Financial news on December 12, 2008
Business and Financial news
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..
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..
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..
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..
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..
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..
Charges say the scheme engineered by Bernard L. Madoff caused $50 billion in losses. Read more..
The system would force Internet service providers to block access to thousands of sites containing questionable or illegal content. Read more..
Chief Washington Correspondent David E. Sanger discusses the failure and future of the auto industry bailout. Read more..
The Bush administration said it would consider dipping into the $700 billion rescue fund to help automakers. Read more..
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
Currencies | Exchange 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