Financial news on August 14, 2008

Business and Financial news
A Building Hangover for Spain’s Economy

In less than a year, Spain has gone from brisk growth to acute distress as a housing collapse, high energy prices and the world financial crisis have drained its lifeblood. Read more..

By CARTER DOUGHERTY - The New York Times

Aiming to Keep Pace, Chrysler Is Shrinking S.U.V.'s

Chrysler plans to spend $1.8 billion retooling a Detroit factory that builds Jeeps so that it can start making a more fuel-efficient, car-based crossover vehicle there. Read more..

By NICK BUNKLEY and BILL VLASIC - The New York Times

As Early as 2005, UBS Executives Were Told of Possible Offshore Violations

Internal letters cast a new spotlight on senior executives of the Swiss bank UBS, and some of the letters show that the bank ignored warnings about possible violations of securities laws. Read more..

By LYNNLEY BROWNING - The New York Times

Genentech Rejects Takeover Bid From Roche

Roche, the Swiss pharmaceutical giant, is expected to increase its offer for the biotechnology company Genentech now that an initial $43.7 billion bid has been rejected. Read more..

By ANDREW POLLACK - The New York Times

Living Costs Rising Fast, and Wages Are Trailing

The cost of living is rising at the fastest rate since the recession of the early 1990s, handing a de facto pay cut to the American worker. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Navigating G.P.S. Devices

Some global positioning systems cost a couple hundred dollars and some are nearly a thousand bucks. Are these more expensive models worth it? Read more..

By J. D. BIERSDORFER - The New York Times

Share Your Video, but Make It Short

I keep getting error messages when I try to put a video file up on Flickr. What might be the problem? Read more..

By J. D. BIERSDORFER - The New York Times

The Social Network as a Career Safety Net

If you have avoided social-networking sites like LinkedIn and Facebook with the excuse that they are the domain of desperate job hunters or attention-seeking teenagers, it’s time to reconsider. Read more..

By SARAH JANE TRIBBLE - The New York Times

With Energy in Focus, Heat Pumps Win Fans

Like other energy alternatives, heat pumps have won new admirers as energy costs have skyrocketed, and the businesses that install them have been booming too. Read more..

By LIZ GALST - The New York Times

Woman to Woman, Online

The rapid growth in advertising and traffic to Web sites aimed primarily at women has attracted the attention of major media companies. Read more..

By CLAIRE CAIN MILLER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 23.91 24.49 23.76 24.36 50.4M
Microsoft MSFT 27.82 28.28 27.56 27.91 49.7M
JPMorgan Chase JPM 36.59 38.43 36.42 37.81 41.1M
Wells Fargo & Co. WFC 29.18 30.52 28.95 30.17 40.9M
Cisco Systems CSCO 24.16 24.86 24.12 24.67 37.5M
Pfizer PFE 19.68 20.09 19.51 19.78 36.2M
General Electric GE 29.12 29.89 29.01 29.52 35.9M
Oracle Corp. ORCL 22.78 23.40 22.75 23.19 32.1M
Wal-Mart Stores WMT 57.52 58.90 56.89 58.10 26.8M
ExxonMobil XOM 77.60 78.15 76.91 77.45 25.8M
Apple AAPL 178.33 180.45 177.84 179.32 25.4M
AT&T Inc. T 31.15 31.48 30.63 31.12 24.7M
ConocoPhillips COP 81.96 82.00 77.90 79.37 22.7M
Comcast CMCSA 21.66 22.22 21.66 22.00 17.6M
Home Depot HD 26.23 27.85 26.21 27.17 17.4M
Amgen AMGN 63.82 65.02 63.36 64.21 14.7M
Chevron CVX 85.86 87.48 85.12 86.58 14.4M
Verizon Communications VZ 34.10 34.90 33.80 34.69 11.8M
Walt Disney & Co. DIS 31.67 32.62 31.45 32.33 11.5M
Altria MO 21.48 21.54 21.28 21.40 11.2M
HP Inc. HPQ 45.30 45.76 45.14 45.50 11.1M
Merck MRK 35.62 36.25 35.26 35.94 11M
Abbott Laboratories ABT 58.16 59.30 57.62 58.70 11M
Bristol-Myers Squibb BMY 21.80 22.22 21.72 21.88 10.7M
Johnson & Johnson JNJ 71.20 71.80 70.64 71.19 9.46M
Procter & Gamble PG 69.55 70.48 69.11 69.71 9.45M
Boeing BA 63.74 65.43 63.45 64.77 9.36M
McDonald's MCD 62.65 64.29 62.00 63.60 9.3M
Schlumberger SLB 94.84 95.50 92.22 94.05 7.93M
UnitedHealth Group UNH 31.71 32.36 31.10 31.89 7.74M
Coca-Cola KO 55.05 55.84 54.75 55.02 7.71M
Amazon AMZN 85.71 88.75 85.22 88.03 6.9M
International Business Machines IBM 125.01 128.25 124.80 126.94 6.81M
Visa V 73.87 75.79 73.60 75.78 6.46M
Gilead Sciences GILD 56.56 56.83 56.00 56.69 6.31M
Alphabet GOOGL 497.70 507.61 496.29 505.49 5.83M
Pepsico PEP 69.77 70.83 69.13 69.94 5.61M
United Technologies UTX 65.71 67.00 65.31 66.12 4.57M
Union Pacific UNP 76.07 78.92 75.06 77.63 4.31M
3M MMM 72.55 73.87 72.21 73.04 2.99M
Berkshire Hathaway BRK.B 3805.00 3900.00 3788.50 3893.00 21.4K
Exchange Rates of August 14, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 109.780 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.065 CAD 1 CAD = 0.939 USD
US Dollar Swiss Franc 1 USD = 1.094 CHF 1 CHF = 0.914 USD
US Dollar Chinese Yuan 1 USD = 6.863 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 162.500 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.792 GBP 1 GBP = 1.262 EUR
Euro Australian Dollar 1 EUR = 1.701 AUD 1 AUD = 0.588 EUR
Euro Canadian Dollar 1 EUR = 1.576 CAD 1 CAD = 0.635 EUR
Euro Swiss Franc 1 EUR = 1.620 CHF 1 CHF = 0.617 EUR
Japanese Yen Pound Sterling 1 JPY = 0.487 GBP 1 GBP = 2.053 JPY
Japanese Yen Australian Dollar 1 JPY = 1.046 AUD 1 AUD = 0.956 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.970 CAD 1 CAD = 1.031 JPY
Japanese Yen Swiss Franc 1 JPY = 0.997 CHF 1 CHF = 1.004 JPY
Pound Sterling Australian Dollar 1 GBP = 2.147 AUD 1 AUD = 0.466 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.990 CAD 1 CAD = 0.503 GBP
Pound Sterling Swiss Franc 1 GBP = 2.044 CHF 1 CHF = 0.489 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.926 CAD 1 CAD = 1.080 AUD
Australian Dollar Swiss Franc 1 AUD = 0.952 CHF 1 CHF = 1.051 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.027 CHF 1 CHF = 0.974 CAD

See what else happened on August 14, 2008