Financial news on January 5th, 2009

Business and Financial news
A Star Turn for a Sheriff on Fox TV

With his reputation for being tough on crime and his way with a good quote, Sheriff Joseph M. Arpaio of Maricopa County in Arizona would seem to be a reality show waiting to happen. Read more..

By DAVID CARR - The New York Times

As Vacant Office Space Grows, So Does Lenders’ Crisis

Rising vacancy rates across the country could make it hard for building owners to pay their mortgages. Read more..

By CHARLES V. BAGLI - The New York Times

Auto Industry Still Coming to Grips With the Damage of 2008

Each of the six largest automakers, including foreign and domestic brands, is expected to say that its sales in the United States fell at least 30 percent in December. Read more..

By NICK BUNKLEY - The New York Times

New Year’s Resolutions for Washington

A few resolutions Barack Obama should make for 2009. Read more..


Resurrecting the WB as a Web Contender

When launched in August 2008, Warner Brothers executives knew they had something most start-up sites do not have — a loyal audience base. Read more..

By JOHN CONSOLI - The New York Times

The Times to Sell Display Ads on the Front Page

Faced with declining advertising revenue, The Times joins many other newspapers across the country in a break with tradition. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Universal Sells Rogue for $150 Million

The sale of Rogue Pictures, a maker and distributor of lower-cost films, to Relativity Media signifies further reordering in Hollywood’s specialty movie business. Read more..

By MICHAEL CIEPLY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE17.1717.2416.5016.6372.5M
Cisco SystemsCSCO16.8517.3016.7517.1145.5M
JPMorgan ChaseJPM30.7330.7729.0829.2544.1M
Wells Fargo & Co.WFC29.7429.7928.0628.0643.6M
Verizon CommunicationsVZ33.7033.7031.8432.4836.1M
AT&T Inc.T28.8028.8928.0628.4332.4M
Oracle Corp.ORCL18.1918.2517.8618.0928.3M
Home DepotHD24.0224.8823.8124.7122.6M
Bristol-Myers SquibbBMY23.8423.9323.1223.2317M
Wal-Mart StoresWMT56.9657.3555.6856.5216M
Johnson & JohnsonJNJ60.4260.7759.3660.0515.5M
HP Inc.HPQ36.8036.8036.0536.3314.5M
Procter & GamblePG62.3262.4461.5962.3514.3M
Abbott LaboratoriesABT53.2053.4852.0752.6413.1M
Walt Disney & Co.DIS23.5124.0023.2923.5011.7M
UnitedHealth GroupUNH27.4027.6726.5627.148.52M
International Business MachinesIBM86.4287.6786.1886.828.32M
Gilead SciencesGILD51.7651.9850.4151.007.83M
Union PacificUNP50.6952.6149.5952.056.26M
United TechnologiesUTX54.3254.9853.8054.305.46M
Berkshire HathawayBRK.B3343.003405.003291.003349.0028.7K
Exchange Rates of January 5th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.320 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.189 CAD1 CAD = 0.841 USD
US DollarSwiss Franc1 USD = 1.109 CHF1 CHF = 0.902 USD
US DollarChinese Yuan1 USD = 6.831 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 127.190 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.927 GBP1 GBP = 1.079 EUR
EuroAustralian Dollar1 EUR = 1.900 AUD1 AUD = 0.526 EUR
EuroCanadian Dollar1 EUR = 1.621 CAD1 CAD = 0.617 EUR
EuroSwiss Franc1 EUR = 1.512 CHF1 CHF = 0.662 EUR
EuroChinese Yuan1 EUR = 9.299 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.729 GBP1 GBP = 1.372 JPY
Japanese YenAustralian Dollar1 JPY = 1.493 AUD1 AUD = 0.670 JPY
Japanese YenCanadian Dollar1 JPY = 1.274 CAD1 CAD = 0.785 JPY
Japanese YenSwiss Franc1 JPY = 1.188 CHF1 CHF = 0.842 JPY
Pound SterlingAustralian Dollar1 GBP = 2.049 AUD1 AUD = 0.488 GBP
Pound SterlingCanadian Dollar1 GBP = 1.746 CAD1 CAD = 0.573 GBP
Pound SterlingSwiss Franc1 GBP = 1.630 CHF1 CHF = 0.614 GBP
Pound SterlingChinese Yuan1 GBP = 10.025 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.852 CAD1 CAD = 1.173 AUD
Australian DollarSwiss Franc1 AUD = 0.795 CHF1 CHF = 1.258 AUD
Australian DollarChinese Yuan1 AUD = 4.900 CNY1 CNY = 0.204 AUD
Canadian DollarSwiss Franc1 CAD = 0.932 CHF1 CHF = 1.073 CAD
Canadian DollarChinese Yuan1 CAD = 5.744 CNY1 CNY = 0.174 CAD
Swiss FrancChinese Yuan1 CHF = 6.147 CNY1 CNY = 0.163 CHF

See what else happened on January 5th, 2009