Wall Street Roundup: Goldman’s little lie. The richest of the rich.
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Gold: Trading now at $1,426 per ounce, down 1.0% from Thursday. Dow Jones industrial average: Trading now at 12,416.57, up 0.8% from Thursday.
Nasdaq plays spoiler. Nasdaq has teamed up with InterncontinentalExchange to make an $11.3-billion bid to snatch NYSE Euronext away from Germany’s leading stock exchange.
Jobs jolt. A good employment report gave stock markets a boost.
Goldman’s little lie. Newly released documents show that Goldman Sachs used emergency borrowing privileges from the Federal Reserve five times during the financial crisis, not one time as a top executive said in testimony last year.
Subprime returns. Bonds combining subprime residential mortgages appear to be making a comeback after being blamed for causing the financial crisis.
Richest of the rich. Absolute Return + Alpha is out with its annual list of the highest-earning hedge fund managers, and John Paulson is again at the top with $4.9 billion.
-- Nathaniel Popper in New York
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