Wall Street Roundup: Goldman wants out, cheap rent on Wall Street
Gold: Trading now at $1,403 per ounce, up 0.8% from Tuesday. Dow Jones industrial average: Trading now at 11,727.50, down 1.1% from Tuesday.
Inflation up, stocks down. Bad data about the U.S. housing industry and rising inflation have hurt the stock market Wednesday morning, despite leading indexes rising in Japan.
Goldman wants out. Goldman Sachs is looking to get rid of its troubled and oft-criticized mortgage servicing company Litton Loan Servicing.
Cheap rent on Wall Street. As banks look for more modern offices and securities trading moves online, commercial rents on Wall Street are in decline, and rents in the area are now some of the cheapest in Manhattan.
Bear Stearns diaspora. Despite the failure of investment bank Bear Stearns during the financial crisis, most top executives have landed on their feet in top jobs at other banks.
-- Nathaniel Popper
Photo: Stan Honda / Getty Images