Money & Company

Tracking the market and economic trends
that shape your finances.

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

Wall Street Roundup: Europe rising. A Goldman flop.

April 7, 2011 |  7:28 am

Gold: Trading now at $1,462 per ounce, up 0.2% from Wednesday. Dow Jones industrial average: Trading now at 12,425.40, unchanged from Wednesday.

Foggy wall -- justin lane epa Europe rising. As predicted, the European Central Bank raised interest rates a quarter of a point -- for the first time since the financial crisis -- underscoring growing concern about inflation.

The prosecution rests. Prosecutors finished presenting their insider trading case against former hedge fund manager Raj Rajaratnam. As the defense begins its work the big question is whether Rajaratnam will testify.

A Goldman flop. While the market for shares in private companies has generally been booming, Goldman Sachs' effort to move into the arena appears to have been a rare flop for the bank.

Old face for new times. The banker behind much of the new deal-making frenzy in Silicon Valley is an old face, Frank Quattrone.

Don't question the boss. A lowly employee at the British bank Lloyds was fired for taking to Facebook to question the disparity between her salary and that of the bank's chief executive -- 7 pounds an hour versus 4,000 pounds an hour.

-- Nathaniel Popper

Credit: EPA/Justin Lane

 

Comments 

Advertisement










Video