Financial news on November 4th, 2008

Business and Financial news
Automakers Report Grim October Sales

Facing tight credit markets and an economic slowdown, Ford, G.M., Chrysler and Toyota all reported selling far fewer vehicles than a year ago. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

German Bank Seeks $10.5 Billion in Bailout Aid

Commerzbank on Monday became the first commercial lender in Germany to accept government cash, while several other European banks reported poor earnings. Read more..

By DAVID JOLLY - The New York Times

In Britain, Debate Over Help for Small Businesses

Britain’s small businesses are demanding cheaper credit and tax breaks after a multibillion-pound government bank bailout failed to immediately free up credit. Read more..

By JULIA WERDIGIER - The New York Times

In-Flight, and Stuck With a Seatmate’s Politics

Business travelers of all political affiliations reported an unusual amount of political conversation in the last few months from airplane seatmates. Read more..

By MARTHA C. WHITE - The New York Times

K.K.R. Delays Move Needed to Go Public

The private equity firm said it was delaying the purchase of a publicly listed affiliate until next year, a step it was to take before it could go public itself. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Overseas, More Nations Assemble Stimulus Plans

Governments around the world are stepping up efforts to prop up growth and cushion the impact of the financial crisis through various intervention mechanisms. Read more..

By VICTORIA BURNETT and BETTINA WASSENER - The New York Times

Profits Decline at Ryanair

Among the reasons for the sharp drop in half year profits, the low-cost airlines cited higher fuel prices accounted for half of Ryanair’s operating costs in the time period. Read more..

By CAROLINE BROTHERS - The New York Times

Yahoo and Google Offer to Revise Ad Partnership

The companies have offered to narrow the scope of the deal in a last-minute effort to win the approval of the Justice Department. Read more..

By MIGUEL HELFT - The New York Times

Yes, a Room’s Available. But No, You Can’t Check In.

With hotel profits under siege, this is not the time to be making your most loyal customers unhappy. Read more..

By JOE SHARKEY - The New York Times

Zaragoza, Beneficiary of Spain’s Heady Years, Feels the Undertow

The experience of Zaragoza, the capital of Spain’s fastest-growing region, illustrates how the crisis is spreading beyond real estate and finance to fundamental sectors of the European economy. Read more..

By NELSON D. SCHWARTZ - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE19.8321.0419.7520.77117M
Cisco SystemsCSCO17.5918.4617.3718.3380M
MicrosoftMSFT23.1323.6622.8723.5372.1M
IntelINTC16.1816.3915.8116.2671.4M
AppleAAPL109.99111.79106.67110.9950M
JPMorgan ChaseJPM41.2542.4240.8842.1748.9M
ExxonMobilXOM75.1377.9675.0777.4948.2M
Wells Fargo & Co.WFC34.4835.2533.9235.1147.1M
PfizerPFE18.1218.4517.9218.4146.8M
Procter & GamblePG65.3066.4865.1066.0746.7M
AT&T Inc.T28.5529.9128.4329.2839.4M
Oracle Corp.ORCL18.5019.0018.3218.9038.7M
ComcastCMCSA17.5218.0317.1217.7734M
HP Inc.HPQ39.1439.1437.4138.2427.1M
SchlumbergerSLB51.4152.3450.2452.0824.8M
Home DepotHD22.6923.4922.1623.3924.1M
Wal-Mart StoresWMT56.8057.2555.5656.1323.1M
Verizon CommunicationsVZ31.6733.0631.5132.6120.7M
ConocoPhillipsCOP52.9055.9752.8055.7720.3M
ChevronCVX75.4278.9274.8078.1920.1M
Bristol-Myers SquibbBMY20.9521.6320.7321.5919.2M
VisaV54.3860.4553.8859.8118.4M
AltriaMO19.4219.5919.0019.0918M
Walt Disney & Co.DIS25.2926.2425.2926.0216.8M
AlphabetGOOGL353.44372.36345.50366.9414.7M
Johnson & JohnsonJNJ61.8362.1761.3161.8914.6M
MerckMRK30.5331.3030.1631.1314.6M
Abbott LaboratoriesABT56.9457.0055.5756.4114.4M
Coca-ColaKO46.7046.9945.6146.0311.9M
AmgenAMGN62.2662.4659.6260.5711.5M
McDonald'sMCD57.7758.2456.3957.7810.6M
UnitedHealth GroupUNH24.3024.4922.5522.8210.6M
International Business MachinesIBM94.7694.7692.0793.4010.2M
Gilead SciencesGILD47.7648.4246.3347.079.99M
BoeingBA54.4154.6552.7253.629.28M
United TechnologiesUTX56.0057.6455.3957.258.03M
AmazonAMZN57.1658.7355.2258.457.66M
PepsicoPEP58.4959.2357.7458.346.68M
Union PacificUNP65.6069.7564.3569.446.23M
3MMMM65.4566.2364.1765.615.9M
Berkshire HathawayBRK.B3900.003969.003851.003950.0024.8K
Exchange Rates of November 4th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 99.670 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.149 CAD1 CAD = 0.870 USD
US DollarSwiss Franc1 USD = 1.163 CHF1 CHF = 0.860 USD
US DollarChinese Yuan1 USD = 6.836 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 129.380 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.814 GBP1 GBP = 1.229 EUR
EuroAustralian Dollar1 EUR = 1.859 AUD1 AUD = 0.538 EUR
EuroCanadian Dollar1 EUR = 1.491 CAD1 CAD = 0.671 EUR
EuroSwiss Franc1 EUR = 1.510 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 8.878 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.629 GBP1 GBP = 1.591 JPY
Japanese YenAustralian Dollar1 JPY = 1.436 AUD1 AUD = 0.696 JPY
Japanese YenCanadian Dollar1 JPY = 1.152 CAD1 CAD = 0.868 JPY
Japanese YenSwiss Franc1 JPY = 1.166 CHF1 CHF = 0.857 JPY
Pound SterlingAustralian Dollar1 GBP = 2.284 AUD1 AUD = 0.438 GBP
Pound SterlingCanadian Dollar1 GBP = 1.833 CAD1 CAD = 0.546 GBP
Pound SterlingSwiss Franc1 GBP = 1.855 CHF1 CHF = 0.539 GBP
Pound SterlingChinese Yuan1 GBP = 10.903 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.802 CAD1 CAD = 1.247 AUD
Australian DollarSwiss Franc1 AUD = 0.812 CHF1 CHF = 1.232 AUD
Australian DollarChinese Yuan1 AUD = 4.770 CNY1 CNY = 0.210 AUD
Canadian DollarSwiss Franc1 CAD = 1.012 CHF1 CHF = 0.989 CAD
Canadian DollarChinese Yuan1 CAD = 5.947 CNY1 CNY = 0.168 CAD
Swiss FrancChinese Yuan1 CHF = 5.880 CNY1 CNY = 0.170 CHF

See what else happened on November 4th, 2008