Wall Street Roundup: What a difference a week makes. Broke brokers.
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Gold: Trading now at $1,787 per ounce, up 0.1% from Tuesday. Dow Jones industrial average: Trading now at 11,464.70, up 0.5% from Tuesday.
More relief. Another set of strong earnings reports took the eyes of investors off of troubles in Europe and helped stocks edge upward.
What a difference a week makes. Last week at this time the TV screens were all blaring reports of a double-dip recession -- a week later many are talking about how the fears got overblown.
Goldman vs. JP Morgan. The New York Post is reporting that Motorola chose not to use Goldman Sachs and JP Morgan Chase & Co. in its deal with Google after the two banks fought during earlier negotiations.
Broke brokers. Lehman Brothers lawyers are winning in their battle to claw back bonuses that were given to young brokers who joined the firm before it went, err, broke.
-- Nathaniel Popper