Financial news on December 15, 2008

Business and Financial news
After Its Big Cuts, Detroit Makes Lots of Small Ones

As sales continue to plummet, the Big Three automakers are scrutinizing every budget line for potential savings to save cash. Read more..

By BILL VLASIC - The New York Times

A Scandal in Chicago That Justifies Investigative Journalism

Newspapers, smacked around for lacking relevance the last few years, have found a compelling spokesman: Rod R. Blagojevich, the governor of Illinois. Read more..

By DAVID CARR - The New York Times

As Rates Near Zero, the Fed Turns to Unproven Methods

The Federal Reserve must now turn to an approach called “quantitative easing,” because it involves injecting money into the economy rather than aiming at an interest rate. Read more..

By EDMUND L. ANDREWS - The New York Times

MediaNews Sees Bad Timing on Newspapers, Not Bad Bets

Dean Singleton gambled his company on California -- where the crash in housing has hit newspapers especially hard -- just as the bottom was about to fall out for newspapers. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.9517.1116.6616.9563.7M
IntelINTC14.7514.9414.3214.5960.6M
MicrosoftMSFT19.3419.4418.8919.0459.9M
JPMorgan ChaseJPM29.3429.7828.1728.6351.6M
PfizerPFE16.9117.1216.5016.6350.2M
ExxonMobilXOM81.3281.5078.8679.9543.4M
AT&T Inc.T27.6527.9426.5727.1342.6M
Cisco SystemsCSCO16.8817.0216.5116.8440.2M
Wells Fargo & Co.WFC26.9827.0325.5326.0737.6M
Oracle Corp.ORCL16.4016.6416.1316.4537.2M
AppleAAPL95.9996.2193.0094.7531.8M
AltriaMO15.7115.8814.9615.2125.6M
Bristol-Myers SquibbBMY22.8722.9522.1922.5025.6M
Verizon CommunicationsVZ32.9433.1731.6832.3022.1M
ComcastCMCSA15.6116.0215.2015.6021.8M
Wal-Mart StoresWMT54.9955.1254.0154.7116.7M
ChevronCVX80.1980.6177.0778.2116.5M
ConocoPhillipsCOP52.5953.4251.0051.9015.6M
HP Inc.HPQ36.0636.1034.4134.8215.2M
Abbott LaboratoriesABT50.9052.0350.5451.6414.9M
Home DepotHD23.6223.8723.0423.4114.7M
AlphabetGOOGL314.01318.49305.11310.6713.5M
Johnson & JohnsonJNJ57.7358.3956.9557.8113M
Walt Disney & Co.DIS22.9322.9822.3422.7712.9M
MerckMRK26.9527.2426.2026.6012.5M
Procter & GamblePG58.1559.8558.1559.3612.2M
SchlumbergerSLB41.9843.9641.6742.8110.9M
UnitedHealth GroupUNH23.6524.4823.4623.7810.7M
Union PacificUNP43.3343.8942.0543.4810.3M
Coca-ColaKO44.8845.2743.8444.9710.2M
International Business MachinesIBM82.5183.5480.0082.778.85M
BoeingBA39.6039.8838.2038.748.23M
United TechnologiesUTX49.4950.1048.8749.637.99M
McDonald'sMCD60.6961.2360.0060.697.96M
AmazonAMZN50.6550.9548.1548.857.29M
PepsicoPEP52.4152.8751.1252.426.15M
Gilead SciencesGILD44.9545.5544.1544.355.69M
3MMMM56.6056.7254.9255.635.56M
AmgenAMGN57.7858.4957.4457.715.55M
VisaV52.8153.7751.7752.755.46M
Berkshire HathawayBRK.B3210.003288.503130.003166.0041.6K
Exchange Rates of December 15, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.640 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.233 CAD1 CAD = 0.811 USD
US DollarSwiss Franc1 USD = 1.159 CHF1 CHF = 0.863 USD
US DollarChinese Yuan1 USD = 6.849 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 124.040 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.894 GBP1 GBP = 1.118 EUR
EuroAustralian Dollar1 EUR = 2.047 AUD1 AUD = 0.489 EUR
EuroCanadian Dollar1 EUR = 1.688 CAD1 CAD = 0.593 EUR
EuroSwiss Franc1 EUR = 1.587 CHF1 CHF = 0.630 EUR
EuroChinese Yuan1 EUR = 9.381 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.721 GBP1 GBP = 1.388 JPY
Japanese YenAustralian Dollar1 JPY = 1.649 AUD1 AUD = 0.606 JPY
Japanese YenCanadian Dollar1 JPY = 1.360 CAD1 CAD = 0.735 JPY
Japanese YenSwiss Franc1 JPY = 1.279 CHF1 CHF = 0.782 JPY
Pound SterlingAustralian Dollar1 GBP = 2.288 AUD1 AUD = 0.437 GBP
Pound SterlingCanadian Dollar1 GBP = 1.887 CAD1 CAD = 0.530 GBP
Pound SterlingSwiss Franc1 GBP = 1.774 CHF1 CHF = 0.564 GBP
Pound SterlingChinese Yuan1 GBP = 10.471 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.824 CAD1 CAD = 1.214 AUD
Australian DollarSwiss Franc1 AUD = 0.775 CHF1 CHF = 1.291 AUD
Australian DollarChinese Yuan1 AUD = 4.580 CNY1 CNY = 0.218 AUD
Canadian DollarSwiss Franc1 CAD = 0.940 CHF1 CHF = 1.064 CAD
Canadian DollarChinese Yuan1 CAD = 5.551 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 5.912 CNY1 CNY = 0.169 CHF

See what else happened on December 15, 2008