Financial news on December 30, 2008

Business and Financial news
A South Korean Carmaker Seeks State Aid

Ssangyong Motor Company and its Chinese majority shareholder, SAIC Motor Corporation, are seeking help from the South Korean government to stave off a collapse of the ailing automaker. Read more..

By CHOE SANG-HUN and BETTINA WASSENER - The New York Times

As the U.S. Buys Less, Germany Suffers

The United States, with its credit-driven economy, has long ensured that others, notably China, Germany and Japan, have been able to pile up trade surpluses. Now that dynamic has shifted. Read more..

By CARTER DOUGHERTY - The New York Times

Hong Kong: Exports Decline 5.3%

Hong Kong’s exports fell for the first time in five months in November, worsening the outlook for an economy already in recession. Read more..

By BLOOMBERG NEWS - The New York Times

Internet Use Grows at Meetings, as Do Challenges

Hotels, conference centers and event organizers struggle to provide enough Net access for corporate clients. Read more..

By MARTHA C. WHITE - The New York Times

Madoff Case Faces Crucial Disclosure Deadline

From Wednesday, the federal court in Manhattan will be the forum for three important issues affecting investors caught in the scandal surrounding Bernard L. Madoff. Read more..

By DIANA B. HENRIQUES - The New York Times

New Focus on Behavior as Airport Security Evolves

Frequent travelers say that the security checkpoint experience at airports has greatly improved in recent years. Read more..

By JOE SHARKEY - The New York Times

No Mug? Drug Makers Cut Out Goodies for Doctors

The pharmaceutical industry has agreed to a voluntary moratorium on branded promotional items. Read more..

By NATASHA SINGER - The New York Times

Parent Company, a Retailer, Files for Bankruptcy

The Parent Company, an Internet retailer of children’s products, apparently became the first well-known retailer to file for Chapter 11 protection after Christmas. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Shares Fall on Concerns About Mideast

Stocks fell in light trading and oil prices settled above $40 a barrel as Israeli forces continued their offensive in Gaza, raising fears about the global oil supply. Read more..

By JACK HEALY - The New York Times

TV Retains Marketing Dollars in Hard Times

Even in a recession, TV networks still have the power to provide advertisers with mass audiences. Read more..

By JOHN CONSOLI - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15,8015,8515,5515,8258.4M
MicrosoftMSFT19,0119,4919,0019,3443.2M
PfizerPFE17,4117,8117,3317,7538M
IntelINTC14,3214,8014,3114,6937.1M
AppleAAPL87,4288,0584,7286,2934.6M
Cisco SystemsCSCO16,0416,2515,9416,2331.1M
JPMorgan ChaseJPM29,8931,0529,8831,0129.8M
Wells Fargo & Co.WFC27,8128,8027,6128,8028.6M
ExxonMobilXOM78,0279,2077,5878,5925.1M
Oracle Corp.ORCL17,3517,8617,2517,8324.5M
AT&T Inc.T27,9028,2327,4728,2320.6M
Bristol-Myers SquibbBMY22,6722,8922,3922,8715.4M
AltriaMO15,2115,3415,0915,3315.2M
Home DepotHD23,5023,6922,6923,1114.9M
ComcastCMCSA15,2816,4815,2816,4614.6M
Wal-Mart StoresWMT55,2455,4054,3355,0514M
Verizon CommunicationsVZ33,3733,4532,6833,2313.5M
ConocoPhillipsCOP49,1451,5648,8051,4512.2M
Walt Disney & Co.DIS21,4822,5021,3822,4811.1M
MerckMRK28,6629,6628,6629,6011M
Johnson & JohnsonJNJ58,4859,1758,2759,1710.9M
HP Inc.HPQ35,7436,2635,2936,1910.8M
Abbott LaboratoriesABT52,5053,2652,4653,1610.7M
Procter & GamblePG60,5061,4760,4261,1210M
ChevronCVX71,5073,4971,2573,3810M
SchlumbergerSLB41,0942,1540,1442,128.83M
Coca-ColaKO44,6245,1444,5444,938M
AlphabetGOOGL300,80306,81298,71303,117.68M
Gilead SciencesGILD50,2951,4250,2551,336.69M
AmazonAMZN49,5151,2148,7450,766.6M
UnitedHealth GroupUNH25,8227,1125,7627,045.89M
McDonald'sMCD60,8761,7560,4061,745.8M
International Business MachinesIBM81,8383,6481,5283,555.77M
PepsicoPEP54,1155,0254,0954,885.01M
United TechnologiesUTX51,7853,1451,4353,044.83M
BoeingBA40,0841,3439,8141,254.55M
AmgenAMGN57,0057,6656,8257,594.3M
VisaV52,2052,2050,2750,994.27M
3MMMM55,5657,2755,2257,173.78M
Union PacificUNP45,9946,8945,4146,813.17M
Berkshire HathawayBRK.B3105,003134,003010,003056,0038.2K
Exchange Rates of December 30, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90,280 JPY1 JPY = 0,011 USD
US DollarCanadian Dollar1 USD = 1,218 CAD1 CAD = 0,821 USD
US DollarSwiss Franc1 USD = 1,060 CHF1 CHF = 0,943 USD
US DollarChinese Yuan1 USD = 6,831 CNY1 CNY = 0,146 USD
EuroJapanese Yen1 EUR = 126,900 JPY1 JPY = 0,008 EUR
EuroPound Sterling1 EUR = 0,976 GBP1 GBP = 1,025 EUR
EuroAustralian Dollar1 EUR = 2,032 AUD1 AUD = 0,492 EUR
EuroCanadian Dollar1 EUR = 1,711 CAD1 CAD = 0,584 EUR
EuroSwiss Franc1 EUR = 1,490 CHF1 CHF = 0,671 EUR
EuroChinese Yuan1 EUR = 9,613 CNY1 CNY = 0,104 EUR
Japanese YenPound Sterling1 JPY = 0,768 GBP1 GBP = 1,302 JPY
Japanese YenAustralian Dollar1 JPY = 1,600 AUD1 AUD = 0,625 JPY
Japanese YenCanadian Dollar1 JPY = 1,348 CAD1 CAD = 0,742 JPY
Japanese YenSwiss Franc1 JPY = 1,174 CHF1 CHF = 0,852 JPY
Pound SterlingAustralian Dollar1 GBP = 2,082 AUD1 AUD = 0,480 GBP
Pound SterlingCanadian Dollar1 GBP = 1,754 CAD1 CAD = 0,570 GBP
Pound SterlingSwiss Franc1 GBP = 1,527 CHF1 CHF = 0,655 GBP
Pound SterlingChinese Yuan1 GBP = 9,834 CNY1 CNY = 0,102 GBP
Australian DollarCanadian Dollar1 AUD = 0,842 CAD1 CAD = 1,188 AUD
Australian DollarSwiss Franc1 AUD = 0,733 CHF1 CHF = 1,365 AUD
Australian DollarChinese Yuan1 AUD = 4,724 CNY1 CNY = 0,212 AUD
Canadian DollarSwiss Franc1 CAD = 0,870 CHF1 CHF = 1,150 CAD
Canadian DollarChinese Yuan1 CAD = 5,612 CNY1 CNY = 0,178 CAD
Swiss FrancChinese Yuan1 CHF = 6,446 CNY1 CNY = 0,155 CHF

See what else happened on December 30, 2008