Financial news on October 16th, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO32.3832.5031.8532.2951.9M
General ElectricGE40.7840.8640.5840.7735.3M
Wells Fargo & Co.WFC35.0735.0734.2134.5534.4M
Oracle Corp.ORCL22.0022.0621.7121.7531.3M
AT&T Inc.T42.1842.7241.7341.8225M
JPMorgan ChaseJPM46.0046.4044.6045.1122.5M
Abbott LaboratoriesABT52.1152.2851.6351.9718.1M
Wal-Mart StoresWMT46.2846.3045.5845.8618M
Verizon CommunicationsVZ44.6845.1344.5344.9317.6M
Home DepotHD32.9532.9632.2432.5116M
Johnson & JohnsonJNJ65.7766.0064.6165.0714.3M
International Business MachinesIBM118.02119.94117.50119.6011.5M
Procter & GamblePG70.9871.5570.5470.829.64M
Bristol-Myers SquibbBMY29.8229.8529.1329.248.98M
Gilead SciencesGILD42.0942.6341.1342.408.31M
Walt Disney & Co.DIS35.1335.3434.9435.018.07M
HP Inc.HPQ51.0851.8951.0751.518.03M
UnitedHealth GroupUNH48.9149.1148.3648.506.46M
United TechnologiesUTX80.1380.7379.1379.654.01M
Union PacificUNP117.42117.50114.88116.182.07M
Berkshire HathawayBRK.B4212.004247.004202.004232.0013.9K
Exchange Rates of October 16th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 116.860 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.979 CAD1 CAD = 1.021 USD
US DollarSwiss Franc1 USD = 1.182 CHF1 CHF = 0.846 USD
US DollarChinese Yuan1 USD = 7.518 CNY1 CNY = 0.133 USD
EuroJapanese Yen1 EUR = 165.630 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.697 GBP1 GBP = 1.434 EUR
EuroAustralian Dollar1 EUR = 1.593 AUD1 AUD = 0.628 EUR
EuroCanadian Dollar1 EUR = 1.387 CAD1 CAD = 0.721 EUR
EuroSwiss Franc1 EUR = 1.676 CHF1 CHF = 0.597 EUR
Japanese YenPound Sterling1 JPY = 0.421 GBP1 GBP = 2.377 JPY
Japanese YenAustralian Dollar1 JPY = 0.961 AUD1 AUD = 1.040 JPY
Japanese YenCanadian Dollar1 JPY = 0.837 CAD1 CAD = 1.194 JPY
Japanese YenSwiss Franc1 JPY = 1.012 CHF1 CHF = 0.989 JPY
Pound SterlingAustralian Dollar1 GBP = 2.284 AUD1 AUD = 0.438 GBP
Pound SterlingCanadian Dollar1 GBP = 1.990 CAD1 CAD = 0.503 GBP
Pound SterlingSwiss Franc1 GBP = 2.403 CHF1 CHF = 0.416 GBP
Australian DollarCanadian Dollar1 AUD = 0.870 CAD1 CAD = 1.149 AUD
Australian DollarSwiss Franc1 AUD = 1.052 CHF1 CHF = 0.951 AUD
Canadian DollarSwiss Franc1 CAD = 1.208 CHF1 CHF = 0.828 CAD

See what else happened on October 16th, 2007