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

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
CurrenciesExchange 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