Financial news on October 1st, 2008
Business and Financial news
Labeled as a Bailout, Plan Was Hard to Sell to a Skeptical Public
Politics is as much about marketing as anything else, and from the beginning, the plan often came across as a taxpayer-financed parachute for high-flying tycoons. Read more..
Many Foods Will Soon Be Labeled by Country of Origin
Under the new rule, grocery stores will have to identify the country of origin for meats, produce and certain nuts. Read more..
With Troubles Behind It, N.H.L. Tries to Build Momentum
As the N.H.L. opens its 2008-9 season, the league moves further away from its former financial troubles, and by my many measures, it has engineered a turnaround. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 24.00 | 25.75 | 21.65 | 24.50 | 182M |
| Microsoft | MSFT | 26.38 | 26.99 | 26.28 | 26.48 | 89M |
| Intel | INTC | 18.50 | 18.69 | 18.06 | 18.52 | 74.5M |
| Pfizer | PFE | 18.26 | 19.09 | 18.08 | 18.94 | 68.3M |
| JPMorgan Chase | JPM | 46.91 | 50.00 | 46.30 | 49.63 | 59.4M |
| Cisco Systems | CSCO | 22.25 | 22.44 | 21.75 | 21.95 | 52.1M |
| Wells Fargo & Co. | WFC | 36.98 | 38.60 | 36.49 | 36.70 | 47.8M |
| Apple | AAPL | 111.92 | 112.36 | 107.39 | 109.12 | 46.3M |
| AT&T Inc. | T | 28.15 | 28.49 | 27.05 | 28.09 | 37.7M |
| Oracle Corp. | ORCL | 20.19 | 20.19 | 19.55 | 19.86 | 35.1M |
| ExxonMobil | XOM | 77.19 | 79.23 | 74.93 | 78.58 | 34.3M |
| Comcast | CMCSA | 19.62 | 19.62 | 19.05 | 19.35 | 29.3M |
| Johnson & Johnson | JNJ | 69.07 | 69.07 | 67.28 | 67.79 | 25.5M |
| Wal-Mart Stores | WMT | 59.51 | 60.30 | 58.99 | 59.66 | 23.4M |
| HP Inc. | HPQ | 46.16 | 46.72 | 44.44 | 44.97 | 22M |
| Altria | MO | 19.80 | 20.74 | 19.69 | 20.55 | 21.8M |
| Home Depot | HD | 25.52 | 26.09 | 25.30 | 25.92 | 20.7M |
| ConocoPhillips | COP | 72.21 | 72.25 | 68.54 | 70.70 | 20.4M |
| Verizon Communications | VZ | 31.79 | 31.96 | 31.01 | 31.41 | 18.5M |
| Procter & Gamble | PG | 69.34 | 71.44 | 69.34 | 71.27 | 17.8M |
| Abbott Laboratories | ABT | 57.26 | 58.50 | 57.00 | 58.29 | 16.5M |
| Chevron | CVX | 81.51 | 83.09 | 78.47 | 82.20 | 14.6M |
| Coca-Cola | KO | 52.62 | 54.28 | 52.52 | 54.16 | 14.5M |
| Merck | MRK | 31.42 | 32.44 | 31.40 | 32.09 | 14.2M |
| International Business Machines | IBM | 115.51 | 116.80 | 107.75 | 110.13 | 13.1M |
| Schlumberger | SLB | 77.01 | 77.74 | 73.25 | 76.87 | 12.6M |
| Alphabet | GOOGL | 411.15 | 416.98 | 403.10 | 411.72 | 12.5M |
| McDonald's | MCD | 61.18 | 64.02 | 60.86 | 63.66 | 12.4M |
| Bristol-Myers Squibb | BMY | 20.61 | 20.95 | 20.19 | 20.79 | 12.4M |
| Walt Disney & Co. | DIS | 30.30 | 30.80 | 29.91 | 30.68 | 11M |
| Amazon | AMZN | 71.78 | 71.99 | 68.41 | 69.58 | 9.62M |
| Amgen | AMGN | 58.89 | 59.60 | 57.96 | 59.18 | 8.42M |
| United Technologies | UTX | 59.48 | 59.96 | 58.62 | 59.12 | 8.26M |
| Pepsico | PEP | 70.66 | 72.17 | 70.66 | 71.64 | 7.99M |
| UnitedHealth Group | UNH | 25.97 | 25.97 | 24.76 | 25.08 | 7.04M |
| Visa | V | 60.75 | 62.10 | 59.21 | 61.31 | 6.76M |
| Gilead Sciences | GILD | 45.75 | 45.88 | 44.61 | 45.30 | 6.62M |
| Boeing | BA | 56.76 | 58.00 | 55.37 | 56.62 | 6.22M |
| Union Pacific | UNP | 70.99 | 71.78 | 68.32 | 69.44 | 4.69M |
| 3M | MMM | 67.67 | 68.31 | 66.86 | 67.39 | 4.62M |
| Berkshire Hathaway | BRK.B | 4410.00 | 4574.00 | 4366.00 | 4565.00 | 57.3K |
Exchange Rates of October 1st, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 105.830 JPY | 1 JPY = 0.009 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.063 CAD | 1 CAD = 0.941 USD |
| US Dollar | Swiss Franc | 1 USD = 1.126 CHF | 1 CHF = 0.888 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.844 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 148.240 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.791 GBP | 1 GBP = 1.264 EUR |
| Euro | Australian Dollar | 1 EUR = 1.773 AUD | 1 AUD = 0.564 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.488 CAD | 1 CAD = 0.672 EUR |
| Euro | Swiss Franc | 1 EUR = 1.577 CHF | 1 CHF = 0.634 EUR |
| Euro | Chinese Yuan | 1 EUR = 9.596 CNY | 1 CNY = 0.104 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.534 GBP | 1 GBP = 1.872 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.201 AUD | 1 AUD = 0.833 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.005 CAD | 1 CAD = 0.995 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.064 CHF | 1 CHF = 0.939 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.242 AUD | 1 AUD = 0.446 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.881 CAD | 1 CAD = 0.532 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.993 CHF | 1 CHF = 0.502 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 12.114 CNY | 1 CNY = 0.083 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.839 CAD | 1 CAD = 1.192 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.889 CHF | 1 CHF = 1.125 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 5.414 CNY | 1 CNY = 0.185 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.059 CHF | 1 CHF = 0.945 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 6.441 CNY | 1 CNY = 0.155 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.084 CNY | 1 CNY = 0.164 CHF |
See what else happened on October 1st, 2008