Financial news on November 18th, 2008
Business and Financial news
A Bridge Loan? U.S. Should Guide G.M. in a Chapter 11
There is a fix to G.M.’s dance with disaster. Call it a government-sponsored bankruptcy. Read more..
Belgium: China Signs Product Safety Accord
Chinese officials signed an agreement with the European Union, promising to strengthen the exchange of information over faulty products. Read more..
Clout Has Plunged for Automakers and Union, Too
The Detroit automakers and the United Automobile Workers union face stiff headwinds of public opinion as they push for a bailout. Read more..
Savings as Part of the Job
Employees on business trips are increasingly responsive to management’s call to cut travel costs. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| General Electric | GE | 16.03 | 16.35 | 15.27 | 16.06 | 135M |
| Microsoft | MSFT | 19.50 | 19.66 | 18.75 | 19.62 | 109M |
| Intel | INTC | 13.12 | 13.23 | 12.51 | 13.11 | 96.9M |
| Wells Fargo & Co. | WFC | 27.97 | 28.37 | 25.83 | 27.20 | 81.6M |
| Cisco Systems | CSCO | 16.35 | 16.46 | 15.58 | 16.45 | 69.1M |
| HP Inc. | HPQ | 33.56 | 33.84 | 31.75 | 33.59 | 68M |
| JPMorgan Chase | JPM | 32.76 | 33.10 | 30.36 | 32.14 | 67.8M |
| Pfizer | PFE | 15.95 | 16.39 | 15.61 | 16.29 | 59M |
| ExxonMobil | XOM | 73.50 | 76.99 | 73.03 | 76.33 | 57.8M |
| Oracle Corp. | ORCL | 16.52 | 17.03 | 15.92 | 17.02 | 55.7M |
| AT&T Inc. | T | 26.55 | 27.27 | 25.50 | 26.57 | 45.5M |
| Apple | AAPL | 89.64 | 90.99 | 86.86 | 89.91 | 43.2M |
| Wal-Mart Stores | WMT | 51.68 | 53.57 | 50.97 | 52.72 | 36.6M |
| Procter & Gamble | PG | 62.25 | 64.49 | 60.76 | 64.25 | 35.5M |
| Home Depot | HD | 20.66 | 21.42 | 19.94 | 20.71 | 32.6M |
| Verizon Communications | VZ | 29.00 | 29.75 | 27.58 | 28.50 | 29.3M |
| Altria | MO | 16.26 | 16.96 | 16.00 | 16.96 | 26.7M |
| ConocoPhillips | COP | 47.05 | 50.22 | 46.52 | 49.89 | 26.3M |
| Comcast | CMCSA | 15.37 | 15.45 | 14.62 | 15.42 | 25.2M |
| Chevron | CVX | 70.98 | 74.05 | 70.00 | 73.40 | 23.6M |
| Abbott Laboratories | ABT | 55.79 | 56.88 | 54.50 | 56.57 | 23.4M |
| Walt Disney & Co. | DIS | 19.92 | 20.98 | 19.86 | 20.67 | 22M |
| Johnson & Johnson | JNJ | 58.78 | 61.00 | 58.46 | 60.89 | 21.2M |
| Bristol-Myers Squibb | BMY | 19.62 | 20.62 | 19.44 | 20.49 | 20.1M |
| Coca-Cola | KO | 43.32 | 43.75 | 42.03 | 43.49 | 19.5M |
| Merck | MRK | 25.68 | 26.70 | 25.07 | 26.13 | 18.2M |
| Alphabet | GOOGL | 301.57 | 303.73 | 285.35 | 297.42 | 16.7M |
| Amazon | AMZN | 39.73 | 40.66 | 36.08 | 38.44 | 15M |
| Gilead Sciences | GILD | 45.81 | 46.00 | 43.62 | 45.22 | 14.1M |
| Pepsico | PEP | 52.02 | 53.88 | 51.11 | 53.14 | 13.3M |
| Schlumberger | SLB | 48.36 | 50.40 | 47.44 | 50.23 | 13.2M |
| International Business Machines | IBM | 79.13 | 80.93 | 77.00 | 80.08 | 13.1M |
| McDonald's | MCD | 55.02 | 57.23 | 54.80 | 56.51 | 12.9M |
| UnitedHealth Group | UNH | 18.58 | 19.55 | 18.11 | 19.03 | 12.3M |
| Boeing | BA | 40.60 | 40.76 | 38.05 | 39.56 | 12.2M |
| Amgen | AMGN | 55.93 | 56.77 | 53.45 | 56.34 | 12.2M |
| 3M | MMM | 60.23 | 62.42 | 59.50 | 62.17 | 9.22M |
| United Technologies | UTX | 47.65 | 49.50 | 47.20 | 49.32 | 9.06M |
| Visa | V | 52.79 | 55.08 | 52.61 | 54.64 | 7.87M |
| Union Pacific | UNP | 56.32 | 58.47 | 54.90 | 56.33 | 7.72M |
| Berkshire Hathaway | BRK.B | 3120.00 | 3210.00 | 3010.00 | 3125.00 | 62.8K |
Exchange Rates of November 18th, 2008
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 96.890 JPY | 1 JPY = 0.010 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.231 CAD | 1 CAD = 0.812 USD |
| US Dollar | Swiss Franc | 1 USD = 1.203 CHF | 1 CHF = 0.831 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.825 CNY | 1 CNY = 0.147 USD |
| Euro | Japanese Yen | 1 EUR = 122.390 JPY | 1 JPY = 0.008 EUR |
| Euro | Pound Sterling | 1 EUR = 0.843 GBP | 1 GBP = 1.186 EUR |
| Euro | Australian Dollar | 1 EUR = 1.932 AUD | 1 AUD = 0.517 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.554 CAD | 1 CAD = 0.644 EUR |
| Euro | Swiss Franc | 1 EUR = 1.518 CHF | 1 CHF = 0.659 EUR |
| Euro | Chinese Yuan | 1 EUR = 8.617 CNY | 1 CNY = 0.116 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.689 GBP | 1 GBP = 1.452 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.579 AUD | 1 AUD = 0.633 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.269 CAD | 1 CAD = 0.788 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.240 CHF | 1 CHF = 0.807 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 2.290 AUD | 1 AUD = 0.437 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.841 CAD | 1 CAD = 0.543 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.799 CHF | 1 CHF = 0.556 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.205 CNY | 1 CNY = 0.098 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 0.804 CAD | 1 CAD = 1.244 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.785 CHF | 1 CHF = 1.274 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 4.453 CNY | 1 CNY = 0.225 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.975 CHF | 1 CHF = 1.026 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 5.545 CNY | 1 CNY = 0.180 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 5.673 CNY | 1 CNY = 0.176 CHF |
See what else happened on November 18th, 2008