Financial news on October 02, 2008

Business and Financial news
After Two Days of Whiplash, a Small Decline for Stocks

Despite signs that investors might be betting on a successful vote on the bailout package in the Senate, anxiety still lingered among investors, particularly about credit problems. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

As Cash Leaves, Money Funds Sign Up for U.S. Protection

Some of the nation’s largest mutual fund companies have requested protection from the U.S. government, but the money is still flowing out of the funds, threatening short-term credit. Read more..

By DIANA B. HENRIQUES - The New York Times

But Wait! There’s More! (Again)

A group of investors is trying to rejuvenate Ronco, the housewares company, and one of its old products, the Veg-O-Matic. Read more..


Falling Oil Price Is a Positive Note Amid Turmoil

If prices keep dropping, consumers will have billions more dollars in their wallets, giving the economy some support. Read more..

By JAD MOUAWAD - The New York Times

Files Saved in a Flash

If solid-state hard drives and flash memory sticks have no moving parts, how do they record data? Read more..

By J. D. BIERSDORFER - The New York Times

Ireland: Unemployment at a High

Unemployment in Ireland rose in September to the highest level in 11 years as the housing slump and global credit crisis curbed economic growth and hiring. Read more..

By BLOOMBERG NEWS - The New York Times

Small Businesses Feeling the Chill

Whether because banks won’t lend to them, or because they don’t want to take risks in a difficult market, small businesses have been sitting still. Read more..

By LOUIS UCHITELLE - The New York Times

Stealth Mode for Web Surfers

How is using a private browsing mode in a Web browser any different than just clearing out the temporary Internet files in a computer? Read more..

By J. D. BIERSDORFER - The New York Times

Weathering the Financial Crisis

The Citigroup Inc. financial adviser Michael Sawyer discusses some of the difficulties of advising clients during the credit crisis. Read more..

Erik Olsen - The New York Times

Women Business Owners Seek Better Access to Federal Contracts

The effort to obtain more contracts for female-owned businesses comes as increasing numbers of women are running their own companies. Read more..

By ELIZABETH OLSON - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE22,8322,8922,0122,15520M
Cisco SystemsCSCO21,9521,9921,0521,2061.9M
JPMorgan ChaseJPM49,2549,8546,7249,8553.9M
Oracle Corp.ORCL19,8419,9919,3619,4944M
Wells Fargo & Co.WFC37,0037,6635,0135,1639.4M
AT&T Inc.T28,2028,5927,6527,9732.5M
Johnson & JohnsonJNJ67,9668,2667,6567,7930.9M
HP Inc.HPQ44,2744,3041,9543,2628.4M
Abbott LaboratoriesABT57,8859,9357,8558,9025M
Procter & GamblePG70,9171,9470,5271,4421.8M
Wal-Mart StoresWMT59,6659,8558,2358,8521.2M
Verizon CommunicationsVZ31,4031,7730,8931,2721M
Home DepotHD25,7126,0624,6824,8618.5M
Union PacificUNP68,9068,9960,4062,1014.7M
Bristol-Myers SquibbBMY20,7721,1820,3020,4012M
Walt Disney & Co.DIS30,4230,8129,9029,9611.8M
International Business MachinesIBM108,48109,97103,04104,7411.5M
United TechnologiesUTX58,4558,8954,8954,9810.5M
UnitedHealth GroupUNH25,0925,4624,7024,7610.1M
Gilead SciencesGILD45,5546,5244,6244,697.77M
Berkshire HathawayBRK.B4575,004625,004500,004608,0073.9K
Exchange Rates of October 02, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105,340 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,079 CAD1 CAD = 0,927 USD
US DollarSwiss Franc1 USD = 1,137 CHF1 CHF = 0,880 USD
US DollarChinese Yuan1 USD = 6,844 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 145,380 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,783 GBP1 GBP = 1,277 EUR
EuroAustralian Dollar1 EUR = 1,785 AUD1 AUD = 0,560 EUR
EuroCanadian Dollar1 EUR = 1,489 CAD1 CAD = 0,671 EUR
EuroSwiss Franc1 EUR = 1,569 CHF1 CHF = 0,637 EUR
EuroChinese Yuan1 EUR = 9,458 CNY1 CNY = 0,106 EUR
Japanese YenPound Sterling1 JPY = 0,538 GBP1 GBP = 1,859 JPY
Japanese YenAustralian Dollar1 JPY = 1,228 AUD1 AUD = 0,814 JPY
Japanese YenCanadian Dollar1 JPY = 1,024 CAD1 CAD = 0,977 JPY
Japanese YenSwiss Franc1 JPY = 1,078 CHF1 CHF = 0,928 JPY
Pound SterlingAustralian Dollar1 GBP = 2,280 AUD1 AUD = 0,439 GBP
Pound SterlingCanadian Dollar1 GBP = 1,902 CAD1 CAD = 0,526 GBP
Pound SterlingSwiss Franc1 GBP = 2,004 CHF1 CHF = 0,499 GBP
Pound SterlingChinese Yuan1 GBP = 12,070 CNY1 CNY = 0,083 GBP
Australian DollarCanadian Dollar1 AUD = 0,834 CAD1 CAD = 1,199 AUD
Australian DollarSwiss Franc1 AUD = 0,878 CHF1 CHF = 1,138 AUD
Australian DollarChinese Yuan1 AUD = 5,296 CNY1 CNY = 0,189 AUD
Canadian DollarSwiss Franc1 CAD = 1,053 CHF1 CHF = 0,949 CAD
Canadian DollarChinese Yuan1 CAD = 6,346 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,024 CNY1 CNY = 0,166 CHF

See what else happened on October 02, 2008