Financial news on October 14th, 2011

Business and Financial news
A Bike to Take You to the Far Ends of the Earth, or the Supermarket

Owners of adventure bikes want machines that will go anywhere, even if there’s no actual chance they’ll go to the Andes or even the Dakar Rally. Read more..

By DEXTER FORD - The New York Times

Auditors Scrutinizing Wall Street Journal Europe's Circulation

The figures are being examined by British auditors after a newspaper referred to a complex sponsorship deal as a circulation "scam." Read more..

By ERIC PFANNER - International Herald Tribune

A Vision for Saab, Perhaps Too Late to Save It

Automobile designer Jason Castriota, who has helped create several famous cars, will lead design team at Saab; hopes to revive struggling company. Read more..

By PHIL PATTON - The New York Times

Bank Rules That Serve Two Masters

Floyd Norris High & Low Finance column says split Congress is making muddle of Dodd-Frank financial reform law; notes key components of law, ban on proprietary trading and rule that mortgage lenders must retain at least 10 percent risk on loans, are being significantly watered down. Read more..

By FLOYD NORRIS - The New York Times

Leader Named at Solar Company

Bankruptcy court approves hiring of R Todd Neilson, who as chief restructuring officer will lead California energy company Solyndra as it struggles to emerge from bankruptcy. Read more..

By THE NEW YORK TIMES - The New York Times

Outlook Brightens for U.S. Gas Exports

Reuters BreakingViews column; America's 'clean' natural gas is fetching four times its price in Asia, but prices would need to remain elevated for decades in order to justify massive infrastructure investments required to make exports possible; Euro zone leaders may be trying to tweak Greece's debt swap to impose marginally deeper losses on private creditors. Read more..


Toyota and Honda Bounce Back

Japanese automakers have resumed full operation after March earthquake and tsunami, but it will take until early 2012 for dealers to be restocked and back to normal; disruption means sales losses for Toyota and Honda in a year when they could have made big gains due to demand for fuel-efficient vehicles. Read more..

By NICK BUNKLEY - The New York Times

U.S. and China Data Highlight Weakness in Global Economy

Figures on trade in both of the world’s largest economies signaled slower growth. Read more..

By JOSHUA BRUSTEIN - The New York Times

What Compromise?

Improvements in engine technology are allowing drivers to select vehicles in virtually every market segment without compromising on fuel technology; automakers are implementing changes to meet stiff future mileage standards. Read more..

By BILL VLASIC - The New York Times

YouTube Makes the Case That It Helps Build Brands

Claire Cain Miller Advertising column notes that YouTube is trying to evolve into a destination that attracts professionally produced videos as well as amateur submissions; says strategy is a bid to lure TV ad dollars. Read more..

By CLAIRE CAIN MILLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
JPMorgan ChaseJPM31.8732.3231.4031.8951.9M
General ElectricGE16.4216.6516.4016.6045.1M
Cisco SystemsCSCO17.5417.6717.3517.5543.9M
Wells Fargo & Co.WFC26.5926.7925.8026.6739.5M
AT&T Inc.T29.3729.4328.9729.1723.8M
Oracle Corp.ORCL31.5631.8631.2731.8523.6M
Bristol-Myers SquibbBMY32.9433.0032.1832.4416.4M
General MotorsGM23.6824.1623.3624.1614.8M
HP Inc.HPQ26.0226.3425.9126.1112M
Wal-Mart StoresWMT55.2855.4754.6355.4610.7M
Walt Disney & Co.DIS34.0234.5333.9134.4710.7M
Abbott LaboratoriesABT52.4052.7652.3152.739.49M
Verizon CommunicationsVZ37.2937.3637.0937.339.25M
Home DepotHD34.8235.0834.4935.057.65M
Procter & GamblePG65.0065.1764.3764.897.49M
Johnson & JohnsonJNJ64.6964.7464.1764.726.68M
UnitedHealth GroupUNH47.2247.3546.5347.226.07M
International Business MachinesIBM188.19190.53187.73190.535.37M
Berkshire HathawayBRK.B74.8174.8973.7574.755.02M
Gilead SciencesGILD40.8440.8940.1040.434.79M
United TechnologiesUTX74.4574.8573.9974.643.16M
Union PacificUNP91.2392.0090.4991.971.8M
Exchange Rates of October 14th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77.210 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.010 CAD1 CAD = 0.990 USD
US DollarSwiss Franc1 USD = 0.893 CHF1 CHF = 1.120 USD
US DollarChinese Yuan1 USD = 6.379 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 107.150 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.877 GBP1 GBP = 1.140 EUR
EuroAustralian Dollar1 EUR = 1.342 AUD1 AUD = 0.745 EUR
EuroCanadian Dollar1 EUR = 1.401 CAD1 CAD = 0.714 EUR
EuroSwiss Franc1 EUR = 1.237 CHF1 CHF = 0.808 EUR
EuroChinese Yuan1 EUR = 8.856 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.818 GBP1 GBP = 1.222 JPY
Japanese YenAustralian Dollar1 JPY = 1.252 AUD1 AUD = 0.799 JPY
Japanese YenCanadian Dollar1 JPY = 1.307 CAD1 CAD = 0.765 JPY
Japanese YenSwiss Franc1 JPY = 1.155 CHF1 CHF = 0.866 JPY
Pound SterlingAustralian Dollar1 GBP = 1.529 AUD1 AUD = 0.654 GBP
Pound SterlingCanadian Dollar1 GBP = 1.597 CAD1 CAD = 0.626 GBP
Pound SterlingSwiss Franc1 GBP = 1.412 CHF1 CHF = 0.708 GBP
Pound SterlingChinese Yuan1 GBP = 10.095 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 1.044 CAD1 CAD = 0.958 AUD
Australian DollarSwiss Franc1 AUD = 0.921 CHF1 CHF = 1.086 AUD
Australian DollarChinese Yuan1 AUD = 6.602 CNY1 CNY = 0.151 AUD
Canadian DollarSwiss Franc1 CAD = 0.883 CHF1 CHF = 1.132 CAD
Canadian DollarChinese Yuan1 CAD = 6.318 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 7.149 CNY1 CNY = 0.140 CHF

See what else happened on October 14th, 2011