Financial news on September 16, 2010
Business and Financial news
Three former female employees, including two who held high-ranking executive positions, claim discrimination in pay and promotion. Read more..
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..
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..
New rules allow investors to identify the expenses charged by middlemen to manage your retirement account, and do something about them. Read more..
Some lawmakers want to repeal a provision in the Dodd-Frank law that exempts the agency from certain disclosures. Read more..
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..
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..
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..
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..
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..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||26.16||26.28||25.90||26.06||29M|
|Johnson & Johnson||JNJ||60.82||61.39||60.76||61.29||10.5M|
|Procter & Gamble||PG||60.87||61.11||60.66||61.11||7.65M|
|Walt Disney & Co.||DIS||34.09||34.19||33.71||34.17||7.3M|
|International Business Machines||IBM||129.20||129.95||128.80||129.67||4.68M|
Exchange Rates of September 16, 2010
|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|