Financial news on November 26, 2008

Business and Financial news
A Global Downturn Puts the Brakes on China’s Industry

The global downturn is reaching deep into the heart of the country’s once-rapid industrial transformation. Read more..

By DAVID BARBOZA - The New York Times

Beyond the Ivied Halls, Endowments Suffer

Some of the nation’s universities are trying to sell chunks of their portfolios privately as their endowments swoon with the markets. Read more..

By CLAIRE CAIN MILLER and GERALDINE FABRIKANT - The New York Times

Caravan of Auto Company Backers Hopes to Win Over Washington

Car dealers, parts makers, union leaders and others intend to tell lawmakers that the auto industry is vital to the economy. Read more..

By NICK BUNKLEY - The New York Times

Digital Sales Surpass CDs at Atlantic

Atlantic is the first major label to report getting a majority of its revenue from digital sales, not CDs. Read more..

By TIM ARANGO - The New York Times

Extreme Makeover at Morgan Stanley

The former investment bank, now a bank holding company, plots its future. Read more..

By LOUISE STORY - The New York Times

First Audit Said to Cite Some Snags With Bailout

The first audit of the $700 billion financial rescue plan is expected to be critical of the Treasury Department’s failure to set up ways to track how its bailout money is being used. Read more..

By DIANA B. HENRIQUES - The New York Times

Lawyer Is Sentenced in Wiretap Case

A lawyer for the billionaire Kirk Kerkorian was sentenced for hiring a private investigator to wiretap the phone of Mr. Kerkorian’s ex-wife. Read more..

By BLOOMBERG NEWS - The New York Times

Lending Needs a Comeback

As banks slam the brakes on lending, companies and consumers are slamming on the brakes, too. Read more..

By HUGO DIXON and JOHN FOLEY - The New York Times

Texas Hedge Fund Is Being Liquidated

Parkcentral Capital Management, an investment firm that manages money for the family of Ross Perot, is liquidating a fixed-income hedge fund because it is “no longer viable.” Read more..

By BLOOMBERG NEWS - The New York Times

To Buy Children’s Gifts, Mothers Do Without

Parents, especially mothers, are putting off personal spending to buy their children the latest toys. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.4416.2515.2016.1982.8M
MicrosoftMSFT19.7320.6819.7320.4979.7M
IntelINTC13.0413.9913.0113.9771.5M
Wells Fargo & Co.WFC26.3528.8025.8328.6556.6M
JPMorgan ChaseJPM28.7630.7528.1730.6255.6M
Cisco SystemsCSCO15.2016.4915.1716.3954.9M
Oracle Corp.ORCL15.6516.2515.6416.1453M
ExxonMobilXOM77.3881.0376.5880.8946.7M
PfizerPFE15.6316.1015.5016.0744.5M
AT&T Inc.T26.6428.6726.3928.3939.5M
AppleAAPL89.9295.2589.8595.0032.1M
Verizon CommunicationsVZ29.8232.8929.7032.5426.6M
Home DepotHD21.5523.7821.5523.5525.4M
Wal-Mart StoresWMT53.8156.7553.7056.6923.7M
HP Inc.HPQ33.3735.2533.0235.2122.1M
AltriaMO15.6915.9315.5015.8721.1M
ChevronCVX75.8680.0075.2779.9319.7M
ComcastCMCSA15.4516.6515.4216.6519.5M
Johnson & JohnsonJNJ57.6258.5056.5258.2718.5M
ConocoPhillipsCOP50.4854.9349.7354.6617.7M
Abbott LaboratoriesABT50.4351.4949.6051.3717M
Procter & GamblePG61.7763.1961.4063.1615.2M
Walt Disney & Co.DIS21.3022.7720.9422.5013.9M
AmazonAMZN40.8744.0040.2943.9613.4M
MerckMRK25.4026.3925.0026.3112.8M
AlphabetGOOGL280.28295.46276.20292.0912.7M
Bristol-Myers SquibbBMY20.2520.6719.9120.5711.9M
Coca-ColaKO44.2645.4543.7545.3810.7M
Gilead SciencesGILD44.0045.2543.4645.0510.2M
SchlumbergerSLB46.3250.2845.6750.1410.1M
UnitedHealth GroupUNH19.9321.1619.7220.989.61M
McDonald'sMCD55.6658.0555.3057.909.38M
United TechnologiesUTX46.1947.7745.7047.738.62M
International Business MachinesIBM79.5281.7978.6181.678.24M
PepsicoPEP53.8855.0352.5354.938.12M
VisaV48.8152.0048.2052.006.92M
AmgenAMGN54.1355.9054.1255.906.79M
3MMMM62.4566.0062.4065.916.4M
BoeingBA39.3541.3439.0241.286.26M
Union PacificUNP49.0351.6248.1250.745.79M
Berkshire HathawayBRK.B3110.003383.003100.003360.0050K
Exchange Rates of November 26, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 95.640 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.233 CAD1 CAD = 0.811 USD
US DollarSwiss Franc1 USD = 1.204 CHF1 CHF = 0.831 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 123.140 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.840 GBP1 GBP = 1.190 EUR
EuroAustralian Dollar1 EUR = 1.974 AUD1 AUD = 0.507 EUR
EuroCanadian Dollar1 EUR = 1.588 CAD1 CAD = 0.630 EUR
EuroSwiss Franc1 EUR = 1.550 CHF1 CHF = 0.645 EUR
EuroChinese Yuan1 EUR = 8.793 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.682 GBP1 GBP = 1.467 JPY
Japanese YenAustralian Dollar1 JPY = 1.602 AUD1 AUD = 0.624 JPY
Japanese YenCanadian Dollar1 JPY = 1.289 CAD1 CAD = 0.776 JPY
Japanese YenSwiss Franc1 JPY = 1.258 CHF1 CHF = 0.795 JPY
Pound SterlingAustralian Dollar1 GBP = 2.349 AUD1 AUD = 0.426 GBP
Pound SterlingCanadian Dollar1 GBP = 1.890 CAD1 CAD = 0.529 GBP
Pound SterlingSwiss Franc1 GBP = 1.845 CHF1 CHF = 0.542 GBP
Pound SterlingChinese Yuan1 GBP = 10.451 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 0.804 CAD1 CAD = 1.244 AUD
Australian DollarSwiss Franc1 AUD = 0.785 CHF1 CHF = 1.274 AUD
Australian DollarChinese Yuan1 AUD = 4.453 CNY1 CNY = 0.225 AUD
Canadian DollarSwiss Franc1 CAD = 0.975 CHF1 CHF = 1.025 CAD
Canadian DollarChinese Yuan1 CAD = 5.546 CNY1 CNY = 0.180 CAD
Swiss FrancChinese Yuan1 CHF = 5.667 CNY1 CNY = 0.176 CHF

See what else happened on November 26, 2008