Financial news on September 30, 2008

Business and Financial news
An Advertising Deal With Wachovia, but Suddenly Nothing to Market

Three days after awarding a team of agencies owned by the WPP Group its creative and media assignments, Wachovia suspended the decision when word came out it was being purchased by Citigroup. Read more..

By STUART ELLIOTT - The New York Times

Authorities Aid Banks in Europe

The turmoil that has rocked the United States banking system spread to Europe on Monday, buffeting institutions in at least four countries with a chain of new failures. Read more..

By CARTER DOUGHERTY - The New York Times

For Stocks, Worst Single-Day Drop in Two Decades

Over a trillion dollars vanished from Wall Street on Monday, the blackest day since the 1987 stock market crash. Read more..

By VIKAS BAJAJ and MICHAEL M. GRYNBAUM - The New York Times

‘Is My Money Safe?’ and Other Questions to Ask

Addressing the issues on the minds of investors on Main Street who are distressed by the fallout on Wall Street. Read more..

By RON LIEBER and TARA SIEGEL BERNARD - The New York Times

Navigating Troubled Times: Answers for Readers

Hundreds of readers responded to an invitation to submit questions about the effects on their personal finances. Read more..

By TARA SIEGEL BERNARD - The New York Times

Netherlands: Akzo Delays Buyback

Akzo Nobel, the paint maker, postponed a $2.3 billion stock repurchase plan, as the credit market freeze-up hampered its ability to refinance loans. Read more..

By BLOOMBERG NEWS - The New York Times

Treasury and Fed Looking at Options

Without the bailout plan they lobbied for, the Treasury and the Federal Reserve will have to dig deep into their toolkits. Read more..

By EDMUND L. ANDREWS and MARK LANDLER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
MicrosoftMSFT25.7726.6925.5426.69107M
IntelINTC18.0818.8017.8018.7384.1M
General ElectricGE23.8726.0523.8725.5076M
PfizerPFE17.9318.4417.7518.4475.5M
JPMorgan ChaseJPM44.6347.3943.7746.7067M
Cisco SystemsCSCO22.2522.6121.8422.5661M
AppleAAPL108.25115.00106.30113.6658.1M
Oracle Corp.ORCL19.1120.4119.1020.3151M
Wells Fargo & Co.WFC35.3638.0034.8037.5346.9M
AT&T Inc.T28.3529.0227.9227.9245.9M
ExxonMobilXOM75.6278.6175.1777.6642M
ComcastCMCSA18.4319.6418.3919.6333.9M
Wal-Mart StoresWMT59.1860.0157.7459.8926.9M
Abbott LaboratoriesABT58.8558.9557.0457.5826.1M
ConocoPhillipsCOP70.8073.3370.1173.2525.5M
Verizon CommunicationsVZ31.4332.1530.8932.0924.3M
Home DepotHD25.6625.9524.7125.8923.2M
Procter & GamblePG67.1969.9267.0569.6923.1M
HP Inc.HPQ45.2346.4944.9846.2422.3M
ChevronCVX78.8582.6978.6082.4820.1M
AltriaMO19.8520.2319.7019.8420M
Johnson & JohnsonJNJ67.5069.4867.4169.2819.6M
International Business MachinesIBM115.83116.96111.81116.9619M
Coca-ColaKO51.8152.9051.0152.8817.6M
Bristol-Myers SquibbBMY20.0620.9119.9220.8517M
Walt Disney & Co.DIS30.3430.8529.4830.6916.6M
SchlumbergerSLB75.3480.0075.1978.0916.5M
MerckMRK30.9531.7930.7731.5615M
AmgenAMGN57.2559.4957.0459.2714.4M
AmazonAMZN65.8473.1265.3272.7613M
Gilead SciencesGILD45.0846.0044.1645.6313M
McDonald'sMCD61.2961.7359.8861.7013M
PepsicoPEP69.8871.6969.8871.2710.9M
UnitedHealth GroupUNH23.6826.0023.6725.3910.6M
VisaV56.3861.4356.3861.399.68M
United TechnologiesUTX57.3360.3656.9760.069.07M
3MMMM67.2868.6067.1268.317.09M
BoeingBA56.2957.6555.6257.356.41M
AlphabetGOOGL395.98425.08392.32400.526.17M
Union PacificUNP70.9472.5769.9071.165.31M
Berkshire HathawayBRK.B4450.004450.004330.004395.0035.4K
Exchange Rates of September 30, 2008
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 105.980 JPY1 JPY = 0.009 USD
US DollarCanadian Dollar1 USD = 1.063 CAD1 CAD = 0.941 USD
US DollarSwiss Franc1 USD = 1.122 CHF1 CHF = 0.892 USD
US DollarChinese Yuan1 USD = 6.844 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 149.600 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.791 GBP1 GBP = 1.264 EUR
EuroAustralian Dollar1 EUR = 1.777 AUD1 AUD = 0.563 EUR
EuroCanadian Dollar1 EUR = 1.500 CAD1 CAD = 0.667 EUR
EuroSwiss Franc1 EUR = 1.582 CHF1 CHF = 0.632 EUR
EuroChinese Yuan1 EUR = 9.666 CNY1 CNY = 0.103 EUR
Japanese YenPound Sterling1 JPY = 0.529 GBP1 GBP = 1.891 JPY
Japanese YenAustralian Dollar1 JPY = 1.188 AUD1 AUD = 0.841 JPY
Japanese YenCanadian Dollar1 JPY = 1.002 CAD1 CAD = 0.998 JPY
Japanese YenSwiss Franc1 JPY = 1.057 CHF1 CHF = 0.946 JPY
Pound SterlingAustralian Dollar1 GBP = 2.245 AUD1 AUD = 0.445 GBP
Pound SterlingCanadian Dollar1 GBP = 1.896 CAD1 CAD = 0.528 GBP
Pound SterlingSwiss Franc1 GBP = 1.999 CHF1 CHF = 0.500 GBP
Pound SterlingChinese Yuan1 GBP = 12.194 CNY1 CNY = 0.082 GBP
Australian DollarCanadian Dollar1 AUD = 0.844 CAD1 CAD = 1.184 AUD
Australian DollarSwiss Franc1 AUD = 0.889 CHF1 CHF = 1.125 AUD
Australian DollarChinese Yuan1 AUD = 5.441 CNY1 CNY = 0.184 AUD
Canadian DollarSwiss Franc1 CAD = 1.053 CHF1 CHF = 0.949 CAD
Canadian DollarChinese Yuan1 CAD = 6.442 CNY1 CNY = 0.155 CAD
Swiss FrancChinese Yuan1 CHF = 6.111 CNY1 CNY = 0.164 CHF

See what else happened on September 30, 2008