Financial news on December 16, 2008
Business and Financial news
The country’s output of cars, automotive goods, home electronics, appliances and furniture tumbled in November in the face of declining orders. Read more..
Price cuts are welcome at the pump, but delays may cut future supplies, setting the stage for another price surge. Read more..
Having reduced its key rate to a record low, the Fed said that it would use “all available tools” to fight the recession and downward pressure on prices. Read more..
There are growing concerns that the automakers’ problems in the United States will weigh down their more successful units in Europe, Asia and Latin America. Read more..
GMAC investors holding about $10.5 billion in bonds agreed to new terms of a debt swap, bringing the company closer to becoming a bank and getting a bailout. Read more..
Investigators have found no evidence so far that members of Bernard L. Madoff’s family aided in what may be the largest financial fraud in history, according to a person briefed on the case. Read more..
Though it may count as a corporate finance achievement, Rupert Murdoch’s gambit for Dow Jones has played out poorly for his investors. Read more..
The Securities and Exchange Commission is finding itself conducting autopsies of financial institutions after failing, in the first instance, to perform adequate biopsies. Read more..
By agreeing to the record fines, the German engineering conglomerate closes the book on wide-ranging criminal investigations in the United States and Germany. Read more..
Around the country, nonprofits are reeling from the Madoff scandal. Read more..
Stock Markets
Values are reported in US Dollars
Stock | Ticker symbol | Open | High | Low | Close | Volume |
General Electric | GE | 17.13 | 18.13 | 17.01 | 17.92 | 119M |
Intel | INTC | 14.72 | 15.68 | 14.62 | 15.64 | 101M |
Microsoft | MSFT | 19.21 | 20.18 | 19.00 | 20.11 | 97.7M |
Cisco Systems | CSCO | 17.04 | 17.45 | 16.69 | 17.42 | 77.8M |
JPMorgan Chase | JPM | 29.01 | 32.75 | 28.84 | 32.35 | 75.8M |
Pfizer | PFE | 16.75 | 17.57 | 16.74 | 17.36 | 66.5M |
Wells Fargo & Co. | WFC | 26.47 | 29.82 | 26.45 | 29.78 | 64.9M |
ExxonMobil | XOM | 80.41 | 83.64 | 80.07 | 83.14 | 58.5M |
Oracle Corp. | ORCL | 16.62 | 17.40 | 16.51 | 17.27 | 57.3M |
Altria | MO | 15.29 | 15.36 | 14.42 | 14.54 | 50.8M |
AT&T Inc. | T | 27.25 | 28.40 | 27.06 | 28.23 | 44.7M |
Apple | AAPL | 93.98 | 96.48 | 92.75 | 95.43 | 39.1M |
Comcast | CMCSA | 15.45 | 16.50 | 15.43 | 16.45 | 31.9M |
Verizon Communications | VZ | 32.75 | 34.30 | 32.25 | 33.50 | 30.8M |
Bristol-Myers Squibb | BMY | 22.23 | 22.87 | 22.08 | 22.50 | 29.2M |
Home Depot | HD | 23.73 | 24.59 | 22.88 | 24.32 | 26.2M |
Chevron | CVX | 78.95 | 80.06 | 77.96 | 79.01 | 23.3M |
Wal-Mart Stores | WMT | 55.01 | 55.97 | 54.14 | 55.24 | 23M |
Walt Disney & Co. | DIS | 23.04 | 24.17 | 22.57 | 23.78 | 22.3M |
Abbott Laboratories | ABT | 52.03 | 53.44 | 51.67 | 53.16 | 20.1M |
HP Inc. | HPQ | 35.33 | 36.55 | 34.94 | 36.32 | 19.5M |
Johnson & Johnson | JNJ | 58.45 | 59.75 | 57.63 | 59.60 | 17.9M |
ConocoPhillips | COP | 52.71 | 54.36 | 52.30 | 54.13 | 17.8M |
Procter & Gamble | PG | 59.90 | 61.75 | 59.58 | 61.62 | 17.8M |
Coca-Cola | KO | 45.27 | 46.79 | 44.73 | 46.46 | 17.5M |
Schlumberger | SLB | 43.62 | 43.90 | 41.15 | 42.88 | 15.9M |
Merck | MRK | 27.05 | 28.10 | 26.48 | 27.91 | 15.8M |
Gilead Sciences | GILD | 45.22 | 47.95 | 45.22 | 47.87 | 14.2M |
Alphabet | GOOGL | 314.52 | 329.50 | 311.27 | 325.28 | 14.1M |
McDonald's | MCD | 61.14 | 63.00 | 60.91 | 62.92 | 13.5M |
UnitedHealth Group | UNH | 23.06 | 24.89 | 22.50 | 24.35 | 11.9M |
International Business Machines | IBM | 83.11 | 86.84 | 82.87 | 86.40 | 11.6M |
Boeing | BA | 39.21 | 42.00 | 38.20 | 41.90 | 11M |
Pepsico | PEP | 52.91 | 54.42 | 52.51 | 54.21 | 9.41M |
3M | MMM | 55.57 | 58.60 | 55.31 | 58.32 | 9.33M |
United Technologies | UTX | 50.65 | 51.82 | 49.08 | 51.67 | 9.02M |
Amgen | AMGN | 57.89 | 59.50 | 57.84 | 59.38 | 8.88M |
Amazon | AMZN | 49.62 | 52.96 | 49.29 | 52.63 | 8.86M |
Union Pacific | UNP | 43.97 | 47.45 | 43.97 | 46.90 | 7.87M |
Visa | V | 53.30 | 54.78 | 52.74 | 54.77 | 7.68M |
Berkshire Hathaway | BRK.B | 3170.00 | 3342.00 | 3166.00 | 3328.00 | 43.1K |
Exchange Rates of December 16, 2008
Currencies | Exchange Rates | ||
US Dollar | Japanese Yen | 1 USD = 89.040 JPY | 1 JPY = 0.011 USD |
US Dollar | Canadian Dollar | 1 USD = 1.205 CAD | 1 CAD = 0.830 USD |
US Dollar | Swiss Franc | 1 USD = 1.124 CHF | 1 CHF = 0.890 USD |
US Dollar | Chinese Yuan | 1 USD = 6.846 CNY | 1 CNY = 0.146 USD |
Euro | Japanese Yen | 1 EUR = 124.780 JPY | 1 JPY = 0.008 EUR |
Euro | Pound Sterling | 1 EUR = 0.900 GBP | 1 GBP = 1.112 EUR |
Euro | Australian Dollar | 1 EUR = 2.018 AUD | 1 AUD = 0.495 EUR |
Euro | Canadian Dollar | 1 EUR = 1.688 CAD | 1 CAD = 0.592 EUR |
Euro | Swiss Franc | 1 EUR = 1.575 CHF | 1 CHF = 0.635 EUR |
Euro | Chinese Yuan | 1 EUR = 9.607 CNY | 1 CNY = 0.104 EUR |
Japanese Yen | Pound Sterling | 1 JPY = 0.721 GBP | 1 GBP = 1.388 JPY |
Japanese Yen | Australian Dollar | 1 JPY = 1.617 AUD | 1 AUD = 0.619 JPY |
Japanese Yen | Canadian Dollar | 1 JPY = 1.353 CAD | 1 CAD = 0.739 JPY |
Japanese Yen | Swiss Franc | 1 JPY = 1.262 CHF | 1 CHF = 0.793 JPY |
Pound Sterling | Australian Dollar | 1 GBP = 2.242 AUD | 1 AUD = 0.446 GBP |
Pound Sterling | Canadian Dollar | 1 GBP = 1.876 CAD | 1 CAD = 0.533 GBP |
Pound Sterling | Swiss Franc | 1 GBP = 1.751 CHF | 1 CHF = 0.571 GBP |
Pound Sterling | Chinese Yuan | 1 GBP = 10.646 CNY | 1 CNY = 0.094 GBP |
Australian Dollar | Canadian Dollar | 1 AUD = 0.836 CAD | 1 CAD = 1.197 AUD |
Australian Dollar | Swiss Franc | 1 AUD = 0.780 CHF | 1 CHF = 1.283 AUD |
Australian Dollar | Chinese Yuan | 1 AUD = 4.760 CNY | 1 CNY = 0.210 AUD |
Canadian Dollar | Swiss Franc | 1 CAD = 0.932 CHF | 1 CHF = 1.073 CAD |
Canadian Dollar | Chinese Yuan | 1 CAD = 5.682 CNY | 1 CNY = 0.176 CAD |
Swiss Franc | Chinese Yuan | 1 CHF = 6.089 CNY | 1 CNY = 0.164 CHF |
See what else happened on December 16, 2008