Financial news on December 22nd, 2008

Business and Financial news
Accounts, People, Miscellany

Accounts. Read more..

By STUART ELLIOTT - The New York Times

Exports From Japan Fall at a Record Pace

Japanese exports plunged the most on record in November as demand for cars and electronics collapsed. Read more..

By BLOOMBERG NEWS - The New York Times

Firm Built on Madoff Ties Faces Tough Questions

Fairfield Greenwich Group took over $500 million in fees from money it placed with Bernard L. Madoff’s fund. Read more..


For Conservative Radio, It’s a New Dawn, Too

Talk radio hosts are back on offense, with some familiar names joining the airwaves as Barack Obama takes office. Read more..

By BRIAN STELTER - The New York Times

In Move to Digital TV, Confusion Is in the Air

When the switch is thrown to convert all TV transmissions in America to digital by the Feb. 17 deadline, millions of people may be left with no signal at all. Read more..

By ERIC A. TAUB - The New York Times

Ireland Props Up Three Banks and Takes Control of One

The government will inject 1.5 billion euros into Anglo Irish Bank, and the other two banks will each receive 2 billion euros. Read more..

By BLOOMBERG NEWS - The New York Times

One Man’s Vision for Newspapers’ Future, as Insulation

The Salvation Army is distributing 3,000 jackets insulated with shredded newspapers to homeless people in Canada this winter. Read more..

By IAN AUSTEN - The New York Times

People and Accounts of Note

Webdenda. Read more..

By THE NEW YORK TIMES - The New York Times

Time Cover Sure Looks a Lot Like a Campaign Image

The cover illustration was produced by Shepard Fairey, the street artist who created the prominent “Hope” image of the presidential candidate last winter. Read more..

By BRIAN STELTER - The New York Times

Uncertainty Grows Over Parent’s Role in Chrysler

Chrysler has not said how it plans to use the proceeds of federal loans, but its parent company has indicated it might just give away its 80 percent stake to the U.A.W. and other creditors. Read more..

By BILL VLASIC - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.5616.6315.7516.0772.5M
Wells Fargo & Co.WFC29.1129.3027.2827.4241.2M
Cisco SystemsCSCO16.6116.7115.9916.3738.8M
JPMorgan ChaseJPM30.6431.1929.5129.8236.4M
Oracle Corp.ORCL17.7917.7917.1717.5232.7M
AT&T Inc.T28.1428.6527.5328.1324.6M
Wal-Mart StoresWMT55.9956.5055.4855.9917M
Bristol-Myers SquibbBMY23.0023.2522.4422.9317M
Abbott LaboratoriesABT52.3952.9051.5452.7116.6M
Verizon CommunicationsVZ33.4233.9232.6333.4216.4M
Johnson & JohnsonJNJ59.1859.5458.0658.9314.2M
Home DepotHD24.0924.1323.1623.7213.2M
HP Inc.HPQ35.4535.4634.0434.7513.2M
Walt Disney & Co.DIS22.4122.5321.2821.9312.6M
Procter & GamblePG60.8960.8959.2560.4611.4M
Gilead SciencesGILD49.9750.3549.0750.308.51M
UnitedHealth GroupUNH26.4726.8225.0025.748.16M
United TechnologiesUTX50.6551.9149.9551.747.9M
International Business MachinesIBM83.2783.4580.3281.997.08M
Union PacificUNP46.5747.9545.9746.985.12M
Berkshire HathawayBRK.B3230.003250.003102.003199.0024K
Exchange Rates of December 22nd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.260 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.221 CAD1 CAD = 0.819 USD
US DollarSwiss Franc1 USD = 1.093 CHF1 CHF = 0.915 USD
US DollarChinese Yuan1 USD = 6.852 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 125.740 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.940 GBP1 GBP = 1.064 EUR
EuroAustralian Dollar1 EUR = 2.037 AUD1 AUD = 0.491 EUR
EuroCanadian Dollar1 EUR = 1.702 CAD1 CAD = 0.588 EUR
EuroSwiss Franc1 EUR = 1.525 CHF1 CHF = 0.656 EUR
EuroChinese Yuan1 EUR = 9.552 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.747 GBP1 GBP = 1.339 JPY
Japanese YenAustralian Dollar1 JPY = 1.619 AUD1 AUD = 0.618 JPY
Japanese YenCanadian Dollar1 JPY = 1.353 CAD1 CAD = 0.739 JPY
Japanese YenSwiss Franc1 JPY = 1.211 CHF1 CHF = 0.825 JPY
Pound SterlingAustralian Dollar1 GBP = 2.166 AUD1 AUD = 0.462 GBP
Pound SterlingCanadian Dollar1 GBP = 1.811 CAD1 CAD = 0.552 GBP
Pound SterlingSwiss Franc1 GBP = 1.621 CHF1 CHF = 0.617 GBP
Pound SterlingChinese Yuan1 GBP = 10.155 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.835 CAD1 CAD = 1.198 AUD
Australian DollarSwiss Franc1 AUD = 0.748 CHF1 CHF = 1.337 AUD
Australian DollarChinese Yuan1 AUD = 4.695 CNY1 CNY = 0.213 AUD
Canadian DollarSwiss Franc1 CAD = 0.895 CHF1 CHF = 1.117 CAD
Canadian DollarChinese Yuan1 CAD = 5.619 CNY1 CNY = 0.178 CAD
Swiss FrancChinese Yuan1 CHF = 6.264 CNY1 CNY = 0.160 CHF

See what else happened on December 22nd, 2008