Financial news on February 18th, 2009

Business and Financial news
Bank Asks Offshore Clients to Sign Tax Forms

Credit Suisse is asking American clients with offshore accounts to sign tax forms that may partly lift the veil of secrecy on those accounts, in a move to avoid a standoff with federal authorities. Read more..

By LYNNLEY BROWNING - The New York Times

Currency Issues Weigh on Eastern Europe

Eastern European countries that have not adopted the euro are struggling with sharp swings. Read more..

By JUDY DEMPSEY - The New York Times

Dueling Software Is the Focus of Attention at a Mobile Phone Show

The focus has shifted from devices to mobile operating systems, shaking up a market that had been dominated by Nokia. Read more..

By KEVIN J. O'BRIEN - The New York Times

Facebook Withdraws Changes in Data Use

After a wave of protests, Facebook said it would withdraw changes to its terms of service concerning the data supplied by users. Read more..

By BRAD STONE and BRIAN STELTER - The New York Times

Lawsuit Says Google Was Unfair to Rival Site

A small search engine accused Google of raising its ad rates after it realized the company was a potential competitor. Read more..

By MIGUEL HELFT - The New York Times

Sirius XM Wins a Critical Loan From Liberty Media

Sirius XM’s infusion from Liberty Media means the satellite radio company can operate without fear of imminent bankruptcy. Read more..

By MICHAEL J. de la MERCED - The New York Times

Trump Casino Unit Files Chapter 11

Trump Entertainment Resorts filed for bankruptcy protection before its bondholders could present a petition to do so. Read more..

By BLOOMBERG NEWS - The New York Times

Wal-Mart Profit Tops Expectations

The retailing giant said that its results were helped by strong sales at its discount stores in the United States. Read more..


Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC14.3414.4012.0613.05191M
General ElectricGE11.0911.1510.6810.8695.3M
JPMorgan ChaseJPM22.2322.3021.0021.5182.9M
Wal-Mart StoresWMT48.9450.0048.5250.0047.4M
Oracle Corp.ORCL17.0717.5117.0017.2441.3M
Cisco SystemsCSCO15.4515.7315.1515.3740.6M
HP Inc.HPQ34.6134.9733.5334.0828.7M
AT&T Inc.T23.3523.4022.7522.9628.5M
Home DepotHD20.2520.2619.4319.8023.4M
Verizon CommunicationsVZ28.4528.5027.6728.0719.6M
Walt Disney & Co.DIS17.9518.0117.5317.6318.7M
Procter & GamblePG49.8451.1749.7550.9516.8M
Johnson & JohnsonJNJ55.7056.2655.4255.8315.5M
Bristol-Myers SquibbBMY21.3421.4020.6920.9214.5M
Abbott LaboratoriesABT54.1654.4653.6454.2013.1M
UnitedHealth GroupUNH28.4428.4427.8028.3311M
International Business MachinesIBM91.1792.2590.4491.518.49M
Gilead SciencesGILD48.9049.8648.3849.598.34M
United TechnologiesUTX45.7545.9044.5244.856.36M
Union PacificUNP40.8141.7440.3140.965.21M
Berkshire HathawayBRK.B2770.002770.002590.002615.0075.4K
Exchange Rates of February 18th, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.760 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.261 CAD1 CAD = 0.793 USD
US DollarSwiss Franc1 USD = 1.178 CHF1 CHF = 0.849 USD
US DollarChinese Yuan1 USD = 6.839 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 117.500 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.882 GBP1 GBP = 1.134 EUR
EuroAustralian Dollar1 EUR = 1.966 AUD1 AUD = 0.509 EUR
EuroCanadian Dollar1 EUR = 1.580 CAD1 CAD = 0.633 EUR
EuroSwiss Franc1 EUR = 1.476 CHF1 CHF = 0.677 EUR
EuroChinese Yuan1 EUR = 8.571 CNY1 CNY = 0.117 EUR
Japanese YenPound Sterling1 JPY = 0.750 GBP1 GBP = 1.334 JPY
Japanese YenAustralian Dollar1 JPY = 1.673 AUD1 AUD = 0.598 JPY
Japanese YenCanadian Dollar1 JPY = 1.344 CAD1 CAD = 0.744 JPY
Japanese YenSwiss Franc1 JPY = 1.256 CHF1 CHF = 0.796 JPY
Pound SterlingAustralian Dollar1 GBP = 2.230 AUD1 AUD = 0.448 GBP
Pound SterlingCanadian Dollar1 GBP = 1.791 CAD1 CAD = 0.558 GBP
Pound SterlingSwiss Franc1 GBP = 1.674 CHF1 CHF = 0.597 GBP
Pound SterlingChinese Yuan1 GBP = 9.710 CNY1 CNY = 0.103 GBP
Australian DollarCanadian Dollar1 AUD = 0.803 CAD1 CAD = 1.245 AUD
Australian DollarSwiss Franc1 AUD = 0.751 CHF1 CHF = 1.332 AUD
Australian DollarChinese Yuan1 AUD = 4.355 CNY1 CNY = 0.230 AUD
Canadian DollarSwiss Franc1 CAD = 0.934 CHF1 CHF = 1.071 CAD
Canadian DollarChinese Yuan1 CAD = 5.420 CNY1 CNY = 0.184 CAD
Swiss FrancChinese Yuan1 CHF = 5.805 CNY1 CNY = 0.172 CHF

See what else happened on February 18th, 2009