Financial news on October 20th, 2011

Business and Financial news
Authors to Get Sales Data Online From 3 Big Publishers

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..

By JULIE BOSMAN - The New York Times

Food and Gasoline Helped Push the Consumer Price Index Higher in September

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..

By CHRISTINE HAUSER - The New York Times

Investment Banking’s Uncertain Future at UBS

UBS is trying to shrink its investment banking business enough to satisfy investors and Swiss regulators without disrupting its other operations. Read more..

By JULIA WERDIGIER - The New York Times

Japan and South Korea Strengthen Currency Ties

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..

By SANG-HUN CHOE - International Herald Tribune

Jobs Tried Exotic Treatments to Combat Cancer, Book Says

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..

By STEVE LOHR - The New York Times

Listeria Outbreak Traced to Cantaloupe Packing Shed

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..

By WILLIAM NEUMAN - The New York Times

Morning Take-Out

Highlights from the DealBook newsletter. Read more..

By WILLIAM ALDEN - The New York Times

Olympus Faces Credibility Gap

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..

By WAYNE ARNOLD and JOHN FOLEY - The New York Times

Perry Says He Backs Flat Tax, Drawing a Contrast With Romney

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..


Six Companies Stay Anonymous in Solar Case

Commerce Department rules allow companies to keep their involvement anonymous to avoid retaliation by other countries. Read more..

By KEITH BRADSHER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.5716.8016.3316.6355.1M
JPMorgan ChaseJPM32.3233.1931.6733.1341.7M
Cisco SystemsCSCO17.2017.2616.8017.1939.7M
Abbott LaboratoriesABT53.5054.3853.3054.0536.5M
Wells Fargo & Co.WFC25.2425.9124.9225.7635.4M
AT&T Inc.T28.7929.0528.6328.9931.4M
Oracle Corp.ORCL31.5931.7530.8831.5325.1M
HP Inc.HPQ24.8925.0224.2524.7418.7M
Wal-Mart StoresWMT56.2056.8856.0556.3712.6M
Verizon CommunicationsVZ36.8737.2536.6237.1012.4M
Bristol-Myers SquibbBMY32.4032.6732.2632.4411.6M
Johnson & JohnsonJNJ62.9663.1362.3162.5311.6M
General MotorsGM23.0223.1822.5122.969.49M
Home DepotHD35.6035.8535.1635.739.48M
UnitedHealth GroupUNH46.6846.9945.9446.887.99M
Procter & GamblePG64.9065.2864.4765.097.73M
International Business MachinesIBM178.13179.24176.17177.257.51M
Walt Disney & Co.DIS33.8534.1233.2533.847.32M
Berkshire HathawayBRK.B74.3976.0074.2375.876.26M
Gilead SciencesGILD40.8041.2540.4041.015.99M
Union PacificUNP93.1895.9893.0094.595.42M
United TechnologiesUTX73.5874.6572.5774.255.02M
Exchange Rates of October 20th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76.820 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 1.016 CAD1 CAD = 0.984 USD
US DollarSwiss Franc1 USD = 0.894 CHF1 CHF = 1.119 USD
US DollarChinese Yuan1 USD = 6.384 CNY1 CNY = 0.157 USD
EuroJapanese Yen1 EUR = 105.840 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.872 GBP1 GBP = 1.146 EUR
EuroAustralian Dollar1 EUR = 1.346 AUD1 AUD = 0.743 EUR
EuroCanadian Dollar1 EUR = 1.400 CAD1 CAD = 0.714 EUR
EuroSwiss Franc1 EUR = 1.232 CHF1 CHF = 0.811 EUR
EuroChinese Yuan1 EUR = 8.795 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.824 GBP1 GBP = 1.214 JPY
Japanese YenAustralian Dollar1 JPY = 1.271 AUD1 AUD = 0.787 JPY
Japanese YenCanadian Dollar1 JPY = 1.322 CAD1 CAD = 0.756 JPY
Japanese YenSwiss Franc1 JPY = 1.164 CHF1 CHF = 0.859 JPY
Pound SterlingAustralian Dollar1 GBP = 1.543 AUD1 AUD = 0.648 GBP
Pound SterlingCanadian Dollar1 GBP = 1.604 CAD1 CAD = 0.623 GBP
Pound SterlingSwiss Franc1 GBP = 1.411 CHF1 CHF = 0.709 GBP
Pound SterlingChinese Yuan1 GBP = 10.080 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 1.039 CAD1 CAD = 0.962 AUD
Australian DollarSwiss Franc1 AUD = 0.914 CHF1 CHF = 1.094 AUD
Australian DollarChinese Yuan1 AUD = 6.533 CNY1 CNY = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.879 CHF1 CHF = 1.137 CAD
Canadian DollarChinese Yuan1 CAD = 6.287 CNY1 CNY = 0.159 CAD
Swiss FrancChinese Yuan1 CHF = 7.139 CNY1 CNY = 0.140 CHF

See what else happened on October 20th, 2011