Financial news on September 23, 2008

Business and Financial news
Anxious Investors Push Dow Down 372 Points

The Dow Jones industrial average fell more than 3 percent amid uncertainty about the government bailout plan and a sharp decline in the value of the dollar. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

At A.I.G., Maneuvers to Salvage Some Value

Major A.I.G. shareholders were scrambling to see if a better deal was possible than the anticipated restructuring under the Federal Reserve. Read more..

By MARY WILLIAMS WALSH - The New York Times

Bailout Talks Advance, but Doubts Voiced in Congress

Discussions with the Bush administration have addressed measures such as increased oversight and aid for homeowners at risk of foreclosure. Read more..

By DAVID M. HERSZENHORN - The New York Times

Eclipse Will Make Its Small Jets in Russia

Struggling recently with high costs and tight credit, the small twin-engine jet maker said it would begin manufacturing in Russia. Read more..

By MATTHEW L. WALD - The New York Times

Housing Experts Say Bailout Proposal May Do Little for Homeowners

Many mortgage experts say the government would have a difficult time modifying mortgages even if it were eager to do so. Read more..

By EDMUND L. ANDREWS - The New York Times

Microsoft, Hewlett-Packard and Nike Announce Buyback Plans for Shares

Microsoft said it would buy back $40 billion of its shares, H.P. would repurchase $8 billion in shares and Nike said it would take on $5 billion. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Red Roof Inns Teams Up With Country Music Artists

The budget lodging chain seeks to capitalize on the popularity of country music among its customers. Read more..

By STUART ELLIOTT - The New York Times

Short-Sell List Grows, and So Do Questions

Nearly all the major banks and large insurance companies are on the list of companies that regulators are protecting from short-sellers. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

This Season, Tense Times for Retailers

Not only are retailers grappling with a sputtering economy, but the credit crisis is making it harder for them to finance operations. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

With Google Phone, HTC Comes Out of the Shadows

For much of the past decade, the Taiwanese manufacturer operated in relative obscurity as a contract manufacturer for many carriers. Read more..

By MIGUEL HELFT and LAURA M. HOLSON - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Microsoft MSFT 25.66 26.17 25.34 25.44 92.2M
Intel INTC 18.64 19.21 18.50 18.63 64.7M
General Electric GE 25.36 25.64 24.66 24.95 64.1M
Pfizer PFE 18.20 18.50 18.01 18.01 61.2M
Cisco Systems CSCO 23.31 23.50 22.66 22.73 46.4M
Apple AAPL 131.85 135.80 126.66 126.84 45.7M
Oracle Corp. ORCL 19.82 20.55 19.64 19.69 42.1M
Wells Fargo & Co. WFC 35.05 36.59 34.03 34.17 32.7M
JPMorgan Chase JPM 40.55 42.18 40.06 40.56 32.4M
ExxonMobil XOM 78.57 80.50 77.58 77.69 27.9M
AT&T Inc. T 29.29 29.93 28.65 28.75 26.8M
Home Depot HD 25.67 26.25 25.15 25.26 22.4M
Wal-Mart Stores WMT 58.91 59.91 58.33 58.40 22.2M
Comcast CMCSA 19.95 20.25 19.14 19.26 21.4M
HP Inc. HPQ 47.53 48.46 46.65 46.88 19.6M
Abbott Laboratories ABT 57.47 59.18 57.47 58.51 19.1M
ConocoPhillips COP 77.32 78.53 73.94 74.58 18.5M
Merck MRK 31.47 32.00 30.69 30.75 17.6M
Verizon Communications VZ 32.06 32.40 30.91 31.05 15.9M
Bristol-Myers Squibb BMY 20.63 20.82 20.16 20.26 15.4M
Procter & Gamble PG 68.14 69.64 67.07 67.28 15.1M
Chevron CVX 87.16 88.39 84.89 85.46 14.6M
Johnson & Johnson JNJ 68.68 69.10 68.06 68.15 13.6M
Walt Disney & Co. DIS 32.88 33.32 32.15 32.53 13.5M
Coca-Cola KO 51.43 52.34 50.57 50.68 12.8M
Altria MO 20.10 20.43 19.78 19.78 12.2M
Schlumberger SLB 89.37 90.21 85.85 86.22 12.2M
McDonald's MCD 62.63 64.50 61.31 61.78 11.5M
Visa V 65.85 67.47 64.11 66.90 11M
Alphabet GOOGL 433.25 440.79 425.72 429.27 10.4M
Union Pacific UNP 74.97 76.49 72.70 73.73 9.46M
Gilead Sciences GILD 45.15 45.71 44.49 44.69 8.88M
Amazon AMZN 75.79 76.29 70.77 71.76 8.59M
International Business Machines IBM 116.21 118.17 114.14 115.36 8.01M
Amgen AMGN 57.76 59.48 57.57 57.57 7.78M
Pepsico PEP 71.14 72.33 70.57 70.75 7.29M
Boeing BA 58.91 60.39 57.19 57.31 6.63M
United Technologies UTX 61.70 62.47 59.96 60.15 6.57M
UnitedHealth Group UNH 26.27 27.50 25.24 26.00 6.47M
3M MMM 70.77 71.03 69.00 69.00 5.79M
Berkshire Hathaway BRK.B 4250.00 4355.00 4227.00 4300.00 21.7K
Exchange Rates of September 23, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 105.800 JPY 1 JPY = 0.009 USD
US Dollar Canadian Dollar 1 USD = 1.038 CAD 1 CAD = 0.964 USD
US Dollar Chinese Yuan 1 USD = 6.812 CNY 1 CNY = 0.147 USD
Euro Japanese Yen 1 EUR = 155.180 JPY 1 JPY = 0.006 EUR
Euro Pound Sterling 1 EUR = 0.791 GBP 1 GBP = 1.264 EUR
Euro Australian Dollar 1 EUR = 1.759 AUD 1 AUD = 0.568 EUR
Euro Canadian Dollar 1 EUR = 1.522 CAD 1 CAD = 0.657 EUR
Euro Swiss Franc 1 EUR = 1.593 CHF 1 CHF = 0.628 EUR
Euro Chinese Yuan 1 EUR = 9.980 CNY 1 CNY = 0.100 EUR
Pound Sterling Australian Dollar 1 GBP = 2.222 AUD 1 AUD = 0.450 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.923 CAD 1 CAD = 0.520 GBP
Pound Sterling Swiss Franc 1 GBP = 2.012 CHF 1 CHF = 0.497 GBP
Pound Sterling Chinese Yuan 1 GBP = 12.603 CNY 1 CNY = 0.079 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.865 CAD 1 CAD = 1.156 AUD
Australian Dollar Swiss Franc 1 AUD = 0.905 CHF 1 CHF = 1.105 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.663 CNY 1 CNY = 0.177 AUD
Canadian Dollar Swiss Franc 1 CAD = 1.046 CHF 1 CHF = 0.956 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.560 CNY 1 CNY = 0.152 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.265 CNY 1 CNY = 0.160 CHF

See what else happened on September 23, 2008