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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Goldman Sachs

Goldman Sachs stories: 179 news summaries

81 - 100 of 179 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>

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MARKETS

 Dow Up 397 on Positive News 

Financials lead as government moves to help banking giant

Nov 24, 08 3:22 PM CST
(Newser) - Stocks rallied today in a vote of confidence for the $326 billion Citibank rescue plan and Barack Obama’s team of economic advisers, MarketWatch reports. Combined with Friday's surge, the rally was the largest 2-day jump in over 20 years. The Dow rose 396.97 points to close at 8,... More »

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Barack Obama • Citigroup • Bank of America • Goldman Sachs • Dow Jones • Morgan Stanley • Nasdaq • economic stimulus package • S&P 500 • financial stocks • Genworth Financial • Hartford Financial

 Frantic Citigroup
 Considers
 Sell-Off 

Merger or sale become options as bank scrambles to stop the drop

Nov 21, 08 4:20 AM CST
(Newser) - Citigroup is keeping all its options on the table as its share price plunges—including selling itself, insiders tell the Wall Street Journal.  The battered giant's share price plummeted another 26% yesterday—its worst one-day hit ever—chalking up an 83% dive for the year. Directors plan crisis talks... More »

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Citigroup • Goldman Sachs • mergers and acquisitions • Morgan Stanley • Citibank • Vikram Pandit • share price • financial crisis

CEOs Took Billions
Off the Table Before Bust

15 financial, home building bosses made over $100M

Nov 20, 08 8:55 AM CST
(Newser) - Investors have lost some $9 trillion since last year’s stock market peak, but at the center of the maelstrom, CEOs of some of the worst-performing companies are sitting pretty. Fifteen financial services and homebuilding CEOs have accumulated more than $100 million each in the past 5 years in cash... More »

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executive compensation • Goldman Sachs • CEO • Bear Stearns • Lehman Brothers • financial services • Toll Brothers • financial sector • Richard Fuld

 Goldman Bosses 
 Take a Pass 
 on Bonuses 

Wall Street's meltdown prompts top 7 execs to settle for $600,000 base pay

Nov 17, 08 7:10 AM CST
(Newser) - After an abysmal year, Goldman Sachs' top seven executives—including CEO Lloyd Blankfein—will give up their 2008 bonuses, totaling tens of million of dollars, reports the Wall Street Journal. The decision could force other execs on Wall Street to follow suit, reducing some of the pressure on investment banks... More »

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Wall Street • executive compensation • Goldman Sachs • Morgan Stanley • financial crisis

MARKETS

 Dow Off 177 on Poor Earnings 

Goldman report sends life insurance down

Nov 11, 08 3:40 PM CST
(Newser) - Stocks declined today as poor earnings reports made investors bearish, the Wall Street Journal reports. Although news of the Fannie/Freddie plan to speed refinancing efforts for distressed homeowners checked midday losses, the Dow dropped 176.58 to close at 8,693.96. The Nasdaq dropped 35.84, settling at 1,... More »

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Starbucks • Goldman Sachs • Dow Jones • Alcoa • Nasdaq • Toll Brothers • S&P 500 • life insurance • Prudential Financial • Lincoln National

Goldman Urged Clients to Bet Against Bonds
It Sold for Calif.

Could have cost taxpayers millions

Nov 11, 08 2:19 PM CST
(Newser) - Goldman Sachs charged the state of California millions of dollars to handle a bond issue, then told big clients to bet against those bonds, a move that could have cost taxpayers millions, according to a confidential report the company sent out in September. While the advice isn’t illegal, it’... More »

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California • Goldman Sachs • municipal bonds • financial crisis • credit default swap

MARKET Open

 Bears Reign in Early Trading 

Dow down triple digits again

Nov 11, 08 8:57 AM CST
(Newser) - Stocks were trudging downward again this morning, as investors turned a pessimistic eye towards upcoming earnings reports. The Dow was off 217 points a half-hour into the session, while the Nasdaq and S&P traced 33- and 20-point declines of their own. Those declines mirrored moves overseas, with European benchmarks... More »

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stock market • Starbucks • Goldman Sachs • Dow Jones • corporate earnings • Toll Brothers

Wall Street's Bonus Season 'Not Going
to Be Pretty'

Experts are predicting cuts of 20%-50%

Nov 6, 08 7:49 AM CST
(Newser) - For the second consecutive year, Wall Streeters are likely to see their wallets lightened by bonuses projected to be down 20% to 50% from a year ago, reports the Wall Street Journal. And while everyone is likely to be a little blue, the biggest loss of green may be... More »

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Wall Street • Goldman Sachs • investment bankers • bonuses • financial crisis

Banks Owe Execs Billions—
in Previous Years' Pay

Under bailout rules, banks can honor past obligations to execs with federal cash

Oct 31, 08 8:00 AM CDT
(Newser) - The financial titans receiving huge portions of federal bailout cash are sitting on some massive IOUs, but they aren’t to taxpayers or shareholders—the banks owe billions to their own executives for previous years' pay and pensions. Under the rules of the bailout, they can be paid with taxpayer... More »

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Citigroup • Goldman Sachs • Morgan Stanley • bailout • JPMorgan Chase • banks • financial crisis

 Goldman Sachs to Cut Staff 10% 

Restructuring bank will trim 3,000 employees

Oct 23, 08 7:39 AM CDT
(Newser) - Goldman Sachs will cut almost 3,300 jobs, or about 10% of the bank's total staff, an insider told Reuters today. Although Goldman has weathered the credit crisis better than its competitors, its transition from an investment bank to a traditional enterprise means that it will have to obey stricter... More »

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layoffs • Goldman Sachs • credit crisis • shrinking workforce • downsizing • financial crisis

Wall St. Bonuses Are Down, but Hardly Out

Even giants taking a federal handout set aside millions for execs

Oct 22, 08 9:29 AM CDT
(Newser) - Wall Street bonuses could top $23 billion this year despite the woes of the global economy, Forbes reports. Indeed, that figure is down some 30% from last year’s $33.2 billion, but a smaller pool of employees, competition among companies to keep top performers, and the effects of mergers... More »

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Wall Street • Citigroup • executive compensation • Goldman Sachs • bonuses • financial crisis • Wall Street bailout

GLOSSIES

Times Tough for I-Bankers, in 'Marie Antoinette' Kind of Way

Tough times prompt some soul searching, but titans confident they'll regain Wall St. primacy

Oct 20, 08 3:26 PM CDT
(Newser) - With Wall Street in free fall, many of its elite I-bankers are seeing the status quo turned upside-down, Vanessa Grigoriadis writes in New York. Once at the top of the heap, working for companies that praised them as smartest people out there, some are fighting to survive on the Street,... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • lifestyle • investment bankers • hedge funds • financial crisis

 In Crisis, Buffett Is 
 Modern JP Morgan 

'Oracle of Omaha' offers financial, psychological help to stressed America

Oct 6, 08 1:27 PM CDT
(Newser) - Amid the financial panic of 1907, financier JP Morgan stepped in to play the role of central bank, crafting an economic rescue plan and using his personality to offer worried Americans a psychological boost. Today, Warren Buffett’s financial aid to Wall Street and calming influence on Main Street are... More »

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Goldman Sachs • Warren Buffett • General Electric • credit crisis • economy • financial crisis

Paulson Picks Goldman Alum to Oversee Bailout Fund

35-year-old to keep
seat warm until Jan.

Oct 6, 08 9:59 AM CDT
(Newser) - Treasury Secretary Henry Paulson will name former Goldman Sachs banker Neel Kashkari to oversee the $700 billion bailout fund approved last week, reports the Wall Street Journal. The appointment is an interim one for Kashkari, 35, currently an assistant Treasury secretary; a new administration would almost certainly appoint its own... More »

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Goldman Sachs • Henry Paulson • Treasury Department • subprime crisis • bailout • financial crisis • Neel Kashkari

OPINION

Crisis Leaves Goldman Nearly Unruffled

Being ahead of curve, having friends in high places pays dividends

Oct 2, 08 4:08 PM CDT
(Newser) - With the US financial inferno taking down most of the big investment banks, Goldman Sachs is set to emerge “essentially the same institution,” David Weidner writes in MarketWatch, stronger than it was before and with the same powerful array of friends in high places who, intentionally or otherwise,... More »

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Bank of America • Goldman Sachs • Merrill Lynch • Lehman Brothers • JPMorgan Chase • financial crisis

 Buffett Grabs 
 $3B Chunk of GE 

Shrewd market player aiming for windfall after chaos clears

Oct 2, 08 3:59 AM CDT
(Newser) - Mega-pockets investor Warren Buffett is sinking $3 billion into General Electric, whose share prices have slumped a third amid the financial chaos on Wall Street, Reuters reports. Buffet, 78, negotiated a 10% dividend, which could generate $300 million income a year. The move comes a week after he invested $5... More »

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Congress • NBC • Goldman Sachs • Warren Buffett • General Electric • bailout • Coca-Cola Co

ANALYSIS

Execs Were Paid $3B to Lay Credit Crisis Foundation

Wall Street chieftains were well rewarded for risks they took in 2003-07

Sep 26, 08 5:45 PM CDT
(Newser) - More than $3 billion was paid to the chief executives of the five biggest financial firms on Wall Street in the run-up to the credit crisis, Bloomberg reports. While supervising bad mortgage-related credit bets that eventually brought the financial system to its knees, Merrill Lynch’s Stanley O’Neal took... More »

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executive compensation • Goldman Sachs • CEO • Henry Paulson • Bear Stearns • Merrill Lynch • James Cayne • credit crisis • Stanley O'Neal • compensation • investment banks • JPMorgan Chase • financial crisis

ANALYSIS

Goldman Sachs
Is DC's Top
Sugar Daddy

$43M since '89 on lobbying, donations greases bailout wheels

Sep 26, 08 2:20 PM CDT
(Newser) - Goldman Sachs has given Washington plenty of reasons to help it out—43 million reasons, to be precise. Goldman bankers have been the nation’s biggest campaign contributors this year, and have poured more than $43 million into lobbying and campaign war chests since 1989, ABC News reports. “They... More »

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Barack Obama • John McCain • campaign finance • Goldman Sachs • Henry Paulson • lobbying • campaign contributions • bailout • financial crisis

For Buffett, Goldman Deal Was a Snap

But if Congress doesn't pass Treasury's bailout, he'll 'get killed'

Sep 25, 08 10:29 AM CDT
(Newser) - Billionaire Warren Buffett has been getting a lot of calls lately from struggling Wall Street firms looking for a savior, from Bear Stearns to Lehman Brothers to AIG. He’s turned them all down, the Wall Street Journal reports, but when Goldman Sachs called Tuesday, the Oracle of Omaha ponied... More »

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Goldman Sachs • Warren Buffett • Bear Stearns • Lehman Brothers • Lloyd Blankfein • bailout • financial crisis

MARKETS

 Stocks Flat Amid Bailout Wait 

Housing sales decline; Buffet boosts Goldman

Sep 24, 08 3:25 PM CDT
(Newser) - Stocks swung between gains and losses today as the proposed financial bailout continued to dominate conversation but remained unsettled. The technology-rich Nasdaq was more insulated from the swings, and closed up 2.35 at 2,155.68. The Dow lost 29.00 to close at 10,825.17, while the... More »

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Citigroup • Goldman Sachs • Dow Jones • Warren Buffett • Nasdaq • AIG • S&P 500 • financial crisis

81 - 100 of 179 Stories | << Prev 1 2 3 4 5 6 7 8 9 Next >>


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