Wall Street Roundup: Bear’s board. Goldman gloves.

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Gold: Trading now at $1,672 per ounce, up 1.7% from Tuesday. Dow Jones industrial average: Trading now at 11,770.08, down 0.8% from Tuesday.

No relief. The stock market rout continues as new discouraging data comes out, this time about the service sector and factory output. A panel of economists is seeing a double-dip recession as increasingly likely.

Bear’s board. A look at the board members at Bear Stearns and Lehman Bros. when both firms went down suggests that few have seen their careers hurt much.

Goldman gloves. Goldman Sachs is looking at laying off employees, but it appears that the bank handles layoffs with extreme care, giving people on the way out a few months to find a new job.

-- Nathaniel Popper in New York