Financial news on November 13th, 2008

Business and Financial news
Glass Makers Are Fined $1.7 Billion in Europe’s War on Price Fixing

The European Union fined four car glass producers more than $1.66 billion, the largest sum it has ever levied for a cartel. Read more..

By JAMES KANTER - The New York Times

Hedge Fund Managers to Testify in Washington

The money managers have been called by a House panel to discuss some of their trade secrets at a hearing on Thursday. Read more..

By LOUISE STORY - The New York Times

It Takes a Drop and Doesn’t Stop

What looks like a standard laptop with a 14.1-inch screen and DVD drive is actually a beast able to withstand drops from about five feet. Read more..

By JOHN BIGGS - The New York Times

Junk Filters Need Updates

The junk filter in Outlook 2003 used to be great at catching spam, but it has gotten worse lately. Is there anything I can do? Read more..

By J. D. BIERSDORFER - The New York Times

Life Insurers Facing Cuts in Ratings

Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up. Read more..


Major Indexes Fall Sharply as Economic Uncertainty Spurs Fear

Shares fell more than 4 percent as investors wondered about the depth and length of the recession. Read more..

By JACK HEALY - The New York Times

Powerful German Union Agrees to Modest Raises

Germany’s most powerful union, IG Metall, reached a modest wage deal with employers in the flagship engineering sector. Read more..

By JUDY DEMPSEY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.4116.9314.5816.86301M
Cisco SystemsCSCO16.3717.3015.6017.2690.3M
Wells Fargo & Co.WFC27.5129.3425.7529.0986M
JPMorgan ChaseJPM34.6537.5033.5037.1974.5M
Oracle Corp.ORCL16.3317.7515.6317.7262.1M
AT&T Inc.T26.1228.7425.7528.6745.7M
Procter & GamblePG61.7166.8260.8765.0544.9M
HP Inc.HPQ30.6531.8628.2331.7138.2M
Wal-Mart StoresWMT52.9754.9551.0654.9337.7M
Bristol-Myers SquibbBMY19.3020.1119.1919.9928.2M
Home DepotHD19.8922.3719.1522.2328.1M
Johnson & JohnsonJNJ58.4063.0157.3262.9027.3M
Verizon CommunicationsVZ29.0331.2428.3031.1427.3M
Walt Disney & Co.DIS20.3021.7519.5821.6524.1M
Abbott LaboratoriesABT54.6757.3153.5757.1423.4M
International Business MachinesIBM79.6284.3975.4084.2115.1M
Gilead SciencesGILD44.2347.4543.8047.3015M
UnitedHealth GroupUNH18.9820.8717.8620.8413.8M
Union PacificUNP60.4462.1854.1661.6113M
United TechnologiesUTX49.8052.4546.5752.2811.8M
Berkshire HathawayBRK.B3301.003425.003111.003425.0086.1K
Exchange Rates of November 13th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 97.670 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.210 CAD1 CAD = 0.826 USD
US DollarSwiss Franc1 USD = 1.186 CHF1 CHF = 0.843 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.810 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.861 GBP1 GBP = 1.162 EUR
EuroAustralian Dollar1 EUR = 1.918 AUD1 AUD = 0.521 EUR
EuroCanadian Dollar1 EUR = 1.548 CAD1 CAD = 0.646 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.659 EUR
EuroChinese Yuan1 EUR = 8.722 CNY1 CNY = 0.115 EUR
Japanese YenPound Sterling1 JPY = 0.689 GBP1 GBP = 1.451 JPY
Japanese YenAustralian Dollar1 JPY = 1.536 AUD1 AUD = 0.651 JPY
Japanese YenCanadian Dollar1 JPY = 1.241 CAD1 CAD = 0.806 JPY
Japanese YenSwiss Franc1 JPY = 1.215 CHF1 CHF = 0.823 JPY
Pound SterlingAustralian Dollar1 GBP = 2.228 AUD1 AUD = 0.449 GBP
Pound SterlingCanadian Dollar1 GBP = 1.796 CAD1 CAD = 0.557 GBP
Pound SterlingSwiss Franc1 GBP = 1.761 CHF1 CHF = 0.568 GBP
Pound SterlingChinese Yuan1 GBP = 10.129 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.806 CAD1 CAD = 1.240 AUD
Australian DollarSwiss Franc1 AUD = 0.790 CHF1 CHF = 1.266 AUD
Australian DollarChinese Yuan1 AUD = 4.547 CNY1 CNY = 0.220 AUD
Canadian DollarSwiss Franc1 CAD = 0.978 CHF1 CHF = 1.022 CAD
Canadian DollarChinese Yuan1 CAD = 5.627 CNY1 CNY = 0.178 CAD
Swiss FrancChinese Yuan1 CHF = 5.747 CNY1 CNY = 0.174 CHF

See what else happened on November 13th, 2008