Opening Bell: 07.06.09

Author:
Publish date:

A Goldman Trading Scandal? (Reuters)
Matthew Goldstein: "While most in the US were celebrating the 4th of July, a Russian immigrant living in New Jersey was being held on federal charges of stealing top-secret computer trading codes from a major New York-based financial institution--that sources say is none other than Goldman Sachs.
The allegations, if true, are big news because the codes the accused man, Sergey Aleynikov, tried to steal is the secret code to unlocking Goldman's automated stocks and commodities trading businesses. Federal authorities allege the computer codes and related-trading files that Aleynikov uploaded to a German-based website help this major "financial institution" generate millions of dollars in profits each year."

Seven U.S. Banks Seized in Busiest Year for Closures Since 1992
(Bloomberg)
SheBair's had her hands full.
GM Asset Sale Gets Judge's Nod (WSJ)
So that's exciting.

Capital Fund CEO Aguilar Killed in Gliding Accident But Don't Worry, Your $ Is Safe
(Bloomberg)
"The firm has gone through several crises in the past and we want to reassure our investors that this terrible event will not interrupt CFM's high level of service or impact its ability to provide outstanding long-term investment returns," the e- mailed letter to investors dated yesterday said. "Jean-Pierre has assembled a terrific team, where all individuals are important but none, not even himself, are critical."
Ryanair wants passengers to STAND UP during flights (Daily Mail)
Ryanair estimates it would be able to pack in 30 percent more passengers while slashing costs by 20 percent. No word on how this will be affected.
SEC May Reinstate Rules For Short-Selling (NYT)
"You want some sort of a dampener in periods like the fourth quarter of last year," Joseph M. Mecane, the chief administrative officer for United States markets at the NYSE said, "and let the stock breathe a bit."
Mob Scene For Jacko Funeral (NYP)
Up to 1 million "Jackophiles" expected to hit up the Staples Center memorial, tickets for which were selling for up to $20,000 on eBay late last night.
Biden: "We Misread How Bad The Economy Was" (ABC)

Related

Opening Bell: 4.22.15

Flash Crash trader fighting extradition; Greece is good on cash 'til June; BNY profit rises; "An enraged Colorado man shot his computer multiple times for failing to work properly"; and more.

Opening Bell: 7.28.15

Prosecutors still want to put Sergey Aleynikov behind bars; Mike Tyson likes Bitcoins; CEO-Pay Ratio rule coming; Climate finance; "Lemur Has Giant Testes"; and more.

humpty-baml

Opening Bell: 11.10.17

That wasn't the big one, says BAML; cryptos are driving VC partners berserk; Evan Spiegel doesn't like data; ant-zombie fungus worse than realized; and more.