Financial news on December 23rd, 2008

Business and Financial news
About Financial Planners: What You Need to Know

If you’ve landed here, it means you’ve realized that you might need some professional advice in handling your financial affairs. Read more..

By RON LIEBER - The New York Times

Car Slump Jolts Toyota, Halting 70 Years of Gain

The grim forecast from Toyota is the latest sign of the global auto industry’s slowdown after years of profits and expansion. Read more..

By BILL VLASIC and MARTIN FACKLER - The New York Times

For Craft Sales, the Recession Is a Help

A boom in sales of crafts and related supplies contrasts with poor results for traditional retailers, like electronics retailers and department stores. Read more..

By CLAIRE CAIN MILLER - The New York Times

Indonesia Plans Stimulus

Though less vulnerable today that during the Asian financial crisis of the 1990s, Indonesia is planning a stimulus package to endure the global recession. Read more..

By KEITH BRADSHER - The New York Times

Internet Portal in China Buys Share of Ad Firm

The Sina Corporation, one of China’s biggest Internet portals, said it would acquire a large piece of Focus Media for about $1 billion in stock. Read more..

By DAVID BARBOZA - The New York Times

Old-Line Magazine Sweepstakes Company Gets Digital

Seeking a new direction, Publishers Clearing House will be looking for contestants on Twitter and iPhones to play games from slots to trivia. Read more..

By STEPHANIE CLIFFORD - The New York Times

On Tour With Twisted Sister, Missing His Couch

Jay Jay of the rock group Twisted Sister talks about an unforgettable European tour 20 years ago. Read more..

By JOHN FRENCH - The New York Times

Polar Route Saves Fuel, but Did Santa Clear It?

With a route tracking near the North Pole, the Emirates Airline’s San Francisco to Dubai flight saved about 2,000 gallons of carbon-emitting fuel. Read more..

By JOE SHARKEY - The New York Times

Wall Street Closes Lower as Toyota Foresees Loss

Wall Street markets fell sharply after Toyota said it expected to post its first operating loss in more than 70 years. Read more..

By JACK HEALY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.2716.5016.1816.4365.1M
MicrosoftMSFT19.2819.5719.0119.2847.5M
IntelINTC14.4414.4914.0214.0733.8M
ExxonMobilXOM75.5076.3674.5275.1032.7M
PfizerPFE17.3417.4017.0017.0332.3M
Cisco SystemsCSCO16.4216.6516.0716.2430.4M
Wells Fargo & Co.WFC27.9628.0926.9926.9928.1M
JPMorgan ChaseJPM30.2330.4029.1129.1126.9M
Oracle Corp.ORCL17.5317.7617.0817.3026.6M
AppleAAPL86.8787.8785.9086.3822.7M
AT&T Inc.T28.2728.5527.6127.7221.6M
MerckMRK29.3630.2229.1929.4118.4M
ComcastCMCSA15.8416.0115.4115.5316.2M
AltriaMO14.7614.9214.6314.7215.5M
ConocoPhillipsCOP49.8650.2648.3048.4615.2M
Abbott LaboratoriesABT53.1553.2852.3852.4614.6M
ChevronCVX70.1070.7968.8569.2014.2M
Bristol-Myers SquibbBMY23.1723.7523.1423.2314.1M
Home DepotHD23.5923.9923.4923.6213.6M
Verizon CommunicationsVZ33.5633.7932.6732.7913.4M
Wal-Mart StoresWMT56.1556.4055.1755.2912.9M
SchlumbergerSLB39.8340.0037.6237.7411.7M
Procter & GamblePG60.5761.0059.6759.8310.6M
Johnson & JohnsonJNJ59.1959.9458.5858.6810.6M
HP Inc.HPQ35.0235.4334.3634.5510.4M
Coca-ColaKO44.7345.1343.8643.9710.1M
Walt Disney & Co.DIS22.1822.5021.7621.859.38M
Gilead SciencesGILD50.1351.1949.8050.009.21M
AlphabetGOOGL300.43303.31296.67298.027.55M
International Business MachinesIBM82.3582.8180.1380.606.37M
PepsicoPEP53.7755.2453.6654.176.25M
UnitedHealth GroupUNH25.9326.6025.7225.985.89M
United TechnologiesUTX52.0052.3650.3950.625.87M
AmazonAMZN50.1251.6150.1251.085.85M
BoeingBA41.2541.5039.8340.155.27M
AmgenAMGN57.5658.6657.1557.374.87M
Union PacificUNP47.2847.4845.7646.343.29M
3MMMM56.7157.5055.3155.443.29M
VisaV53.5254.4053.1253.652.67M
McDonald'sMCD61.6162.1460.5160.652.25M
Berkshire HathawayBRK.B3165.003180.003048.003143.0023.4K
Exchange Rates of December 23rd, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.960 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.219 CAD1 CAD = 0.820 USD
US DollarSwiss Franc1 USD = 1.088 CHF1 CHF = 0.919 USD
US DollarChinese Yuan1 USD = 6.849 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 126.700 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.945 GBP1 GBP = 1.058 EUR
EuroAustralian Dollar1 EUR = 2.046 AUD1 AUD = 0.489 EUR
EuroCanadian Dollar1 EUR = 1.697 CAD1 CAD = 0.589 EUR
EuroSwiss Franc1 EUR = 1.516 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 9.544 CNY1 CNY = 0.105 EUR
Japanese YenPound Sterling1 JPY = 0.746 GBP1 GBP = 1.340 JPY
Japanese YenAustralian Dollar1 JPY = 1.615 AUD1 AUD = 0.619 JPY
Japanese YenCanadian Dollar1 JPY = 1.340 CAD1 CAD = 0.746 JPY
Japanese YenSwiss Franc1 JPY = 1.197 CHF1 CHF = 0.836 JPY
Pound SterlingAustralian Dollar1 GBP = 2.165 AUD1 AUD = 0.462 GBP
Pound SterlingCanadian Dollar1 GBP = 1.795 CAD1 CAD = 0.557 GBP
Pound SterlingSwiss Franc1 GBP = 1.602 CHF1 CHF = 0.624 GBP
Pound SterlingChinese Yuan1 GBP = 10.075 CNY1 CNY = 0.099 GBP
Australian DollarCanadian Dollar1 AUD = 0.829 CAD1 CAD = 1.206 AUD
Australian DollarSwiss Franc1 AUD = 0.740 CHF1 CHF = 1.352 AUD
Australian DollarChinese Yuan1 AUD = 4.668 CNY1 CNY = 0.214 AUD
Canadian DollarSwiss Franc1 CAD = 0.891 CHF1 CHF = 1.122 CAD
Canadian DollarChinese Yuan1 CAD = 5.629 CNY1 CNY = 0.178 CAD
Swiss FrancChinese Yuan1 CHF = 6.291 CNY1 CNY = 0.159 CHF

See what else happened on December 23rd, 2008