Financial news on October 21, 2008

Business and Financial news
China Plans to Bolster Its Slowing Economy

China has begun drafting policies to stimulate the economy after slow growth in the third quarter. Read more..

By KEITH BRADSHER - The New York Times

Fed Chairman Endorses New Round of Stimulus

The chairman of the Federal Reserve told Congress that he supported a round of additional spending measures. Read more..

By EDMUND L. ANDREWS - The New York Times

In Finance, Japan Sees an Opening

As the global financial order convulses, some Japanese leaders believe the country should take a more active role in economic leadership. Read more..

By MARTIN FACKLER - The New York Times

One Day After a Bailout, ING Sells Taiwanese Unit

The sale of the life insurance unit to a Taiwan financial services company comes after the Dutch government said that it would inject about $13.4 billion into ING. Read more..

By DAVID JOLLY - The New York Times

Signs of Easing Credit and Stimulus Talk Lift Wall Street

Amid signs that credit was beginning to flow more easily, investors sent the Dow up 413 points. The S.&P. gained 4.8 percent. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Sun Microsystems Expects Quarterly Loss

Sun Microsystems, the server and software maker, swung to a loss in its first quarter, dragging the results below Wall Street’s forecast. Read more..

By ASHLEE VANCE - The New York Times

The Credit Squeeze Compresses Travel, Too

Airlines have cut capacity and are trying to keep prices up so they can operate profitably at sustained oil prices of $80 to $100 a barrel. Read more..

By JOE SHARKEY - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 19,93 21,03 19,90 20,35 103M
Microsoft MSFT 24,30 25,01 23,27 23,36 100M
Intel INTC 15,71 15,89 15,21 15,25 78.7M
Apple AAPL 96,95 97,90 91,16 91,49 78.3M
Cisco Systems CSCO 18,70 18,89 17,75 17,86 75.1M
Pfizer PFE 17,67 17,95 17,32 17,34 71.2M
Wells Fargo & Co. WFC 31,58 34,00 31,54 32,64 52.9M
Oracle Corp. ORCL 17,90 18,41 17,59 17,69 46.9M
ExxonMobil XOM 72,45 74,33 69,21 71,50 43.8M
JPMorgan Chase JPM 39,92 41,27 39,60 39,74 41.8M
AT&T Inc. T 26,78 27,17 25,42 25,73 32.9M
HP Inc. HPQ 40,21 40,70 37,87 38,05 28M
ConocoPhillips COP 55,83 57,20 53,80 53,96 22M
Bristol-Myers Squibb BMY 18,33 18,90 18,25 18,46 21.3M
Comcast CMCSA 15,74 16,15 15,30 15,36 20.3M
Wal-Mart Stores WMT 54,18 55,50 53,56 53,67 19.4M
Altria MO 19,78 20,19 19,25 19,38 18.7M
Chevron CVX 67,64 69,38 65,00 66,80 17.5M
Abbott Laboratories ABT 57,72 57,85 55,77 55,99 16.7M
Verizon Communications VZ 28,51 29,19 27,81 28,01 15.4M
Home Depot HD 20,50 21,46 20,31 20,52 15.1M
Walt Disney & Co. DIS 26,15 26,18 25,09 25,31 14.7M
Schlumberger SLB 54,07 56,61 52,88 53,78 14.6M
Merck MRK 30,38 31,44 29,84 29,97 14.2M
Johnson & Johnson JNJ 63,71 64,90 63,37 63,66 14M
UnitedHealth Group UNH 25,14 25,99 25,00 25,25 13.4M
Procter & Gamble PG 63,47 64,29 62,64 62,96 12.7M
Alphabet GOOGL 372,39 383,78 362,00 362,75 11.6M
Coca-Cola KO 46,36 47,13 46,00 46,03 11M
McDonald's MCD 56,40 57,92 54,76 55,13 10.8M
Gilead Sciences GILD 46,43 47,09 45,72 46,02 10.8M
3M MMM 60,15 61,91 59,07 60,04 10.7M
International Business Machines IBM 92,22 92,46 88,57 88,86 9.72M
Pepsico PEP 55,99 56,63 54,70 55,00 9.08M
Amazon AMZN 51,86 52,95 49,92 50,23 8.67M
Amgen AMGN 52,44 54,79 51,95 52,33 8.63M
Boeing BA 46,32 47,69 45,53 46,40 7.36M
United Technologies UTX 51,20 52,29 50,41 50,95 7.27M
Visa V 51,35 53,07 50,29 50,70 7.25M
Union Pacific UNP 57,78 61,12 57,40 58,42 5.46M
Berkshire Hathaway BRK.B 4128,00 4178,00 4030,00 4060,00 32.3K
Exchange Rates of October 21, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 100,360 JPY 1 JPY = 0,010 USD
US Dollar Canadian Dollar 1 USD = 1,213 CAD 1 CAD = 0,824 USD
US Dollar Swiss Franc 1 USD = 1,152 CHF 1 CHF = 0,868 USD
US Dollar Chinese Yuan 1 USD = 6,834 CNY 1 CNY = 0,146 USD
Euro Japanese Yen 1 EUR = 131,010 JPY 1 JPY = 0,008 EUR
Euro Pound Sterling 1 EUR = 0,782 GBP 1 GBP = 1,279 EUR
Euro Australian Dollar 1 EUR = 1,932 AUD 1 AUD = 0,518 EUR
Euro Canadian Dollar 1 EUR = 1,583 CAD 1 CAD = 0,632 EUR
Euro Swiss Franc 1 EUR = 1,504 CHF 1 CHF = 0,665 EUR
Euro Chinese Yuan 1 EUR = 8,928 CNY 1 CNY = 0,112 EUR
Japanese Yen Pound Sterling 1 JPY = 0,597 GBP 1 GBP = 1,676 JPY
Japanese Yen Australian Dollar 1 JPY = 1,474 AUD 1 AUD = 0,678 JPY
Japanese Yen Canadian Dollar 1 JPY = 1,208 CAD 1 CAD = 0,828 JPY
Japanese Yen Swiss Franc 1 JPY = 1,148 CHF 1 CHF = 0,871 JPY
Pound Sterling Australian Dollar 1 GBP = 2,470 AUD 1 AUD = 0,405 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,025 CAD 1 CAD = 0,494 GBP
Pound Sterling Swiss Franc 1 GBP = 1,924 CHF 1 CHF = 0,520 GBP
Pound Sterling Chinese Yuan 1 GBP = 11,409 CNY 1 CNY = 0,088 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,820 CAD 1 CAD = 1,220 AUD
Australian Dollar Swiss Franc 1 AUD = 0,779 CHF 1 CHF = 1,284 AUD
Australian Dollar Chinese Yuan 1 AUD = 4,632 CNY 1 CNY = 0,216 AUD
Canadian Dollar Swiss Franc 1 CAD = 0,950 CHF 1 CHF = 1,053 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5,634 CNY 1 CNY = 0,177 CAD
Swiss Franc Chinese Yuan 1 CHF = 5,930 CNY 1 CNY = 0,169 CHF

See what else happened on October 21, 2008