Financial news on October 30, 2009

Business and Financial news
A Street Musician With a Corporate Sponsor

To introduce a leather-scented deodorant, the company paid performers to display signs, offer free samples and sing a song called “Look Good in Leather.” Read more..

By STEPHANIE CLIFFORD - The New York Times

Elmer Winter, 97, Co-Founder of Manpower Temp Agency, Dies

Mr. Winter’s very bad day at the office — he and his law partner scrambled to find emergency secretarial help — spurred them to start Manpower, the worldwide temp agency. Read more..

By DOUGLAS MARTIN - The New York Times

Executive at Boston Globe to Become Publisher

Christopher M. Mayer, the Globe’s senior vice president for circulation and operations and an employee since 1984, will succeed P. Steven Ainsley, who is stepping down. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Exxon’s Earnings Reflect Decline in Energy Prices

Exxon’s profit fell 68 percent in the third quarter, hurt by weakness at its production and development unit. Read more..

By JAD MOUAWAD - The New York Times

Hints of Missed Chance to Pursue Galleon Case

Years before the current case erupted, authorities missed an opportunity to break up a nascent insider trading ring. Read more..

By ASHLEE VANCE and MICHAEL J. de la MERCED - The New York Times

I.M.F. Raises Growth Forecasts for Asia

The new outlook from the International Monetary Fund reflects the region’s rapid rebound from the downturn in recent months. Read more..

By BETTINA WASSENER - International Herald Tribune

Markets Surge After U.S. Growth Report

Stocks closed 2 percent higher as investors cheered better-than-expected growth in the economy. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Shell Profit Falls Sharply as Company Sees Slow Recovery

Third-quarter profit dropped 62 percent to $3.25 billion at the oil company, which said the outlook remains “very uncertain.” Read more..

By JULIA WERDIGIER - International Herald Tribune

Time Inc. Is Expected to Eliminate More Jobs

Third-quarter revenue at the magazine publisher is expected to fall 19 percent, to $900 million. Read more..

By STEPHANIE CLIFFORD - The New York Times

U.S. Charges Financial Firm in California With Fraud

The Department of Justice said CDR Financial Products secretly manipulated the competition among banks in the lucrative business of helping governments raise money. Read more..

By MARY WILLIAMS WALSH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 14.93 14.94 14.15 14.26 130M
Intel INTC 19.31 19.34 18.74 19.11 92.3M
Microsoft MSFT 28.03 28.40 27.66 27.73 73.4M
Wells Fargo & Co. WFC 28.34 28.50 27.35 27.52 66.4M
Pfizer PFE 17.46 17.49 16.98 17.03 65.5M
Cisco Systems CSCO 23.46 23.48 22.64 22.81 61.2M
JPMorgan Chase JPM 43.95 43.97 41.73 41.77 58.9M
AT&T Inc. T 26.15 26.26 25.62 25.67 41.6M
Merck MRK 31.17 31.78 30.83 30.93 40.5M
Oracle Corp. ORCL 21.32 21.61 21.05 21.10 37.1M
ExxonMobil XOM 73.37 73.82 71.05 71.67 32.2M
Verizon Communications VZ 29.98 30.45 29.31 29.59 26M
Apple AAPL 196.06 196.80 186.07 188.50 25.6M
Comcast CMCSA 14.89 15.05 14.46 14.50 24.8M
ConocoPhillips COP 51.15 51.41 49.70 50.18 21.6M
Procter & Gamble PG 59.18 59.54 57.86 58.00 21.4M
Johnson & Johnson JNJ 59.71 59.88 58.78 59.05 21M
Home Depot HD 25.83 25.90 24.96 25.09 19.4M
Chevron CVX 78.25 78.50 75.57 76.54 19.3M
Wal-Mart Stores WMT 50.39 50.45 49.62 49.68 17.6M
HP Inc. HPQ 48.23 49.00 47.28 47.46 16.7M
Altria MO 18.31 18.42 18.09 18.11 16.1M
Abbott Laboratories ABT 50.83 51.20 50.40 50.57 14.6M
Amazon AMZN 121.97 122.90 118.21 118.81 13.3M
Walt Disney & Co. DIS 28.14 28.31 27.28 27.37 13M
Schlumberger SLB 64.49 64.50 61.30 62.20 12.8M
Gilead Sciences GILD 42.91 43.29 42.48 42.55 12.8M
Bristol-Myers Squibb BMY 22.10 22.27 21.76 21.80 12.1M
Amgen AMGN 54.11 54.84 52.91 53.62 12M
UnitedHealth Group UNH 26.32 26.79 25.90 25.95 11.7M
Coca-Cola KO 54.06 54.27 53.11 53.31 10.9M
McDonald's MCD 59.09 59.50 58.56 58.61 9.88M
Boeing BA 48.70 48.81 47.66 47.80 8.7M
United Technologies UTX 63.42 63.78 61.42 61.45 8.18M
Pepsico PEP 61.35 61.64 60.21 60.55 7.79M
International Business Machines IBM 122.63 124.30 120.48 120.61 7.71M
Alphabet GOOGL 550.00 550.17 534.24 536.12 6.93M
Visa V 76.96 77.50 75.16 75.76 6.83M
Union Pacific UNP 56.32 56.85 54.88 55.14 4.97M
3M MMM 75.10 75.72 73.14 73.57 4.53M
Berkshire Hathaway BRK.B 3306.00 3332.50 3260.00 3283.00 41.6K
Exchange Rates of October 30, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.040 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.085 CAD 1 CAD = 0.922 USD
US Dollar Swiss Franc 1 USD = 1.026 CHF 1 CHF = 0.975 USD
US Dollar Chinese Yuan 1 USD = 6.827 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 132.640 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.896 GBP 1 GBP = 1.116 EUR
Euro Australian Dollar 1 EUR = 1.634 AUD 1 AUD = 0.612 EUR
Euro Canadian Dollar 1 EUR = 1.598 CAD 1 CAD = 0.626 EUR
Euro Swiss Franc 1 EUR = 1.512 CHF 1 CHF = 0.662 EUR
Euro Chinese Yuan 1 EUR = 10.059 CNY 1 CNY = 0.099 EUR
Japanese Yen Pound Sterling 1 JPY = 0.675 GBP 1 GBP = 1.482 JPY
Japanese Yen Australian Dollar 1 JPY = 1.234 AUD 1 AUD = 0.811 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.203 CAD 1 CAD = 0.831 JPY
Japanese Yen Swiss Franc 1 JPY = 1.139 CHF 1 CHF = 0.878 JPY
Pound Sterling Australian Dollar 1 GBP = 1.831 AUD 1 AUD = 0.546 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.784 CAD 1 CAD = 0.561 GBP
Pound Sterling Swiss Franc 1 GBP = 1.686 CHF 1 CHF = 0.593 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.218 CNY 1 CNY = 0.089 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.977 CAD 1 CAD = 1.024 AUD
Australian Dollar Swiss Franc 1 AUD = 0.922 CHF 1 CHF = 1.085 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.153 CNY 1 CNY = 0.163 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.945 CHF 1 CHF = 1.058 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.294 CNY 1 CNY = 0.159 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.658 CNY 1 CNY = 0.150 CHF

See what else happened on October 30, 2009