Worldwide News
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, gave Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease from $12.6 million a year earlier.
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Stocks surged, extending the best start to a year for the Standard & Poor’s 500 Index since 1987, and Treasuries slid as better-than-forecast growth in U.S. jobs bolstered optimism in the economy. Cocoa, lead and zinc led commodities higher while gold, silver and natural gas fell.
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Federal Reserve Bank of St. Louis President James Bullard said reports on the U.S. economy such as today’s better-than-forecast employment data indicate that more Fed purchases of bonds aren’t necessary.
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The European Central Bank is considering using its bond holdings to bolster Greece’s next rescue program and support efforts to contain the sovereign debt crisis, three euro-region officials said.
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