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

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.6626.1725.3425.4492.2M
IntelINTC18.6419.2118.5018.6364.7M
General ElectricGE25.3625.6424.6624.9564.1M
PfizerPFE18.2018.5018.0118.0161.2M
Cisco SystemsCSCO23.3123.5022.6622.7346.4M
AppleAAPL131.85135.80126.66126.8445.7M
Oracle Corp.ORCL19.8220.5519.6419.6942.1M
Wells Fargo & Co.WFC35.0536.5934.0334.1732.7M
JPMorgan ChaseJPM40.5542.1840.0640.5632.4M
ExxonMobilXOM78.5780.5077.5877.6927.9M
AT&T Inc.T29.2929.9328.6528.7526.8M
Home DepotHD25.6726.2525.1525.2622.4M
Wal-Mart StoresWMT58.9159.9158.3358.4022.2M
ComcastCMCSA19.9520.2519.1419.2621.4M
HP Inc.HPQ47.5348.4646.6546.8819.6M
Abbott LaboratoriesABT57.4759.1857.4758.5119.1M
ConocoPhillipsCOP77.3278.5373.9474.5818.5M
MerckMRK31.4732.0030.6930.7517.6M
Verizon CommunicationsVZ32.0632.4030.9131.0515.9M
Bristol-Myers SquibbBMY20.6320.8220.1620.2615.4M
Procter & GamblePG68.1469.6467.0767.2815.1M
ChevronCVX87.1688.3984.8985.4614.6M
Johnson & JohnsonJNJ68.6869.1068.0668.1513.6M
Walt Disney & Co.DIS32.8833.3232.1532.5313.5M
Coca-ColaKO51.4352.3450.5750.6812.8M
AltriaMO20.1020.4319.7819.7812.2M
SchlumbergerSLB89.3790.2185.8586.2212.2M
McDonald'sMCD62.6364.5061.3161.7811.5M
VisaV65.8567.4764.1166.9011M
AlphabetGOOGL433.25440.79425.72429.2710.4M
Union PacificUNP74.9776.4972.7073.739.46M
Gilead SciencesGILD45.1545.7144.4944.698.88M
AmazonAMZN75.7976.2970.7771.768.59M
International Business MachinesIBM116.21118.17114.14115.368.01M
AmgenAMGN57.7659.4857.5757.577.78M
PepsicoPEP71.1472.3370.5770.757.29M
BoeingBA58.9160.3957.1957.316.63M
United TechnologiesUTX61.7062.4759.9660.156.57M
UnitedHealth GroupUNH26.2727.5025.2426.006.47M
3MMMM70.7771.0369.0069.005.79M
Berkshire HathawayBRK.B4250.004355.004227.004300.0021.7K
Exchange Rates of September 23, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105.800 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.038 CAD1 CAD = 0.964 USD
US DollarChinese Yuan1 USD = 6.812 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 155.180 JPY1 JPY = 0.006 EUR
EuroPound Sterling1 EUR = 0.791 GBP1 GBP = 1.264 EUR
EuroAustralian Dollar1 EUR = 1.759 AUD1 AUD = 0.568 EUR
EuroCanadian Dollar1 EUR = 1.522 CAD1 CAD = 0.657 EUR
EuroSwiss Franc1 EUR = 1.593 CHF1 CHF = 0.628 EUR
EuroChinese Yuan1 EUR = 9.980 CNY1 CNY = 0.100 EUR
Pound SterlingAustralian Dollar1 GBP = 2.222 AUD1 AUD = 0.450 GBP
Pound SterlingCanadian Dollar1 GBP = 1.923 CAD1 CAD = 0.520 GBP
Pound SterlingSwiss Franc1 GBP = 2.012 CHF1 CHF = 0.497 GBP
Pound SterlingChinese Yuan1 GBP = 12.603 CNY1 CNY = 0.079 GBP
Australian DollarCanadian Dollar1 AUD = 0.865 CAD1 CAD = 1.156 AUD
Australian DollarSwiss Franc1 AUD = 0.905 CHF1 CHF = 1.105 AUD
Australian DollarChinese Yuan1 AUD = 5.663 CNY1 CNY = 0.177 AUD
Canadian DollarSwiss Franc1 CAD = 1.046 CHF1 CHF = 0.956 CAD
Canadian DollarChinese Yuan1 CAD = 6.560 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.265 CNY1 CNY = 0.160 CHF

See what else happened on September 23, 2008