Financial news on September 09, 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

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 26.20 26.60 26.05 26.10 85.7M
General Electric GE 28.96 29.28 28.06 28.12 72.5M
Intel INTC 20.81 20.90 20.22 20.33 71.2M
Cisco Systems CSCO 23.42 23.58 22.91 22.97 71.1M
Wells Fargo & Co. WFC 33.07 33.75 31.16 31.17 68.9M
Oracle Corp. ORCL 19.40 19.85 19.02 19.17 62.5M
JPMorgan Chase JPM 40.81 41.94 39.45 39.47 56.4M
Pfizer PFE 19.05 19.18 18.24 18.24 54.7M
Apple AAPL 156.86 159.96 149.79 151.68 44.5M
AT&T Inc. T 32.37 33.10 32.26 32.55 39.6M
ExxonMobil XOM 76.07 76.99 73.26 73.26 38.5M
Home Depot HD 30.18 30.61 29.13 29.15 36M
ConocoPhillips COP 73.86 74.40 68.25 68.31 31.5M
Verizon Communications VZ 34.85 36.01 34.85 35.23 27.1M
Comcast CMCSA 21.40 21.74 20.69 20.71 27M
HP Inc. HPQ 46.51 47.28 46.01 46.01 26.1M
Wal-Mart Stores WMT 61.65 62.36 60.91 61.13 25.4M
Chevron CVX 80.20 81.34 78.75 78.79 21.2M
Altria MO 21.10 21.50 20.66 20.66 20.5M
Johnson & Johnson JNJ 71.91 72.76 71.34 71.34 19.1M
Procter & Gamble PG 71.66 72.46 71.47 71.89 18.5M
Schlumberger SLB 85.23 85.55 80.68 80.90 16.5M
Walt Disney & Co. DIS 32.87 33.30 32.43 32.43 15.3M
Abbott Laboratories ABT 58.55 58.96 57.41 57.48 14.7M
Coca-Cola KO 53.17 54.52 53.17 53.88 14.7M
Merck MRK 35.50 35.85 34.31 34.34 14.7M
Bristol-Myers Squibb BMY 22.12 22.63 22.04 22.04 14.6M
McDonald's MCD 63.00 64.65 62.99 63.19 14.5M
Alphabet GOOGL 423.17 432.38 415.00 418.66 14.4M
Amgen AMGN 59.68 61.24 59.53 60.51 13.6M
UnitedHealth Group UNH 29.07 30.03 28.48 28.48 12.6M
Visa V 70.35 70.35 67.18 67.49 12.5M
Union Pacific UNP 75.71 77.08 70.25 70.78 12.1M
Pepsico PEP 69.97 71.38 69.97 71.00 11.3M
Gilead Sciences GILD 47.05 47.83 46.63 46.69 10.7M
International Business Machines IBM 117.78 118.10 115.00 115.04 8.11M
Boeing BA 63.92 65.22 63.92 64.02 7.75M
United Technologies UTX 65.56 66.00 64.11 64.11 7.44M
3M MMM 70.50 71.00 69.31 69.45 6.63M
Amazon AMZN 80.76 81.96 78.99 79.04 5.82M
Berkshire Hathaway BRK.B 3999.00 3999.00 3925.00 3953.50 18.3K
Exchange Rates of September 09, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 106.820 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.072 CAD 1 CAD = 0.933 USD
US Dollar Swiss Franc 1 USD = 1.128 CHF 1 CHF = 0.887 USD
US Dollar Chinese Yuan 1 USD = 6.839 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 150.660 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.802 GBP 1 GBP = 1.247 EUR
Euro Australian Dollar 1 EUR = 1.765 AUD 1 AUD = 0.567 EUR
Euro Canadian Dollar 1 EUR = 1.512 CAD 1 CAD = 0.661 EUR
Euro Swiss Franc 1 EUR = 1.591 CHF 1 CHF = 0.628 EUR
Euro Chinese Yuan 1 EUR = 9.654 CNY 1 CNY = 0.104 EUR
Japanese Yen Pound Sterling 1 JPY = 0.532 GBP 1 GBP = 1.880 JPY
Japanese Yen Australian Dollar 1 JPY = 1.171 AUD 1 AUD = 0.854 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.003 CAD 1 CAD = 0.997 JPY
Japanese Yen Swiss Franc 1 JPY = 1.056 CHF 1 CHF = 0.947 JPY
Pound Sterling Australian Dollar 1 GBP = 2.201 AUD 1 AUD = 0.454 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.886 CAD 1 CAD = 0.530 GBP
Pound Sterling Swiss Franc 1 GBP = 1.984 CHF 1 CHF = 0.504 GBP
Pound Sterling Chinese Yuan 1 GBP = 12.028 CNY 1 CNY = 0.083 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.856 CAD 1 CAD = 1.168 AUD
Australian Dollar Swiss Franc 1 AUD = 0.900 CHF 1 CHF = 1.111 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.468 CNY 1 CNY = 0.183 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.052 CHF 1 CHF = 0.951 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.382 CNY 1 CNY = 0.157 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.066 CNY 1 CNY = 0.165 CHF

See what else happened on September 09, 2008