Financial news on February 05, 2009

Business and Financial news
A Push to Free Capital for Emerging Markets

With governments focused largely on shoring up domestic lending, major financial businesses are pushing to help the flow of financing to subsidiaries in emerging markets. Read more..


BHP Billiton Profit Falls on Lower Metal Prices

A sharp drop in commodity prices triggered a 56.5 percent decrease in first-half profits at BHP Billiton, the world’s largest mining company. Read more..

By MERAIAH FOLEY - The New York Times

Citing Write-Down, Time Warner Posts Loss and Forecasts Flat Year

The media company reported a fourth-quarter loss, hurt by a $24.2 billion write-down for its cable, publishing and AOL assets. Read more..

By TIM ARANGO - The New York Times

Digital Pirates Winning Battle With Studios

Widely available broadband access and new streaming sites have made it easy to watch pirated video online. Read more..

By BRIAN STELTER and BRAD STONE - The New York Times

In New York, Insurer Settles Its Dispute on Payments

MVP Health Care agreed on Wednesday to pay $535,000 to resolve a state inquiry into how it reimburses clients for services from out-of-network physicians. Read more..

By BLOOMBERG NEWS - The New York Times

Laptops, Already Tough, Now Pack More Inside

Panasonic’s Toughbook 19 can last up to 10 hours on a single charge and come with a new security feature that shuts off the machine’s lights when pushed. Read more..

By AZADEH ENSHA - The New York Times

Markets Close on a Down Note

Wall Street veered into the red as investors cashed their profits from a day earlier and waited for a highly anticipated report on January unemployment. Read more..

By JACK HEALY - The New York Times

Switch to Digital TV Wins a Delay to June 12

Television owners will have four more months to upgrade old sets before they will no longer receive analog signals. Read more..

By BRIAN STELTER - The New York Times

Ticketmaster Merger Plan Could Touch on Antitrust

If Ticketmaster Entertainment and Live Nation agree to merge, it would become an early test of the Obama administration’s views on concentrated corporate power. Read more..

By TIM ARANGO - The New York Times

Write-Down of $5.1 Billion Is Taken by Alcatel-Lucent

The $5.1 billion write-down, its biggest ever, was an admission by its new chief executive of the company’s shrunken value. Read more..

By KEVIN J. O'BRIEN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC17.2317.4014.6716.27207M
General ElectricGE11.0911.2810.6610.85195M
Cisco SystemsCSCO15.5516.6515.4516.35116M
JPMorgan ChaseJPM23.7425.3222.4924.5479.8M
Oracle Corp.ORCL16.8617.7016.7417.6235.4M
Walt Disney & Co.DIS18.8719.3018.1718.7135M
Wal-Mart StoresWMT47.1748.9847.1648.5633.3M
AT&T Inc.T24.6125.4924.4125.1529.7M
HP Inc.HPQ35.4535.4734.7635.0927.5M
Home DepotHD21.4822.4521.3622.4024.7M
Verizon CommunicationsVZ29.9531.5229.9531.1922.6M
Bristol-Myers SquibbBMY22.6122.8422.4622.7619.1M
Procter & GamblePG52.2953.6052.1353.3217.7M
Abbott LaboratoriesABT55.8456.7055.1056.5317.6M
Johnson & JohnsonJNJ57.9358.5456.9958.1114.8M
UnitedHealth GroupUNH28.6629.0828.5228.8013.3M
International Business MachinesIBM92.1393.2091.2292.4111.6M
Gilead SciencesGILD51.4452.4650.5452.239.15M
Union PacificUNP45.7847.5944.3547.286.67M
United TechnologiesUTX47.2348.5346.5248.056.63M
Berkshire HathawayBRK.B2967.003100.002841.502871.0046.2K
Exchange Rates of February 05, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.150 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.232 CAD1 CAD = 0.812 USD
US DollarSwiss Franc1 USD = 1.170 CHF1 CHF = 0.855 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 116.550 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.875 GBP1 GBP = 1.142 EUR
EuroAustralian Dollar1 EUR = 1.959 AUD1 AUD = 0.510 EUR
EuroCanadian Dollar1 EUR = 1.576 CAD1 CAD = 0.635 EUR
EuroSwiss Franc1 EUR = 1.497 CHF1 CHF = 0.668 EUR
EuroChinese Yuan1 EUR = 8.749 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.751 GBP1 GBP = 1.332 JPY
Japanese YenAustralian Dollar1 JPY = 1.680 AUD1 AUD = 0.595 JPY
Japanese YenCanadian Dollar1 JPY = 1.351 CAD1 CAD = 0.740 JPY
Japanese YenSwiss Franc1 JPY = 1.284 CHF1 CHF = 0.779 JPY
Pound SterlingAustralian Dollar1 GBP = 2.238 AUD1 AUD = 0.447 GBP
Pound SterlingCanadian Dollar1 GBP = 1.800 CAD1 CAD = 0.556 GBP
Pound SterlingSwiss Franc1 GBP = 1.709 CHF1 CHF = 0.585 GBP
Pound SterlingChinese Yuan1 GBP = 9.985 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.804 CAD1 CAD = 1.244 AUD
Australian DollarSwiss Franc1 AUD = 0.763 CHF1 CHF = 1.311 AUD
Australian DollarChinese Yuan1 AUD = 4.460 CNY1 CNY = 0.224 AUD
Canadian DollarSwiss Franc1 CAD = 0.949 CHF1 CHF = 1.054 CAD
Canadian DollarChinese Yuan1 CAD = 5.543 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 5.839 CNY1 CNY = 0.171 CHF

See what else happened on February 05, 2009