Financial news on December 08, 2008

Business and Financial news
In String of Bad News, Omens of a Long Recession

This recession, which officially began in December 2007, now appears virtually certain to be the longest downturn -- and possibly most severe -- since the end of World War II. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Journalists Are a Chatty Bunch, as CNN Finds Out on Twitter

At a meeting last week, one journalist shared the framework of CNN’s plans for a news wire service in real time on the social messaging Web site Twitter. Read more..

By BRIAN STELTER - The New York Times

Storefronts in Virtual Worlds Bringing in Real Money

So far, the deepening recession has not slowed sales of virtual goods, which executives attribute to people spending more time at home. Read more..

By STEFANIE OLSEN - The New York Times

The Online Customer Is Spending Less

The average shopper spent $7.19 less per transaction on Cyber Monday this year over last -- reflecting deeper discounts than usual, thriftier shoppers, or both. Read more..

By JEFF VANDAM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18.4219.3018.3518.88131M
MicrosoftMSFT20.3521.2520.1421.01107M
JPMorgan ChaseJPM33.9737.7033.6036.4984.6M
Cisco SystemsCSCO16.5017.4516.4517.2582.3M
IntelINTC13.5614.0113.4513.9478M
Wells Fargo & Co.WFC30.6432.7330.2232.6670.9M
ExxonMobilXOM78.5980.0678.1979.6051.6M
PfizerPFE16.8717.2516.7216.9350.3M
Oracle Corp.ORCL16.5117.3216.3517.0449.7M
AT&T Inc.T28.9030.6528.8429.9845.9M
AppleAAPL97.28100.8095.8099.7242.3M
Walt Disney & Co.DIS23.0026.1022.9124.9234.1M
ComcastCMCSA16.2316.6416.1216.5531.6M
Home DepotHD24.9725.1924.0524.2528.8M
AltriaMO15.3415.4814.7615.0028.3M
Wal-Mart StoresWMT58.5859.2356.5157.5627.1M
Verizon CommunicationsVZ34.0034.9033.6034.2326.4M
Bristol-Myers SquibbBMY21.6422.2921.6121.9922.1M
ChevronCVX76.0379.2875.8878.0922M
ConocoPhillipsCOP50.0051.9749.7050.8521.3M
Procter & GamblePG63.0164.0062.0262.4920.9M
HP Inc.HPQ34.4035.8433.9735.2319.9M
Abbott LaboratoriesABT53.7053.7452.7352.9218M
SchlumbergerSLB40.9742.3540.7841.3117M
McDonald'sMCD63.3563.9960.4060.9217M
Johnson & JohnsonJNJ59.0759.7757.7558.7716.4M
AlphabetGOOGL289.99309.44282.00302.1116.3M
MerckMRK27.0127.6826.7527.0015.3M
3MMMM59.0160.6855.4357.3814.1M
Coca-ColaKO46.4947.0645.4445.9813.5M
VisaV54.4057.6753.9756.1613.3M
BoeingBA40.3543.6940.0442.8513.1M
International Business MachinesIBM82.5785.8881.7384.8611.2M
AmgenAMGN57.9458.6456.8458.1711M
AmazonAMZN49.1552.1447.3651.4110.9M
Gilead SciencesGILD47.8648.0145.9146.6710.4M
United TechnologiesUTX50.1150.5048.5348.659.99M
PepsicoPEP54.3954.5052.8653.609.97M
Union PacificUNP48.6451.4148.1950.638.82M
UnitedHealth GroupUNH21.9822.0920.8821.457.72M
Berkshire HathawayBRK.B3405.003554.003382.003539.5059.7K
Exchange Rates of December 08, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92.810 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.250 CAD1 CAD = 0.800 USD
US DollarSwiss Franc1 USD = 1.203 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 6.877 CNY1 CNY = 0.145 USD
EuroJapanese Yen1 EUR = 120.280 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.869 GBP1 GBP = 1.151 EUR
EuroAustralian Dollar1 EUR = 1.949 AUD1 AUD = 0.513 EUR
EuroCanadian Dollar1 EUR = 1.621 CAD1 CAD = 0.617 EUR
EuroSwiss Franc1 EUR = 1.560 CHF1 CHF = 0.641 EUR
EuroChinese Yuan1 EUR = 8.908 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.722 GBP1 GBP = 1.385 JPY
Japanese YenAustralian Dollar1 JPY = 1.620 AUD1 AUD = 0.617 JPY
Japanese YenCanadian Dollar1 JPY = 1.347 CAD1 CAD = 0.742 JPY
Japanese YenSwiss Franc1 JPY = 1.296 CHF1 CHF = 0.772 JPY
Pound SterlingAustralian Dollar1 GBP = 2.243 AUD1 AUD = 0.446 GBP
Pound SterlingCanadian Dollar1 GBP = 1.865 CAD1 CAD = 0.536 GBP
Pound SterlingSwiss Franc1 GBP = 1.795 CHF1 CHF = 0.557 GBP
Pound SterlingChinese Yuan1 GBP = 10.242 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.831 CAD1 CAD = 1.203 AUD
Australian DollarSwiss Franc1 AUD = 0.800 CHF1 CHF = 1.251 AUD
Australian DollarChinese Yuan1 AUD = 4.576 CNY1 CNY = 0.219 AUD
Canadian DollarSwiss Franc1 CAD = 0.962 CHF1 CHF = 1.040 CAD
Canadian DollarChinese Yuan1 CAD = 5.494 CNY1 CNY = 0.182 CAD
Swiss FrancChinese Yuan1 CHF = 5.715 CNY1 CNY = 0.175 CHF

See what else happened on December 08, 2008