Financial news on October 16, 2007

Business and Financial news
Advertisers at a Convention on the Receiving End of Pitches

Attendees of the Association of National Advertisers conference said they were surprised by Al Gore’s playful remarks, which were at odds with their perceptions of him as stiff and robotic. Read more..

By STUART ELLIOTT - The New York Times

Dissension Arises Over Chrysler Contract

The contract between Chrysler and the U.A.W. split the union’s bargaining committee and did not receive unanimous approval, unlike the union’s deal with General Motors. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

For Yahoo, There’s No Place Like Home (Page)

Jerry Yang announced that Yahoo’s new strategy is the same as its old one: It wants to be your “starting point” for Web surfing and e-mail. He left out why people would start there. Read more..

By SAUL HANSELL - The New York Times

I.B.M. Reports a Solid Quarter, Aided by Services

I.B.M. quarterly sales and profits matched Wall Street’s expectations with the strong performance of its big services business. Read more..

By STEVE LOHR - The New York Times

In Data for Heart Devices, Parts Are a Blind Spot

Problems with Medtronic’s implanted heart devices underscore the lack of safety monitoring of such products, as well as a design trend that may make them more prone to failure. Read more..

By BARRY MEIER - The New York Times

Intel Exceeds Estimates With 43% Earnings Rise

The company reported quarterly net income of $1.86 billion on growing demand for personal computers. Read more..

By LAURIE J. FLYNN - The New York Times

New Ways to Think About Selling

To sell more, find out what problems your customers have and then explain why your product or service can help solve them. Read more..

By PAUL B. BROWN - The New York Times

Oil Closes Above $86 a Barrel

Tensions in the Middle East and uncertainties about the American economy propelled prices into record territory. Read more..

By JAD MOUAWAD - The New York Times

Thanks, but I’ll Have the Bat on a Stick Instead

When you spend more than 100 nights a year on the road as I do, the thought of one more four-hour $400 meal has me searching for my nearest escape route. Read more..

By BRICE J. BAY - The New York Times

Ubuntu Plans Eye Candy for Desktop Computers and Beyond

A new version of Linux offers 3D graphics to attract desktop computer users and eventually buyers of consumer electronics devices. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 25.72 25.98 25.27 25.48 108M
Microsoft MSFT 30.24 30.58 30.23 30.32 56.3M
Cisco Systems CSCO 32.38 32.50 31.85 32.29 51.9M
Pfizer PFE 24.91 24.98 24.53 24.63 44.6M
Apple AAPL 165.54 170.18 165.15 169.58 38.1M
General Electric GE 40.78 40.86 40.58 40.77 35.3M
Wells Fargo & Co. WFC 35.07 35.07 34.21 34.55 34.4M
Oracle Corp. ORCL 22.00 22.06 21.71 21.75 31.3M
Comcast CMCSA 23.94 24.29 23.85 24.20 28.6M
AT&T Inc. T 42.18 42.72 41.73 41.82 25M
JPMorgan Chase JPM 46.00 46.40 44.60 45.11 22.5M
ExxonMobil XOM 94.74 95.22 94.46 94.74 21.9M
Abbott Laboratories ABT 52.11 52.28 51.63 51.97 18.1M
Wal-Mart Stores WMT 46.28 46.30 45.58 45.86 18M
Verizon Communications VZ 44.68 45.13 44.53 44.93 17.6M
ConocoPhillips COP 86.20 88.15 86.03 87.80 16.5M
Home Depot HD 32.95 32.96 32.24 32.51 16M
Johnson & Johnson JNJ 65.77 66.00 64.61 65.07 14.3M
Alphabet GOOGL 618.49 625.92 611.99 616.00 12M
Altria MO 70.64 71.23 70.45 70.74 11.8M
International Business Machines IBM 118.02 119.94 117.50 119.60 11.5M
Chevron CVX 92.40 93.85 92.11 93.45 10.9M
Boeing BA 94.50 96.34 93.03 95.94 9.85M
Procter & Gamble PG 70.98 71.55 70.54 70.82 9.64M
McDonald's MCD 56.25 57.05 56.04 56.81 9.6M
Amgen AMGN 57.48 57.81 56.66 56.78 9.03M
Schlumberger SLB 111.50 113.41 111.22 112.09 9M
Bristol-Myers Squibb BMY 29.82 29.85 29.13 29.24 8.98M
Amazon AMZN 88.69 90.05 88.50 89.53 8.51M
Gilead Sciences GILD 42.09 42.63 41.13 42.40 8.31M
Merck MRK 53.18 53.31 52.68 53.03 8.13M
Walt Disney & Co. DIS 35.13 35.34 34.94 35.01 8.07M
HP Inc. HPQ 51.08 51.89 51.07 51.51 8.03M
Coca-Cola KO 57.67 58.10 57.43 57.76 7.11M
UnitedHealth Group UNH 48.91 49.11 48.36 48.50 6.46M
Pepsico PEP 71.06 72.05 71.05 71.87 5.7M
United Technologies UTX 80.13 80.73 79.13 79.65 4.01M
3M MMM 94.43 94.60 93.51 93.98 2.8M
Union Pacific UNP 117.42 117.50 114.88 116.18 2.07M
Berkshire Hathaway BRK.B 4212.00 4247.00 4202.00 4232.00 13.9K
Exchange Rates of October 16, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 116.860 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.979 CAD 1 CAD = 1.021 USD
US Dollar Swiss Franc 1 USD = 1.182 CHF 1 CHF = 0.846 USD
US Dollar Chinese Yuan 1 USD = 7.518 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 165.630 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.697 GBP 1 GBP = 1.434 EUR
Euro Australian Dollar 1 EUR = 1.593 AUD 1 AUD = 0.628 EUR
Euro Canadian Dollar 1 EUR = 1.387 CAD 1 CAD = 0.721 EUR
Euro Swiss Franc 1 EUR = 1.676 CHF 1 CHF = 0.597 EUR
Japanese Yen Pound Sterling 1 JPY = 0.421 GBP 1 GBP = 2.377 JPY
Japanese Yen Australian Dollar 1 JPY = 0.961 AUD 1 AUD = 1.040 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.837 CAD 1 CAD = 1.194 JPY
Japanese Yen Swiss Franc 1 JPY = 1.012 CHF 1 CHF = 0.989 JPY
Pound Sterling Australian Dollar 1 GBP = 2.284 AUD 1 AUD = 0.438 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.990 CAD 1 CAD = 0.503 GBP
Pound Sterling Swiss Franc 1 GBP = 2.403 CHF 1 CHF = 0.416 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.870 CAD 1 CAD = 1.149 AUD
Australian Dollar Swiss Franc 1 AUD = 1.052 CHF 1 CHF = 0.951 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.208 CHF 1 CHF = 0.828 CAD

See what else happened on October 16, 2007