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Goldman Sachs boss says banks do God's work

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing God's work.

UK, Australia seek UBS data after U.S. tax case

Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.

Wall Street firms skittish about RUSAL IPO: report

Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

Stocks eye retailers as jobless ranks swell

As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.

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SEC sees evolution in insider trading

A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s.

Gold Wheaton to buy gold from First Uranium

Canada's Gold Wheaton Gold Corp said its Barbados unit agreed with First Uranium Corp to buy gold from its South African unit for an initial payment of $50 million.

Blackstone posts profit; sees more deals ahead

Private equity firm Blackstone Group LP posted a forecast-beating quarterly profit and said it is gearing up for more deals and IPOs as the lending and equity markets recover.

Magna results, renewed focus drive shares higher

Shares of Magna International Inc were up more than 12 percent on Friday, a day after it posted a surprise quarterly profit and said it would focus on its core auto-parts business after the collapse of its deal to buy a stake in General Motors Co's Opel unit.

Former WorldPay boss keen to buy RBS WorldPay

A founder of part of payments processing business RBS WorldPay is interested in buying all of the business back from Royal Bank of Scotland after the UK bank was told to sell it by European competition authorities.

BofA CEO search to drag until Thanksgiving: report

Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.

BofA CEO search to drag until Thanksgiving - report

Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.

Daily Outlook - Nov 6

Unemployment Hits 10.2 Pct; Nations' Keeping Economic Support for Now; AIG Rises Again

Gold hovers around $1,090, U.S. jobs data eyed

Gold held steady around $1,090 an ounce on Friday after its rally to a record high this week on anticipation of renewed central bank demand came to a halt, with investors looking to economic data for direction.

REFILE-EURO BONDS-EDF, Banco Popolare, Allied Irish, Caja Madrid

News, details on corporate bond issues in the European markets on Friday:

Banks help FTSE gain 0.2% ahead of U.S. jobs data

Britain's leading share index was up 0.2 percent approaching midday on Friday with a rally by banks offsetting weakness in oil majors in thin trade as investors await the key U.S. October jobs report.

Stock futures mixed ahead of payroll figures

U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m. EST.

Carlyle to buy restaurant chain in $232 Mln MBO

The Carlyle Group said on Friday it would buy a Japanese restaurant chain operator in a 21 billion yen ($230 million) management buyout, its second deal in Japan in two weeks.

Korea Life may raise around $2 bln in IPO-sources

Korea Life Insurance Co., the country's No. 2 life insurer, may raise around $2 billion through its public offering, sources with direct knowledge of the matter said, in what would be Korea's largest IPO since 2006.

Japan Airlines survival hinges on pension cuts

Five years after retiring from Japan Airlines Corp, former pilot Tsutomu Watanabe is fighting to protect the pension he was promised but that the airline can no longer afford to pay.

Sparring over evidence at Wall Streeters trial

In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told black and white lies, but a defense lawyer attacked the government for misleading the jury.

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