Financial news on November 12, 2008

Business and Financial news
European Tram Makers to Gain From U.S. Streetcar Push

As gas prices soared and dozens of North American communities sought to reintroduce electric streetcars as an alternative to diesel buses, Europe’s tram builders were some of the biggest beneficiaries. Read more..

By JOHN TAGLIABUE - The New York Times

Even in Macao, a Gambling Mecca, Signs of a Slowdown

As China’s growth cools, Macao’s gambling revenues are no longer growing as fast as they once were, and competition between the growing number of casinos is fierce. Read more..

By BETTINA WASSENER - The New York Times

Malls in New Jersey Plan to Survive Bad Economy

Mall developers in New Jersey are adopting strategies to survive what is expected to be a difficult holiday season. Read more..

By ANTOINETTE MARTIN - The New York Times

Negotiating Better Terms for Mortgage

Banks may be willing to negotiate with borrowers who are current with their payments, even if they aren’t promoting it aggressively. Read more..

By RON LIEBER - The New York Times

Oil Prices Drop to 20-Month Low

Oil prices fell below $60 a barrel despite growing indications that OPEC producers have been trimming output. Read more..

By JAD MOUAWAD - The New York Times

Russian Currency Declines, Adding to Economic Strain

Russia allowed the ruble to fall against the dollar and euro, increasing skepticism over whether the country has enough reserves to defend its currency as capital flight and falling oil prices take their toll. Read more..

By ANDREW E. KRAMER - The New York Times

The Golden Years, Tarnished

With the economy and stocks in free fall, many retirees are now worried about having enough to carry them through. Read more..

By CLIFFORD KRAUSS - The New York Times

Times Executive Resigns to Lead NPR

Vivian Schiller, who heads the online operations of The New York Times, will become chief executive of National Public Radio. Read more..

By RICHARD PEREZ-PENA - The New York Times

Tom Hunt, Executive in His Family’s Oil Business, Dies at 85

Mr. Hunt was a former chairman of Hunt Petroleum and an adviser to the founder of the family dynasty, his uncle H. L. Hunt. Read more..

By CLIFFORD KRAUSS - The New York Times

U.S. Shifts Focus in Credit Bailout to the Consumer

Henry M. Paulson Jr. is hoping to put in place a major new lending program run by the Fed and aimed at unlocking the frozen consumer credit market. Read more..

By EDMUND L. ANDREWS - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 17.48 17.55 16.05 16.29 177M
Microsoft MSFT 20.89 21.00 20.28 20.30 90.2M
Intel INTC 13.55 13.97 13.51 13.52 72.7M
Wells Fargo & Co. WFC 28.32 29.42 27.30 27.30 64.4M
JPMorgan Chase JPM 35.42 36.30 34.31 34.57 56.7M
Pfizer PFE 16.46 16.56 15.81 15.83 56M
Cisco Systems CSCO 16.84 17.03 16.50 16.55 52.6M
ExxonMobil XOM 71.35 72.22 68.70 68.93 50.5M
Oracle Corp. ORCL 16.82 17.04 16.40 16.47 44.4M
Apple AAPL 92.43 93.24 90.01 90.12 42.1M
Comcast CMCSA 15.58 15.62 14.94 14.97 30.3M
AT&T Inc. T 26.88 27.25 26.00 26.18 28.6M
Wal-Mart Stores WMT 53.15 54.71 52.32 52.62 28.4M
Altria MO 17.19 17.20 16.50 16.58 26.3M
Procter & Gamble PG 63.50 63.50 61.50 61.85 26M
Chevron CVX 71.98 72.87 67.13 67.28 22.4M
Walt Disney & Co. DIS 21.36 21.71 20.03 20.16 21.3M
HP Inc. HPQ 32.18 32.64 31.00 31.14 20.3M
Alphabet GOOGL 302.05 312.49 287.76 291.00 20.1M
ConocoPhillips COP 48.08 48.08 44.44 44.54 19.7M
Verizon Communications VZ 29.60 29.69 28.69 28.96 18.7M
Johnson & Johnson JNJ 58.83 59.54 57.59 57.92 18.4M
Home Depot HD 19.86 20.34 19.62 19.80 18.2M
Coca-Cola KO 43.69 44.57 42.81 43.83 17.5M
Schlumberger SLB 47.52 47.87 44.96 44.99 17.3M
Abbott Laboratories ABT 55.17 56.13 54.14 54.50 15.5M
Amazon AMZN 43.99 45.44 40.90 41.56 14.8M
Bristol-Myers Squibb BMY 19.73 20.00 19.45 19.55 14.1M
Merck MRK 27.40 27.42 26.52 26.72 13.1M
International Business Machines IBM 80.73 82.40 79.57 79.74 11.4M
McDonald's MCD 55.41 56.25 53.75 54.02 10.9M
Visa V 52.45 55.65 51.18 51.75 10.7M
Gilead Sciences GILD 43.57 44.86 43.16 44.45 10.3M
Amgen AMGN 57.53 58.15 55.20 55.47 9.32M
UnitedHealth Group UNH 20.00 20.00 18.83 18.87 8.31M
3M MMM 61.18 61.93 59.24 59.44 8.2M
Boeing BA 43.23 44.09 42.00 42.52 7.74M
Pepsico PEP 54.12 55.06 52.92 53.10 7.45M
United Technologies UTX 50.80 50.85 48.93 49.01 6.93M
Union Pacific UNP 61.04 63.11 58.79 59.95 6.56M
Berkshire Hathaway BRK.B 3415.00 3450.00 3333.50 3360.00 52K
Exchange Rates of November 12, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 95.000 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.237 CAD 1 CAD = 0.808 USD
US Dollar Swiss Franc 1 USD = 1.187 CHF 1 CHF = 0.843 USD
US Dollar Chinese Yuan 1 USD = 6.829 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 118.770 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.836 GBP 1 GBP = 1.197 EUR
Euro Australian Dollar 1 EUR = 1.952 AUD 1 AUD = 0.512 EUR
Euro Canadian Dollar 1 EUR = 1.547 CAD 1 CAD = 0.646 EUR
Euro Swiss Franc 1 EUR = 1.484 CHF 1 CHF = 0.674 EUR
Euro Chinese Yuan 1 EUR = 8.540 CNY 1 CNY = 0.117 EUR
Japanese Yen Pound Sterling 1 JPY = 0.703 GBP 1 GBP = 1.422 JPY
Japanese Yen Australian Dollar 1 JPY = 1.643 AUD 1 AUD = 0.609 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.302 CAD 1 CAD = 0.768 JPY
Japanese Yen Swiss Franc 1 JPY = 1.249 CHF 1 CHF = 0.801 JPY
Pound Sterling Australian Dollar 1 GBP = 2.335 AUD 1 AUD = 0.428 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.852 CAD 1 CAD = 0.540 GBP
Pound Sterling Swiss Franc 1 GBP = 1.775 CHF 1 CHF = 0.563 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.206 CNY 1 CNY = 0.098 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.793 CAD 1 CAD = 1.262 AUD
Australian Dollar Swiss Franc 1 AUD = 0.759 CHF 1 CHF = 1.317 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.368 CNY 1 CNY = 0.229 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.958 CHF 1 CHF = 1.044 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.526 CNY 1 CNY = 0.181 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.758 CNY 1 CNY = 0.174 CHF

See what else happened on November 12, 2008