Goldman Sachs analyst cuts Aeropostale to 'Sell,' says its stock will likely start to slowOctober 9th, 2009 Goldman Sachs analyst lowers Aeropostale ratingNEW YORK — A Goldman Sachs analyst lowered her rating on Aeropostale Inc. Friday, saying the apparel retailer's stock will likely start to slow as competitors make headway.
New York labor union chief named chair of New York Fed; Columbia University head to be deputyAugust 24th, 2009 NY labor union chief to chair New York FedWASHINGTON — The Federal Reserve Bank of New York has named a top state labor union official its chairman, the bank announced Monday. Denis M. Hughes, president of the New York State AFL-CIO, has been deputy chairman since January 2007.
Goldman Sachs buys 792,273 Bowne shares, about half of its option in public offeringAugust 20th, 2009 Goldman Sachs buys 792,273 Bowne sharesNEW YORK — Bowne & Co., which provides shareholder and marketing communications services, said Goldman Sachs, the underwriter on its offering of 10.5 million shares, bought another 792,273 shares in a transaction that closed on Wednesday. The initial offering and the shares sold to Goldman were both priced at $5.96.
Government asks Goldman Sachs about compensation policy, use of credit derivativesAugust 5th, 2009 Goldman facing compensation, derivative inquiriesNEW YORK — Goldman Sachs Group Inc., one of the banking industry's top performers, said Wednesday that government agencies have asked about its compensation practices and use of credit derivatives. Compensation, especially bonuses, and credit derivatives have been among the most hot-button topics in the financial services industry since the credit crisis peaked last fall.
Stock futures rise as earnings from Goldman Sachs, Intel boost economic recovery hopesJuly 15th, 2009 Stock futures rise on earnings reportsNEW YORK — Investors who have been looking for signs the economy is on the mend are pushing stock futures higher in the wake of better-than-expected earnings reports from Intel and Goldman Sachs. The upward move ahead of Wednesday's market opening in New York extends gains in overseas markets.
US stocks crawl higher after Goldman Sachs earningsJuly 15th, 2009 NEW YORK - US stocks edged up Tuesday after Goldman Sachs posted surprising quarterly earnings and retail earnings rose by the most since January. Goldman Sachs overwhelmed Wall Street expectations, earning $2.7 billion in the second quarter of the year despite the ongoing economic crisis, its best performance since a record year in 2007.
Analysts expect big profit from Goldman Sachs as financial sector continues to rebuildJuly 14th, 2009 Goldman Sachs poised to post big 2nd-qtr profitNEW YORK — Goldman Sachs Group Inc., long considered one of the strongest banks amid the credit crisis and ongoing recession, is expected to post a hefty second-quarter profit Tuesday morning. Goldman is poised to take advantage of fewer competitors on Wall Street and its ability to successfully manage more risk.
FBI accuses former Goldman Sachs worker in New Jersey of stealing trade secretsJuly 6th, 2009 NJ man charged with stealing Goldman Sachs dataNEWARK, N.J. — Federal authorities have charged a computer programmer in New Jersey with stealing trade secrets from his former employer, Goldman Sachs.
Fox News writer fired over 'Wolverine' review sues company for more than $5 millionJuly 2nd, 2009 Fired Fox News writer seeks $5 million in suitNEW YORK — Former Fox News entertainment writer Roger Friedman is suing his old bosses for more than $5 million after he was fired for reviewing a leaked copy of Fox's "X-Men Origins: Wolverine."
Friedman is seeking damages for libel and legal fees in a suit that names Fox as well as News Corp. and its chairman, Rupert Murdoch, as defendants.
Goldman Sachs completes repayment of $10 billion received as part of government programJune 17th, 2009 Goldman Sachs repays government investmentNEW YORK — Goldman Sachs Group Inc. said Wednesday it has repaid the $10 billion it received last fall as part of the government's $700 billion bank bailout program.
Goldman Sachs sells part of its stake in China bank ICBC for $1.9 billionJune 2nd, 2009 Goldman Sachs sells $1.9B stake in China's ICBCHONG KONG — Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.
Massachusetts AG announces $60 million settlement with Goldman for its role in subprime crisisMay 11th, 2009 Massachusetts AG in $60 million deal with GoldmanBOSTON — The Massachusetts attorney general has reached a $60 million settlement with investment banker Goldman Sachs for its role in the state's subprime lending problem. Goldman has pledged to provide $50 million in relief to homeowners and make a $10 million payment to the state as part of the settlement.
Goldman Sachs chief sounds upbeat note on economy at annual shareholder gatheringMay 9th, 2009 Goldman chief sees economy as 'a lot better today'NEW YORK — Goldman Sachs Group Inc. Chairman Lloyd Blankfein sounded an upbeat note about the economy at the company's annual meeting Friday.
AIG clients got $50 bn in bail-out cash: ReportMarch 8th, 2009 NEW YORK - Business partners of the insurance giant AIG have received some $50 billion in payments, since the firm was bailed out by the US government in September 2008, the Wall Street Journal reported Saturday. Beneficiaries of bail-out funds from the firm number some two dozen, including the Goldman Sachs group and Germany's Deutsche Bank AG, the paper said.
Goldman Sachs infuses Rs.3.7 bn into Indian subsidiaryFebruary 9th, 2009 MUMBAI - Taking a cue from Credit Suisse and Morgan Stanley, banking and investment services firm Goldman Sachs has infused Rs.3.7 billion (Rs.370 crore/$76 million) into its Indian subsidiary Pratham Investments and Trading Pvt Ltd, it was announced Tuesday. Earlier this month, Morgan Stanley had invested an additional Rs.1 billion into its Indian retail stock broking and portfolio management services firm Morgan Stanley India Financial Services (MSIFS).
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