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Gupta Trial Provides Insight Into Goldman
Bloomberg reports that at Raj Rajaratnam’s insider-trading trial a year ago, Goldman CEO Lloyd Blankfein told jurors he makes unscheduled calls to the bank’s board members at times of market 'uncertainty'....   read more >  
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Goldman Sachs, P2 Funds to Buy Interline for $1.1 Billion
Goldman Sachs (GS) Group Inc.’s private- equity unit and P2 Capital Partners LLC agreed to buy Interline Brands Inc. (IBI), a distributor of janitorial, plumbing and lighting products that went public in 2004, in a deal valued at $1.1 billion ...  
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Financial Stocks: Goldman lags rivals as it falls near the open
Investors on Tuesday shrugged off a cautionary report on the banking sector form Bank of America Merrill Lynch analysts who trimmed their outlook for rivals Citigroup Inc, Morgan Stanley and Goldman Sachs Group Inc..  
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Goldman CEO Lloyd Blankfein faces questions, but not vitriol; that’s reserved...
JERSEY CITY, N.J. — For once, the spotlight wasn’t on Goldman Sachs. The bank that Wall Street critics love to hate enjoyed a relatively calm shareholder meeting Thursday while two of its peers, Morgan Stanley and JPMorgan Chase, grappled ...  
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Goldman CEO Lloyd Blankfein faces questions, but not vitriol; that's reserved...
Goldman CEO Lloyd Blankfein was peppered Thursday with questions about ... Shareholders approved all the board members, including Michele Burns, who some had questioned because she was on the Wal-Mart board when the company was reportedly bribing Mexican ...  
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Goldman Sachs Delays Launch Of Bond Platform -FT
Goldman Sachs Group Inc. (GS) has delayed the launch of its new electronic bond-trading platform due to "logistical issues," the Financial Times reported Monday, citing a person familiar with the matter. GSessions, which has been in development ...  
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Vale Sells Colombian Coal Assets to Goldman for $407 Million
Vale SA (VALE3), the world’s largest iron-ore producer, agreed to sell its thermal coal assets in Colombia for $407 million to a unit of Goldman Sachs Group Inc. (GS) as it focuses on metal production. Vale will sell the assets to Goldman’s ...  
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Goldman Sachs enjoys relatively calm shareholder meeting
JERSEY CITY, N.J. — For once, the spotlight wasn't on Goldman Sachs. The bank that Wall Street critics love to hate enjoyed a relatively calm shareholder meeting Thursday while two of its peers, Morgan Stanley and JPMorgan Chase, grappled with public-relations nightmares. Goldman CEO Lloyd Blankfein was peppered with...  
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Goldman Sachs CEO gets a break at shareholder meeting
NEW YORK -- Goldman Sachs CEO Lloyd Blankfein sailed through the company's annual shareholder meeting despite a slew of recent blowups for the banking giant, including a former executive who blasted the firm's culture as "toxic and destructive."  
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Rajat Gupta trial day 4: More witnesses and sparring lawyers
On day 4, the US government called more witnesses to prove that Rajat Gupta, former global head of McKinsey and Co., was leaking confidential secrets about Goldman Sachs Group Inc. and Procter and Gamble Co. while serving as a director for both. The ...  
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Goldman may break up sale of Swedish oil group: paper
Goldman may break up sale of Swedish oil group: paperReuters| LONDON (Reuters) - Goldman Sachs (GS.N) is considering selling off Swedish oil group Svenska Petroleum Exploration in chunks, the Independent on Sunday reported. The UK newspaper said on Sunday that most potential bidders, including the UK's BP (BP.Goldman Sachs looks at billionaire's oil break upThe Independentall 3 news articles »  
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Goldman Mulls Breaking Up Svenska Sale, Independent Reports
Goldman Sachs Group Inc. (GS) is considering breaking up the sale of Svenska Petroleum Exploration AB’s assets to increase returns, the Independent on Sunday reported, citing an unidentified industry source. Potential bidders for assets in ...  
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Goldman's Blankfein gets a break
Goldman's Blankfein gets a break Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 01:08 p.m., Thursday, May 24, 2012 Goldman CEO Lloyd Blankfein was peppered with questions about the bank's political lobbying, but the vitriol and the shouting protesters that have haunted other banks' meetings this spring...  
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Holy High Rollers: Lloyd Blankfein's Latest Run in With Nuns
Goldman Sachs CEO Lloyd Blankfein is once again mixing it up with a shareholder representative of the Almighty. At the investment bank's annual shareholders' meeting on Thursday morning, a New York nun asked Blankfein if he'd consider hiring her ...  
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Goldman Sachs Group Ex-Dividend Reminder
Looking at the universe of stocks we cover at Dividend Channel, on 5/29/12, Goldman Sachs Group Incorporated (NYSE: GS) will trade ex-dividend, for its quarterly dividend of $0.46, payable on 6/28/12. As a percentage of GS's recent stock price of $97.04, this dividend works out to approximately 0.47%. Click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com »  
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U.S. Day Ahead: Goldman's Blankfein looks secure
May 23 - Goldman Sachs' CEO Lloyd Blankfein looks like he's in a strong position coming into the firm's annual shareholder meeting, according to Reuters Breakingsviews Columnist Antony Currie.  
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Goldman Board Briefed Daily During Collapse, Jury Told
At Raj Rajaratnam’s insider-trading trial a year ago, Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein told jurors he makes unscheduled calls to the bank’s board members at times of market “uncertainty.” At Rajat ...  
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Lloyd Blankfein Tells a Nun He Can’t Afford to Outpay Her Boss
At Goldman Sachs’ annual meeting today there was little shareholder turmoil but CEO Lloyd Blankfein still doesn’t think the bank can pay like God. Sister Barbara Aires, the coordinator of corporate responsibility for the Sisters of Charity ...  
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Goldman Sachs Investing $40 Billion More in Clean Energy
Apparently, Goldman Sachs has much bigger plans than that, though. Goldman Sachs Group Inc reportedly plans to put $40 billion towards renewable energy projects over the coming 10 years. Why? well, if you know anything about Goldman Sachs, ...  
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Goldman Sachs to Set Up Japan REIT
TOKYO—Goldman Sachs Group Inc. plans to launch a private real-estate investment trust in Japan this summer amid signs of an improvement in the Tokyo property market, a person familiar with the matter said Friday. Goldman Sachs Asset Management Co. aims ...  
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Goldman Sachs Shareholders Vote to Approve Executive Pay
Goldman Sachs Group Inc. (GS)’s 2011 executive compensation plan, which awarded Chief Executive Officer Lloyd C. Blankfein $12.4 million ... Palm said. James A. Johnson, the former Fannie Mae (FNMA) CEO who is the longest-serving director ...  
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Goldman Sachs Asset Management Plans Private Japan REIT
From Dow Jones Newswires Atsuko Fukase and Kana Inagaki: Goldman Sachs Group Inc. plans to launch a private real-estate investment trust in Japan this summer amid signs of an improvement in Tokyo property market, a person familiar with the ...  
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Goldman Sachs to set up Japan real estate investment trust
TOKYO -- Goldman Sachs Group plans to launch a private real estate investment trust (REIT ... Avenue includes bike lanes With the Second Avenue subway construction and now the new First Avenue traffic pattern, people on the Upper East Side say that ...  
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Goldman Sachs Shareholders Approve Executive Pay Plans
JERSEY CITY, N.J., May 24 (Reuters) - Goldman Sachs Group Inc stockholders on Thursday approved the firm's compensation plan for top executives and backed all 10 directors up for election, general counsel Greg Palm announced at the firm's annual ...  
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Goldman Sachs to Pump $40bn into Clean Energy
Goldman Sachs Group plans to invest $40 billion over the next 10 years into renewable energy, an area where the bank expects demand to grow as the global appetite for energy increases and major manufacturing countries like China set more aggressive emissions targets, Reuters reported. But the bank’s new clean energy target would average about [...]  
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Goldman CEO, Buffett named in Gupta witness list
NEW YORK -- Several top corporate and Wall Street executives, including Goldman Sachs Group CEO Lloyd Blankfein, could be potential witnesses at the insider-trading trial of former Goldman and Procter & Gamble director Rajat Gupta, which is due to start Monday.  
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Facebook, Morgan Stanley face shareholder lawsuit over IPO
Three Facebook Inc. investors filed a civil lawsuit Wednesday in Manhattan federal court, alleging the company and its underwriters failed to properly disclose changes to analysts' forecasts made at the underwriting banks. The suit follows reports that analysts at Morgan Stanley and Goldman Sachs Group Inc. cut their revenue forecasts...  
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Email, wiretaps, at trial link Rajat Gupta to Rajaratnam
NEW YORK (Reuters) - Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime corporate ...  
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Warren Buffett's secret deal revealed by Goldman Sachs banker
The investment by Warren Buffett in Goldman Sachs Group Inc. in September 2008 was so confidential that even his chief financial officer was unaware of it  
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Jamie Dimon Needs A Lecture From Goldman CEO Lloyd Blankfein
It’s been an ugly couple of days for JPMorgan Chase CEO Jamie Dimon but it didn’t have to be this brutal. When news breaks that the strongest bank in the country just lost $2 billion on a bad trade there’s bound to be major fallout and ...  
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Nomura Maintains “Buy” on Goldman Sachs after Meeting with Management (GS...
Financial services giant Goldman Sachs Group, Inc. ( GS) on Thursday received continued bullish support from analysts at Nomura Securities. The firm maintained its "Buy" rating on GS as well as its price target of $145.00. That target suggests a ...  
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Goldman Sachs Sees Europe as Biggest Opportunity
Goldman Sachs’ annual meeting is kicking off right now amid some recent noise about its corporate governance and whether Lloyd Blankfein should be both chairman and CEO. Ahead of the gathering, Goldman’s COO Gary Cohn and CFO David Viniar ...  
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Goldman banker reveals details of Buffett’s ‘secret’ deal
The investment by Warren Buffett in Goldman Sachs Group Inc. in September 2008 was so confidential that even his chief financial officer was unaware of it before being briefed on the details by a Goldman Sachs executive, a witness at the Rajat ...  
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Goldman Sachs to start tweeting Thursday
NEW YORK (MarketWatch) -- Goldman Sachs Group Inc. , which has a reputation for being publicity-shy, has set up an official account with micro-blogging site Twitter and the investment bank is expected to start tweeting later Thursday. The bank is holding its annual shareholder meeting in Jersey City on Thursday. Its Twitter handle is @GoldmanSachs. "First tweet will come later today," a spokesman for Goldman told MarketWatch. Market Pulse...  
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Goldman Shareholders Vote to Approve Exec Pay
Goldman Sachs Group Inc. (GS) (GS)’s 2011 executive compensation plan, which awarded Chief Executive Officer Lloyd C. Blankfein $12.4 million, won approval from more than 94 percent of shareholders. The tally was announced by General Counsel ...  
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Rajat Gupta to face US jury in insider trading case
When Goldman Sachs CEO Lloyd Blankfein asked Gupta about his insider trading rumors breaking in the press, Gupta replied, “I wouldn’t have had anything to do with that." On March 1, 2011, the SEC filed an administrative civil complaint ...  
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Gupta Trial: Trott Says Buffett Deal Was Kept Secret
The investment by Warren Buffett in Goldman Sachs Group Inc. in September 2008 was so confidential that even his chief financial officer was unaware of it before being briefed on the details by a Goldman Sachs executive, a witness at the Rajat ...  
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FINNEWS LATAM-Sell Usiminas on changes to bond terms-Goldman
Goldman Sachs Group Inc analysts led by Marcelo Aguiar said in a note Friday that plans by Brazilian steelmaker Usiminas to renegotiate terms on 254 million reais ($126 million) of local debt raise worries over profitability this year.  
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Not Being Privy To Inside Information Was Grounds For A Level Three Rage...
After Raj Rajaratnam got what prosecutors say was an illegal tip about Goldman Sachs Group Inc. (GS), a partner at Galleon Group LLC who was excluded from the trade turned red-faced and angry, a witness at the Rajat Gupta trial testified. Prosecutors claim that Gupta, who was a Goldman Sachs director, tipped Rajaratnam on Sept.…Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Ananth Muniyappa, eyes popping...  
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First On Cnbc: Media Alert: Goldman Sachs Chairman & Ceo Lloyd Blankfein...
When: Today, Wednesday, April 25th at 11AM ET Where: CNBC's "Squawk on the Street" In a FIRST ON CNBC interview, CNBC's Capital Markets Editor Gary Kaminsky speaks with Goldman Sachs Chairman & CEO Lloyd Blankfein, in his first interview since 2010 today, Wednesday, April 25th, on CNBC's "Squawk on the Street" (M-F, 9AM - 12PM ET) at 11AM ET.  
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Goldman's annual meeting: tame and tweeted
JERSEY CITY, New Jersey (Reuters) - For all the security staff, rules of conduct and a warning that troublemakers would be kicked out, the most noteworthy event at Goldman Sachs Group Inc's(GS.N) annual meeting on Thursday was a mild tweet.  
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Morgan Stanley, Goldman sued over Facebook IPO
Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. were sued along with other underwriters and Facebook Inc. by investors who claimed they were misled in the purchase of the social network firm's stock. The investors said the members of a proposed class action have lost more than $2.5 billion since the initial public offering last week, in a complaint filed Wednesday in Manhattan federal court.  
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Insider-trading trial of former Goldman director gets underway
Rajat Gupta helped hedge fund manager Raj Rajaratnam make $1 million by sharing secret information about Goldman Sachs, prosecutors say in opening statements. Gupta's lawyer says he never cheated anybody.NEW YORK Shortly after Goldman Sachs Group Inc.'s board learned of famed investor Warren Buffett's $5-billion lifeline at the height of the financial crisis, then-director Rajat Gupta phoned hedge-fund manager Raj Rajaratnam.  
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Goldman shareholders back executive pay plan
JERSEY CITY, N.J. May 24 (Reuters) - Goldman Sachs Group Inc stockholders on Thursday approved the firm's compensation plan for top executives and backed all 10 directors up for election, general counsel Greg Palm announced at the firm's annual ...  
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Goldman Breezes Through Protest-Free Meeting
For a bank that has endured a tumultuous year marked by a high-profile resignation in the pages of the New York Times and other public-relations fiascoes, Goldman Sachs Group Inc. had a remarkably smooth annual meeting Thursday. Shareholders of the Wall ...  
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Goldman plans $40-billion in clean energy investments over next decade...
Goldman Sachs Group Inc plans to channel investments totaling US$40-billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about ...  
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UPDATE 1-Goldman's annual meeting: tame and tweeted
JERSEY CITY, N.J., May 24 (Reuters) - For all the security staff, rules of conduct and a warning that troublemakers would be kicked out, the most noteworthy event at Goldman Sachs Group Inc's annual meeting on Thursday was a mild tweet.  
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At Rajat Gupta Trial, Prosecutors Use Email, Wiretaps To Provide Link With...
NEW YORK, May 24 (Reuters) - Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime ...  
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Gupta trial jury told of "top secret" Buffett deal
NEW YORK (Reuters) - The deal that gave Goldman Sachs Group Inc a $5-billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified on Wednesday at the insider-trading trial of onetime Goldman board member Rajat Gupta.  
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Goldman may break up sale of Swedish oil group-paper
LONDON May 27 (Reuters) - Goldman Sachs is considering selling off Swedish oil group Svenska Petroleum Exploration in chunks, the Independent on Sunday reported. The UK newspaper said on Sunday that most potential bidders, including the UK's BP ...  
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Goldman Sachs steps up Web funding after Facebook
Goldman Sachs Group Inc., the bank that last week doubled its money from a 2010 bet on Facebook Inc., is ramping up investments in Web startups, underscoring the allure of high-growth tech companies to financiers far from Silicon Valley.  
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Goldman Said to Plan Private REIT to Invest in Japan Properties
Goldman Sachs Group Inc. (GS) plans to start a private real estate investment trust with as much as 50 billion yen ($628 million) that will invest in Japan’s property market, two people familiar with the situation said. The asset management ...  
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Goldman Plans $40 Billion Clean Energy Investment Over a Decade
Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, plans to spend as much as $40 billion financing renewable energy projects in the next decade. Stuart Bernstein, global head of clean technology, will relocate to San ...  
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Goldman sets $40 billion clean energy investment plan
(Reuters) - Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about ...  
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Goldman sets $40 bln clean energy investment plan
May 23 (Reuters) - Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got ...  
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Morgan Stanley, Goldman Sachs Sued Over Facebook IPO
“The true facts at the time of the IPO were that Facebook was then experiencing a severe and pronounced reduction in revenue growth,” the plaintiffs said in the complaint. A Facebook investor sued Nasdaq OMX Group Inc. yesterday in the same ...  
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JPMorgan Among Banks Sued For $1.8 Billion Over Mortgages
JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) are among banks that were sued for $1.8 billion in ... according to the court filing. Michael DuVally, a spokesman for Goldman Sachs, Steven Vames, a Credit Suisse spokesman, Bank ...  
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Goldman to sell $1B in Facebook holding in IPO
Goldman Sachs Group Inc. and funds it manages are set to sell about $1 billion worth of Facebook Inc. stock in the company's initial public offering, Bloomberg reports. The bank and its funds have more than doubled the number of shares they will sell to 65.9 million, according to a filing by Facebook Wednesday. Facebook shares are being offered at a range of $34 to $38 in this week's IPO, which values the company at between $975 million and...  
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Ex-Goldman director Gupta set for insider trading trial
On the list of potential witnesses are investment guru Warren Buffett, celebrity analyst Meredith Whitney, Goldman CEO Lloyd Blankfein and HP CEO Meg Whitman. "This is such a high-profile individual," said Jeff Ifrah, a white-collar defense ...  
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Gupta trial jury told about "top secret" Buffett deal
NEW YORK (Reuters) - The deal that gave Goldman Sachs Group Inc a $5 billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified at the insider-trading trial of onetime Goldman board member Rajat Gupta.  
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Rajat Gupta Trial: Byron Trott Says Goldman-Buffett Deal 'As Top Secret As...
NEW YORK, May 23 (Reuters) - The deal that gave Goldman Sachs Group Inc a $5 billion ... The case is USA v Gupta, U.S. District Court for the Southern District of New York, No. 11-907.  
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Rajaratnam Ex-Aide Cites Quick Action After Alleged Goldman Tip
NEW YORK—Hedge-fund manager Raj Rajaratnam sprang into action moments after he got an urgent call in the late afternoon on Sept. 23, 2008, buying shares in Goldman Sachs Group Inc. just before a major announcement, his former assistant told a ...  
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Dimon pushes Blankfein off hotseat at charity gala
NEW YORK (Reuters) - For the first time in months, Goldman Sachs CEO Lloyd Blankfein was off the hotseat. As Wall Street's biggest hedge fund managers and top bankers flocked to a charity gala in New York Monday night, the buzz was all about JPMorgan Chase & Co's disastrous trading losses and the pressure on CEO Jamie Dimon. "He screwed up," one hedge fund manager said tersely, referring to Dimon while dissecting how JPMorgan, the country's...  
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Top Corporate Governance Firm Gives Goldman Sachs' Pay Policy Its Blessing...
Influential corporate governance group Institutional Shareholder Services (ISS) is telling Goldman Sachs shareholders to vote in favor of the investment bank's compensation plan as laid out in the proxy statement. Goldman Sachs CEO Lloyd Blankfein's ...  
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Rajat Gupta trial jury told about 'top secret' Buffett deal
NEW YORK: The deal that gave Goldman Sachs Group Inc a $5 billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified at the insider-trading trial of onetime ...  
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ISS Recommends a Yes on Goldman Sachs Pay
Goldman Sachs’ executive compensation got a nod from ISS Proxy Advisory Services, which recommends shareholders vote for pay for top executives including CEO Lloyd Blankfein’s $16.2M in salary, bonus and other comp for 2011. ISS is also ...  
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ISS Generally Sides with Goldman Management
CEO Lloyd Blankfein is set to earn $12 million (or $16 million, if vested options are counted.) That’s more than he earned in 2010, despite a worse performance. Activist shareholder Harrington Investments objects to Blankfein’s package as ‘excessive.’  
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www.friendsofrajat.com: A website that gives a glimpse of former Goldman...
To US prosecutors, former Goldman Sachs Group Inc. director Rajat Gupta is a Wall Street insider who fed secret tips to his business partner Raj Rajaratnam so the fund manager could reap millions in illicit profits. "I have known Rajat Gupta for ...  
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Goldman Sachs Lawyer From Sullivan May Testify on Gupta
A Goldman Sachs Group Inc. (GS) lawyer from Sullivan & Cromwell LLP may testify at next week’s insider- trading trial of Rajat Gupta, a former director at the bank, a prosecutor said. At a pretrial conference yesterday in Manhattan federal ...  
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Rajat Gupta faces jury in insider trading case
On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who ...  
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Rajat Gupta trial could feature big corporate stars
NEW YORK: Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter & Gamble Co director Rajat ...  
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Gupta trial could feature big corporate stars
NEW YORK (Reuters) - Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter & Gamble Co director Rajat Gupta. Blankfein, who runs Goldman, and Buffett, who runs Berkshire Hathaway Inc , are among dozens of people that lawyers for the government and for Gupta said on Thursday might be mentioned...  
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GOLDMAN DIRECTOR'S DEFENSE: Someone Else Leaked All That Secret Inside...
The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. But while prosecutors have called ...  
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Morgan Stanley, Goldman got 53% of Facebook shares
NEW YORK (MarketWatch) -- Lead underwriter Morgan Stanley (NYSE:MS) received about 38% of the shares in Facebook Inc.'s (NASDAQ:FB) initial public offering to distribute to investors, while Goldman Sachs Group Inc.'s (NYSE:GS) allotment was ...  
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Goldman Sachs Group, Inc. : Goldman Names Carlotti Head Of New Institutional...
Carlotti, 46, who has been president of Goldman Sachs Brazil Bank for the last five years, will report to Enrico Gaglioti, the firm's global head of equities sales, and Tom Cornacchia, head of sales for fixed income, currency and commodities in the Americas.  
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Ex-Goldman director faces U.S. jury in insider case
NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking ...  
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Goldman Sachs Cuts China Growth Forecast After Slowdown
Goldman Sachs Group Inc. economists lowered their forecast for Chinese economic growth after data showed a slowdown in April, joining banks including JPMorgan Chase & Co. and UBS AG in paring outlooks.  
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Goldman Sachs confirms investigation into Greek swaps
Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, raised estimates of potential losses from legal claims by 13 percent and said a probe into its handling of Greek finances includes trading and research. The forecast of “reasonably possible” legal costs rose to $2.7 billion as of March 31 from $2.4 billion three months earlier, according to a regulatory filing today. The New York- based firm didn’t give specific reasons for...  
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Oil Gains First Day in Seven; Goldman Sees Tighter Market
Oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening. Futures gained as much as 0.6 percent after ...  
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Facebook Expands IPO as Accel, Goldman Sachs Sell More Shares
May 16 (Bloomberg) -- Facebook Inc. investors including Accel Partners and Goldman Sachs Group Inc. raised the number of shares they're selling in the social network's initial public offering, boosting the sale to as much as $16 billion.  
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Oil Rises First Time in Seven Days; Goldman Sees Tighter Supply
Oil rose for the first time in seven days in New York after China pledged to boost the nation's economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening. Futures gained as much as 0.8 percent after ...  
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Morgan Stanley Got About 38% Of Facebook IPO Shares, Goldman 15%
Lead underwriter Morgan Stanley received about 38% of the shares in Facebook Inc.’s initial public offering to distribute to investors, while J.P. Morgan got 20% and Goldman Sachs Group Inc.’s  allotment was roughly 15%, according to ...  
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FACTBOX: U.S. insider trading charges against Rajat Gupta
REUTERS - Rajat Gupta, former global head of McKinsey & Co, is set to go on trial on Monday in New York on charges he leaked confidential information while serving on the board of directors of Goldman Sachs Group Inc and Procter & Gamble Co in 2007 and 2008. U.S. prosecutors charged Gupta with securities fraud and being part of a conspiracy by tipping his then friend and business associate ...  
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Rajat Gupta to face U.S. jury in insider trading case
NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking ...  
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Facebook Expands IPO as Accel, Goldman Sachs Sell More Stock
The HinduFacebook Expands IPO as Accel, Goldman Sachs Sell More StockSan Francisco Chronicle(Updates with investor's comment in third paragraph.) May 16 (Bloomberg) -- Facebook Inc. investors such as Accel Partners and Goldman Sachs Group Inc. increased the number of shares they're selling in the social network's initial public offering, ...Facebook investors to cash out more sharesHouston ChronicleHalf of Americans Predict That Facebook is...  
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Oil Gains First Day in Seven; Goldman Sees Tighter Market
Oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening.  
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Goldman Sachs Names Carlotti to Securities Division Role
Goldman Sachs Group Inc. (GS) named Valentino D. Carlotti, the former president of its bank in Brazil, to run a newly created client-focused group within the sales and trading division, according to an internal memo. Carlotti, 46, will be based ...  
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Goldman Sachs Group, Inc. : Nassau Broadcasting Asset Sale Gets Bankruptcy...
The bankruptcy court signed off on the sale of Nassau Broadcasting Partners LP's assets Tuesday to five different buyers, including a Goldman Sachs Group Inc. (GS) affiliate, which bought the majority of the radio stations. "The debtors have demonstrated ...  
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10-Q: Goldman Sachs Group Inc
When we use the terms "Goldman Sachs," "the firm," "we," "us" and "our," we mean Group Inc., a Delaware corporation, and its consolidated subsidiaries. References to "this Form 10-Q" are to our Quarterly Report on Form 10-Q for the quarterly ...  
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Goldman, Merrill E-Mails Show Naked Shorting, Overstock Alleges
May 16 (Bloomberg) -- Goldman Sachs Group Inc. and Merrill Lynch & Co. employees discussed helping naked short-sales by market-maker clients in e-mails the banks sought to keep secret, including one in which a Merrill official told another to ...  
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Goldman Plans to Sell Half Its Facebook Stake
Goldman Sachs Group Inc. and funds managed by the firm will sell about $1 billion of stock in Facebook Inc.’s initial public offering, cashing out almost half their stake after the social network doubled in value. Christine Harper reports on ...  
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Goldman Sachs Group Shares Cross Above 200 DMA
In trading on Thursday, shares of Goldman Sachs Group Incorporated (NYSE: GS) crossed above their 200 day moving average of $108.79, changing hands as high as $109.36 per share. Goldman Sachs Group Incorporated shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of GS shares, versus ...  
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Goldman Sachs Loses Business Over LGBT Support
Goldman Sachs Group’s chief executive announced that his support for the LGBT community has cost the company at least one client, Reuters reported. Lloyd Blankfein said that his views on gay rights was "not without price" during an even that aimed to inc ...  
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Ross King Retires From Goldman Sachs
Goldman Sachs’ Financing Group includes debt and equity capital markets. Also at the bank, Melbourne-based Graham Goldsmith has traded his role as vice chairman of Goldman Sachs Australia for a role as a consultant. Goldman Sachs is currently ...  
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Spotify Said to Recruit Goldman in Round of New Funding
The company, co-founded by Chief Executive Officer Daniel Ek in 2006, is raising $100 million to $200 million, said two of the people, who weren’t authorized to speak publicly. Goldman Sachs Group Inc. may invest, said a third person.  
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Goldman Sachs Shorts Spanish Debt, Buys Italy’s
Goldman Sachs Group Inc. (GS) (GS), the fifth- biggest U.S. bank by assets, positioned itself for a decline in the value of Spanish government bonds and a rally in Italian sovereign debt during the first quarter. The firm’s “market exposure ...  
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Goldman Sachs Shorts Spanish Debt, Bets on Italy
Bloomberg's Christine Harper reports that Goldman Sachs Group Inc. positioned itself for a decline in the value of Spanish government bonds and a rally in Italian sovereign debt during the first quarter. She speaks on Bloomberg Television's ...  
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Soros fund buys shares in J.P. Morgan, Goldman
NEW YORK -- Billionaire investor George Soros's Soros Fund Management LLC has bought shares of J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. in the first quarter, according to a regulatory filing late Tuesday. The fund didn't have stakes in the two ...  
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Gold Eclipsed by Dollar Haven as Goldman Sees Rally: Commodities
May 16 (Bloomberg) -- Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe's debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the metal.  
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Goldman to Cash Out $1 Billion of Facebook Holding in IPO
Goldman Sachs Group Inc. (GS) and funds managed by the firm will sell about $1 billion of stock in Facebook Inc. (FB)’s initial public offering, cashing out almost half their stake after the social network doubled in value. The investment bank ...  
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Gold Eclipsed by Dollar Haven as Goldman Sees Rally
Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe’s debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the metal. Bullion erased its ...  
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Goldman Disputes $21M Bayou Arbitration Award In 2nd Circ.
A Goldman Sachs Group Inc. unit on Monday asked the Second Circuit to toss an arbitration award ordering it to return $20.5 million to a bankrupt group of hedge funds that allegedly ran a Ponzi scheme, saying the arbitrators’ decision ignored the law.  
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Gold price drops, Goldman stands by rally forecast
Goldman Sachs Group Inc. isn’t wavering from its forecast for a rally in gold this year, Bloomberg reported. Gold will advance to $1,840 an ounce in the next six months, Goldman Sachs (NYSE: GS) said. Gold prices sank to their lowest level in four months ...  
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Inside JPMorgan’s War Room; How High Will Facebook Pop? Wall Street Roundup...
Spain tapped Goldman Sachs to value nationalized lender Bankia SA. A-list: Goldman executives Lloyd Blankfein, Gary Cohn and David Viniar, American Express CEO Kenneth Chenault and former Proctor & Gamble CEO A.G. Lafley are among the financial ...  
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Ex-Goldman Director Gupta Seeks to Bar Rajaratnam Calls
Former Goldman Sachs Group Inc. (GS) director Rajat Gupta asked a federal judge to exclude statements by Galleon Group LLC co-founder Raj Rajaratnam from his trial this month in Manhattan federal court, according to a filing yesterday in New York.  
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Goldman names new client-focused trading head: memo
(Reuters) - Goldman Sachs Group Inc has named Valentino Carlotti as head of its client-focused trading business, according to an internal memo. Carlotti, 46, is now head of the Securities Division Institutional Client Group and will report to ...  
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Goldman Sachs Traders Lost Money on One Day in Quarter
Goldman Sachs Group Inc. (GS), the Wall Street bank that generated 57 percent of its first-quarter revenue from trading, had a loss from that business on one day in the period, down from 17 during the preceding three months. The firm’s traders ...  
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Ex-Goldman Director Opposes U.S. Request to Limit Trial Defense (Update 2...
Rajat Gupta, the former Goldman Sachs Group Inc. (GS) director accused of conspiracy in an insider-trading scheme, shouldn’t be barred from presenting evidence at trial of his charitable works, his lawyers said. Gupta is scheduled to go on ...  
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Goldman Sachs May Owe $2.21 Billion If Rating Falls Two Levels
Goldman Sachs Group Inc. (GS), one of the five U.S. banks with the biggest positions in over-the-counter derivatives, may owe counterparties $2.21 billion if its credit rating falls two levels. Counterparties could demand the money in collateral ...  
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Futures Trading News: Gold Eclipsed by Dollar Haven as Goldman ...
Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe's debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the metal.  
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Richard Ruzika, Ex-Goldman Commodities Trader, Dies at 53
(Updates with Lloyd Blankfein comments in fourth and fifth paragraphs.) May 8 (Bloomberg) -- Richard Ruzika, the former commodities chief at Goldman Sachs Group Inc., has died after a stroke following knee surgery last month. He was 53.  
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Pimco's Gross: QE3 Getting Closer as Goldman Sachs Sees Easing
Bill Gross at Pacific Investment Management Co. and Jan Hatzius at Goldman Sachs Group Inc. say investors should prepare for additional bond purchases by the Federal Reserve, known as QE3, to combat a slowing U.S. economy. A decision to buy more ...  
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Goldman, Merrill E-Mails Show Naked Shorting, Filing Says
Goldman Sachs Group Inc. (GS) and Merrill Lynch & Co. employees discussed helping naked ... at kgullo@bloomberg.net To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net  
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Baring Vostok to Join Goldman as Investor in Tinkoff Credit
Tinkoff Credit Systems, a Russian consumer lender, said Baring Vostok Private Equity Fund IV agreed to invest $50 million in the bank. Baring Vostok will join Goldman Sachs Group Inc. (GS) and Vostok Nafta Investment Ltd. (VNIL) as international ...  
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Goldman Said to Be Raising $351 Million Kramer Van Kirk CLO
Goldman Sachs Group Inc. (GS) (GS ... The Chicago-based firm was founded by Tom Kramer and Tim Van Kirk last year. The pair previously founded LightPoint Capital Management LLC in 2002, which was acquired by Lehman Brothers Holding Inc. in ...  
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Goldman Names Carlotti Head Of New Institutional Client Group In Securities...
NEW YORK -(Dow Jones)- Goldman Sachs Group Inc. (GS) said Valentino D. Carlotti will become head of its Securities Division's institutional client group, a new unit was formed to provide a central point of contact for clients of the division.  
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Goldman Hoards Italy's Debt
Goldman Sachs Group Inc. revved up its exposure to Italy's sovereign debt during the first quarter even as the securities firm shrank its vulnerability to Italian banks. In a securities filing, the New York company said its exposure to short ...  
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Goldman Lifts ‘Reasonably Possible’ Legal-Loss Estimate
Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, raised estimates of potential losses from legal claims by 13 percent and said a probe into its handling of Greek finances includes trading and research. The forecast of “re ...  
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Goldman Redeems $250 Million Hedge-Fund Stakes on Volcker
Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, redeemed about $250 million from hedge funds during the first quarter as it begins to comply with rules requiring banks to reduce such investments. The firm can “generally ...  
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Goldman Has One Day Of Trading Losses In 1Q -Filing
NEW YORK -(Dow Jones)- Goldman Sachs Group Inc. (GS) posted one day of trading losses in the first quarter, according to a quarterly regulatory filing. The loss was up to $25 million, the firm said. In contrast, Goldman reported 24 days of ...  
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Goldman Stands By Gold-Rally Forecast Even as Price Drops
Goldman Sachs Group Inc. (GS) stood by its forecast for a rally ... The precious metal remains the “currency of last resort,” according to analysts led by Jeffrey Currie in a report dated yesterday, the same day that gold sank to the lowest ...  
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Gross Says QE3 Getting Closer as Goldman Sees Easing
Bill Gross at Pacific Investment Management Co. and Jan Hatzius at Goldman Sachs Group Inc. (GS) say investors should prepare for additional bond purchases by the Federal Reserve, known as QE3, to combat a slowing U.S. economy. A decision to buy ...  
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Goldman Redeems $250M Hedge-Fund Stakes on Volcker
Goldman Sachs Group Inc. (GS) (GS), the fifth- biggest U.S. bank by assets, redeemed about $250 million from hedge funds during the first quarter as it begins to comply with rules requiring banks to reduce such investments. The firm can ...  
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Former Goldman director Gupta seeks to keep some wiretaps out of insider...
NEW YORK -- Rajat Gupta's lawyers have made another attempt to keep some secretly recorded telephone conversations out of his insider-trading trial later this month, saying the calls didn't include any discussion of tips by the former Goldman Sachs Group Inc. director.  
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Fairholme's Berkowitz sells Goldman
SAN FRANCISCO (MarketWatch) -- Fairholme Capital Management LLC's Bruce Berkowitz dumped a stake in Goldman Sachs Group and trimmed positions in Berkshire Hathaway Inc. and Citigroup Inc. in the first quarter, according to a regulatory filing late Tuesday. Berkowitz, who manages Fairholme Fund , also took a new position in Mercury General Corp. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit...  
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Goldman, Citigroup, Jefferies Said to Plan CMBS Transaction
Goldman, Citigroup, Jefferies Said to Plan CMBS TransactionBusinessWeekBy Sarah Mulholland on May 10, 2012 Goldman Sachs Group Inc. (GS) (GS), Citigroup Inc. (C) (C) and Jefferies Group Inc. (JEF) (JEF) plan to sell $1.5 billion of commercial mortgage-backed securities as soon as next week, according to people familiar ...and more »  
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Goldman posts one day of trading losses in first quarter
NEW YORK -- Goldman Sachs Group Inc. posted only one day of trading losses in the first quarter, compared with losses on more than a dozen days in each of the previous three quarters, according to a regulatory filing. The loss was up to $25 million, the ...  
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Goldman's New Troops
I asked point-blank, 'How is it working for Goldman?'" I accompanied the men when they joined their fellow interns and Lloyd Blankfein, Goldman's CEO, for lunch. While Mr. Blankfein seemed impressively informal—when he invited anyone who ...  
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Goldman Redeems $250 Million Hedge-Fund Stakes on Volcker
Goldman Sachs Group Inc. (GS) , the fifth-biggest U.S. bank by assets, redeemed about $250 million fromhedge funds during the first quarter as it begins to comply withrules requiring banks to reduce such ...  
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Gupta’s Davos-Worthy Friends Praise ‘Other Rajat’ Online
To U.S. prosecutors, former Goldman Sachs Group Inc. (GS) director Rajat Gupta is a Wall Street insider who fed secret tips to his business partner Raj Rajaratnam so the fund manager could reap millions in illicit profits.  
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