Financial news on November 28, 2008

Business and Financial news
Colleges Are Not Going Hungry, but Are in Need

Against the real likelihood of financial doom for so many people, what precisely do we owe our alma maters at a time like this? Read more..

By RON LIEBER - The New York Times

Copper’s Every Dip Is Felt in Arizona

Demand for copper revived Arizona’s mining towns but the cooling economy is undoing some of that. Read more..

By JOHN COLLINS RUDOLF - The New York Times

G.M. Seeks to Keep the Public From Tracking Its Plane

The automaker drew criticism for using a corporate jet while seeking a federal bailout. Read more..

By BLOOMBERG NEWS - The New York Times

Investment Funds Push an Environmental Agenda

Investing with the idea of improving the environmental actions of corporations is catching on among some big pension funds. Read more..

By ELISABETH ROSENTHAL - The New York Times

Mile of London Tunnels for Sale, History Included

After years of lying unused, a historic tunnel complex built in 1940 can be bought for $7.4 million. Read more..

By JULIA WERDIGIER - The New York Times

Stocks Are Higher in Europe and Asia

Stocks rose in Europe and Asia, following Wall Street’s lead and a deep cut in Chinese interest rates. Read more..

By DAVID JOLLY and BETTINA WASSENER - The New York Times

The Prestigious Design of Ferrari’s Factory

Ferrari is highlighting a brand and underscoring a claim to luxury style through the innovation of a factory design. Read more..

By JOHN TAGLIABUE - The New York Times

UBS Finds Limited Tax Fraud Involving Wealthy Americans

An inquiry by the Swiss banking giant is looking at fraud cases involving American clients. Read more..

By JULIA WERDIGIER - The New York Times

Why Time Stands Still for Watchmakers

In ad campaigns, most wristwatches are frozen with their hands at 10 and 2, to “frame the brand and logo.” Read more..

By ANDREW ADAM NEWMAN - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
General Electric GE 16.37 17.19 16.20 17.17 59M
Microsoft MSFT 20.23 20.31 20.02 20.22 28.7M
Wells Fargo & Co. WFC 28.37 29.01 27.52 28.89 28.1M
Intel INTC 13.79 14.03 13.68 13.80 26M
JPMorgan Chase JPM 30.36 31.93 30.13 31.66 22.8M
Cisco Systems CSCO 16.33 16.55 16.16 16.54 22.3M
Pfizer PFE 16.02 16.46 15.79 16.43 21.1M
Oracle Corp. ORCL 16.10 16.15 15.75 16.09 19.9M
ExxonMobil XOM 79.86 80.44 79.20 80.15 19.6M
AT&T Inc. T 28.19 28.72 28.10 28.56 16M
Apple AAPL 94.70 94.76 91.86 92.67 10.6M
Altria MO 15.84 16.08 15.63 16.08 10.4M
Home Depot HD 23.41 23.79 22.73 23.11 10.3M
ConocoPhillips COP 52.52 53.47 51.30 52.52 10.2M
Comcast CMCSA 16.65 17.40 16.30 17.34 9.15M
Wal-Mart Stores WMT 56.58 57.00 55.51 55.88 9.07M
Chevron CVX 78.25 79.25 76.93 79.01 8.65M
Verizon Communications VZ 32.49 33.00 32.14 32.65 8.13M
Bristol-Myers Squibb BMY 20.44 20.77 20.15 20.70 7.97M
Procter & Gamble PG 63.04 64.55 63.04 64.35 7.77M
Johnson & Johnson JNJ 58.47 58.76 57.63 58.58 7.69M
Walt Disney & Co. DIS 22.42 22.54 21.82 22.52 7.58M
HP Inc. HPQ 34.83 35.35 34.55 35.28 7.39M
Abbott Laboratories ABT 51.05 52.67 50.50 52.39 7.1M
Coca-Cola KO 45.20 46.91 45.20 46.87 6.28M
Merck MRK 25.68 26.72 25.64 26.72 5.92M
Alphabet GOOGL 290.58 296.45 288.28 292.96 5.13M
Schlumberger SLB 49.35 51.00 48.60 50.74 4.87M
United Technologies UTX 47.56 48.70 47.56 48.53 3.98M
McDonald's MCD 57.63 58.98 57.06 58.75 3.92M
International Business Machines IBM 81.00 81.90 80.10 81.60 3.91M
UnitedHealth Group UNH 20.81 21.38 20.75 21.01 3.55M
Pepsico PEP 55.18 56.81 55.01 56.70 3.53M
Amazon AMZN 44.03 44.10 42.22 42.70 3.48M
3M MMM 65.18 67.00 64.20 66.93 3.21M
Union Pacific UNP 50.51 51.99 49.16 50.04 3.06M
Visa V 51.71 52.74 51.17 52.56 2.65M
Boeing BA 41.17 42.80 41.10 42.63 2.61M
Gilead Sciences GILD 44.75 45.00 44.04 44.79 2.5M
Amgen AMGN 55.41 55.99 55.10 55.54 2.5M
Berkshire Hathaway BRK.B 3320.00 3499.00 3271.00 3499.00 24.1K
Exchange Rates of November 28, 2008
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 95.480 JPY 1 JPY = 0.010 USD
US Dollar Canadian Dollar 1 USD = 1.238 CAD 1 CAD = 0.808 USD
US Dollar Swiss Franc 1 USD = 1.213 CHF 1 CHF = 0.824 USD
US Dollar Chinese Yuan 1 USD = 6.826 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 121.200 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.825 GBP 1 GBP = 1.212 EUR
Euro Australian Dollar 1 EUR = 1.939 AUD 1 AUD = 0.516 EUR
Euro Canadian Dollar 1 EUR = 1.573 CAD 1 CAD = 0.636 EUR
Euro Swiss Franc 1 EUR = 1.540 CHF 1 CHF = 0.649 EUR
Euro Chinese Yuan 1 EUR = 8.663 CNY 1 CNY = 0.115 EUR
Japanese Yen Pound Sterling 1 JPY = 0.681 GBP 1 GBP = 1.469 JPY
Japanese Yen Australian Dollar 1 JPY = 1.598 AUD 1 AUD = 0.626 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.296 CAD 1 CAD = 0.772 JPY
Japanese Yen Swiss Franc 1 JPY = 1.270 CHF 1 CHF = 0.787 JPY
Pound Sterling Australian Dollar 1 GBP = 2.348 AUD 1 AUD = 0.426 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.904 CAD 1 CAD = 0.525 GBP
Pound Sterling Swiss Franc 1 GBP = 1.866 CHF 1 CHF = 0.536 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.481 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.811 CAD 1 CAD = 1.233 AUD
Australian Dollar Swiss Franc 1 AUD = 0.794 CHF 1 CHF = 1.260 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.469 CNY 1 CNY = 0.224 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.979 CHF 1 CHF = 1.022 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.512 CNY 1 CNY = 0.181 CAD
Swiss Franc Chinese Yuan 1 CHF = 5.620 CNY 1 CNY = 0.178 CHF

See what else happened on November 28, 2008