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Goldman Loss Thought Likely

Reuters reports that UBS bank analyst Glenn Schorr is predicting that Goldman Sachs is heading for its first quarterly loss in the fourth-quarter since becoming a public company in 1999, on additional writedowns and weaker revenues. The firm's fourth trading period closes out at the end of this month.

Working To Get 'Laid-Off' (Again)

Dancing Through The Fields

'I'm having the time of my life at the moment. Our bosses are so worried about their own bonuses (or lack of them) and their own job security (or lack of it), that they are spending all their time brown-nosing higher-ups and play internal politics. It's great, coz no-one is taking care of the store anymore, and guys like me are getting away with murder. I haven't done a proper day's work in months!

Who Is Barack Obama ?

Barack Hussein Obama II; (born August 4, 1961) is the junior United States Senator from Illinois and President-elect of the United States of America.

Firm In The News - UBS

UBS posted its third-quarter earnings Tuesday. As expected, the firm brought in a net profit of $256.3m, it's first profitable quarter in the last five.

More Bonus Details Emerge

The International Herald Tribune reported last week that the the funds put away for bonuses in the first three quarters equates to bonuses of $210,300 for the 'average' employee at Goldman (down 32% on last year), $138,700 at Morgan Stanley (down 20%) and $110,000 at Merrill Lynch (marginally up on last year). The Guardian now puts some color on the bonus allocations for the period for some of the European players.