Financial news on August 13, 2008

Business and Financial news
A Film on the Trucking Life Also Promotes a Big Rig

A documentary film about truck drivers is being underwritten by a division of the Navistar International Corporation to help promote a new long-haul truck. Read more..

By STUART ELLIOTT - The New York Times

An S.U.V. Traffic Jam

The market for sport utility vehicles is starting to look a lot like the housing market, spreading pain to consumers, automakers and dealers. Read more..

By NICK BUNKLEY - The New York Times

Before the Gunfire, Cyberattacks

Weeks before physical bombs fell on Georgia, a security researcher was watching an attack against the country in cyberspace. Read more..

By JOHN MARKOFF - The New York Times

Did It Help to Curb Short Sales?

A rule that made it harder to short some financial stocks expired as the Securities and Exchange Commission considered whether to tighten the rules on short selling. Read more..

By FLOYD NORRIS - The New York Times

Ex-HBO Chief Quits Latest Job

Chris Albrecht, the former chief executive of HBO, said that he had stepped down from his role running IMG’s media and entertainment business. Read more..

By ANDREW ROSS SORKIN - The New York Times

G.M. Is Expected to Announce Expansion in Thailand

General Motors is expected to announce an expansion of G.M.’s production of small cars at its plant east of Bangkok and the construction of an engine plant for its Colorado pickup truck. Read more..

By THOMAS FULLER - The New York Times

In Slow Times, Rezoning Appeals to Developers

When the real estate market comes to a virtual halt, as it currently has, it may be time to rezone, even though such efforts can be time consuming. Read more..

By ALISON GREGOR - The New York Times

Singapore: Currency Rate Hurts Telecom Profit

Singapore Telecommunications, Southeast Asia’s largest phone company, reported a profit that fell more than analysts had estimated. Read more..

By BLOOMBERG NEWS - The New York Times

Study Tallies Corporations Not Paying Income Tax

Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report by the Government Accountability Office. Read more..

By LYNNLEY BROWNING - The New York Times

Sunnier Forecast for Corn and Soybean Harvest

After an extremely worrisome start that fanned fears of famine and economic devastation, the nation’s most crucial crop is on track for a bountiful harvest, the government said Tuesday. Read more..

By DAVID STREITFELD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC30.1430.3329.0029.2953.5M
MicrosoftMSFT28.0728.5027.7627.9151.2M
JPMorgan ChaseJPM37.6437.6536.1536.9148.6M
IntelINTC24.2924.7524.0324.1246.3M
General ElectricGE29.5829.6629.0829.3138.7M
PfizerPFE19.7519.8519.5619.6436.7M
Cisco SystemsCSCO24.3924.5024.0124.3135.2M
ExxonMobilXOM76.8178.6376.8078.1730.7M
AppleAAPL177.98180.00175.90179.3030.1M
Oracle Corp.ORCL22.7923.1522.5723.0126.1M
Wal-Mart StoresWMT58.9058.9557.2357.8822.6M
AT&T Inc.T31.5231.6130.8431.3022M
Home DepotHD27.3227.4926.1226.5221.9M
ConocoPhillipsCOP79.8182.7579.7582.3717.2M
ComcastCMCSA21.7622.0121.5521.8615.9M
ChevronCVX83.4286.3383.2186.2415.3M
McDonald'sMCD64.0164.0961.9462.7812.4M
MerckMRK35.9036.7335.6935.7412M
Verizon CommunicationsVZ34.7834.8734.0034.3511.7M
Walt Disney & Co.DIS32.1232.2031.5231.7411.1M
Procter & GamblePG70.2270.2469.2069.6010.7M
Johnson & JohnsonJNJ71.6771.8471.0071.2010.6M
Abbott LaboratoriesABT58.9259.2558.1458.4510.5M
SchlumbergerSLB92.8796.3792.6995.919.98M
Coca-ColaKO54.5655.4454.4055.219.52M
HP Inc.HPQ45.7946.0645.2645.619.04M
BoeingBA66.0766.2364.0064.268.99M
AltriaMO21.6221.7521.4721.558.15M
VisaV72.7574.1772.4873.937.48M
AmgenAMGN63.1264.0863.0563.497.37M
AlphabetGOOGL501.60503.54493.88500.037.24M
UnitedHealth GroupUNH31.4931.8330.8731.617.22M
AmazonAMZN86.2888.2584.5486.697.21M
PepsicoPEP69.3570.1369.2169.746.09M
Union PacificUNP75.8776.8473.5676.575.98M
Gilead SciencesGILD56.9757.6356.0156.815.95M
International Business MachinesIBM125.00126.99124.75125.805.86M
Bristol-Myers SquibbBMY22.0922.2121.8321.984.81M
United TechnologiesUTX66.1466.5665.2166.104.36M
3MMMM73.4973.9472.2072.963.85M
Berkshire HathawayBRK.B3870.003874.003785.003805.0028.1K
Exchange Rates of August 13, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 109.490 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.062 CAD1 CAD = 0.942 USD
US DollarSwiss Franc1 USD = 1.085 CHF1 CHF = 0.922 USD
US DollarChinese Yuan1 USD = 6.857 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 163.380 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.798 GBP1 GBP = 1.253 EUR
EuroAustralian Dollar1 EUR = 1.705 AUD1 AUD = 0.587 EUR
EuroCanadian Dollar1 EUR = 1.585 CAD1 CAD = 0.631 EUR
EuroSwiss Franc1 EUR = 1.619 CHF1 CHF = 0.618 EUR
Japanese YenPound Sterling1 JPY = 0.488 GBP1 GBP = 2.048 JPY
Japanese YenAustralian Dollar1 JPY = 1.043 AUD1 AUD = 0.959 JPY
Japanese YenCanadian Dollar1 JPY = 0.970 CAD1 CAD = 1.031 JPY
Japanese YenSwiss Franc1 JPY = 0.991 CHF1 CHF = 1.009 JPY
Pound SterlingAustralian Dollar1 GBP = 2.136 AUD1 AUD = 0.468 GBP
Pound SterlingCanadian Dollar1 GBP = 1.985 CAD1 CAD = 0.504 GBP
Pound SterlingSwiss Franc1 GBP = 2.028 CHF1 CHF = 0.493 GBP
Australian DollarCanadian Dollar1 AUD = 0.929 CAD1 CAD = 1.076 AUD
Australian DollarSwiss Franc1 AUD = 0.949 CHF1 CHF = 1.054 AUD
Canadian DollarSwiss Franc1 CAD = 1.021 CHF1 CHF = 0.979 CAD

See what else happened on August 13, 2008