Financial news on December 10, 2008
Business and Financial news
A Fighter Jet’s Fate Poses a Quandary for Obama
Two of Barack Obama’s goals — creating jobs and cutting waste — may collide in a decision over the F-22 fighter. Read more..
Airline Losses Expected to Be Smaller in ’09
The airline industry is expected to have collective losses of $2.5 billion in 2009 thanks to a drop in fuel prices, according to a forecast from an airline trade association. Read more..
Dire Forecast for Global Economy and Trade
The world economy is on the brink of a rare global recession, the World Bank said, with world trade projected to fall for the first time since 1982. Read more..
For Biotech, a Tax Break Spells Hope
In its pitch to Congress, the biotech industry will portray itself as a model of innovation. Read more..
Foreign Automakers Say Little in Aid Debate
Nearly all the foreign companies that build vehicles in the U.S. have said little publicly concerning whether their American rivals should get billions of dollars in aid. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 18.03 | 18.45 | 17.67 | 18.00 | 76.9M |
| Intel | INTC | 14.26 | 14.80 | 13.75 | 14.27 | 74.9M |
| Microsoft | MSFT | 20.82 | 20.96 | 20.30 | 20.61 | 61.5M |
| Wells Fargo & Co. | WFC | 30.56 | 30.80 | 28.65 | 29.19 | 51M |
| Cisco Systems | CSCO | 17.30 | 17.76 | 17.08 | 17.33 | 50.8M |
| JPMorgan Chase | JPM | 34.40 | 34.96 | 33.08 | 33.52 | 47.9M |
| AT&T Inc. | T | 29.36 | 29.68 | 27.63 | 28.08 | 44.5M |
| ExxonMobil | XOM | 79.22 | 81.71 | 78.87 | 80.07 | 44.1M |
| Oracle Corp. | ORCL | 17.14 | 17.59 | 16.89 | 17.39 | 36.8M |
| Pfizer | PFE | 16.65 | 16.80 | 16.37 | 16.57 | 33.9M |
| Apple | AAPL | 97.87 | 99.49 | 96.50 | 98.21 | 33.5M |
| Verizon Communications | VZ | 33.87 | 34.08 | 32.66 | 32.74 | 28.3M |
| Comcast | CMCSA | 16.41 | 16.85 | 15.93 | 16.45 | 23.8M |
| Bristol-Myers Squibb | BMY | 21.10 | 21.55 | 20.91 | 21.31 | 23.3M |
| Wal-Mart Stores | WMT | 55.96 | 56.13 | 54.18 | 55.25 | 21.3M |
| Home Depot | HD | 23.39 | 24.43 | 23.01 | 24.29 | 18.7M |
| Altria | MO | 15.03 | 15.13 | 14.93 | 15.06 | 18.4M |
| ConocoPhillips | COP | 52.02 | 53.93 | 51.70 | 53.31 | 18.3M |
| Chevron | CVX | 76.80 | 79.40 | 76.43 | 78.44 | 17.7M |
| Walt Disney & Co. | DIS | 23.85 | 24.20 | 23.30 | 23.70 | 16.3M |
| Procter & Gamble | PG | 60.27 | 60.66 | 58.51 | 59.12 | 14.7M |
| Coca-Cola | KO | 44.47 | 45.88 | 44.47 | 45.31 | 14.7M |
| HP Inc. | HPQ | 34.10 | 35.51 | 34.10 | 35.10 | 14.2M |
| Abbott Laboratories | ABT | 51.83 | 52.50 | 51.16 | 51.52 | 14M |
| Johnson & Johnson | JNJ | 58.82 | 58.82 | 56.84 | 57.80 | 13.1M |
| Schlumberger | SLB | 43.23 | 44.34 | 42.73 | 43.63 | 12.8M |
| McDonald's | MCD | 60.22 | 61.93 | 59.76 | 61.66 | 11.4M |
| Alphabet | GOOGL | 309.24 | 314.90 | 304.51 | 308.82 | 10.5M |
| Amgen | AMGN | 58.13 | 58.25 | 57.00 | 58.05 | 9.1M |
| International Business Machines | IBM | 83.95 | 84.99 | 81.83 | 82.86 | 8.19M |
| Amazon | AMZN | 51.46 | 51.50 | 48.34 | 49.70 | 7.75M |
| Visa | V | 53.15 | 53.85 | 50.95 | 53.16 | 7.55M |
| Union Pacific | UNP | 47.39 | 49.36 | 46.44 | 49.05 | 7.32M |
| United Technologies | UTX | 48.45 | 48.97 | 47.21 | 48.01 | 7.19M |
| Gilead Sciences | GILD | 45.19 | 46.10 | 44.60 | 45.60 | 7.08M |
| UnitedHealth Group | UNH | 21.00 | 21.81 | 20.89 | 21.57 | 7.03M |
| Pepsico | PEP | 52.62 | 53.47 | 52.27 | 53.01 | 5.65M |
| 3M | MMM | 56.91 | 58.29 | 56.47 | 57.52 | 5.39M |
| Boeing | BA | 41.49 | 42.69 | 40.94 | 41.68 | 5.18M |
| Merck | MRK | 26.67 | 27.40 | 26.42 | 26.98 | 2.73M |
| Berkshire Hathaway | BRK.B | 3520.00 | 3554.00 | 3412.00 | 3445.00 | 34.2K |
Exchange Rates of December 10, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 92.730 JPY | 1 JPY = 0.011 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.258 CAD | 1 CAD = 0.795 USD |
| US Dollar | Swiss Franc | 1 USD = 1.199 CHF | 1 CHF = 0.834 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.865 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 120.710 JPY | 1 JPY = 0.008 EUR |
| Euro | Pound Sterling | 1 EUR = 0.881 GBP | 1 GBP = 1.136 EUR |
| Euro | Australian Dollar | 1 EUR = 1.985 AUD | 1 AUD = 0.504 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.637 CAD | 1 CAD = 0.611 EUR |
| Euro | Swiss Franc | 1 EUR = 1.561 CHF | 1 CHF = 0.641 EUR |
| Euro | Chinese Yuan | 1 EUR = 8.937 CNY | 1 CNY = 0.112 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.729 GBP | 1 GBP = 1.371 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.644 AUD | 1 AUD = 0.608 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.356 CAD | 1 CAD = 0.738 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.293 CHF | 1 CHF = 0.774 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.253 AUD | 1 AUD = 0.444 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.858 CAD | 1 CAD = 0.538 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.772 CHF | 1 CHF = 0.564 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.139 CNY | 1 CNY = 0.099 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.824 CAD | 1 CAD = 1.213 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.786 CHF | 1 CHF = 1.272 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 4.502 CNY | 1 CNY = 0.222 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.953 CHF | 1 CHF = 1.049 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 5.454 CNY | 1 CNY = 0.183 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 5.726 CNY | 1 CNY = 0.175 CHF |
See what else happened on December 10, 2008