Financial news on October 9th, 2008

Business and Financial news
Brazil: Inflation Rate Falls

Brazil’s monthly inflation rate dropped in September to the lowest in a year as food prices fell for a second month. Read more..

By BLOOMBERG NEWS - The New York Times

Canada: New Home Starts Increase

Canadian new-home starts unexpectedly rose in September, the second straight monthly increase, led by new condominiums in cities. Read more..

By BLOOMBERG NEWS - The New York Times

F.D.A. Says Cancer Test Failed to Get Its Approval

The F.D.A. told LabCorp that its blood test to detect ovarian cancer, called OvaSure, requires agency approval before it can be marketed. Read more..

By ANDREW POLLACK - The New York Times

France: Merger Talks for Lenders

Groupe Caisse d’Epargne and Groupe Banque Populaire, the French lenders that control Natixis, are in talks to merge as the global financial crisis pushes banks to combine. Read more..

By BLOOMBERG NEWS - The New York Times

From Nokia, a Cellphone With Many Familiar Features

The Nokia 5800, available near the end of the year for about $300, includes an eight-gigabyte memory card and is compatible with Windows Media Player and Nokia Music Store files Read more..

By JOHN BIGGS - The New York Times

‘High-Performance Eyewear’? Guess Again.

David Pogue tests computer glasses from Gunnar Optiks, $100 to $190, that claim to reduce glare, eye fatigue and eye strain. But reading glasses may do the trick. Read more..

By DAVID POGUE - The New York Times

India: Tata to Buy Citigroup Operations

India’s largest outsourcing firm, Tata Consultancy Services, is buying Citigroup’s back-office operations in India for $505 million in cash, the companies said on Wednesday. Read more..

By ASSOCIATED PRESS - The New York Times

Italy: Talks Begin on Alitalia

CAI, the Italian investor group, is beginning talks this week to sell a stake in Alitalia to Air France-KLM Group or Deutsche Lufthansa. Read more..

By BLOOMBERG NEWS - The New York Times

Meltdown of Iceland’s Financial System Quickens

The country was on the verge of going bankrupt as the government shut down the stock market and seized control of its last major independent bank. Read more..

By ERIC PFANNER - The New York Times

The Perfect Charger (Almost)

The WildCharge mat replaces all those black power bricks you’ve been using to recharge your mobile doodads. Read more..

By DAVID POGUE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE21.4021.6219.0019.01157M
Wells Fargo & Co.WFC33.0633.0726.1827.25123M
Cisco SystemsCSCO18.8318.8916.9417.1999.1M
JPMorgan ChaseJPM41.0342.6936.6336.6888.8M
AT&T Inc.T24.8225.2222.5223.0059.9M
Oracle Corp.ORCL17.2217.5616.0016.2158.1M
Wal-Mart StoresWMT54.6755.3449.7651.3941.2M
HP Inc.HPQ40.8341.1238.5038.5033.9M
Johnson & JohnsonJNJ62.6463.1657.5857.5833.5M
Verizon CommunicationsVZ28.0128.2725.8725.9331.4M
Procter & GamblePG66.1466.5860.6960.8830.1M
Home DepotHD21.3121.4819.7119.9329.6M
Abbott LaboratoriesABT55.3555.7150.2450.2528.4M
Walt Disney & Co.DIS25.6226.2923.7523.8024.4M
Bristol-Myers SquibbBMY19.3719.4717.3817.9822.9M
International Business MachinesIBM95.2995.3188.2389.0021.3M
UnitedHealth GroupUNH20.1320.1717.5417.8018M
Gilead SciencesGILD41.8742.7439.7840.0413.9M
United TechnologiesUTX50.7450.9546.3346.3311.8M
Union PacificUNP60.7165.4156.2256.887.83M
Berkshire HathawayBRK.B4095.004098.003675.003855.0082.2K
Exchange Rates of October 9th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 99.660 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.147 CAD1 CAD = 0.872 USD
US DollarSwiss Franc1 USD = 1.127 CHF1 CHF = 0.887 USD
US DollarChinese Yuan1 USD = 6.821 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 135.520 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.795 GBP1 GBP = 1.257 EUR
EuroAustralian Dollar1 EUR = 1.976 AUD1 AUD = 0.506 EUR
EuroCanadian Dollar1 EUR = 1.560 CAD1 CAD = 0.641 EUR
EuroSwiss Franc1 EUR = 1.533 CHF1 CHF = 0.652 EUR
EuroChinese Yuan1 EUR = 9.267 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.587 GBP1 GBP = 1.705 JPY
Japanese YenAustralian Dollar1 JPY = 1.458 AUD1 AUD = 0.686 JPY
Japanese YenCanadian Dollar1 JPY = 1.151 CAD1 CAD = 0.869 JPY
Japanese YenSwiss Franc1 JPY = 1.131 CHF1 CHF = 0.884 JPY
Pound SterlingAustralian Dollar1 GBP = 2.485 AUD1 AUD = 0.402 GBP
Pound SterlingCanadian Dollar1 GBP = 1.961 CAD1 CAD = 0.510 GBP
Pound SterlingSwiss Franc1 GBP = 1.927 CHF1 CHF = 0.519 GBP
Pound SterlingChinese Yuan1 GBP = 11.640 CNY1 CNY = 0.086 GBP
Australian DollarCanadian Dollar1 AUD = 0.788 CAD1 CAD = 1.269 AUD
Australian DollarSwiss Franc1 AUD = 0.775 CHF1 CHF = 1.291 AUD
Australian DollarChinese Yuan1 AUD = 4.660 CNY1 CNY = 0.215 AUD
Canadian DollarSwiss Franc1 CAD = 0.983 CHF1 CHF = 1.018 CAD
Canadian DollarChinese Yuan1 CAD = 5.939 CNY1 CNY = 0.168 CAD
Swiss FrancChinese Yuan1 CHF = 6.043 CNY1 CNY = 0.165 CHF

See what else happened on October 9th, 2008