Financial news on October 13, 2008

Business and Financial news
After Weekend Financial Huddle, No Sign That Lenders Will Thaw

There is concern that new guarantees could cost American taxpayers far more money. Read more..

By FLOYD NORRIS - The New York Times

Campaign Articles From Newsweek Become E-Books for Amazon Kindle

It would seem to be a magazine’s dream: Take something you have already published and sold, repackage it and distribute it without paper or ink expenses. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Margin Calls Prompt Sales, and Drive Shares Even Lower

Those who had bought stocks using borrowed money have been forced to sell millions to settle so-called margin loans with banks. Read more..

By ALEX BERENSON and GERALDINE FABRIKANT - The New York Times

Study Warns of Hearing Loss From Music Players

A scientific study for the European Union found that listening to personal music players at high volume can threaten permanent hearing loss. Read more..

By STEPHEN CASTLE - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT22.8625.5022.6325.50145M
General ElectricGE22.2722.3320.3521.00142M
PfizerPFE16.4716.9115.8816.68106M
IntelINTC16.1817.0815.6916.9999.3M
JPMorgan ChaseJPM43.9144.0839.6641.9981.6M
Cisco SystemsCSCO18.2719.3017.8019.2772.7M
Wells Fargo & Co.WFC30.6531.0027.5630.4069.3M
ExxonMobilXOM64.9073.7463.8873.0864.9M
AppleAAPL104.55110.53101.02110.2655M
Oracle Corp.ORCL17.5218.8717.0418.8654.7M
AT&T Inc.T23.2726.1323.0126.0751.2M
ConocoPhillipsCOP50.7856.6449.2856.2438.7M
ComcastCMCSA15.6317.0315.4516.9736.5M
Johnson & JohnsonJNJ58.4662.8057.9562.6832.5M
ChevronCVX60.1770.4959.4369.8931M
AltriaMO18.3520.3118.1119.9730.3M
Wal-Mart StoresWMT52.6854.7151.2054.5029.6M
HP Inc.HPQ38.5041.9037.8541.4026.9M
Coca-ColaKO43.4347.5343.2147.2625.2M
Verizon CommunicationsVZ27.3529.1427.0028.9325.2M
Procter & GamblePG61.6763.9361.0063.2925M
Abbott LaboratoriesABT52.7554.9651.0654.2124.7M
Home DepotHD20.5121.8120.2521.7124.7M
SchlumbergerSLB63.3266.0060.4365.5523M
Bristol-Myers SquibbBMY18.2319.1018.1019.0021.3M
Walt Disney & Co.DIS23.7126.8423.5026.7220.8M
MerckMRK27.2329.7927.1229.4220.4M
AlphabetGOOGL355.79381.95345.75381.0217.8M
UnitedHealth GroupUNH18.0623.5217.8323.3817.7M
International Business MachinesIBM90.4493.6186.9592.2117.1M
AmgenAMGN50.3353.9849.5453.8014.8M
McDonald'sMCD55.3257.6254.7557.2514.5M
BoeingBA43.5747.3142.5047.0814.3M
United TechnologiesUTX49.3054.1948.9454.1313.7M
Gilead SciencesGILD39.7742.8438.8742.6513.4M
PepsicoPEP59.3362.2458.5561.7713.3M
VisaV54.9959.0053.5958.8712.4M
AmazonAMZN58.9662.2157.3762.0211.2M
3MMMM58.7559.7156.0159.6210.5M
Union PacificUNP60.5863.2658.0763.259.73M
Berkshire HathawayBRK.B4080.004090.003940.003945.0073K
Exchange Rates of October 13, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 101.940 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.146 CAD1 CAD = 0.872 USD
US DollarSwiss Franc1 USD = 1.138 CHF1 CHF = 0.879 USD
US DollarChinese Yuan1 USD = 6.836 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 138.650 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.781 GBP1 GBP = 1.280 EUR
EuroAustralian Dollar1 EUR = 1.949 AUD1 AUD = 0.513 EUR
EuroCanadian Dollar1 EUR = 1.558 CAD1 CAD = 0.642 EUR
EuroSwiss Franc1 EUR = 1.547 CHF1 CHF = 0.647 EUR
Japanese YenPound Sterling1 JPY = 0.563 GBP1 GBP = 1.777 JPY
Japanese YenAustralian Dollar1 JPY = 1.405 AUD1 AUD = 0.712 JPY
Japanese YenCanadian Dollar1 JPY = 1.123 CAD1 CAD = 0.890 JPY
Japanese YenSwiss Franc1 JPY = 1.115 CHF1 CHF = 0.897 JPY
Pound SterlingAustralian Dollar1 GBP = 2.495 AUD1 AUD = 0.401 GBP
Pound SterlingCanadian Dollar1 GBP = 1.995 CAD1 CAD = 0.501 GBP
Pound SterlingSwiss Franc1 GBP = 1.980 CHF1 CHF = 0.505 GBP
Pound SterlingChinese Yuan1 GBP = 11.891 CNY1 CNY = 0.084 GBP
Australian DollarCanadian Dollar1 AUD = 0.799 CAD1 CAD = 1.252 AUD
Australian DollarSwiss Franc1 AUD = 0.793 CHF1 CHF = 1.261 AUD
Australian DollarChinese Yuan1 AUD = 4.764 CNY1 CNY = 0.210 AUD
Canadian DollarSwiss Franc1 CAD = 0.992 CHF1 CHF = 1.008 CAD
Canadian DollarChinese Yuan1 CAD = 5.963 CNY1 CNY = 0.168 CAD
Swiss FrancChinese Yuan1 CHF = 6.006 CNY1 CNY = 0.167 CHF

See what else happened on October 13, 2008