York Times

Can a Plucky U.S. Economy Surmount $80 Oil?

As the economy may be starting to sputter from a weak housing market, will $80 oil begin to cause economic pain in a way that it hasn’t in nearly three decades? Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Does This Webcam Make Me Look Fat?

The latest variation in dating is speed dating combined with Webcasts. One can bet this is going to end up misused. Read more..

By BRAD STONE - The New York Times

Microsoft Offers System to Track Health Records

Microsoft’s long-anticipated drive into the consumer health care market will offer free personal health records that can be managed on the Web. Read more..

By STEVE LOHR - The New York Times

U.A.W. Talks to Focus Next on Chrysler

Having reached a tentative agreement with G.M., the U.A.W. said that it would now focus it’s negotiations on Chrysler. Read more..


When You Can’t Wait for a Favorite Program

TV Guide has introduced a new advertising campaign that highlights the brand’s offerings beyond hourly program listings. Read more..

By BRIAN STELTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32,3432,8132,2632,6536.3M
Oracle Corp.ORCL21,8622,3221,8122,1831.3M
General ElectricGE41,9342,0541,6941,7721.8M
AT&T Inc.T42,0942,2441,7642,1415.2M
Abbott LaboratoriesABT55,9055,9854,8455,0014M
JPMorgan ChaseJPM47,4547,8847,2847,5813.4M
Wal-Mart StoresWMT45,4545,8844,9745,3713.1M
Home DepotHD34,2034,5533,9034,2212.9M
HP Inc.HPQ50,6651,2350,5550,9011.7M
Wells Fargo & Co.WFC37,4937,7836,9737,4711.6M
Procter & GamblePG70,9071,3270,5870,8310.3M
Johnson & JohnsonJNJ66,3066,4066,2066,259.41M
Verizon CommunicationsVZ45,3245,4545,0245,228.69M
Bristol-Myers SquibbBMY29,8530,2029,7230,098.59M
UnitedHealth GroupUNH47,4448,0247,3847,707.7M
Walt Disney & Co.DIS35,0935,6035,0335,477.32M
Gilead SciencesGILD41,7542,3041,0042,116.32M
International Business MachinesIBM116,17116,71115,47116,305.75M
United TechnologiesUTX80,2481,1580,2480,844.04M
Union PacificUNP113,00117,99113,00117,353.43M
Berkshire HathawayBRK.B3960,004029,003960,004029,0019K
Exchange Rates of October 5th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116,970 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 0,980 CAD1 CAD = 1,020 USD
US DollarSwiss Franc1 USD = 1,178 CHF1 CHF = 0,849 USD
US DollarChinese Yuan1 USD = 7,506 CNY1 CNY = 0,133 USD
EuroJapanese Yen1 EUR = 165,350 JPY1 JPY = 0,006 EUR
EuroPound Sterling1 EUR = 0,692 GBP1 GBP = 1,445 EUR
EuroAustralian Dollar1 EUR = 1,575 AUD1 AUD = 0,635 EUR
EuroCanadian Dollar1 EUR = 1,386 CAD1 CAD = 0,722 EUR
EuroSwiss Franc1 EUR = 1,665 CHF1 CHF = 0,601 EUR
Japanese YenPound Sterling1 JPY = 0,418 GBP1 GBP = 2,391 JPY
Japanese YenAustralian Dollar1 JPY = 0,952 AUD1 AUD = 1,051 JPY
Japanese YenCanadian Dollar1 JPY = 0,838 CAD1 CAD = 1,194 JPY
Japanese YenSwiss Franc1 JPY = 1,007 CHF1 CHF = 0,993 JPY
Pound SterlingAustralian Dollar1 GBP = 2,275 AUD1 AUD = 0,440 GBP
Pound SterlingCanadian Dollar1 GBP = 2,002 CAD1 CAD = 0,499 GBP
Pound SterlingSwiss Franc1 GBP = 2,406 CHF1 CHF = 0,416 GBP
Australian DollarCanadian Dollar1 AUD = 0,879 CAD1 CAD = 1,137 AUD
Australian DollarSwiss Franc1 AUD = 1,057 CHF1 CHF = 0,946 AUD
Canadian DollarSwiss Franc1 CAD = 1,201 CHF1 CHF = 0,832 CAD

See what else happened on October 5th, 2007