Financial news on November 3rd, 2008

Business and Financial news
As Blogs Eat Its Bread and Butter, a Satire Magazine Folds

Last week, Canada’s Frank magazine, which once took unvarnished delight in the failings of others, stopped publishing. Read more..

By IAN AUSTEN - The New York Times

‘Campaign Embeds’ Hitting End of Tours

While the experience of covering a presidential campaign is invaluable, journalists’ opportunities are few after the election. Read more..

By BRIAN STELTER - The New York Times

Debt Linked to Buyouts Tightens the Economic Vise

Analysts expect an array of private equity firms to face pressure as profits shrink and creditors come knocking. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

Elections Are Fertile Ground for Testing Market Soothsayers

There is a long tradition of market watchers seeking connections between two of America’s favorite pastimes: picking presidents and picking stocks. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Hefty Discounts Could Arrive on Big-Screen TVs, but Buyers May Be Resistant

This holiday season, retailers may have no choice but to resort to aggressive pricing to draw more people into the stores. Read more..

By ERIC A. TAUB - The New York Times

On Security, Microsoft Reports Progress and Alarm

In the latest edition of its “Security Intelligence Report,” Microsoft said that the security 0f its Windows operating system has significantly improved. Read more..

By JOHN MARKOFF - The New York Times

Wall Street Crisis as a Reality Show

The producers of the reality TV series “Wall Street Warriors” find themselves in a case of life imitating life. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO17.6817.7017.0017.2056.9M
General ElectricGE19.7819.8819.2019.3056.4M
Procter & GamblePG64.5465.2564.0764.4050.5M
JPMorgan ChaseJPM41.2541.2540.2040.7345.1M
Wells Fargo & Co.WFC34.0534.4733.4133.8037.4M
Oracle Corp.ORCL18.1118.4118.0418.3328.4M
AT&T Inc.T26.8728.2126.8527.8126M
HP Inc.HPQ38.2839.3938.0538.6121.7M
Walt Disney & Co.DIS25.8525.8524.1925.0419.7M
Wal-Mart StoresWMT56.7657.2055.7655.9718.8M
Home DepotHD23.5923.5922.1122.2217.9M
Verizon CommunicationsVZ30.1231.0629.9230.7515.5M
Abbott LaboratoriesABT55.1256.2654.7556.0013.3M
Bristol-Myers SquibbBMY20.7021.0020.4920.5512.7M
Johnson & JohnsonJNJ61.4961.8260.5661.1611.8M
Gilead SciencesGILD45.7547.9945.6047.3110.8M
International Business MachinesIBM92.6494.6792.1792.687.69M
Union PacificUNP66.6967.2963.8364.355.47M
UnitedHealth GroupUNH23.6823.9923.2523.495.45M
United TechnologiesUTX54.9655.7054.0954.254.12M
Berkshire HathawayBRK.B3800.003918.003790.003860.0033.3K
Exchange Rates of November 3rd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 99.100 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.181 CAD1 CAD = 0.847 USD
US DollarSwiss Franc1 USD = 1.175 CHF1 CHF = 0.851 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 125.300 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.799 GBP1 GBP = 1.252 EUR
EuroAustralian Dollar1 EUR = 1.868 AUD1 AUD = 0.535 EUR
EuroCanadian Dollar1 EUR = 1.493 CAD1 CAD = 0.670 EUR
EuroSwiss Franc1 EUR = 1.485 CHF1 CHF = 0.673 EUR
EuroChinese Yuan1 EUR = 8.642 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.637 GBP1 GBP = 1.569 JPY
Japanese YenAustralian Dollar1 JPY = 1.490 AUD1 AUD = 0.671 JPY
Japanese YenCanadian Dollar1 JPY = 1.192 CAD1 CAD = 0.839 JPY
Japanese YenSwiss Franc1 JPY = 1.185 CHF1 CHF = 0.844 JPY
Pound SterlingAustralian Dollar1 GBP = 2.339 AUD1 AUD = 0.428 GBP
Pound SterlingCanadian Dollar1 GBP = 1.869 CAD1 CAD = 0.535 GBP
Pound SterlingSwiss Franc1 GBP = 1.859 CHF1 CHF = 0.538 GBP
Pound SterlingChinese Yuan1 GBP = 10.801 CNY1 CNY = 0.093 GBP
Australian DollarCanadian Dollar1 AUD = 0.799 CAD1 CAD = 1.252 AUD
Australian DollarSwiss Franc1 AUD = 0.795 CHF1 CHF = 1.258 AUD
Australian DollarChinese Yuan1 AUD = 4.626 CNY1 CNY = 0.216 AUD
Canadian DollarSwiss Franc1 CAD = 0.993 CHF1 CHF = 1.007 CAD
Canadian DollarChinese Yuan1 CAD = 5.792 CNY1 CNY = 0.173 CAD
Swiss FrancChinese Yuan1 CHF = 5.822 CNY1 CNY = 0.172 CHF

See what else happened on November 3rd, 2008