Financial news on October 08, 2008
Business and Financial news
The government of Abu Dhabi is betting billions of dollars that it can conquer one of the world’s toughest businesses. Read more..
The Australian central bank cut its key interest rate and the Bank of Japan dampened speculation of coordinated rate cuts by major economies as the global financial crisis deepened. Read more..
The proposal to guarantee consumer rights for all European Union members is expected to help spur shopping online and across national borders. Read more..
Google introduced a new type of e-commerce ad that YouTube users can click to buy digital goods from Apple’s iTunes or Amazon.com. Read more..
Ricky’s, a chain of beauty supply stores, has trouble finding temporary space for its yearly Halloween-linked temporary store expansion, despite offers to pay the two-month rent upfront. Read more..
With the market experiencing severe turbulence, is this the time to sell your stocks? Ron Lieber discusses your money. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 22.90 | 24.30 | 22.50 | 23.01 | 172M |
| General Electric | GE | 20.02 | 21.99 | 19.90 | 20.65 | 139M |
| Cisco Systems | CSCO | 18.02 | 19.60 | 17.80 | 18.34 | 130M |
| Intel | INTC | 15.61 | 16.83 | 15.49 | 16.25 | 124M |
| Pfizer | PFE | 17.37 | 18.05 | 17.13 | 17.13 | 112M |
| Apple | AAPL | 85.91 | 96.33 | 85.68 | 89.79 | 78.8M |
| Oracle Corp. | ORCL | 16.31 | 17.63 | 16.01 | 16.88 | 75.9M |
| JPMorgan Chase | JPM | 38.93 | 43.55 | 38.50 | 39.30 | 75.7M |
| ExxonMobil | XOM | 74.85 | 79.39 | 74.00 | 77.00 | 74.9M |
| AT&T Inc. | T | 25.02 | 26.13 | 23.95 | 24.73 | 65.7M |
| Wells Fargo & Co. | WFC | 29.95 | 33.76 | 29.22 | 31.90 | 57.5M |
| Comcast | CMCSA | 16.39 | 17.92 | 16.25 | 16.99 | 48.6M |
| Wal-Mart Stores | WMT | 53.71 | 56.77 | 52.75 | 54.55 | 47.8M |
| HP Inc. | HPQ | 37.76 | 42.00 | 37.14 | 40.00 | 41.3M |
| Johnson & Johnson | JNJ | 61.64 | 63.86 | 61.12 | 62.36 | 37.9M |
| Procter & Gamble | PG | 65.78 | 69.01 | 64.46 | 66.10 | 37.3M |
| Verizon Communications | VZ | 28.04 | 29.20 | 27.72 | 27.73 | 35.9M |
| Home Depot | HD | 21.16 | 22.46 | 20.76 | 21.17 | 35.1M |
| ConocoPhillips | COP | 59.40 | 64.93 | 58.59 | 62.03 | 33.7M |
| Abbott Laboratories | ABT | 54.92 | 56.89 | 52.85 | 55.29 | 31.4M |
| Altria | MO | 18.17 | 19.17 | 17.86 | 18.10 | 31M |
| Bristol-Myers Squibb | BMY | 18.52 | 19.77 | 18.50 | 18.94 | 29.6M |
| Walt Disney & Co. | DIS | 25.51 | 27.12 | 24.93 | 25.68 | 29M |
| Chevron | CVX | 72.13 | 77.16 | 70.40 | 73.10 | 28M |
| Schlumberger | SLB | 63.01 | 69.96 | 61.35 | 66.14 | 25.3M |
| Coca-Cola | KO | 48.65 | 49.60 | 46.45 | 47.41 | 24.5M |
| Alphabet | GOOGL | 330.16 | 358.99 | 326.11 | 338.11 | 23.6M |
| Merck | MRK | 28.58 | 29.93 | 28.01 | 28.52 | 22.5M |
| McDonald's | MCD | 53.26 | 55.83 | 53.25 | 53.41 | 20.7M |
| Visa | V | 49.01 | 54.43 | 47.75 | 52.63 | 18.8M |
| International Business Machines | IBM | 91.51 | 97.48 | 89.98 | 90.55 | 18M |
| Amgen | AMGN | 50.51 | 53.99 | 50.05 | 52.12 | 15.9M |
| Gilead Sciences | GILD | 39.52 | 42.45 | 39.24 | 41.07 | 14.3M |
| Amazon | AMZN | 55.64 | 62.75 | 55.35 | 61.02 | 14.3M |
| United Technologies | UTX | 48.80 | 51.99 | 48.66 | 49.68 | 14M |
| 3M | MMM | 59.46 | 61.94 | 57.24 | 57.37 | 13.3M |
| Pepsico | PEP | 64.35 | 65.78 | 62.77 | 63.61 | 13M |
| UnitedHealth Group | UNH | 20.26 | 21.02 | 19.20 | 19.20 | 12.5M |
| Boeing | BA | 48.41 | 50.00 | 47.18 | 47.70 | 11.9M |
| Union Pacific | UNP | 58.66 | 64.07 | 57.26 | 60.79 | 9.73M |
| Berkshire Hathaway | BRK.B | 3980.00 | 4100.00 | 3900.00 | 3930.00 | 71.4K |
Exchange Rates of October 08, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 99.100 JPY | 1 JPY = 0.010 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.126 CAD | 1 CAD = 0.888 USD |
| US Dollar | Swiss Franc | 1 USD = 1.127 CHF | 1 CHF = 0.887 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.814 CNY | 1 CNY = 0.147 USD |
| Euro | Japanese Yen | 1 EUR = 135.070 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.789 GBP | 1 GBP = 1.268 EUR |
| Euro | Australian Dollar | 1 EUR = 2.026 AUD | 1 AUD = 0.494 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.535 CAD | 1 CAD = 0.652 EUR |
| Euro | Swiss Franc | 1 EUR = 1.537 CHF | 1 CHF = 0.650 EUR |
| Euro | Chinese Yuan | 1 EUR = 9.286 CNY | 1 CNY = 0.108 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.584 GBP | 1 GBP = 1.713 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.500 AUD | 1 AUD = 0.667 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.136 CAD | 1 CAD = 0.880 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.138 CHF | 1 CHF = 0.879 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.567 AUD | 1 AUD = 0.390 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.944 CAD | 1 CAD = 0.514 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.948 CHF | 1 CHF = 0.513 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 11.764 CNY | 1 CNY = 0.085 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.757 CAD | 1 CAD = 1.321 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.758 CHF | 1 CHF = 1.319 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 4.563 CNY | 1 CNY = 0.219 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 1.001 CHF | 1 CHF = 0.999 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 6.048 CNY | 1 CNY = 0.165 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.044 CNY | 1 CNY = 0.165 CHF |
See what else happened on October 08, 2008