Financial news on August 22, 2008

Business and Financial news
Burdened by Mortgages, Lehman’s Options Narrow

As the stocks of Fannie Mae and Freddie Mac have plummeted, financial shares have taken a beating. But few have suffered as much as Lehman Brothers. Read more..

By JENNY ANDERSON - The New York Times

Oil Soars, Dollar Falls and Worries Stay

Oil jumped more than $5 a barrel and the dollar fell against the euro and the yen as raw material prices had one of their biggest bounces in weeks and financial stocks lingered in the red. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Seeking More Viewers, MSNBC Turns Left

With the promotion of Rachel Maddow, the Air America radio host, to a prime-time television spot this week, MSNBC cemented its identity as a channel for a liberal audience. Read more..

By BRIAN STELTER - The New York Times

Slump Could Mirror 1990s, British Regulator Says

Britain’s banks should be prepared to cope with an economic downturn and a housing market slump that could mirror the recession in the early 1990s, a regulator said. Read more..

By JULIA WERDIGIER - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 27.23 27.88 27.22 27.84 47.9M
Intel INTC 23.20 23.52 22.92 23.49 45.4M
Wells Fargo & Co. WFC 29.22 29.66 28.70 29.36 44.9M
JPMorgan Chase JPM 37.22 38.25 36.86 37.67 36M
General Electric GE 28.91 29.24 28.85 29.12 29.9M
Pfizer PFE 19.48 19.82 19.36 19.75 28.9M
Cisco Systems CSCO 24.38 24.82 24.28 24.71 28.2M
ExxonMobil XOM 80.00 80.70 79.15 80.30 19.7M
Oracle Corp. ORCL 22.52 22.82 22.39 22.70 18.3M
AT&T Inc. T 30.90 31.47 30.76 31.17 18.1M
Apple AAPL 175.82 177.50 175.57 176.79 15.7M
Comcast CMCSA 21.56 21.82 21.27 21.71 13.9M
HP Inc. HPQ 46.49 47.22 46.30 47.06 13.4M
Home Depot HD 26.69 27.15 26.58 27.11 13.3M
Wal-Mart Stores WMT 58.71 59.51 58.71 59.44 12.7M
Procter & Gamble PG 70.07 71.80 70.07 71.61 11.9M
ConocoPhillips COP 84.40 84.59 82.38 83.18 11.5M
Verizon Communications VZ 34.84 35.46 34.71 35.29 10.9M
Merck MRK 35.00 35.51 34.75 35.27 9.65M
Chevron CVX 87.68 88.78 87.25 88.10 8.57M
Walt Disney & Co. DIS 32.12 32.38 31.88 32.20 7.95M
Johnson & Johnson JNJ 71.05 71.68 70.82 71.42 7.72M
Coca-Cola KO 53.62 54.51 53.41 54.37 7.41M
Bristol-Myers Squibb BMY 22.05 22.47 21.90 22.34 7.2M
Abbott Laboratories ABT 58.14 58.92 58.01 58.48 7.08M
Amgen AMGN 64.20 64.23 63.50 64.01 6.77M
UnitedHealth Group UNH 30.46 30.72 30.11 30.61 6.67M
Altria MO 20.95 21.07 20.75 20.92 6.61M
International Business Machines IBM 123.30 125.35 122.80 124.93 5.99M
Schlumberger SLB 98.10 99.05 96.71 97.26 5.94M
McDonald's MCD 62.69 63.90 62.69 63.42 5.61M
Boeing BA 63.94 65.71 63.51 65.55 5.49M
Visa V 75.36 75.79 73.84 74.09 5.24M
Gilead Sciences GILD 54.42 54.93 53.83 54.31 4.93M
Union Pacific UNP 78.62 81.15 78.32 79.55 4.75M
Amazon AMZN 84.27 85.46 83.93 85.26 4.68M
Alphabet GOOGL 491.50 494.88 489.48 490.59 4.59M
United Technologies UTX 64.88 66.06 63.00 65.98 4.1M
Pepsico PEP 69.56 70.20 69.39 69.90 3.39M
3M MMM 70.91 72.71 70.54 72.28 3.06M
Berkshire Hathaway BRK.B 3845.00 3895.00 3845.00 3870.00 12.8K
Exchange Rates of August 22, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 110.090 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.047 CAD 1 CAD = 0.955 USD
US Dollar Swiss Franc 1 USD = 1.098 CHF 1 CHF = 0.910 USD
US Dollar Chinese Yuan 1 USD = 6.834 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 162.850 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.798 GBP 1 GBP = 1.253 EUR
Euro Australian Dollar 1 EUR = 1.708 AUD 1 AUD = 0.586 EUR
Euro Canadian Dollar 1 EUR = 1.548 CAD 1 CAD = 0.646 EUR
Euro Swiss Franc 1 EUR = 1.625 CHF 1 CHF = 0.615 EUR
Japanese Yen Pound Sterling 1 JPY = 0.490 GBP 1 GBP = 2.041 JPY
Japanese Yen Australian Dollar 1 JPY = 1.049 AUD 1 AUD = 0.954 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.950 CAD 1 CAD = 1.052 JPY
Japanese Yen Swiss Franc 1 JPY = 0.998 CHF 1 CHF = 1.003 JPY
Pound Sterling Australian Dollar 1 GBP = 2.141 AUD 1 AUD = 0.467 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.940 CAD 1 CAD = 0.516 GBP
Pound Sterling Swiss Franc 1 GBP = 2.035 CHF 1 CHF = 0.491 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.906 CAD 1 CAD = 1.104 AUD
Australian Dollar Swiss Franc 1 AUD = 0.950 CHF 1 CHF = 1.052 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.049 CHF 1 CHF = 0.953 CAD

See what else happened on August 22, 2008