Fed May Keep Easing at `Full Throttle' Until Jobless Rate Falls (Bloomberg)
“Right now it looks like the unemployment rate is the whole ball of wax,” said Ward McCarthy, chief financial economist at Jefferies & Co. in New York. “The majority just wants to keep going full throttle, and keep policy as accommodative as possible.”
Goldman Employees Blocked From Facebook Get Tutorial (Bloomberg)
David Ebersman, Facebook’s chief financial officer, walked members of the bank’s private wealth-management group through the basics during a presentation at Goldman Sachs’s San Francisco office yesterday, including how to tag a photo, poke a friend, or stalk your ex.
Facebook Deal Spurs Inquiry (WSJ)
The review is at an early stage, these people cautioned, and SEC officials looking at the recent deals haven't concluded that any of them run afoul of the 47-year-old rules governing private companies. The rules require firms with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information. The requirement is designed to protect investors from risking money on companies that say little about their operations and performance.
Hank Greenberg: Why Did We Nationalize AIG? (WSJ)
Hank and Snowball want answers.
Giant tuna fetches record £250,000 at Tokyo auction (Telegraph)
The fish weighed in at 342 kg and was caught off the most northerly Japanese island of Hokkaido. The price far surpassed the previous record of Y20.3 million (£158,807) set in January 2001 for a 202-kg tuna.
Employers In 2010 Announces Fewest Job Cuts In 13 Years (Bloomberg)
There were 529,973 planned firings last year, down 59 percent from 2009 when job cuts reached a seven-year high.
EU's Bailout Bond Three-Times Oversubscribed (WSJ)
"This morning, the commission started a €5 billion ($6.65 billion) issuance in light of the economic situation in Ireland," EU spokeswoman Amelia Torres said. "There were three times as many requests to take it up as we could satisfy."
Portugal T-Bill Yield Almost Doubles In Auction (Reuters)
Portugal paid almost twice as much to sell 500 million euros ($660 million) of six-month paper on Wednesday as it did in September, keeping the country at the sharp end of persistent market concerns about euro zone debt.
JPMorgan Unveils Swiss Expansion Plan (eF)
JP Morgan has said that it plans to add more than 400 staff within the next two years and double assets under management in its Swiss private banking division as part of a major expansion in the country.
Woman Calls 911 To Try And Force Boyfriend To Propose (CBS)
Ana Perez, 40, called 911 around 8:30 p.m. on Sunday, claiming her boyfriend was attacking her. When police arrived, she changed her story, admitting she was trying to scare her boyfriend into marrying her. The boyfriend, according to police, had no intention of marrying Perez and was in the process of breaking up with her