Financial news on October 21, 2011

Business and Financial news
DealBook’s Week in Review

Before you run out of the office, take a look back on our reporting of the past week’s highs and lows in finance. Read more..

By ERIC OWLES - The New York Times

Debt Plan Is Delayed in Europe

Germany and France postpone summit meeting that many hoped would produce comprehensive plan to address European sovereign debt crisis; delay reinforces fears that politics are getting in the way of cooperation. Read more..

By JACK EWING, STEPHEN CASTLE AND LIZ ALDERMAN - The New York Times

Fewer iPhone Activations Hamper Growth at AT&T

AT&T says disappointing third-quarter earnings reflect steep decline in iPhone activations; profit was $3.6 billion, or 61 cents a share, compared with profit of $12.3 billion, or $2.07 a share, in year-ago quarter. Read more..

By JENNA WORTHAM - The New York Times

Negative Exposure for Kodak

Investors are skeptical as Kodak spends hundreds of millions of dollars to become front-runner in inkjet printer business; analysts say consumers increasingly prefer digital copies on computers and tablets over printouts. Read more..

By ANDREW MARTIN - The New York Times

New Bottom-Line Approach Good for Cisco

Reuters Breakingviews; Cisco is focusing on bottom line after years of chasing growth, but investors are still unlikely to see big gains; calculations indicate that if Greece underwent proper debt restructuring, private bondholders could bear most of the losses. Read more..

By ROBERT CYRAN and NEIL UNMACK - The New York Times

Results Beat Expectations at Ericsson and Nokia

Stocks of Nokia and Ericsson, struggling Scandinavian cellphone companies, surge following reports of better-than expected financial results; Nokia reports third-quarter loss of $93.6 million , while Ericsson reports sales of $8.4 billion. Read more..

By KEVIN J. O'BRIEN - The New York Times

Saab's Hopes Fade as Chinese Investors Lose Interest

Guy Lofalk, court-appointed administrator overseeing voluntary reorganization at Saab, will recommend halt to process, removing last barrier to company's collapse. Read more..

By DAVID JOLLY - The New York Times

Shippers Are Jostling for Greater Global Share

Advertising column; DHL Express, along with shipping rivals UPS and FedEx, are rolling out advertising campaigns that emphasize their international service to American customers. Read more..

By ELIZABETH OLSON - The New York Times

Wall Street Ends Mixed on Uncertainty Over Europe

Dow Jones industrial average gains 37.16 points, or 0.32 percent, to 11,541.78; Standard & Poor's 500-stock index gains 5.51 points, or 0.46 percent, to 1,215.39; Nasdaq composite index slips 5.42 points, or 0.21 percent, to 2,598.62. Read more..

By REUTERS - The New York Times

Wal-Mart Cuts Some Health Care Benefits

Citing rising costs, Wal-Mart is substantially rolling back coverage for part-time workers and significantly raising premiums for many full-time staff. Read more..

By STEVEN GREENHOUSE and REED ABELSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
IntelINTC23,8624,2523,8024,03123M
General ElectricGE16,3716,5316,1316,31114M
MicrosoftMSFT27,1527,1926,8027,1676.6M
Wells Fargo & Co.WFC26,0926,4825,9126,3149.6M
JPMorgan ChaseJPM33,4834,0433,0133,4248.4M
PfizerPFE18,9019,2018,9019,0646.7M
Cisco SystemsCSCO17,3317,6017,1917,3846.2M
Oracle Corp.ORCL31,9432,2531,8232,1232.8M
AT&T Inc.T29,2529,3728,9829,1330.2M
Abbott LaboratoriesABT54,5854,6553,6153,8627.9M
ExxonMobilXOM79,5980,1679,1880,1327.9M
AppleAAPL398,10399,14390,75392,8722.2M
SchlumbergerSLB68,6469,2866,5267,3821.6M
MerckMRK33,1633,4233,0933,3518M
Verizon CommunicationsVZ37,1637,4636,6837,4217.6M
ComcastCMCSA23,7924,3623,7624,3317.6M
AltriaMO27,5327,6327,3127,4515.6M
HP Inc.HPQ25,0525,5824,9825,3815M
Wal-Mart StoresWMT56,7457,4256,6556,9214.5M
Home DepotHD36,1536,8635,9936,8614.1M
Walt Disney & Co.DIS34,1835,1634,0935,1613.7M
Johnson & JohnsonJNJ63,1163,8462,8963,7813.2M
Procter & GamblePG65,6166,3065,4766,2613M
General MotorsGM23,4024,3823,2024,3512.4M
McDonald'sMCD91,2292,4591,0992,3212.1M
ConocoPhillipsCOP71,0172,0070,8871,8311.8M
Coca-ColaKO67,9468,3267,4668,1911.6M
Bristol-Myers SquibbBMY32,4032,7932,3832,5611.3M
ChevronCVX104,50105,84104,21105,5310.9M
PepsicoPEP62,5762,8862,0062,2810.7M
UnitedHealth GroupUNH47,4348,5047,3147,929.22M
Berkshire HathawayBRK.B76,3077,5075,9277,458.06M
International Business MachinesIBM179,11181,67178,75181,638.05M
Gilead SciencesGILD41,3941,8041,1341,477M
AlphabetGOOGL589,51592,75586,70590,496.78M
AmgenAMGN57,7058,6357,5058,596.35M
BoeingBA63,3164,6463,1064,596.25M
United TechnologiesUTX75,0075,8474,5375,566.05M
Union PacificUNP95,4397,0094,9896,965.16M
3MMMM79,3880,5678,9880,485.13M
AmazonAMZN236,91237,00230,60234,784.57M
VisaV92,4993,4391,9093,433.53M
Exchange Rates of October 21, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 76,270 JPY1 JPY = 0,013 USD
US DollarCanadian Dollar1 USD = 1,007 CAD1 CAD = 0,993 USD
US DollarSwiss Franc1 USD = 0,882 CHF1 CHF = 1,134 USD
US DollarChinese Yuan1 USD = 6,383 CNY1 CNY = 0,157 USD
EuroJapanese Yen1 EUR = 105,930 JPY1 JPY = 0,009 EUR
EuroPound Sterling1 EUR = 0,871 GBP1 GBP = 1,148 EUR
EuroAustralian Dollar1 EUR = 1,339 AUD1 AUD = 0,747 EUR
EuroCanadian Dollar1 EUR = 1,398 CAD1 CAD = 0,715 EUR
EuroSwiss Franc1 EUR = 1,226 CHF1 CHF = 0,816 EUR
EuroChinese Yuan1 EUR = 8,871 CNY1 CNY = 0,113 EUR
Japanese YenPound Sterling1 JPY = 0,822 GBP1 GBP = 1,217 JPY
Japanese YenAustralian Dollar1 JPY = 1,263 AUD1 AUD = 0,792 JPY
Japanese YenCanadian Dollar1 JPY = 1,320 CAD1 CAD = 0,758 JPY
Japanese YenSwiss Franc1 JPY = 1,158 CHF1 CHF = 0,864 JPY
Pound SterlingAustralian Dollar1 GBP = 1,537 AUD1 AUD = 0,651 GBP
Pound SterlingCanadian Dollar1 GBP = 1,605 CAD1 CAD = 0,623 GBP
Pound SterlingSwiss Franc1 GBP = 1,408 CHF1 CHF = 0,710 GBP
Pound SterlingChinese Yuan1 GBP = 10,185 CNY1 CNY = 0,098 GBP
Australian DollarCanadian Dollar1 AUD = 1,044 CAD1 CAD = 0,957 AUD
Australian DollarSwiss Franc1 AUD = 0,912 CHF1 CHF = 1,096 AUD
Australian DollarChinese Yuan1 AUD = 6,626 CNY1 CNY = 0,151 AUD
Canadian DollarSwiss Franc1 CAD = 0,875 CHF1 CHF = 1,143 CAD
Canadian DollarChinese Yuan1 CAD = 6,343 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 7,233 CNY1 CNY = 0,138 CHF

See what else happened on October 21, 2011