Financial news on September 3rd, 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..


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

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO23.5523.7423.1523.3144.6M
Oracle Corp.ORCL21.4721.5721.0121.1940.6M
Home DepotHD27.9429.4027.9129.3339.1M
Wells Fargo & Co.WFC31.1231.3930.5831.0138M
General ElectricGE28.4528.6928.3028.5737.1M
JPMorgan ChaseJPM38.9139.7538.4439.7128.8M
AT&T Inc.T32.1232.6832.1032.4219.5M
HP Inc.HPQ45.8146.2644.5545.0919M
Wal-Mart StoresWMT59.5960.2359.1659.7915.8M
Verizon CommunicationsVZ35.6935.9835.4835.7014M
Abbott LaboratoriesABT58.8059.3057.7557.9312.6M
International Business MachinesIBM118.34118.65115.15118.3411.3M
Procter & GamblePG70.4271.5070.1871.4210.4M
Johnson & JohnsonJNJ71.6771.9071.3171.519.84M
Walt Disney & Co.DIS32.3232.5431.9732.519.55M
Gilead SciencesGILD50.5751.5150.2151.388.97M
Bristol-Myers SquibbBMY21.4421.6021.2621.548.21M
Union PacificUNP82.0383.0379.5380.556.71M
United TechnologiesUTX67.8067.8066.3067.425.82M
UnitedHealth GroupUNH29.1829.8028.9829.685.11M
Berkshire HathawayBRK.B3998.004014.503938.004014.5017.8K
Exchange Rates of September 3rd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.220 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.061 CAD1 CAD = 0.942 USD
US DollarSwiss Franc1 USD = 1.106 CHF1 CHF = 0.904 USD
US DollarChinese Yuan1 USD = 6.843 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 156.820 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.816 GBP1 GBP = 1.225 EUR
EuroAustralian Dollar1 EUR = 1.734 AUD1 AUD = 0.577 EUR
EuroCanadian Dollar1 EUR = 1.538 CAD1 CAD = 0.650 EUR
EuroSwiss Franc1 EUR = 1.603 CHF1 CHF = 0.624 EUR
Japanese YenPound Sterling1 JPY = 0.520 GBP1 GBP = 1.922 JPY
Japanese YenAustralian Dollar1 JPY = 1.105 AUD1 AUD = 0.905 JPY
Japanese YenCanadian Dollar1 JPY = 0.980 CAD1 CAD = 1.020 JPY
Japanese YenSwiss Franc1 JPY = 1.022 CHF1 CHF = 0.979 JPY
Pound SterlingAustralian Dollar1 GBP = 2.124 AUD1 AUD = 0.471 GBP
Pound SterlingCanadian Dollar1 GBP = 1.883 CAD1 CAD = 0.531 GBP
Pound SterlingSwiss Franc1 GBP = 1.963 CHF1 CHF = 0.509 GBP
Australian DollarCanadian Dollar1 AUD = 0.886 CAD1 CAD = 1.129 AUD
Australian DollarSwiss Franc1 AUD = 0.924 CHF1 CHF = 1.083 AUD
Canadian DollarSwiss Franc1 CAD = 1.042 CHF1 CHF = 0.960 CAD

See what else happened on September 3rd, 2008