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

Stock Ticker symbol Open High Low Close Volume
Cisco Systems CSCO 18.05 18.30 17.29 17.39 91.3M
General Electric GE 20.69 20.98 19.80 19.93 87.1M
Microsoft MSFT 23.33 23.34 22.05 22.08 81.2M
Procter & Gamble PG 65.41 66.13 63.81 63.81 71.8M
Intel INTC 16.01 16.12 14.95 15.06 68.9M
Pfizer PFE 18.09 18.18 16.92 17.00 60.6M
Wells Fargo & Co. WFC 34.63 35.00 31.31 31.68 53.8M
JPMorgan Chase JPM 41.73 42.50 38.62 39.22 53.5M
ExxonMobil XOM 76.25 77.34 72.84 73.69 45.4M
Apple AAPL 108.91 109.72 102.99 103.30 44.9M
Oracle Corp. ORCL 18.65 18.76 17.71 17.82 37.4M
AT&T Inc. T 28.80 28.90 27.00 27.15 34M
Comcast CMCSA 17.70 17.74 16.90 16.90 32.4M
HP Inc. HPQ 37.89 37.95 35.97 36.25 22.4M
Home Depot HD 23.00 23.33 22.06 22.15 22.3M
Wal-Mart Stores WMT 55.88 56.00 54.00 54.13 22.2M
Johnson & Johnson JNJ 61.75 61.75 59.73 59.85 19.8M
Altria MO 18.88 19.18 18.20 18.24 19.5M
Abbott Laboratories ABT 55.86 57.40 54.83 55.18 19.2M
Verizon Communications VZ 32.22 32.41 30.56 30.84 19M
Schlumberger SLB 50.79 52.32 49.87 50.24 18.5M
ConocoPhillips COP 54.33 56.38 53.00 53.46 16.4M
Chevron CVX 76.73 78.35 74.00 74.88 16.4M
Walt Disney & Co. DIS 25.91 25.97 24.10 24.23 15.1M
Merck MRK 30.68 31.00 28.55 28.72 14.7M
Alphabet GOOGL 362.15 368.88 341.31 342.24 13.9M
Bristol-Myers Squibb BMY 21.27 21.77 20.59 20.75 13.2M
Coca-Cola KO 45.72 46.44 44.60 44.73 11.7M
Amazon AMZN 57.47 58.00 51.62 51.98 11.5M
UnitedHealth Group UNH 22.58 23.64 22.48 22.77 11.5M
Visa V 58.29 59.20 56.43 56.47 11.2M
Amgen AMGN 59.77 60.57 59.34 59.42 10.6M
Boeing BA 52.50 52.59 49.00 49.55 10M
Gilead Sciences GILD 46.58 47.79 45.00 45.02 9.34M
International Business Machines IBM 92.93 93.40 89.70 89.94 8.71M
Pepsico PEP 58.53 59.05 56.65 57.01 8.61M
McDonald's MCD 57.52 58.06 55.75 56.00 8.47M
3M MMM 64.64 67.47 64.39 64.52 8.21M
United Technologies UTX 56.46 56.94 53.50 53.67 8.11M
Union Pacific UNP 68.62 69.60 64.26 64.46 6.59M
Berkshire Hathaway BRK.B 3930.00 3950.00 3838.00 3890.00 23K
Exchange Rates of November 05, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.920 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.169 CAD 1 CAD = 0.855 USD
US Dollar Swiss Franc 1 USD = 1.157 CHF 1 CHF = 0.864 USD
US Dollar Chinese Yuan 1 USD = 6.829 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 126.900 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.815 GBP 1 GBP = 1.228 EUR
Euro Australian Dollar 1 EUR = 1.901 AUD 1 AUD = 0.526 EUR
Euro Canadian Dollar 1 EUR = 1.516 CAD 1 CAD = 0.660 EUR
Euro Swiss Franc 1 EUR = 1.500 CHF 1 CHF = 0.667 EUR
Euro Chinese Yuan 1 EUR = 8.853 CNY 1 CNY = 0.113 EUR
Japanese Yen Pound Sterling 1 JPY = 0.642 GBP 1 GBP = 1.559 JPY
Japanese Yen Australian Dollar 1 JPY = 1.498 AUD 1 AUD = 0.668 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.194 CAD 1 CAD = 0.838 JPY
Japanese Yen Swiss Franc 1 JPY = 1.182 CHF 1 CHF = 0.846 JPY
Pound Sterling Australian Dollar 1 GBP = 2.333 AUD 1 AUD = 0.429 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.860 CAD 1 CAD = 0.538 GBP
Pound Sterling Swiss Franc 1 GBP = 1.841 CHF 1 CHF = 0.543 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.881 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.797 CAD 1 CAD = 1.255 AUD
Australian Dollar Swiss Franc 1 AUD = 0.788 CHF 1 CHF = 1.269 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.673 CNY 1 CNY = 0.214 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.989 CHF 1 CHF = 1.011 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.843 CNY 1 CNY = 0.171 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.897 CNY 1 CNY = 0.170 CHF

See what else happened on November 05, 2008