Financial news on September 5th, 2008

Business and Financial news
A Serial Killer on Television, Now a Serial ‘Cover Boy’

Madison Avenue is taking notice of the attraction magazine covers attract, creating advertisements that are designed to look like them. Read more..

By STUART ELLIOTT - The New York Times

At ESPN, Play-by-Play Goes Virtual

ESPN is debuting new technology with Electronic Arts that would allow sports commentators to interact with three-dimensional virtual players. Read more..

By BROOKS BARNES - The New York Times

Bear Returns to Wall St. as Major Indexes Plunge

Investors pushed the Dow Jones industrials down 345 points after the government and retailers added more bad economic news. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

BP Compromises on Russian Oil Venture

BP agreed to replace the American head of its Russian joint venture and surrender some control on the board to resolve a bitter dispute with its Russian partners. Read more..

By ANDREW E. KRAMER - The New York Times

British Companies Emigrating Over Taxes

In the past week, three British companies have announced plans to move abroad before the end of the year, unhappy about a lack of clarity about tax rules and eager to cut their tax bill. Read more..

By JULIA WERDIGIER - The New York Times

Counseling on Student Loans Now May Ease Pain Later

What students about to take out their first loan should know. Read more..

By RON LIEBER - The New York Times

Lehman Weighs Split to Shed Troubling Loans

The ailing Wall Street bank is working toward a radical solution in its fight for survival: Splitting itself into a “good” bank and a “bad” one. Read more..

By BEN WHITE and JENNY ANDERSON - The New York Times

New York Plans to Sue Student Loan Company

The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms. Read more..

By JONATHAN D. GLATER - The New York Times

Russia’s Oligarchs May Face a Georgian Chill

Some policy makers are starting to suggest that the best way to influence the Kremlin would be to put more pressure on the Russian business community in Europe. Read more..

By LANDON THOMAS Jr - The New York Times

Two Banks in Europe Stand Pat on Rates

Both the European Central Bank and the Bank of England kept their key interest rates unchanged Thursday amid concerns of high inflation and a slowing economy. Read more..

By CARTER DOUGHERTY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC29,5731,3428,7931,2052.6M
General ElectricGE27,4927,9327,3927,8850.1M
Oracle Corp.ORCL19,7220,3219,7020,0747.2M
Cisco SystemsCSCO22,0922,6722,0722,2646.2M
JPMorgan ChaseJPM37,5039,7537,3539,6042.1M
Home DepotHD28,3228,7928,0328,5925.1M
AT&T Inc.T31,3631,7431,0231,5022.9M
Wal-Mart StoresWMT59,4060,8859,0260,7422.8M
HP Inc.HPQ44,1145,1443,9844,9617.6M
Verizon CommunicationsVZ34,0334,2533,5134,0815.9M
Abbott LaboratoriesABT56,2157,1955,9657,0112.9M
Gilead SciencesGILD49,4849,5147,8447,8512.8M
Procter & GamblePG70,3971,0769,7370,7811.6M
UnitedHealth GroupUNH27,9028,0127,2327,7110.9M
Johnson & JohnsonJNJ70,3971,0770,3170,6710.7M
Bristol-Myers SquibbBMY21,4121,5321,1321,4910.3M
Walt Disney & Co.DIS31,4531,5530,8731,369.01M
International Business MachinesIBM114,15115,09113,17114,338.81M
Union PacificUNP75,2475,5872,2875,467.74M
United TechnologiesUTX64,4865,0763,6864,086.8M
Berkshire HathawayBRK.B3930,003939,003889,003912,0016.4K
Exchange Rates of September 5th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 107,720 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,062 CAD1 CAD = 0,942 USD
US DollarSwiss Franc1 USD = 1,118 CHF1 CHF = 0,894 USD
US DollarChinese Yuan1 USD = 6,843 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 153,740 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,808 GBP1 GBP = 1,238 EUR
EuroAustralian Dollar1 EUR = 1,748 AUD1 AUD = 0,572 EUR
EuroCanadian Dollar1 EUR = 1,515 CAD1 CAD = 0,660 EUR
EuroSwiss Franc1 EUR = 1,595 CHF1 CHF = 0,627 EUR
EuroChinese Yuan1 EUR = 9,764 CNY1 CNY = 0,102 EUR
Japanese YenPound Sterling1 JPY = 0,525 GBP1 GBP = 1,904 JPY
Japanese YenAustralian Dollar1 JPY = 1,137 AUD1 AUD = 0,880 JPY
Japanese YenCanadian Dollar1 JPY = 0,986 CAD1 CAD = 1,015 JPY
Japanese YenSwiss Franc1 JPY = 1,038 CHF1 CHF = 0,963 JPY
Pound SterlingAustralian Dollar1 GBP = 2,163 AUD1 AUD = 0,462 GBP
Pound SterlingCanadian Dollar1 GBP = 1,876 CAD1 CAD = 0,533 GBP
Pound SterlingSwiss Franc1 GBP = 1,974 CHF1 CHF = 0,506 GBP
Australian DollarCanadian Dollar1 AUD = 0,866 CAD1 CAD = 1,155 AUD
Australian DollarSwiss Franc1 AUD = 0,912 CHF1 CHF = 1,096 AUD
Australian DollarChinese Yuan1 AUD = 5,581 CNY1 CNY = 0,179 AUD
Canadian DollarSwiss Franc1 CAD = 1,052 CHF1 CHF = 0,951 CAD
Canadian DollarChinese Yuan1 CAD = 6,444 CNY1 CNY = 0,155 CAD
Swiss FrancChinese Yuan1 CHF = 6,118 CNY1 CNY = 0,163 CHF

See what else happened on September 5th, 2008