Financial news on October 20, 2009

Business and Financial news
$70 a Barrel: A New Floor for the Oil Industry?

After years of volatility, oil prices have found a level that seems to satisfy producing nations, oil companies, and major consumers. Read more..

By JAD MOUAWAD - International Herald Tribune

Barnes & Noble to Introduce Its Own Electronic Reader

The Nook will cost $259, matching Amazon.com’s most recent price cut for its new edition of the Kindle. Read more..

By MOTOKO RICH - The New York Times

Beijing Goes After U.S.-Made Nylon

China's Ministry of Commerce issued a preliminary ruling Monday that slapped a 36 percent tariff on Nylon 6, a synthetic filament that ends up in a wide array of products Read more..

By ANDREW JACOBS - International Herald Tribune

Considering an Alternative Fuel for Nuclear Energy

Scientists have long dreamed about turning thorium — which is less radioactive and produces less nuclear waste than uranium — into an alternative fuel for nuclear energy. Read more..

By LISA PHAM - International Herald Tribune

Earnings Outlook Drives Wall Street Higher

Wall Street rose strongly as investors bet that another round of strong corporate earnings would propel the markets even higher. Read more..

By JACK HEALY - The New York Times

Galleon Fund Tries to Stem Wave of Withdrawals

The hedge fund at the center of a major insider trading case raced to assure its anxious employees and investors. Read more..

By ZACHERY KOUWE - The New York Times

I See You Have a Ticket, but Is That Your Name?

Airline passengers are finding that it is critical for their names to match exactly on each piece of identification. Read more..

By JOE SHARKEY - The New York Times

New York Times Moves to Trim 100 in Newsroom

The newspaper is offering buyouts, but layoffs will follow if an insufficient number fail to sign up, employees were told on Monday. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Senate Bill Would Curtail Bank Overdraft Charges

The legislation would establish a limit of one overdraft fee in a month, with a maximum of six in a year. Read more..

By ANDREW MARTIN - The New York Times

The Race to Save Lehman Brothers

In this excerpt from a new book, Lehman’s chairman reaches out in several directions to find relief for his sinking firm. Read more..

By ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 15.80 15.82 15.47 15.58 101M
Pfizer PFE 18.28 18.43 17.74 17.93 90.2M
Intel INTC 20.47 20.58 20.11 20.18 67.8M
Microsoft MSFT 26.42 26.51 25.94 26.37 54.6M
Cisco Systems CSCO 24.37 24.55 23.96 24.11 52.5M
Wells Fargo & Co. WFC 29.98 30.64 29.85 30.46 41.7M
Apple AAPL 200.60 201.75 197.85 198.76 40.8M
Oracle Corp. ORCL 22.23 22.34 21.90 22.19 35.9M
AT&T Inc. T 26.25 26.25 25.77 25.99 34.7M
JPMorgan Chase JPM 45.81 46.59 45.77 46.03 30.6M
Comcast CMCSA 15.43 15.57 15.15 15.36 25.9M
Merck MRK 33.91 34.18 33.63 33.72 23.2M
UnitedHealth Group UNH 25.68 26.52 25.50 25.96 21.4M
Verizon Communications VZ 29.04 29.04 28.71 28.80 20.4M
ExxonMobil XOM 73.38 73.54 72.36 73.02 20M
Altria MO 18.40 18.72 18.34 18.66 17.6M
Abbott Laboratories ABT 51.98 52.31 51.73 51.86 16.2M
Johnson & Johnson JNJ 61.31 61.59 60.51 60.59 15.7M
ConocoPhillips COP 53.33 53.49 52.25 52.90 13.7M
Coca-Cola KO 53.59 54.15 53.18 54.07 13.4M
Wal-Mart Stores WMT 51.98 52.00 51.50 51.70 13.2M
Home Depot HD 27.33 27.67 26.86 26.97 12.9M
HP Inc. HPQ 48.53 48.90 48.35 48.74 12.3M
Bristol-Myers Squibb BMY 23.15 23.28 23.00 23.04 12.2M
Procter & Gamble PG 57.93 58.85 57.88 58.13 11.3M
Amgen AMGN 59.65 59.84 58.03 58.14 10.9M
Walt Disney & Co. DIS 29.73 29.73 28.99 29.35 10.4M
Schlumberger SLB 70.48 70.59 68.31 69.16 9.94M
International Business Machines IBM 123.36 123.50 121.50 122.82 8.78M
Gilead Sciences GILD 46.51 46.66 45.79 46.12 8.7M
Boeing BA 51.71 52.30 51.07 51.89 8.19M
Chevron CVX 77.71 77.71 76.32 77.03 8.16M
Alphabet GOOGL 551.64 552.95 540.70 551.72 8.08M
Pepsico PEP 62.00 62.05 61.12 61.58 8.07M
Amazon AMZN 95.91 96.10 94.27 94.98 7.78M
McDonald's MCD 59.60 59.65 58.62 58.92 7.61M
United Technologies UTX 64.41 65.88 63.80 65.40 6.57M
Visa V 75.45 75.90 74.46 75.05 4.13M
3M MMM 76.26 76.73 75.60 75.95 3.51M
Union Pacific UNP 64.33 64.68 63.48 64.24 3.22M
Berkshire Hathaway BRK.B 3338.00 3349.00 3286.00 3300.50 22.3K
Exchange Rates of October 20, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.670 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.049 CAD 1 CAD = 0.953 USD
US Dollar Swiss Franc 1 USD = 1.012 CHF 1 CHF = 0.988 USD
US Dollar Chinese Yuan 1 USD = 6.826 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 135.440 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.912 GBP 1 GBP = 1.097 EUR
Euro Australian Dollar 1 EUR = 1.616 AUD 1 AUD = 0.619 EUR
Euro Canadian Dollar 1 EUR = 1.567 CAD 1 CAD = 0.638 EUR
Euro Swiss Franc 1 EUR = 1.512 CHF 1 CHF = 0.662 EUR
Euro Chinese Yuan 1 EUR = 10.196 CNY 1 CNY = 0.098 EUR
Japanese Yen Pound Sterling 1 JPY = 0.673 GBP 1 GBP = 1.486 JPY
Japanese Yen Australian Dollar 1 JPY = 1.193 AUD 1 AUD = 0.838 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.157 CAD 1 CAD = 0.865 JPY
Japanese Yen Swiss Franc 1 JPY = 1.116 CHF 1 CHF = 0.896 JPY
Pound Sterling Australian Dollar 1 GBP = 1.773 AUD 1 AUD = 0.564 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.719 CAD 1 CAD = 0.582 GBP
Pound Sterling Swiss Franc 1 GBP = 1.658 CHF 1 CHF = 0.603 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.173 CNY 1 CNY = 0.090 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.969 CAD 1 CAD = 1.032 AUD
Australian Dollar Swiss Franc 1 AUD = 0.935 CHF 1 CHF = 1.070 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.302 CNY 1 CNY = 0.159 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.965 CHF 1 CHF = 1.037 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.506 CNY 1 CNY = 0.154 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.742 CNY 1 CNY = 0.148 CHF

See what else happened on October 20, 2009