A so-so year for Goldman, a banner year for Blankfein
Last year, profits at Goldman Sachs fell 38 percent, and the investment bank paid the U.S. government $550 million to settle charges of misleading investors. Goldman is marking the so-so year by more than tripling the base salary of CEO Lloyd Blankfein, to $2 million, and awarding him shares worth $12.6 million, up from $9 million last year.
Fortune.com
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GDP regains 2007 high
U.S. economic output has finally regained the high reached before the recession struck in late 2007. In 2010, U.S. gross domestic product reached $13.38 trillion, slightly more than 2007’s total output of goods and services. The GDP in 2009 totaled $12.81 trillion.
The Wall Street Journal
Google's Android overtakes Nokia's Symbian
Google’s Android became the world’s most popular smartphone operating system in the last quarter of 2010, with phone makers selling 32.9 million Android-equipped handsets, compared with 31 million phones with Nokia’s Symbian operating system.
Chicago Tribune
2010's low-wage jobs
Higher-wage jobs—paying $17.43 to $31 an hour—accounted for almost half the jobs lost during the recession, according to the National Employment Law Project. Of the jobs created during the first seven months of 2010, 76 percent paid $8.92 to $15 an hour.
CNNMoney.com
Will Tevatron physicists flood Wall Street?
The Tevatron, America’s largest atomic-particle accelerator, will shut down its operations in Batavia, Ill., later this year for lack of funding, putting 1,200 physicists out of work. Their next stop could be Wall Street, where math whizzes are in high demand.
Associated Press
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