Financial news on October 8th, 2008

Business and Financial news
A.M.D.’s New Investors Make Big Bet on Chip Plants

The government of Abu Dhabi is betting billions of dollars that it can conquer one of the world’s toughest businesses. Read more..

By ASHLEE VANCE - The New York Times

Australia and Japan Make Defensive Moves

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..

By BETTINA WASSENER - The New York Times

Europe Prepares Consumer Rights Plan

The proposal to guarantee consumer rights for all European Union members is expected to help spur shopping online and across national borders. Read more..

By STEPHEN CASTLE - The New York Times

Google Puts Tunes From YouTube a Click Away

Google introduced a new type of e-commerce ad that YouTube users can click to buy digital goods from Apple’s iTunes or Read more..

By MIGUEL HELFT - The New York Times

Sales From the Crypt (or Whatever Space He Can Manage to Rent)

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..

By FRED A. BERNSTEIN - The New York Times

Time to Get Out?

With the market experiencing severe turbulence, is this the time to sell your stocks? Ron Lieber discusses your money. Read more..

Erik Olsen - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE20.0221.9919.9020.65139M
Cisco SystemsCSCO18.0219.6017.8018.34130M
Oracle Corp.ORCL16.3117.6316.0116.8875.9M
JPMorgan ChaseJPM38.9343.5538.5039.3075.7M
AT&T Inc.T25.0226.1323.9524.7365.7M
Wells Fargo & Co.WFC29.9533.7629.2231.9057.5M
Wal-Mart StoresWMT53.7156.7752.7554.5547.8M
HP Inc.HPQ37.7642.0037.1440.0041.3M
Johnson & JohnsonJNJ61.6463.8661.1262.3637.9M
Procter & GamblePG65.7869.0164.4666.1037.3M
Verizon CommunicationsVZ28.0429.2027.7227.7335.9M
Home DepotHD21.1622.4620.7621.1735.1M
Abbott LaboratoriesABT54.9256.8952.8555.2931.4M
Bristol-Myers SquibbBMY18.5219.7718.5018.9429.6M
Walt Disney & Co.DIS25.5127.1224.9325.6829M
International Business MachinesIBM91.5197.4889.9890.5518M
Gilead SciencesGILD39.5242.4539.2441.0714.3M
United TechnologiesUTX48.8051.9948.6649.6814M
UnitedHealth GroupUNH20.2621.0219.2019.2012.5M
Union PacificUNP58.6664.0757.2660.799.73M
Berkshire HathawayBRK.B3980.004100.003900.003930.0071.4K
Exchange Rates of October 8th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 99.100 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.126 CAD1 CAD = 0.888 USD
US DollarSwiss Franc1 USD = 1.127 CHF1 CHF = 0.887 USD
US DollarChinese Yuan1 USD = 6.814 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 135.070 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.789 GBP1 GBP = 1.268 EUR
EuroAustralian Dollar1 EUR = 2.026 AUD1 AUD = 0.494 EUR
EuroCanadian Dollar1 EUR = 1.535 CAD1 CAD = 0.652 EUR
EuroSwiss Franc1 EUR = 1.537 CHF1 CHF = 0.650 EUR
EuroChinese Yuan1 EUR = 9.286 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.584 GBP1 GBP = 1.713 JPY
Japanese YenAustralian Dollar1 JPY = 1.500 AUD1 AUD = 0.667 JPY
Japanese YenCanadian Dollar1 JPY = 1.136 CAD1 CAD = 0.880 JPY
Japanese YenSwiss Franc1 JPY = 1.138 CHF1 CHF = 0.879 JPY
Pound SterlingAustralian Dollar1 GBP = 2.567 AUD1 AUD = 0.390 GBP
Pound SterlingCanadian Dollar1 GBP = 1.944 CAD1 CAD = 0.514 GBP
Pound SterlingSwiss Franc1 GBP = 1.948 CHF1 CHF = 0.513 GBP
Pound SterlingChinese Yuan1 GBP = 11.764 CNY1 CNY = 0.085 GBP
Australian DollarCanadian Dollar1 AUD = 0.757 CAD1 CAD = 1.321 AUD
Australian DollarSwiss Franc1 AUD = 0.758 CHF1 CHF = 1.319 AUD
Australian DollarChinese Yuan1 AUD = 4.563 CNY1 CNY = 0.219 AUD
Canadian DollarSwiss Franc1 CAD = 1.001 CHF1 CHF = 0.999 CAD
Canadian DollarChinese Yuan1 CAD = 6.048 CNY1 CNY = 0.165 CAD
Swiss FrancChinese Yuan1 CHF = 6.044 CNY1 CNY = 0.165 CHF

See what else happened on October 8th, 2008