Financial news on December 3rd, 2008

Business and Financial news
2 Canadian Phone Giants in Different Struggles

Rogers Communication must deal with its founder’s death, while Bell Canada faces a failed buyout. Read more..

By IAN AUSTEN - The New York Times

Another Month of Miserable Auto Sales

In the worst month yet in a horrible year, U.S. sales fell 41 percent at General Motors and 33.9 percent at Toyota. Honda’s sales declined 31.6 percent, and Ford’s fell 30.6 percent. Read more..

By NICK BUNKLEY - The New York Times

A Waterfront Revival in Columbus, Ohio

A former industrial wasteland becomes a neighborhood of housing, retailers and entertainment. Read more..

By KEITH SCHNEIDER - The New York Times

Edward S. Rogers Jr., Canadian Media Mogul, Dies at 75

Mr. Rogers transformed Canada’s first FM radio station into one of North America’s most diverse communications and media companies. Read more..

By IAN AUSTEN - The New York Times

G.E. Warns of Low Fourth-Quarter Profit

The company said it expected its fourth-quarter profit to be at the low end of its previous guidance and warned that charges were likely to top $1 billion after taxes. Read more..

By PETER EDMONSTON - The New York Times

Houghton Mifflin Publisher Resigns

Becky Saletan, publisher of the adult trade division, will leave next week in a sign of further unraveling at the publisher. Read more..

By MOTOKO RICH - The New York Times

Wall St. Partially Recovers From Sell-Off

Wall Street mounted a modest recovery on Tuesday, gaining back nearly half of the enormous collapse that had seemed to bode badly for this week. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.0718.2716.8618.13157M
Wells Fargo & Co.WFC24.8628.5024.7528.1072.9M
Oracle Corp.ORCL15.9216.1515.6216.1372.2M
Cisco SystemsCSCO14.9116.0314.8616.0169.6M
JPMorgan ChaseJPM27.4430.7427.0430.2564.9M
AT&T Inc.T27.4129.3727.3029.0842.7M
Home DepotHD21.3222.8821.0622.7632.9M
Bristol-Myers SquibbBMY19.8721.8219.8721.7026.6M
Verizon CommunicationsVZ31.4333.4231.2033.1926.3M
Wal-Mart StoresWMT52.6954.5152.5054.3825.2M
HP Inc.HPQ33.2834.9033.0534.8221.8M
Procter & GamblePG60.5263.1360.5062.8820M
Johnson & JohnsonJNJ56.0858.0155.5057.3218.8M
Abbott LaboratoriesABT51.1753.4851.1753.1516.5M
Walt Disney & Co.DIS20.6022.0020.5721.9416.3M
Gilead SciencesGILD43.6746.3943.4446.1711.3M
International Business MachinesIBM78.6281.0076.9980.679.76M
UnitedHealth GroupUNH19.8420.5319.0520.388.02M
United TechnologiesUTX45.8247.5145.2047.327.98M
Union PacificUNP47.2148.6445.7748.076.26M
Berkshire HathawayBRK.B3260.003420.003252.003375.5050.1K
Exchange Rates of December 3rd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.290 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.253 CAD1 CAD = 0.798 USD
US DollarSwiss Franc1 USD = 1.209 CHF1 CHF = 0.827 USD
US DollarChinese Yuan1 USD = 6.875 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 118.610 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.860 GBP1 GBP = 1.163 EUR
EuroAustralian Dollar1 EUR = 1.960 AUD1 AUD = 0.510 EUR
EuroCanadian Dollar1 EUR = 1.593 CAD1 CAD = 0.628 EUR
EuroSwiss Franc1 EUR = 1.538 CHF1 CHF = 0.650 EUR
EuroChinese Yuan1 EUR = 8.735 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.725 GBP1 GBP = 1.380 JPY
Japanese YenAustralian Dollar1 JPY = 1.652 AUD1 AUD = 0.605 JPY
Japanese YenCanadian Dollar1 JPY = 1.343 CAD1 CAD = 0.745 JPY
Japanese YenSwiss Franc1 JPY = 1.296 CHF1 CHF = 0.771 JPY
Pound SterlingAustralian Dollar1 GBP = 2.278 AUD1 AUD = 0.439 GBP
Pound SterlingCanadian Dollar1 GBP = 1.853 CAD1 CAD = 0.540 GBP
Pound SterlingSwiss Franc1 GBP = 1.788 CHF1 CHF = 0.559 GBP
Pound SterlingChinese Yuan1 GBP = 10.145 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.813 CAD1 CAD = 1.231 AUD
Australian DollarSwiss Franc1 AUD = 0.784 CHF1 CHF = 1.276 AUD
Australian DollarChinese Yuan1 AUD = 4.457 CNY1 CNY = 0.224 AUD
Canadian DollarSwiss Franc1 CAD = 0.964 CHF1 CHF = 1.037 CAD
Canadian DollarChinese Yuan1 CAD = 5.485 CNY1 CNY = 0.182 CAD
Swiss FrancChinese Yuan1 CHF = 5.680 CNY1 CNY = 0.176 CHF

See what else happened on December 3rd, 2008