Financial news on January 14th, 2009

Business and Financial news
A Device to Avert Strokes Lacks Proof That It Works

A device intended to prevent strokes provides a case study of how the actions of many can combine to undercut the gathering of reliable medical evidence. Read more..

By BARRY MEIER - The New York Times

Apple’s Chief Takes a Medical Leave

Saying his health issues were “more complex” than he originally thought, Steven P. Jobs is taking a leave until the end of June. Read more..

By BRAD STONE - The New York Times

Device Maker Sues a Doctor Who Called Its Product Flawed

A British doctor called a medical device flawed in an online publication. Read more..

By BARRY MEIER - The New York Times

Flow of Dollars to China Slows

China’s foreign reserves grew in the fourth quarter of last year at the slowest pace since the summer of 2004, as the country’s central bank found itself with fewer dollars to buy Treasury bonds and other foreign assets. Read more..

By KEITH BRADSHER - The New York Times

Harold Snyder, Generic Drug Pioneer, Is Dead at 86

Mr. Snyder started Biocraft Laboratories in Elmwood Park, N.J., an early and highly successful manufacturer of generic equivalents for brand-name pharmaceuticals. Read more..

By JEREMY PEARCE - The New York Times

Julius Genachowski to Be Nominee for F.C.C. Chairman

Julius Genachowski was a major fund-raiser for the Obama campaign and played a leading role in the campaign’s highly successful online strategy. Read more..

By STEPHEN LABATON - The New York Times

Pfizer to Cut Researchers as It Hones Its Focus

The drug company plans to reduce its global research staff by 5 percent to 8 percent in an effort to refocus disappointing research efforts and cut its overhead. Read more..

By DUFF WILSON - The New York Times

Report Calls Online Threats to Children Overblown

A high-profile task force concluded that the sexual solicitation of children online is not a significant problem. Read more..

By BRAD STONE - The New York Times

Sharp Drop in Oil Price Helps Shrink Trade Deficit

The deficit plunged to the lowest level in five years in November as a deepening recession slashed demand for oil and imports from China fell by the largest amount on record. Read more..

By JACK HEALY - The New York Times

Washington Post Names Two Managing Editors, One of Them a Rare Outsider

The new editors are Elizabeth Spayd, who has held top posts in the paper’s digital and print newsrooms, and Raju Narisetti, who spent years at The Wall Street Journal. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE14.5914.6414.0214.11101M
JPMorgan ChaseJPM25.5926.2824.7625.9173.9M
Wells Fargo & Co.WFC23.3623.7122.7023.0771.1M
Cisco SystemsCSCO16.1016.2215.6015.7450.1M
Oracle Corp.ORCL16.8716.9216.1816.3640M
AT&T Inc.T25.6125.7525.0125.4135.4M
Home DepotHD22.1522.2621.6821.9120.5M
Wal-Mart StoresWMT51.2852.0051.2451.5620.5M
Verizon CommunicationsVZ31.1431.2730.3230.5620.3M
HP Inc.HPQ35.5135.8034.8935.3919.1M
Bristol-Myers SquibbBMY21.9622.2721.8322.2117.1M
Abbott LaboratoriesABT49.8849.9549.0149.4716.7M
Johnson & JohnsonJNJ58.5558.5957.3857.9516.7M
Procter & GamblePG59.0559.1857.2257.8616.1M
Walt Disney & Co.DIS20.9321.2020.4220.8015.5M
Union PacificUNP43.1743.8940.8141.5611M
International Business MachinesIBM84.2084.8282.1183.199.47M
UnitedHealth GroupUNH24.7024.9623.7724.087.85M
Gilead SciencesGILD47.7648.4247.3947.627.34M
United TechnologiesUTX49.9050.5049.2550.035.92M
Berkshire HathawayBRK.B3150.003165.003100.003100.0021K
Exchange Rates of January 14th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 89.010 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.249 CAD1 CAD = 0.801 USD
US DollarSwiss Franc1 USD = 1.116 CHF1 CHF = 0.896 USD
US DollarChinese Yuan1 USD = 6.836 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 117.450 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.902 GBP1 GBP = 1.108 EUR
EuroAustralian Dollar1 EUR = 1.994 AUD1 AUD = 0.501 EUR
EuroCanadian Dollar1 EUR = 1.648 CAD1 CAD = 0.607 EUR
EuroSwiss Franc1 EUR = 1.472 CHF1 CHF = 0.680 EUR
EuroChinese Yuan1 EUR = 9.008 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.768 GBP1 GBP = 1.302 JPY
Japanese YenAustralian Dollar1 JPY = 1.697 AUD1 AUD = 0.589 JPY
Japanese YenCanadian Dollar1 JPY = 1.402 CAD1 CAD = 0.713 JPY
Japanese YenSwiss Franc1 JPY = 1.253 CHF1 CHF = 0.798 JPY
Pound SterlingAustralian Dollar1 GBP = 2.208 AUD1 AUD = 0.453 GBP
Pound SterlingCanadian Dollar1 GBP = 1.825 CAD1 CAD = 0.548 GBP
Pound SterlingSwiss Franc1 GBP = 1.631 CHF1 CHF = 0.613 GBP
Pound SterlingChinese Yuan1 GBP = 9.971 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.826 CAD1 CAD = 1.211 AUD
Australian DollarSwiss Franc1 AUD = 0.737 CHF1 CHF = 1.356 AUD
Australian DollarChinese Yuan1 AUD = 4.512 CNY1 CNY = 0.222 AUD
Canadian DollarSwiss Franc1 CAD = 0.892 CHF1 CHF = 1.121 CAD
Canadian DollarChinese Yuan1 CAD = 5.471 CNY1 CNY = 0.183 CAD
Swiss FrancChinese Yuan1 CHF = 6.120 CNY1 CNY = 0.163 CHF

See what else happened on January 14th, 2009