Financial news on January 23, 2009

Business and Financial news
A History Lesson With Merrill Deal

History cautions against a traditional lender buying an investment bank. Maybe Bank of America thought it was different this time. Read more..

By ROB COX - The New York Times

Sales Decline by One-Third at A.M.D. as It Prepares to Spin Off Manufacturing

The results put additional pressure on Advanced Miro Devices, which has already lost money for eight consecutive quarters and has struggled against its bigger and stronger rival, Intel. Read more..

By LAURIE J. FLYNN - The New York Times

Sweden’s Fix for Banks: Nationalize Them

Sweden’s experience with reviving a failed banking system might provide a model for the United States. Read more..

By CARTER DOUGHERTY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE12.6913.1911.8712.03326M
MicrosoftMSFT16.9817.4916.7517.20117M
PfizerPFE16.7617.5216.5517.45109M
Wells Fargo & Co.WFC14.9216.1614.6915.8784.4M
JPMorgan ChaseJPM21.9224.5821.8124.2874.4M
IntelINTC12.6213.3912.5813.1263.2M
Cisco SystemsCSCO15.0416.0215.0015.8956.6M
ExxonMobilXOM76.4078.8075.7878.0446M
Oracle Corp.ORCL16.4317.0216.3916.7834.4M
AT&T Inc.T25.0726.3224.7626.1234.1M
AppleAAPL86.8189.8786.5088.3627.3M
ComcastCMCSA14.3915.1514.0014.9924.1M
Wal-Mart StoresWMT48.0948.6048.0048.3523.1M
SchlumbergerSLB36.2441.8736.1141.0922M
Bristol-Myers SquibbBMY22.2522.6421.8722.3921.5M
AlphabetGOOGL309.28331.96304.22324.7021.4M
Johnson & JohnsonJNJ56.2356.3955.1055.9721.3M
Procter & GamblePG56.5456.6155.5956.0021.1M
Home DepotHD21.3821.9821.3021.7220.9M
HP Inc.HPQ34.8536.6834.5535.7919.2M
Abbott LaboratoriesABT52.4653.0852.0052.8117.8M
Verizon CommunicationsVZ29.7730.7629.2730.4416.3M
ConocoPhillipsCOP46.8648.9746.5048.1815.7M
Coca-ColaKO42.6542.6641.5642.2015.6M
Walt Disney & Co.DIS20.4320.9719.9820.6115.4M
AltriaMO16.7117.0216.5916.8415.2M
MerckMRK27.7528.3527.5328.2014.9M
UnitedHealth GroupUNH27.0928.5725.9328.0414.2M
ChevronCVX68.4071.1168.1870.8213.4M
McDonald'sMCD57.2458.7256.7558.0210.3M
International Business MachinesIBM88.4090.7087.8189.4910.3M
AmgenAMGN54.4854.9853.0053.199.87M
PepsicoPEP49.8450.7349.1050.627.82M
Gilead SciencesGILD48.2148.7047.8048.256.48M
United TechnologiesUTX47.4548.1546.9447.416.22M
Union PacificUNP42.2743.5241.2342.506.17M
AmazonAMZN48.9051.4248.4550.635.79M
BoeingBA40.9142.8440.9141.985.76M
3MMMM53.0153.6752.3152.905.68M
VisaV42.6944.4541.7844.325.65M
Berkshire HathawayBRK.B2889.002912.002841.002849.0048.2K
Exchange Rates of January 23, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.720 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.230 CAD1 CAD = 0.813 USD
US DollarSwiss Franc1 USD = 1.154 CHF1 CHF = 0.866 USD
US DollarChinese Yuan1 USD = 6.840 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 115.030 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.939 GBP1 GBP = 1.065 EUR
EuroAustralian Dollar1 EUR = 1.982 AUD1 AUD = 0.505 EUR
EuroCanadian Dollar1 EUR = 1.595 CAD1 CAD = 0.627 EUR
EuroSwiss Franc1 EUR = 1.496 CHF1 CHF = 0.668 EUR
EuroChinese Yuan1 EUR = 8.877 CNY1 CNY = 0.113 EUR
Japanese YenPound Sterling1 JPY = 0.816 GBP1 GBP = 1.225 JPY
Japanese YenAustralian Dollar1 JPY = 1.723 AUD1 AUD = 0.580 JPY
Japanese YenCanadian Dollar1 JPY = 1.386 CAD1 CAD = 0.721 JPY
Japanese YenSwiss Franc1 JPY = 1.301 CHF1 CHF = 0.769 JPY
Pound SterlingAustralian Dollar1 GBP = 2.110 AUD1 AUD = 0.474 GBP
Pound SterlingCanadian Dollar1 GBP = 1.697 CAD1 CAD = 0.589 GBP
Pound SterlingSwiss Franc1 GBP = 1.593 CHF1 CHF = 0.628 GBP
Pound SterlingChinese Yuan1 GBP = 9.427 CNY1 CNY = 0.106 GBP
Australian DollarCanadian Dollar1 AUD = 0.804 CAD1 CAD = 1.244 AUD
Australian DollarSwiss Franc1 AUD = 0.754 CHF1 CHF = 1.326 AUD
Australian DollarChinese Yuan1 AUD = 4.470 CNY1 CNY = 0.224 AUD
Canadian DollarSwiss Franc1 CAD = 0.938 CHF1 CHF = 1.066 CAD
Canadian DollarChinese Yuan1 CAD = 5.556 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 5.913 CNY1 CNY = 0.169 CHF

See what else happened on January 23, 2009