Wall Street Roundup: Responding to regulation. John Paulson, bearish again.

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Jobless claims up. The number of people seeking unemployment benefits last week rose more than expected and more than the week before, the Labor Department reported.

Responding to regulation. In response to the financial reform legislation, Morgan Stanley and Goldman Sachs are making new moves to shift risky funds outside the bank structure.

John Paulson, bearish again. Famed hedge fund manager John Paulson, who made billions of dollars from the mortgage meltdown, has turned bearish in his positions after pushing a narrative of American recovery over the last year.

-- Nathaniel Popper in New York