Financial news on December 26, 2008

Business and Financial news
After a Season of Cutting, Stores Sweeten Discounts

Analysts say consumers expecting even better deals after Christmas will not be disappointed, though they should expect more “bundling” from retailers. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Businesses See Opportunity in Empowering Women

Corporations like Goldman Sachs have begun to take more seriously the economic power of women, especially in emerging markets. Read more..

By ELIZABETH OLSON - The New York Times

China’s Financial Industry Recruits Abroad

Chinese institutions are taking advantage of the downturn and focusing on the newly unemployed to upgrade their own staffs. Read more..

By JIMMY WANG - The New York Times

Europe Examines Competition for Utilities in France

Électricité de France said it had been notified by the European Union’s competition authority of objections to the company’s long-term contracts in France. Read more..

By BLOOMBERG NEWS - The New York Times

French Unions Losing Influence in Downturn

Unions in France have been tamed by Nicolas Sarkozy, the president, and the economic crisis. Read more..

By KATRIN BENNHOLD - The New York Times

Ignominious Seven From 2008

Seven tales of financial wheezes people thought were a good idea during the preceding bull market. Read more..

By JOHN FOLEY - The New York Times

Infant Formula Company Is Declared Bankrupt

The Sanlu Group, the Chinese dairy company closed in September after it sold contaminated infant formula, has been declared bankrupt by a Chinese court. Read more..

By BLOOMBERG NEWS - The New York Times

Qualifying Tests for Chinese Financial Workers

In response to the global financial crisis, China has increased the number of qualification tests for workers in the financial sector. Read more..

By KEITH BRADSHER - The New York Times

Royal Philips Sheds Old Businesses for New Directions

The Dutch industrial giant is moving away from home electronics and toward the next generation of light bulbs and hospital scanning and monitoring equipment. Read more..

By ERIC A. TAUB - The New York Times

Solar Meets Polar as Winter Curbs Clean Energy

Many alternative energy sources like wind turbines and solar panels experience problems in cold weather. Read more..

By KATE GALBRAITH - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.05 16.13 15.78 15.97 29.7M
Microsoft MSFT 19.20 19.33 19.09 19.13 23.1M
ExxonMobil XOM 76.04 77.40 76.04 77.19 17M
Cisco Systems CSCO 16.36 16.42 16.09 16.27 15.2M
Pfizer PFE 17.07 17.17 16.97 17.10 14.9M
Intel INTC 14.21 14.31 14.06 14.18 14.8M
JPMorgan Chase JPM 30.05 30.26 29.25 29.80 12.6M
Wells Fargo & Co. WFC 27.57 27.86 27.15 27.51 12.4M
Apple AAPL 86.64 87.42 85.24 85.81 11M
Oracle Corp. ORCL 17.40 17.46 17.26 17.43 9.5M
Altria MO 15.00 15.10 14.94 15.06 8.34M
AT&T Inc. T 27.98 28.13 27.78 27.94 8.2M
Comcast CMCSA 15.52 15.69 15.28 15.60 7.17M
Amazon AMZN 53.79 53.95 51.55 51.78 6.85M
Chevron CVX 69.92 70.59 69.46 70.35 6.76M
ConocoPhillips COP 48.28 48.89 47.90 48.59 6.75M
Wal-Mart Stores WMT 55.70 55.74 55.20 55.35 6.37M
Bristol-Myers Squibb BMY 23.37 23.40 23.00 23.10 5.4M
Verizon Communications VZ 32.96 33.30 32.88 33.19 5.19M
Coca-Cola KO 44.41 44.93 44.27 44.58 4.81M
HP Inc. HPQ 34.71 35.12 34.71 34.97 4.48M
Home Depot HD 23.61 24.00 23.41 23.56 4.46M
Procter & Gamble PG 60.60 61.00 60.09 60.53 4.46M
Schlumberger SLB 38.49 39.50 38.26 39.47 4.38M
Johnson & Johnson JNJ 58.84 59.34 58.20 58.56 4.25M
Abbott Laboratories ABT 52.81 52.93 52.19 52.51 4.03M
Alphabet GOOGL 304.07 305.26 298.31 300.36 3.91M
Merck MRK 29.40 29.50 28.75 29.00 3.85M
International Business Machines IBM 80.93 81.80 80.55 81.33 3.1M
Walt Disney & Co. DIS 22.29 22.42 21.96 22.18 3.07M
Pepsico PEP 54.69 55.12 54.27 54.56 2.86M
Boeing BA 39.76 40.69 39.76 40.53 2.8M
Gilead Sciences GILD 50.36 50.51 49.73 50.01 2.63M
McDonald's MCD 61.50 61.57 60.83 61.06 2.41M
UnitedHealth Group UNH 26.08 26.48 25.99 26.30 2.11M
United Technologies UTX 51.22 51.52 50.61 51.13 1.98M
3M MMM 55.55 56.11 55.51 55.74 1.63M
Visa V 52.78 53.46 51.93 53.25 1.62M
Amgen AMGN 57.25 57.80 56.91 57.36 1.54M
Union Pacific UNP 46.33 46.98 46.17 46.97 1.4M
Berkshire Hathaway BRK.B 3112.00 3142.00 3080.00 3113.00 10.4K
Exchange Rates of December 26, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.750 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.221 CAD 1 CAD = 0.819 USD
US Dollar Swiss Franc 1 USD = 1.070 CHF 1 CHF = 0.934 USD
US Dollar Chinese Yuan 1 USD = 6.842 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 127.300 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.960 GBP 1 GBP = 1.041 EUR
Euro Australian Dollar 1 EUR = 2.051 AUD 1 AUD = 0.488 EUR
Euro Canadian Dollar 1 EUR = 1.713 CAD 1 CAD = 0.584 EUR
Euro Swiss Franc 1 EUR = 1.501 CHF 1 CHF = 0.666 EUR
Euro Chinese Yuan 1 EUR = 9.594 CNY 1 CNY = 0.104 EUR
Japanese Yen Pound Sterling 1 JPY = 0.754 GBP 1 GBP = 1.326 JPY
Japanese Yen Australian Dollar 1 JPY = 1.609 AUD 1 AUD = 0.622 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.345 CAD 1 CAD = 0.743 JPY
Japanese Yen Swiss Franc 1 JPY = 1.179 CHF 1 CHF = 0.848 JPY
Pound Sterling Australian Dollar 1 GBP = 2.134 AUD 1 AUD = 0.469 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.783 CAD 1 CAD = 0.561 GBP
Pound Sterling Swiss Franc 1 GBP = 1.563 CHF 1 CHF = 0.640 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.974 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.835 CAD 1 CAD = 1.197 AUD
Australian Dollar Swiss Franc 1 AUD = 0.732 CHF 1 CHF = 1.366 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.686 CNY 1 CNY = 0.213 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.876 CHF 1 CHF = 1.142 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.598 CNY 1 CNY = 0.179 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.389 CNY 1 CNY = 0.157 CHF

See what else happened on December 26, 2008