Financial news on October 20th, 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’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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15,8015,8215,4715,58101M
Cisco SystemsCSCO24,3724,5523,9624,1152.5M
Wells Fargo & Co.WFC29,9830,6429,8530,4641.7M
Oracle Corp.ORCL22,2322,3421,9022,1935.9M
AT&T Inc.T26,2526,2525,7725,9934.7M
JPMorgan ChaseJPM45,8146,5945,7746,0330.6M
UnitedHealth GroupUNH25,6826,5225,5025,9621.4M
Verizon CommunicationsVZ29,0429,0428,7128,8020.4M
Abbott LaboratoriesABT51,9852,3151,7351,8616.2M
Johnson & JohnsonJNJ61,3161,5960,5160,5915.7M
Wal-Mart StoresWMT51,9852,0051,5051,7013.2M
Home DepotHD27,3327,6726,8626,9712.9M
HP Inc.HPQ48,5348,9048,3548,7412.3M
Bristol-Myers SquibbBMY23,1523,2823,0023,0412.2M
Procter & GamblePG57,9358,8557,8858,1311.3M
Walt Disney & Co.DIS29,7329,7328,9929,3510.4M
International Business MachinesIBM123,36123,50121,50122,828.78M
Gilead SciencesGILD46,5146,6645,7946,128.7M
United TechnologiesUTX64,4165,8863,8065,406.57M
Union PacificUNP64,3364,6863,4864,243.22M
Berkshire HathawayBRK.B3338,003349,003286,003300,5022.3K
Exchange Rates of October 20th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,670 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,049 CAD1 CAD = 0,953 USD
US DollarSwiss Franc1 USD = 1,012 CHF1 CHF = 0,988 USD
US DollarChinese Yuan1 USD = 6,826 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 135,440 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,912 GBP1 GBP = 1,097 EUR
EuroAustralian Dollar1 EUR = 1,616 AUD1 AUD = 0,619 EUR
EuroCanadian Dollar1 EUR = 1,567 CAD1 CAD = 0,638 EUR
EuroSwiss Franc1 EUR = 1,512 CHF1 CHF = 0,662 EUR
EuroChinese Yuan1 EUR = 10,196 CNY1 CNY = 0,098 EUR
Japanese YenPound Sterling1 JPY = 0,673 GBP1 GBP = 1,486 JPY
Japanese YenAustralian Dollar1 JPY = 1,193 AUD1 AUD = 0,838 JPY
Japanese YenCanadian Dollar1 JPY = 1,157 CAD1 CAD = 0,865 JPY
Japanese YenSwiss Franc1 JPY = 1,116 CHF1 CHF = 0,896 JPY
Pound SterlingAustralian Dollar1 GBP = 1,773 AUD1 AUD = 0,564 GBP
Pound SterlingCanadian Dollar1 GBP = 1,719 CAD1 CAD = 0,582 GBP
Pound SterlingSwiss Franc1 GBP = 1,658 CHF1 CHF = 0,603 GBP
Pound SterlingChinese Yuan1 GBP = 11,173 CNY1 CNY = 0,090 GBP
Australian DollarCanadian Dollar1 AUD = 0,969 CAD1 CAD = 1,032 AUD
Australian DollarSwiss Franc1 AUD = 0,935 CHF1 CHF = 1,070 AUD
Australian DollarChinese Yuan1 AUD = 6,302 CNY1 CNY = 0,159 AUD
Canadian DollarSwiss Franc1 CAD = 0,965 CHF1 CHF = 1,037 CAD
Canadian DollarChinese Yuan1 CAD = 6,506 CNY1 CNY = 0,154 CAD
Swiss FrancChinese Yuan1 CHF = 6,742 CNY1 CNY = 0,148 CHF

See what else happened on October 20th, 2009