Financial news on February 03, 2009

Business and Financial news
Angels Flee From Tech Start-Ups

The optimistic financiers who give entrepreneurs their first cash infusion are cutting back, threatening the technology economy. Read more..

By CLAIRE CAIN MILLER and BRAD STONE - The New York Times

Bonuses Still Have a Place

Bank bonuses have a deservedly bad name when taxpayers’ dollars are being used to bail out the industry, but bonuses are central to the merit-based capitalist system. Read more..

By ROB COX - The New York Times

Britain: Barclays Rating Is Cut

Barclays stock fell in trading in London after Moody’s Investors Service cut the bank’s long-term debt rating by two levels. Read more..

By BLOOMBERG NEWS - The New York Times

Cash and Cars for Autoworkers Who Quit

General Motors and Chrysler, which have until mid-February to show that they can be viable, are offering more buyouts and early retirement packages. Read more..

By NICK BUNKLEY - The New York Times

Chrysler’s New Ally Takes a Pragmatic Approach

Sergio Marchionne, the chief executive of the Fiat Group, is blunt in assessing a prospective alliance with Chrysler. Read more..

By BILL VLASIC - The New York Times

Consumers Are Saving More and Spending Less

Economic data released on Monday shows consumers and businesses embarking on an era of thrift as the recession deepens. Read more..

By JACK HEALY - The New York Times

Health Insurance: What You Need to Know

With Americans spending an ever increasing amount on medical costs, it’s more important than ever to have insurance that fits your health care needs. Read more..

By LESLEY ALDERMAN - The New York Times

Kazakhstan Takes Control of 2 Banks

Officials said they would bail out BTA Bank and Alliance Bank in exchange for shares, and later sell the shares when the market recovers. Read more..

By ANDREW E. KRAMER - The New York Times

Lessons Learned From Hard Times Past

Entrepreneurs say that it is even more important to keep learning and to strengthen relationships when the economy is in a downturn. Read more..

By PAUL B. BROWN - The New York Times

Macy’s Cuts Dividend and 7,000 Jobs

The department store chain said the job cuts, which amount to about 4 percent of its work force, and other actions are aimed at lowering annual expenses by about $400 million. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 11.88 11.88 11.32 11.37 126M
Wells Fargo & Co. WFC 19.65 19.74 17.45 18.53 95.3M
Microsoft MSFT 17.85 18.61 17.60 18.50 86.9M
JPMorgan Chase JPM 25.03 25.45 23.70 24.05 66.2M
Cisco Systems CSCO 15.43 15.75 15.01 15.62 65.9M
Pfizer PFE 14.40 15.38 14.40 15.20 63.4M
Intel INTC 13.67 13.79 13.29 13.73 56.7M
ExxonMobil XOM 76.85 78.64 76.67 78.12 39.6M
Abbott Laboratories ABT 55.89 57.39 55.36 56.98 31.6M
AT&T Inc. T 25.44 25.60 24.78 25.37 31.4M
Oracle Corp. ORCL 16.85 17.06 16.50 17.05 31.2M
Walt Disney & Co. DIS 20.78 20.79 19.76 20.62 27.4M
Merck MRK 29.88 30.76 28.93 30.24 23.4M
Wal-Mart Stores WMT 47.03 48.00 46.57 47.81 22.6M
Apple AAPL 91.92 93.38 90.28 92.98 21.4M
Bristol-Myers Squibb BMY 22.55 23.24 22.05 22.90 21.3M
ConocoPhillips COP 46.10 46.60 45.50 46.25 18.2M
Verizon Communications VZ 31.26 31.68 30.67 31.56 18.1M
Home Depot HD 21.97 22.04 20.83 21.92 17.5M
Procter & Gamble PG 53.49 54.09 52.54 53.91 14.9M
Amazon AMZN 60.75 64.20 60.00 63.59 14.7M
HP Inc. HPQ 34.98 36.25 34.43 36.10 14.4M
Johnson & Johnson JNJ 58.07 58.81 57.23 58.58 13.2M
Alphabet GOOGL 342.57 343.00 333.83 340.45 13.1M
Chevron CVX 70.57 71.79 69.94 71.64 12.5M
UnitedHealth Group UNH 29.61 30.25 28.69 29.74 12.4M
Schlumberger SLB 41.19 41.33 40.00 40.99 10.3M
Comcast CMCSA 14.70 14.81 14.31 14.68 10M
Coca-Cola KO 42.50 43.50 41.98 43.32 8.98M
International Business Machines IBM 91.07 93.73 90.16 93.48 8.86M
Gilead Sciences GILD 52.04 53.11 51.18 52.80 8.3M
McDonald's MCD 58.29 59.15 57.19 58.88 8.1M
3M MMM 51.25 51.82 50.30 51.64 7.72M
Amgen AMGN 55.77 56.91 55.45 56.66 7.67M
Visa V 50.21 50.95 48.19 48.39 7.24M
Boeing BA 41.45 42.43 40.76 42.09 7.22M
Altria MO 16.80 17.00 16.73 16.93 6.6M
Union Pacific UNP 43.58 45.76 42.79 45.52 5.99M
United Technologies UTX 48.24 48.64 47.15 48.31 5.43M
Pepsico PEP 50.52 51.74 49.77 51.52 5.32M
Berkshire Hathaway BRK.B 2945.00 3420.00 2926.00 2980.00 20.8K
Exchange Rates of February 03, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 89.410 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.229 CAD 1 CAD = 0.813 USD
US Dollar Swiss Franc 1 USD = 1.142 CHF 1 CHF = 0.875 USD
US Dollar Chinese Yuan 1 USD = 6.841 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 116.580 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.902 GBP 1 GBP = 1.109 EUR
Euro Australian Dollar 1 EUR = 2.001 AUD 1 AUD = 0.500 EUR
Euro Canadian Dollar 1 EUR = 1.603 CAD 1 CAD = 0.624 EUR
Euro Swiss Franc 1 EUR = 1.490 CHF 1 CHF = 0.671 EUR
Euro Chinese Yuan 1 EUR = 8.921 CNY 1 CNY = 0.112 EUR
Japanese Yen Pound Sterling 1 JPY = 0.773 GBP 1 GBP = 1.294 JPY
Japanese Yen Australian Dollar 1 JPY = 1.716 AUD 1 AUD = 0.583 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.375 CAD 1 CAD = 0.728 JPY
Japanese Yen Swiss Franc 1 JPY = 1.277 CHF 1 CHF = 0.783 JPY
Pound Sterling Australian Dollar 1 GBP = 2.219 AUD 1 AUD = 0.451 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.778 CAD 1 CAD = 0.563 GBP
Pound Sterling Swiss Franc 1 GBP = 1.651 CHF 1 CHF = 0.606 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.887 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.801 CAD 1 CAD = 1.249 AUD
Australian Dollar Swiss Franc 1 AUD = 0.744 CHF 1 CHF = 1.344 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.452 CNY 1 CNY = 0.225 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.928 CHF 1 CHF = 1.078 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.559 CNY 1 CNY = 0.180 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.986 CNY 1 CNY = 0.167 CHF

See what else happened on February 03, 2009