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European Market Snapshot: Markets Struggle Amid Poor U.S. Earnings and European Fiscal Issues
Severalcompanies including IBM, Texas Instruments, and Goldman Sachs released earningsreports that fell short of investors’ expectations. Goldman Sachs (GS)reported that second-quarter profits had fallen 83% to US$453M. Therelease comes after GS reached a settlement with the SEC to pay a $550M fine aswell as the firm’s requirement to pay a US$600M charge associated with a [...]
Goldman Sachs to Pay $550 Million Settlement
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments. The settlement came on the same day that the Senate passed the stiffest restrictions on banks and Wall Street since the great Depression. The deal calls for Goldman [...]
Goldman Sachs Upgrades Cameron International (CAM) to Conviction Buy
July 16, 2010 7:13 AM EDT
Goldman Sachs upgrades Cameron International Corp. (NYSE: CAM) to Buy and added the stock to its Conviction Buy List, saying, “we appear to be approaching the final stages of stopping the flow from the Macondo well, we expect Cameron to be one of the key beneficiaries of any renewed focus [...]
Goldman Sachs on legal offensive over Shaw offer for Canwest
TORONTO — Goldman Sachs Group Inc. is challenging the Ontario judge who approved the deal that will see Canwest Global Communications Corp.’s television assets fall under the control of Western Canada cable giant Shaw Communications Inc.
Goldman, which partnered with Canwest to finance a 2007 acquisition of Alliance Atlantis Communications and its stable of 13 [...]
H. Lee Scott, Jr. Nominated for Election to the Goldman Sachs Board of Directors
NEW YORK–(BUSINESS WIRE)–The Board of Directors of the Goldman Sachs Group, inc. (NYSE: GS – News) today announced the nomination of H. Lee Scott, Jr. for election as an independent director of the firm at the 2010 Annual Meeting of Shareholders. if Mr. Scott is elected, the Goldman Sachs Board will consist of 11 directors, [...]
U.S. Stock-Index Futures Advance
March 17, 2010, 7:39 AM EDT
March 17 (Bloomberg) — U.S. stock-index futures gained, indicating the Standard & Poor’s 500 Index will extend a 17- month high, before a producer prices report that may signal there are few inflation pressures building in the economy.
BlackRock inc. rose in Europe after being upgraded to “outperform” [...]
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