International Business News - Sachs http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Goldman Sachs Group Inc.'s exposure to the volatile stock markets is prompting analysts to predict a steep loss for the company's fiscal fourth quarter. http://www.ibtimes.com/articles/20081202/analysts-see-goldman-posting-a-steep-4q-loss.htm Tue, 02 Dec 2008 19:27:37 EST Goldman Sachs Group Inc. could face losses totaling $2 billion when it reports its fiscal fourth-quarter results because of continued market turmoil and the expectation for large write-downs, according to a report in The Wall Street Journal on Tuesday. http://www.ibtimes.com/articles/20081202/ahead-of-the-bell-goldman-sachs-faces-2b-loss.htm Tue, 02 Dec 2008 09:09:19 EST Shares of Goldman Sachs Group Inc. dropped sharply on Monday as the broader market tumbled on concern about the economy and analysts cut their earnings estimates to reflect a dismal quarter. http://www.ibtimes.com/articles/20081201/goldman-falls-with-market-analysts-cut-estimates.htm Mon, 01 Dec 2008 20:29:55 EST Among the premarket stories for Friday, Nov. 21, from AP Financial News: CHARLOTTE, N.C. (AP)--Shares of Goldman Sachs Group Inc. hovered above their 1999 initial public offering price of $53 in premarket trading Friday as the investment bank continues to fight off fears surrounding its financial health. http://www.ibtimes.com/articles/20081121/premarket-roundup-goldman-sachs-citigroup.htm Fri, 21 Nov 2008 09:11:21 EST Shares of Goldman Sachs Group Inc. hovered above their 1999 initial public offering price of $53 in premarket trading Friday as the investment bank continues to fight off fears surrounding its financial health. http://www.ibtimes.com/articles/20081121/goldman-shares-hover-above-53-1999-ipo-price.htm Fri, 21 Nov 2008 08:44:30 EST Goldman Sachs, which earlier this year said it expected oil to reach $200 a barrel, said it is discontinuing its crude-oil trading recommendations as it does not see "significant upside potential" to oil. http://www.ibtimes.com/articles/20081120/goldman-to-discontinue-oil-recommendations.htm Thu, 20 Nov 2008 18:10:19 EST Shares of the two remaining investment banks slipped Monday, despite news that Goldman Sachs' top executives are foregoing their bonuses this year. The decline came as analysts cut their estimates for the companies, with a Bernstein Research analyst noting this past quarter "represented the most difficult capital market environments in the last decade." http://www.ibtimes.com/articles/20081117/goldman-morgan-stanley-sink-analysts-cut-outlook.htm Mon, 17 Nov 2008 20:54:19 EST Goldman Sachs Group Inc. said its top executives are foregoing bonuses in 2008, while a Citi Investment Research analyst became the latest to cut his earnings estimates for the bank. http://www.ibtimes.com/articles/20081117/ahead-of-the-bell-goldman-sachs.htm Mon, 17 Nov 2008 08:18:10 EST Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday. http://www.ibtimes.com/articles/20081116/no-bonus-this-year-for-goldman-sachs-ceo-blankfein.htm Sun, 16 Nov 2008 20:36:04 EST Among the stock activity stories for Friday, Nov. 14, from AP Financial News: NEW YORK (AP)--Shares of Goldman Sachs and Morgan Stanley continued to plunge Friday as another analyst cut his estimates on the banks amid a weak credit market and as the pair near the end of their fiscal fourth quarters on Nov. 30. http://www.ibtimes.com/articles/20081114/movers-roundup-goldman-morgan-stanley-boeing.htm Fri, 14 Nov 2008 14:58:09 EST Among the stock activity stories for Wednesday, Nov. 12, from AP Financial News: NEW YORK (AP)--Shares of Goldman Sachs Group Inc. fell as the broader market again declined Wednesday morning and after an analyst cut his price target on the stock. http://www.ibtimes.com/articles/20081112/movers-roundup-goldman-sachs-arcelormittal.htm Wed, 12 Nov 2008 14:40:54 EST Shares of Goldman Sachs Group Inc. fell as the broader market again declined Wednesday and after an analyst cut his price target on the stock. Goldman shares fell $7.89, or 10.6 percent, to $66.79 after hitting an annual low of $64.54 earlier in the session. The broader market fell as well, with the Dow Jones industrial average dropping more than 410 points and Standard & Poor's 500 index declining more than 5 percent. http://www.ibtimes.com/articles/20081112/goldman-sachs-shares-fall-with-broader-market.htm Wed, 12 Nov 2008 19:45:04 EST Goldman Sachs Group Inc. shares rose Tuesday morning, despite another analyst slashing financial forecasts for the bank amid the ongoing problems in the credit and equity markets. http://www.ibtimes.com/articles/20081111/goldman-sachs-shares-rise-despite-analyst-cut.htm Tue, 11 Nov 2008 10:47:09 EST Shares of Goldman Sachs Group Inc. fell sharply Monday morning as another analyst cut his fiscal fourth-quarter forecast amid the sever downturn in the credit markets in recent months. http://www.ibtimes.com/articles/20081110/goldman-shares-fall-as-analyst-forecasts-4q-loss.htm Mon, 10 Nov 2008 11:11:19 EST Goldman Sachs shares tumbled Thursday, as Morgan Stanley's Patrick Pinschmidt joined a handful of analysts who expect the investment bank to report its first quarterly loss since going public in 1999. http://www.ibtimes.com/articles/20081106/morgan-stanley-sees-4q-loss-at-goldman-sachs.htm Thu, 06 Nov 2008 19:31:57 EST Goldman Sachs Group Inc. has begun notifying about 3,200 employees globally that they have lost their jobs, as the world's biggest investment bank slashes expenses to ride out the financial crisis, a person familiar with the situation said Wednesday. http://www.ibtimes.com/articles/20081105/goldman-begins-to-cut-10-percent-of-staff.htm Wed, 05 Nov 2008 17:03:26 EST Goldman Sachs Group Inc. approached Citigroup about a possible merger last month, shortly after the investment firm received approval to become a commercial bank. http://www.ibtimes.com/articles/20081027/ahead-of-the-bell-goldman-sought-deal-with-citi.htm Mon, 27 Oct 2008 08:26:03 EDT Goldman Sachs Group Inc. is cutting about 10 percent of its work force amid the ongoing downturn in the credit and lending markets, a person briefed on the plan said Thursday. http://www.ibtimes.com/articles/20081024/goldman-sachs-said-to-cut-10-percent-of-work-force.htm Fri, 24 Oct 2008 05:27:58 EDT Goldman Sachs Group Inc. is cutting about 10 percent of its work force amid the ongoing downturn in the credit and lending markets, a person briefed on the plan said Thursday. http://www.ibtimes.com/articles/20081023/goldman-sachs-said-to-cut-10-percent-of-work-force.htm Thu, 23 Oct 2008 17:02:19 EDT Goldman Sachs Group Inc. is expected to cut about 10 percent of its work force, according to a published report Thursday. The Wall Street Journal, citing unnamed sources, said the New York-based bank plans to cut about 3,260 jobs amid the ongoing credit crisis. http://www.ibtimes.com/articles/20081023/ahead-of-the-bell-goldman-sachs.htm Thu, 23 Oct 2008 07:42:44 EDT