Financial news on November 05, 2008

Business and Financial news
Detroit Revives a Hotel and Some Hope

The completion of a $200 million renovation of the Book Cadillac hotel in downtown Detroit is another sign for residents that the city is working to regain some polish and prestige. Read more..

By KEITH SCHNEIDER - The New York Times

Economy Shifts, and the Ethanol Industry Reels

Falling prices, credit woes and volatile costs for the corn from which ethanol is made are threatening producers. Read more..

By KATE GALBRAITH - The New York Times

Europe Questions Merger of Mining Companies

BHP Billiton’s yearlong pursuit of its mining company rival Rio Tinto hit a major obstacle when the European antitrust authorities objected to the deal. Read more..

By DAVID JOLLY - The New York Times

F.C.C. Nods to New Use of Airwaves

Regulators approved use of a slice of radio spectrum in hopes that it will lead to improved Internet access. Read more..

By MATT RICHTEL - The New York Times

In Era of Blog Sniping, Companies Shoot First

Silicon Valley companies are now feeling pressured to break news about layoffs on their own blogs to better control the message. Read more..

By CLAIRE CAIN MILLER - The New York Times

In Modeling Risk, the Human Factor Was Left Out

Risk models used on Wall Street failed to keep pace with the growth in complex securities, experts say. Read more..

By STEVE LOHR - The New York Times

Shazam! A Projector Is Shrunk

When a 100-inch screen is overkill, a ridiculously simple micro-projector like the Optoma Pico really shines. Read more..

By DAVID POGUE - The New York Times

Surprises in a Closer Look at Credit-Default Swaps

The market credit-default swaps, which have played a significant role in the financial crisis, seems to be smaller than many analysts believed, a report suggested. Read more..

By VIKAS BAJAJ - The New York Times

Transit Agencies Seek Aid in Avoiding A.I.G. Fees

Dozens of municipal transit authorities have asked the federal government to help them avoid early-termination fees for tax shelters linked to the troubled insurance giant. Read more..

By LYNNLEY BROWNING - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Cisco SystemsCSCO18,0518,3017,2917,3991.3M
General ElectricGE20,6920,9819,8019,9387.1M
Procter & GamblePG65,4166,1363,8163,8171.8M
Wells Fargo & Co.WFC34,6335,0031,3131,6853.8M
JPMorgan ChaseJPM41,7342,5038,6239,2253.5M
Oracle Corp.ORCL18,6518,7617,7117,8237.4M
AT&T Inc.T28,8028,9027,0027,1534M
HP Inc.HPQ37,8937,9535,9736,2522.4M
Home DepotHD23,0023,3322,0622,1522.3M
Wal-Mart StoresWMT55,8856,0054,0054,1322.2M
Johnson & JohnsonJNJ61,7561,7559,7359,8519.8M
Abbott LaboratoriesABT55,8657,4054,8355,1819.2M
Verizon CommunicationsVZ32,2232,4130,5630,8419M
Walt Disney & Co.DIS25,9125,9724,1024,2315.1M
Bristol-Myers SquibbBMY21,2721,7720,5920,7513.2M
UnitedHealth GroupUNH22,5823,6422,4822,7711.5M
Gilead SciencesGILD46,5847,7945,0045,029.34M
International Business MachinesIBM92,9393,4089,7089,948.71M
United TechnologiesUTX56,4656,9453,5053,678.11M
Union PacificUNP68,6269,6064,2664,466.59M
Berkshire HathawayBRK.B3930,003950,003838,003890,0023K
Exchange Rates of November 05, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97,920 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,169 CAD1 CAD = 0,855 USD
US DollarSwiss Franc1 USD = 1,157 CHF1 CHF = 0,864 USD
US DollarChinese Yuan1 USD = 6,829 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 126,900 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,815 GBP1 GBP = 1,228 EUR
EuroAustralian Dollar1 EUR = 1,901 AUD1 AUD = 0,526 EUR
EuroCanadian Dollar1 EUR = 1,516 CAD1 CAD = 0,660 EUR
EuroSwiss Franc1 EUR = 1,500 CHF1 CHF = 0,667 EUR
EuroChinese Yuan1 EUR = 8,853 CNY1 CNY = 0,113 EUR
Japanese YenPound Sterling1 JPY = 0,642 GBP1 GBP = 1,559 JPY
Japanese YenAustralian Dollar1 JPY = 1,498 AUD1 AUD = 0,668 JPY
Japanese YenCanadian Dollar1 JPY = 1,194 CAD1 CAD = 0,838 JPY
Japanese YenSwiss Franc1 JPY = 1,182 CHF1 CHF = 0,846 JPY
Pound SterlingAustralian Dollar1 GBP = 2,333 AUD1 AUD = 0,429 GBP
Pound SterlingCanadian Dollar1 GBP = 1,860 CAD1 CAD = 0,538 GBP
Pound SterlingSwiss Franc1 GBP = 1,841 CHF1 CHF = 0,543 GBP
Pound SterlingChinese Yuan1 GBP = 10,881 CNY1 CNY = 0,092 GBP
Australian DollarCanadian Dollar1 AUD = 0,797 CAD1 CAD = 1,255 AUD
Australian DollarSwiss Franc1 AUD = 0,788 CHF1 CHF = 1,269 AUD
Australian DollarChinese Yuan1 AUD = 4,673 CNY1 CNY = 0,214 AUD
Canadian DollarSwiss Franc1 CAD = 0,989 CHF1 CHF = 1,011 CAD
Canadian DollarChinese Yuan1 CAD = 5,843 CNY1 CNY = 0,171 CAD
Swiss FrancChinese Yuan1 CHF = 5,897 CNY1 CNY = 0,170 CHF

See what else happened on November 05, 2008