Financial news on February 19, 2009

Business and Financial news
5 Big Papers to Share Articles and Photos

Papers from New York, Albany, Buffalo, Newark and Hackensack, N.J., are forming an alliance. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Details on Obama’s Housing Plan Are Pending, but First Some Answers

The Obama administration’s housing plan aims to help homeowners who fall into two categories: those struggling to pay their mortgages and those shut out of the refinancing market. Read more..

By TARA SIEGEL BERNARD - The New York Times

Fed Chief Defends Steps Taken to Contain Crisis

Ben S. Bernanke vowed to do whatever it took to pull the economy out of its downward spiral, even as he acknowledged that recent indicators were “dismal.” Read more..

By EDMUND L. ANDREWS - The New York Times

G.M. Says New Loan Is Adequate to Save It

G.M. projects a $6.6 billion surplus by 2012, but the Obama administration must decide if that is realistic as it reviews the company’s latest loan request. Read more..

By BILL VLASIC and NICK BUNKLEY - The New York Times

Hewlett-Packard’s Profit Declines 13%

Sales at Hewlett-Packard felt the waning demand for technology products worldwide, but managed to meet earnings expectations. Read more..

By ASHLEE VANCE - The New York Times

Low-Tech Fixes for High-Tech Problems

When your credit card won’t swipe, reach for a plastic bag. And put your cellphone in the fridge. Read more..

By PAUL BOUTIN - The New York Times

MBIA Splits Off Its Municipal Bond Business

MBIA said the move was a first step toward helping to unfreeze the public finance capital markets in the United States. Read more..

By MARY WILLIAMS WALSH - The New York Times

Music Rights in iTunes

What does it mean when iTunes music is “D.R.M.-free”? Does that mean I can play the files on other types of players? Read more..

By J .D. BIERSDORFER - The New York Times

Outsourcing of Drug Trials Is Faulted

A research article states that volunteers for medical trials in foreign countries may be unduly influenced. Read more..

By NATASHA SINGER - The New York Times

Yahoo Shows Search Ads With Images and Video

The struggling search engine is trying to win business back from its big rival, Google, by improving click-through rates. Read more..

By STEPHANIE CLIFFORD - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE10,9410,989,9510,06157M
Wells Fargo & Co.WFC12,9113,7511,9412,01129M
JPMorgan ChaseJPM22,0422,3020,5420,6066.5M
HP Inc.HPQ32,7932,9230,6731,3957M
IntelINTC13,3313,3812,6712,6856.2M
MicrosoftMSFT18,3018,3817,8117,9149.2M
Cisco SystemsCSCO15,4815,5215,0115,0443M
PfizerPFE14,3014,4313,9814,0341.3M
ComcastCMCSA12,6813,3912,5812,9940.2M
AppleAAPL93,3794,2590,1190,6433M
Oracle Corp.ORCL17,3417,3716,8016,8332.8M
ExxonMobilXOM71,8272,9671,7772,1631.2M
AT&T Inc.T23,2623,6323,1123,1928M
Wal-Mart StoresWMT49,4450,6749,4450,4527.3M
Home DepotHD19,9520,4419,9320,1620.4M
Walt Disney & Co.DIS17,7818,0117,2217,6919.6M
AltriaMO15,0715,8515,0715,7016.6M
Verizon CommunicationsVZ28,4928,6727,9227,9915.8M
Abbott LaboratoriesABT53,6454,8053,6454,4614.8M
ConocoPhillipsCOP42,6342,9341,5441,7914.2M
Bristol-Myers SquibbBMY21,1021,1320,4420,5114.2M
Procter & GamblePG51,5052,0551,0351,1313.5M
International Business MachinesIBM91,6992,1688,4588,9312.6M
Johnson & JohnsonJNJ56,4856,5055,6355,9312.2M
SchlumbergerSLB38,9639,7638,2938,5410.7M
ChevronCVX65,9967,7165,9966,6810.2M
UnitedHealth GroupUNH28,5829,3928,2828,6510.1M
AlphabetGOOGL357,50359,80341,41342,649.97M
Coca-ColaKO43,1143,7242,6843,309.91M
MerckMRK28,9329,0028,4628,539.86M
Union PacificUNP39,8540,9438,6539,239.83M
McDonald'sMCD55,9257,1155,3155,319.52M
VisaV56,9557,9055,4955,638.78M
PepsicoPEP51,2752,5551,0052,206.86M
AmazonAMZN62,8464,1861,6761,956.77M
AmgenAMGN57,8357,9756,9857,086.5M
Gilead SciencesGILD49,8450,1549,0449,046.24M
3MMMM46,5848,0446,5847,075.55M
United TechnologiesUTX45,2045,9344,6144,725.53M
BoeingBA38,2438,7037,4237,575.47M
Berkshire HathawayBRK.B2606,002677,002500,002516,5074.7K
Exchange Rates of February 19, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 94,170 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,258 CAD1 CAD = 0,795 USD
US DollarSwiss Franc1 USD = 1,173 CHF1 CHF = 0,852 USD
US DollarChinese Yuan1 USD = 6,836 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 119,370 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,886 GBP1 GBP = 1,129 EUR
EuroAustralian Dollar1 EUR = 1,968 AUD1 AUD = 0,508 EUR
EuroCanadian Dollar1 EUR = 1,594 CAD1 CAD = 0,627 EUR
EuroSwiss Franc1 EUR = 1,487 CHF1 CHF = 0,673 EUR
Japanese YenPound Sterling1 JPY = 0,742 GBP1 GBP = 1,347 JPY
Japanese YenAustralian Dollar1 JPY = 1,649 AUD1 AUD = 0,607 JPY
Japanese YenCanadian Dollar1 JPY = 1,335 CAD1 CAD = 0,749 JPY
Japanese YenSwiss Franc1 JPY = 1,246 CHF1 CHF = 0,803 JPY
Pound SterlingAustralian Dollar1 GBP = 2,220 AUD1 AUD = 0,451 GBP
Pound SterlingCanadian Dollar1 GBP = 1,798 CAD1 CAD = 0,556 GBP
Pound SterlingSwiss Franc1 GBP = 1,677 CHF1 CHF = 0,596 GBP
Australian DollarCanadian Dollar1 AUD = 0,810 CAD1 CAD = 1,235 AUD
Australian DollarSwiss Franc1 AUD = 0,755 CHF1 CHF = 1,324 AUD
Canadian DollarSwiss Franc1 CAD = 0,932 CHF1 CHF = 1,073 CAD
Canadian DollarChinese Yuan1 CAD = 5,432 CNY1 CNY = 0,184 CAD
Swiss FrancChinese Yuan1 CHF = 5,821 CNY1 CNY = 0,172 CHF

See what else happened on February 19, 2009