INVESTMENT

Goldman shareholder sues ex-director Gupta

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A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, on Monday over trades revealed at the criminal insider trading trial of Galleon hedge fund founder Raj Rajaratnam.

Goldman Sachs shareholder sues ex-director Gupta

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A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.
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People wait in line to attend a job fair for military veterans and other unemployed people in Los Angeles

Employment Data & Market Implications

A weaker than expected May jobs report and downward revisions to the March and April releases has rekindled fears of either a double dip recession or a stagflationary economic environment.

Groupon Files For IPO

Groupon has become the next big social company to file for an IPO, following in LinkedIn's footsteps.
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Top UBS investment bankers defect to Citi

Two of top UBS AG investment bankers, Cary Kochman and Jim Glerum, have left the firm to join Citigroup , yet another blow to the investment bank grappling with an exodus of senior dealmakers.
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Medco Health Lost FEP Contract, a Signal for More Aggressive Pricing?

FBR Capital Markets lowered its price target on shares of Medco Health Solutions Inc. (NYSE: MHS) by $4 to $71, while maintaining its outperform rating. The brokerage said it maintained its rating despite the recent announcement of Medco losing $3 billion of annual revenue from Federal Employees Program (FEP) contract going to competitor CVS Caremark Corp. (NYSE: CVS).

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