Financial news on October 26th, 2007

Business and Financial news
Blair’s Advance for Memoir Said to Be About $9 Million

The rights to publish Tony Blair’s memoir were bought by two divisions of Random House: Alfred A. Knopf in the U.S. and Canada and Hutchinson in Britain. Read more..

By MOTOKO RICH - The New York Times

Facebook’s Stock Options

Can Facebook lure the hottest talent with the prospective of becoming millionaires with stock options? Some people suggest the $15 billion valuation of the company will make it harder to get rich, really rich, there. Read more..

By MIGUEL HELFT - The New York Times

Hong Kong Exchange Sits Out the Dance, for Now

Hong Kong has made no secret that closer integration with the booming exchanges of Shanghai and Shenzhen are vital to its future as a financial center. Read more..

By DONALD GREENLEES - The New York Times

Merrill’s Chief Is Said to Consider a Bid to Merge

E. Stanley O’Neal reportedly floated the possibility of a merger to Wachovia without board approval. Read more..


Mexicans Miss Money From Relatives Up North

After years of strong increases, the amount of migrant money flowing to Mexico has stagnated. Read more..

By ELISABETH MALKIN - The New York Times

Oil Prices Continue to Rise

After topping off at $92.22 a barrel before the opening bell on bullish trading in the Asian and European markets, oil closed at $91.86 on the New York Mercantile Exchange. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Sony Profit Spikes on Sales of Consumer Electronics

Sharply higher quarterly profits are the latest sign that cost-cutting and the disposal of some units have set the electronics and entertainment giant firmly on the course to recovery. Read more..

By MARTIN FACKLER - The New York Times

Supply Worries Push Oil Above $90; Stocks End Flat

Oil prices, pushed up by a host of concerns including Middle East tensions and worries about supply, closed above $90 a barrel, contributing to an erratic day on Wall Street. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO31.8132.1031.3131.9042.2M
Oracle Corp.ORCL21.3221.3520.9921.3531.4M
General ElectricGE40.3540.5039.9640.3825.7M
AT&T Inc.T41.3141.5140.7341.4620.2M
JPMorgan ChaseJPM46.9647.4545.9347.3218.9M
Wells Fargo & Co.WFC34.4934.6433.7034.5518.4M
Wal-Mart StoresWMT44.5544.8144.1144.6417M
Verizon CommunicationsVZ45.3645.7945.0045.6013.7M
Bristol-Myers SquibbBMY29.6930.0329.5129.7513.5M
Home DepotHD31.0131.5530.5031.3512.5M
HP Inc.HPQ52.1952.6451.9652.4711.9M
Abbott LaboratoriesABT54.2754.3553.8954.0711.8M
Walt Disney & Co.DIS34.6234.7233.9434.3811.5M
Johnson & JohnsonJNJ64.1864.6063.8264.309.53M
Procter & GamblePG71.6071.7671.1271.759.32M
Gilead SciencesGILD46.3246.6845.4646.378.86M
UnitedHealth GroupUNH48.6248.7847.0047.996.13M
United TechnologiesUTX76.1176.3274.9475.445.77M
International Business MachinesIBM113.00114.00112.07113.735.03M
Union PacificUNP128.53128.66126.29127.901.28M
Berkshire HathawayBRK.B4240.004391.504233.004233.0015K
Exchange Rates of October 26th, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 114.170 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.962 CAD1 CAD = 1.040 USD
US DollarSwiss Franc1 USD = 1.164 CHF1 CHF = 0.859 USD
US DollarChinese Yuan1 USD = 7.488 CNY1 CNY = 0.134 USD
EuroJapanese Yen1 EUR = 164.330 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.701 GBP1 GBP = 1.426 EUR
EuroAustralian Dollar1 EUR = 1.567 AUD1 AUD = 0.638 EUR
EuroCanadian Dollar1 EUR = 1.384 CAD1 CAD = 0.722 EUR
EuroSwiss Franc1 EUR = 1.676 CHF1 CHF = 0.597 EUR
Japanese YenPound Sterling1 JPY = 0.427 GBP1 GBP = 2.345 JPY
Japanese YenAustralian Dollar1 JPY = 0.953 AUD1 AUD = 1.049 JPY
Japanese YenCanadian Dollar1 JPY = 0.842 CAD1 CAD = 1.188 JPY
Japanese YenSwiss Franc1 JPY = 1.019 CHF1 CHF = 0.981 JPY
Pound SterlingAustralian Dollar1 GBP = 2.234 AUD1 AUD = 0.448 GBP
Pound SterlingCanadian Dollar1 GBP = 1.974 CAD1 CAD = 0.507 GBP
Pound SterlingSwiss Franc1 GBP = 2.389 CHF1 CHF = 0.419 GBP
Australian DollarCanadian Dollar1 AUD = 0.883 CAD1 CAD = 1.133 AUD
Australian DollarSwiss Franc1 AUD = 1.069 CHF1 CHF = 0.936 AUD
Canadian DollarSwiss Franc1 CAD = 1.210 CHF1 CHF = 0.826 CAD

See what else happened on October 26th, 2007