Financial news on December 12, 2008

Business and Financial news
As Buyout Fails, Bell Canada Seeks to Bolster a Struggling Business

With the buyout of Bell Canada over except for the potential litigation, the company possibly faces a bigger issue: reversing the decline of its business. Read more..

By IAN AUSTEN - The New York Times

‘Car Czar’ a Fuzzy Description for a Big Job

It’s not clear whether there will be a chief overseer for Detroit, but if there is, he or she will need not only the power to force change but also an abundance of personality and political skills. Read more..

By DAVID E. SANGER - The New York Times

Fury Builds Over Crisis at Banks

Efforts by the big banks to point the finger of blame elsewhere seem to be failing at the same time public anger is growing. Read more..

By FLOYD NORRIS - The New York Times

No Question We’re in a Financial Pickle. What Do We Call It?

The current economic problems are the rare major news event without a defining logo, one that crystallizes attention and acts as a shorthand for reporters and the public. Read more..

By BRIAN STELTER - The New York Times

Pensions Get a Reprieve in Congress

Companies whose pension funds suffered big losses this year will not have to replenish the money quickly under a relief measure that flew through the Senate. Read more..

By MARY WILLIAMS WALSH - The New York Times

Plain Dealer’s Music Critic, His Beat Changed, Sues Paper and Orchestra

A classical music critic who was removed from his post at The Cleveland Plain Dealer after a history of negative reviews of the Cleveland Orchestra’s music director struck back with a lawsuit. Read more..

By DANIEL J. WAKIN - The New York Times

Prominent Trader Accused of Defrauding Clients

Charges say the scheme engineered by Bernard L. Madoff caused $50 billion in losses. Read more..

By DIANA B. HENRIQUES and ZACHERY KOUWE - The New York Times

Proposed Web Filter Criticized in Australia

The system would force Internet service providers to block access to thousands of sites containing questionable or illegal content. Read more..

By MERAIAH FOLEY - The New York Times

Washington Ideologies Clash on Bailout

Chief Washington Correspondent David E. Sanger discusses the failure and future of the auto industry bailout. Read more..

Emily B. Hager - The New York Times

White House Ready to Aid Auto Industry

The Bush administration said it would consider dipping into the $700 billion rescue fund to help automakers. Read more..

By STEPHEN LABATON and DAVID M. HERSZENHORN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 19,15 19,85 18,70 19,36 78.1M
General Electric GE 16,60 17,29 16,40 17,11 72.1M
Intel INTC 13,70 14,83 13,69 14,75 69.9M
JPMorgan Chase JPM 28,44 31,22 28,01 30,94 59.9M
Wells Fargo & Co. WFC 24,84 26,87 24,67 26,72 51.4M
Cisco Systems CSCO 16,53 17,19 16,51 16,99 47M
ExxonMobil XOM 78,04 81,00 77,84 80,45 44.3M
Pfizer PFE 16,53 16,98 16,28 16,92 43.8M
Apple AAPL 92,80 99,00 92,53 98,27 37.2M
Oracle Corp. ORCL 16,11 16,94 16,07 16,84 33M
AT&T Inc. T 27,42 28,47 27,28 28,18 32.8M
Comcast CMCSA 15,72 16,08 15,18 15,65 31.9M
Altria MO 14,89 15,41 14,75 15,34 24.1M
Bristol-Myers Squibb BMY 20,93 22,58 20,93 22,51 23.7M
Wal-Mart Stores WMT 53,75 54,88 53,75 54,63 23.6M
Verizon Communications VZ 31,74 33,27 31,74 32,80 21.9M
Home Depot HD 22,31 23,72 22,16 23,47 20.8M
Chevron CVX 77,12 80,59 76,72 79,00 17.8M
HP Inc. HPQ 34,06 36,10 34,00 35,97 17.6M
Abbott Laboratories ABT 50,05 50,78 49,34 50,75 17.2M
Procter & Gamble PG 58,33 59,23 57,05 58,94 16.8M
ConocoPhillips COP 50,50 52,87 50,01 51,39 16.1M
Coca-Cola KO 43,75 44,64 43,00 44,57 15.2M
Walt Disney & Co. DIS 22,12 22,86 21,93 22,61 15M
Johnson & Johnson JNJ 57,21 57,64 56,41 57,25 14.7M
Union Pacific UNP 45,37 45,50 41,84 42,81 14.5M
Merck MRK 25,90 27,15 25,82 27,04 13.3M
Schlumberger SLB 40,11 41,30 39,07 41,10 12M
Alphabet GOOGL 295,71 316,47 294,00 315,76 11.4M
International Business Machines IBM 78,68 82,94 78,06 82,20 10.4M
Boeing BA 39,56 39,74 38,20 39,20 10.3M
United Technologies UTX 45,81 48,95 45,52 48,82 9.97M
McDonald's MCD 59,62 61,18 59,52 60,59 9.83M
Amazon AMZN 47,52 51,38 47,52 51,25 8.66M
UnitedHealth Group UNH 22,82 23,84 22,55 23,54 8.31M
Amgen AMGN 56,06 58,34 56,05 58,13 7.3M
Pepsico PEP 51,55 52,34 51,01 52,03 6.98M
Gilead Sciences GILD 43,57 45,22 43,05 45,03 6.36M
Visa V 50,51 53,91 50,50 52,95 6.28M
3M MMM 54,27 56,57 53,59 56,04 4.72M
Berkshire Hathaway BRK.B 3155,00 3349,00 3150,00 3242,00 38.7K
Exchange Rates of December 12, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91,090 JPY 1 JPY = 0,011 USD
US Dollar Canadian Dollar 1 USD = 1,248 CAD 1 CAD = 0,801 USD
US Dollar Swiss Franc 1 USD = 1,178 CHF 1 CHF = 0,849 USD
US Dollar Chinese Yuan 1 USD = 6,843 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 121,790 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,894 GBP 1 GBP = 1,118 EUR
Euro Australian Dollar 1 EUR = 2,012 AUD 1 AUD = 0,497 EUR
Euro Canadian Dollar 1 EUR = 1,669 CAD 1 CAD = 0,599 EUR
Euro Swiss Franc 1 EUR = 1,574 CHF 1 CHF = 0,635 EUR
Euro Chinese Yuan 1 EUR = 9,156 CNY 1 CNY = 0,109 EUR
Japanese Yen Pound Sterling 1 JPY = 0,734 GBP 1 GBP = 1,363 JPY
Japanese Yen Australian Dollar 1 JPY = 1,651 AUD 1 AUD = 0,606 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,370 CAD 1 CAD = 0,730 JPY
Japanese Yen Swiss Franc 1 JPY = 1,292 CHF 1 CHF = 0,774 JPY
Pound Sterling Australian Dollar 1 GBP = 2,249 AUD 1 AUD = 0,445 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,866 CAD 1 CAD = 0,536 GBP
Pound Sterling Swiss Franc 1 GBP = 1,761 CHF 1 CHF = 0,568 GBP
Pound Sterling Chinese Yuan 1 GBP = 10,226 CNY 1 CNY = 0,098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,829 CAD 1 CAD = 1,206 AUD
Australian Dollar Swiss Franc 1 AUD = 0,781 CHF 1 CHF = 1,281 AUD
Australian Dollar Chinese Yuan 1 AUD = 4,541 CNY 1 CNY = 0,220 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,942 CHF 1 CHF = 1,062 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5,484 CNY 1 CNY = 0,182 CAD
Swiss Franc Chinese Yuan 1 CHF = 5,812 CNY 1 CNY = 0,172 CHF

See what else happened on December 12, 2008