Wall Street Roundup: New-home sales rise. Apollo's regulation end run. Goldman's celluloid moment
Home sales rise. The sales of new homes rose 24% in June after a worrying decline in May, the Commerce Department reported.
New confidence in Europe. A number of economists are raising their outlook on the euro as fears about European economic troubles recede.
Apollo's regulation end run. In the latest example of a company adapting to get around new government regulations, the private equity firm Apollo Management is forming a creatively configured bank to avoid oversight, the Financial Times reports.
Growing by shrinking. The New York Times looks at how a number of companies, including Harley Davidson, are showing growing profits by cutting costs, raising doubts about long term growth.
Goldman's celluloid moment. Documentarian Ric Burns is making a film about Goldman Sachs, with direction and funding from the bank, according to the Wall Street Journal.
-- Nathaniel Popper