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..

By CHRISTOPHER DREW - The New York Times

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..

By CAROLINE BROTHERS - The New York Times

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..

By MARK LANDLER - The New York Times

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..

By ANDREW POLLACK - The New York Times

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..

By MICHELINE MAYNARD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18,0318,4517,6718,0076.9M
IntelINTC14,2614,8013,7514,2774.9M
MicrosoftMSFT20,8220,9620,3020,6161.5M
Wells Fargo & Co.WFC30,5630,8028,6529,1951M
Cisco SystemsCSCO17,3017,7617,0817,3350.8M
JPMorgan ChaseJPM34,4034,9633,0833,5247.9M
AT&T Inc.T29,3629,6827,6328,0844.5M
ExxonMobilXOM79,2281,7178,8780,0744.1M
Oracle Corp.ORCL17,1417,5916,8917,3936.8M
PfizerPFE16,6516,8016,3716,5733.9M
AppleAAPL97,8799,4996,5098,2133.5M
Verizon CommunicationsVZ33,8734,0832,6632,7428.3M
ComcastCMCSA16,4116,8515,9316,4523.8M
Bristol-Myers SquibbBMY21,1021,5520,9121,3123.3M
Wal-Mart StoresWMT55,9656,1354,1855,2521.3M
Home DepotHD23,3924,4323,0124,2918.7M
AltriaMO15,0315,1314,9315,0618.4M
ConocoPhillipsCOP52,0253,9351,7053,3118.3M
ChevronCVX76,8079,4076,4378,4417.7M
Walt Disney & Co.DIS23,8524,2023,3023,7016.3M
Procter & GamblePG60,2760,6658,5159,1214.7M
Coca-ColaKO44,4745,8844,4745,3114.7M
HP Inc.HPQ34,1035,5134,1035,1014.2M
Abbott LaboratoriesABT51,8352,5051,1651,5214M
Johnson & JohnsonJNJ58,8258,8256,8457,8013.1M
SchlumbergerSLB43,2344,3442,7343,6312.8M
McDonald'sMCD60,2261,9359,7661,6611.4M
AlphabetGOOGL309,24314,90304,51308,8210.5M
AmgenAMGN58,1358,2557,0058,059.1M
International Business MachinesIBM83,9584,9981,8382,868.19M
AmazonAMZN51,4651,5048,3449,707.75M
VisaV53,1553,8550,9553,167.55M
Union PacificUNP47,3949,3646,4449,057.32M
United TechnologiesUTX48,4548,9747,2148,017.19M
Gilead SciencesGILD45,1946,1044,6045,607.08M
UnitedHealth GroupUNH21,0021,8120,8921,577.03M
PepsicoPEP52,6253,4752,2753,015.65M
3MMMM56,9158,2956,4757,525.39M
BoeingBA41,4942,6940,9441,685.18M
MerckMRK26,6727,4026,4226,982.73M
Berkshire HathawayBRK.B3520,003554,003412,003445,0034.2K
Exchange Rates of December 10, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 92,730 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,258 CAD1 CAD = 0,795 USD
US DollarSwiss Franc1 USD = 1,199 CHF1 CHF = 0,834 USD
US DollarChinese Yuan1 USD = 6,865 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 120,710 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,881 GBP1 GBP = 1,136 EUR
EuroAustralian Dollar1 EUR = 1,985 AUD1 AUD = 0,504 EUR
EuroCanadian Dollar1 EUR = 1,637 CAD1 CAD = 0,611 EUR
EuroSwiss Franc1 EUR = 1,561 CHF1 CHF = 0,641 EUR
EuroChinese Yuan1 EUR = 8,937 CNY1 CNY = 0,112 EUR
Japanese YenPound Sterling1 JPY = 0,729 GBP1 GBP = 1,371 JPY
Japanese YenAustralian Dollar1 JPY = 1,644 AUD1 AUD = 0,608 JPY
Japanese YenCanadian Dollar1 JPY = 1,356 CAD1 CAD = 0,738 JPY
Japanese YenSwiss Franc1 JPY = 1,293 CHF1 CHF = 0,774 JPY
Pound SterlingAustralian Dollar1 GBP = 2,253 AUD1 AUD = 0,444 GBP
Pound SterlingCanadian Dollar1 GBP = 1,858 CAD1 CAD = 0,538 GBP
Pound SterlingSwiss Franc1 GBP = 1,772 CHF1 CHF = 0,564 GBP
Pound SterlingChinese Yuan1 GBP = 10,139 CNY1 CNY = 0,099 GBP
Australian DollarCanadian Dollar1 AUD = 0,824 CAD1 CAD = 1,213 AUD
Australian DollarSwiss Franc1 AUD = 0,786 CHF1 CHF = 1,272 AUD
Australian DollarChinese Yuan1 AUD = 4,502 CNY1 CNY = 0,222 AUD
Canadian DollarSwiss Franc1 CAD = 0,953 CHF1 CHF = 1,049 CAD
Canadian DollarChinese Yuan1 CAD = 5,454 CNY1 CNY = 0,183 CAD
Swiss FrancChinese Yuan1 CHF = 5,726 CNY1 CNY = 0,175 CHF

See what else happened on December 10, 2008