Wednesday's Headlines: Goldman's Employees Learn Social Networks Aren't So Bad

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Goldman Sachs, which discourages staffers from using social networks in the office, is giving tutorials to some on how to use Facebook. [Bloomberg]

Morgan Stanley named Jim Rosenthal, the bank's CIO, as chief operating officer. [Reuters]

Michael Tedesco, a Citi tech banker who advised on Hewlett-Packard's deal for Electronic Data Systems, is jumping to Jefferies. Deal Journal]

Wall Street executives from JPMorgan and other banks are being considered for positions in President Obama's cabinet. []

Blackstone and other firms are among those who could launch $1 billion+ hedge funds in 2011. [Finalternatives]

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