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Wall Street: Dow up, gold down, Citigroup-SEC talks, rogue trader

September 15, 2011 |  7:52 am

Wall Street
  

Gold: Trading at $1,790.50, down $36. Dow Jones industrial average: Up 72.58 points to 11,319.31.

Citigroup talks. The Securities and Exchange Commission reportedly is negotiating with Citigroup Inc. on a potential settlement calling for the bank to pay more than $200 million for questionable mortgage-bond deals.

Rogue trader. Investment bank UBS warned that an employee's unauthorized trading could cost it more than $2 billion.

Groupon IPO. The daily deals site is proceeding with its delayed initial public offering, which now may take place in late October or early November.

Solyndra battle. Washington lawmakers are fighting an increasingly heated battle over the Fremont, Calif., solar equipment maker that failed after getting a federal loan.



-- Walter Hamilton

Photo: On Wall Street. Credit: Stan Honda / Getty Images

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