Financial news on October 17th, 2011

Business and Financial news
Accounts and People of Note in the Ad Industry

Jake Baldridge joined the Paragraph Project, Durham, N.C., in a new post, as a partner. Mr. Baldridge had most recently been an account director at StrawberryFrog, New York. Read more..

By THE NEW YORK TIMES - The New York Times

Debates Sway Media Coverage, Study Finds

Research by Pew Research Center’s Project for Excellence in Journalism finds that the presidential candidate debates have considerable effect on media coverage. Read more..

By BRIAN STELTER - The New York Times

Magazine Creates a Brand for Women Who Work

Stuart Elliott Advertising column; American edition of Marie Claire magazine is expanding its editorial purview, and looking for additional advertising, with a supplement devoted to working women. Read more..

By STUART ELLIOTT - The New York Times

Postal Union Turns to Wall Street for Advice on Its Future

Labor union representing 280,000 current and retired letter carriers is enlisting former investment banker Ron Bloom and financial firm Lazard to help forge strategy to revitalize the United States Postal Service. Read more..

By NATASHA SINGER - The New York Times

Renewable Energy Fosters a Boom in Depressed German State

Wind, solar and biomass energy have created thousands of jobs in a northeastern state that was the poorest in Germany. Read more..

By ERIK KIRSCHBAUM | REUTERS - International Herald Tribune

Republican Debates Are a Hot Ticket on TV

Early television debates for the Republican presidential nomination are garnering almost twice as many viewers as in 2007; increased viewership is attributed to widespread anxiety about the economy and disapproval of the political system. Read more..

By BRIAN STELTER - The New York Times

Two Top Executives Resign From Wal-Mart China

Wal-Mart announces the resignation of Ed Chan and Clara Wong, two top executives in China, just one week after city of Chongqing ordered the closing of all 13 stores as punishment for a series of food handling and mislabeling violations; company says timing is a coincidence Read more..

By KEITH BRADSHER - The New York Times

Wireless Users Will Get Alerts on Excess Use

Wireless carriers have been losing good will with users bitter about the sometimes exorbitant charges resulting from overuse of what has become a consumer staple — the cellphone. Read more..

By EDWARD WYATT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC25.2425.4024.3024.4277.8M
General ElectricGE16.4916.6016.1916.2346.9M
JPMorgan ChaseJPM31.6432.0930.9731.0440.9M
Cisco SystemsCSCO17.3717.4717.0217.1737.6M
Oracle Corp.ORCL31.5931.7530.9531.2325.1M
AT&T Inc.T29.1929.3828.9329.0218.5M
HP Inc.HPQ25.8425.9424.7024.8616.7M
Abbott LaboratoriesABT52.4152.7551.9452.0413.5M
Johnson & JohnsonJNJ64.4064.8463.6263.7910.8M
Bristol-Myers SquibbBMY32.1632.5532.1132.4410.2M
Walt Disney & Co.DIS33.8334.2233.1833.399.99M
Verizon CommunicationsVZ37.2837.4336.9036.949.84M
Wal-Mart StoresWMT54.7955.4654.4854.788.97M
Home DepotHD34.8535.4834.5934.658.84M
International Business MachinesIBM189.71190.16185.90186.598.79M
General MotorsGM24.1724.1923.1523.188.63M
Procter & GamblePG64.8465.4564.0664.267.16M
Gilead SciencesGILD40.2240.6239.7239.866.28M
UnitedHealth GroupUNH46.8747.6146.4646.605.94M
Berkshire HathawayBRK.B73.9574.3272.5572.895.84M
United TechnologiesUTX74.4874.5771.9572.124.01M
Union PacificUNP91.5791.5789.0089.312.09M
Exchange Rates of October 17th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.850 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.023 CAD1 CAD = 0.977 USD
US DollarSwiss Franc1 USD = 0.899 CHF1 CHF = 1.112 USD
US DollarChinese Yuan1 USD = 6.370 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 105.547 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.872 GBP1 GBP = 1.147 EUR
EuroAustralian Dollar1 EUR = 1.350 AUD1 AUD = 0.741 EUR
EuroCanadian Dollar1 EUR = 1.405 CAD1 CAD = 0.712 EUR
EuroSwiss Franc1 EUR = 1.235 CHF1 CHF = 0.810 EUR
EuroChinese Yuan1 EUR = 8.749 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.826 GBP1 GBP = 1.211 JPY
Japanese YenAustralian Dollar1 JPY = 1.279 AUD1 AUD = 0.782 JPY
Japanese YenCanadian Dollar1 JPY = 1.331 CAD1 CAD = 0.751 JPY
Japanese YenSwiss Franc1 JPY = 1.170 CHF1 CHF = 0.855 JPY
Pound SterlingAustralian Dollar1 GBP = 1.548 AUD1 AUD = 0.646 GBP
Pound SterlingCanadian Dollar1 GBP = 1.611 CAD1 CAD = 0.621 GBP
Pound SterlingSwiss Franc1 GBP = 1.415 CHF1 CHF = 0.707 GBP
Pound SterlingChinese Yuan1 GBP = 10.026 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 1.040 CAD1 CAD = 0.962 AUD
Australian DollarSwiss Franc1 AUD = 0.914 CHF1 CHF = 1.094 AUD
Australian DollarChinese Yuan1 AUD = 6.473 CNY1 CNY = 0.154 AUD
Canadian DollarSwiss Franc1 CAD = 0.879 CHF1 CHF = 1.138 CAD
Canadian DollarChinese Yuan1 CAD = 6.224 CNY1 CNY = 0.161 CAD
Swiss FrancChinese Yuan1 CHF = 7.083 CNY1 CNY = 0.141 CHF

See what else happened on October 17th, 2011