Financial news on October 23, 2007
Business and Financial news
Although Bear Stearns investors want to see the firm increase its international exposure, there is uncertainty as to whether the Citic deal will contribute to earnings. Read more..
The company also benefited from Apple’s strong sales of the iPhone, for which AT&T is the sole carrier. Read more..
Even though we spend about $5 billion a year on airport security, why do airport checkpoints still look like garage sales? Read more..
The Royal Bank of Scotland Group is setting up a fund that will buy the assets of Cheyne Finance, a structured investment vehicle that defaulted last week. Read more..
Workers at all four big assembly plants where voting has taken place have rejected the contract, but the agreement still has a good chance of ratification. Read more..
With a market value of $162 billion, Apple is now the most valuable computer maker in the world, and it is the fourth most valuable technology company, after Microsoft, Google and Cisco. It will have to battle all of them to stay on top of the tech world. Read more..
Wal-Mart will pay up to 100 billion yen ($876 million) to take full control of Seiyu after a five-year investment failed to return the Japanese chain to profit. Read more..
The European Court of Justice is expected to strike down the so-called Volkswagen Law, created by Germany’s government to protect the automaker from an unwanted takeover. Read more..
Sallie Mae’s would-be buyers say the merger contract allows them to terminate the deal due to recent changes in student lending, which have reduced its potential for future earnings. Read more..
Bolstered by lower costs for newsprint and strong entertainment and fashion advertising, The New York Times Company reported a 7 percent increase in net income. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Intel | INTC | 26,64 | 26,82 | 26,16 | 26,80 | 67.3M |
Apple | AAPL | 188,56 | 188,60 | 182,76 | 186,16 | 64.1M |
Cisco Systems | CSCO | 31,35 | 31,58 | 30,09 | 31,54 | 50.3M |
Microsoft | MSFT | 30,75 | 31,12 | 30,71 | 30,90 | 50M |
Amazon | AMZN | 95,28 | 101,09 | 94,21 | 100,82 | 41.8M |
Wal-Mart Stores | WMT | 45,25 | 45,58 | 43,50 | 43,93 | 38.1M |
Pfizer | PFE | 24,13 | 24,21 | 23,92 | 24,05 | 32.4M |
Oracle Corp. | ORCL | 21,40 | 21,49 | 21,12 | 21,45 | 30.1M |
AT&T Inc. | T | 41,50 | 42,15 | 41,21 | 42,02 | 27.7M |
General Electric | GE | 40,26 | 40,59 | 40,02 | 40,48 | 26.9M |
ExxonMobil | XOM | 91,47 | 92,40 | 90,00 | 91,35 | 24.1M |
Merck | MRK | 54,85 | 56,43 | 54,00 | 56,36 | 18.8M |
Amgen | AMGN | 56,17 | 57,99 | 55,57 | 57,70 | 18.3M |
Comcast | CMCSA | 23,74 | 23,86 | 23,41 | 23,60 | 16.5M |
Home Depot | HD | 31,20 | 31,20 | 30,40 | 30,92 | 16.4M |
Bristol-Myers Squibb | BMY | 28,96 | 29,17 | 28,27 | 28,54 | 15.2M |
Schlumberger | SLB | 97,30 | 100,06 | 96,05 | 99,92 | 14.7M |
Wells Fargo & Co. | WFC | 34,10 | 34,17 | 33,50 | 33,76 | 13.8M |
ConocoPhillips | COP | 83,39 | 83,93 | 81,83 | 83,22 | 13.6M |
Alphabet | GOOGL | 661,26 | 677,60 | 660,00 | 675,77 | 13.6M |
JPMorgan Chase | JPM | 45,92 | 45,99 | 45,13 | 45,94 | 13.5M |
Verizon Communications | VZ | 44,37 | 44,93 | 44,25 | 44,81 | 10.7M |
HP Inc. | HPQ | 51,78 | 52,00 | 51,03 | 51,86 | 9.7M |
Chevron | CVX | 88,93 | 89,71 | 87,82 | 88,92 | 9.63M |
McDonald's | MCD | 56,20 | 56,97 | 55,69 | 56,97 | 9M |
Altria | MO | 71,92 | 72,20 | 71,31 | 72,09 | 8.97M |
Abbott Laboratories | ABT | 50,77 | 52,35 | 50,77 | 51,82 | 8.74M |
Johnson & Johnson | JNJ | 64,40 | 64,60 | 63,96 | 64,55 | 7.73M |
Procter & Gamble | PG | 71,17 | 71,36 | 70,64 | 71,26 | 7.7M |
3M | MMM | 86,87 | 87,06 | 84,39 | 85,93 | 7.48M |
Gilead Sciences | GILD | 42,61 | 43,31 | 42,29 | 43,02 | 6.6M |
UnitedHealth Group | UNH | 48,18 | 49,14 | 48,15 | 48,84 | 6.57M |
Walt Disney & Co. | DIS | 34,82 | 34,96 | 34,58 | 34,89 | 6.38M |
Boeing | BA | 95,76 | 95,96 | 94,16 | 94,95 | 6.11M |
Coca-Cola | KO | 59,31 | 59,78 | 59,25 | 59,75 | 5.83M |
International Business Machines | IBM | 113,78 | 114,80 | 113,50 | 114,68 | 5.56M |
Pepsico | PEP | 71,27 | 71,58 | 70,71 | 71,53 | 4.88M |
United Technologies | UTX | 76,45 | 76,60 | 75,42 | 76,02 | 4.09M |
Union Pacific | UNP | 126,99 | 130,00 | 126,99 | 129,96 | 3.7M |
Berkshire Hathaway | BRK.B | 4213,00 | 4268,00 | 4213,00 | 4256,00 | 15.2K |
Exchange Rates of October 23, 2007
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 114,690 JPY | 1 JPY = 0,009 USD |
US Dollar | Canadian Dollar | 1 USD = 0,966 CAD | 1 CAD = 1,036 USD |
US Dollar | Swiss Franc | 1 USD = 1,173 CHF | 1 CHF = 0,853 USD |
US Dollar | Chinese Yuan | 1 USD = 7,502 CNY | 1 CNY = 0,133 USD |
Euro | Japanese Yen | 1 EUR = 163,560 JPY | 1 JPY = 0,006 EUR |
Euro | Pound Sterling | 1 EUR = 0,695 GBP | 1 GBP = 1,438 EUR |
Euro | Australian Dollar | 1 EUR = 1,588 AUD | 1 AUD = 0,630 EUR |
Euro | Canadian Dollar | 1 EUR = 1,377 CAD | 1 CAD = 0,726 EUR |
Euro | Swiss Franc | 1 EUR = 1,673 CHF | 1 CHF = 0,598 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0,425 GBP | 1 GBP = 2,353 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 0,970 AUD | 1 AUD = 1,031 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0,841 CAD | 1 CAD = 1,188 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1,022 CHF | 1 CHF = 0,978 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2,284 AUD | 1 AUD = 0,438 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1,980 CAD | 1 CAD = 0,505 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 2,405 CHF | 1 CHF = 0,416 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0,867 CAD | 1 CAD = 1,154 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 1,053 CHF | 1 CHF = 0,950 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1,214 CHF | 1 CHF = 0,824 CAD |
See what else happened on October 23, 2007