Financial news on September 4th, 2008

Business and Financial news
After Strike Vote, Boeing Union Agrees to Resume Talks

Leader of the machinists’ union at Boeing agreed to return to the bargaining table early Thursday, just hours after union members voted to strike over contract negotiations. Read more..


Australia: Economic Expansion Slows

Australia’s economic expansion slowed to the weakest rate in more than three years as consumers reduced spending, stoking speculation the central bank would cut interest rates again. Read more..

By BLOOMBERG NEWS - The New York Times

Economy Stays Stuck as Consumers Cut Back

The nation’s economy failed to pick up speed in August, as Americans cut back on spending, shopped at discount stores and watched prices rise, the Federal Reserve said. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Ford to Revive Engine Plant in Canada

The automaker said it would reopen a plant in Windsor, Ontario, after the government announced 80 million Canadian dollars in assistance for the project. Read more..

By IAN AUSTEN - The New York Times

For Gamers, a Way to Look Like a Pro While Playing a Toy Guitar

Starpex, created by Peak, is the first music game controller with a real wooden neck and double game buttons for hitting the high notes. Read more..

By JOHN BIGGS - The New York Times

Former KBR Executive Pleads Guilty to Bribery

A former chief executive of the former Halliburton subsidiary pleaded guilty to federal bribery and kickback charges in connection with work done in Nigeria from 1995 to 2004. Read more..

By CLIFFORD KRAUSS - The New York Times

Free Music Downloads Without the Legal Peril

Everybody likes free music but nobody likes to be sued. For people seeking free music online, therein lies the rub. Read more..

By ROY FURCHGOTT - The New York Times

On Internet, You’ve Got (Paper) Mail

Exploring the joys and woes of an online mailbox whose address never changes. Read more..

By DAVID POGUE - The New York Times

Siemens Accused of Posting a Rival’s Secrets

Rival software maker Dassault Systèmes accused Siemens of posting confidential business data about Dassault clients on Siemens’s intranet. Read more..

By DAVID JOLLY - The New York Times

Walkman Plays Music, Video and FM but Little Noise

Sony may have ceded much of the personal music player market to Apple and its iPod, but the company’s nearly 30-year-old product line continues with new models. Read more..

By J. D. BIERSDORFER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Oracle Corp.ORCL20.8420.8919.9219.9380.2M
Cisco SystemsCSCO22.7922.8022.1622.2864.1M
General ElectricGE28.3928.4927.6027.7060.3M
Wells Fargo & Co.WFC30.5630.9529.5729.6746.5M
JPMorgan ChaseJPM39.3039.7837.8337.9141.5M
Home DepotHD28.9529.1728.4628.5731.6M
AT&T Inc.T32.2532.6031.5231.5829.9M
Wal-Mart StoresWMT60.0060.8959.7059.7827.6M
Verizon CommunicationsVZ35.5135.5934.1534.2120.2M
Abbott LaboratoriesABT57.5257.6856.4556.5716.5M
HP Inc.HPQ44.9945.0944.1044.4615.7M
Johnson & JohnsonJNJ71.4971.4970.4070.4513.7M
UnitedHealth GroupUNH29.5629.6227.7228.0613.5M
Procter & GamblePG71.1671.5270.3770.4412.3M
Bristol-Myers SquibbBMY21.3821.6421.2021.5012.1M
Walt Disney & Co.DIS32.4432.4431.4931.5411.4M
Union PacificUNP79.8180.0074.8175.7310.4M
International Business MachinesIBM117.99118.90114.90115.0010.1M
United TechnologiesUTX66.7266.9964.2464.888.58M
Gilead SciencesGILD50.9051.2649.9849.988.46M
Berkshire HathawayBRK.B4000.004032.003900.503946.0019.5K
Exchange Rates of September 4th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106.470 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.071 CAD1 CAD = 0.933 USD
US DollarSwiss Franc1 USD = 1.113 CHF1 CHF = 0.898 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 151.640 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.809 GBP1 GBP = 1.236 EUR
EuroAustralian Dollar1 EUR = 1.747 AUD1 AUD = 0.572 EUR
EuroCanadian Dollar1 EUR = 1.526 CAD1 CAD = 0.655 EUR
EuroSwiss Franc1 EUR = 1.586 CHF1 CHF = 0.631 EUR
EuroChinese Yuan1 EUR = 9.746 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.533 GBP1 GBP = 1.875 JPY
Japanese YenAustralian Dollar1 JPY = 1.152 AUD1 AUD = 0.868 JPY
Japanese YenCanadian Dollar1 JPY = 1.006 CAD1 CAD = 0.995 JPY
Japanese YenSwiss Franc1 JPY = 1.045 CHF1 CHF = 0.957 JPY
Pound SterlingAustralian Dollar1 GBP = 2.159 AUD1 AUD = 0.463 GBP
Pound SterlingCanadian Dollar1 GBP = 1.885 CAD1 CAD = 0.530 GBP
Pound SterlingSwiss Franc1 GBP = 1.959 CHF1 CHF = 0.511 GBP
Pound SterlingChinese Yuan1 GBP = 12.020 CNY1 CNY = 0.083 GBP
Australian DollarCanadian Dollar1 AUD = 0.873 CAD1 CAD = 1.146 AUD
Australian DollarSwiss Franc1 AUD = 0.907 CHF1 CHF = 1.103 AUD
Australian DollarChinese Yuan1 AUD = 5.578 CNY1 CNY = 0.179 AUD
Canadian DollarSwiss Franc1 CAD = 1.039 CHF1 CHF = 0.963 CAD
Canadian DollarChinese Yuan1 CAD = 6.378 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.144 CNY1 CNY = 0.163 CHF

See what else happened on September 4th, 2008