Financial news on October 20th, 2011
Business and Financial news
Simon & Schuster, Random House and the Hachette Book Group plan to allow authors to access book sales figures directly online, matching a service Amazon has provided to authors since 2010. Read more..
Rising cost of gasoline helps push up the price index, but the pressure is expected to ease in the months ahead; Labor Dept reports it rose 0.3 percent in September compared with 0.4 percent rise in August. Read more..
UBS is trying to shrink its investment banking business enough to satisfy investors and Swiss regulators without disrupting its other operations. Read more..
The new arrangements expand a $13 billion credit line each of the two countries guarantees for the other. The increase will give South Korea more leverage to defend its currency. Read more..
A 630-page biography on Steve Jobs also includes previously unknown details about his romantic life, his marriage, his relationship with his sister and his business dealings. Read more..
Officials say that nationwide listeria outbreak that has killed 25 people who ate tainted cantaloupe was likely caused by unsanitary conditions in the packing shed of Jensen Farms, in Granada, Colo, where the melons were grown; outbreak is the deadliest caused by foodborne disease since 1985 with a total of 123 people in 26 states affected. Read more..
Highlights from the DealBook newsletter. Read more..
Reuters BreakingViews column; Olympus could be forced to take write-downs or delist as it faces credibility issues; Singapore investment fund Temasek appears at first glance to have hit on a clever way of raising money cheaply. Read more..
Rick Perry announces his support for flat tax, sharpening contrast with his Republican rival Mitt Romney and capitalizing on popular frustration with tax system among Republican primary voters. Read more..
Commerce Department rules allow companies to keep their involvement anonymous to avoid retaliation by other countries. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||25.24||25.91||24.92||25.76||35.4M|
|Johnson & Johnson||JNJ||62.96||63.13||62.31||62.53||11.6M|
|Procter & Gamble||PG||64.90||65.28||64.47||65.09||7.73M|
|International Business Machines||IBM||178.13||179.24||176.17||177.25||7.51M|
|Walt Disney & Co.||DIS||33.85||34.12||33.25||33.84||7.32M|
Exchange Rates of October 20th, 2011
|US Dollar||Japanese Yen||1 USD = 76.820 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 1.016 CAD||1 CAD = 0.984 USD|
|US Dollar||Swiss Franc||1 USD = 0.894 CHF||1 CHF = 1.119 USD|
|US Dollar||Chinese Yuan||1 USD = 6.384 CNY||1 CNY = 0.157 USD|
|Euro||Japanese Yen||1 EUR = 105.840 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.872 GBP||1 GBP = 1.146 EUR|
|Euro||Australian Dollar||1 EUR = 1.346 AUD||1 AUD = 0.743 EUR|
|Euro||Canadian Dollar||1 EUR = 1.400 CAD||1 CAD = 0.714 EUR|
|Euro||Swiss Franc||1 EUR = 1.232 CHF||1 CHF = 0.811 EUR|
|Euro||Chinese Yuan||1 EUR = 8.795 CNY||1 CNY = 0.114 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.824 GBP||1 GBP = 1.214 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.271 AUD||1 AUD = 0.787 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.322 CAD||1 CAD = 0.756 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.164 CHF||1 CHF = 0.859 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.543 AUD||1 AUD = 0.648 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.604 CAD||1 CAD = 0.623 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.411 CHF||1 CHF = 0.709 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.080 CNY||1 CNY = 0.099 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.039 CAD||1 CAD = 0.962 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.914 CHF||1 CHF = 1.094 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.533 CNY||1 CNY = 0.153 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.879 CHF||1 CHF = 1.137 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.287 CNY||1 CNY = 0.159 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 7.139 CNY||1 CNY = 0.140 CHF|