Financial news on October 22, 2009

Business and Financial news
A Reversal for eBay as Shoppers Return and Revenue Rises, but Profit Still Slides

The results did provide some indication that the online shopping site may be pulling out of its yearlong slump. Read more..

By CLAIRE CAIN MILLER - The New York Times

A Slow Summer Hurt Continental and American Airlines

Continental’s chief predicted “a new normal that is better than what we see today, but not as good as we saw in the past.” Read more..


As the Dollar Sinks, Oil Skyrockets

Despite lagging demand, investors are turning to commodities like oil to avoid the weakness of the American dollar. Read more..

By CLIFFORD KRAUSS - The New York Times

Bank of America Sells Republic Bank to Private Equity Firms

The sale will let Bank of America raise capital and unload a unit that many analysts say does not fit well into its strategy. Read more..

By ZACHERY KOUWE - The New York Times

Boeing Reports $1.6 Billion Loss Because of Delays

The loss includes a charge of $2.5 billion for delays in the 787 Dreamliner and $1 billion for the 747-8 jumbo jet. Read more..

By CHRISTOPHER DREW - The New York Times

Deciphering iPhone Icons

My iPhone displays an E icon for the Edge network when it cannot get a 3G signal from AT&T. But sometimes, instead of the Edge icon, I see a hollow blue dot. What does that mean? Read more..

By J. D. BIERSDORFER - The New York Times

Financial Woes Plagued Galleon Informant

The former employee who brought down the Galleon hedge fund had legal problems of her own. Read more..

By ALEX BERENSON - The New York Times

The Billion Designers of Windows 7

In Microsoft’s new ad campaign, the company credits a billion PC users with the creative genius behind moving beyond a certain unnamed previous Windows operating system. Read more..

By STUART ELLIOTT - The New York Times

T.L.C. to Help an Old Laptop Overcome Its Age

Laptop users who know where to look online and have a little skill can extend the life of their timeworn machines. Read more..

By JOHN BIGGS - The New York Times

Who Gets Paid What

Kenneth R. Feinberg listened for months as companies argued that pay restrictions would drive away talent. Read more..

By LOUISE STORY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.5015.5815.1115.34125M
Wells Fargo & Co.WFC28.7930.2828.6130.1774.9M
AT&T Inc.T26.3826.6426.0226.1043.8M
Cisco SystemsCSCO23.9024.2523.8324.1833.9M
JPMorgan ChaseJPM44.9245.8744.8345.7132.4M
Oracle Corp.ORCL21.9522.2621.8322.1927M
Verizon CommunicationsVZ29.1729.4928.9729.0226.7M
Wal-Mart StoresWMT50.6250.7550.0350.4824.6M
Abbott LaboratoriesABT51.1252.3150.8152.1715.6M
Gilead SciencesGILD44.5945.0944.4844.6015.3M
Home DepotHD26.2126.8526.0526.7214.9M
Bristol-Myers SquibbBMY22.6322.6722.1222.4614.2M
UnitedHealth GroupUNH25.0526.0025.0225.7113.8M
Procter & GamblePG57.4858.3257.3758.1310.3M
Johnson & JohnsonJNJ60.1561.2460.0460.949.93M
Union PacificUNP62.4263.3159.5561.129.33M
HP Inc.HPQ48.0748.4947.7348.329.19M
Walt Disney & Co.DIS29.0729.5728.8529.447.55M
International Business MachinesIBM120.75123.00120.34122.696.03M
United TechnologiesUTX65.2666.0664.9065.904.8M
Berkshire HathawayBRK.B3294.003339.003272.003339.0035.8K
Exchange Rates of October 22, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.330 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.047 CAD1 CAD = 0.955 USD
US DollarSwiss Franc1 USD = 1.005 CHF1 CHF = 0.995 USD
US DollarChinese Yuan1 USD = 6.830 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 137.220 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.904 GBP1 GBP = 1.106 EUR
EuroAustralian Dollar1 EUR = 1.621 AUD1 AUD = 0.617 EUR
EuroCanadian Dollar1 EUR = 1.573 CAD1 CAD = 0.636 EUR
EuroSwiss Franc1 EUR = 1.510 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 10.262 CNY1 CNY = 0.097 EUR
Japanese YenPound Sterling1 JPY = 0.659 GBP1 GBP = 1.518 JPY
Japanese YenAustralian Dollar1 JPY = 1.181 AUD1 AUD = 0.847 JPY
Japanese YenCanadian Dollar1 JPY = 1.146 CAD1 CAD = 0.873 JPY
Japanese YenSwiss Franc1 JPY = 1.100 CHF1 CHF = 0.909 JPY
Pound SterlingAustralian Dollar1 GBP = 1.793 AUD1 AUD = 0.558 GBP
Pound SterlingCanadian Dollar1 GBP = 1.740 CAD1 CAD = 0.575 GBP
Pound SterlingSwiss Franc1 GBP = 1.670 CHF1 CHF = 0.599 GBP
Pound SterlingChinese Yuan1 GBP = 11.336 CNY1 CNY = 0.088 GBP
Australian DollarCanadian Dollar1 AUD = 0.970 CAD1 CAD = 1.031 AUD
Australian DollarSwiss Franc1 AUD = 0.930 CHF1 CHF = 1.075 AUD
Australian DollarChinese Yuan1 AUD = 6.323 CNY1 CNY = 0.158 AUD
Canadian DollarSwiss Franc1 CAD = 0.959 CHF1 CHF = 1.042 CAD
Canadian DollarChinese Yuan1 CAD = 6.519 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.794 CNY1 CNY = 0.147 CHF

See what else happened on October 22, 2009