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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE22,7023,0021,4921,57215M
MicrosoftMSFT26,3727,4726,2426,32114M
IntelINTC17,5017,9117,2017,3183.4M
AppleAAPL104,00106,5094,6597,0781.9M
Wells Fargo & Co.WFC37,9838,9534,5034,5681.1M
PfizerPFE18,9319,3918,8319,0077.6M
Cisco SystemsCSCO21,1422,4021,1321,2573.5M
JPMorgan ChaseJPM50,3150,6345,2345,9068.6M
Oracle Corp.ORCL19,6720,5419,4819,4853.7M
ExxonMobilXOM77,8581,7577,5577,9444.2M
AT&T Inc.T28,2529,3727,8628,1242.5M
ComcastCMCSA18,6619,2718,3818,4233.4M
Wal-Mart StoresWMT59,4060,2258,8759,7331.1M
Home DepotHD25,1025,3123,7223,8127.2M
HP Inc.HPQ43,0945,1142,6243,0025.5M
Johnson & JohnsonJNJ68,0068,3766,1066,1625.4M
Procter & GamblePG71,0271,8070,0771,0222.9M
Verizon CommunicationsVZ31,6632,0031,0831,2422.2M
ConocoPhillipsCOP68,0871,4265,8566,1421.2M
Abbott LaboratoriesABT59,4859,7558,3258,5120.4M
ChevronCVX79,9683,7079,0779,3818.8M
AltriaMO20,3320,9120,1220,2917.8M
Walt Disney & Co.DIS30,1731,0629,4629,5417.5M
MerckMRK31,3932,3031,2531,7817.3M
SchlumbergerSLB72,6178,0071,8172,5316.6M
AlphabetGOOGL399,90412,50383,07386,9116M
Bristol-Myers SquibbBMY20,6320,9420,3120,4314.9M
VisaV59,0760,1756,3156,8414.6M
AmgenAMGN59,2660,7558,7258,8914.5M
Coca-ColaKO53,7855,0052,3952,5713.8M
AmazonAMZN69,4270,9566,5967,0011.2M
McDonald'sMCD62,9062,9660,0260,2311.1M
Union PacificUNP63,0965,3460,5361,8111M
Gilead SciencesGILD45,6047,7644,6945,7510.7M
PepsicoPEP71,5771,6068,6669,0010.4M
United TechnologiesUTX56,3657,1054,7954,869.73M
International Business MachinesIBM105,16110,95103,03103,449.64M
BoeingBA54,0056,4053,7653,839.31M
UnitedHealth GroupUNH25,0625,2923,9924,117.62M
3MMMM66,0967,2564,5164,606.59M
Berkshire HathawayBRK.B4618,004700,004570,004650,0052.6K
Exchange Rates of October 03, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105,300 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,082 CAD1 CAD = 0,924 USD
US DollarSwiss Franc1 USD = 1,129 CHF1 CHF = 0,886 USD
US DollarChinese Yuan1 USD = 6,844 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 145,150 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,778 GBP1 GBP = 1,286 EUR
EuroAustralian Dollar1 EUR = 1,779 AUD1 AUD = 0,562 EUR
EuroCanadian Dollar1 EUR = 1,492 CAD1 CAD = 0,670 EUR
EuroSwiss Franc1 EUR = 1,556 CHF1 CHF = 0,643 EUR
EuroChinese Yuan1 EUR = 9,436 CNY1 CNY = 0,106 EUR
Japanese YenPound Sterling1 JPY = 0,536 GBP1 GBP = 1,867 JPY
Japanese YenAustralian Dollar1 JPY = 1,226 AUD1 AUD = 0,815 JPY
Japanese YenCanadian Dollar1 JPY = 1,028 CAD1 CAD = 0,973 JPY
Japanese YenSwiss Franc1 JPY = 1,072 CHF1 CHF = 0,933 JPY
Pound SterlingAustralian Dollar1 GBP = 2,287 AUD1 AUD = 0,437 GBP
Pound SterlingCanadian Dollar1 GBP = 1,918 CAD1 CAD = 0,521 GBP
Pound SterlingSwiss Franc1 GBP = 1,995 CHF1 CHF = 0,501 GBP
Pound SterlingChinese Yuan1 GBP = 12,118 CNY1 CNY = 0,083 GBP
Australian DollarCanadian Dollar1 AUD = 0,837 CAD1 CAD = 1,194 AUD
Australian DollarSwiss Franc1 AUD = 0,874 CHF1 CHF = 1,144 AUD
Australian DollarChinese Yuan1 AUD = 5,302 CNY1 CNY = 0,189 AUD
Canadian DollarSwiss Franc1 CAD = 1,043 CHF1 CHF = 0,959 CAD
Canadian DollarChinese Yuan1 CAD = 6,324 CNY1 CNY = 0,158 CAD
Swiss FrancChinese Yuan1 CHF = 6,061 CNY1 CNY = 0,165 CHF

See what else happened on October 03, 2008