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

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
CurrenciesExchange 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