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Stock Market & Financial Investment News

News Breaks
December 14, 2012
11:37 EDTGSGoldman's Sykes says had no role in Dragon deal, Reuters reports
Gene Sykes, who runs Goldman's (GS) M&A business, has denied that he had any role in the 2000 sale of Dragon Systems to Lernout & Haupsie shortly before the Belgian company went bankrupt, Reuters reports. Dragon's founders have sued Goldman, accusing the bank of advising them to pursue the $580M deal. Reference Link
News For GS From The Last 14 Days
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November 25, 2015
12:46 EDTGSFederal Reserve approves final rule for capital plan and stress test regulations
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06:17 EDTGSThree Goldman Sachs bankers leave for Uber, Reuters reports
Three bankers in Goldman Sach's technology investment banking group have left the company to take positions at Uber in recent months, reports Reuters, citing people familiar with the matter. Goldman does not disclose attrition figures, but has lost enough employees to startups and private equity firms that it announced earlier a series of changes designed to retain more junior employees. Reference Link
November 24, 2015
15:05 EDTGSFed to provide means for banks examiners to express divergent views
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07:45 EDTGSSunEdison places 400MW of solar capacity on sale, Economic Times says
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November 18, 2015
08:55 EDTGSMorgan Stanley exec sees Q4 not much better than Q3 for banks, DJ reports
Morgan Stanley (MS) Institutional Securities President Colm Kelleher cautioned that fixed-income markets "still seem subdued," according to Dow Jones, citing his comments at an investment conference. Morgan Stanley was among the banks that reported lower revenue from fixed-income, currency and commodities trading during the third quarter and Kelleher said he doesn't think "the fourth quarter is going to be much better," the report noted. Large bank peers to Morgan Stanley include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
November 16, 2015
11:31 EDTGSBlackstone to sell GCA Services Group to Thomas H. Lee Partners and Goldman Sach
Blackstone (BX) announced that private equity funds it manages have agreed to sell GCA Services Group to a consortium of the Merchant Banking Division of Goldman Sachs (GS) and Thomas H. Lee Partners. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2016.
07:40 EDTGSBuffett says lower stakes in Goldman, Wal-Mart doesn't reflect lower confidence
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07:36 EDTGSBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
06:48 EDTGSGoldman, Thomas H. Lee agree to buy GCA Services from Blackstone, Reuters says
According to sources, Reuters reports that the private equity unit of Goldman Sachs (GS) and Thomas H. Lee Partners have agreed to buy GCA Services Group, a facility management company, from Blackstone (BX) for about $1B, including debt. Goldman and Thomas H. Lee will have equal participation in the consortium that will buy GCA. Reference Link
November 12, 2015
07:36 EDTGSGoldman Sachs management to meet with Deutsche Bank
Meeting to be held in Montclair, NJ on November 12 hosted by Deutsche Bank.
06:12 EDTGSMorgan Stanley to offer wealth management clients savings accounts, Reuters says
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