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..
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..
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..
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..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 22.86 | 25.50 | 22.63 | 25.50 | 145M |
| General Electric | GE | 22.27 | 22.33 | 20.35 | 21.00 | 142M |
| Pfizer | PFE | 16.47 | 16.91 | 15.88 | 16.68 | 106M |
| Intel | INTC | 16.18 | 17.08 | 15.69 | 16.99 | 99.3M |
| JPMorgan Chase | JPM | 43.91 | 44.08 | 39.66 | 41.99 | 81.6M |
| Cisco Systems | CSCO | 18.27 | 19.30 | 17.80 | 19.27 | 72.7M |
| Wells Fargo & Co. | WFC | 30.65 | 31.00 | 27.56 | 30.40 | 69.3M |
| ExxonMobil | XOM | 64.90 | 73.74 | 63.88 | 73.08 | 64.9M |
| Apple | AAPL | 104.55 | 110.53 | 101.02 | 110.26 | 55M |
| Oracle Corp. | ORCL | 17.52 | 18.87 | 17.04 | 18.86 | 54.7M |
| AT&T Inc. | T | 23.27 | 26.13 | 23.01 | 26.07 | 51.2M |
| ConocoPhillips | COP | 50.78 | 56.64 | 49.28 | 56.24 | 38.7M |
| Comcast | CMCSA | 15.63 | 17.03 | 15.45 | 16.97 | 36.5M |
| Johnson & Johnson | JNJ | 58.46 | 62.80 | 57.95 | 62.68 | 32.5M |
| Chevron | CVX | 60.17 | 70.49 | 59.43 | 69.89 | 31M |
| Altria | MO | 18.35 | 20.31 | 18.11 | 19.97 | 30.3M |
| Wal-Mart Stores | WMT | 52.68 | 54.71 | 51.20 | 54.50 | 29.6M |
| HP Inc. | HPQ | 38.50 | 41.90 | 37.85 | 41.40 | 26.9M |
| Coca-Cola | KO | 43.43 | 47.53 | 43.21 | 47.26 | 25.2M |
| Verizon Communications | VZ | 27.35 | 29.14 | 27.00 | 28.93 | 25.2M |
| Procter & Gamble | PG | 61.67 | 63.93 | 61.00 | 63.29 | 25M |
| Abbott Laboratories | ABT | 52.75 | 54.96 | 51.06 | 54.21 | 24.7M |
| Home Depot | HD | 20.51 | 21.81 | 20.25 | 21.71 | 24.7M |
| Schlumberger | SLB | 63.32 | 66.00 | 60.43 | 65.55 | 23M |
| Bristol-Myers Squibb | BMY | 18.23 | 19.10 | 18.10 | 19.00 | 21.3M |
| Walt Disney & Co. | DIS | 23.71 | 26.84 | 23.50 | 26.72 | 20.8M |
| Merck | MRK | 27.23 | 29.79 | 27.12 | 29.42 | 20.4M |
| Alphabet | GOOGL | 355.79 | 381.95 | 345.75 | 381.02 | 17.8M |
| UnitedHealth Group | UNH | 18.06 | 23.52 | 17.83 | 23.38 | 17.7M |
| International Business Machines | IBM | 90.44 | 93.61 | 86.95 | 92.21 | 17.1M |
| Amgen | AMGN | 50.33 | 53.98 | 49.54 | 53.80 | 14.8M |
| McDonald's | MCD | 55.32 | 57.62 | 54.75 | 57.25 | 14.5M |
| Boeing | BA | 43.57 | 47.31 | 42.50 | 47.08 | 14.3M |
| United Technologies | UTX | 49.30 | 54.19 | 48.94 | 54.13 | 13.7M |
| Gilead Sciences | GILD | 39.77 | 42.84 | 38.87 | 42.65 | 13.4M |
| Pepsico | PEP | 59.33 | 62.24 | 58.55 | 61.77 | 13.3M |
| Visa | V | 54.99 | 59.00 | 53.59 | 58.87 | 12.4M |
| Amazon | AMZN | 58.96 | 62.21 | 57.37 | 62.02 | 11.2M |
| 3M | MMM | 58.75 | 59.71 | 56.01 | 59.62 | 10.5M |
| Union Pacific | UNP | 60.58 | 63.26 | 58.07 | 63.25 | 9.73M |
| Berkshire Hathaway | BRK.B | 4080.00 | 4090.00 | 3940.00 | 3945.00 | 73K |
Exchange Rates of October 13, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 101.940 JPY | 1 JPY = 0.010 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.146 CAD | 1 CAD = 0.872 USD |
| US Dollar | Swiss Franc | 1 USD = 1.138 CHF | 1 CHF = 0.879 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.836 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 138.650 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.781 GBP | 1 GBP = 1.280 EUR |
| Euro | Australian Dollar | 1 EUR = 1.949 AUD | 1 AUD = 0.513 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.558 CAD | 1 CAD = 0.642 EUR |
| Euro | Swiss Franc | 1 EUR = 1.547 CHF | 1 CHF = 0.647 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.563 GBP | 1 GBP = 1.777 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.405 AUD | 1 AUD = 0.712 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.123 CAD | 1 CAD = 0.890 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.115 CHF | 1 CHF = 0.897 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.495 AUD | 1 AUD = 0.401 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.995 CAD | 1 CAD = 0.501 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.980 CHF | 1 CHF = 0.505 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 11.891 CNY | 1 CNY = 0.084 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.799 CAD | 1 CAD = 1.252 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.793 CHF | 1 CHF = 1.261 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 4.764 CNY | 1 CNY = 0.210 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.992 CHF | 1 CHF = 1.008 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 5.963 CNY | 1 CNY = 0.168 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.006 CNY | 1 CNY = 0.167 CHF |
See what else happened on October 13, 2008