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The Wire

Goldman Sachs, Buffett to help small businesses

Goldman Sachs Group Inc. is teaming with billionaire investor Warren Buffett to invest $500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.

Report: Goldman Sachs looks to buy tax credits

Wall Street giant Goldman Sachs Group Inc. is reportedly in talks to buy tax credits from Fannie Mae, a government-controlled mortgage financier.

Report: CIT reaches tentative deal with Goldman

CIT Group Inc., struggling to restructure billions in debt and stay out of bankruptcy court, could finalize a deal in the next 24 hours with Wall Street bank Goldman Sachs Group Inc. over a disputed payment on a $3 billion loan, according to a published report.

Earnings Preview: Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reports third-quarter financial results on Thursday. The following is a summary of key developments and analyst opinion related to the period.

Downgrade of Goldman stock weighs on bank shares

A downgrade of Goldman Sachs Group Inc. by influential bank analyst Meredith Whitney rattled financial stocks Tuesday, a day before major banks start reporting their earnings.

Stock futures point to higher Wall Street open

The stock market is pointing to a higher open as investors await companies' earnings reports for clues about consumers' mood and the economy's health.

Goldman hits 52-week high after Citi hikes target

Shares of Goldman Sachs Group Inc. hit a 52-week high in Friday trading before turning negative with the broader market.

Goldman CEO says pay backlash is 'appropriate'

After years spent raking in millions as a top executive of Goldman Sachs Group Inc., Lloyd Blankfein said Wednesday that outsized banker pay encouraged excess and worked "against the public interest."

Report: Goldman providing tips to certain clients

Goldman Sachs Group Inc. provides some of its biggest clients stock tips that come out of regular meetings held by analysts and traders at the investment bank, according to a Wall Street Journal report.

Goldman facing compensation, derivative inquiries

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.

Goldman buys back TARP warrants for $1.1 billion

Goldman Sachs Group Inc. said Wednesday it has repurchased warrants given to the U.S. Treasury under the Troubled Asset Relief Program for $1.1 billion.

Back to big profits for Wall Street powerhouse

Goldman Sachs is emerging as the king of post-meltdown Wall Street.

How the major stock indexes fared on Thursday

Tech shares pulled the market higher again Thursday, a day after stocks surged on a strong forecast from chip maker Intel Corp. The tech-heavy Nasdaq advanced for the seventh straight day and closed at its highest level since October as traders anticipated strong reports after the bell from Internet search company Google Inc. and computer maker International Business Machines Corp. Earnings from both companies beat estimates.

Gains in tech stocks extend Wall Street's rally

Investors piled into technology stocks again to extend the market's rally.

Goldman Sachs repays government investment

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 chief sees economy as 'a lot better today'

Goldman Sachs Group Inc. Chairman Lloyd Blankfein sounded an upbeat note about the economy at the company's annual meeting Friday.

Goldman CFO still cautious about financial sector

Goldman Sachs Group Inc. said Tuesday it's still cautious about the banking industry's health even as it priced a $5 billion stock offering aimed at helping it repay government bailout money.

Hopes for solid 1Q profits lead bank stocks higher

Several bank shares bucked the broader market Monday and plowed higher as investors placed bets on which ones might report better-than-expected earnings in the coming weeks. After markets closed, Goldman Sachs Group Inc. said it earned $1.66 billion in the first three months of the year, beating Wall Street's expectations.

Report: Goldman Sachs considering stock offer

Goldman Sachs Group Inc. is considering raising new capital through a stock offer as part of a plan to repay government funds, according to a report Friday in The Wall Street Journal.

Wall Street set for mixed open

Wall Street appeared headed to a mixed opening Wednesday as investors await another busy day of earnings and economic reports for signs of whether the recession is near a bottom.

Goldman CEO: Wall St. executive pay needs overhaul

Goldman Sachs CEO Lloyd Blankfein says Wall Street compensation needs to be overhauled and hedge funds subjected to government oversight to reduce the kind of excessive risk taking that stoked the global financial crisis.

Goldman CEO's pay package declined without bonus

Goldman Sachs Group Inc. CEO Lloyd Blankfein received compensation valued at $42.9 million during fiscal 2008, virtually all of it coming from stock and options awarded for his previous year's performance, according to an Associated Press calculation of figures disclosed in a regulatory filing Friday.

Goldman Sachs hopes to return gov't money soon

Goldman Sachs Group Inc. said Tuesday it hopes to return its $10 billion investment from the government as soon as possible.

Goldman offers bid for Universal Studios Japan

Goldman Sachs Group and partner investors are offering 111.2 billion yen ($1.1 billion) to take over the Universal Studios Japan theme park, the U.S. financial company said Thursday.

Goldman Sachs moves meeting from Las Vegas

Goldman Sachs Group Inc. has moved a three-day conference from the Las Vegas Strip to San Francisco amid what the bank is calling a broad review of its activities.

The Vine
Goldman Sachs Likely to Post Huge Profits, Analysts Say
Source: The New York Times

Up and down Wall Street, analysts and traders are buzzing that Goldman, which only recently paid back its government bailout money, will report blowout profits from trading on Tuesday.

LifeLock gains $25 million in third-round funding to support growth
Source:

A local company that works to prevent ID theft has received $25 million in funding.

Qantas raiders to go shopping overseas for big pile of debt...
Source: The Sydney Morning Herald

A high debt strategy to takeover Qantas once again highlights the lack of sophistication and size in Australia's debt market.

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