Financial news on December 25, 2008

Business and Financial news
A Sleek Media Player With a Hint of Mystery

With a streamlined curved design, Cowon’s S9 media player is loaded with features. Read more..

By AZADEH ENSHA - The New York Times

Bread of Life, Baked in Rhode Island

One company makes about 80 percent of the altar bread used by American churches. Read more..

By KATIE ZEZIMA - The New York Times

Fed Approves GMAC Request to Become a Bank

The change in status makes the company eligible for bailout money and emergency loans directly from the Federal Reserve. Read more..

By ERIC DASH and VIKAS BAJAJ - The New York Times

Market for Corporate Jets Goes Into Free-Fall

Seven months ago, the very rich were lining up for the ultimate status symbol, but that was another era. Read more..

By GERALDINE FABRIKANT - The New York Times

Markets Climb Slightly Despite Weak Reports

Tumbling gasoline prices gave consumers more purchasing power and led to a rise in real consumer spending last month, the government reported. Read more..

By JACK HEALY - The New York Times

Once Trusted Mortgage Pioneers, Now Scrutinized

Herbert and Marion Sandler, long viewed as model citizens of the mortgage industry, have been swept into the debate over who is to blame. Read more..

By MICHAEL MOSS and GERALDINE FABRIKANT - The New York Times

Tilt the iPod Dock, Not Your Head, for Widescreen Video

The i-Station25 from Logic3 works upright for space-saving audio use and on its side for more expansive widescreen viewing. Read more..

By AZADEH ENSHA - The New York Times

Timely Twists on Holiday Films

After the financial troubles of 2008, we have imagined how five of the most popular holiday classics might be storyboarded to reflect the credit crisis. Read more..

By JEFFREY GOLDFARB - The New York Times

Tip of the Week: Shopping for a New Digital Camera

Wading through technical specifications when shopping for a new digital camera during year-end sales can be overwhelming. Read more..

By J. D. BIERSDORFER - The New York Times

Tribune Asks Approval to Make Pension Contributions

The publisher of The Los Angeles Times and The Chicago Tribune asked a judge for approval to pay prebankruptcy and future contributions to union pension plans. Read more..

By BLOOMBERG NEWS - The New York Times

Exchange Rates of December 25, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.330 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.217 CAD 1 CAD = 0.822 USD
US Dollar Swiss Franc 1 USD = 1.078 CHF 1 CHF = 0.928 USD
US Dollar Chinese Yuan 1 USD = 6.832 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 126.790 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.923 GBP 1 GBP = 1.083 EUR
Euro Australian Dollar 1 EUR = 2.054 AUD 1 AUD = 0.487 EUR
Euro Canadian Dollar 1 EUR = 1.705 CAD 1 CAD = 0.587 EUR
Euro Swiss Franc 1 EUR = 1.511 CHF 1 CHF = 0.662 EUR
Euro Chinese Yuan 1 EUR = 9.576 CNY 1 CNY = 0.104 EUR
Japanese Yen Pound Sterling 1 JPY = 0.755 GBP 1 GBP = 1.325 JPY
Japanese Yen Australian Dollar 1 JPY = 1.620 AUD 1 AUD = 0.617 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.346 CAD 1 CAD = 0.743 JPY
Japanese Yen Swiss Franc 1 JPY = 1.194 CHF 1 CHF = 0.838 JPY
Pound Sterling Australian Dollar 1 GBP = 2.155 AUD 1 AUD = 0.464 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.788 CAD 1 CAD = 0.559 GBP
Pound Sterling Swiss Franc 1 GBP = 1.581 CHF 1 CHF = 0.632 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.370 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.830 CAD 1 CAD = 1.205 AUD
Australian Dollar Swiss Franc 1 AUD = 0.736 CHF 1 CHF = 1.359 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.668 CNY 1 CNY = 0.214 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.886 CHF 1 CHF = 1.129 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.615 CNY 1 CNY = 0.178 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.329 CNY 1 CNY = 0.158 CHF

See what else happened on December 25, 2008