Financial news on October 16th, 2008
Business and Financial news
Asia Stocks Drop Dramatically in Early Trading
The mass sell-off in Asia followed the biggest one-day percentage fall on Wall Street since 1987. Read more..
Cuomo Seeks Recovery of Bonuses at A.I.G.
New York’s attorney general, Andrew M. Cuomo, demanded that the insurer recover bonuses and other payments from its former executives, lest he take formal action against the company. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Microsoft | MSFT | 22.94 | 24.19 | 21.31 | 24.19 | 161M |
| General Electric | GE | 19.51 | 19.96 | 18.31 | 19.89 | 151M |
| Intel | INTC | 15.23 | 15.97 | 14.48 | 15.88 | 121M |
| Cisco Systems | CSCO | 16.98 | 17.75 | 16.20 | 17.75 | 104M |
| Pfizer | PFE | 16.55 | 16.99 | 15.61 | 16.97 | 81.9M |
| ExxonMobil | XOM | 63.31 | 69.68 | 59.17 | 69.45 | 78.1M |
| JPMorgan Chase | JPM | 39.02 | 41.00 | 36.31 | 40.49 | 75.1M |
| Wells Fargo & Co. | WFC | 32.89 | 34.31 | 30.04 | 33.90 | 74M |
| Oracle Corp. | ORCL | 16.15 | 16.99 | 15.31 | 16.99 | 70.8M |
| Apple | AAPL | 99.77 | 103.43 | 91.74 | 101.89 | 70.7M |
| AT&T Inc. | T | 24.91 | 25.75 | 23.91 | 25.46 | 51.2M |
| Wal-Mart Stores | WMT | 50.57 | 55.02 | 48.73 | 54.62 | 47.4M |
| Comcast | CMCSA | 14.29 | 15.41 | 13.84 | 15.36 | 42.9M |
| Home Depot | HD | 19.50 | 20.01 | 18.02 | 19.70 | 38.4M |
| Abbott Laboratories | ABT | 54.03 | 56.00 | 51.05 | 55.38 | 36.4M |
| Johnson & Johnson | JNJ | 60.74 | 63.98 | 58.31 | 63.50 | 34.6M |
| ConocoPhillips | COP | 49.95 | 52.62 | 45.30 | 51.94 | 34.2M |
| Schlumberger | SLB | 55.90 | 57.30 | 49.72 | 53.20 | 33.1M |
| Altria | MO | 18.71 | 19.31 | 17.63 | 19.00 | 32.7M |
| Alphabet | GOOGL | 332.76 | 356.50 | 309.44 | 353.02 | 32.4M |
| Chevron | CVX | 60.66 | 64.39 | 55.62 | 63.10 | 31.8M |
| HP Inc. | HPQ | 38.64 | 39.84 | 37.06 | 39.66 | 29.1M |
| Procter & Gamble | PG | 59.91 | 62.25 | 57.12 | 61.77 | 27.6M |
| Coca-Cola | KO | 44.80 | 45.91 | 42.13 | 45.78 | 26.5M |
| Bristol-Myers Squibb | BMY | 17.40 | 17.50 | 16.58 | 17.26 | 26.5M |
| Verizon Communications | VZ | 26.61 | 27.71 | 25.18 | 27.41 | 24.6M |
| Amazon | AMZN | 46.40 | 50.70 | 43.39 | 50.29 | 22.1M |
| Walt Disney & Co. | DIS | 23.37 | 24.60 | 22.07 | 24.27 | 21.4M |
| UnitedHealth Group | UNH | 23.62 | 24.00 | 20.70 | 22.63 | 20.1M |
| Pepsico | PEP | 51.39 | 53.25 | 50.66 | 53.08 | 19.7M |
| Merck | MRK | 27.26 | 28.30 | 25.60 | 28.19 | 19.6M |
| McDonald's | MCD | 52.02 | 55.27 | 50.80 | 54.46 | 17.3M |
| Gilead Sciences | GILD | 39.19 | 41.66 | 37.00 | 41.39 | 17.1M |
| International Business Machines | IBM | 89.38 | 92.00 | 84.35 | 91.52 | 16.3M |
| United Technologies | UTX | 49.70 | 53.47 | 47.63 | 52.88 | 16.1M |
| Amgen | AMGN | 47.91 | 50.89 | 46.63 | 50.80 | 15.2M |
| Visa | V | 50.15 | 53.33 | 48.04 | 53.07 | 14M |
| Union Pacific | UNP | 54.24 | 56.23 | 51.24 | 55.34 | 12.7M |
| Boeing | BA | 42.64 | 45.00 | 39.99 | 44.79 | 11.8M |
| 3M | MMM | 54.76 | 57.79 | 52.34 | 57.27 | 10.5M |
| Berkshire Hathaway | BRK.B | 3780.00 | 3789.00 | 3631.00 | 3765.00 | 40.3K |
Exchange Rates of October 16th, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 101.660 JPY | 1 JPY = 0.010 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.179 CAD | 1 CAD = 0.848 USD |
| US Dollar | Swiss Franc | 1 USD = 1.135 CHF | 1 CHF = 0.881 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.834 CNY | 1 CNY = 0.146 USD |
| Euro | Japanese Yen | 1 EUR = 137.020 JPY | 1 JPY = 0.007 EUR |
| Euro | Pound Sterling | 1 EUR = 0.778 GBP | 1 GBP = 1.285 EUR |
| Euro | Australian Dollar | 1 EUR = 1.956 AUD | 1 AUD = 0.511 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.589 CAD | 1 CAD = 0.629 EUR |
| Euro | Swiss Franc | 1 EUR = 1.530 CHF | 1 CHF = 0.654 EUR |
| Euro | Chinese Yuan | 1 EUR = 9.215 CNY | 1 CNY = 0.109 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.568 GBP | 1 GBP = 1.762 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.426 AUD | 1 AUD = 0.701 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.159 CAD | 1 CAD = 0.863 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.116 CHF | 1 CHF = 0.896 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.512 AUD | 1 AUD = 0.398 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 2.041 CAD | 1 CAD = 0.490 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.965 CHF | 1 CHF = 0.509 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.811 CAD | 1 CAD = 1.232 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.782 CHF | 1 CHF = 1.279 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 4.703 CNY | 1 CNY = 0.213 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.962 CHF | 1 CHF = 1.039 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 5.798 CNY | 1 CNY = 0.172 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 6.018 CNY | 1 CNY = 0.166 CHF |
See what else happened on October 16th, 2008