Financial news on November 11th, 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

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE18,2718,3017,3617,81104M
Wells Fargo & Co.WFC27,9529,5327,9428,8365M
JPMorgan ChaseJPM35,8237,4535,2736,3561.6M
Cisco SystemsCSCO17,3817,4516,9417,1849.8M
Oracle Corp.ORCL17,3817,5216,7917,2935.7M
AT&T Inc.T27,2828,1026,9127,3326.6M
Wal-Mart StoresWMT54,9955,6453,1254,7523.8M
Walt Disney & Co.DIS21,7722,4120,4921,7823.2M
Verizon CommunicationsVZ30,1230,5729,4229,7220.1M
Home DepotHD20,3921,4719,9420,5117.4M
Procter & GamblePG64,6564,8863,2363,8216.3M
HP Inc.HPQ33,5733,9932,2133,2516.1M
Johnson & JohnsonJNJ59,2960,4058,0159,5514.4M
Abbott LaboratoriesABT54,7356,4754,4155,1714.3M
Bristol-Myers SquibbBMY19,9620,3319,8220,0413.2M
International Business MachinesIBM83,2584,2980,2582,7410M
UnitedHealth GroupUNH21,0821,0819,5920,169.59M
Gilead SciencesGILD44,5245,1543,7044,148.52M
United TechnologiesUTX51,4153,0050,0051,806.74M
Union PacificUNP61,5063,4759,3662,365.89M
Berkshire HathawayBRK.B3505,003510,003400,003460,0062.1K
Exchange Rates of November 11th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97,630 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,206 CAD1 CAD = 0,829 USD
US DollarSwiss Franc1 USD = 1,187 CHF1 CHF = 0,842 USD
US DollarChinese Yuan1 USD = 6,821 CNY1 CNY = 0,147 USD
EuroJapanese Yen1 EUR = 122,260 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,814 GBP1 GBP = 1,229 EUR
EuroAustralian Dollar1 EUR = 1,906 AUD1 AUD = 0,525 EUR
EuroCanadian Dollar1 EUR = 1,510 CAD1 CAD = 0,662 EUR
EuroSwiss Franc1 EUR = 1,487 CHF1 CHF = 0,672 EUR
EuroChinese Yuan1 EUR = 8,545 CNY1 CNY = 0,117 EUR
Japanese YenPound Sterling1 JPY = 0,665 GBP1 GBP = 1,503 JPY
Japanese YenAustralian Dollar1 JPY = 1,558 AUD1 AUD = 0,642 JPY
Japanese YenCanadian Dollar1 JPY = 1,236 CAD1 CAD = 0,809 JPY
Japanese YenSwiss Franc1 JPY = 1,216 CHF1 CHF = 0,822 JPY
Pound SterlingAustralian Dollar1 GBP = 2,341 AUD1 AUD = 0,427 GBP
Pound SterlingCanadian Dollar1 GBP = 1,855 CAD1 CAD = 0,539 GBP
Pound SterlingSwiss Franc1 GBP = 1,827 CHF1 CHF = 0,547 GBP
Pound SterlingChinese Yuan1 GBP = 10,479 CNY1 CNY = 0,095 GBP
Australian DollarCanadian Dollar1 AUD = 0,792 CAD1 CAD = 1,262 AUD
Australian DollarSwiss Franc1 AUD = 0,780 CHF1 CHF = 1,282 AUD
Australian DollarChinese Yuan1 AUD = 4,485 CNY1 CNY = 0,223 AUD
Canadian DollarSwiss Franc1 CAD = 0,984 CHF1 CHF = 1,016 CAD
Canadian DollarChinese Yuan1 CAD = 5,653 CNY1 CNY = 0,177 CAD
Swiss FrancChinese Yuan1 CHF = 5,743 CNY1 CNY = 0,174 CHF

See what else happened on November 11th, 2008