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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 23,99 24,38 22,30 23,39 228M
Microsoft MSFT 25,73 25,87 24,50 24,57 107M
JPMorgan Chase JPM 39,08 40,68 35,50 35,77 104M
Wells Fargo & Co. WFC 33,80 35,25 32,72 33,43 98.5M
Intel INTC 19,26 19,50 18,55 18,55 93.1M
Pfizer PFE 17,58 18,12 17,16 17,17 73.2M
Cisco Systems CSCO 22,49 23,04 21,77 21,80 69.5M
AT&T Inc. T 29,41 29,64 28,25 28,80 53.8M
Oracle Corp. ORCL 18,69 18,82 18,07 18,10 50M
ExxonMobil XOM 75,60 79,12 74,82 75,28 43.5M
Home Depot HD 26,84 26,99 25,56 25,62 43M
Apple AAPL 138,49 138,51 127,83 127,83 42.9M
Comcast CMCSA 20,04 20,38 19,46 19,47 41.6M
Wal-Mart Stores WMT 61,68 61,98 59,22 59,64 41.3M
Altria MO 20,59 20,71 19,74 19,87 33.2M
HP Inc. HPQ 47,61 47,90 45,69 45,75 32M
Bristol-Myers Squibb BMY 20,96 21,44 20,36 20,64 28.3M
Verizon Communications VZ 32,67 32,76 31,19 31,26 28M
ConocoPhillips COP 72,55 77,75 69,03 69,32 26.6M
Procter & Gamble PG 71,68 72,02 70,84 70,94 25.3M
Johnson & Johnson JNJ 69,79 71,00 69,51 69,51 24.2M
Chevron CVX 81,00 83,90 79,50 80,05 23.3M
Abbott Laboratories ABT 59,22 59,57 56,50 57,25 22.6M
Merck MRK 31,76 32,20 30,99 31,13 22.5M
Walt Disney & Co. DIS 32,10 33,00 31,91 32,19 22.3M
Amgen AMGN 64,30 65,00 61,54 61,73 19.8M
Coca-Cola KO 54,56 54,89 52,65 52,66 18.8M
Alphabet GOOGL 438,48 439,14 413,44 414,49 18.2M
Visa V 65,81 67,95 64,01 64,09 16.9M
Boeing BA 60,88 61,00 56,43 57,00 14.8M
Schlumberger SLB 86,69 88,21 81,52 82,02 14.2M
Pepsico PEP 72,63 73,50 71,53 71,68 13.5M
McDonald's MCD 63,87 64,82 62,39 62,52 13.4M
Amazon AMZN 77,68 78,24 71,24 71,54 13.2M
International Business Machines IBM 114,79 115,50 110,61 111,47 12.3M
UnitedHealth Group UNH 26,50 27,50 25,50 25,51 12.3M
Gilead Sciences GILD 48,04 49,51 46,93 46,93 12.3M
Union Pacific UNP 72,68 74,82 69,94 72,76 11.4M
United Technologies UTX 62,27 62,58 60,59 60,71 9.02M
3M MMM 68,33 69,93 67,85 68,85 8.9M
Berkshire Hathaway BRK.B 4200,00 4200,00 4096,00 4165,00 54K
Exchange Rates of September 17, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 104,330 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 1,071 CAD 1 CAD = 0,934 USD
US Dollar Swiss Franc 1 USD = 1,104 CHF 1 CHF = 0,906 USD
US Dollar Chinese Yuan 1 USD = 6,837 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 149,460 JPY 1 JPY = 0,007 EUR
Euro Pound Sterling 1 EUR = 0,789 GBP 1 GBP = 1,267 EUR
Euro Australian Dollar 1 EUR = 1,822 AUD 1 AUD = 0,549 EUR
Euro Canadian Dollar 1 EUR = 1,535 CAD 1 CAD = 0,652 EUR
Euro Swiss Franc 1 EUR = 1,581 CHF 1 CHF = 0,633 EUR
Euro Chinese Yuan 1 EUR = 9,798 CNY 1 CNY = 0,102 EUR
Japanese Yen Pound Sterling 1 JPY = 0,528 GBP 1 GBP = 1,894 JPY
Japanese Yen Australian Dollar 1 JPY = 1,219 AUD 1 AUD = 0,820 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,026 CAD 1 CAD = 0,975 JPY
Japanese Yen Swiss Franc 1 JPY = 1,058 CHF 1 CHF = 0,946 JPY
Pound Sterling Australian Dollar 1 GBP = 2,307 AUD 1 AUD = 0,433 GBP
Pound Sterling Canadian Dollar 1 GBP = 1,943 CAD 1 CAD = 0,515 GBP
Pound Sterling Swiss Franc 1 GBP = 2,002 CHF 1 CHF = 0,499 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,842 CAD 1 CAD = 1,188 AUD
Australian Dollar Swiss Franc 1 AUD = 0,867 CHF 1 CHF = 1,154 AUD
Australian Dollar Chinese Yuan 1 AUD = 5,366 CNY 1 CNY = 0,186 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,030 CHF 1 CHF = 0,971 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6,379 CNY 1 CNY = 0,157 CAD

See what else happened on September 17, 2008