Financial news on December 09, 2008

Business and Financial news
Car Dealers Brace for Closings, or for a Fight, as Detroit Seeks Help

Many auto dealers believe they are on the chopping block no matter what happens to the Detroit automobile companies. Read more..

By CLIFFORD KRAUSS - The New York Times

Christie Hefner to Depart Playboy

Christie Hefner, the daughter of Playboy’s founder, Hugh Hefner, plans to step down as chairwoman and chief executive after two decades on the job, the adult entertainment company said. Read more..

By STEPHANIE CLIFFORD - The New York Times

European Leaders Promote Economic Cooperation

The leaders of Britain, France and the European Commission called for more cooperation among European Union leaders to respond to the economic crisis. Read more..

By JULIA WERDIGIER and JUDY DEMPSEY - The New York Times

Falling Sales in Russia Force Ford to Idle Its Plant

Hopes that Russia and other emerging markets could help tide the automotive industry over dimmed as the Ford Motor Company suspended production in Russia. Read more..

By ANDREW E. KRAMER - The New York Times

G.M., Under Pressure, Turns to Robert Lutz

G.M.’s vice chairman, Robert A. Lutz, gave his first interviews since the Big Three’s campaign for a bailout began, and he dispensed with the polite approach his boss had used. Read more..

By BILL VLASIC - The New York Times

Microsoft Offers to Reduce Search Data in Europe

Microsoft said it would abide by a European privacy panel’s request to reduce the length of time it kept records of Web searches if its rivals, Yahoo and Google, did the same. Read more..

By KEVIN J. O'BRIEN - The New York Times

NBC Names 2 Executives to Help Slim Its Operations

NBC Universal’s entertainment division announced an overhaul anticipated since reports leaked that the company would streamline operations under new executives. Read more..

By BILL CARTER - The New York Times

Panel Presses to Bolster Security in Cyberspace

Government and technology experts are urging a move away from passwords and toward more secure devices. Read more..

By JOHN MARKOFF - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18.28 18.66 17.59 17.78 111M
Intel INTC 13.64 14.69 13.49 14.30 88.1M
Microsoft MSFT 20.62 21.25 20.46 20.60 80.5M
Cisco Systems CSCO 17.13 17.93 16.75 17.16 67.3M
JPMorgan Chase JPM 35.67 35.70 33.66 33.96 65.8M
Wells Fargo & Co. WFC 32.14 32.76 30.40 30.50 56.8M
ExxonMobil XOM 79.02 79.63 77.51 78.20 47M
Oracle Corp. ORCL 16.74 17.67 16.60 16.94 44.4M
Pfizer PFE 16.54 16.98 16.40 16.47 43.6M
Apple AAPL 98.40 103.60 97.21 100.06 43M
AT&T Inc. T 29.83 30.18 28.76 29.16 39.6M
Wal-Mart Stores WMT 57.18 57.33 54.91 55.81 30.4M
Walt Disney & Co. DIS 24.08 24.88 23.32 23.53 26.3M
Home Depot HD 23.89 24.74 22.85 23.20 26.3M
Bristol-Myers Squibb BMY 22.34 22.34 20.25 20.40 24.9M
Verizon Communications VZ 34.01 34.25 33.07 33.35 24.6M
Altria MO 14.99 15.18 14.79 14.93 24.3M
Comcast CMCSA 16.32 16.79 16.27 16.41 23.5M
Procter & Gamble PG 61.97 62.25 59.36 59.79 21.4M
Chevron CVX 77.28 78.59 75.22 75.56 19.7M
Merck MRK 27.36 27.46 26.16 26.31 19.5M
HP Inc. HPQ 34.54 36.07 34.38 34.51 18.3M
ConocoPhillips COP 50.25 52.72 50.00 51.13 18M
Abbott Laboratories ABT 52.94 54.02 51.50 51.97 17.3M
Johnson & Johnson JNJ 58.95 59.00 57.50 57.81 13.8M
Alphabet GOOGL 297.69 318.00 297.01 305.97 13.8M
McDonald's MCD 60.62 60.97 59.03 59.68 13.5M
Coca-Cola KO 45.53 46.55 44.38 44.83 13.3M
Amazon AMZN 49.81 54.48 49.70 51.25 13.3M
Schlumberger SLB 40.56 43.98 40.20 42.01 12.9M
Gilead Sciences GILD 46.35 47.10 44.40 44.83 10.2M
Amgen AMGN 57.95 58.25 56.97 57.96 10.1M
Union Pacific UNP 48.92 49.00 46.13 46.90 10.1M
United Technologies UTX 48.43 48.78 47.16 47.97 9.76M
International Business Machines IBM 83.82 85.43 82.20 82.69 9.36M
3M MMM 55.46 56.74 55.00 56.15 8.79M
Boeing BA 41.57 42.44 40.65 40.82 8.31M
UnitedHealth Group UNH 21.23 22.18 20.19 20.78 8.25M
Visa V 55.50 56.44 53.10 53.53 8.03M
Pepsico PEP 53.42 53.63 51.96 52.27 7.47M
Berkshire Hathaway BRK.B 3460.00 3560.00 3427.00 3543.00 41.7K
Exchange Rates of December 09, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 92.100 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.263 CAD 1 CAD = 0.792 USD
US Dollar Swiss Franc 1 USD = 1.205 CHF 1 CHF = 0.830 USD
US Dollar Chinese Yuan 1 USD = 6.874 CNY 1 CNY = 0.145 USD
Euro Japanese Yen 1 EUR = 119.080 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.876 GBP 1 GBP = 1.141 EUR
Euro Australian Dollar 1 EUR = 1.961 AUD 1 AUD = 0.510 EUR
Euro Canadian Dollar 1 EUR = 1.633 CAD 1 CAD = 0.613 EUR
Euro Swiss Franc 1 EUR = 1.558 CHF 1 CHF = 0.642 EUR
Euro Chinese Yuan 1 EUR = 8.881 CNY 1 CNY = 0.113 EUR
Japanese Yen Pound Sterling 1 JPY = 0.735 GBP 1 GBP = 1.360 JPY
Japanese Yen Australian Dollar 1 JPY = 1.647 AUD 1 AUD = 0.607 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.370 CAD 1 CAD = 0.730 JPY
Japanese Yen Swiss Franc 1 JPY = 1.308 CHF 1 CHF = 0.765 JPY
Pound Sterling Australian Dollar 1 GBP = 2.238 AUD 1 AUD = 0.447 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.863 CAD 1 CAD = 0.537 GBP
Pound Sterling Swiss Franc 1 GBP = 1.778 CHF 1 CHF = 0.562 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.127 CNY 1 CNY = 0.099 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.832 CAD 1 CAD = 1.202 AUD
Australian Dollar Swiss Franc 1 AUD = 0.794 CHF 1 CHF = 1.260 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.529 CNY 1 CNY = 0.221 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.954 CHF 1 CHF = 1.049 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.435 CNY 1 CNY = 0.184 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.699 CNY 1 CNY = 0.175 CHF

See what else happened on December 09, 2008