IBTimes.com : Goldman Sachs Topic

Goldman may break up sale of Swedish oil group: paper

Sun, 27 May 2012 09:56:02 EDT

Goldman Sachs is considering selling off Swedish oil group Svenska Petroleum Exploration in chunks, the Independent on Sunday reported.

Murdoch private eye targeted U.S. hedge fund boss

Fri, 25 May 2012 13:49:03 EDT

A private detective working for Rupert Murdoch's British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London's swankest hotels, records reviewed by Reuters show.

Exclusive: F1 chairman puts brake on IPO talk

Fri, 25 May 2012 13:00:05 EDT

Businessman Peter Brabeck, celebrating his appointment as Formula One chairman on Friday, said the motor racing series had not made a decision on whether to proceed with a much discussed $10 billion listing on the stock market in Singapore.

Mortgage Executive Sells 15 Central Park West Condo For $23.3 Million, Twice What He Paid

Fri, 25 May 2012 12:36:35 EDT

The CEO of a New York commercial mortgage company sold his personal condo at 15 Central Park West, one of the most expensive buildings in the world, for $23.3 million, according to city records filed Friday.

Facebook Shares Drop Again On New Probes Despite Morgan Stanley Investor Pledges

Fri, 25 May 2012 11:19:16 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.

Goldman Sachs, Bank of America Downgrade India's Growth Outlook

Fri, 25 May 2012 09:27:34 EDT

India's growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.

Goldman Sachs Shareholders Approve Executive Pay Plans, Turns to Twitter to Improve Image

Fri, 25 May 2012 02:59:03 EDT

Bank's chief executive Lloyd Blankfein would be taking a pay cut and receive lower pay compared to his counterparts in JPMorgan and Citigroup, shareholders told.

Global Markets Overview - 05/25/2012

Thu, 24 May 2012 19:24:47 EDT

U.S. stocks finished mostly higher after late afternoon comments from the Italian premier boosted confidence that Greece would stay in the euro zone. The Dow Jones Industrial Average finished up 34 points, or 0.3%, at 12530, after bouncing back from a 0.6% slide.

Email, wiretaps, at trial link Gupta to Rajaratnam

Thu, 24 May 2012 19:14:02 EDT

Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime corporate star Rajat Gupta.

Facebook's Shares Recover, But IPO Wounds Fester

Thu, 24 May 2012 12:22:18 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.

How Much Did Facebook’s Bankers Rake In For The Mega-IPO?

Thu, 24 May 2012 11:41:29 EDT

Facebook (Nasdaq: FB), the No. 1 social network, didn’t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.

How’s Facebook Faring On Thursday?

Thu, 24 May 2012 11:22:15 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, are up six cents to $32.06 in late morning trading on Thursday.

Stock index futures point to lower start

Thu, 24 May 2012 04:56:02 EDT

Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones down 0.4 percent, while Nasdaq 100 contracts had shed 0.5 percent at 0827 GMT.

Media exec Sloan eyes Australia's Nine Entertainment: source

Thu, 24 May 2012 00:28:02 EDT

U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge of the matter said.

Shareholders sue Facebook, NYSE comes calling

Wed, 23 May 2012 22:00:02 EDT

The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies.".

Global Markets Overview - 05/24/2012

Wed, 23 May 2012 19:01:10 EDT

U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone

First Wiretap Played At Gupta's Insider Trading Trial

Wed, 23 May 2012 18:49:03 EDT

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

Spain bails out Bankia, seeks plan for troubled regions

Wed, 23 May 2012 17:35:02 EDT

Spain announced a 9-billion-euro (7.22 billion pounds) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country deeper into the euro zone crisis.

Goldman sets $40 billion clean energy investment plan

Wed, 23 May 2012 17:28:03 EDT

Goldman Sachs Group Inc plans to channel investments totalling $40 billion (25.49 billion pounds) over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001.

Spain to inject $11.3 billion funding gap at Bankia

Wed, 23 May 2012 14:42:02 EDT

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

Spain to fill 9 billion euro funding gap at Bankia

Wed, 23 May 2012 14:35:02 EDT

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros (7.2 billion pounds), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

Gupta trial jury told about "top secret" Buffett deal

Wed, 23 May 2012 14:14:03 EDT

The deal that gave Goldman Sachs Group Inc a $5 billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified at the insider-trading trial of onetime Goldman board member Rajat Gupta.

Facebook Shares Rise 3% Despite Subpoenas, Lawsuit, Complaints About IPO

Wed, 23 May 2012 09:29:50 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose nearly 5 percent Wednesday despite continuing fallout from its May 17 initial public offering.

Spain's Banks In Focus Ahead Of Bankia Rescue Plan

Wed, 23 May 2012 07:35:03 EDT

Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.

Specialist banks cherry pick from lay-offs

Wed, 23 May 2012 03:35:02 EDT

Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

China plans brokerage reforms to create its own Goldman Sachs

Wed, 23 May 2012 03:28:02 EDT

China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley , a regulatory document showed.

Guessing game begins over next Treasury chief

Wed, 23 May 2012 01:14:03 EDT

Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis.

Regulators, investors turn up heat over Facebook IPO

Wed, 23 May 2012 01:00:05 EDT

Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.

Global Markets Overview - 05/23/2012

Tue, 22 May 2012 19:17:43 EDT

U.S. stocks erased gains from a day spent mostly in positive territory to close flat Tuesday, as worries resurfaced in late trading about potential European instability.

Gupta jury hears competing views of Rajaratnam ties

Tue, 22 May 2012 19:14:02 EDT

Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers.

SEC, FINRA to review Facebook issues, Nasdaq sued

Tue, 22 May 2012 17:00:04 EDT

Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.

SEC, FINRA call for Facebook review, pressure builds

Tue, 22 May 2012 15:42:02 EDT

Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.

Facebook shares drop again as SEC, FINRA call for review

Tue, 22 May 2012 14:42:02 EDT

Facebook's shares fell sharply again on Tuesday and two top U.S. financial regulators called for a review of the circumstances surrounding its troubled initial public offering last week.

Gupta on Rajaratnam's "important people" list: witness

Tue, 22 May 2012 13:28:02 EDT

Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday.

Facebook drops again as pressure to perform mounts

Tue, 22 May 2012 11:35:02 EDT

Facebook's shares fell again on Tuesday, leaving them down nearly one-third from Friday's highs as questions mounted over the company's financial prospects and its ability to grow fast enough to meet the hype surrounding its stock.

BlackRock Buys Stake in Formula 1 Ahead of Singapore IPO

Tue, 22 May 2012 11:25:31 EDT

Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.

Wall Street set for flat open; Facebook down premarket

Tue, 22 May 2012 09:21:02 EDT

Wall Street was set to open little changed on Tuesday as concerns about global growth weighed on investor sentiment.

Facebook Shares Recover After 9% Plunge But Fall Again

Tue, 22 May 2012 09:02:54 EDT

Shares of Facebook (Nasdaq: FB), the No. 1 social network, kept falling Tuesday, three business days after its $16,7 billion initial public offering.

Stocks futures turn higher after Best Buy results

Tue, 22 May 2012 08:35:02 EDT

Stock index futures rose on Tuesday, erasing earlier losses, after shares of No. 1 consumer electronics chain Best Buy jumped following earnings and revenue that topped expectations.

Stock futures drop on global growth concerns

Tue, 22 May 2012 08:14:02 EDT

Stock index futures edged lower on Tuesday after Japan's sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt.

Stock futures signal higher Wall Street open

Tue, 22 May 2012 04:49:02 EDT

Stock index futures pointed to a slightly higher Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.2 percent.

Insight: Morgan Stanley cut Facebook estimates just before IPO

Tue, 22 May 2012 01:28:02 EDT

In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.

Insight - Morgan Stanley cut Facebook estimates just before IPO

Tue, 22 May 2012 01:21:03 EDT

In the run-up to Facebook's $16 billion IPO, Morgan Stanley , the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.

Blackrock, others buy $1.6 billion stake in F1 - sources

Tue, 22 May 2012 00:49:02 EDT

Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.

MF Global paid Corzine $8 million in year before collapse

Mon, 21 May 2012 22:42:02 EDT

Former MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the year before it went bankrupt.

Flurry Of Arguments Start Gupta's Insider Trading Trial

Mon, 21 May 2012 19:14:03 EDT

Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.

Flurry of arguments starts Gupta insider-trading trial

Mon, 21 May 2012 19:14:02 EDT

Global Markets Overview - 05/22/2012

Mon, 21 May 2012 19:10:55 EDT

The Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock.

Prosecutor says Gupta cheated, abandoned duties

Mon, 21 May 2012 17:42:02 EDT

A former Goldman Sachs Group Inc board member "threw away his duties" in divulging secrets about the investment bank to now-imprisoned hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of a major insider-trading trial on Monday.

France presses for euro area bonds as crisis salve

Mon, 21 May 2012 15:35:02 EDT

France's Francois Hollande will push a proposal for mutualising European debt at an informal summit of EU leaders in Brussels this week, increasing pressure on German Chancellor Angela Merkel to drop her opposition to the idea.