Financial news on September 17, 2008

Business and Financial news
Asian Markets Rally Early, Then Lose Steam

Asian stock markets rallied in response to the Federal Reserve’s rescue of the struggling insurer American International Group, but the rally began to lose steam by lunchtime. Read more..

By KEITH BRADSHER - The New York Times

Barclays Agrees to Buy Some Lehman Assets

The British bank agreed to buy Lehman’s broker-dealer business a day after the investment bank filed for bankruptcy protection. Read more..

By JULIA WERDIGIER and LANDON THOMAS Jr - The New York Times

F.A.A. Is Said to Have Rushed Plane’s Approval

Accusers say the F.A.A. pressured subordinates to approve a new model of airplane prematurely, and transferred employees who raised safety concerns that might have delayed the approval. Read more..

By MATTHEW L. WALD - The New York Times

Gasoline Prices Rise, but at a Slower Pace

Gasoline prices eased a bit as oil companies reported that the damage from Hurricane Ike to production platforms and refineries appears to be relatively minor. Read more..

By CLIFFORD KRAUSS - The New York Times

Goldman Posts Profit, and Morgan Follows Suit

Goldman Sachs posted quarterly profit that beat analysts’ expectations, while Morgan Stanley reported profit that was even stronger than Goldman’s. Read more..

By LOUISE STORY - The New York Times

Some Seek Agency to Buy Bad Debt as Long-Term Answer

Some lawmakers and experts are considering creating a new agency to dispose of the assets at the core of Wall Street’s woes. Read more..

By STEPHEN LABATON - The New York Times

The Fed Holds Rates Steady, and Wall Street Turns a Bad Start Around

After an initial drop, stocks rose, overcoming an initial drop after the Federal Reserve decided to keep interest rates steady. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Throwing a Lifeline to a Troubled Giant

A frenzied, weeklong effort to persuade banks to prop up the ailing insurance giant A.I.G. failed and the Fed decided it had no choice but to do the unthinkable: bail out A.I.G. Read more..

By ERIC DASH and ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE23.9924.3822.3023.39228M
MicrosoftMSFT25.7325.8724.5024.57107M
JPMorgan ChaseJPM39.0840.6835.5035.77104M
Wells Fargo & Co.WFC33.8035.2532.7233.4398.5M
IntelINTC19.2619.5018.5518.5593.1M
PfizerPFE17.5818.1217.1617.1773.2M
Cisco SystemsCSCO22.4923.0421.7721.8069.5M
AT&T Inc.T29.4129.6428.2528.8053.8M
Oracle Corp.ORCL18.6918.8218.0718.1050M
ExxonMobilXOM75.6079.1274.8275.2843.5M
Home DepotHD26.8426.9925.5625.6243M
AppleAAPL138.49138.51127.83127.8342.9M
ComcastCMCSA20.0420.3819.4619.4741.6M
Wal-Mart StoresWMT61.6861.9859.2259.6441.3M
AltriaMO20.5920.7119.7419.8733.2M
HP Inc.HPQ47.6147.9045.6945.7532M
Bristol-Myers SquibbBMY20.9621.4420.3620.6428.3M
Verizon CommunicationsVZ32.6732.7631.1931.2628M
ConocoPhillipsCOP72.5577.7569.0369.3226.6M
Procter & GamblePG71.6872.0270.8470.9425.3M
Johnson & JohnsonJNJ69.7971.0069.5169.5124.2M
ChevronCVX81.0083.9079.5080.0523.3M
Abbott LaboratoriesABT59.2259.5756.5057.2522.6M
MerckMRK31.7632.2030.9931.1322.5M
Walt Disney & Co.DIS32.1033.0031.9132.1922.3M
AmgenAMGN64.3065.0061.5461.7319.8M
Coca-ColaKO54.5654.8952.6552.6618.8M
AlphabetGOOGL438.48439.14413.44414.4918.2M
VisaV65.8167.9564.0164.0916.9M
BoeingBA60.8861.0056.4357.0014.8M
SchlumbergerSLB86.6988.2181.5282.0214.2M
PepsicoPEP72.6373.5071.5371.6813.5M
McDonald'sMCD63.8764.8262.3962.5213.4M
AmazonAMZN77.6878.2471.2471.5413.2M
International Business MachinesIBM114.79115.50110.61111.4712.3M
UnitedHealth GroupUNH26.5027.5025.5025.5112.3M
Gilead SciencesGILD48.0449.5146.9346.9312.3M
Union PacificUNP72.6874.8269.9472.7611.4M
United TechnologiesUTX62.2762.5860.5960.719.02M
3MMMM68.3369.9367.8568.858.9M
Berkshire HathawayBRK.B4200.004200.004096.004165.0054K
Exchange Rates of September 17, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 104.330 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.071 CAD1 CAD = 0.934 USD
US DollarSwiss Franc1 USD = 1.104 CHF1 CHF = 0.906 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 149.460 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.789 GBP1 GBP = 1.267 EUR
EuroAustralian Dollar1 EUR = 1.822 AUD1 AUD = 0.549 EUR
EuroCanadian Dollar1 EUR = 1.535 CAD1 CAD = 0.652 EUR
EuroSwiss Franc1 EUR = 1.581 CHF1 CHF = 0.633 EUR
EuroChinese Yuan1 EUR = 9.798 CNY1 CNY = 0.102 EUR
Japanese YenPound Sterling1 JPY = 0.528 GBP1 GBP = 1.894 JPY
Japanese YenAustralian Dollar1 JPY = 1.219 AUD1 AUD = 0.820 JPY
Japanese YenCanadian Dollar1 JPY = 1.026 CAD1 CAD = 0.975 JPY
Japanese YenSwiss Franc1 JPY = 1.058 CHF1 CHF = 0.946 JPY
Pound SterlingAustralian Dollar1 GBP = 2.307 AUD1 AUD = 0.433 GBP
Pound SterlingCanadian Dollar1 GBP = 1.943 CAD1 CAD = 0.515 GBP
Pound SterlingSwiss Franc1 GBP = 2.002 CHF1 CHF = 0.499 GBP
Australian DollarCanadian Dollar1 AUD = 0.842 CAD1 CAD = 1.188 AUD
Australian DollarSwiss Franc1 AUD = 0.867 CHF1 CHF = 1.154 AUD
Australian DollarChinese Yuan1 AUD = 5.366 CNY1 CNY = 0.186 AUD
Canadian DollarSwiss Franc1 CAD = 1.030 CHF1 CHF = 0.971 CAD
Canadian DollarChinese Yuan1 CAD = 6.379 CNY1 CNY = 0.157 CAD

See what else happened on September 17, 2008