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

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. [TheStreet.com]

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