Wall Street Roundup: More layoffs. Birthday bash.
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Gold: Trading now at $1,855 an ounce, up 2% from Thursday. Dow Jones industrial average: Trading now at 10,962.50, down 0.3% from Thursday.
More layoffs. Bank of America, struggling with mortgage lawsuits and a falling share price is planning big layoffs as part of its ‘Project New BAC’ overhaul.
Birthday bash. Leon Black is the latest private equity magnate to pull out all the stops for his own birthday party -- this one with Elton John at the piano.
What would Eliot do? Eliot Spitzer, the former sheriff of Wall Street, sits down to explain how he would be going after Standard & Poor’s and the other bond-rating agencies if he were still New York’s attorney general, the post he held before his abbreviated tenure as governor.
-- Nathaniel Popper