Financial news on October 31, 2007

Business and Financial news
A Consumer’s Spot for Apple Grows Up

In a trend known as consumer-generated content, an 18-year-old student and Apple devotee was hired to make a television commercial for Apple’s new iPod Touch. Read more..

By STUART ELLIOTT - The New York Times

Consumer Advocates Seek a ‘Do-Not-Track’ List

A coalition of privacy groups asked the government today to set up a mandatory do-not-track list for the Internet. Read more..

By LOUISE STORY - The New York Times

Facebook’s Rapid Stock Appreciation

The share price that Facebook has used for its employee stock options rose more than 30-fold between January 2006 and August 2007. It’s likely to experience another steep jump in value after Microsoft’s investment is factored in. Read more..

By MIGUEL HELFT - The New York Times

Home Prices Are Down, and So Is Confidence

Prices of homes in 20 major U.S. metropolitan areas fell 4.4 percent for the 12 months through August. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Law Firm Is Giving Its Associates Two Year-End Bonuses

Cravath, Swaine & Moore raised the salary bar for law associates in New York, saying it will award a special bonus in addition to the year-end bonus the firm already pays. Read more..

By ELLEN ROSEN - The New York Times

Merrill Chooses Insider to Lead Search for Chief

As Merrill Lynch begins to search for its next chief executive, the company named Alberto Cribiore as its nonexecutive chairman and leader of its search committee. Read more..

By LANDON THOMAS Jr - The New York Times

Oil Leaders Say Prices Are Not Their Fault

Top oil-producing countries have blamed the advance of crude prices toward $100 a barrel on financial speculation, geopolitical instability and a shortfall in refining capacity. Read more..

By JAMES KANTER and ALISON SMALE - The New York Times

Rangel Offering Broad Tax Plan, and Big Target

Representative Charles B. Rangel’s proposal has shaped the debate over whether to keep President Bush’s tax cuts. Read more..

By STEVEN R. WEISMAN - The New York Times

Sony Said to Be Pondering Partial Sale of Movie Units

Sony Pictures is considering selling half of its animation studio and even more of its thriving digital visual-effects company, although the matter is still at an early stage. Read more..

By DAVID M. HALBFINGER and ANDREW ROSS SORKIN - The New York Times

Wal-Mart Jump-Starts Discounts for Holidays

In what may be the earliest holiday shopping season ever, Wal-Mart plans to offer big discounts this Friday, three weeks before retailers traditionally start their holiday sales push. Read more..

By MICHAEL BARBARO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT35.5237.0035.5136.81186M
IntelINTC26.3726.9026.3526.9064.8M
Cisco SystemsCSCO32.9033.1932.4933.0654.9M
ComcastCMCSA21.0121.1020.8421.0538.5M
General ElectricGE40.6241.2240.4641.1634.2M
ExxonMobilXOM91.4692.1890.5091.9932.1M
Oracle Corp.ORCL21.6422.2421.6322.1731.5M
PfizerPFE24.5624.6324.4224.6131.5M
AppleAAPL187.63190.12184.95189.9529.8M
AT&T Inc.T41.5141.7941.1541.7924.7M
JPMorgan ChaseJPM46.9547.5546.0447.0023.9M
Wal-Mart StoresWMT45.7145.8144.5345.2122.1M
Wells Fargo & Co.WFC34.4834.5233.4034.0121.6M
ConocoPhillipsCOP83.4485.5282.6084.9617.6M
SchlumbergerSLB96.6197.0794.5296.5715.8M
Home DepotHD31.7131.8031.0231.5114.9M
Procter & GamblePG69.3569.8969.0469.5214.1M
Verizon CommunicationsVZ45.8946.1345.5046.0713.9M
AlphabetGOOGL700.69707.00696.04707.0013.7M
Abbott LaboratoriesABT54.6554.7453.9454.6213.1M
HP Inc.HPQ51.7251.9551.0451.6812.5M
Bristol-Myers SquibbBMY30.0530.2329.8629.9911.2M
MerckMRK57.7158.2657.2558.2611.1M
Johnson & JohnsonJNJ64.8365.2564.6065.1710.5M
AmgenAMGN56.8558.1856.7858.1110.2M
ChevronCVX90.4092.1390.1891.519.89M
UnitedHealth GroupUNH48.5549.6248.4049.159.46M
AltriaMO72.8673.1672.4072.939.22M
Coca-ColaKO61.9962.0661.1361.768.32M
Walt Disney & Co.DIS34.0134.7334.0134.637.82M
McDonald'sMCD59.2359.8558.8359.757.66M
Gilead SciencesGILD45.9946.1944.7246.197.24M
International Business MachinesIBM114.75116.25113.28116.127.22M
AmazonAMZN88.0589.6087.0089.157.04M
BoeingBA98.1598.7197.3398.595.94M
United TechnologiesUTX75.8876.7175.3076.595.29M
PepsicoPEP74.0474.3072.8573.724.81M
3MMMM85.9886.9185.3586.364.64M
Union PacificUNP126.68128.50126.51128.042.17M
Berkshire HathawayBRK.B4295.004414.004285.004414.0020.7K
Exchange Rates of October 31, 2007
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 115.230 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 0.943 CAD1 CAD = 1.061 USD
US DollarSwiss Franc1 USD = 1.159 CHF1 CHF = 0.863 USD
US DollarChinese Yuan1 USD = 7.462 CNY1 CNY = 0.134 USD
EuroJapanese Yen1 EUR = 166.850 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.696 GBP1 GBP = 1.438 EUR
EuroAustralian Dollar1 EUR = 1.553 AUD1 AUD = 0.644 EUR
EuroCanadian Dollar1 EUR = 1.365 CAD1 CAD = 0.733 EUR
EuroSwiss Franc1 EUR = 1.678 CHF1 CHF = 0.596 EUR
Japanese YenPound Sterling1 JPY = 0.417 GBP1 GBP = 2.400 JPY
Japanese YenAustralian Dollar1 JPY = 0.931 AUD1 AUD = 1.075 JPY
Japanese YenCanadian Dollar1 JPY = 0.818 CAD1 CAD = 1.223 JPY
Japanese YenSwiss Franc1 JPY = 1.005 CHF1 CHF = 0.995 JPY
Pound SterlingAustralian Dollar1 GBP = 2.233 AUD1 AUD = 0.448 GBP
Pound SterlingCanadian Dollar1 GBP = 1.962 CAD1 CAD = 0.510 GBP
Pound SterlingSwiss Franc1 GBP = 2.411 CHF1 CHF = 0.415 GBP
Australian DollarCanadian Dollar1 AUD = 0.878 CAD1 CAD = 1.139 AUD
Australian DollarSwiss Franc1 AUD = 1.079 CHF1 CHF = 0.927 AUD
Canadian DollarSwiss Franc1 CAD = 1.228 CHF1 CHF = 0.814 CAD

See what else happened on October 31, 2007