Senior Goldman Sachs Middle East banker resigns: sources
DUBAI - Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm's biggest clients in the Middle East, has resigned, two sources familiar with the matter said.
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Reuters
Stocks Rise Sharply, Led by Gains in Technology
(NEW YORK) — Technology stocks roared back Wednesday, driving the Standard & Poor’s 500 and Dow Jones industrial average to record highs. The industry has lagged the broader market this year, but surged after network communication company Adtran reported earnings that were double what Wall Street analysts expected. That boosted optimism that businesses will increase spending on technology equipment. Chipmakers Micron and Intel jumped, as did other network equipment makers like Cisco and JDS Uniphase. Stocks were also up on an optimistic reading of the Federal Reserve Bank’s latest minutes. Technology stocks rose 1.8 percent, the most of the 10 industry groups in the S&P. That’s a big change from tech’s weak performance this year. The group is up just 4.7 percent, trailing the S&P’s gain of 11.3 percent. “Tech has performed so poorly, it’s oversold and warrants some interest here,” said Scott Wren, a senior equity strategist at Wells Fargo Advisors. “If the economy ...
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Ex-Goldman trader Taylor pleads guilty to wire fraud
NEW YORK - Ex-Goldman Sachs Group Inc trader Matthew M. Taylor pleaded guilty on Wednesday to defrauding the Wall Street bank with an unauthorized $8.3 billion futures trade in 2007, saying he exceeded internal risk limits and lied to supervisors to cover up his activities.
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Reuters
Ex-Goldman trader Taylor turning himself in to authorities: sources
NEW YORK - Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor is expected to turn himself in to federal authorities to plead guilty to charges that he defrauded the Wall Street bank out of $118 million in 2007, two sources familiar with the matter said.
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IAG in talks with Airbus on A350 order for British Airways: WSJ
Airline holding company International Airlines Group could order Airbus' new A350 long-range aircraft for its British Airways arm as soon as this week, the Wall Street Journal reported on Monday.
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Reuters