Madoff relocates a second time
Jailed author of the biggest Ponzi scheme in U.S. history is on his the move again. He is currently being transferred from a medium security prison in Atlanta to an undisclosed location, according to the Federal Bureau of Prisons, CNN reported. Madoff arrived at the Atlanta prison on Tuesday after he was moved from his New York jail cell.
Goldman reports soaring 2Q profits
Goldman Sachs Group Inc. posted record second quarter earnings as revenue from trading and stock underwriting delivered all time high results. Revenue at the New York-based bank jumped 46 percent to $13.8 billion compared to the same period last year. Net earnings grew 65 percent to $3.43 billion compared to a year ago.
Treasury secretary says improvements are taking place more quickly than expected
Treasury Secretary, Timothy Geithner, on Tuesday said the U.S. economy is showing signs of improvement more quickly than had been expected. Geithner did not comment on calls by some economists for a second stimulus package on top of the $787 billion plan signed into law earlier.