Financial news on November 25th, 2008

Business and Financial news
A Chatterer’s Guide to Easing Anxiety

An advocate for corporate social responsibility finds a way to make his constant air travel meaningful. Read more..

By TIM SANDERS - The New York Times

Angry Shareholders Vent Over Barclays’ Investment Plan

Shareholders lashed out at bank management for its plan to raise $10.5 billion, mostly from Middle Eastern investors, who will receive preferred stock in return. Read more..

By LANDON THOMAS Jr - The New York Times

Bank Industry Analysts Fall Prey to the Shrinkage

Analysts, once prominent within the industry, are joining a growing pool of bankers and traders losing their jobs before bonus times, with few job prospects on the horizon. Read more..

By LOUISE STORY - The New York Times

Book Publisher Suspends New Acquisitions

Houghton Mifflin Harcourt, which has undergone staff layoffs and other turbulences, has temporarily suspended acquisitions of new manuscripts. Read more..

By MOTOKO RICH - The New York Times

Buffett to Offer Details on Derivatives

With shares of Berkshire Hathaway down 36 percent since Oct. 1, Warren E. Buffett said he would shed some light on his investments in the company’s next annual report. Read more..

By MICHAEL J. de la MERCED - The New York Times

European Leaders Looking for Common Ground in an Economic Crisis

President Nicolas Sarkozy of France and Chancellor Angela Merkel of Germany rule out cutting the sales tax, but found little other common ground in talks in Paris. Read more..


H.P. Unit Sheds Stepchild Status to Take on Cisco

Hewlett-Packard is attacking Cisco to capture a larger chunk of the $20 billion market for local area network and wireless switches. Read more..

By ASHLEE VANCE - The New York Times

Markets Surge for a Second Day; Dow Up Nearly 400

A rescue plan for Citigroup turned into a boon for Wall Street. The Dow rose nearly 400 points, and the S.&P. was up 6.47 percent. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Redstone Weighs Sale of Theaters

In order to stave off dismantling his media empire, Sumner M. Redstone, the controlling shareholder of Viacom and CBS, may sell his movie-theater chain. Read more..

By TIM ARANGO - The New York Times

Where Was Geithner in Turmoil?

The experience that Timothy F. Geithner, former head of the N.Y. Fed and current nominee for Treasury secretary, brings to the table can be looked at as an asset or a liability. Read more..

By ANDREW ROSS SORKIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.9416.0815.0915.77122M
JPMorgan ChaseJPM29.6330.7128.5029.77105M
Cisco SystemsCSCO16.4916.4915.2815.4282.9M
Wells Fargo & Co.WFC26.9828.4123.8126.9578.4M
Oracle Corp.ORCL16.8416.8515.7215.9873.4M
AT&T Inc.T27.6327.9025.5827.2943.2M
HP Inc.HPQ35.5835.6232.8833.6037.6M
Abbott LaboratoriesABT51.4052.2550.2551.2233M
Home DepotHD21.6322.4521.2022.2531.6M
Wal-Mart StoresWMT53.7555.1553.3554.6827.4M
Procter & GamblePG64.5465.4551.2863.1822.8M
Verizon CommunicationsVZ30.2531.0029.6330.5822.3M
Johnson & JohnsonJNJ59.9960.0057.4658.7021.4M
Walt Disney & Co.DIS22.3022.6821.3022.0320.3M
Bristol-Myers SquibbBMY20.4020.9020.2120.5718M
Gilead SciencesGILD43.5944.7542.5144.1413.6M
UnitedHealth GroupUNH19.5920.9919.4520.7313.4M
United TechnologiesUTX50.0050.0046.5947.1312.9M
International Business MachinesIBM81.3782.4078.2280.6512.5M
Union PacificUNP49.1750.1447.3050.0211.5M
Berkshire HathawayBRK.B3010.003240.003007.003214.0053.7K
Exchange Rates of November 25th, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.280 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.224 CAD1 CAD = 0.817 USD
US DollarSwiss Franc1 USD = 1.183 CHF1 CHF = 0.845 USD
US DollarChinese Yuan1 USD = 6.823 CNY1 CNY = 0.147 USD
EuroJapanese Yen1 EUR = 124.420 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.844 GBP1 GBP = 1.185 EUR
EuroAustralian Dollar1 EUR = 2.010 AUD1 AUD = 0.497 EUR
EuroCanadian Dollar1 EUR = 1.600 CAD1 CAD = 0.625 EUR
EuroSwiss Franc1 EUR = 1.546 CHF1 CHF = 0.647 EUR
EuroChinese Yuan1 EUR = 8.916 CNY1 CNY = 0.112 EUR
Japanese YenPound Sterling1 JPY = 0.678 GBP1 GBP = 1.475 JPY
Japanese YenAustralian Dollar1 JPY = 1.616 AUD1 AUD = 0.619 JPY
Japanese YenCanadian Dollar1 JPY = 1.285 CAD1 CAD = 0.778 JPY
Japanese YenSwiss Franc1 JPY = 1.243 CHF1 CHF = 0.805 JPY
Pound SterlingAustralian Dollar1 GBP = 2.380 AUD1 AUD = 0.420 GBP
Pound SterlingCanadian Dollar1 GBP = 1.895 CAD1 CAD = 0.528 GBP
Pound SterlingSwiss Franc1 GBP = 1.831 CHF1 CHF = 0.546 GBP
Pound SterlingChinese Yuan1 GBP = 10.544 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.795 CAD1 CAD = 1.257 AUD
Australian DollarSwiss Franc1 AUD = 0.768 CHF1 CHF = 1.302 AUD
Australian DollarChinese Yuan1 AUD = 4.434 CNY1 CNY = 0.226 AUD
Canadian DollarSwiss Franc1 CAD = 0.966 CHF1 CHF = 1.036 CAD
Canadian DollarChinese Yuan1 CAD = 5.573 CNY1 CNY = 0.179 CAD
Swiss FrancChinese Yuan1 CHF = 5.765 CNY1 CNY = 0.173 CHF

See what else happened on November 25th, 2008