Financial news on September 8th, 2008

Business and Financial news
Drawing a Bead on the Press

Gov. Sarah Palin probably had no idea of the media onslaught that was about to hit her. By the time she was done speaking on Wednesday, it was clear the reverse was true as well. Read more..

By DAVID CARR - The New York Times

Fannie, Freddie and You: What It Means to the Public

Mortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices. Read more..

By RON LIEBER - The New York Times

MSNBC Takes Incendiary Hosts From Anchor Seat

David Gregory will be the sole anchor of MSNBC’s coverage of the presidential debates and election night. Read more..

By BRIAN STELTER - The New York Times

New E-Newspaper Reader Echoes Look of the Paper

Plastic Logic introduced its version of an electronic newspaper reader: a lightweight plastic screen that mimics the look — but not the feel — of a printed newspaper. Read more..

By ERIC A. TAUB - The New York Times

RealNetworks to Introduce a DVD Copier

The digital media company will introduce RealDVD, a $30 software program for Windows computers that allows users to easily make a digital copy of an entire DVD. Read more..

By BRAD STONE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC33.2433.9631.8333.5697.5M
Oracle Corp.ORCL20.3720.6518.9419.2693.8M
JPMorgan ChaseJPM42.3943.6640.0041.5585.6M
General ElectricGE28.8829.1728.2529.0984.5M
Cisco SystemsCSCO22.7823.4422.4323.3766.1M
Home DepotHD29.8030.7429.7130.1641.5M
AT&T Inc.T32.1332.6831.5632.5529.6M
Wal-Mart StoresWMT61.3962.0160.2562.0028.6M
Walt Disney & Co.DIS31.9933.0531.9232.9220.4M
Bristol-Myers SquibbBMY21.9622.4921.7422.3219.3M
HP Inc.HPQ45.5645.8544.8445.7418.9M
Verizon CommunicationsVZ34.7235.1734.4335.1218.3M
Procter & GamblePG71.3372.4871.3172.3716.5M
Johnson & JohnsonJNJ71.2072.3870.8072.2215.2M
Abbott LaboratoriesABT58.1658.8457.3358.4214M
Gilead SciencesGILD48.2548.3446.2447.0713.8M
International Business MachinesIBM118.00118.28115.14117.2910.5M
UnitedHealth GroupUNH28.6629.2528.2229.168.88M
Union PacificUNP77.7778.8074.1275.457.54M
United TechnologiesUTX65.2766.0864.3065.787.36M
Berkshire HathawayBRK.B4010.004020.003932.003996.0025.5K
Exchange Rates of September 8th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 108.130 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.066 CAD1 CAD = 0.938 USD
US DollarSwiss Franc1 USD = 1.132 CHF1 CHF = 0.884 USD
US DollarChinese Yuan1 USD = 6.838 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 152.690 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.803 GBP1 GBP = 1.245 EUR
EuroAustralian Dollar1 EUR = 1.733 AUD1 AUD = 0.577 EUR
EuroCanadian Dollar1 EUR = 1.505 CAD1 CAD = 0.664 EUR
EuroSwiss Franc1 EUR = 1.598 CHF1 CHF = 0.626 EUR
EuroChinese Yuan1 EUR = 9.658 CNY1 CNY = 0.104 EUR
Japanese YenPound Sterling1 JPY = 0.526 GBP1 GBP = 1.902 JPY
Japanese YenAustralian Dollar1 JPY = 1.135 AUD1 AUD = 0.881 JPY
Japanese YenCanadian Dollar1 JPY = 0.985 CAD1 CAD = 1.015 JPY
Japanese YenSwiss Franc1 JPY = 1.046 CHF1 CHF = 0.956 JPY
Pound SterlingAustralian Dollar1 GBP = 2.157 AUD1 AUD = 0.464 GBP
Pound SterlingCanadian Dollar1 GBP = 1.874 CAD1 CAD = 0.534 GBP
Pound SterlingSwiss Franc1 GBP = 1.989 CHF1 CHF = 0.503 GBP
Pound SterlingChinese Yuan1 GBP = 12.013 CNY1 CNY = 0.083 GBP
Australian DollarCanadian Dollar1 AUD = 0.868 CAD1 CAD = 1.152 AUD
Australian DollarSwiss Franc1 AUD = 0.921 CHF1 CHF = 1.085 AUD
Australian DollarChinese Yuan1 AUD = 5.577 CNY1 CNY = 0.179 AUD
Canadian DollarSwiss Franc1 CAD = 1.061 CHF1 CHF = 0.942 CAD
Canadian DollarChinese Yuan1 CAD = 6.415 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.042 CNY1 CNY = 0.166 CHF

See what else happened on September 8th, 2008