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Opening Bell: 11.06.09
Dealbreaker — Schottenfeld Draws Scrutiny After Goffer Arrest in Insider Case (Bloomberg) Zvi "Octopussy" Goffer's employer has stated on previous occasions that this sort of thing is not cool but apparently no one was listening when he laid down the law. "There is no place at our firm for individuals who violate the securities laws," Schottenfeld's chairman, Richard Schottenfeld, said in an April 2008 statement. Citi To Relaunch Troubled Hedge Fund Unit (FT) Oh but don't worry about people with good memories. C's got a plan to throw them off the trail: ...

Today's Headlines
Between the Hedges — Bloomberg: - The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. The jobless rate gained from 9.8 percent in September and exceeded 10 percent for the first time since 1983. The so-called underemployment rate -- which includes part- time workers who’d prefer a full-time position and people who want work but have given up looking -- reached a record 17.5 percent from 17 percent ...