Financial news on October 24, 2007

Business and Financial news
Blazing a Trail Out of Chaos

What many entrepreneurs lack in the appearance of sophistication is more than made up for by street smarts and bulldog tenacity. Read more..

By BRENT BOWERS - The New York Times

China’s Green Energy Gap

In China, where coal is king, the government’s push to increase the use of alternative energies faces obstacles, from bureaucracy to bottlenecks in manufacturing. Read more..

By KEITH BRADSHER - The New York Times

Countrywide to Help Restructure Loans

The lender’s efforts follow weeks of intense criticism from advocacy groups contending that Countrywide did not move quickly to help its borrowers escape risky, high-cost loans. Read more..

By GRETCHEN MORGENSON - The New York Times

Earnings Show Amazon Is Back on Top

Amazon.com stock is back in the stratosphere, propelled by improved profit margins and swelling revenues. Read more..

By BRAD STONE - The New York Times

Lessons Even Thomas Could Learn

Companies involved in the recent toy recalls are not simply the unlucky ones that got caught, but are the ones that didn’t make an effort to keep their toys safe. Read more..

By DAVID LEONHARDT - The New York Times

Merrill Lynch to Report $2.5 Billion in Added Loss

Merrill Lynch is expected to report that it will add to its announced write-downs, a person briefed on the plan said. Read more..

By JENNY ANDERSON and LANDON THOMAS, Jr - The New York Times

Nokia Continues to Dominate Global Cellphone Market

In the third quarter, Nokia had nearly 40 percent of the global cellphone market. Samsung edged out Motorola for second place. Read more..

By SAUL HANSELL - The New York Times

Rally in Technology Companies and Drop in Oil Price Help Lift Major Markets

Stocks rose after better-than-expected earnings from Apple and American Express eased concern that the housing slump has depressed consumer spending. Read more..

By BLOOMBERG NEWS - The New York Times

Rockies Rebound After Virtual Pummeling

The Colorado Rockies take two days to revive their ticket-sales Web site after it crashes from the weight of fans and potential scalpers. Read more..

By MATT RICHTEL - The New York Times

Verizon Wireless Ends F.C.C. Fight

The wireless company abandoned its legal challenge of F.C.C. rules for its auction of radio spectrum, removing a potential obstacle to the much-anticipated sale. Read more..

By DOW JONES/AP - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 26.33 26.39 25.46 26.01 89.8M
Microsoft MSFT 30.85 31.30 30.50 31.25 78M
Cisco Systems CSCO 31.16 31.36 30.52 31.26 48.6M
Apple AAPL 185.81 187.21 179.24 185.93 46M
Pfizer PFE 24.03 24.05 23.61 23.98 45.1M
Amazon AMZN 90.87 90.88 83.27 88.73 41.6M
General Electric GE 40.42 40.48 39.40 40.23 41.2M
Oracle Corp. ORCL 21.26 21.35 20.85 21.18 31.8M
Wells Fargo & Co. WFC 33.51 34.34 32.87 34.04 31.5M
AT&T Inc. T 41.90 41.90 40.34 41.55 30.1M
JPMorgan Chase JPM 45.73 46.44 44.74 46.27 27.4M
ExxonMobil XOM 90.87 92.34 90.50 92.13 24.3M
Comcast CMCSA 23.43 23.91 23.15 23.85 23.3M
Wal-Mart Stores WMT 44.10 44.18 43.27 43.87 22.3M
ConocoPhillips COP 83.22 83.22 80.50 81.65 19.1M
Home Depot HD 30.99 31.04 30.28 30.88 18.5M
Merck MRK 56.36 56.75 55.74 56.20 17.3M
Abbott Laboratories ABT 52.01 52.95 51.36 52.86 17.2M
Bristol-Myers Squibb BMY 28.36 28.48 27.90 28.42 15.8M
Alphabet GOOGL 672.71 677.47 659.56 675.82 14.8M
Amgen AMGN 57.80 58.57 56.99 58.13 14.1M
Verizon Communications VZ 44.54 44.68 43.51 44.42 12.9M
Schlumberger SLB 99.65 101.56 98.57 100.86 12.7M
HP Inc. HPQ 51.69 51.85 50.43 51.60 12.7M
Johnson & Johnson JNJ 64.33 64.52 63.73 64.44 11.1M
Chevron CVX 89.12 90.42 88.30 89.90 11M
Procter & Gamble PG 71.16 71.49 70.63 71.38 10.1M
Boeing BA 95.69 96.08 93.02 94.26 9.72M
Altria MO 72.19 72.84 71.44 72.36 9.61M
Coca-Cola KO 59.50 60.20 59.36 60.18 9.32M
McDonald's MCD 56.88 57.25 56.23 57.15 8.25M
Gilead Sciences GILD 42.87 44.08 42.50 43.96 8.22M
International Business Machines IBM 114.20 114.45 111.68 112.95 8.07M
Walt Disney & Co. DIS 34.55 35.11 34.36 35.06 7.85M
UnitedHealth Group UNH 49.25 49.42 47.90 48.47 7.37M
United Technologies UTX 75.81 76.65 75.20 76.49 5.27M
Pepsico PEP 71.18 71.90 70.94 71.80 5.08M
3M MMM 85.92 86.14 84.40 86.10 5.01M
Union Pacific UNP 128.97 129.38 125.65 129.03 2.49M
Berkshire Hathaway BRK.B 4272.00 4273.00 4235.00 4247.00 10.4K
Exchange Rates of October 24, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 114.180 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 0.968 CAD 1 CAD = 1.033 USD
US Dollar Swiss Franc 1 USD = 1.172 CHF 1 CHF = 0.854 USD
US Dollar Chinese Yuan 1 USD = 7.494 CNY 1 CNY = 0.133 USD
Euro Japanese Yen 1 EUR = 162.890 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.696 GBP 1 GBP = 1.437 EUR
Euro Australian Dollar 1 EUR = 1.579 AUD 1 AUD = 0.633 EUR
Euro Canadian Dollar 1 EUR = 1.381 CAD 1 CAD = 0.724 EUR
Euro Swiss Franc 1 EUR = 1.671 CHF 1 CHF = 0.598 EUR
Japanese Yen Pound Sterling 1 JPY = 0.427 GBP 1 GBP = 2.342 JPY
Japanese Yen Australian Dollar 1 JPY = 0.969 AUD 1 AUD = 1.032 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.848 CAD 1 CAD = 1.180 JPY
Japanese Yen Swiss Franc 1 JPY = 1.026 CHF 1 CHF = 0.975 JPY
Pound Sterling Australian Dollar 1 GBP = 2.269 AUD 1 AUD = 0.441 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.985 CAD 1 CAD = 0.504 GBP
Pound Sterling Swiss Franc 1 GBP = 2.401 CHF 1 CHF = 0.416 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.874 CAD 1 CAD = 1.144 AUD
Australian Dollar Swiss Franc 1 AUD = 1.058 CHF 1 CHF = 0.945 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.210 CHF 1 CHF = 0.827 CAD

See what else happened on October 24, 2007