Result Page 112 for Goldman sachs news & latest pictures from ibtimes.com

Goldman profit surges

Goldman Sachs Group Inc said on Thursday that quarterly profit surged 79 percent, blowing away expectations of weak results, as the investment bank generated its second-highest revenue ever despite turbulent summer markets.

Wall Street flat after mixed earnings reports

Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.

Bear Stearns net tumbles 61 percent

Bear Stearns Cos Inc said on Thursday quarterly profit plunged 61 percent to its lowest level in five years on bad bets on subprime mortgages and disrupted fixed-income trading.

Goldman profit surges despite summer turmoil

More news

Lehman net falls on writedowns

Lehman Brothers Holdings Inc. posted a 3.2 percent decline in quarterly earnings on Tuesday as the U.S. investment bank wrote down mortgage and leveraged loan assets, but the results beat expectations and its shares rose. The results soothed investors concerned that the widening U.S. subprime mortgage crisis would wallop investment bank earnings.

Goldman sees oil surging to $85 by year end

Goldman Sachs on Monday forecast U.S. oil prices will surge to $85 by the end of the year, and said crude could climb as high as $90 due to tight supplies.

Business Objects is looking for a buyer: report

Business Objects, a French-American business intelligence software maker, is looking for a buyer and has appointed Goldman Sachs to find an investor, Le Figaro newspaper said.

Black box brokerages keep investors in the dark

Wall Street reports earnings next week but outsiders don't really have a clue what they'll be.

Week ahead: Stocks may rise on expected interest rate cut

Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher this week and could boost them next week.

Merrill warns of securities value adjustments

Merrill Lynch & Co warned on Friday that shaky credit markets forced the world's largest brokerage to adjust the value of securities linked to risky subprime mortgages and other products, a move that could hurt third-quarter profit.

McDonald's, financials lift market

U.S. stocks rose on Thursday after a Wall Street analyst said brokerage shares were undervalued and McDonald's Corp raised its annual dividend by 50 percent.

Oil hits new high above $80

Oil rose to an all-time high of $80.20 on Thursday after Hurricane Humberto forced the closure of some U.S. Gulf refiners and stoked concerns of fuel shortages this winter.

Countrywide stock down; report says investor sought

Countrywide Financial Corp shares closed down almost 2 percent on Tuesday following a report the largest U.S. mortgage lender was working on a strategic investment similar to the deal with Bank of America Corp last month in which it received a $2 billion injection.

KKR close to concession on First Data deal: source

Kohlberg Kravis Roberts & Co. is close to making a concession to the banks financing its $26 billion leveraged buyout of payment processor First Data Corp, a source said on Monday.

Tech emerges as safe haven

Technology stocks have emerged as a safe haven for investors amid turmoil.

Blackstone to buy stake in China's BlueStar: source

Blackstone Group plans to buy a 20 to 40 percent stake in chemicals company China National BlueStar (Group) Corp for up to $500 million, marking its first major investment in the world's fastest-growing major economy.

Media stocks under pressure

Shares in some of the biggest U.S. entertainment and media companies fell on Wednesday after Goldman Sachs downgraded its view on the sector to cautious from neutral due to concerns about the U.S. economic slowdown.

Sony shares jump on plan to list financial unit

Shares of Sony Corp jumped on Wednesday after the electronics conglomerate said it would list shares of its financial arm on the Tokyo Stock Exchange next month after raising up to $3 billion in an initial public offering to fund its core electronics business.

European shares up, led by banks, but utilities fall

European share indexes rose on Monday as remarks by executives of Barclays and Deutsche Bank eased fears of losses from the recent credit market turmoil, but utilities fell after news of a big French merger.

China deals on the rise, but bankers hard to find

Chinese demand has already fuelled booms in markets from copper to shipping, but the rise of the world's fastest growing economy is also driving up prices for another hot commodity: bilingual bankers.

Credit concerns drive Wall Street lower

U.S. stocks fell on Thursday on mounting concerns that credit market upheaval will erode bank profits and hold back consumer spending, but optimism about corporate investment helped lift technology shares.

Wall St fades on credit, profit concerns

U.S. stocks fell on Thursday as financial stocks dropped on credit worries, overshadowing earlier optimism about technology company profits. Lehman Brothers slashed earnings estimates on four top Wall Street banks, adding its voice to the chorus of widely followed research analysts warning credit turmoil would cut into bank profits.