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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 22.24 22.86 22.13 22.73 67.3M
Microsoft MSFT 30.17 30.40 29.89 30.16 47.1M
Intel INTC 22.76 23.14 22.65 23.09 43.9M
Facebook FB 20.99 21.00 20.16 20.32 30.2M
Cisco Systems CSCO 18.68 18.88 18.55 18.80 29.8M
HP Inc. HPQ 16.81 17.31 16.75 17.23 29M
AT&T Inc. T 38.14 38.29 37.90 37.99 28.5M
Oracle Corp. ORCL 30.76 31.42 30.70 31.22 23.4M
Pfizer PFE 24.87 25.02 24.86 24.96 23.1M
Wells Fargo & Co. WFC 34.51 34.83 34.39 34.76 21.6M
Apple AAPL 664.29 682.17 660.35 681.32 21.2M
JPMorgan Chase JPM 40.40 40.99 40.21 40.68 20.8M
Coca-Cola KO 38.06 38.35 37.90 38.31 15.2M
Verizon Communications VZ 45.80 46.00 45.43 45.76 14.5M
Comcast CMCSA 35.37 35.87 35.28 35.79 12.7M
Altria MO 34.23 34.24 33.72 33.90 10.8M
ExxonMobil XOM 91.83 92.25 91.19 91.80 10.6M
Merck MRK 45.07 45.44 45.01 45.23 9.83M
Johnson & Johnson JNJ 69.09 69.35 68.89 69.01 8.25M
Gilead Sciences GILD 66.11 67.09 65.86 66.65 8.01M
Alphabet GOOGL 759.95 762.84 751.65 756.50 7.85M
Abbott Laboratories ABT 69.29 69.65 69.05 69.32 7.48M
General Motors GM 23.67 23.70 23.14 23.18 6.84M
Bristol-Myers Squibb BMY 33.88 33.99 33.77 33.85 6.78M
Procter & Gamble PG 69.41 69.56 69.06 69.30 6.77M
Schlumberger SLB 72.49 73.53 72.02 73.24 6.13M
Home Depot HD 59.42 60.20 59.24 59.88 5.82M
Chevron CVX 116.78 117.40 116.52 117.20 5.48M
Wal-Mart Stores WMT 74.37 74.50 73.83 73.98 5.39M
Walt Disney & Co. DIS 52.12 52.78 51.97 52.58 5.31M
United Technologies UTX 78.85 79.00 77.96 78.35 4.81M
UnitedHealth Group UNH 56.29 56.44 55.70 56.24 4.25M
ConocoPhillips COP 57.30 57.46 57.02 57.39 4.24M
Boeing BA 70.40 70.55 69.71 70.10 4.15M
McDonald's MCD 93.38 93.63 93.12 93.27 3.84M
Amgen AMGN 83.54 84.56 83.07 84.24 3.57M
Amazon AMZN 250.54 257.40 250.52 256.59 3.4M
Pepsico PEP 70.48 70.84 70.28 70.64 3.37M
Berkshire Hathaway BRK.B 88.62 88.66 88.07 88.26 3.33M
International Business Machines IBM 204.37 206.90 204.14 205.91 2.77M
Union Pacific UNP 119.40 119.59 118.05 118.51 2.72M
Visa V 132.71 134.24 132.52 133.91 2.11M
3M MMM 92.89 93.21 91.96 92.82 2.08M
Exchange Rates of September 27, 2012
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 77.620 JPY 1 JPY = 0.013 USD
US Dollar Canadian Dollar 1 USD = 0.980 CAD 1 CAD = 1.020 USD
US Dollar Swiss Franc 1 USD = 0.937 CHF 1 CHF = 1.067 USD
US Dollar Chinese Yuan 1 USD = 6.302 CNY 1 CNY = 0.159 USD
Euro Japanese Yen 1 EUR = 100.230 JPY 1 JPY = 0.010 EUR
Euro Pound Sterling 1 EUR = 0.795 GBP 1 GBP = 1.258 EUR
Euro Australian Dollar 1 EUR = 1.236 AUD 1 AUD = 0.809 EUR
Euro Canadian Dollar 1 EUR = 1.265 CAD 1 CAD = 0.790 EUR
Euro Swiss Franc 1 EUR = 1.210 CHF 1 CHF = 0.826 EUR
Euro Chinese Yuan 1 EUR = 8.143 CNY 1 CNY = 0.123 EUR
Japanese Yen Pound Sterling 1 JPY = 0.793 GBP 1 GBP = 1.261 JPY
Japanese Yen Australian Dollar 1 JPY = 1.232 AUD 1 AUD = 0.812 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.262 CAD 1 CAD = 0.792 JPY
Japanese Yen Swiss Franc 1 JPY = 1.207 CHF 1 CHF = 0.829 JPY
Pound Sterling Australian Dollar 1 GBP = 1.553 AUD 1 AUD = 0.644 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.591 CAD 1 CAD = 0.628 GBP
Pound Sterling Swiss Franc 1 GBP = 1.521 CHF 1 CHF = 0.657 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.239 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.024 CAD 1 CAD = 0.976 AUD
Australian Dollar Swiss Franc 1 AUD = 0.979 CHF 1 CHF = 1.022 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.585 CNY 1 CNY = 0.152 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.956 CHF 1 CHF = 1.046 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.429 CNY 1 CNY = 0.156 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.728 CNY 1 CNY = 0.149 CHF

See what else happened on September 27, 2012