Wall Street Roundup: Journal versus Pimco. Bidding for Buffett.
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Gold: Trading now at $1,542 per ounce, down 0.3% from Monday. Dow Jones industrial average: Trading now at 12158.07, up 0.6% from Monday.
A break in the clouds. Stock indexes headed up Tuesday morning for the first time in a while in advance of a speech on the economy this afternoon by Fed Chairman Ben S. Bernanke.
Journal versus Pimco. The Wall Street Journal uses two articles to bash Pimco’s Bill Gross -- one questioning Pimco’s purchase of Lehman Bros. bonds and the other questioning Pimco’s decision not to purchase Treasury bonds.
Carlyle close-up. A look at the history of the Carlyle Group as the wildly succesful private equity firm moves towards a public offering.
Bidding for Buffett. The bidding on EBay is up to $2.345 million for the annual charity lunch with Warren Buffett.
-- Nathaniel Popper