Financial news on September 03, 2008

Business and Financial news
Abu Dhabi Puts More Cash on the Line in Hollywood

Abu Dhabi Media, flush with oil cash, is adding to the $1 billion deal it announced with Warner Brothers last year, and is putting another billion in a new movie business. Read more..

By TIM ARANGO - The New York Times

A Regeneron Drug Minimized Recurrence of Gout in Clinical Trial

Results about the promising gout treatment Arcalyst come from a midstage trial involving a limited number of patients, but a larger study is planned for next year. Read more..

By ANDREW POLLACK - The New York Times

Assessing the Value of Small Wind Turbines

Interest for wind turbines small enough to mount on a roof is spreading from coast to coast, even though their installation is hardly ever recouped in electricity savings. Read more..

By KATE GALBRAITH - The New York Times

Despite Lower Oil Prices, Little Relief for Consumers

Oil prices are falling but manufacturers have not dropped oil-related price increases they made this year. Read more..

By LOUIS UCHITELLE and MICHAEL M. GRYNBAUM - The New York Times

English Soccer Club Sale Reveals Emirates’ Rivalry

Soccer may not yet compare with blue chip stocks. But the intense interest in the soccer club Manchester City illustrates the appeal of these visible assets for foreign investors. Read more..

By ROB HUGHES and LANDON THOMAS Jr - The New York Times

Getting Advice, From a Board or Otherwise

For some small-business owners, having a trusted set of outside advisers is as integral as the business plan. Read more..

By PAUL B. BROWN - The New York Times

K. K. Birla, a Leader of Indian Business, Dies at 89

Mr. Birla established one of India’s biggest business conglomerates, with interests in industries like sugar, fertilizers, chemicals, heavy engineering, and many others. Read more..

By HARESH PANDYA - The New York Times

Oil Prices Plunge to Five-Month Low

The Dow responded by soaring more than 200 points in morning trading, but the markets gave up their gains. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Thomas Bata, ‘Shoemaker to the World,’ Dies at 93

Mr. Bata made the company founded by his father so pervasive that it became a generic noun for shoe in some parts of the developing world, particularly in Africa. Read more..

By IAN AUSTEN - The New York Times

Wage Gaps for Women Frustrating Germany

Despite having a woman as head of government, Germany has one of the widest gender wage gaps in Europe. Read more..

By SARAH PLASS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 22.41 22.59 21.51 21.54 73.8M
Microsoft MSFT 27.01 27.18 26.84 26.90 57.1M
Cisco Systems CSCO 23.55 23.74 23.15 23.31 44.6M
Oracle Corp. ORCL 21.47 21.57 21.01 21.19 40.6M
Home Depot HD 27.94 29.40 27.91 29.33 39.1M
Wells Fargo & Co. WFC 31.12 31.39 30.58 31.01 38M
General Electric GE 28.45 28.69 28.30 28.57 37.1M
Pfizer PFE 19.17 19.36 19.05 19.20 30.3M
JPMorgan Chase JPM 38.91 39.75 38.44 39.71 28.8M
ExxonMobil XOM 77.01 78.60 77.01 78.02 27M
Apple AAPL 166.84 168.68 164.00 166.96 26.2M
Comcast CMCSA 21.15 21.63 21.07 21.55 20.5M
AT&T Inc. T 32.12 32.68 32.10 32.42 19.5M
HP Inc. HPQ 45.81 46.26 44.55 45.09 19M
ConocoPhillips COP 78.71 79.51 77.67 79.09 17.7M
Wal-Mart Stores WMT 59.59 60.23 59.16 59.79 15.8M
Verizon Communications VZ 35.69 35.98 35.48 35.70 14M
Abbott Laboratories ABT 58.80 59.30 57.75 57.93 12.6M
Schlumberger SLB 89.95 91.48 86.22 88.65 12.5M
Altria MO 21.35 21.61 21.06 21.26 11.9M
International Business Machines IBM 118.34 118.65 115.15 118.34 11.3M
Coca-Cola KO 51.66 52.04 51.27 51.66 11.2M
Chevron CVX 83.10 84.44 82.94 84.18 10.8M
Procter & Gamble PG 70.42 71.50 70.18 71.42 10.4M
McDonald's MCD 63.13 63.15 61.20 61.72 10.1M
Johnson & Johnson JNJ 71.67 71.90 71.31 71.51 9.84M
Walt Disney & Co. DIS 32.32 32.54 31.97 32.51 9.55M
Merck MRK 34.80 34.87 34.06 34.67 9.02M
Gilead Sciences GILD 50.57 51.51 50.21 51.38 8.97M
Visa V 74.56 75.34 72.07 73.05 8.85M
Alphabet GOOGL 468.20 474.29 459.58 464.41 8.62M
Bristol-Myers Squibb BMY 21.44 21.60 21.26 21.54 8.21M
Amgen AMGN 62.67 63.23 62.06 63.10 7.21M
Union Pacific UNP 82.03 83.03 79.53 80.55 6.71M
United Technologies UTX 67.80 67.80 66.30 67.42 5.82M
Amazon AMZN 81.40 82.00 80.02 80.77 5.74M
3M MMM 70.31 71.30 69.79 70.83 5.71M
Boeing BA 65.69 67.08 64.14 66.07 5.25M
Pepsico PEP 68.95 69.30 68.48 69.19 5.21M
UnitedHealth Group UNH 29.18 29.80 28.98 29.68 5.11M
Berkshire Hathaway BRK.B 3998.00 4014.50 3938.00 4014.50 17.8K
Exchange Rates of September 03, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 108.220 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.061 CAD 1 CAD = 0.942 USD
US Dollar Swiss Franc 1 USD = 1.106 CHF 1 CHF = 0.904 USD
US Dollar Chinese Yuan 1 USD = 6.843 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 156.820 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.816 GBP 1 GBP = 1.225 EUR
Euro Australian Dollar 1 EUR = 1.734 AUD 1 AUD = 0.577 EUR
Euro Canadian Dollar 1 EUR = 1.538 CAD 1 CAD = 0.650 EUR
Euro Swiss Franc 1 EUR = 1.603 CHF 1 CHF = 0.624 EUR
Japanese Yen Pound Sterling 1 JPY = 0.520 GBP 1 GBP = 1.922 JPY
Japanese Yen Australian Dollar 1 JPY = 1.105 AUD 1 AUD = 0.905 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.980 CAD 1 CAD = 1.020 JPY
Japanese Yen Swiss Franc 1 JPY = 1.022 CHF 1 CHF = 0.979 JPY
Pound Sterling Australian Dollar 1 GBP = 2.124 AUD 1 AUD = 0.471 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.883 CAD 1 CAD = 0.531 GBP
Pound Sterling Swiss Franc 1 GBP = 1.963 CHF 1 CHF = 0.509 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.886 CAD 1 CAD = 1.129 AUD
Australian Dollar Swiss Franc 1 AUD = 0.924 CHF 1 CHF = 1.083 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.042 CHF 1 CHF = 0.960 CAD

See what else happened on September 03, 2008