Financial news on October 15, 2007

Business and Financial news
Banks to Start Fund to Protect Credit Market

Citigroup, Bank of America and JPMorgan Chase plan to create a $75 billion to $100 billion fund to buy bonds and other debt at a time when many investors are avoiding them. Read more..

By VIKAS BAJAJ - The New York Times

Celebrities Off Guard? ‘TMZ’ Is a Hit

The early success of “TMZ,” a new syndicated TV show based on the popular Web site of the same name, shows just how valuable the celebrity news niche has become. Read more..

By BRIAN STELTER - The New York Times

Citigroup Profit Fell 57% in Third Quarter

The setback for the global banking giant, which sent the stock market into a sharp decline, was the latest fallout from the subprime mortgage crisis. Read more..

By ERIC DASH - The New York Times

Clear the Bookshelf and Fill It Up Again, All Online

BookMooch’s co-founder said the books that move well on the book-swapping site are the same kinds of books that sell well at a bookstore: fiction and self-help. Read more..

By JOANNE KAUFMAN - The New York Times

Gawker Kerfuffle, in Plain View

Turf battles between editorial and advertising departments are nothing new, but this one played out in real time, with readers as spectators. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Group Plans to Provide Investigative Journalism

Pro Publica hopes to fill in recent cutbacks in investigative reporting by giving away its work to newspapers and magazines where it will make the strongest impression. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Medtronic Predicts Drop in Sales

Medtronic said it expected revenue to fall by as much as 7 percent as a result of problems with a component in the most recent model of its heart defibrillator. Read more..

By BARNABY J. FEDER - The New York Times

P.&G., the Pioneer of Mixing Soap and Drama, Adds a Web Installment

The consumer products giant has created “Crescent Heights,” a new online soap opera that aims to reach young viewers where they watch most — their PCs and cellphones. Read more..

By BOB TEDESCHI - The New York Times

Tax Campaign by Toronto Brings a Bill From the Mint

After the Royal Canadian Mint told Toronto officials they needed permission to use the penny’s image, it billed the city 20,000 Canadian dollars. So far, Toronto has refused to pay. Read more..

By IAN AUSTEN - The New York Times

Tuesday Is Layoff Day at AOL

When employees walk into AOL offices Tuesday morning, 1,200 of them will be quickly pulled aside by their managers. Read more..

By SAUL HANSELL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 25,67 26,07 25,57 25,75 74.6M
Microsoft MSFT 30,09 30,33 30,00 30,04 47.2M
Pfizer PFE 25,25 25,34 24,86 25,00 42.5M
General Electric GE 40,90 40,94 40,41 40,82 39.8M
Apple AAPL 167,98 169,57 163,50 166,98 38.5M
Cisco Systems CSCO 32,92 33,14 32,51 32,79 34.7M
Oracle Corp. ORCL 22,44 22,58 21,82 22,07 34.2M
ExxonMobil XOM 94,24 95,15 94,15 94,82 25.5M
AT&T Inc. T 42,01 42,70 42,01 42,19 18.8M
JPMorgan Chase JPM 46,77 46,82 45,79 46,27 16.6M
Wal-Mart Stores WMT 47,01 47,07 46,26 46,45 16.4M
Abbott Laboratories ABT 52,71 52,77 51,36 51,92 16.2M
Wells Fargo & Co. WFC 35,97 36,23 35,58 35,95 15M
Home Depot HD 33,45 33,65 32,82 33,01 14.9M
Verizon Communications VZ 45,49 45,75 44,25 44,63 14.7M
Comcast CMCSA 24,03 24,05 23,70 23,90 14.5M
Alphabet GOOGL 638,47 639,86 615,55 620,11 13.9M
ConocoPhillips COP 86,60 86,86 85,48 86,36 12.2M
Amgen AMGN 58,95 59,08 57,45 57,67 10.4M
McDonald's MCD 57,29 57,35 55,93 56,19 9.41M
Johnson & Johnson JNJ 65,95 66,16 65,41 65,65 9.2M
Chevron CVX 92,27 92,94 91,98 92,33 8.49M
Schlumberger SLB 111,68 114,84 110,77 111,39 8.37M
Procter & Gamble PG 71,65 71,90 70,67 71,00 8.23M
Boeing BA 95,98 96,50 94,45 94,83 8.07M
UnitedHealth Group UNH 49,75 49,75 48,75 48,93 8.02M
Bristol-Myers Squibb BMY 29,81 29,88 29,53 29,73 7.79M
Gilead Sciences GILD 43,56 43,90 41,77 42,01 7.49M
HP Inc. HPQ 51,55 51,90 50,81 51,24 7.42M
Altria MO 70,25 70,54 69,71 70,37 7.17M
Merck MRK 54,00 54,00 53,09 53,29 7.07M
Pepsico PEP 71,65 71,97 70,79 71,35 7.04M
Coca-Cola KO 58,09 58,23 57,16 57,64 6.9M
Walt Disney & Co. DIS 35,37 35,49 34,86 35,14 6.69M
International Business Machines IBM 117,95 118,37 116,75 118,03 6.27M
Amazon AMZN 91,80 92,12 90,10 90,53 5.61M
United Technologies UTX 81,17 81,17 79,27 79,87 3.24M
3M MMM 94,18 94,73 93,53 94,39 3.03M
Union Pacific UNP 119,22 119,82 116,62 118,16 1.92M
Berkshire Hathaway BRK.B 4250,00 4257,00 4188,00 4208,00 20.2K
Exchange Rates of October 15, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 117,420 JPY 1 JPY = 0,009 USD
US Dollar Canadian Dollar 1 USD = 0,976 CAD 1 CAD = 1,025 USD
US Dollar Swiss Franc 1 USD = 1,180 CHF 1 CHF = 0,848 USD
US Dollar Chinese Yuan 1 USD = 7,528 CNY 1 CNY = 0,133 USD
Euro Japanese Yen 1 EUR = 166,890 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,696 GBP 1 GBP = 1,438 EUR
Euro Australian Dollar 1 EUR = 1,578 AUD 1 AUD = 0,634 EUR
Euro Canadian Dollar 1 EUR = 1,387 CAD 1 CAD = 0,721 EUR
Euro Swiss Franc 1 EUR = 1,677 CHF 1 CHF = 0,596 EUR
Japanese Yen Pound Sterling 1 JPY = 0,417 GBP 1 GBP = 2,400 JPY
Japanese Yen Australian Dollar 1 JPY = 0,945 AUD 1 AUD = 1,058 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,831 CAD 1 CAD = 1,204 JPY
Japanese Yen Swiss Franc 1 JPY = 1,005 CHF 1 CHF = 0,995 JPY
Pound Sterling Australian Dollar 1 GBP = 2,268 AUD 1 AUD = 0,441 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,994 CAD 1 CAD = 0,502 GBP
Pound Sterling Swiss Franc 1 GBP = 2,410 CHF 1 CHF = 0,415 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,878 CAD 1 CAD = 1,138 AUD
Australian Dollar Swiss Franc 1 AUD = 1,062 CHF 1 CHF = 0,942 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,209 CHF 1 CHF = 0,827 CAD

See what else happened on October 15, 2007