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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.9314.9414.1514.26130M
IntelINTC19.3119.3418.7419.1192.3M
MicrosoftMSFT28.0328.4027.6627.7373.4M
Wells Fargo & Co.WFC28.3428.5027.3527.5266.4M
PfizerPFE17.4617.4916.9817.0365.5M
Cisco SystemsCSCO23.4623.4822.6422.8161.2M
JPMorgan ChaseJPM43.9543.9741.7341.7758.9M
AT&T Inc.T26.1526.2625.6225.6741.6M
MerckMRK31.1731.7830.8330.9340.5M
Oracle Corp.ORCL21.3221.6121.0521.1037.1M
ExxonMobilXOM73.3773.8271.0571.6732.2M
Verizon CommunicationsVZ29.9830.4529.3129.5926M
AppleAAPL196.06196.80186.07188.5025.6M
ComcastCMCSA14.8915.0514.4614.5024.8M
ConocoPhillipsCOP51.1551.4149.7050.1821.6M
Procter & GamblePG59.1859.5457.8658.0021.4M
Johnson & JohnsonJNJ59.7159.8858.7859.0521M
Home DepotHD25.8325.9024.9625.0919.4M
ChevronCVX78.2578.5075.5776.5419.3M
Wal-Mart StoresWMT50.3950.4549.6249.6817.6M
HP Inc.HPQ48.2349.0047.2847.4616.7M
AltriaMO18.3118.4218.0918.1116.1M
Abbott LaboratoriesABT50.8351.2050.4050.5714.6M
AmazonAMZN121.97122.90118.21118.8113.3M
Walt Disney & Co.DIS28.1428.3127.2827.3713M
SchlumbergerSLB64.4964.5061.3062.2012.8M
Gilead SciencesGILD42.9143.2942.4842.5512.8M
Bristol-Myers SquibbBMY22.1022.2721.7621.8012.1M
AmgenAMGN54.1154.8452.9153.6212M
UnitedHealth GroupUNH26.3226.7925.9025.9511.7M
Coca-ColaKO54.0654.2753.1153.3110.9M
McDonald'sMCD59.0959.5058.5658.619.88M
BoeingBA48.7048.8147.6647.808.7M
United TechnologiesUTX63.4263.7861.4261.458.18M
PepsicoPEP61.3561.6460.2160.557.79M
International Business MachinesIBM122.63124.30120.48120.617.71M
AlphabetGOOGL550.00550.17534.24536.126.93M
VisaV76.9677.5075.1675.766.83M
Union PacificUNP56.3256.8554.8855.144.97M
3MMMM75.1075.7273.1473.574.53M
Berkshire HathawayBRK.B3306.003332.503260.003283.0041.6K
Exchange Rates of October 30, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.040 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.085 CAD1 CAD = 0.922 USD
US DollarSwiss Franc1 USD = 1.026 CHF1 CHF = 0.975 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 132.640 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.896 GBP1 GBP = 1.116 EUR
EuroAustralian Dollar1 EUR = 1.634 AUD1 AUD = 0.612 EUR
EuroCanadian Dollar1 EUR = 1.598 CAD1 CAD = 0.626 EUR
EuroSwiss Franc1 EUR = 1.512 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 10.059 CNY1 CNY = 0.099 EUR
Japanese YenPound Sterling1 JPY = 0.675 GBP1 GBP = 1.482 JPY
Japanese YenAustralian Dollar1 JPY = 1.234 AUD1 AUD = 0.811 JPY
Japanese YenCanadian Dollar1 JPY = 1.203 CAD1 CAD = 0.831 JPY
Japanese YenSwiss Franc1 JPY = 1.139 CHF1 CHF = 0.878 JPY
Pound SterlingAustralian Dollar1 GBP = 1.831 AUD1 AUD = 0.546 GBP
Pound SterlingCanadian Dollar1 GBP = 1.784 CAD1 CAD = 0.561 GBP
Pound SterlingSwiss Franc1 GBP = 1.686 CHF1 CHF = 0.593 GBP
Pound SterlingChinese Yuan1 GBP = 11.218 CNY1 CNY = 0.089 GBP
Australian DollarCanadian Dollar1 AUD = 0.977 CAD1 CAD = 1.024 AUD
Australian DollarSwiss Franc1 AUD = 0.922 CHF1 CHF = 1.085 AUD
Australian DollarChinese Yuan1 AUD = 6.153 CNY1 CNY = 0.163 AUD
Canadian DollarSwiss Franc1 CAD = 0.945 CHF1 CHF = 1.058 CAD
Canadian DollarChinese Yuan1 CAD = 6.294 CNY1 CNY = 0.159 CAD
Swiss FrancChinese Yuan1 CHF = 6.658 CNY1 CNY = 0.150 CHF

See what else happened on October 30, 2009