Financial news on September 27, 2012

Business and Financial news
A Sizzling Hot Commodity

Examining the myth of a bacon shortage. | The N.F.L. ends labor dispute with referees. | Economic outlook dims across Europe. Read more..

Mac William Bishop, Channon Hodge and Pedro Rosado - The New York Times

Autoworkers Reach Deal With Chrysler

Canadian Auto Workers Union says it has reached a tentative agreement with Chrysler Canada, the last of the Detroit automakers to agree on contract. Read more..

By IAN AUSTEN - The New York Times

Build-A-Bear Goes High Tech

Elizabeth Olson Advertising column notes Build-A-Bear Workshop is introducing new technology-enhanced stores for children with radio and digital ads, print ads in local newspapers and television commercials; points out firm has sold nearly 110 million plush animals since it started in 1997. Read more..

By ELIZABETH OLSON - The New York Times

Europe Tries to Ease Concerns Over Rescue Plan for Banks

European Commission tries to calm some governments--notably Germany, Finland and the Netherlands--over recapitalizing ailing euro zone banks. Read more..

By JAMES KANTER - The New York Times

Finding Fame, and Sometimes Fortune, in Social Media

Tool Kit column notes that while some of Internet-famous have moved to the movie or TV screen, others have found a niche--and sometimes a comfortable living--on Twitter, Tumblr or Instagram. Read more..

By STEVEN LECKART - The New York Times

Huffington Post Continues Expansion With Site in Italy

Huffington Post launches its Italian-language Web site L'Huffington Post in Italy, fifth version of the Internet news outlet outside the United States. Read more..

By ERIC PFANNER - The New York Times

Japan's Automakers Scale Back Production in China as Sales Drop

In the wake of protests against Japan's decision to buy a group of disputed islands in the East China Sea, Japanese companies have taken steps to cut car output in China, an anomaly in the market. Read more..

By REUTERS - International Herald Tribune

Luxury Cosmetics Maker Weighs the Benefits of Selling Items on TV

Case Study column features EvePearl, Manhattan makeup studio, boutique and e-commerce business with 10 employees that sells cosmetics containing skin-care nutrients; founder Eve Pearl is considering pitching her products on ShopNBC. Read more..

By JOHN GROSSMANN - The New York Times

Russians Eagerly Participate in Medical Experiments, Despite Risks

Russian regulators, doctors and even many patients are increasingly embracing any chance they can get to take part in medical experiments; even though tests sometimes go awry, and side effects can be brutal, patients are eager to join drug trials because often they are the only way to receive modern medical care. Read more..

By ANDREW E. KRAMER - The New York Times

Toyota Moves to Revamp Its Lexus Luxury Line

Toyota Motor, with a strong comeback under way in mainstream sedans and SUV's, is planning to rejuvenate its Lexus brand by making the line more appealing to younger and more adventurous buyers. Read more..

By BILL VLASIC - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE22.2422.8622.1322.7367.3M
MicrosoftMSFT30.1730.4029.8930.1647.1M
IntelINTC22.7623.1422.6523.0943.9M
FacebookFB20.9921.0020.1620.3230.2M
Cisco SystemsCSCO18.6818.8818.5518.8029.8M
HP Inc.HPQ16.8117.3116.7517.2329M
AT&T Inc.T38.1438.2937.9037.9928.5M
Oracle Corp.ORCL30.7631.4230.7031.2223.4M
PfizerPFE24.8725.0224.8624.9623.1M
Wells Fargo & Co.WFC34.5134.8334.3934.7621.6M
AppleAAPL664.29682.17660.35681.3221.2M
JPMorgan ChaseJPM40.4040.9940.2140.6820.8M
Coca-ColaKO38.0638.3537.9038.3115.2M
Verizon CommunicationsVZ45.8046.0045.4345.7614.5M
ComcastCMCSA35.3735.8735.2835.7912.7M
AltriaMO34.2334.2433.7233.9010.8M
ExxonMobilXOM91.8392.2591.1991.8010.6M
MerckMRK45.0745.4445.0145.239.83M
Johnson & JohnsonJNJ69.0969.3568.8969.018.25M
Gilead SciencesGILD66.1167.0965.8666.658.01M
AlphabetGOOGL759.95762.84751.65756.507.85M
Abbott LaboratoriesABT69.2969.6569.0569.327.48M
General MotorsGM23.6723.7023.1423.186.84M
Bristol-Myers SquibbBMY33.8833.9933.7733.856.78M
Procter & GamblePG69.4169.5669.0669.306.77M
SchlumbergerSLB72.4973.5372.0273.246.13M
Home DepotHD59.4260.2059.2459.885.82M
ChevronCVX116.78117.40116.52117.205.48M
Wal-Mart StoresWMT74.3774.5073.8373.985.39M
Walt Disney & Co.DIS52.1252.7851.9752.585.31M
United TechnologiesUTX78.8579.0077.9678.354.81M
UnitedHealth GroupUNH56.2956.4455.7056.244.25M
ConocoPhillipsCOP57.3057.4657.0257.394.24M
BoeingBA70.4070.5569.7170.104.15M
McDonald'sMCD93.3893.6393.1293.273.84M
AmgenAMGN83.5484.5683.0784.243.57M
AmazonAMZN250.54257.40250.52256.593.4M
PepsicoPEP70.4870.8470.2870.643.37M
Berkshire HathawayBRK.B88.6288.6688.0788.263.33M
International Business MachinesIBM204.37206.90204.14205.912.77M
Union PacificUNP119.40119.59118.05118.512.72M
VisaV132.71134.24132.52133.912.11M
3MMMM92.8993.2191.9692.822.08M
Exchange Rates of September 27, 2012
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 77.620 JPY1 JPY = 0.013 USD
US DollarCanadian Dollar1 USD = 0.980 CAD1 CAD = 1.020 USD
US DollarSwiss Franc1 USD = 0.937 CHF1 CHF = 1.067 USD
US DollarChinese Yuan1 USD = 6.302 CNY1 CNY = 0.159 USD
EuroJapanese Yen1 EUR = 100.230 JPY1 JPY = 0.010 EUR
EuroPound Sterling1 EUR = 0.795 GBP1 GBP = 1.258 EUR
EuroAustralian Dollar1 EUR = 1.236 AUD1 AUD = 0.809 EUR
EuroCanadian Dollar1 EUR = 1.265 CAD1 CAD = 0.790 EUR
EuroSwiss Franc1 EUR = 1.210 CHF1 CHF = 0.826 EUR
EuroChinese Yuan1 EUR = 8.143 CNY1 CNY = 0.123 EUR
Japanese YenPound Sterling1 JPY = 0.793 GBP1 GBP = 1.261 JPY
Japanese YenAustralian Dollar1 JPY = 1.232 AUD1 AUD = 0.812 JPY
Japanese YenCanadian Dollar1 JPY = 1.262 CAD1 CAD = 0.792 JPY
Japanese YenSwiss Franc1 JPY = 1.207 CHF1 CHF = 0.829 JPY
Pound SterlingAustralian Dollar1 GBP = 1.553 AUD1 AUD = 0.644 GBP
Pound SterlingCanadian Dollar1 GBP = 1.591 CAD1 CAD = 0.628 GBP
Pound SterlingSwiss Franc1 GBP = 1.521 CHF1 CHF = 0.657 GBP
Pound SterlingChinese Yuan1 GBP = 10.239 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 1.024 CAD1 CAD = 0.976 AUD
Australian DollarSwiss Franc1 AUD = 0.979 CHF1 CHF = 1.022 AUD
Australian DollarChinese Yuan1 AUD = 6.585 CNY1 CNY = 0.152 AUD
Canadian DollarSwiss Franc1 CAD = 0.956 CHF1 CHF = 1.046 CAD
Canadian DollarChinese Yuan1 CAD = 6.429 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.728 CNY1 CNY = 0.149 CHF

See what else happened on September 27, 2012