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Posts related to ‘GS’

Buffett’s Unusual Position At Berkshire Hathaway Annual Meeting (BRK-A, BRK-B, GS, IBM, INTC, MSFT, DVA, DG, KO, WFC)

This weekend has perhaps the most widely followed annual meeting from any public company in America as Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will have its shareholder meeting in ...
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Media Digest (5/4/2012) Reuters, WSJ, NYT, FT, Bloomberg

Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) ...
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Bank Of America Readies More Job Cuts

The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this ...
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What’s Important in the Financial World (5/1/2012) Financials Lift DJIA for Q1, Bank of America Layoffs

BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion ...
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Media Digest (4/27/2012) Reuters, WSJ, NYT, FT, Bloomberg

S&P downgrades Spain and presses for EU action on debt. (Reuters) The U.S. economy slows as inventories fall. (Reuters) The Bank of Japan increases yen purchases to 10 trillion. (Reuters) ...
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Amylin Seeks a Buyer (AMLN, CS, GS, BMY, SNY, LLY, AZN, MRK)

Diabetes drug maker Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) has hired bankers and lawyers to help the company find a buyer. In February Amylin turned down a $3.5 billion ($22/share) offer ...
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24/7 Wall St. Closing Bell (AAPL, FSLR, VLO, TIF, C, CMA, GS, JNJ, MMR, GWW, YHOO, SYK, STX, URI, SRSL, ENOC, LEE)

Markets opened higher this morning and by late-morning equities were trading down about 1.5% across the board, where they have mostly remained for the rest of the day. An upbeat ...
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Chesapeake Files Registration for Spin-off (CHK, GS, BAC)

Chesapeake Energy Corp. (NYSE: CHK) will spin-off its wholly-owned oilfield services business into a new company to be called Chesapeake Oilfield Services Inc., which will trade on the NYSE under ...
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Media Digest (4/17/2012) Reuters, WSJ, NYT, FT, Bloomberg

Argentina may take control of huge energy company YPF. (Reuters) Spanish debt costs continue to rise. (Reuters) The International Monetary Fund will try to raise $400 billion, much less that previously ...
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Google’s Failed Due Diligence on Android

Google (NASDAQ: GOOG) released its open source operating system in September 2008. It is too bad Google’s patent counsel did not look more carefully at whether the software violated patents and the ...
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Media Digest (4/16/2012) Reuters, WSJ, NYT, FT

Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters) Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. ...
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Blankfein Takes 35% Pay Cut (GS, JPM, MS, C)

The total 2011 compensation package for Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein was chopped by $6.7 million to $12.4 million, 35% below his 2010 total pay of ...
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Goldman Sachs Settles Over ‘Huddle’ Charges by SEC & FINRA (GS)

Goldman Sachs Group Inc. (NYSE: GS) just seems as though it cannot get out from under the negative spotlight.  The Securities and Exchange Commission charged that the brokerage and trading firm ...
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Big Banks Still At Big Discounts To Book Value Before Earnings (BAC, BK, C, GS, JPM, MS, NTRS, STT, STI, USB, WFC)

This week will be the start of earnings season as we get to start reviewing some key earnings for first quarter of 2012.  The banking sector is going to be ...
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Wells Fargo Going After Super High Networth Clients (WFC, JPM, GS, NTRS)

Wells Fargo & Company (NYSE: WFC) has now launched its Abbot Downing financial services that aims to serve the ultra-high net worth sector of wealthy Americans.  The move will instantly ...
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