Financial news on September 10, 2008
Business and Financial news
Bear Stearns unit agreed to pay $28 million to settle federal charges it had deceived subprime borrowers and had engaged in abusive loan practices before the investment bank’s collapse. Read more..
In struggling industries like automobiles and airlines, the bargaining power of unions has been limited by the weak positions of their employers. By contrast, Boeing is strong. Read more..
Putting men in gray business suits and women in aprons sends a demeaning message, a European Parliament report says. Read more..
Left mostly vacant in a corporate restructuring, the Altria Group’s lavish but quirky Midtown skyscraper is looking for new tenants. Read more..
The agreement was part of a settlement of claims that they misled consumers about loan terms and benefits. Read more..
Mexico’s inflation accelerated to the fastest annual pace in more than five years last month on higher costs for gasoline, electricity and eggs. Read more..
The Tribune Company said that a link to a six-year-old article on the United’s 2002 bankruptcy filing had appeared on the South Florida Sun-Sentinel’s Web site before another news organization mistakenly presented the article as new. Read more..
The same economic woes that are sending buyers to thrift stores are causing donors to hand over fewer items, so that many stores are running low on inventory. Read more..
The hiring of a veteran antitrust lawyer represents the clearest indication that the Justice Department could be planning to mount a legal challenge to the deal, some analysts said. Read more..
Investors were gripped by fears that another big financial institution might founder — and that the government might not come to the rescue. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
Microsoft | MSFT | 26.52 | 26.86 | 26.25 | 26.44 | 75.1M |
Intel | INTC | 20.71 | 20.72 | 20.14 | 20.16 | 66.2M |
Wells Fargo & Co. | WFC | 31.50 | 32.50 | 30.10 | 31.70 | 57.7M |
General Electric | GE | 28.37 | 28.43 | 27.75 | 28.09 | 55.9M |
Oracle Corp. | ORCL | 19.35 | 19.40 | 19.03 | 19.16 | 52.2M |
JPMorgan Chase | JPM | 39.99 | 40.44 | 38.79 | 39.40 | 46.1M |
Cisco Systems | CSCO | 23.23 | 23.32 | 22.97 | 22.99 | 38.9M |
Pfizer | PFE | 18.27 | 18.45 | 18.10 | 18.20 | 38.3M |
Apple | AAPL | 152.32 | 154.99 | 148.80 | 151.61 | 34.8M |
ExxonMobil | XOM | 73.88 | 75.80 | 73.54 | 75.25 | 31.4M |
Verizon Communications | VZ | 35.34 | 35.34 | 34.43 | 34.72 | 31.1M |
AT&T Inc. | T | 32.49 | 32.49 | 31.49 | 31.55 | 30.3M |
Comcast | CMCSA | 20.93 | 21.35 | 20.57 | 21.12 | 24.7M |
Wal-Mart Stores | WMT | 61.45 | 62.48 | 61.21 | 62.02 | 23.6M |
ConocoPhillips | COP | 69.24 | 72.60 | 69.19 | 71.87 | 22.6M |
HP Inc. | HPQ | 46.18 | 47.12 | 46.02 | 46.76 | 22.2M |
Home Depot | HD | 29.34 | 29.53 | 28.77 | 29.10 | 19.8M |
Procter & Gamble | PG | 71.85 | 73.54 | 71.81 | 72.39 | 19M |
Chevron | CVX | 79.65 | 81.72 | 79.33 | 81.16 | 17.7M |
Merck | MRK | 34.43 | 34.49 | 33.27 | 33.52 | 17.5M |
Bristol-Myers Squibb | BMY | 22.20 | 22.53 | 21.50 | 21.67 | 16.8M |
Schlumberger | SLB | 82.00 | 85.69 | 81.73 | 84.61 | 15.8M |
Walt Disney & Co. | DIS | 32.60 | 33.23 | 32.48 | 32.77 | 13.9M |
Abbott Laboratories | ABT | 57.48 | 58.63 | 57.16 | 57.90 | 13.6M |
Johnson & Johnson | JNJ | 71.65 | 72.01 | 71.02 | 71.23 | 12.6M |
Alphabet | GOOGL | 424.47 | 424.48 | 409.68 | 414.16 | 12.4M |
Altria | MO | 20.80 | 21.07 | 20.71 | 20.76 | 12.4M |
Coca-Cola | KO | 54.07 | 54.10 | 53.31 | 53.81 | 12.3M |
International Business Machines | IBM | 116.40 | 119.95 | 116.10 | 118.04 | 11.9M |
Amgen | AMGN | 60.85 | 62.71 | 60.38 | 62.10 | 11.1M |
Visa | V | 67.27 | 69.90 | 66.63 | 69.04 | 11M |
Pepsico | PEP | 71.26 | 71.99 | 70.42 | 71.83 | 10.3M |
Amazon | AMZN | 80.01 | 80.22 | 76.15 | 76.74 | 9.44M |
Boeing | BA | 63.58 | 63.81 | 61.58 | 61.71 | 9.14M |
Union Pacific | UNP | 72.37 | 75.10 | 71.25 | 73.81 | 8.73M |
McDonald's | MCD | 63.38 | 63.77 | 62.59 | 63.20 | 8.68M |
Gilead Sciences | GILD | 46.62 | 47.33 | 46.23 | 46.82 | 8.64M |
UnitedHealth Group | UNH | 28.51 | 29.58 | 28.42 | 29.31 | 8.17M |
United Technologies | UTX | 64.45 | 64.45 | 62.90 | 63.32 | 6.22M |
3M | MMM | 69.97 | 70.12 | 68.49 | 68.68 | 5.74M |
Berkshire Hathaway | BRK.B | 3922.00 | 3945.00 | 3895.00 | 3895.00 | 29.3K |
Exchange Rates of September 10, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 107.770 JPY | 1 JPY = 0.009 USD |
US Dollar | Canadian Dollar | 1 USD = 1.074 CAD | 1 CAD = 0.931 USD |
US Dollar | Swiss Franc | 1 USD = 1.139 CHF | 1 CHF = 0.878 USD |
US Dollar | Chinese Yuan | 1 USD = 6.839 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 150.460 JPY | 1 JPY = 0.007 EUR |
Euro | Pound Sterling | 1 EUR = 0.798 GBP | 1 GBP = 1.253 EUR |
Euro | Australian Dollar | 1 EUR = 1.753 AUD | 1 AUD = 0.571 EUR |
Euro | Canadian Dollar | 1 EUR = 1.499 CAD | 1 CAD = 0.667 EUR |
Euro | Swiss Franc | 1 EUR = 1.590 CHF | 1 CHF = 0.629 EUR |
Euro | Chinese Yuan | 1 EUR = 9.561 CNY | 1 CNY = 0.105 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.531 GBP | 1 GBP = 1.885 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.165 AUD | 1 AUD = 0.859 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 0.996 CAD | 1 CAD = 1.004 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.057 CHF | 1 CHF = 0.946 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.196 AUD | 1 AUD = 0.455 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.878 CAD | 1 CAD = 0.532 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.992 CHF | 1 CHF = 0.502 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 11.957 CNY | 1 CNY = 0.084 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.855 CAD | 1 CAD = 1.170 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.907 CHF | 1 CHF = 1.103 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 5.449 CNY | 1 CNY = 0.184 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 1.060 CHF | 1 CHF = 0.943 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 6.367 CNY | 1 CNY = 0.157 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.007 CNY | 1 CNY = 0.166 CHF |
See what else happened on September 10, 2008