Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Goldman Sachs

Goldman Sachs stories: 179 news summaries

61 - 80 of 179 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>

Switch to grid view »

MARKET Open

 Stocks Slump on Retail Data 


Apr 14, 09 8:48 AM CDT
(Newser) - Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than... More »

MORE ABOUT:
stock market • Goldman Sachs • Dow Jones • Nasdaq • retail sales • S&P 500

$1.8B Goldman Sachs Profit Shocks Wall St.

Bank plans $5B stock offering to start
repaying TARP loan

Apr 13, 09 5:12 PM CDT
(Newser) - Goldman Sachs shocked analysts today by announcing a $1.81 billion profit for the first quarter of 2009, the Wall Street Journal reports. “Given the difficult market conditions, we are pleased,” CEO Lloyd Blankfein said. Goldman also announced plans for a $5 billion stock offering that would help... More »

MORE ABOUT:
Goldman Sachs • quarterly profits • stock offering • investment banks • first quarter earnings • TARP

 Brain Drain Wallops Wall Street 

It's not just the firings: others are leaving for safer jobs

Apr 12, 09 3:16 PM CDT
(Newser) - The financial crisis is reshaping not just the landscape of Wall Street, but its face as well, reports the New York Times in a look at the hemorrhaging of the Street's top talent. Layoffs aside, finance's best and brightest—arguably the same daring risk-takers responsible for the recession—are seizing... More »

MORE ABOUT:
Wall Street • Citigroup • Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • banking • banking industry • financial crisis

 Goldman Mulls Stock 
 Offering to Repay Feds 

Hopes to repay $10B government loan

Apr 10, 09 6:54 AM CDT
(Newser) - Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held... More »

MORE ABOUT:
stock market • Goldman Sachs • loan • stock offering • bailout • financial crisis

(Newser) - Amid growing dissatisfaction with government restrictions on bailout funds, President Obama will meet with bank CEOs on Friday, Reuters reports. Several banks have indicated that they will repay their TARP loans to avoid new government rules. In the meeting with execs from Citigroup, Goldman Sachs and others, Obama will urge... More »

MORE ABOUT:
Citigroup • Goldman Sachs • Wells Fargo • Obama administration • banks • financial crisis • Wall Street bailout • President Obama • meeting • TARP

(Newser) - The Treasury's new chief of staff once fought for the very executive bonuses Washington is trying to curb. When working for Goldman Sachs, Mark Patterson lobbied against a 2007 bill supported by Barack Obama to help limit Wall Street payouts. The initiative died in Senate committee. "Whatever Patterson had... More »

MORE ABOUT:
Goldman Sachs • lobbying • Treasury Department • Timothy Geithner

Analysis

 Fed Nearly 
 Exhausts Options  

With rates at 0%, politically unsavory buying program only tool left

Mar 18, 09 8:53 AM CDT
(Newser) - The Fed is almost sure to leave the federal funds rate alone today, mostly because, at about 0%, it literally can’t go any lower. So with deflation still looming, what’s Ben Bernanke to do? One Goldman Sachs analyst says the Fed needs to shave the equivalent of 8... More »

MORE ABOUT:
inflation • Ben Bernanke • Goldman Sachs • Federal Reserve • deflation • Fed funds rate • financial crisis

AIG's Bailout Cash Flowing to Hedge Funds

$52B has paid off
those who bet against the housing market

Mar 18, 09 7:30 AM CDT
(Newser) - The government cash flowing steadily into AIG is going in no small part to pay off hedge funds that bet against the housing market, the Wall Street Journal reports. The hedge funds placed credit default swap bets with other banks—Deutsche Bank and Goldman Sachs are specifically named in documents... More »

MORE ABOUT:
housing market • Goldman Sachs • Deutsche Bank • AIG • subprime crisis • credit default swap

OPINION

Spitzer: AIG Bailout an 'Inside Job'

Scandal isn't bonuses, it's payments to influential debtors

Mar 17, 09 1:43 PM CDT
(Newser) - Eliot Spitzer is mad about AIG, and not because it’s giving out bonuses. No, the real scandal, he writes for Slate, is the tens of billions of taxpayer dollars going to pay back AIG’s counterparties. The decision to bail out AIG was made by Henry Paulson, Timothy Geithner,... More »

MORE ABOUT:
Goldman Sachs • Henry Paulson • Eliot Spitzer • AIG • Lloyd Blankfein • bailout • Timothy Geithner

I'd Rather Say I'm in Porn: Shunned Wall Streeter

Financial types feel they're unfairly 'vilified' in crisis

Feb 3, 09 9:31 AM CST
(Newser) - Working on Wall Street used to have glamor to it—but now, saying you work at JPMorgan or Goldman Sachs immediately establishes you as “one of them,” the New York Times reports. Wall Streeters are facing a new pariah status, and many believe they’re taking an unfair... More »

MORE ABOUT:
Wall Street • Goldman Sachs • bank • anger • financial sector • financial institutions • bankers • JPMorgan Chase • society • financial crisis • blame

ANALYSIS

Pfizer Deal's $22.5B in Loans Hasn't Unlocked Credit

$22.5B loan in deal to acquire Wyeth comes at 7-9% interest, and lenders can walk

Jan 27, 09 9:11 AM CST
(Newser) - Think Pfizer’s $68 billion deal to buy Wyeth, financed in part with $22.5 billion in loans, means credit markets have thawed? Think again, the Wall Street Journal reports. Pfizer’s lenders—including JPMorgan, Bank of America, Goldman, and Citigroup—are charging high interest (7%-9%, with loans due in... More »

MORE ABOUT:
Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • Pfizer • credit market • Wyeth • JPMorgan Chase • credit rating

 Pfizer Snaps Up Wyeth for $68B 

Merger would be largest pharma deal since GlaxoWellcome-SmithKline 2000 merger

Jan 26, 09 6:11 AM CST
(Newser) - The world’s largest drugmaker, Pfizer, is poised to become even more gargantuan after it agreed early this morning to buy rival Wyeth for $68 billion, reports the Wall Street Journal. In the first major merger to hit Wall Street in months, Pfizer will borrow $22.5 billion from... More »

MORE ABOUT:
Citigroup • Bank of America • Goldman Sachs • pharmaceutical companies • mergers and acquisitions • merger • Pfizer • credit • Wyeth • pharmaceutical industry • JPMorgan Chase • financial crisis

Goldman Loses Top Spot in
M&A Rankings

JP Morgan uses financing advantage
to end 7-year reign

Dec 27, 08 3:05 PM CST
(Newser) - Ascendant JP Morgan Chase has knocked Goldman Sachs out of first place in the race for mergers and acquisitions, the Wall Street Journal reports. Dealogic, a merger data provider, says Goldman advised some 295 deals totaling $755.6 billion last year, as compared to JP Morgan’s 350 deals... More »

MORE ABOUT:
Goldman Sachs • mergers and acquisitions • investment banks • JPMorgan Chase

 Bailed-Out Bank Execs 
 Made $1.6B Last Year 

Execs made average of $2.6 million; Merrill Lynch CEO made $83 million

Dec 21, 08 3:45 PM CST
(AP) - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an AP analysis reveals. Benefits at bailed-out institutions like Goldman Sachs, Merrill Lynch, and JPMorgan Chase included cash bonuses, stock options, personal use of company jets and chauffeurs,... More »

MORE ABOUT:
executive compensation • Goldman Sachs • Merrill Lynch • bonuses • John Thain • benefits • JPMorgan Chase • financial crisis • Wall Street bailout • TARP

MARKETS

 Stocks End Mixed; Dow Up 25 

Good news from RIM, Oracle help lift tech sector

Dec 19, 08 3:45 PM CST
(Newser) - Stocks ended mixed today as a rally on the news of a White House bailout for the auto industry fizzled over concerns for the larger economy, MarketWatch reports. General Motors led advancing stocks with a 22.7% gain, and the Dow closed up 25.88 at 8,579.11. The... More »

MORE ABOUT:
Citigroup • Bank of America • Goldman Sachs • Dow Jones • General Motors • Nasdaq • Citibank • auto industry • S&P 500 • financial crisis

MARKETS

 Dow Off 100 as Rate Rally Dies 

Stocks fall on poor earnings, more job cuts

Dec 17, 08 3:27 PM CST
(Newser) - Stocks turned lower as jubilation over the Fed’s rate cut yesterday died down and concerns about the slumping economy returned today, the Wall Street Journal reports. Losses by Morgan Stanley and Goldman Sachs dragged financials lower. The Dow closed down 99.80 at 8,824.34. The Nasdaq fell... More »

MORE ABOUT:
currency • Goldman Sachs • Dow Jones • Morgan Stanley • unemployment • Nasdaq • US dollar • S&P 500 • financial crisis

MARKET Open

 Stocks Creep 
 Up as Inflation Falls 

Fed expected to cut yet more

Dec 16, 08 8:44 AM CST
(Newser) - Stocks stepped higher at the open today, as investors awaited what many assumed would be an interest rate cut from the Federal Reserve. The Dow rose 77 points, while the Nasdaq and S&P added 1.6% and 1.4% respectively. Investors also learned that inflation took its biggest dive... More »

MORE ABOUT:
stock market • Goldman Sachs • Federal Reserve • Nasdaq • Dow • S&P 500

 Recession Bites Into Apple 

November sales down, stock falls

Dec 16, 08 4:57 AM CST
(Newser) - Even apparently recession-proof Apple is now beginning to show signs of strain, and some analysts are predicting a major slowdown for the computer giant next year, the Wall Street Journal reports. US sales of Macs last month declined 1% over a year ago, while PC sales rose 2%. One analyst... More »

MORE ABOUT:
Steve Jobs • Dell • iPhone • Goldman Sachs • electronics • Apple • recession • retail sales • Mac • Wal-Mart • computers • MacBook • Hewlett-Packard

Morgan Stanley to Withhold Bonuses Until Bets Pay Off

Wall Street showing bonus season restraint

Dec 9, 08 8:00 AM CST
(Newser) - Attempting to curb criticism after taking billions in government bailout cash, Morgan Stanley has attached a “claw-back” provision to employee bonuses this year that allows the bank to withhold payouts if employees don’t manage risk properly. The Wall Street behemoth will hold onto a portion of employees’ bonuses... More »

MORE ABOUT:
executive compensation • Goldman Sachs • Morgan Stanley • Merrill Lynch • bonuses • financial crisis • Wall Street bailout

Goldman May See $2B Fourth Quarter Loss

Credit downgrades key catalyst in Wall Street titan's loss of value

Dec 2, 08 7:39 AM CST
(Newser) - After dodging many of the bullets that left its Wall Street peers wounded or dead, Goldman Sachs faces a net loss of up to $2 billion for the fourth quarter, the Wall Street Journal reports. The loss of $5 per share is five times worse than analysts feared as the... More »

MORE ABOUT:
Wall Street • Goldman Sachs • credit crisis • securities • mortgage backed securities • financial crisis

61 - 80 of 179 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>


from our news partners