Financial news on February 20, 2009

Business and Financial news
A Cup of Coffee, Enriched by Lifestyle

Though it represents about 5 percent of overall Nestlé sales, Nespresso is now the fastest growing among the company’s most important brands. Read more..

By MATTHEW SALTMARSH - The New York Times

Bernard Ashley, Who Operated Laura Ashley Line, Dies at 82

Mr. Ashley and his wife founded Laura Ashley, the international company that fashioned tasteful women’s clothing and an array of housewares. Read more..

By DENNIS HEVESI - The New York Times

Dow Industrials Plunge to a 6-Year Low

While stocks have been trading in a broad range over the last three months, analysts said that the indexes might be carving out a new, deeper trench. Read more..

By JACK HEALY - The New York Times

For Sprint Nextel, a Drop in Customers and Earnings

The company reported on Thursday that 1.3 million subscribers dropped its wireless service in the fourth quarter, contributing to a 14 percent decline in revenue. Read more..

By JENNA WORTHAM - The New York Times

Guilty Pleas in Inquiry Into Stryker’s Marketing

A Justice Department inquiry into the off-label use of human bone growth products has resulted in guilty pleas by former company sales representatives. Read more..

By BARRY MEIER - The New York Times

Lawmakers Seek to Return Right to Sue Device Makers

A Supreme Court decision in 2008 barred lawsuits against makers of medical devices approved by the F.D.A. Read more..

By BARRY MEIER - The New York Times

Marketers Soft-Pedal the Oscars This Year

Several sponsors from last year will bypass this show, and ad prices are estimated to be lower. Read more..

By STUART ELLIOTT - The New York Times

Stimulus Law Aids Small Business, but Benefits Are Not Easy to Find

Small entrepreneurs and their tax advisers must do some detective work to reap the full benefits of the recovery package. Read more..

By MICKEY MEECE - The New York Times

Times Co. Suspends Its Dividend to Raise Cash

The suspension will save the company $34.5 million a year and is another in a series of concessions to sharply lower newspaper revenue. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

U.S. Tries a Trillion-Dollar Key for Locked Lending

The Obama administration hopes to encourage new lending by effectively subsidizing the profits of firms that serve as bankers to the banks. Read more..

By VIKAS BAJAJ - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Wells Fargo & Co. WFC 10.82 11.40 8.81 10.91 373M
General Electric GE 9.71 9.84 8.98 9.38 325M
JPMorgan Chase JPM 19.71 21.00 18.75 19.90 136M
Intel INTC 12.54 13.02 12.53 12.78 73.6M
Microsoft MSFT 17.74 18.19 17.66 18.00 69.4M
Pfizer PFE 13.79 14.03 13.60 13.71 62.6M
Cisco Systems CSCO 14.96 15.34 14.88 15.08 59.4M
Oracle Corp. ORCL 16.64 16.75 16.34 16.56 46.5M
ExxonMobil XOM 70.94 72.22 70.21 71.23 42.8M
AT&T Inc. T 22.94 23.94 22.90 23.58 39.9M
Comcast CMCSA 12.91 13.15 12.58 12.84 30.3M
Verizon Communications VZ 27.62 29.00 27.62 28.81 30.3M
ConocoPhillips COP 40.99 40.99 38.97 39.44 29.9M
Wal-Mart Stores WMT 49.98 50.65 49.53 50.02 29.6M
Home Depot HD 19.59 20.25 19.17 19.46 29.6M
Apple AAPL 89.40 92.40 89.00 91.20 26.8M
HP Inc. HPQ 30.86 31.84 30.69 31.24 26.1M
Johnson & Johnson JNJ 54.94 55.47 54.55 54.65 24.4M
Walt Disney & Co. DIS 17.20 17.88 17.13 17.53 23M
Chevron CVX 65.48 66.21 63.73 65.07 19.9M
Procter & Gamble PG 50.24 51.36 49.80 50.25 19.6M
Schlumberger SLB 37.77 38.42 36.14 36.88 19M
Abbott Laboratories ABT 54.00 54.66 53.60 54.03 18.7M
Altria MO 14.89 15.61 14.89 15.46 18.2M
Merck MRK 28.10 28.52 27.79 28.10 17.7M
Coca-Cola KO 42.97 43.47 42.38 42.84 15.1M
UnitedHealth Group UNH 28.13 28.56 27.54 27.98 14.4M
Bristol-Myers Squibb BMY 20.24 20.61 20.11 20.37 13.8M
McDonald's MCD 54.88 55.23 54.05 54.57 13.5M
Alphabet GOOGL 338.05 348.92 335.00 346.45 12.4M
International Business Machines IBM 88.05 89.90 87.34 88.79 12.4M
Gilead Sciences GILD 49.14 50.24 48.50 50.00 11.3M
Visa V 54.65 56.09 54.50 55.66 10.7M
Boeing BA 36.73 37.20 35.32 36.31 10.6M
Amgen AMGN 56.81 57.55 55.99 56.69 10.3M
Pepsico PEP 51.53 52.05 50.97 51.45 9.9M
Amazon AMZN 61.07 64.15 60.84 63.86 9.35M
3M MMM 46.84 47.93 46.44 47.25 8.73M
United Technologies UTX 44.03 44.70 43.28 43.99 8.53M
Union Pacific UNP 38.85 40.83 38.22 40.03 6.49M
Berkshire Hathaway BRK.B 2500.00 2505.00 2241.00 2387.00 176K
Exchange Rates of February 20, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 93.290 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.251 CAD 1 CAD = 0.799 USD
US Dollar Swiss Franc 1 USD = 1.156 CHF 1 CHF = 0.865 USD
US Dollar Chinese Yuan 1 USD = 6.837 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 119.660 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.889 GBP 1 GBP = 1.125 EUR
Euro Australian Dollar 1 EUR = 1.987 AUD 1 AUD = 0.503 EUR
Euro Canadian Dollar 1 EUR = 1.605 CAD 1 CAD = 0.623 EUR
Euro Swiss Franc 1 EUR = 1.483 CHF 1 CHF = 0.674 EUR
Euro Chinese Yuan 1 EUR = 8.774 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.742 GBP 1 GBP = 1.348 JPY
Japanese Yen Australian Dollar 1 JPY = 1.659 AUD 1 AUD = 0.603 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.341 CAD 1 CAD = 0.746 JPY
Japanese Yen Swiss Franc 1 JPY = 1.239 CHF 1 CHF = 0.807 JPY
Pound Sterling Australian Dollar 1 GBP = 2.234 AUD 1 AUD = 0.448 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.805 CAD 1 CAD = 0.554 GBP
Pound Sterling Swiss Franc 1 GBP = 1.667 CHF 1 CHF = 0.600 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.860 CNY 1 CNY = 0.101 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.808 CAD 1 CAD = 1.238 AUD
Australian Dollar Swiss Franc 1 AUD = 0.746 CHF 1 CHF = 1.340 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.422 CNY 1 CNY = 0.226 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.923 CHF 1 CHF = 1.084 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.462 CNY 1 CNY = 0.183 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.919 CNY 1 CNY = 0.169 CHF

See what else happened on February 20, 2009