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Wall Street Roundup: The latest bad news. Millionaire training.

August 25, 2010 | 12:02 pm

The latest bad news. Reports out this morning show that sales of new homes dropped last month, while orders for durable goods rose less than expected.

Goldman's hit. As Goldman Sachs has struggled to overcome a battering in the public-relations arena, it appears to have lost some clout in the bond underwriting business. Meanwhile, a book out in China aims to prove that the giant investment bank's "ultimate goal is hunting and killing China."

Millionaire training. Banks in Asia are reaching out to the children of wealthy clients with programs to help teach them how to be the financial magnates of tomorrow. 

--Nathaniel Popper