Why Lloyd Blankfein Of Goldman Sachs Keeps His Job
Lloyd Blankfein, the CEO of Goldman Sachs Group (NYSE: GS) is not going anywhere. The 56-year-old banker has run the firm since May 31, 2006. During that time, the bank’s stock has done no better…
All Work
Douglas A. McIntyre
Today’s Best Market Rumors (4/19/2010
Updated throughout the day. Goldman Sachs Group, Inc. (NYSE:GS) will pay its London bankers a total 3.5 billion pounds. (Times of London) French firm L’Occitane Groupe plans a China based IPO to raise $700 million.…
The Twitter-24/7 Wall St. Market Watch 4.19
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
The Goldman Scandal Is Much Ado About Nothing
By John Tamny, Forbes The story about the alleged Goldman Sachs scandal is that there’s no story. With no client base ever monolithic, it’s apparent that Goldman served clients with bullish and bearish views…
Toyota Will Pay $16 Million Fine, But Guilt Gets Dodged
According to many media sources, Toyota Motor Corporation (NYSE: TM) will pay the $16.4 million penalty levied on it for not disclosing sticking pedal information which eventually caused the company to recall millions of…
Greece: Germany Stays Ambivalent
Germany’s Chancellor Angela Merkel cannot make up here mind about the bailout of Greece. That is probably for a reason that his been well-articulated. The German people do not want to help weak economies by…
The IMF Says Global Economy Is On Fire
The IMF said that the growth of the global economy is heating up and that worldwide GDP will be 4% this year. Last October the estimate was as low as 3.1%. China, of course,…
The $390 Billion San Francisco Earthquake
According to United States Geological Survey, there is a 50% chance or better of an earthquake measuring 7 or greater on the Richter scale hitting San Francisco in the next 75 years. Based on 24/7…
Media Digest 4/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Goldmand Sachs Group, Inc (NYSE: GS) are standing behind the company. Reuters: Chinas said the chances of the yuan rising are more likely. Reuters: Toyota Motor (NYSE: TM) is expect to pay it…
US Airlines Losing $22 Million Per Day While European Airports Remain Closed
Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 (losses for Thursday, April…
Goldman Sachs May Have Known About Charges For Nine Months
Goldman Sachs Group Inc (NYSE: GS) was warned about pending charges against it as early as nine months before the SEC charges were brought. SEC rules apparently do not require a public company to disclose the…
FDIC Total Bank Closings Hit 48–Details Of The Eight Latest
The FDIC announced the details of eight more bank closings, bringing the 2010 total to forty-eight. The current pace would put total bank failures to nearly 200 this year. Those shuttered include City Bank, Lynnwood,…
China Raises Down Payment for Second Homes
By Fu Tao and Feng Zhe, Caixin Minimum down payments for second homes increased to 50 percent, as part of an aggressive policy to counter overheating in the property market Read more….
Oracle Nabs Another Software Developer
As news of the SEC complaint filed against Goldman Sachs (NYSE: GS) is pushing everything else off the news feeds, this morning’s purchase of drug software company by Oracle Corp. (NASDAQ: ORCL) of Phase…
Iceland Volcano Cloud Costs Airline Industry $200 Million A Day
From the IATA (International Air Transport Association), an estimate of what the Iceland volcano is costing the airline industry per day–$200 million. The IATA represents 220 airlines comprising 93% of scheduled international air traffic. Bloomberg…
Ford Captures Lead in European Auto Market & Slams Opel Bailout
Ford Motor Co. (NYSE: F) is crowing this morning. The company claimed that it is the leader in European sales for the month of March, displacing Volkswagen AG for the top spot. Ford sold…
Today’s Best Market Rumors (4/16/2010)
Updated throughout the day. Goldman Sachs Group (NYSE : GS) Rajat K. Gupta, who is being investigated for insider trading, will not stand for re-election to the board. (WSJ) Symphony Asset Management and Bank of America Corporation (NYSE:…
Bank Of America Posts Strong Q But Fails To Impress
Based on early pre-market trading, Bank of America Corporation’s (NYSE BAC) failed to impress, although the number beat Wall St. estimates. It may be that the results of JPMorgan Chase (NYSE:JPM) set the bar too…
The IMF And The Greek Chapter 11
George Papandreou, the besieged prime minister of Greece, told his parliament that the southern European nation is not bankrupt though the IMF may have to join Eurozone nations in a bailout. According to Reuters, Papandreou said…