Financial news on October 20, 2008

Business and Financial news
Insiders’ Share Sales on Margin on the Rise

Executives can sometimes appear to own shares in a company, but have actually pledged them as collateral for a loan. Read more..

By REED ABELSON - The New York Times

Office Workers, Ivanka Trump Is Thinking of You

The daughter of Donald Trump has taken to blogging about saving money on lunch. Read more..

By STEPHANIE CLIFFORD - The New York Times

Spending on Gadgets Is Projected to Grow at a Slower Rate

The Consumer Electronics Association found a drop in the percentage of consumers expressing an intention to buy video games, cameras, music players and laptops. Read more..

By MATT RICHTEL - The New York Times

Too Many Banks ‘Too Big to Fail’

Policy makers need to start thinking about how to downsize institutions that are becoming “too big to fail” before the situation comes to that. Read more..

By BREAKINGVIEWS.COM - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 20.26 20.37 19.43 20.14 94.6M
Microsoft MSFT 24.20 24.75 23.01 24.72 93.5M
Intel INTC 15.50 16.11 15.44 16.04 74.1M
Cisco Systems CSCO 18.35 19.01 17.81 18.96 66.7M
Apple AAPL 99.78 100.03 93.64 98.44 55.3M
Pfizer PFE 17.25 17.49 16.86 17.34 54M
Wells Fargo & Co. WFC 32.73 33.00 31.10 32.23 52.1M
ExxonMobil XOM 70.37 75.00 69.74 74.99 44.9M
JPMorgan Chase JPM 40.01 40.70 38.80 40.66 44.7M
Oracle Corp. ORCL 17.36 18.16 17.10 18.16 42.6M
AT&T Inc. T 25.68 27.08 25.29 26.99 35.2M
Wal-Mart Stores WMT 54.65 54.69 52.38 54.43 28.4M
Merck MRK 29.26 31.31 28.63 31.00 27.2M
Bristol-Myers Squibb BMY 18.15 18.62 17.90 18.40 27.1M
ConocoPhillips COP 54.40 58.00 52.81 57.73 22.7M
Comcast CMCSA 15.28 15.97 15.22 15.97 22.5M
HP Inc. HPQ 40.30 41.27 39.10 41.01 21.7M
Abbott Laboratories ABT 55.92 57.99 55.37 57.55 19.8M
Altria MO 19.93 20.44 19.51 20.36 19.6M
Home Depot HD 20.47 21.00 20.11 20.78 18.4M
Chevron CVX 64.10 70.00 64.00 69.61 18.3M
Johnson & Johnson JNJ 63.44 64.53 62.15 64.44 18M
Verizon Communications VZ 27.61 29.04 27.22 28.99 16.6M
Procter & Gamble PG 62.54 64.12 61.10 63.91 16.6M
Schlumberger SLB 51.79 55.96 51.62 55.74 16.2M
Walt Disney & Co. DIS 24.96 26.55 24.59 26.55 14.1M
Coca-Cola KO 45.09 46.87 44.53 46.46 13.9M
Alphabet GOOGL 379.75 380.98 359.59 379.32 13.5M
Pepsico PEP 54.54 56.76 53.85 56.76 13.1M
United Technologies UTX 51.35 52.29 49.25 52.23 11M
Gilead Sciences GILD 43.03 46.57 42.94 46.49 10.8M
Amgen AMGN 50.55 53.45 50.33 53.35 10.2M
International Business Machines IBM 92.21 93.31 89.33 92.51 9.75M
UnitedHealth Group UNH 24.62 25.61 24.20 25.51 9.74M
Visa V 53.31 53.82 51.12 52.01 8.99M
McDonald's MCD 54.87 56.86 54.28 56.84 8.88M
Amazon AMZN 52.17 53.10 49.91 52.97 8.45M
Boeing BA 44.74 46.77 43.72 46.71 7.81M
3M MMM 57.67 57.67 55.00 57.51 6.67M
Union Pacific UNP 57.06 59.20 55.54 58.88 6.36M
Berkshire Hathaway BRK.B 4040.00 4132.00 4020.00 4129.00 39K
Exchange Rates of October 20, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 102.120 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.192 CAD 1 CAD = 0.839 USD
US Dollar Swiss Franc 1 USD = 1.150 CHF 1 CHF = 0.869 USD
US Dollar Chinese Yuan 1 USD = 6.830 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 136.080 JPY 1 JPY = 0.007 EUR
Euro Pound Sterling 1 EUR = 0.777 GBP 1 GBP = 1.287 EUR
Euro Australian Dollar 1 EUR = 1.895 AUD 1 AUD = 0.528 EUR
Euro Canadian Dollar 1 EUR = 1.590 CAD 1 CAD = 0.629 EUR
Euro Swiss Franc 1 EUR = 1.534 CHF 1 CHF = 0.652 EUR
Euro Chinese Yuan 1 EUR = 9.107 CNY 1 CNY = 0.110 EUR
Japanese Yen Pound Sterling 1 JPY = 0.571 GBP 1 GBP = 1.753 JPY
Japanese Yen Australian Dollar 1 JPY = 1.392 AUD 1 AUD = 0.719 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.167 CAD 1 CAD = 0.857 JPY
Japanese Yen Swiss Franc 1 JPY = 1.126 CHF 1 CHF = 0.888 JPY
Pound Sterling Australian Dollar 1 GBP = 2.438 AUD 1 AUD = 0.410 GBP
Pound Sterling Canadian Dollar 1 GBP = 2.045 CAD 1 CAD = 0.489 GBP
Pound Sterling Swiss Franc 1 GBP = 1.973 CHF 1 CHF = 0.507 GBP
Pound Sterling Chinese Yuan 1 GBP = 11.713 CNY 1 CNY = 0.085 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.838 CAD 1 CAD = 1.193 AUD
Australian Dollar Swiss Franc 1 AUD = 0.809 CHF 1 CHF = 1.236 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.806 CNY 1 CNY = 0.208 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.965 CHF 1 CHF = 1.037 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.727 CNY 1 CNY = 0.175 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.934 CNY 1 CNY = 0.169 CHF

See what else happened on October 20, 2008