Goldman Sachs is selling its 30.48 percent stake in South Korean cable TV operator C&M, valued at $970 million, a newspaper said on Monday, in the latest sale of Korean assets by foreign investment firms.
It was Wall Street's version of hide and seek this week as some of the world's largest investment banks remained tight-lipped on the likely fall in price of some complex securities that may soon infect global debt and equity markets.
Blackstone Group LP (NYSE: BX) units rose 13 percent in their first day of trading on Friday, as the first major U.S. private-equity firm went public and minted billions of dollars of new wealth for its founders.
Goldman Sachs’ (NYSE: GS) real estate fund, Whitehall, has agreed to acquire hotel owner Equity Inns, Inc. (NYSE: ENN) in a deal worth $1.27 billion, not including debt, the companies announced Thursday.
Morgan Stanley on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as most of its trading and investment-banking businesses achieved record results.
Stocks were little changed on Monday as lingering worries about the subprime mortgage market offset optimism about corporate takeovers.
Lehman Brothers's lagging stock price offers the chance to buy into a rising power as it seeks to join the company of larger investment banks like Goldman Sachs and Morgan Stanley, Barron's reported in its June 18 edition.
Goldman Sachs Group Inc. and Bear Stearns Cos. Inc. are learning that it's a tough time to be in the U.S. mortgage business. Both banks suffered from rising home buyer defaults in the latest quarter.
Goldman Sachs Group Inc. barely managed to show a rise in quarterly profit as a sharp drop in fixed income trading revenue offset record investment banking fees and strong equities income.
U.S. stocks rose on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp., offsetting disappointment over profit reports from Bear Stearns and Goldman Sachs.
Investment bank Bear Stearns Cos. Inc., one of the nation's largest mortgage bond underwriters, said on Thursday quarterly earnings fell by a third as trouble in the mortgage market hurt bond trading revenue and it wrote down assets at a stock trading venture.
Should China's CITIC Securities command a valuation four times that of Goldman Sachs?
Merchants Securities Co., the brokerage arm of China's top port operator Merchants Group, has hired Chinese joint ventures of UBS and Goldman Sachs to underwrite its proposed domestic IPO, sources close to the situation said on Wednesday.
Shares of Affiliated Computer, Inc. (NYSE: ACS) rose on Monday, a day after news that the company was open to additional buyout bids.
Hard disk parts provider Komag Inc. (NASDAQ: KOMG) lowered its second quarter guidance on Wednesday, saying market pressures and product transitions have negatively impacted its quarter.
International Business Machines Corp. (NYSE: IBM) was downgraded from a Buy to a Neutral rating by a Goldman Sachs (NYSE: GS) analyst after the firm reported its earnings for the first quarter on Wednesday.
Steel maker Ipsco Inc.(NYSE: IPS), the second largest U.S. steel pipe maker for energy explorers, confirmed on Thursday that it is currently in discussions that could lead to a potential acquisition of the company.
Shares of software maker Autodesk (Nasdaq: ADSK) rallied Tuesday as Goldman Sachs upgraded the firm from a neutral rating to a buy.
Shares of computer maker Dell (Nasdaq: DELL) rallied today after investment bank Goldman Sachs upgraded the firm from to a buy rating from its previous neutral rating.
Wall Street giant Morgan Stanley (NYSE: MS) reported record profit and revenue for its first quarter on Wednesday, with net income rising more than 60 percent from the previous quarter, giving the firm's shares a nearly 7 percent boost for the day.
Shares of the first publicly listed U.S. hedge fund soared in early trading Friday, doubling on their opening day.
Apple Inc. was removed from the 'convicted buy' list of investment banks Goldman Sachs this morning, as the firm cited 'negative speculation' ahead of the June release of the iPhone.
