2:28am ET
Media
Media Digest 11/26/2008
According to Reuters, Paulson has turned his back on giving insurance companies part of the bailout Reuters reports that Rio Tinto (RTP) is faced with selling assets, Reuters reports that the head…
Companies
/Financial Services
Goldman Sachs Group Inc
$949.49
▼ $9.90 (−1.03%) today
Markets closed · 9:36pm ET
GS Coverage
Page 1286:23pm ET
Banking, finance, and taxes
Goldman Sachs (GS) Brings In $5 Billion On The Cheap
In a home run for troubled credit markets, Goldman Sachs (GS) raised $5 billion with backing from the FDIC. It is likely that a number of other US financial firms will follow…
6:11am ET
Investing
Why Banks Lie: Because They Don’t Have An Answer (C)(BAC)(WFC)(JPM)(MS)(GS)(MER)
It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It would be…
8:01am ET
Banking, finance, and taxes
What Happens To Citigroup (C) On Monday Morning?
It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or…
7:06am ET
Banking, finance, and taxes
Giving Citigroup (C) $50 Billion, Or Much More
It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds…
2:57pm ET
Industrials
Buffett Tells Fox About Goldman, Obama, Autos, Stocks & More (BRK-A, GS)
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) will be appearing on Fox Business News around the close of the market today, and we have been provided some of the information being…
7:54am ET
Economy
Goldman Sachs (GS) Sees 9% Unemployment And 5% GDP Contaction
According to Bloomberg, "Goldman Sachs Group Inc. increased its recession estimates, saying gross domestic product is declining at a 5 percent annual rate in the current quarter and will drop 3 percent…
Douglas A. McIntyre 5:35am ET
Economy
The Market Thinks The Bailout Is Bogus
A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup (C), the whipping boy of the group, may be…
3:52am ET
Media
Media Digest 11/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is…
4:32pm ET
Banking, finance, and taxes
Brilliant Move: Goldman Sachs (GS) Says Top Seven Execs Will Skip 2008 Bonuses
In a remarkably shrewd move, the top seven executives at Goldman Sachs (GS) will give up their 2008 bonuses. That should keep Congress and regulators off the investment bank’s back and allow…
Douglas A. McIntyre 5:44am ET
Investing
Goldman Sachs (GS) Tells Wall St. To Mind Its Own Business
Rumors that Goldman Sachs (GS) will have to raise more money have helped push its stock from $123 less than a month ago to $71 yesterday. Wall St. wants to believe that…
3:59am ET
Media
Media Digest 11/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Chrysler is running out of time and options for staying in business. Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund. Reuters writes…
3:22pm ET
Banking, finance, and taxes
Institutional Broker Defends Goldman Sachs (GS)
Sandler O’Neill is an institutional brokerage firm that many individual investors have not ever heard of, yet it has been around for roughly 20 years. It also does business in some form…
Douglas A. McIntyre 3:56am ET
Media
Media Digest 11/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a weakening economy in China and poor US earnings are causing concern that the recession will be deep and long. Reuters writes that Vodafone (VOD) cuts its full-year revenue…
3:56pm ET
Investing
The 52-Week Low Club (GM)(C)(GS)(EBAY)(NT)(CC)(NYT)(TSCM)
GM (GM) plunges on concerns about Chapter 11. Falls to $3.02 from 52-week high of $32.80. Citigroup (C) get caught in fears that big financials will have to raise more money. Sells…