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Stock Market & Financial Investment News

News Breaks
July 19, 2011
09:09 EDTGSGoldman Sachs layoffs to occur this year, CNBC's Faber reports
News For GS From The Last 14 Days
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December 26, 2014
16:18 EDTGSOn The Fly: Closing Wrap
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12:02 EDTGSOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, putting the Dow on track for a seventh straight session of gains and pushing the S&P 500 nearer to its next round-number milestone. There has been little movement since the open, as the averages have moved in a narrow range. The volume is light, which is expected due to the many investors extending the holiday weekend. ECONOMIC EVENTS: In the U.S., no major economic reports were released. In Asia, the People's Bank of China is said to be weighing a move to would boost liquidity conditions by changing its rules on how loan-to-deposit ratios are calculated at banks. Additionally, Japan's industrial production activity fell 0.6% in November, versus expectations for a 0.8% gain. COMPANY NEWS: Shares of Amazon.com (AMZN) climbed nearly 2% after the company announced that more than 10M of its customers had joined its Prime service for the first time this holiday season. A number of analysts have said that Prime members order significantly more products from Amazon than the company's customers who are not Prime members. "We are working hard to make Prime even better and expanding the recently launched Prime Now to additional cities in 2015,” said CEO Jeff Bezos. Prime Now, which launched in select areas of Manhattan on Dec. 18, offers one-hour delivery on "tens of thousands" of products... Sony's (SNE) PlayStation Network and Microsoft's (MSFT) Xbox Live service have been experiencing regular outages since Wednesday. Each of the game networks' owners have confirmed they have been having “network issues,” without reporting a cause, but various reports have attributed the outages to DDoS attacks from a hacker group calling itself “Lizard Squad.” MAJOR MOVERS: Among the notable gainers was Groupon (GRPN), which rose over 6% after Korea Times reported that the company's 100% owned Ticket Monster is drawing interest from Goldman Sachs' (GS) private equity arm. Among the noteworthy losers was NQ Mobile (NQ), which was giving up about 6% of the 35% advance the stock had on Wednesday after the company authorized the repurchase of up to $80M of its shares. INDEXES: Near midday, the Dow was up 45.44, or 0.25%, to 18,075.65, the Nasdaq was up 28.55, or 0.6%, to 4,802.02, and the S&P 500 was up 8.81, or 0.42%, to 2,090.69.
11:20 EDTGSGroupon may sell Ticket Monster to Goldman Sachs, Korea Times says
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December 22, 2014
14:14 EDTGSGoldman Sachs completes sale of Metro International Trade Services
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13:51 EDTGSGoldman Sachs sells Metro metal unit to Reuben Brothers, CNBC says
Goldman Sachs has sold its Metro metal-storage unit, which was accused of manipulative practices in November by a Senate panel, to Geneva investment company Reuben Brothers, according to CNBC, citing a source familiar with the deal. Reference Link
December 19, 2014
07:31 EDTGSLarge banks oil exposure manageable, says Wells Fargo
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December 18, 2014
15:16 EDTGSFed gives banks until July 2016 to to conform investments with covered funds
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14:28 EDTGSGoldman Sachs promotes Waldron to co-head of investment-banking, WSJ reports
Goldman Sachs promoted John Waldron to replace John Weinberg as co-head of investment-banking, reported The Wall Street Journal. Weinberg will remain one of the firm's three vice chairmen and transition to a new client-development role, the report noted. Reference Link
December 17, 2014
07:20 EDTGSCapital Link to hold a forum
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December 16, 2014
07:21 EDTGSGoldman Sachs volatility at upper end of two-year range
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December 15, 2014
16:15 EDTGSGoldman Sachs initiated with a Buy at Guggenheim
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