Financial news on November 21st, 2008

Business and Financial news
Angelina Jolie’s Carefully Orchestrated Image

The actress pushed for favorable coverage while negotiating magazine rights to pictures of her new twins. Read more..

By BROOKS BARNES - The New York Times

Canada: Bank Chief Wants Bonus

The chief executive of Toronto-Dominion Bank, W. Edmund Clark, said he did not plan to follow the lead of executives at the Goldman Sachs Group and forgo his annual bonus. Read more..

By BLOOMBERG NEWS - The New York Times

Detroit’s Bid for Aid Fails — For Now

Democratic leaders in Congress gave auto industry leaders 12 days to come back with a plan showing that federal aid would be well-spent. Read more..

By DAVID M. HERSZENHORN - The New York Times

Detroit's Green Gamble

General Motors is banking on the Chevrolet Volt electric car to prove that it can deliver an environmentally friendly automobile. Read more..

Sean Patrick Farrell - The New York Times

Fields of Grain and Losses

Hard times are back on the American farmstead, as the price paid for crops is dropping much faster than the cost of growing them. Read more..

By DAVID STREITFELD - The New York Times

For European Airlines, Decline in Premium Ticket Sales Takes a Toll on Earnings

The worsening economy is squeezing Europe’s flag carriers, with dwindling sales of premium-class tickets starting to take their toll. Read more..


Looking to Washington Amid Turmoil, So Far in Vain

With the stock market plunging and the credit market freezing, cries are being heard for quick government intervention. Read more..

By FLOYD NORRIS - The New York Times

Oil Closes Below $50, Lowest Price Since May 2005

After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop. Read more..

By JAD MOUAWAD - The New York Times

Treasury to Support a Frozen Money Fund

In an unusual step, the Treasury Department said it was prepared to buy assets from a troubled money market mutual fund that has been frozen for more than two months. Read more..

By DIANA B. HENRIQUES - The New York Times

U.S. Agrees to Buy Student Loans to Ease Borrowing

The Education Department announced that it would buy up to $6.5 billion of federally guaranteed student loans made in the 2007-8 academic year as part of its effort to make sure loans are available. Read more..

By JONATHAN D. GLATER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
JPMorgan ChaseJPM23,7424,4219,6922,72194M
General ElectricGE13,5614,0612,8014,03172M
Wells Fargo & Co.WFC22,9223,5119,8921,76140M
Cisco SystemsCSCO14,8115,3014,2015,17104M
Oracle Corp.ORCL15,4416,4915,1016,3873.2M
AT&T Inc.T25,0525,3523,3225,1957.9M
Wal-Mart StoresWMT51,4053,0450,2052,9240.3M
HP Inc.HPQ32,5634,8232,3134,6438.5M
Home DepotHD18,8219,3417,4619,2938.4M
Abbott LaboratoriesABT50,6351,7048,2751,5237M
Verizon CommunicationsVZ27,4028,6426,2328,4735M
Procter & GamblePG60,0563,3358,2963,0934.2M
Johnson & JohnsonJNJ56,4858,5154,4958,3530.8M
Walt Disney & Co.DIS19,2421,1318,7821,1228.1M
Bristol-Myers SquibbBMY18,9219,3018,0719,1123.8M
International Business MachinesIBM72,7476,9869,5074,8819.8M
UnitedHealth GroupUNH16,7217,2015,1917,1517.7M
United TechnologiesUTX43,7847,0341,7646,6715.8M
Gilead SciencesGILD41,7443,3439,3741,4615.7M
Union PacificUNP50,3350,4043,7847,5013.2M
Berkshire HathawayBRK.B2680,002920,002605,002914,0093K
Exchange Rates of November 21st, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95,900 JPY1 JPY = 0,010 USD
US DollarCanadian Dollar1 USD = 1,270 CAD1 CAD = 0,787 USD
US DollarSwiss Franc1 USD = 1,223 CHF1 CHF = 0,818 USD
US DollarChinese Yuan1 USD = 6,831 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 120,670 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,844 GBP1 GBP = 1,186 EUR
EuroAustralian Dollar1 EUR = 1,992 AUD1 AUD = 0,502 EUR
EuroCanadian Dollar1 EUR = 1,596 CAD1 CAD = 0,627 EUR
EuroSwiss Franc1 EUR = 1,539 CHF1 CHF = 0,650 EUR
EuroChinese Yuan1 EUR = 8,599 CNY1 CNY = 0,116 EUR
Japanese YenPound Sterling1 JPY = 0,699 GBP1 GBP = 1,431 JPY
Japanese YenAustralian Dollar1 JPY = 1,649 AUD1 AUD = 0,607 JPY
Japanese YenCanadian Dollar1 JPY = 1,322 CAD1 CAD = 0,756 JPY
Japanese YenSwiss Franc1 JPY = 1,275 CHF1 CHF = 0,784 JPY
Pound SterlingAustralian Dollar1 GBP = 2,360 AUD1 AUD = 0,424 GBP
Pound SterlingCanadian Dollar1 GBP = 1,892 CAD1 CAD = 0,529 GBP
Pound SterlingSwiss Franc1 GBP = 1,825 CHF1 CHF = 0,548 GBP
Pound SterlingChinese Yuan1 GBP = 10,172 CNY1 CNY = 0,098 GBP
Australian DollarCanadian Dollar1 AUD = 0,801 CAD1 CAD = 1,248 AUD
Australian DollarSwiss Franc1 AUD = 0,773 CHF1 CHF = 1,294 AUD
Australian DollarChinese Yuan1 AUD = 4,309 CNY1 CNY = 0,232 AUD
Canadian DollarSwiss Franc1 CAD = 0,964 CHF1 CHF = 1,038 CAD
Canadian DollarChinese Yuan1 CAD = 5,376 CNY1 CNY = 0,186 CAD
Swiss FrancChinese Yuan1 CHF = 5,587 CNY1 CNY = 0,179 CHF

See what else happened on November 21st, 2008