Financial news on September 21st, 2009

Business and Financial news
An Auto Executive in Debt Blames the Loss of His Bonus

James Press, deputy chief executive of Chrysler, is being sued by his credit union for unpaid loans, and faces tax liens from the I.R.S. Read more..

By BLOOMBERG NEWS - The New York Times

A Tax on Cadillac Health Plans May Also Hit the Chevys

A proposed tax on expensive insurance policies to help raise money for the nation’s health care overhaul could also affect modest plans. Read more..

By REED ABELSON - The New York Times

Britain Lends an Ear to Big Media Pleas

Recent statements by the British government indicate it has begun paying attention to entreaties for relief from digital piracy and an economic downturn that has decimated advertising. Read more..

By ERIC PFANNER - International Herald Tribune

Congress Presses for Details From Bank of America on Talks

Bank of America is being told by a House Democrat that it cannot use attorney-client privilege to withhold legal conversations about acquiring Merrill Lynch. Read more..

By LOUISE STORY - The New York Times

Disney Faces Rights Issues Over Marvel

The legal notices expressed an intent by Jack Kirby’s heirs to regain copyrights to some of the superhero characters he created for Marvel. Read more..


Doubts Fade and Couric Is Energized

With her contract expiring in 2011, Katie Couric is again fielding questions about what’s next, but now without suggestions of an early exit. Read more..

By BRIAN STELTER - The New York Times

Hybrid Internet-TV Makes Progress in Europe

A TV cooking program will be able to offer Internet links to merchandisers that sell ingredients for the featured recipe. Read more..

By ERIC PFANNER - The New York Times

Ivory Coast Toxic-Dump Case Settled, Company Says

Trafigura said that it had agreed to pay as many as 30,000 residents of Abidjan, Ivory Coast, who said they were injured by toxic dumping. Read more..

By DAVID JOLLY - International Herald Tribune

Patent Auctions Offer Protections to Inventors

Instead of spending millions in protracted legal battles, some inventors are turning to firms that will auction their rights to the highest bidders. Read more..

By STEVE LOHR - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.4316.8916.2416.76109M
Cisco SystemsCSCO23.2023.8523.1823.6351.1M
Wells Fargo & Co.WFC28.3928.6928.1528.2934.4M
Oracle Corp.ORCL21.5621.8221.5021.5725.5M
JPMorgan ChaseJPM44.5444.8044.2244.5524.1M
AT&T Inc.T26.8826.9526.6626.8723.4M
Verizon CommunicationsVZ29.6429.8229.3229.4921.5M
Wal-Mart StoresWMT50.0350.9750.0250.9115.3M
Abbott LaboratoriesABT45.8146.6545.8046.5214.9M
Procter & GamblePG57.3557.4656.7557.1011.7M
HP Inc.HPQ45.6346.4845.5146.3511.5M
Walt Disney & Co.DIS28.1228.1827.6628.0010.9M
Home DepotHD27.9628.4027.8428.148.92M
UnitedHealth GroupUNH28.4528.9428.2228.598.26M
Bristol-Myers SquibbBMY22.4922.7222.3222.578M
Johnson & JohnsonJNJ60.4560.8960.4260.677.24M
Gilead SciencesGILD45.8646.7545.8346.635.28M
International Business MachinesIBM121.03122.08120.88121.574.52M
United TechnologiesUTX62.4763.0262.3062.673.69M
Union PacificUNP61.9162.2461.2561.552.3M
Berkshire HathawayBRK.B3355.003359.003318.003321.0025.5K
Exchange Rates of September 21st, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 91.920 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.078 CAD1 CAD = 0.927 USD
US DollarSwiss Franc1 USD = 1.032 CHF1 CHF = 0.969 USD
US DollarChinese Yuan1 USD = 6.829 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 135.000 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.905 GBP1 GBP = 1.104 EUR
EuroAustralian Dollar1 EUR = 1.701 AUD1 AUD = 0.588 EUR
EuroCanadian Dollar1 EUR = 1.582 CAD1 CAD = 0.632 EUR
EuroSwiss Franc1 EUR = 1.515 CHF1 CHF = 0.660 EUR
EuroChinese Yuan1 EUR = 10.022 CNY1 CNY = 0.100 EUR
Japanese YenPound Sterling1 JPY = 0.670 GBP1 GBP = 1.492 JPY
Japanese YenAustralian Dollar1 JPY = 1.260 AUD1 AUD = 0.794 JPY
Japanese YenCanadian Dollar1 JPY = 1.172 CAD1 CAD = 0.853 JPY
Japanese YenSwiss Franc1 JPY = 1.122 CHF1 CHF = 0.891 JPY
Pound SterlingAustralian Dollar1 GBP = 1.878 AUD1 AUD = 0.532 GBP
Pound SterlingCanadian Dollar1 GBP = 1.747 CAD1 CAD = 0.572 GBP
Pound SterlingSwiss Franc1 GBP = 1.673 CHF1 CHF = 0.598 GBP
Pound SterlingChinese Yuan1 GBP = 11.058 CNY1 CNY = 0.090 GBP
Australian DollarCanadian Dollar1 AUD = 0.930 CAD1 CAD = 1.075 AUD
Australian DollarSwiss Franc1 AUD = 0.891 CHF1 CHF = 1.123 AUD
Australian DollarChinese Yuan1 AUD = 5.892 CNY1 CNY = 0.170 AUD
Canadian DollarSwiss Franc1 CAD = 0.957 CHF1 CHF = 1.045 CAD
Canadian DollarChinese Yuan1 CAD = 6.333 CNY1 CNY = 0.158 CAD
Swiss FrancChinese Yuan1 CHF = 6.613 CNY1 CNY = 0.151 CHF

See what else happened on September 21st, 2009