Financial news on October 25, 2010

Business and Financial news
Accounts and People of Note in the Ad Industry

Amy L. Andrews joined Media Networks in a new post, director for publisher relations, working for MNI and its divisions Targeted Media and MNI MediaConnect. Read more..

By THE NEW YORK TIMES - The New York Times

Adobe Declares Its Independent Streak

Adobe Systems aims to grow independently, its chief executive told a German newspaper, following speculation the software maker could become a takeover target for Microsoft, according to Reuters. Read more..

By DEALBOOK - The New York Times

Buffett Hires Manager for Big Part of Portfolio

Warren E. Buffett’s Berkshire Hathaway announced on Monday that it has hired Todd Combs of Castle Point Capital to manage a “significant portion” of its investment portfolio. Read more..

By THOMAS KAPLAN - The New York Times

CommScope Shares Pop Amid Carlyle Deal Talks

The company’s shares rose after it confirmed DealBook’s report of talks with the Carlyle Group. Analysts wrote that a deal makes sense, given CommScope’s positive business prospects. Read more..

By DEALBOOK - The New York Times

Hochtief Chief Sounded Out Qatar to Fend Off ACS

Hochtief’s chief executive, Herbert Luetkestratkoetter, met with Qatar’s economy minister at the end of September, lobbying for support against an unwanted low-ball offer from Spain’s ACS. Read more..

By DEALBOOK - The New York Times

I.M.F. Gains Sway, but Its Authority Is Uncertain

Whether the International Monetary Fund is up to the task of policing its members and exerting influence on the most powerful ones remains far from clear. Read more..

By SEWELL CHAN - The New York Times

Marubeni in Deal for 4 BP Wells in Gulf of Mexico

Marubeni Corporation of Japan said on Monday it has agreed to pay $650 million for the stakes held by a unit of BP in four oil and gas wells in the U.S. Gulf of Mexico, as the British oil company looks to offload assets in the wake of a massive oil spill in the region. Read more..

By DEALBOOK - The New York Times

OMV Taking Over Turkish Fuel Distributor

OMV, the Austrian energy company, said Monday that it was buying more than half of the Turkish oil company Petrol Ofisi from Dogan Holding for 1 billion euros, raising its stake in Petrol to more than 95 percent. Read more..

By DEALBOOK - The New York Times

Selling New Wine in Millennial Bottles

Three agencies work on a campaign aimed at echo boomers, or millennials, for the HobNob line of wines from France. Read more..

By STUART ELLIOTT - The New York Times

Wall St. and Private Equity: Frenemies?

With Guy Hands squaring off in court against his opera and hunting mate, David Wormsley, and the lawsuit brought against Teddy Forstmann by a tennis buddy, it’s a reminder that personal ties only go so far in finance, Reuters Breakingviews says. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Pfizer PFE 17.57 17.73 17.56 17.62 67.3M
General Electric GE 16.26 16.32 16.06 16.06 53.6M
Microsoft MSFT 25.24 25.35 25.17 25.19 50.9M
Intel INTC 19.95 20.00 19.80 19.87 45.8M
JPMorgan Chase JPM 37.97 38.07 37.00 37.07 37.9M
Cisco Systems CSCO 23.63 23.90 23.57 23.61 37.1M
Wells Fargo & Co. WFC 26.37 26.42 25.52 25.72 36.8M
Comcast CMCSA 19.62 19.90 19.51 19.77 34.3M
Oracle Corp. ORCL 29.15 29.29 28.81 28.84 30.7M
ConocoPhillips COP 62.11 62.63 61.28 61.34 22.7M
AT&T Inc. T 28.49 28.52 28.26 28.36 17.9M
ExxonMobil XOM 66.68 66.81 66.16 66.20 16.5M
Verizon Communications VZ 32.30 32.61 32.20 32.35 15.6M
Apple AAPL 309.09 311.60 308.44 308.84 14M
HP Inc. HPQ 42.96 43.23 42.56 42.88 13.2M
Abbott Laboratories ABT 52.85 53.23 52.46 52.51 13M
Schlumberger SLB 68.53 69.91 68.49 68.53 12.8M
Altria MO 25.01 25.23 24.98 25.06 12.2M
Walt Disney & Co. DIS 35.16 35.72 35.10 35.46 11.2M
Merck MRK 37.30 37.68 37.29 37.42 10.7M
Coca-Cola KO 61.29 61.75 60.99 61.01 10.6M
Gilead Sciences GILD 39.36 39.83 39.28 39.54 10.1M
Procter & Gamble PG 63.73 63.81 63.48 63.54 8.93M
Home Depot HD 31.42 31.83 31.32 31.40 8.56M
Bristol-Myers Squibb BMY 27.01 27.23 26.99 27.16 8.22M
Wal-Mart Stores WMT 54.18 54.40 53.90 53.95 7.96M
Johnson & Johnson JNJ 64.04 64.23 63.85 63.98 7.79M
UnitedHealth Group UNH 37.52 37.95 37.46 37.56 7.46M
Chevron CVX 85.13 85.79 84.74 84.87 6.76M
Pepsico PEP 65.18 65.33 64.88 65.05 6.58M
Amazon AMZN 171.57 171.99 168.32 169.00 6.53M
Alphabet GOOGL 615.59 624.74 614.97 616.50 6.31M
Amgen AMGN 57.98 58.42 57.72 57.95 5.18M
International Business Machines IBM 140.42 141.40 139.81 139.84 4.87M
Boeing BA 71.68 72.49 71.47 71.66 4.8M
Visa V 80.01 80.71 79.65 80.63 4.13M
McDonald's MCD 78.99 79.25 78.63 78.70 4.1M
United Technologies UTX 75.46 75.57 74.80 75.01 4.07M
Berkshire Hathaway BRK.B 83.52 84.00 83.28 83.33 3.55M
Union Pacific UNP 87.09 88.06 86.81 87.19 3.44M
3M MMM 90.63 91.49 90.63 90.90 3.19M
Exchange Rates of October 25, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 80.780 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.020 CAD 1 CAD = 0.981 USD
US Dollar Swiss Franc 1 USD = 0.971 CHF 1 CHF = 1.030 USD
US Dollar Chinese Yuan 1 USD = 6.659 CNY 1 CNY = 0.150 USD
Euro Japanese Yen 1 EUR = 112.720 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.887 GBP 1 GBP = 1.127 EUR
Euro Australian Dollar 1 EUR = 1.409 AUD 1 AUD = 0.710 EUR
Euro Canadian Dollar 1 EUR = 1.423 CAD 1 CAD = 0.703 EUR
Euro Swiss Franc 1 EUR = 1.356 CHF 1 CHF = 0.738 EUR
Euro Chinese Yuan 1 EUR = 9.301 CNY 1 CNY = 0.108 EUR
Japanese Yen Pound Sterling 1 JPY = 0.787 GBP 1 GBP = 1.271 JPY
Japanese Yen Australian Dollar 1 JPY = 1.250 AUD 1 AUD = 0.800 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.262 CAD 1 CAD = 0.792 JPY
Japanese Yen Swiss Franc 1 JPY = 1.202 CHF 1 CHF = 0.832 JPY
Pound Sterling Australian Dollar 1 GBP = 1.589 AUD 1 AUD = 0.630 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.604 CAD 1 CAD = 0.623 GBP
Pound Sterling Swiss Franc 1 GBP = 1.527 CHF 1 CHF = 0.655 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.466 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.010 CAD 1 CAD = 0.991 AUD
Australian Dollar Swiss Franc 1 AUD = 0.961 CHF 1 CHF = 1.040 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.597 CNY 1 CNY = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.952 CHF 1 CHF = 1.051 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.532 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.859 CNY 1 CNY = 0.146 CHF

See what else happened on October 25, 2010