Financial news on October 15th, 2007
Business and Financial news
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..
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..
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..
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..
Turf battles between editorial and advertising departments are nothing new, but this one played out in real time, with readers as spectators. Read more..
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..
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..
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..
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..
When employees walk into AOL offices Tuesday morning, 1,200 of them will be quickly pulled aside by their managers. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||35.97||36.23||35.58||35.95||15M|
|Johnson & Johnson||JNJ||65.95||66.16||65.41||65.65||9.2M|
|Procter & Gamble||PG||71.65||71.90||70.67||71.00||8.23M|
|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|
Exchange Rates of October 15th, 2007
|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|