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October 10, 2008 11:58:50 PM CDT

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Stories related to: Goldman Sachs

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Stories 21 - 40 of 87

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  • September 2008

    • Goldman Profit Drops 70%, Still Beats Estimates

      Bloomberg  |  Sep 16, 08 8:37 AM CDT

      Goldman Profit Drops 70%, Still Beats Estimates

      (Newser) - Amid the financial industry's meltdown, survivor Goldman Sachs reported that third-quarter profit plunged by 70%—the sharpest decline in its history as a public company, but still enough to beat estimates of $1.71 per share. The bank dipped 7% in New York trading, Bloomberg reports, after reporting an income decline of $1.81 per share to $845 million. Year-earlier income was $2.85 billion. More »

    • Still Standing, Morgan Stanley, Goldman Face Bleak Times

      Wall Street Journal  |  Sep 15, 08 6:27 AM CDT

      Still Standing, Morgan Stanley, Goldman Face Bleak Times

      (Newser) - With Bank of America buying Merrill Lynch, and Lehman brothers heading into Chapter 11, Goldman Sachs and Morgan Stanley are the last major independent investment banks standing on Wall Street. But having survived as the fittest doesn't guarantee an easy ride, reports the Wall Street Journal, as both will have to deal with continued market fallout —and belatedly tighten their belts. More »

      Tags

      Lehman Brothers  • Merrill Lynch  • Goldman Sachs  • Bank of America  • Morgan Stanley

    • 10 Banks Form $70B Fund to Stave Off Crash

      Financial Times (UK)  |  Sep 15, 08 5:27 AM CDT

      10 Banks Form $70B Fund to Stave Off Crash

      (Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times . All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay in business while Lehman is being wound down. They will also be able to borrow from the Fed under newly relaxed terms. More »

      Tags

      Federal Reserve  • Wall Street  • Henry Paulson  • Lehman Brothers  • Citigroup  • Merrill Lynch  • Goldman Sachs  • JPMorgan Chase  • Bank of America  • Morgan Stanley  • UBS  • Barclays  • liquidity  • investment banks  • Deutsche Bank  • Credit Suisse  • funds

    • Stocks Mixed; Down For Week

      MarketWatch  |  Sep 5, 08 3:26 PM CDT

      Stocks Mixed; Down For Week

      (Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the S&P 500 rose 5.48, settling at 1,242.31. More »

      Tags

      Dow Jones  • S&P 500  • Nasdaq  • Merrill Lynch  • Goldman Sachs  • unemployment  • oil prices  • SanDisk

  • August 2008
  • July 2008

    • Who Is Vivi? Media World's Mystery Man

      New York Times  |  Jul 28, 08 6:49 AM CDT

      Who Is Vivi? Media World's Mystery Man

      (Newser) - He has major stakes in Time Warner and Goldman Sachs, he hangs out with Lenny Kravitz and the boss of Morgan Stanley, and he's engaged to the impossibly beautiful Chinese actress Zhang Ziyi. But Vivi Nevo is an unknown quantity: the mogul came from nowhere and, through a series of shrewd investments, has made himself into one of the most influential players in the media industry. The New York Times looks at the rise of the man his colleagues call "the international man of mystery." More »

      Tags

      media  • Goldman Sachs  • Time Warner  • entertainment industry  • Zhang Ziyi

  • June 2008

    • Global Econ Puzzle Awaits New President

      Financial Times (UK)  |  Jun 27, 08 10:42 AM CDT

      Global Econ Puzzle Awaits New President

      (Newser) - Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times , the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise of emerging economies, whose share of world GDP has doubled since George W. Bush took office. More »

      Tags

      Election 2008  • United States  • Goldman Sachs  • globalization  • economics  • developing countries  • BRICs

    • 'Difficult' Dow Ends Down 358

      Wall Street Journal  |  Jun 26, 08 3:37 PM CDT

      'Difficult' Dow Ends Down 358

      (Newser) - Stocks plunged today due to the convergence of bad news across all sectors of industry against the backdrop of oil’s first surge over $140 a barrel, the Wall Street Journal reports. The Dow plummeted to a 2-year-low, shedding 358.41 to 11,453.42. The Nasdaq fell 79.89, settling at 2,321.37, and the S&P 500 fell 38.82 to close at 1,283.15. More »

      Tags

      Dow Jones  • Federal Reserve  • S&P 500  • Nasdaq  • oil price  • inflation  • Goldman Sachs  •