Financial news on October 03, 2008

Business and Financial news
Bailout Plan Wins Approval; Democrats Vow Tighter Rules

Even as President Bush signed the $700 billion economic bailout into law, lawmakers said it was only a first step and pledged to make a sweeping overhaul of financial regulation. Read more..

By DAVID M. HERSZENHORN - The New York Times

Europe Opens Door to Easing in Rates

The European Central Bank hinted that an interest rate cut could come as early as November, in a sharp pivot that comes as leaders grapple with a financial crisis. Read more..

By CARTER DOUGHERTY - The New York Times

First Royalty Rates Set for Digital Music

A panel of federal judges ruled to renew the current royalty rate for CDs and other physical recordings, while setting rates for the first time for downloads, ring tones and other services. Read more..

By BEN SISARIO - The New York Times

For a Day, Fox Business Has a Spurt in Viewers

The nearly year-old channel had never before drawn an audience large enough to be considered statistically reliable by Nielsen. Read more..

By BRIAN STELTER and JACQUES STEINBERG - The New York Times

G.E. Raises $12.2 Billion by Selling New Stock

Shares of General Electric declined 10 percent as it announced a share offering that will be priced at a discount to Wednesday’s closing price. Read more..

By BLOOMBERG NEWS - The New York Times

Japan: Bank Invests in Money Manager

The Mitsubishi UFJ Financial Group will take a 9.9 percent stake in Aberdeen Asset Management and distribute the company’s products in Japan. Read more..

By BLOOMBERG NEWS - The New York Times

Nintendo Promises to Ship More of Wii for Holidays

With the holiday shopping season approaching, Nintendo said it was increasing shipments of Wii machines in an effort to avoid the supply problems that cost the company sales last year. Read more..

By LAURIE J. FLYNN - The New York Times

Shares of UBS Increase After It Forecasts a Profit

UBS, the giant Swiss bank that has been hit severely by the mortgage crisis, said that it would post a “small profit” during the third quarter, lifting its shares. Read more..

By MATTHEW SALTMARSH - The New York Times

Thain to Take a Role at Bank of America

Merrill Lynch’s chief, John A. Thain, will essentially retain control of the businesses run by Merrill in the combined company. Read more..

By MICHAEL J. de la MERCED - The New York Times

Where’s It All Going? Find Out Online

Although you don’t have control of the stock market, you do have control over your personal budget. Read more..

By RON LIEBER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 22.70 23.00 21.49 21.57 215M
Microsoft MSFT 26.37 27.47 26.24 26.32 114M
Intel INTC 17.50 17.91 17.20 17.31 83.4M
Apple AAPL 104.00 106.50 94.65 97.07 81.9M
Wells Fargo & Co. WFC 37.98 38.95 34.50 34.56 81.1M
Pfizer PFE 18.93 19.39 18.83 19.00 77.6M
Cisco Systems CSCO 21.14 22.40 21.13 21.25 73.5M
JPMorgan Chase JPM 50.31 50.63 45.23 45.90 68.6M
Oracle Corp. ORCL 19.67 20.54 19.48 19.48 53.7M
ExxonMobil XOM 77.85 81.75 77.55 77.94 44.2M
AT&T Inc. T 28.25 29.37 27.86 28.12 42.5M
Comcast CMCSA 18.66 19.27 18.38 18.42 33.4M
Wal-Mart Stores WMT 59.40 60.22 58.87 59.73 31.1M
Home Depot HD 25.10 25.31 23.72 23.81 27.2M
HP Inc. HPQ 43.09 45.11 42.62 43.00 25.5M
Johnson & Johnson JNJ 68.00 68.37 66.10 66.16 25.4M
Procter & Gamble PG 71.02 71.80 70.07 71.02 22.9M
Verizon Communications VZ 31.66 32.00 31.08 31.24 22.2M
ConocoPhillips COP 68.08 71.42 65.85 66.14 21.2M
Abbott Laboratories ABT 59.48 59.75 58.32 58.51 20.4M
Chevron CVX 79.96 83.70 79.07 79.38 18.8M
Altria MO 20.33 20.91 20.12 20.29 17.8M
Walt Disney & Co. DIS 30.17 31.06 29.46 29.54 17.5M
Merck MRK 31.39 32.30 31.25 31.78 17.3M
Schlumberger SLB 72.61 78.00 71.81 72.53 16.6M
Alphabet GOOGL 399.90 412.50 383.07 386.91 16M
Bristol-Myers Squibb BMY 20.63 20.94 20.31 20.43 14.9M
Visa V 59.07 60.17 56.31 56.84 14.6M
Amgen AMGN 59.26 60.75 58.72 58.89 14.5M
Coca-Cola KO 53.78 55.00 52.39 52.57 13.8M
Amazon AMZN 69.42 70.95 66.59 67.00 11.2M
McDonald's MCD 62.90 62.96 60.02 60.23 11.1M
Union Pacific UNP 63.09 65.34 60.53 61.81 11M
Gilead Sciences GILD 45.60 47.76 44.69 45.75 10.7M
Pepsico PEP 71.57 71.60 68.66 69.00 10.4M
United Technologies UTX 56.36 57.10 54.79 54.86 9.73M
International Business Machines IBM 105.16 110.95 103.03 103.44 9.64M
Boeing BA 54.00 56.40 53.76 53.83 9.31M
UnitedHealth Group UNH 25.06 25.29 23.99 24.11 7.62M
3M MMM 66.09 67.25 64.51 64.60 6.59M
Berkshire Hathaway BRK.B 4618.00 4700.00 4570.00 4650.00 52.6K
Exchange Rates of October 03, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 105.300 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.082 CAD 1 CAD = 0.924 USD
US Dollar Swiss Franc 1 USD = 1.129 CHF 1 CHF = 0.886 USD
US Dollar Chinese Yuan 1 USD = 6.844 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 145.150 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.778 GBP 1 GBP = 1.286 EUR
Euro Australian Dollar 1 EUR = 1.779 AUD 1 AUD = 0.562 EUR
Euro Canadian Dollar 1 EUR = 1.492 CAD 1 CAD = 0.670 EUR
Euro Swiss Franc 1 EUR = 1.556 CHF 1 CHF = 0.643 EUR
Euro Chinese Yuan 1 EUR = 9.436 CNY 1 CNY = 0.106 EUR
Japanese Yen Pound Sterling 1 JPY = 0.536 GBP 1 GBP = 1.867 JPY
Japanese Yen Australian Dollar 1 JPY = 1.226 AUD 1 AUD = 0.815 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.028 CAD 1 CAD = 0.973 JPY
Japanese Yen Swiss Franc 1 JPY = 1.072 CHF 1 CHF = 0.933 JPY
Pound Sterling Australian Dollar 1 GBP = 2.287 AUD 1 AUD = 0.437 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.918 CAD 1 CAD = 0.521 GBP
Pound Sterling Swiss Franc 1 GBP = 1.995 CHF 1 CHF = 0.501 GBP
Pound Sterling Chinese Yuan 1 GBP = 12.118 CNY 1 CNY = 0.083 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.837 CAD 1 CAD = 1.194 AUD
Australian Dollar Swiss Franc 1 AUD = 0.874 CHF 1 CHF = 1.144 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.302 CNY 1 CNY = 0.189 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.043 CHF 1 CHF = 0.959 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.324 CNY 1 CNY = 0.158 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.061 CNY 1 CNY = 0.165 CHF

See what else happened on October 03, 2008