Financial news on February 13th, 2009

Business and Financial news
Agency Skeptical of Internet Privacy Policies

The Federal Trade Commission said Internet companies are not explaining to users what information they collect about them. Read more..

By SAUL HANSELL - The New York Times

Ailing Banks May Require More Aid to Keep Solvent

Experts say the situation at some of the nation’s banks demands a more direct government role than in the plan outlined this week. Read more..

By STEVE LOHR - The New York Times

Fed Calls Gain in Family Wealth a Mirage

The leap in wealth that Americans thought they were enjoying has turned out to be a mirage, according to new estimates by the Federal Reserve. Read more..

By EDMUND L. ANDREWS - The New York Times

In Japan’s Stagnant Decade, Cautionary Tales for America

Some students of Japan’s lost decade say they see the United States making familiar mistakes. Read more..

By HIROKO TABUCHI - The New York Times

Rescue Plan for Housing in the Works

The administration is developing a standardized way to fix the mortgages of people near foreclosure. Read more..

By EDMUND L. ANDREWS - The New York Times

Retail Sales Up 1 Percent in January

The rebound in retail sales provided a glimmer of hope, but the job market points to a deep recession. Read more..

By JACK HEALY - The New York Times

Shares Bounce Back From Steep Losses

Even with a few unexpected glimmers of positive economic news, Wall Street remained under pressure, but the markets cut their losses from an earlier slide. Read more..

By JACK HEALY - The New York Times

Stimulus Bill and You: Readers’ Questions

Answering readers’ questions about how the stimulus bill affects personal taxes and other benefits. Read more..


Viacom Profit Falls 69% as Revenue Remains Flat

The company’s executives are pessimistic about the future for the media industry, where ad growth is weak. Read more..

By TIM ARANGO - The New York Times

Viacom’s Head Optimistic as Profit Falls

The media conglomerate, controlled by Sumner M. Redstone, reported solid earnings although its profit fell significantly, partly to reflect a big restructuring change. Read more..

By TIM ARANGO - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC16.3616.4215.5615.7688.5M
General ElectricGE11.5511.7411.3511.4486.6M
JPMorgan ChaseJPM25.2625.8924.6624.6958.6M
Cisco SystemsCSCO16.1916.4615.9516.1043.6M
Oracle Corp.ORCL17.4717.9617.4317.7227.5M
Wal-Mart StoresWMT47.7448.1146.4846.5325.7M
AT&T Inc.T24.3124.7524.1524.1923.5M
HP Inc.HPQ35.0736.2434.8835.8720.8M
Home DepotHD21.6522.1621.2021.2218.6M
Abbott LaboratoriesABT56.0756.3054.7554.9415.1M
Bristol-Myers SquibbBMY22.1722.7021.5721.7515M
Verizon CommunicationsVZ29.7330.2129.4329.5615M
Johnson & JohnsonJNJ57.7157.8056.8157.1012.6M
Walt Disney & Co.DIS18.7218.9018.4018.5211.8M
Procter & GamblePG51.3751.6850.7351.0911.6M
UnitedHealth GroupUNH29.4229.4428.6528.969.26M
International Business MachinesIBM94.7995.1893.5793.846.74M
Union PacificUNP43.5844.3742.5043.515.98M
Gilead SciencesGILD50.5751.0049.8950.255.54M
United TechnologiesUTX47.1447.9646.7847.094.45M
Berkshire HathawayBRK.B2876.002959.002843.002860.0017.1K
Exchange Rates of February 13th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.860 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.235 CAD1 CAD = 0.810 USD
US DollarSwiss Franc1 USD = 1.161 CHF1 CHF = 0.862 USD
US DollarChinese Yuan1 USD = 6.840 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 118.190 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.896 GBP1 GBP = 1.116 EUR
EuroAustralian Dollar1 EUR = 1.959 AUD1 AUD = 0.511 EUR
EuroCanadian Dollar1 EUR = 1.588 CAD1 CAD = 0.630 EUR
EuroSwiss Franc1 EUR = 1.493 CHF1 CHF = 0.670 EUR
EuroChinese Yuan1 EUR = 8.799 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.758 GBP1 GBP = 1.320 JPY
Japanese YenAustralian Dollar1 JPY = 1.657 AUD1 AUD = 0.604 JPY
Japanese YenCanadian Dollar1 JPY = 1.344 CAD1 CAD = 0.744 JPY
Japanese YenSwiss Franc1 JPY = 1.263 CHF1 CHF = 0.792 JPY
Pound SterlingAustralian Dollar1 GBP = 2.186 AUD1 AUD = 0.458 GBP
Pound SterlingCanadian Dollar1 GBP = 1.772 CAD1 CAD = 0.564 GBP
Pound SterlingSwiss Franc1 GBP = 1.664 CHF1 CHF = 0.601 GBP
Australian DollarCanadian Dollar1 AUD = 0.811 CAD1 CAD = 1.234 AUD
Australian DollarSwiss Franc1 AUD = 0.762 CHF1 CHF = 1.313 AUD
Canadian DollarSwiss Franc1 CAD = 0.939 CHF1 CHF = 1.065 CAD
Swiss FrancChinese Yuan1 CHF = 5.885 CNY1 CNY = 0.170 CHF

See what else happened on February 13th, 2009