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..


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

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC10.8211.408.8110.91373M
General ElectricGE9.719.848.989.38325M
JPMorgan ChaseJPM19.7121.0018.7519.90136M
Cisco SystemsCSCO14.9615.3414.8815.0859.4M
Oracle Corp.ORCL16.6416.7516.3416.5646.5M
AT&T Inc.T22.9423.9422.9023.5839.9M
Verizon CommunicationsVZ27.6229.0027.6228.8130.3M
Wal-Mart StoresWMT49.9850.6549.5350.0229.6M
Home DepotHD19.5920.2519.1719.4629.6M
HP Inc.HPQ30.8631.8430.6931.2426.1M
Johnson & JohnsonJNJ54.9455.4754.5554.6524.4M
Walt Disney & Co.DIS17.2017.8817.1317.5323M
Procter & GamblePG50.2451.3649.8050.2519.6M
Abbott LaboratoriesABT54.0054.6653.6054.0318.7M
UnitedHealth GroupUNH28.1328.5627.5427.9814.4M
Bristol-Myers SquibbBMY20.2420.6120.1120.3713.8M
International Business MachinesIBM88.0589.9087.3488.7912.4M
Gilead SciencesGILD49.1450.2448.5050.0011.3M
United TechnologiesUTX44.0344.7043.2843.998.53M
Union PacificUNP38.8540.8338.2240.036.49M
Berkshire HathawayBRK.B2500.002505.002241.002387.00176K
Exchange Rates of February 20, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.290 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.251 CAD1 CAD = 0.799 USD
US DollarSwiss Franc1 USD = 1.156 CHF1 CHF = 0.865 USD
US DollarChinese Yuan1 USD = 6.837 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 119.660 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.889 GBP1 GBP = 1.125 EUR
EuroAustralian Dollar1 EUR = 1.987 AUD1 AUD = 0.503 EUR
EuroCanadian Dollar1 EUR = 1.605 CAD1 CAD = 0.623 EUR
EuroSwiss Franc1 EUR = 1.483 CHF1 CHF = 0.674 EUR
EuroChinese Yuan1 EUR = 8.774 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.742 GBP1 GBP = 1.348 JPY
Japanese YenAustralian Dollar1 JPY = 1.659 AUD1 AUD = 0.603 JPY
Japanese YenCanadian Dollar1 JPY = 1.341 CAD1 CAD = 0.746 JPY
Japanese YenSwiss Franc1 JPY = 1.239 CHF1 CHF = 0.807 JPY
Pound SterlingAustralian Dollar1 GBP = 2.234 AUD1 AUD = 0.448 GBP
Pound SterlingCanadian Dollar1 GBP = 1.805 CAD1 CAD = 0.554 GBP
Pound SterlingSwiss Franc1 GBP = 1.667 CHF1 CHF = 0.600 GBP
Pound SterlingChinese Yuan1 GBP = 9.860 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.808 CAD1 CAD = 1.238 AUD
Australian DollarSwiss Franc1 AUD = 0.746 CHF1 CHF = 1.340 AUD
Australian DollarChinese Yuan1 AUD = 4.422 CNY1 CNY = 0.226 AUD
Canadian DollarSwiss Franc1 CAD = 0.923 CHF1 CHF = 1.084 CAD
Canadian DollarChinese Yuan1 CAD = 5.462 CNY1 CNY = 0.183 CAD
Swiss FrancChinese Yuan1 CHF = 5.919 CNY1 CNY = 0.169 CHF

See what else happened on February 20, 2009