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

Stock Ticker symbol Open High Low Close Volume
General Electric GE 12.69 13.19 11.87 12.03 326M
Microsoft MSFT 16.98 17.49 16.75 17.20 117M
Pfizer PFE 16.76 17.52 16.55 17.45 109M
Wells Fargo & Co. WFC 14.92 16.16 14.69 15.87 84.4M
JPMorgan Chase JPM 21.92 24.58 21.81 24.28 74.4M
Intel INTC 12.62 13.39 12.58 13.12 63.2M
Cisco Systems CSCO 15.04 16.02 15.00 15.89 56.6M
ExxonMobil XOM 76.40 78.80 75.78 78.04 46M
Oracle Corp. ORCL 16.43 17.02 16.39 16.78 34.4M
AT&T Inc. T 25.07 26.32 24.76 26.12 34.1M
Apple AAPL 86.81 89.87 86.50 88.36 27.3M
Comcast CMCSA 14.39 15.15 14.00 14.99 24.1M
Wal-Mart Stores WMT 48.09 48.60 48.00 48.35 23.1M
Schlumberger SLB 36.24 41.87 36.11 41.09 22M
Bristol-Myers Squibb BMY 22.25 22.64 21.87 22.39 21.5M
Alphabet GOOGL 309.28 331.96 304.22 324.70 21.4M
Johnson & Johnson JNJ 56.23 56.39 55.10 55.97 21.3M
Procter & Gamble PG 56.54 56.61 55.59 56.00 21.1M
Home Depot HD 21.38 21.98 21.30 21.72 20.9M
HP Inc. HPQ 34.85 36.68 34.55 35.79 19.2M
Abbott Laboratories ABT 52.46 53.08 52.00 52.81 17.8M
Verizon Communications VZ 29.77 30.76 29.27 30.44 16.3M
ConocoPhillips COP 46.86 48.97 46.50 48.18 15.7M
Coca-Cola KO 42.65 42.66 41.56 42.20 15.6M
Walt Disney & Co. DIS 20.43 20.97 19.98 20.61 15.4M
Altria MO 16.71 17.02 16.59 16.84 15.2M
Merck MRK 27.75 28.35 27.53 28.20 14.9M
UnitedHealth Group UNH 27.09 28.57 25.93 28.04 14.2M
Chevron CVX 68.40 71.11 68.18 70.82 13.4M
McDonald's MCD 57.24 58.72 56.75 58.02 10.3M
International Business Machines IBM 88.40 90.70 87.81 89.49 10.3M
Amgen AMGN 54.48 54.98 53.00 53.19 9.87M
Pepsico PEP 49.84 50.73 49.10 50.62 7.82M
Gilead Sciences GILD 48.21 48.70 47.80 48.25 6.48M
United Technologies UTX 47.45 48.15 46.94 47.41 6.22M
Union Pacific UNP 42.27 43.52 41.23 42.50 6.17M
Amazon AMZN 48.90 51.42 48.45 50.63 5.79M
Boeing BA 40.91 42.84 40.91 41.98 5.76M
3M MMM 53.01 53.67 52.31 52.90 5.68M
Visa V 42.69 44.45 41.78 44.32 5.65M
Berkshire Hathaway BRK.B 2889.00 2912.00 2841.00 2849.00 48.2K
Exchange Rates of January 23, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 88.720 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.230 CAD 1 CAD = 0.813 USD
US Dollar Swiss Franc 1 USD = 1.154 CHF 1 CHF = 0.866 USD
US Dollar Chinese Yuan 1 USD = 6.840 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 115.030 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.939 GBP 1 GBP = 1.065 EUR
Euro Australian Dollar 1 EUR = 1.982 AUD 1 AUD = 0.505 EUR
Euro Canadian Dollar 1 EUR = 1.595 CAD 1 CAD = 0.627 EUR
Euro Swiss Franc 1 EUR = 1.496 CHF 1 CHF = 0.668 EUR
Euro Chinese Yuan 1 EUR = 8.877 CNY 1 CNY = 0.113 EUR
Japanese Yen Pound Sterling 1 JPY = 0.816 GBP 1 GBP = 1.225 JPY
Japanese Yen Australian Dollar 1 JPY = 1.723 AUD 1 AUD = 0.580 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.386 CAD 1 CAD = 0.721 JPY
Japanese Yen Swiss Franc 1 JPY = 1.301 CHF 1 CHF = 0.769 JPY
Pound Sterling Australian Dollar 1 GBP = 2.110 AUD 1 AUD = 0.474 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.697 CAD 1 CAD = 0.589 GBP
Pound Sterling Swiss Franc 1 GBP = 1.593 CHF 1 CHF = 0.628 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.427 CNY 1 CNY = 0.106 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.804 CAD 1 CAD = 1.244 AUD
Australian Dollar Swiss Franc 1 AUD = 0.754 CHF 1 CHF = 1.326 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.470 CNY 1 CNY = 0.224 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.938 CHF 1 CHF = 1.066 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.556 CNY 1 CNY = 0.180 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.913 CNY 1 CNY = 0.169 CHF

See what else happened on January 23, 2009