Financial news on October 16th, 2009

Business and Financial news
At ABC, Cougars Are O.K., but Not Always

“Cougar Town,” which had its premiere on Sept. 23, was criticized by the Parents Television Council for its “tawdry sexual content.” Read more..

By ANDREW ADAM NEWMAN - The New York Times

Bank Earnings Show Shifting Landscape of Wall Street

Earnings reports from Goldman Sachs and Citigroup were both better than expected, but they also highlighted the political and financial obstacles facing each bank. Read more..

By ERIC DASH and GRAHAM BOWLEY - The New York Times

Bill Shields Most Banks From Review

The House vote, mostly along party lines, was a big step for President Obama’s proposed overhaul of rules covering the nation’s financial system. Read more..

By STEPHEN LABATON - The New York Times

Bonuses Put Goldman in Public Relations Bind

While most Americans are still waiting for an economic recovery, Goldman and its employees are enjoying one of the richest periods in the bank’s 140-year history Read more..

By GRAHAM BOWLEY - The New York Times

Detroit Automakers’ Rosy Outlook Defies Reality

Industry sales would have to be surprisingly strong through the end of the year to reach some predictions for total 2009 sales. Read more..

By ANTONY CURRIE - The New York Times

For Financial Planners, a Year of Tough Questions

Five planners discuss the hard questions they faced from their worried clients, and some of the answers they gave. Read more..

By RON LIEBER - The New York Times

In Shift From ’08, Holiday Airfare Is Soaring Daily

Last year’s last-minute deals aren’t likely to be repeated as airlines trim schedules and raise fares. Read more..

By MICHELLE HIGGINS - The New York Times

Panel Finds Shortcomings in Bone Study

An investigation of a Medtronic bone treatment study found instances of research misconduct but failed to find proof that it contained falsified data. Read more..

By BARRY MEIER - The New York Times

Surveys Find Need for Post-Crisis Investment in Eastern Europe

Poland, the Czech Republic and Slovakia now need a big boost in investments and easier access to financing if they are to regain lost ground, according to two regional surveys. Read more..

By JUDY DEMPSEY - International Herald Tribune

Weak Dollar? Not So Much in China

Despite all the talk, it appears that the dollar is not getting either weaker or stronger. Read more..

By FLOYD NORRIS - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16,3516,4115,8516,08182M
Oracle Corp.ORCL21,2022,0321,1821,8165.1M
Wells Fargo & Co.WFC30,5830,6329,8330,0257.5M
Cisco SystemsCSCO24,1024,1323,7024,0238M
JPMorgan ChaseJPM46,7046,8846,0046,0637.5M
AT&T Inc.T25,8025,8825,5625,7034.9M
Verizon CommunicationsVZ29,0229,2228,8728,9022.8M
HP Inc.HPQ47,8348,4147,4548,3719.5M
International Business MachinesIBM123,15123,70121,25121,6419.2M
Abbott LaboratoriesABT51,6251,8851,3351,4318.1M
Wal-Mart StoresWMT50,8051,4150,6251,2216.5M
Johnson & JohnsonJNJ60,5760,7160,2560,4613.9M
UnitedHealth GroupUNH24,7124,9624,3324,4512.4M
Procter & GamblePG57,1257,6957,1057,4412.2M
Home DepotHD27,1527,3726,8427,2612.1M
Walt Disney & Co.DIS29,0229,5228,8129,4012M
United TechnologiesUTX64,1665,0964,1264,896.21M
Gilead SciencesGILD46,4946,5145,9446,175.8M
Bristol-Myers SquibbBMY23,0523,1122,8322,884.88M
Union PacificUNP62,1563,7962,0063,533.41M
Berkshire HathawayBRK.B3330,003350,503302,503306,0033.2K
Exchange Rates of October 16th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,870 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,037 CAD1 CAD = 0,965 USD
US DollarSwiss Franc1 USD = 1,018 CHF1 CHF = 0,982 USD
US DollarChinese Yuan1 USD = 6,828 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 135,450 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,911 GBP1 GBP = 1,097 EUR
EuroAustralian Dollar1 EUR = 1,626 AUD1 AUD = 0,615 EUR
EuroCanadian Dollar1 EUR = 1,545 CAD1 CAD = 0,647 EUR
EuroSwiss Franc1 EUR = 1,517 CHF1 CHF = 0,659 EUR
EuroChinese Yuan1 EUR = 10,177 CNY1 CNY = 0,098 EUR
Japanese YenPound Sterling1 JPY = 0,672 GBP1 GBP = 1,488 JPY
Japanese YenAustralian Dollar1 JPY = 1,200 AUD1 AUD = 0,834 JPY
Japanese YenCanadian Dollar1 JPY = 1,140 CAD1 CAD = 0,877 JPY
Japanese YenSwiss Franc1 JPY = 1,120 CHF1 CHF = 0,893 JPY
Pound SterlingAustralian Dollar1 GBP = 1,784 AUD1 AUD = 0,560 GBP
Pound SterlingCanadian Dollar1 GBP = 1,696 CAD1 CAD = 0,590 GBP
Pound SterlingSwiss Franc1 GBP = 1,665 CHF1 CHF = 0,601 GBP
Australian DollarCanadian Dollar1 AUD = 0,950 CAD1 CAD = 1,053 AUD
Australian DollarSwiss Franc1 AUD = 0,933 CHF1 CHF = 1,072 AUD
Australian DollarChinese Yuan1 AUD = 6,257 CNY1 CNY = 0,160 AUD
Canadian DollarSwiss Franc1 CAD = 0,981 CHF1 CHF = 1,019 CAD
Canadian DollarChinese Yuan1 CAD = 6,585 CNY1 CNY = 0,152 CAD
Swiss FrancChinese Yuan1 CHF = 6,707 CNY1 CNY = 0,149 CHF

See what else happened on October 16th, 2009