Financial news on October 22, 2014

Business and Financial news
A Teardown Builds Up a Delaware Housing Development

Development in Wilmington, Del, called The Flats, which was built in early 20th century to provide affordable housing for working-class families, is being reconstructed to be larger and more energy-efficient. Read more..

By JON HURDLE - The New York Times

Ben Bradlee, Washington Editor and Watergate Warrior, Dies at 93

Mr. Bradlee, a quintessential newspaper editor, supervised The Washington Post’s exposure of the Watergate scandal that led to the resignation of President Richard M. Nixon. Read more..

By MARILYN BERGER - The New York Times

Bloomberg Hires Joseph Weisenthal, Business Insider’s Executive Editor

Bloomberg names Joseph Weisenthal, executive editor at Business Insider, to lead markets and finance news site and host television show. Read more..

By RAVI SOMAIYA - The New York Times

Daily Report: Yahoo Growing Again, but Strategy Remains Hazy

Strong third-quarter results at Yahoo ended a long pattern of declines. Read more..

By THE NEW YORK TIMES - The New York Times

Daimler Expects $780 Million Gain on Sale of Tesla Motors Stake

The German automaker Daimler, which first took a stake in Tesla in 2009, said it would continue its joint development projects with the company, which makes electric cars. Read more..

By CHAD BRAY - The New York Times

E.U. Banking Watchdog Warns of Legal Breach by Bulgaria

The warning comes after the country’s authorities continued to block depositors’ access to money at a troubled lender. Read more..

By GEORGI KANTCHEV - The New York Times

Few Answers After an Alert on Takata Airbags

Consumers get few answers day after federal safety regulators warned owners of recalled vehicles with defective air bags made by Takata Corp to get them replaced because they could explode; National Highway Traffic Safety Administration site that allows drivers to look up a car by vehicle identification number was not responding, and calls were put on hold. Read more..


Marissa Mayer Can Report Growth at Yahoo, but Strategy Is No Clearer

Yahoo reports third-quarter revenue of $1.15 billion, increase of 1 percent from year-ago quarter, ending long pattern of declines; strategy of company remains unclear, however. Read more..

By VINDU GOEL - The New York Times

Nelson Bunker Hunt, 88, Oil Tycoon With a Texas-Size Presence, Dies

Nelson Bunker Hunt, Texas oil tycoon who once tried to corner the world’s silver market only to lose most of his fortune when the price collapsed, dies at age 88. Read more..

By ROBERT D. McFADDEN - The New York Times

P.R. Group’s Soul-Searching Leads to Shifts in Strategy

Advertising column; Council of Public Relations Firms plans to adopt an informal name, the PR Council, and promote the benefits of public relations to senior executives of client companies. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE25,3425,4825,1525,1930M
Cisco SystemsCSCO23,6723,6823,2423,2625.2M
AT&T Inc.T34,7834,7934,3834,5024.9M
Wells Fargo & Co.WFC50,5250,6950,1450,1720.1M
General MotorsGM30,6131,5130,5731,3117.8M
Oracle Corp.ORCL38,3738,4337,5837,6416.8M
Gilead SciencesGILD106,51107,00104,08106,0913.8M
JPMorgan ChaseJPM58,0458,2657,4457,4513.7M
HP Inc.HPQ34,7334,9034,4534,4913.4M
Verizon CommunicationsVZ48,6948,8448,2648,3113.3M
International Business MachinesIBM162,41165,41161,10161,7911.1M
Procter & GamblePG84,0684,5983,9284,239.75M
Johnson & JohnsonJNJ101,10101,79100,52101,229.36M
Walt Disney & Co.DIS87,9488,6186,9887,109.31M
Abbott LaboratoriesABT42,5043,0341,4841,596.99M
Bristol-Myers SquibbBMY52,0152,3151,6751,846.23M
United TechnologiesUTX103,11103,11101,06101,186.18M
Wal-Mart StoresWMT76,4776,6676,0176,035.93M
Home DepotHD94,3094,9993,2493,345.91M
Union PacificUNP108,53109,12106,71106,865.5M
UnitedHealth GroupUNH91,4491,4489,7189,774.29M
Berkshire HathawayBRK.B139,34139,48137,60137,654.02M
Exchange Rates of October 22, 2014
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107,200 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,124 CAD1 CAD = 0,890 USD
US DollarSwiss Franc1 USD = 0,954 CHF1 CHF = 1,048 USD
US DollarChinese Yuan1 USD = 6,118 CNY1 CNY = 0,163 USD
EuroJapanese Yen1 EUR = 135,550 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,788 GBP1 GBP = 1,269 EUR
EuroAustralian Dollar1 EUR = 1,443 AUD1 AUD = 0,693 EUR
EuroCanadian Dollar1 EUR = 1,421 CAD1 CAD = 0,704 EUR
EuroSwiss Franc1 EUR = 1,206 CHF1 CHF = 0,829 EUR
EuroChinese Yuan1 EUR = 7,735 CNY1 CNY = 0,129 EUR
Japanese YenPound Sterling1 JPY = 0,581 GBP1 GBP = 1,721 JPY
Japanese YenAustralian Dollar1 JPY = 1,064 AUD1 AUD = 0,940 JPY
Japanese YenCanadian Dollar1 JPY = 1,048 CAD1 CAD = 0,954 JPY
Japanese YenSwiss Franc1 JPY = 0,890 CHF1 CHF = 1,124 JPY
Pound SterlingAustralian Dollar1 GBP = 1,831 AUD1 AUD = 0,546 GBP
Pound SterlingCanadian Dollar1 GBP = 1,803 CAD1 CAD = 0,555 GBP
Pound SterlingSwiss Franc1 GBP = 1,530 CHF1 CHF = 0,653 GBP
Pound SterlingChinese Yuan1 GBP = 9,813 CNY1 CNY = 0,102 GBP
Australian DollarCanadian Dollar1 AUD = 0,985 CAD1 CAD = 1,015 AUD
Australian DollarSwiss Franc1 AUD = 0,836 CHF1 CHF = 1,196 AUD
Australian DollarChinese Yuan1 AUD = 5,361 CNY1 CNY = 0,187 AUD
Canadian DollarSwiss Franc1 CAD = 0,848 CHF1 CHF = 1,179 CAD
Canadian DollarChinese Yuan1 CAD = 5,443 CNY1 CNY = 0,184 CAD
Swiss FrancChinese Yuan1 CHF = 6,412 CNY1 CNY = 0,156 CHF

See what else happened on October 22, 2014