Financial news on October 19, 2007

Business and Financial news
BBC to Cut 2,500 Positions

The announcement angered many employees, who are threatening to strike, but the British Broadcasting Corporation said the cutbacks were necessary. Read more..

By ERIC PFANNER - The New York Times

Chip Maker Reports Loss but Claims Progress

Advanced Micro Devices reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers. Read more..

By LAURIE J. FLYNN - The New York Times

Earnings Fall 32 Percent at Bank of America

The bank was badly hurt by a huge spike in consumer credit costs and the poor performance of its investment banking unit, which has clamored for Wall Street’s respect. Read more..

By ERIC DASH - The New York Times

Earnings Soar at Nokia on Third World Demand

Strong demand for low-cost phones in Africa, the Middle East and Asia lifted the company’s share of the global market to almost 40 percent. Read more..

By KEVIN J. O'BRIEN - The New York Times

How Deal-Making Lawyers Keep Score

The charts that tally the number of deals law firms have worked on present a glimpse into the tight credit market, which brought deals to a halt this summer in the U.S. Read more..

By ELLEN ROSEN - The New York Times

Lead in Toy Exceeds Limit, Magazine Says

A Canadian consumer magazine is reporting that a popular line of children’s blocks sold throughout North America contains high lead levels. Read more..

By IAN AUSTEN - The New York Times

Listen Up: A New Kind of Spam

Get ready for a new kind of unsolicited junk e-mail: audio spam. Read more..

By BRAD STONE - The New York Times

Making a Loan Only After It Goes Bad

Some big banks report poor quarterly results and many bankers are surprised. Why? Read more..

By FLOYD NORRIS - The New York Times

The Halo Over Xbox

Halo 3 sold 3.3 million copies in its first 12 days on the market, helping Microsoft’s Xbox 360 edge out the Nintendo Wii as the top-selling game console in September. Read more..

By MATT RICHTEL - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 26.84 26.85 26.27 26.30 80.8M
Microsoft MSFT 31.09 31.09 30.11 30.17 75.2M
Cisco Systems CSCO 32.62 32.63 31.40 31.50 60.4M
General Electric GE 40.53 40.79 39.87 40.04 56.7M
Pfizer PFE 24.53 24.55 23.36 24.07 46.5M
Apple AAPL 174.24 174.63 170.00 170.42 46.1M
Oracle Corp. ORCL 21.43 21.47 20.67 20.75 40.5M
Schlumberger SLB 105.00 105.48 98.00 99.32 38.2M
ExxonMobil XOM 94.70 94.75 92.00 92.14 34.4M
Alphabet GOOGL 654.56 658.49 643.23 644.71 31.5M
JPMorgan Chase JPM 45.79 46.60 44.96 45.02 29.5M
Comcast CMCSA 24.03 24.18 23.45 23.46 28.4M
AT&T Inc. T 41.70 41.90 41.04 41.37 27.8M
Home Depot HD 31.72 31.85 30.56 30.76 27M
Wells Fargo & Co. WFC 33.36 33.75 32.86 32.86 25.1M
Wal-Mart Stores WMT 45.84 46.02 44.96 44.98 23M
Altria MO 70.38 71.24 69.72 70.50 16.2M
Abbott Laboratories ABT 51.54 52.28 51.34 51.40 16.1M
Procter & Gamble PG 71.00 71.52 70.61 70.80 16M
Johnson & Johnson JNJ 64.58 65.00 64.16 64.23 15.3M
3M MMM 92.90 93.00 86.29 86.62 15.2M
Verizon Communications VZ 44.62 45.09 44.01 44.27 15.1M
ConocoPhillips COP 87.67 87.68 84.36 85.07 14.9M
Merck MRK 53.11 54.24 52.95 53.11 14.5M
HP Inc. HPQ 52.50 52.90 51.30 51.40 14.3M
Chevron CVX 92.70 92.70 89.03 89.27 14.1M
Bristol-Myers Squibb BMY 29.56 29.89 29.11 29.32 14M
Gilead Sciences GILD 43.48 43.50 41.84 42.00 13.4M
Coca-Cola KO 59.53 59.75 58.69 58.76 12.1M
UnitedHealth Group UNH 47.74 47.97 47.37 47.45 11.6M
Walt Disney & Co. DIS 34.55 34.77 33.77 33.81 11.2M
Amgen AMGN 56.62 56.82 55.78 55.95 11M
International Business Machines IBM 113.98 114.93 111.80 112.28 10.3M
United Technologies UTX 77.27 77.60 75.87 76.00 9.96M
Boeing BA 96.54 97.00 93.79 93.90 9.21M
Amazon AMZN 89.93 90.65 89.32 89.76 9.13M
McDonald's MCD 56.35 57.07 56.32 56.42 8.94M
Pepsico PEP 71.60 71.85 70.35 70.40 7.39M
Union Pacific UNP 125.96 126.07 122.43 122.62 3.59M
Berkshire Hathaway BRK.B 4305.00 4305.00 4222.00 4243.00 16.1K
Exchange Rates of October 19, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.510 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.967 CAD 1 CAD = 1.034 USD
US Dollar Swiss Franc 1 USD = 1.166 CHF 1 CHF = 0.857 USD
US Dollar Chinese Yuan 1 USD = 7.508 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 163.790 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.697 GBP 1 GBP = 1.435 EUR
Euro Australian Dollar 1 EUR = 1.606 AUD 1 AUD = 0.623 EUR
Euro Canadian Dollar 1 EUR = 1.383 CAD 1 CAD = 0.723 EUR
Euro Swiss Franc 1 EUR = 1.668 CHF 1 CHF = 0.599 EUR
Japanese Yen Pound Sterling 1 JPY = 0.425 GBP 1 GBP = 2.351 JPY
Japanese Yen Australian Dollar 1 JPY = 0.980 AUD 1 AUD = 1.020 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.844 CAD 1 CAD = 1.185 JPY
Japanese Yen Swiss Franc 1 JPY = 1.018 CHF 1 CHF = 0.982 JPY
Pound Sterling Australian Dollar 1 GBP = 2.304 AUD 1 AUD = 0.434 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.984 CAD 1 CAD = 0.504 GBP
Pound Sterling Swiss Franc 1 GBP = 2.392 CHF 1 CHF = 0.418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.860 CAD 1 CAD = 1.163 AUD
Australian Dollar Swiss Franc 1 AUD = 1.038 CHF 1 CHF = 0.964 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.206 CHF 1 CHF = 0.829 CAD

See what else happened on October 19, 2007