GOLDMAN SACHS

Michael Kors

Michael Kors makes a glitzy market debut

Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.

How Much is Facebook Worth? Finances Revealed Before 2012 IPO

Facebook
The social networking giant is swimming in cash. A source with knowledge of Facebook's finances told Gawker that Facebook might be doing even better than investors expect -- a promising outlook for the company which has shown interest in floating an IPO offering in 2012. But how much is Facebook worth, exactly?
Gold sculpture in a Chow Tai Fook store

World's Largest Jewelry Retailer Goes Public

For tycoon Cheng Yu-Tung, 86, listing his jewellery retailer Chow Tai Fook, the world's largest, on the Hong Kong Stock Exchange paves the way for his younger generation to strengthen its position in China's glittering market.
More news
International Monetary Fund's Economic Counsellor Olivier Blanchard presents the World Economic Outlook in Washington

Eurozone Agreement an Incomplete Solution to the Problem: IMF

An agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Eurozone's debt crisis, International Monetary Fund Economic Counsellor Olivier Blanchard said Sunday.
IBTimes Logo

Blue Coat Systems Inc. Agrees to go Private for $1.1 Billion

Blue Coat Systems Inc., a maker of equipment that secures, monitors, and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria.
IBTimes Logo

Wall St rallies on EU deal but concerns linger

Stocks rallied on Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's budget rules to help restore market confidence after a two-year sovereign debt crisis.
IBTimes Logo

MF Global clients to get $2.2 billion

A judge approved a $2.2 billion transfer to U.S. commodities customers of fallen brokerage MF Global on Friday as a trustee acknowledged there were suspicious transfers leading up to its October 31 collapse.
NYSE

Large U.S. Bank Stocks Happy on Euro Summit News

Stock in the largest American banks were particularly bullish on the developments, trading up in heavy volume during pre-market action in the New York Stock Exchange. Shares of Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) were up more than 2 percent in very early pre-market trading. Morgan Stanley (NYSE:MS), whose operations are generally considered to be more sensitive to developments out of Europe than its large bank peers in the U.S., was up over 3 percent.
Euro banknotes.

Markets Now Seeing Once-Unthinkable Greek Eurozone Exit as Inevitable

Talk of Greece voluntarily leaving -- or being kicked out of -- the eurozone was once verboten. Now bank economists, investors, and even central bankers are talking about it as though it's a done deal. The divide between rhetoric is also growing. Those predicting the future Greek exit are calling it "manageable," while those saying it won't happen are labeling the possibility "catastrophic."
IBTimes Logo

Corzine apologizes for collapse of MF Global

Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is.
Mario Draghi speaks during a news conference at the G20 Summit in Seoul.

ECB Cuts Rates to Record Low on Recession Fears

The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the Eurozone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.