Financial news on December 05, 2008

Business and Financial news
Auto Executives Still Find Skeptics

Detroit automakers are confronting the harsh politics of a downturn and realizing there might be too few votes to save them. Read more..

By DAVID M. HERSZENHORN and BILL VLASIC - The New York Times

Bernanke Calls for More Help for Homeowners

Foreclosures remain “too high,” hurting not only homeowners but lenders and the broader economy, the Fed chief said. Read more..

By JACK HEALY - The New York Times

Buyers Said to Weigh Purchasing a Piece of Bell Canada, Not All of It

The effort, led by the Ontario Teachers’ Pension Plan, comes after auditors said they could not certify the phone company as solvent. Read more..

By ZACHERY KOUWE and MICHAEL J. de la MERCED - The New York Times

Icahn Increases Stake in Yahoo

The financier now owns about 5.4 percent of the Internet search company, according to a regulatory filing on Thursday. Read more..

By BLOOMBERG NEWS - The New York Times

Is Chrysler Simply Looking for a Mate? That’s the Take of a Tennessee Senator

Senator Bob Corker said that the company’s parent was more interested in finding a merger partner than building a viable automaker for the long term. Read more..

By BILL VLASIC - The New York Times

Paris Offers a $33 Billion Stimulus Plan

The spending plan, the latest by a European country, is aimed at increasing investments by companies. Read more..

By KATRIN BENNHOLD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.3818.3016.9817.85107M
MicrosoftMSFT18.9119.9818.4719.8792M
IntelINTC12.7113.3512.3813.2985.2M
JPMorgan ChaseJPM30.4134.0029.7333.3573.6M
Wells Fargo & Co.WFC27.1030.0026.5829.9469.3M
Cisco SystemsCSCO15.1616.1014.7215.9467.6M
ExxonMobilXOM75.6777.9872.6876.6065M
PfizerPFE16.0516.9815.8216.5560.1M
Oracle Corp.ORCL15.2316.4015.1716.3257.2M
AT&T Inc.T27.6328.8426.9728.1551.2M
Wal-Mart StoresWMT54.2958.7154.0058.2137.7M
AppleAAPL90.3594.4988.8694.0037.3M
AltriaMO14.8815.1214.6215.0033.9M
Home DepotHD22.8324.5422.7024.4033M
ComcastCMCSA15.4016.2714.8816.1630M
ConocoPhillipsCOP45.5948.5843.6547.7726.5M
MerckMRK24.6726.9224.1326.4923.2M
ChevronCVX70.8575.2768.2274.4222.9M
Procter & GamblePG60.8162.9359.4062.6322.1M
Bristol-Myers SquibbBMY20.7321.7020.2121.2321.8M
HP Inc.HPQ32.8934.2731.8233.5321.4M
Verizon CommunicationsVZ31.8733.3530.9833.1921.4M
SchlumbergerSLB39.1940.1837.2439.0821M
Walt Disney & Co.DIS21.5122.8420.8722.7717.9M
McDonald'sMCD60.1062.8658.5562.7217.8M
Abbott LaboratoriesABT51.5453.2050.4452.7517.3M
Johnson & JohnsonJNJ55.8658.3755.2558.2316.6M
AmazonAMZN45.8948.4943.3048.2614.6M
Coca-ColaKO44.3346.0943.4245.9814.1M
AlphabetGOOGL271.02284.24264.02283.9913M
Gilead SciencesGILD45.1847.4944.1447.3911.6M
International Business MachinesIBM76.7881.5075.3180.5911.2M
BoeingBA38.0039.5736.2839.5310.6M
3MMMM58.2160.4457.8459.8510.3M
VisaV49.7553.4748.5053.1810.2M
PepsicoPEP52.4154.5151.3753.379.94M
United TechnologiesUTX46.6649.4045.8249.019.43M
AmgenAMGN56.0357.9455.4257.409.27M
UnitedHealth GroupUNH19.5221.5719.2321.418.25M
Union PacificUNP46.6347.7044.8647.497.21M
Berkshire HathawayBRK.B3190.003409.003110.003360.0041.4K
Exchange Rates of December 05, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.790 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.270 CAD1 CAD = 0.787 USD
US DollarSwiss Franc1 USD = 1.219 CHF1 CHF = 0.820 USD
US DollarChinese Yuan1 USD = 6.876 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 118.090 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.866 GBP1 GBP = 1.154 EUR
EuroAustralian Dollar1 EUR = 1.968 AUD1 AUD = 0.508 EUR
EuroCanadian Dollar1 EUR = 1.618 CAD1 CAD = 0.618 EUR
EuroSwiss Franc1 EUR = 1.552 CHF1 CHF = 0.644 EUR
EuroChinese Yuan1 EUR = 8.755 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.734 GBP1 GBP = 1.363 JPY
Japanese YenAustralian Dollar1 JPY = 1.665 AUD1 AUD = 0.600 JPY
Japanese YenCanadian Dollar1 JPY = 1.371 CAD1 CAD = 0.730 JPY
Japanese YenSwiss Franc1 JPY = 1.314 CHF1 CHF = 0.761 JPY
Pound SterlingAustralian Dollar1 GBP = 2.270 AUD1 AUD = 0.441 GBP
Pound SterlingCanadian Dollar1 GBP = 1.867 CAD1 CAD = 0.536 GBP
Pound SterlingSwiss Franc1 GBP = 1.790 CHF1 CHF = 0.559 GBP
Pound SterlingChinese Yuan1 GBP = 10.108 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.822 CAD1 CAD = 1.217 AUD
Australian DollarSwiss Franc1 AUD = 0.788 CHF1 CHF = 1.269 AUD
Australian DollarChinese Yuan1 AUD = 4.451 CNY1 CNY = 0.225 AUD
Canadian DollarSwiss Franc1 CAD = 0.959 CHF1 CHF = 1.043 CAD
Canadian DollarChinese Yuan1 CAD = 5.424 CNY1 CNY = 0.184 CAD
Swiss FrancChinese Yuan1 CHF = 5.635 CNY1 CNY = 0.177 CHF

See what else happened on December 05, 2008