Financial news on November 18, 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..

By ANDREW ROSS SORKIN - The New York Times

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..

By STEPHEN CASTLE - The New York Times

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..

By MICHELINE MAYNARD - The New York Times

Savings as Part of the Job

Employees on business trips are increasingly responsive to management’s call to cut travel costs. Read more..

By SUSAN STELLIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.0316.3515.2716.06135M
MicrosoftMSFT19.5019.6618.7519.62109M
IntelINTC13.1213.2312.5113.1196.9M
Wells Fargo & Co.WFC27.9728.3725.8327.2081.6M
Cisco SystemsCSCO16.3516.4615.5816.4569.1M
HP Inc.HPQ33.5633.8431.7533.5968M
JPMorgan ChaseJPM32.7633.1030.3632.1467.8M
PfizerPFE15.9516.3915.6116.2959M
ExxonMobilXOM73.5076.9973.0376.3357.8M
Oracle Corp.ORCL16.5217.0315.9217.0255.7M
AT&T Inc.T26.5527.2725.5026.5745.5M
AppleAAPL89.6490.9986.8689.9143.2M
Wal-Mart StoresWMT51.6853.5750.9752.7236.6M
Procter & GamblePG62.2564.4960.7664.2535.5M
Home DepotHD20.6621.4219.9420.7132.6M
Verizon CommunicationsVZ29.0029.7527.5828.5029.3M
AltriaMO16.2616.9616.0016.9626.7M
ConocoPhillipsCOP47.0550.2246.5249.8926.3M
ComcastCMCSA15.3715.4514.6215.4225.2M
ChevronCVX70.9874.0570.0073.4023.6M
Abbott LaboratoriesABT55.7956.8854.5056.5723.4M
Walt Disney & Co.DIS19.9220.9819.8620.6722M
Johnson & JohnsonJNJ58.7861.0058.4660.8921.2M
Bristol-Myers SquibbBMY19.6220.6219.4420.4920.1M
Coca-ColaKO43.3243.7542.0343.4919.5M
MerckMRK25.6826.7025.0726.1318.2M
AlphabetGOOGL301.57303.73285.35297.4216.7M
AmazonAMZN39.7340.6636.0838.4415M
Gilead SciencesGILD45.8146.0043.6245.2214.1M
PepsicoPEP52.0253.8851.1153.1413.3M
SchlumbergerSLB48.3650.4047.4450.2313.2M
International Business MachinesIBM79.1380.9377.0080.0813.1M
McDonald'sMCD55.0257.2354.8056.5112.9M
UnitedHealth GroupUNH18.5819.5518.1119.0312.3M
BoeingBA40.6040.7638.0539.5612.2M
AmgenAMGN55.9356.7753.4556.3412.2M
3MMMM60.2362.4259.5062.179.22M
United TechnologiesUTX47.6549.5047.2049.329.06M
VisaV52.7955.0852.6154.647.87M
Union PacificUNP56.3258.4754.9056.337.72M
Berkshire HathawayBRK.B3120.003210.003010.003125.0062.8K
Exchange Rates of November 18, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 96.890 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.231 CAD1 CAD = 0.812 USD
US DollarSwiss Franc1 USD = 1.203 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 6.825 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 122.390 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.843 GBP1 GBP = 1.186 EUR
EuroAustralian Dollar1 EUR = 1.932 AUD1 AUD = 0.517 EUR
EuroCanadian Dollar1 EUR = 1.554 CAD1 CAD = 0.644 EUR
EuroSwiss Franc1 EUR = 1.518 CHF1 CHF = 0.659 EUR
EuroChinese Yuan1 EUR = 8.617 CNY1 CNY = 0.116 EUR
Japanese YenPound Sterling1 JPY = 0.689 GBP1 GBP = 1.452 JPY
Japanese YenAustralian Dollar1 JPY = 1.579 AUD1 AUD = 0.633 JPY
Japanese YenCanadian Dollar1 JPY = 1.269 CAD1 CAD = 0.788 JPY
Japanese YenSwiss Franc1 JPY = 1.240 CHF1 CHF = 0.807 JPY
Pound SterlingAustralian Dollar1 GBP = 2.290 AUD1 AUD = 0.437 GBP
Pound SterlingCanadian Dollar1 GBP = 1.841 CAD1 CAD = 0.543 GBP
Pound SterlingSwiss Franc1 GBP = 1.799 CHF1 CHF = 0.556 GBP
Pound SterlingChinese Yuan1 GBP = 10.205 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.804 CAD1 CAD = 1.244 AUD
Australian DollarSwiss Franc1 AUD = 0.785 CHF1 CHF = 1.274 AUD
Australian DollarChinese Yuan1 AUD = 4.453 CNY1 CNY = 0.225 AUD
Canadian DollarSwiss Franc1 CAD = 0.975 CHF1 CHF = 1.026 CAD
Canadian DollarChinese Yuan1 CAD = 5.545 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 5.673 CNY1 CNY = 0.176 CHF

See what else happened on November 18, 2008