Financial news on September 16, 2010

Business and Financial news
3 Women Claim Bias at Goldman

Three former female employees, including two who held high-ranking executive positions, claim discrimination in pay and promotion. Read more..

By PETER LATTMAN - The New York Times

Chinese-U.S. Steel Deal Moves Forward

Anshan Iron and Steel is moving ahead with its plans to take a stake in Steel Development, despite concerns by some U.S. lawmakers about the Chinese investment in the American steel industry Read more..

By DEALBOOK - The New York Times

Post-Lehman, a ‘Massive Arbitrage’ in U.S. Treasuries

The National Bureau of Economic Research, a nonprofit group, released a paper this month studying anomalies in U.S. government debt prices that have led to what it called “persistent arbitrage opportunities on a massive scale.” Read more..

By CHRIS V. NICHOLSON - The New York Times

Pump Up a 401(k) by Lowering the Fees

New rules allow investors to identify the expenses charged by middlemen to manage your retirement account, and do something about them. Read more..

By JOHN F. WASIK - The New York Times

S.E.C. Defends Exemptions in New Law

Some lawmakers want to repeal a provision in the Dodd-Frank law that exempts the agency from certain disclosures. Read more..

By EDWARD WYATT - The New York Times

S.E.C. Wants More Disclosure on Muni Markets

The Securities and Exchange Commission is looking to expand its powers to demand more extensive financial disclosure from cities, states and municipal-debt issuers, a commissioner, Elisse Walter, told The Wall Street Journal in an interview. Read more..

By DEALBOOK - The New York Times

Setback for Ackman in Stuyvesant Town Bid

A New York judge ruled that the billionaire hedge fund manager William A. Ackman and his partners could not take control of Stuyvesant Town in Manhattan unless they paid off an existing $3.7 billion mortgage. Read more..

By DEALBOOK - The New York Times

Soros to Get a Day in Court Over Insider Trading

Europe’s highest human rights court said Wednesday that it would accept a complaint by the international financier George Soros that his rights were impinged on by French courts in convicting him in an insider-trading case dating back more than two decades. Read more..

By DEALBOOK - The New York Times

Wilbur Ross Joins Cardinal in Bid for Irish EBS

Wilbur Ross, the billionaire investor, had boarded a consortium led by Dublin-based Cardinal Asset Management to bid for EBS, the Irish building society, he told CNBC on Wednesday. Read more..

By DEALBOOK - The New York Times

W.T.O. Said to Find Improper Subsidies for Boeing

American lawmakers said the subsidies were a fraction of what Europe claimed, but European leaders said the finding could lead to talks to resolve the problem. Read more..

By CHRISTOPHER DREW and NICOLA CLARK - The New York Times

Stock Markets

Values are reported in US Dollars

Stock Ticker symbol Open High Low Close Volume
Intel INTC 18.70 18.98 18.58 18.97 69.2M
Oracle Corp. ORCL 25.68 25.71 25.21 25.36 53M
Cisco Systems CSCO 21.58 21.96 21.52 21.93 47.6M
General Electric GE 16.18 16.31 16.11 16.23 47.1M
Microsoft MSFT 25.06 25.37 25.05 25.33 44.5M
Pfizer PFE 17.26 17.26 17.08 17.17 38.7M
Wells Fargo & Co. WFC 26.16 26.28 25.90 26.06 29M
Comcast CMCSA 18.03 18.03 17.42 17.57 28.5M
JPMorgan Chase JPM 40.72 41.10 40.55 40.99 25.2M
HP Inc. HPQ 39.71 40.49 39.63 40.35 23.3M
Apple AAPL 270.24 276.67 269.50 276.57 23.3M
AT&T Inc. T 28.00 28.16 27.80 28.11 21.1M
ExxonMobil XOM 60.85 60.99 60.45 60.97 16.4M
Verizon Communications VZ 31.21 31.47 30.94 31.42 16M
Altria MO 23.64 23.66 23.43 23.47 14.2M
Abbott Laboratories ABT 51.41 51.78 51.00 51.61 11.6M
Wal-Mart Stores WMT 52.66 53.28 52.55 53.15 10.7M
Johnson & Johnson JNJ 60.82 61.39 60.76 61.29 10.5M
Home Depot HD 29.88 30.05 29.70 29.95 9.35M
ConocoPhillips COP 55.44 55.87 55.09 55.36 9.15M
Merck MRK 36.49 36.61 36.20 36.43 9.09M
Coca-Cola KO 57.40 57.68 57.25 57.51 8.29M
Bristol-Myers Squibb BMY 27.01 27.15 26.85 26.95 8.02M
Procter & Gamble PG 60.87 61.11 60.66 61.11 7.65M
Visa V 68.81 69.21 68.06 68.38 7.45M
Gilead Sciences GILD 34.50 35.00 34.38 34.97 7.34M
Walt Disney & Co. DIS 34.09 34.19 33.71 34.17 7.3M
Chevron CVX 78.99 79.13 78.39 79.05 6.91M
Schlumberger SLB 58.00 58.55 57.70 58.18 6.87M
UnitedHealth Group UNH 34.23 34.39 33.92 34.24 6.15M
Amazon AMZN 145.40 148.23 145.16 148.13 5.83M
McDonald's MCD 74.62 74.90 74.35 74.80 5.07M
International Business Machines IBM 129.20 129.95 128.80 129.67 4.68M
Boeing BA 62.39 63.35 62.20 62.58 4.68M
Berkshire Hathaway BRK.B 83.42 83.54 82.93 83.54 4.37M
Pepsico PEP 66.40 66.66 66.17 66.61 4.17M
Amgen AMGN 55.20 55.22 54.77 55.10 4.06M
Alphabet GOOGL 479.95 482.45 479.41 481.06 3.94M
United Technologies UTX 68.16 68.68 68.00 68.53 2.8M
3M MMM 84.02 85.00 83.94 84.95 2.43M
Union Pacific UNP 78.91 79.47 78.45 78.92 2.2M
Exchange Rates of September 16, 2010
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 85.840 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 1.026 CAD 1 CAD = 0.974 USD
US Dollar Swiss Franc 1 USD = 1.016 CHF 1 CHF = 0.985 USD
US Dollar Chinese Yuan 1 USD = 6.725 CNY 1 CNY = 0.149 USD
Euro Japanese Yen 1 EUR = 112.230 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.837 GBP 1 GBP = 1.195 EUR
Euro Australian Dollar 1 EUR = 1.396 AUD 1 AUD = 0.716 EUR
Euro Canadian Dollar 1 EUR = 1.342 CAD 1 CAD = 0.745 EUR
Euro Swiss Franc 1 EUR = 1.328 CHF 1 CHF = 0.753 EUR
Euro Chinese Yuan 1 EUR = 8.796 CNY 1 CNY = 0.114 EUR
Japanese Yen Pound Sterling 1 JPY = 0.745 GBP 1 GBP = 1.342 JPY
Japanese Yen Australian Dollar 1 JPY = 1.243 AUD 1 AUD = 0.804 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.195 CAD 1 CAD = 0.837 JPY
Japanese Yen Swiss Franc 1 JPY = 1.183 CHF 1 CHF = 0.845 JPY
Pound Sterling Australian Dollar 1 GBP = 1.669 AUD 1 AUD = 0.599 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.604 CAD 1 CAD = 0.623 GBP
Pound Sterling Swiss Franc 1 GBP = 1.587 CHF 1 CHF = 0.630 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.496 CNY 1 CNY = 0.095 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.961 CAD 1 CAD = 1.041 AUD
Australian Dollar Swiss Franc 1 AUD = 0.951 CHF 1 CHF = 1.052 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.298 CNY 1 CNY = 0.159 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.989 CHF 1 CHF = 1.011 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.553 CNY 1 CNY = 0.153 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.621 CNY 1 CNY = 0.151 CHF

See what else happened on September 16, 2010