According to Bloomberg, Goldman Sachs' corporate credit rating was downgraded to AA-, from A+
Occupy Wall Street registers as one of the biggest surprises of 2011. Despite constant criticisms that it lacked a concrete set of goals or demands, Occupy Wall Street's broad critique of economic injustice resonated with a country still grappling with the fallout from the financial crisis. A timeline of the movement.
Heungkuk Life Insurance Co has withdrawn a $47 million lawsuit against Goldman Sachs & Co over the Timberwolf collateralized debt obligation and will arbitrate the case instead.
Shares of troubled search engine and media developer Yahoo surged nearly 6 percent late Wednesday after a report the company may unload its stake in China’s Alibaba Group for about $17 billion.
New York City's pension funds want three big Wall Street banks to impose tougher compensation-clawback rules for top executives.
Whether it involves embarrassing tweets, tone-deaf CEOs or even the disappearance of money, some oops moments need be relived just one more time.
U.S. stocks soared on Tuesday. The Dow Jones Industrial Average (DJIA) ended up 337 points, or 2.9 percent, to close at 12,103. The S&P 500 Index rose 36 points, or 3 percent, to 1,241, while the NASDAQ rose 80 points, or 3.2 percent, to 2,604.
At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions for next year. A look at some of the more salient predictions.
Ekaterina Rybolovleva is a mere 22-years-old but she just dropped $88 million on a 6,744-square foot apartment at 15 Central Park West. The apartment boasts 10 rooms, including four bedrooms, a wrap-around terrace and two wood-burning fireplaces.
NDS Group Holdings Ltd, which provides software services to pay television, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
Ex-Citigroup chairman Sanford Weill has sold his penthouse at 15 Central Park West in Manhattan for $88 million, a new record for a single residential sale in the city.
In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
Commodities trader Trafigura's profits soared nearly two-thirds to a record over $1 billion this year, the Financial Times reported on Sunday, citing a note to bondholders.
Last week, investors could finally buy a share of Internet gaming site Zynga, which was priced Thursday at $10 a share in the company’s $1 billion initial public offering. What did they say about other IPOS as well as Facebook's for 2012?
A unique deal to protect part of the annual bonus pool at UBS Australia expires within weeks, say sources with direct knowledge of the matter, raising the prospect that the business may lose some top talent should it not be renewed.
With less than two weeks left before the end of the year, all kinds of market participants, from economists at multinational banks to stock bloggers in their bedrooms, have begun to give their predictions for 2012. Here is a lucky set of seven predictions that could benefit investors next year.
Shares of Zynga, the online gaming developer linked to Facebook, closed at $9.50 Friday, 50 cents below their initial public offering price Thursday as the company raised $1 billion in the biggest IPO since Google.
Fitch Ratings, the third-biggest of the major credit rating agencies, on Thursday downgraded Goldman Sachs, Deutsche Bank and five other large banks based in Europe and the United States, citing increased challenges in the financial markets.
European shares were slightly higher on Friday at mid-day amid thin trading as miners tracked rising metal prices, offset by lingering concerns over the Eurozone debt crisis and reservations ahead of U.S. inflation data.
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
Fitch Ratings, the third-biggest of the major credit rating agencies, downgraded seven global banks based in Europe and the United States, citing "increased challenges" in the financial markets.
Goldman Sachs Group Inc has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas, according to an internal memo distributed Thursday morning.
