Financial news on December 4th, 2013

Business and Financial news
Court Blocks Labor Board on Lawsuits

United States Court of Appeals rules employers can require their workers to sign arbitration agreements waiving all rights to class-action lawsuits over workplace grievances; ruling, overturning National Labor Relations Board decision, limits the legal exposure of companies from the rising cost of suits over unpaid overtime and other wage violations. Read more..


Google Puts Money on Robots, Using the Man Behind Android

Led by Andy Rubin, who built the Android software, Google has acquired seven companies with hopes to automate manufacturing and even rival Amazon in retail delivery. Read more..

By JOHN MARKOFF - The New York Times

Nonprofits With Sought-After Buildings Take Advantage of a Hot Market

United Cerebral Palsy of New York City is selling its Gramercy Park headquarters for $135 million and is following trend of nonprofits moving from owning a building to leasing space. Read more..

By JULIE SATOW - The New York Times

Optimism Over Vietnam Property, With Caveats

Vietnam’s beleaguered property market is bottoming out, and the government is pledging to reform the banking sector, but doubts remain over whether it can hit pre-2008 peaks. Read more..

By MIKE IVES - The New York Times

Rare Cancer Treatments, Cleared by F.D.A. but Not Subject to Scrutiny

Little-known Food and Drug Administration regulation, known as the humanitarian device exemption, allows sale of some devices to treat small groups of patients without requiring proof that the devices work, or any rigorous study of the medical results; critics say ineffective products approved under exemption can be sold for years while potentially lifesaving ones may never prove their worth. Read more..

By BARRY MEIER - The New York Times

Recent Commercial Real Estate

Notable properties that have been recently listed for sale, sold or leased. Read more..

By ROSALIE R. RADOMSKY - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE26.3426.6626.2026.6444.9M
Cisco SystemsCSCO21.0921.3521.0721.2544.5M
General MotorsGM38.5339.6238.1238.7139.7M
HP Inc.HPQ28.0528.7027.9928.1334.1M
AT&T Inc.T34.3434.6534.2034.6027.2M
JPMorgan ChaseJPM56.4457.4756.2157.1920.3M
Oracle Corp.ORCL34.9035.1834.8235.0720M
Wells Fargo & Co.WFC43.4044.0743.3443.7518M
Gilead SciencesGILD72.0272.8971.5072.4711.2M
Verizon CommunicationsVZ49.3249.7949.1049.3710.7M
Bristol-Myers SquibbBMY50.6551.5450.5251.088.18M
Wal-Mart StoresWMT80.6481.3779.9180.227.64M
Home DepotHD78.1578.7577.7078.407.15M
Procter & GamblePG83.3883.4982.5983.356.81M
Johnson & JohnsonJNJ93.7694.2593.1393.636.22M
UnitedHealth GroupUNH73.0274.4172.5473.655.55M
International Business MachinesIBM175.37177.50175.16175.745.27M
Abbott LaboratoriesABT37.3537.8537.0837.365.09M
Walt Disney & Co.DIS69.4270.4869.3269.974.88M
Berkshire HathawayBRK.B114.35115.58114.00115.303.68M
United TechnologiesUTX109.34109.56107.99108.942.51M
Union PacificUNP162.07162.86160.02161.391.5M
Exchange Rates of December 4th, 2013
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 102.340 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.068 CAD1 CAD = 0.936 USD
US DollarSwiss Franc1 USD = 0.902 CHF1 CHF = 1.108 USD
US DollarChinese Yuan1 USD = 6.092 CNY1 CNY = 0.164 USD
EuroJapanese Yen1 EUR = 139.110 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.830 GBP1 GBP = 1.205 EUR
EuroAustralian Dollar1 EUR = 1.505 AUD1 AUD = 0.664 EUR
EuroCanadian Dollar1 EUR = 1.452 CAD1 CAD = 0.689 EUR
EuroSwiss Franc1 EUR = 1.227 CHF1 CHF = 0.815 EUR
EuroChinese Yuan1 EUR = 8.279 CNY1 CNY = 0.121 EUR
Japanese YenPound Sterling1 JPY = 0.596 GBP1 GBP = 1.678 JPY
Japanese YenAustralian Dollar1 JPY = 1.081 AUD1 AUD = 0.925 JPY
Japanese YenCanadian Dollar1 JPY = 1.043 CAD1 CAD = 0.958 JPY
Japanese YenSwiss Franc1 JPY = 0.882 CHF1 CHF = 1.134 JPY
Pound SterlingAustralian Dollar1 GBP = 1.814 AUD1 AUD = 0.551 GBP
Pound SterlingCanadian Dollar1 GBP = 1.750 CAD1 CAD = 0.572 GBP
Pound SterlingSwiss Franc1 GBP = 1.478 CHF1 CHF = 0.677 GBP
Pound SterlingChinese Yuan1 GBP = 9.979 CNY1 CNY = 0.100 GBP
Australian DollarCanadian Dollar1 AUD = 0.965 CAD1 CAD = 1.037 AUD
Australian DollarSwiss Franc1 AUD = 0.815 CHF1 CHF = 1.228 AUD
Australian DollarChinese Yuan1 AUD = 5.500 CNY1 CNY = 0.182 AUD
Canadian DollarSwiss Franc1 CAD = 0.844 CHF1 CHF = 1.185 CAD
Canadian DollarChinese Yuan1 CAD = 5.702 CNY1 CNY = 0.175 CAD
Swiss FrancChinese Yuan1 CHF = 6.750 CNY1 CNY = 0.148 CHF

See what else happened on December 4th, 2013