Financial news on October 19th, 2011

Business and Financial news
Hopes of Big Deal in Europe, Then Denials

American stocks rise as European officials are said to be near completion of broad agreement between Germany and France on large infusion of bailout money; serious consideration is being given to increasing size of bailout fund of 440 billion euros to at least 1 trillion to 1.5 trillion euros with discussions taking on greater urgency after Moody's warning of a possible downgrade of France's flawless credit rating. Read more..

By LIZ ALDERMAN - The New York Times

In Uncertain Times, Municipal Bonds Call for Caution

It pays for investors to carefully research issues involving municipal bonds in uncertain economic times, even considering that the widespread defaults predicted for 2011 never occurred; EMMA Web service helps navigate the issues. Read more..

By JOHN F. WASIK - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By WILLIAM ALDEN - The New York Times

RIM Unveils an Upgrade, but Little Else

Research in Motion disappoints investors and analysts after unveiling little more than a rebranding of what it called its 'next generation platform' for BlackBerry smartphones and tablets at conference intended to persuade app developers to produce software for future devices. Read more..

By IAN AUSTEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Abbott LaboratoriesABT55.5355.6152.9653.2578.1M
General ElectricGE16.7116.8716.4116.5251.9M
JPMorgan ChaseJPM32.7734.0132.0332.2550.1M
Wells Fargo & Co.WFC25.7926.1825.1025.1842.9M
Cisco SystemsCSCO17.4017.5417.0517.1635.8M
Oracle Corp.ORCL31.8332.1831.2531.4925.6M
Johnson & JohnsonJNJ64.5164.5162.1662.6420M
AT&T Inc.T29.2729.3528.9429.0919.7M
HP Inc.HPQ25.3625.5024.8424.9813.8M
Wal-Mart StoresWMT55.7156.4355.7056.2513M
UnitedHealth GroupUNH45.4047.4245.2146.4512.3M
Bristol-Myers SquibbBMY32.5832.7732.2032.3510.8M
Verizon CommunicationsVZ37.2237.4436.9737.0510.3M
Home DepotHD35.7936.0235.2935.409.95M
Procter & GamblePG64.3365.3264.2864.759.1M
General MotorsGM23.5223.5522.9623.097.6M
Walt Disney & Co.DIS33.8834.3533.4733.617.48M
International Business MachinesIBM179.68179.81177.01177.396.71M
United TechnologiesUTX73.5074.7872.5073.266.43M
Gilead SciencesGILD40.8541.3240.5640.806.29M
Berkshire HathawayBRK.B74.7675.7573.8874.115.62M
Union PacificUNP92.8092.8290.5690.962.57M
Exchange Rates of October 19th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.810 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.019 CAD1 CAD = 0.981 USD
US DollarSwiss Franc1 USD = 0.902 CHF1 CHF = 1.108 USD
US DollarChinese Yuan1 USD = 6.377 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 105.720 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.872 GBP1 GBP = 1.146 EUR
EuroAustralian Dollar1 EUR = 1.345 AUD1 AUD = 0.744 EUR
EuroCanadian Dollar1 EUR = 1.402 CAD1 CAD = 0.713 EUR
EuroSwiss Franc1 EUR = 1.242 CHF1 CHF = 0.805 EUR
EuroChinese Yuan1 EUR = 8.778 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.825 GBP1 GBP = 1.212 JPY
Japanese YenAustralian Dollar1 JPY = 1.272 AUD1 AUD = 0.786 JPY
Japanese YenCanadian Dollar1 JPY = 1.326 CAD1 CAD = 0.754 JPY
Japanese YenSwiss Franc1 JPY = 1.175 CHF1 CHF = 0.851 JPY
Pound SterlingAustralian Dollar1 GBP = 1.541 AUD1 AUD = 0.649 GBP
Pound SterlingCanadian Dollar1 GBP = 1.607 CAD1 CAD = 0.622 GBP
Pound SterlingSwiss Franc1 GBP = 1.423 CHF1 CHF = 0.703 GBP
Pound SterlingChinese Yuan1 GBP = 10.064 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 1.043 CAD1 CAD = 0.959 AUD
Australian DollarSwiss Franc1 AUD = 0.923 CHF1 CHF = 1.083 AUD
Australian DollarChinese Yuan1 AUD = 6.528 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.885 CHF1 CHF = 1.130 CAD
Canadian DollarChinese Yuan1 CAD = 6.259 CNY1 CNY = 0.160 CAD
Swiss FrancChinese Yuan1 CHF = 7.065 CNY1 CNY = 0.142 CHF

See what else happened on October 19th, 2011