Financial news on November 11, 2008

Business and Financial news
Army to Use Webcasts From Iraq for Recruiting

The Army’s new recruiting campaign places more emphasis on connecting with young Americans on a closer, more personal level. Read more..

By STUART ELLIOTT - The New York Times

A Town Drowns in Debt as Home Values Plunge

Almost 90 percent of homeowners in Mountain House, Calif., owe more on their mortgages than their houses are worth. Read more..

By DAVID STREITFELD - The New York Times

Citigroup Offers to Ease Mortgage Terms

The bank joined a growing list of financial institutions which are offering a program to help thousands meet their monthly payments. Read more..

By ERIC DASH - The New York Times

Google Uses Searches to Track Flu’s Spread

Google is tracking the ebb and flow of Web queries like “flu symptoms” in an effort to identify outbreaks. Read more..

By MIGUEL HELFT - The New York Times

Hotels Offer Guests the Latest Technology Tools

Hotels are under such pressure to keep up with their gadget-obsessed guests that they are working with technology companies to regain their edge. Read more..

By SUSAN STELLIN - The New York Times

Markets Swing Lower in Afternoon Trading

Economic jitters returned to Wall Street as American markets shaved off early gains and headed into negative territory. Read more..

By JACK HEALY - The New York Times

Not a Bad Time for Small Businesses to Raise Prices

Some small-business experts are arguing that in a slowing economy, this may be the perfect time to increase marketing budgets — and even prices. Read more..

By PAUL B. BROWN - The New York Times

S.E.C. Judge Says Pequot Case Wasn’t Mishandled

The report from an administrative law judge at the Securities and Exchange Commission on the investigation into possible insider trading at the hedge fund Pequot Capital Management is at odds with other findings. Read more..

By WALT BOGDANICH - The New York Times

Test Drug Does Well Against Hospital Infection

The clinical trial results could represent a significant step in the fight against the bacterium, which is commonly spread in hospitals and is becoming more deadly. Read more..

By ANDREW POLLACK - The New York Times

Tyson Foods Profit Falls Below Estimate

The meat products producer posted a quarterly profit below analysts’ estimates and predicted a possible loss this quarter, setting off a decline of 10 percent in its share price. Read more..

By BLOOMBERG NEWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 18.27 18.30 17.36 17.81 104M
Intel INTC 14.03 14.18 13.46 13.93 84.9M
Microsoft MSFT 21.29 21.30 20.79 21.20 78M
Wells Fargo & Co. WFC 27.95 29.53 27.94 28.83 65M
JPMorgan Chase JPM 35.82 37.45 35.27 36.35 61.6M
Cisco Systems CSCO 17.38 17.45 16.94 17.18 49.8M
Apple AAPL 94.81 97.17 92.26 94.77 43.7M
ExxonMobil XOM 72.65 74.16 71.59 72.65 42M
Pfizer PFE 16.55 16.79 16.11 16.77 37.6M
Oracle Corp. ORCL 17.38 17.52 16.79 17.29 35.7M
AT&T Inc. T 27.28 28.10 26.91 27.33 26.6M
Comcast CMCSA 16.41 16.43 15.26 15.74 24.1M
Wal-Mart Stores WMT 54.99 55.64 53.12 54.75 23.8M
Walt Disney & Co. DIS 21.77 22.41 20.49 21.78 23.2M
Alphabet GOOGL 308.69 316.30 300.52 311.46 20.3M
Verizon Communications VZ 30.12 30.57 29.42 29.72 20.1M
Altria MO 17.77 17.95 17.12 17.33 20M
Home Depot HD 20.39 21.47 19.94 20.51 17.4M
Procter & Gamble PG 64.65 64.88 63.23 63.82 16.3M
HP Inc. HPQ 33.57 33.99 32.21 33.25 16.1M
Chevron CVX 72.63 75.00 71.56 73.54 15.8M
ConocoPhillips COP 49.38 50.45 48.09 49.08 14.5M
Johnson & Johnson JNJ 59.29 60.40 58.01 59.55 14.4M
Abbott Laboratories ABT 54.73 56.47 54.41 55.17 14.3M
Coca-Cola KO 45.59 45.78 43.93 44.44 13.7M
Bristol-Myers Squibb BMY 19.96 20.33 19.82 20.04 13.2M
Merck MRK 27.81 28.04 27.02 27.55 11.8M
International Business Machines IBM 83.25 84.29 80.25 82.74 10M
Amazon AMZN 47.10 48.06 44.81 46.30 9.94M
Schlumberger SLB 50.55 50.60 47.73 48.64 9.8M
UnitedHealth Group UNH 21.08 21.08 19.59 20.16 9.59M
McDonald's MCD 56.39 57.01 55.62 56.29 9.08M
Gilead Sciences GILD 44.52 45.15 43.70 44.14 8.52M
Amgen AMGN 58.22 59.31 57.61 58.43 8.43M
Visa V 50.99 54.99 50.36 53.79 8.1M
Boeing BA 45.50 45.50 42.75 43.97 7.93M
Pepsico PEP 54.61 56.12 53.47 55.08 7.53M
United Technologies UTX 51.41 53.00 50.00 51.80 6.74M
3M MMM 63.87 64.94 61.40 62.38 6.57M
Union Pacific UNP 61.50 63.47 59.36 62.36 5.89M
Berkshire Hathaway BRK.B 3505.00 3510.00 3400.00 3460.00 62.1K
Exchange Rates of November 11, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 97.630 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.206 CAD 1 CAD = 0.829 USD
US Dollar Swiss Franc 1 USD = 1.187 CHF 1 CHF = 0.842 USD
US Dollar Chinese Yuan 1 USD = 6.821 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 122.260 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.814 GBP 1 GBP = 1.229 EUR
Euro Australian Dollar 1 EUR = 1.906 AUD 1 AUD = 0.525 EUR
Euro Canadian Dollar 1 EUR = 1.510 CAD 1 CAD = 0.662 EUR
Euro Swiss Franc 1 EUR = 1.487 CHF 1 CHF = 0.672 EUR
Euro Chinese Yuan 1 EUR = 8.545 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.665 GBP 1 GBP = 1.503 JPY
Japanese Yen Australian Dollar 1 JPY = 1.558 AUD 1 AUD = 0.642 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.236 CAD 1 CAD = 0.809 JPY
Japanese Yen Swiss Franc 1 JPY = 1.216 CHF 1 CHF = 0.822 JPY
Pound Sterling Australian Dollar 1 GBP = 2.341 AUD 1 AUD = 0.427 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.855 CAD 1 CAD = 0.539 GBP
Pound Sterling Swiss Franc 1 GBP = 1.827 CHF 1 CHF = 0.547 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.479 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.792 CAD 1 CAD = 1.262 AUD
Australian Dollar Swiss Franc 1 AUD = 0.780 CHF 1 CHF = 1.282 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.485 CNY 1 CNY = 0.223 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.984 CHF 1 CHF = 1.016 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.653 CNY 1 CNY = 0.177 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.743 CNY 1 CNY = 0.174 CHF

See what else happened on November 11, 2008