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

StockTicker symbolOpenHighLowCloseVolume
IntelINTC18.7018.9818.5818.9769.2M
Oracle Corp.ORCL25.6825.7125.2125.3653M
Cisco SystemsCSCO21.5821.9621.5221.9347.6M
General ElectricGE16.1816.3116.1116.2347.1M
MicrosoftMSFT25.0625.3725.0525.3344.5M
PfizerPFE17.2617.2617.0817.1738.7M
Wells Fargo & Co.WFC26.1626.2825.9026.0629M
ComcastCMCSA18.0318.0317.4217.5728.5M
JPMorgan ChaseJPM40.7241.1040.5540.9925.2M
HP Inc.HPQ39.7140.4939.6340.3523.3M
AppleAAPL270.24276.67269.50276.5723.3M
AT&T Inc.T28.0028.1627.8028.1121.1M
ExxonMobilXOM60.8560.9960.4560.9716.4M
Verizon CommunicationsVZ31.2131.4730.9431.4216M
AltriaMO23.6423.6623.4323.4714.2M
Abbott LaboratoriesABT51.4151.7851.0051.6111.6M
Wal-Mart StoresWMT52.6653.2852.5553.1510.7M
Johnson & JohnsonJNJ60.8261.3960.7661.2910.5M
Home DepotHD29.8830.0529.7029.959.35M
ConocoPhillipsCOP55.4455.8755.0955.369.15M
MerckMRK36.4936.6136.2036.439.09M
Coca-ColaKO57.4057.6857.2557.518.29M
Bristol-Myers SquibbBMY27.0127.1526.8526.958.02M
Procter & GamblePG60.8761.1160.6661.117.65M
VisaV68.8169.2168.0668.387.45M
Gilead SciencesGILD34.5035.0034.3834.977.34M
Walt Disney & Co.DIS34.0934.1933.7134.177.3M
ChevronCVX78.9979.1378.3979.056.91M
SchlumbergerSLB58.0058.5557.7058.186.87M
UnitedHealth GroupUNH34.2334.3933.9234.246.15M
AmazonAMZN145.40148.23145.16148.135.83M
McDonald'sMCD74.6274.9074.3574.805.07M
International Business MachinesIBM129.20129.95128.80129.674.68M
BoeingBA62.3963.3562.2062.584.68M
Berkshire HathawayBRK.B83.4283.5482.9383.544.37M
PepsicoPEP66.4066.6666.1766.614.17M
AmgenAMGN55.2055.2254.7755.104.06M
AlphabetGOOGL479.95482.45479.41481.063.94M
United TechnologiesUTX68.1668.6868.0068.532.8M
3MMMM84.0285.0083.9484.952.43M
Union PacificUNP78.9179.4778.4578.922.2M
Exchange Rates of September 16, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 85.840 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 1.026 CAD1 CAD = 0.974 USD
US DollarSwiss Franc1 USD = 1.016 CHF1 CHF = 0.985 USD
US DollarChinese Yuan1 USD = 6.725 CNY1 CNY = 0.149 USD
EuroJapanese Yen1 EUR = 112.230 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.837 GBP1 GBP = 1.195 EUR
EuroAustralian Dollar1 EUR = 1.396 AUD1 AUD = 0.716 EUR
EuroCanadian Dollar1 EUR = 1.342 CAD1 CAD = 0.745 EUR
EuroSwiss Franc1 EUR = 1.328 CHF1 CHF = 0.753 EUR
EuroChinese Yuan1 EUR = 8.796 CNY1 CNY = 0.114 EUR
Japanese YenPound Sterling1 JPY = 0.745 GBP1 GBP = 1.342 JPY
Japanese YenAustralian Dollar1 JPY = 1.243 AUD1 AUD = 0.804 JPY
Japanese YenCanadian Dollar1 JPY = 1.195 CAD1 CAD = 0.837 JPY
Japanese YenSwiss Franc1 JPY = 1.183 CHF1 CHF = 0.845 JPY
Pound SterlingAustralian Dollar1 GBP = 1.669 AUD1 AUD = 0.599 GBP
Pound SterlingCanadian Dollar1 GBP = 1.604 CAD1 CAD = 0.623 GBP
Pound SterlingSwiss Franc1 GBP = 1.587 CHF1 CHF = 0.630 GBP
Pound SterlingChinese Yuan1 GBP = 10.496 CNY1 CNY = 0.095 GBP
Australian DollarCanadian Dollar1 AUD = 0.961 CAD1 CAD = 1.041 AUD
Australian DollarSwiss Franc1 AUD = 0.951 CHF1 CHF = 1.052 AUD
Australian DollarChinese Yuan1 AUD = 6.298 CNY1 CNY = 0.159 AUD
Canadian DollarSwiss Franc1 CAD = 0.989 CHF1 CHF = 1.011 CAD
Canadian DollarChinese Yuan1 CAD = 6.553 CNY1 CNY = 0.153 CAD
Swiss FrancChinese Yuan1 CHF = 6.621 CNY1 CNY = 0.151 CHF

See what else happened on September 16, 2010