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Goldman manager investigated for insider trading role: report

Federal authorities are investigating David Loeb, a managing director of Goldman Sachs Group Inc, as part of an insider trading probe focusing on technology stocks and the company's hedge fund clients, the Wall Street Journal reported on Wednesday, citing people close to the matter.
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CVC to Buy Nordic Group Ahlsell for $2.4 Billion

CVC Capital Partners is to buy Nordic construction products and machinery distributor Ahlsell from Cinven and Goldman Sachs Capital Partners for 1.8 billion euros ($2.4 billion), in Europe's biggest private equity deal since last summer.
Experts believe U.S. stocks are already overvalued just three years into the bull market

Stock index futures point to a firmer start

U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
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Goldman CEO details hiring plans in Salt Lake City

Goldman Sachs Group Inc plans to add 300 workers to its fast-growing office in Salt Lake City, Utah, by the end of the year, Chief Executive Lloyd Blankfein told employees at a town hall meeting there on Tuesday, according to a Goldman staffer who was present.
Corzine gestures as he testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington

CME Group Gets Subpoenas in MF Global Probe

CME Group Inc. has received two subpoenas from authorities investigating the collapse of futures broker MF Global, Holdings Ltd, the futures exchange operator said in a regulatory filing on Tuesday.
Yahoo Inc

Yahoo Could Throw Wrench into Facebook IPO

Internet giant Yahoo could throw a wrench into Facebook’s planned $5 billion IPO by demanding that the social-networking company enter into patent licensing agreements.
A man walks past an iPad 2 advertisement in Shanghai

Funds' Love of Apple Pays, but Many Managers Lag

Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
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Funds' love of Apple pays, but many managers lag

Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
A pair of housing units are shown for sale in San Francisco

Weekly U.S. Economic Snapshot: How Are we Doing?

Housing, the weakest of the three legs of the stool supporting the U.S. economy, is finally firming up, or so it seems to investors, economists, real estate agents and buildings after a string of heartening reports so far this year.
Oil prices Seen at a Gasoline Station

Rise and Rise of U.S. Gasoline Prices: Wall Street and Big Oil to Blame?

Everyone agrees the days of cheap gasoline are over. The pain at the pump is forcing people to cut down gasoline usage, and there has been a big drop in gasoline demand in the country. At the same time, domestic production is booming, with the number of rigs just in U.S. oil fields more than quadrupling in the past three years.
View of New York Federal Reserve Bank from Maiden Lane

Fed To Sell Rest of Toxic Waste Bonds From Bailout: Bloomberg

At least one large financial institution has approached the Federal Reserve Bank of New York with an offer to buy out the remaining mortgage-backed toxic waste bonds it received from AIG as collateral for a $19.5 billion bailout in 2008, according to Bloomberg News, as banks are looking to profit from what many see as an incipient turnaround in the U.S. housing market.

Indian Gold Imports May Fall This Year

Indian gold imports in 2012 could fall by a fifth for the first time in three years to 770 tonnes as investors chase better accruals from equity markets and other financial instruments, possibly ceding the position of top consumer to China.
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Buffett's Berkshire muscles into Thai reinsurance

Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.

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