GOLDMAN SACHS

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Ex-Goldman programmer out on bail in theft case

A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said Monday.

Nomura plans global prime broking business

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Japan's Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday.
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Ex-Goldman programer out on bail in theft case

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said on Monday.
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Mid-Day Minute - July 6 - Industries

High Volume Trading Codes at Goldman Sachs Stolen: FBI, Judge approves sale to New GM, Rio Tinto sells food packaging division for $1.2 billion
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ECB holds rates, to start buying bonds next week

The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
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Stock futures flat as investors await data

U.S. stock futures were flat on Tuesday ahead of a batch of new data that may give investors insight into the state of the recession-hit economy on the last day of the second quarter.
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AIG shareholders to elect new directors at meeting

American International Group Inc , the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board on Tuesday when a new slate of directors stands for election at its annual meeting.
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U.S. commercial banks see record Q1 trading revenue

U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.
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Hedge Funds see potential in Asia

As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts.
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LinkedIn interim president named CEO

Social networking Internet service LinkedIn said on Wednesday that interim President Jeff Weiner will take over as chief executive officer, six months after the company's co-founder stepped into the role.
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Fed to hold fire on buying, talk down rate hikes

The Federal Reserve is expected to emphasize the U.S. economy's fragile state in a policy statement on Wednesday as it talks down expectations for a rate hike this year and holds fire on expanding asset purchases.
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Rosy thoughts on U.S. economy clash with reality

U.S. financial markets entered a new era of good feelings in March on the back of sentiment surveys pointing to a rebound just around the corner, but hard economic data has yet to back it up.

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