Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Wall Street Roundup: MBAs back in fashion. Legalese take-down.

December 8, 2010 |  7:44 am

Gold: Trading now at $1,376 per ounce, down 2.3% from Tuesday. Dow Jones industrial average: Trading now at 11,347.20, down 0.1% from Tuesday.

Insider-trading push. It appears that authorities have continued to try to get information on hedge fund giant SAC Capital, seeking recorded conversations of a manager who is there now.

MBAs back in fashion. After a few years in which struggling banks avoided hiring expensive MBA students, now the banks appear to be seeking out these students again.

Legalese take-down. Felix Salmon goes the full distance in an effort to explain how and why Citigroup and other consumer banks make their letters to customers so impossible to understand.

-- Nathaniel Popper in New York