Financial news on October 18th, 2011

Business and Financial news
Farmers Facing Loss of Subsidy May Get New One

Farming is a very healthy business, spurring calls to end its large government safety net. But some lawmakers want to create a new program instead. Read more..

By WILLIAM NEUMAN - The New York Times

Glad Tosses Out Some Plastic

Glad plans to spend $30 million to $40 million on a campaign for a new kitchen trash bag that the company says saves enough plastic — the equivalent of 140 million bags — to cover Manhattan. Read more..

None None - The New York Times

I.B.M. Beats Forecasts and Raises Profit Estimate for Year

IBM reports solid quarterly profits, showing corporations continue to spend on information technology; company reports net earnings of $3.84 billion, a 7 percent increase from the year-earlier quarter; its earnings per share from continuing operations rose 15 percent, to $3.28; revenue for the quarter increased 8 percent, to $26.2 billion. Read more..

By STEVE LOHR - The New York Times

Olympus Chief Goes, but Push for Reform Goes On

The Olympus board’s decision to fire Michael C. Woodford after only two weeks shows that change was sorely needed. Read more..

By WAYNE ARNOLD and JOHN FOLEY - The New York Times

RIM Offers Free Apps in Apology

Research in Motion offers Blackberry users $100 credit for select apps in its online store as apology for a service collapse that left millions of devices without service for up to three days; limited selection may leave customers grumbling. Read more..

By IAN AUSTEN - The New York Times

Shares Fall on Wall Street

Dow Jones industrial average loses 2.13 percent to close at 11,397; Standard & Poor's 500-stock index drops 23.72 points, or 1.9 percent, to 1,200.86; Nasdaq composite index loses 1.98 percent, to 2,614.92. Read more..

By CHRISTINE HAUSER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC24,8526,2024,5225,8669.5M
General ElectricGE16,2516,9816,2416,7165.5M
JPMorgan ChaseJPM31,3633,4231,1432,8764.4M
Cisco SystemsCSCO17,1817,6716,9717,5142.8M
Oracle Corp.ORCL31,1432,0030,7731,8829.8M
UnitedHealth GroupUNH44,2445,9142,8645,3423.9M
HP Inc.HPQ24,7325,8124,5525,6120.6M
AT&T Inc.T29,0529,3528,7729,2119.9M
International Business MachinesIBM178,00179,38176,25178,9015.7M
Abbott LaboratoriesABT51,9552,8151,5352,4415.1M
Home DepotHD34,7436,2034,4335,9515M
General MotorsGM23,1923,8722,7723,5414.1M
Wal-Mart StoresWMT54,9456,1954,8155,8914.1M
Verizon CommunicationsVZ37,0637,3836,7737,2412.3M
Bristol-Myers SquibbBMY32,3632,7832,1132,5611.9M
Procter & GamblePG64,1665,5964,1064,9211.8M
Johnson & JohnsonJNJ63,7664,7463,4064,4211.7M
Walt Disney & Co.DIS33,4634,2033,1433,9411M
Berkshire HathawayBRK.B72,9775,5072,8675,078.16M
Gilead SciencesGILD39,8940,9339,7240,766.76M
United TechnologiesUTX72,4674,9271,7074,125.01M
Union PacificUNP89,0693,3188,8392,402.44M
Exchange Rates of October 18th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76,780 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 1,015 CAD1 CAD = 0,985 USD
US DollarSwiss Franc1 USD = 0,899 CHF1 CHF = 1,112 USD
US DollarChinese Yuan1 USD = 6,381 CNY1 CNY = 0,157 USD
EuroJapanese Yen1 EUR = 105,460 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,875 GBP1 GBP = 1,143 EUR
EuroAustralian Dollar1 EUR = 1,338 AUD1 AUD = 0,747 EUR
EuroCanadian Dollar1 EUR = 1,394 CAD1 CAD = 0,717 EUR
EuroSwiss Franc1 EUR = 1,235 CHF1 CHF = 0,810 EUR
EuroChinese Yuan1 EUR = 8,767 CNY1 CNY = 0,114 EUR
Japanese YenPound Sterling1 JPY = 0,829 GBP1 GBP = 1,206 JPY
Japanese YenAustralian Dollar1 JPY = 1,268 AUD1 AUD = 0,789 JPY
Japanese YenCanadian Dollar1 JPY = 1,322 CAD1 CAD = 0,757 JPY
Japanese YenSwiss Franc1 JPY = 1,171 CHF1 CHF = 0,854 JPY
Pound SterlingAustralian Dollar1 GBP = 1,530 AUD1 AUD = 0,654 GBP
Pound SterlingCanadian Dollar1 GBP = 1,594 CAD1 CAD = 0,627 GBP
Pound SterlingSwiss Franc1 GBP = 1,412 CHF1 CHF = 0,708 GBP
Pound SterlingChinese Yuan1 GBP = 10,022 CNY1 CNY = 0,100 GBP
Australian DollarCanadian Dollar1 AUD = 1,042 CAD1 CAD = 0,960 AUD
Australian DollarSwiss Franc1 AUD = 0,923 CHF1 CHF = 1,084 AUD
Australian DollarChinese Yuan1 AUD = 6,549 CNY1 CNY = 0,153 AUD
Canadian DollarSwiss Franc1 CAD = 0,885 CHF1 CHF = 1,129 CAD
Canadian DollarChinese Yuan1 CAD = 6,285 CNY1 CNY = 0,159 CAD
Swiss FrancChinese Yuan1 CHF = 7,095 CNY1 CNY = 0,141 CHF

See what else happened on October 18th, 2011