Financial news on September 9th, 2008

Business and Financial news
Antitrust Document Exposes Rift

The Justice Department has issued antitrust guidelines for corporate monopolies, but the Federal Trade Commission, which shares enforcement of antitrust law, refuses to endorse them. Read more..

By ERIC LICHTBLAU - The New York Times

Computer Breakdown Halts Trading at London Exchange

The exchange suffered its worst breakdown in eight years as a computer glitch prevented traders from participating in a global rally after the U.S. takeover of Fannie Mae and Freddie Mac. Read more..

By JULIA WERDIGIER - The New York Times

Google to Digitize Newspaper Archives

Google is scanning microfilm from newspaper archives to make them searchable online, first through Google News and eventually on the papers’ own Web sites. Read more..

By MIGUEL HELFT - The New York Times

Helen Galland Dies at 83; Gave Bonwit Teller Back Its Gleam

Ms. Galland began her career as a sales assistant at Lord & Taylor, and became one of the few women of her time to run a fashion-oriented retailer as president of Bonwit Teller. Read more..

By BRUCE WEBER - The New York Times

Mistakes on Terrorist Watch List Affect Even Children

Travelers — even children — find that getting their names removed from government terrorism watch lists is a daunting process. Read more..

By JOE SHARKEY - The New York Times

MySpace China Says Its Chief Will Resign

The departure of Luo Chan is a setback for the News Corporation, which had licensed the MySpace brand name in China in an effort to expand its media and Internet presence. Read more..

By DAVID BARBOZA - The New York Times

Pakistan Considers Asset Sales to Bolster Economy

Pakistan plans to sell valuable energy assets, beginning with a major gas field, as it tries to reap billions of dollars from deals with investors in industries like banking and farming. Read more..

By HEATHER TIMMONS - The New York Times

Stocks Soar on Takeover Plan

Stock markets around the world rallied after the federal takeover of Fannie Mae and Freddie Mac, but investors worried that other problems in the economy remain unaddressed. Read more..

By VIKAS BAJAJ - The New York Times

Times Will Shut Down Its Distribution Subsidiary

The New York Times Company in January will shut down a subsidiary that distributes newspapers and magazines in the metropolitan area, eliminating the equivalent of 550 full-time jobs. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Who Else Can Pile On for a Federal Rescue?

Many in the financial industry say a more formal debate is needed to set criteria to guide decisions on future requests for help from individual companies or industries. Read more..

By NELSON D. SCHWARTZ - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE28,9629,2828,0628,1272.5M
Cisco SystemsCSCO23,4223,5822,9122,9771.1M
Wells Fargo & Co.WFC33,0733,7531,1631,1768.9M
Oracle Corp.ORCL19,4019,8519,0219,1762.5M
JPMorgan ChaseJPM40,8141,9439,4539,4756.4M
AT&T Inc.T32,3733,1032,2632,5539.6M
Home DepotHD30,1830,6129,1329,1536M
Verizon CommunicationsVZ34,8536,0134,8535,2327.1M
HP Inc.HPQ46,5147,2846,0146,0126.1M
Wal-Mart StoresWMT61,6562,3660,9161,1325.4M
Johnson & JohnsonJNJ71,9172,7671,3471,3419.1M
Procter & GamblePG71,6672,4671,4771,8918.5M
Walt Disney & Co.DIS32,8733,3032,4332,4315.3M
Abbott LaboratoriesABT58,5558,9657,4157,4814.7M
Bristol-Myers SquibbBMY22,1222,6322,0422,0414.6M
UnitedHealth GroupUNH29,0730,0328,4828,4812.6M
Union PacificUNP75,7177,0870,2570,7812.1M
Gilead SciencesGILD47,0547,8346,6346,6910.7M
International Business MachinesIBM117,78118,10115,00115,048.11M
United TechnologiesUTX65,5666,0064,1164,117.44M
Berkshire HathawayBRK.B3999,003999,003925,003953,5018.3K
Exchange Rates of September 9th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 106,820 JPY1 JPY = 0,009 USD
US DollarCanadian Dollar1 USD = 1,072 CAD1 CAD = 0,933 USD
US DollarSwiss Franc1 USD = 1,128 CHF1 CHF = 0,887 USD
US DollarChinese Yuan1 USD = 6,839 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 150,660 JPY1 JPY = 0,007 EUR
EuroPound Sterling1 EUR = 0,802 GBP1 GBP = 1,247 EUR
EuroAustralian Dollar1 EUR = 1,765 AUD1 AUD = 0,567 EUR
EuroCanadian Dollar1 EUR = 1,512 CAD1 CAD = 0,661 EUR
EuroSwiss Franc1 EUR = 1,591 CHF1 CHF = 0,628 EUR
EuroChinese Yuan1 EUR = 9,654 CNY1 CNY = 0,104 EUR
Japanese YenPound Sterling1 JPY = 0,532 GBP1 GBP = 1,880 JPY
Japanese YenAustralian Dollar1 JPY = 1,171 AUD1 AUD = 0,854 JPY
Japanese YenCanadian Dollar1 JPY = 1,003 CAD1 CAD = 0,997 JPY
Japanese YenSwiss Franc1 JPY = 1,056 CHF1 CHF = 0,947 JPY
Pound SterlingAustralian Dollar1 GBP = 2,201 AUD1 AUD = 0,454 GBP
Pound SterlingCanadian Dollar1 GBP = 1,886 CAD1 CAD = 0,530 GBP
Pound SterlingSwiss Franc1 GBP = 1,984 CHF1 CHF = 0,504 GBP
Pound SterlingChinese Yuan1 GBP = 12,028 CNY1 CNY = 0,083 GBP
Australian DollarCanadian Dollar1 AUD = 0,856 CAD1 CAD = 1,168 AUD
Australian DollarSwiss Franc1 AUD = 0,900 CHF1 CHF = 1,111 AUD
Australian DollarChinese Yuan1 AUD = 5,468 CNY1 CNY = 0,183 AUD
Canadian DollarSwiss Franc1 CAD = 1,052 CHF1 CHF = 0,951 CAD
Canadian DollarChinese Yuan1 CAD = 6,382 CNY1 CNY = 0,157 CAD
Swiss FrancChinese Yuan1 CHF = 6,066 CNY1 CNY = 0,165 CHF

See what else happened on September 9th, 2008