GOLDMAN SACHS

Morgan Stanley Buys Bank to Gain China Access

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Morgan Stanley said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals. The deal allows Morgan Stanley to apply immediately to offer yuan-denominated products.
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FTSE 100 falls on U.S. growth worries

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability
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Wall St Set for Lackluster Start; Lehman in Focus

Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.
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FTSE closes higher as miners, Corus gain

Britain's FTSE 100 share index closed higher on Tuesday as a surge in the cost of base metals boosted miners such as Xstrata, while steelmaker Corus rose on bid talk and reassuring results from a rival.
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Commodity investors earn less this year, oil key

Big investors buying into baskets of commodities saw lower returns in the first half of this year, compared with a year ago, as oil generated slimmer gains and the search intensified for new strategies.
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Istithmar Invests $100 Million in Perella Weinberg

Istithmar PJSC, the international investment house based in the United Arab Emirates, Thursday announced an investment of US $100 million in a new financial services firm headed by Joseph Perella, a reputed former Morgan Stanley investment banker.
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Goldman Group to Buy AB Ports for $4.6 Bln

A group including Goldman Sachs agreed to buy Associated British Ports, Britain's largest ports group, for 2.5 billion pounds ($4.6 billion) on Wednesday, the latest in a string of UK port takeovers.
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Job Site Monster Investigated for Stock Grants

Online job site Monster Worldwide Inc. and four other companies on Monday disclosed investigations by U.S. authorities into executive stock options grants, widening a scandal that now involves some 40 companies.
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FTSE ends higher, bid talk boosts BAA, Corus

Leading UK shares closed higher on Friday but finished the week with a moderate loss as the market's recent choppy trading pattern, sparked by inflation and interest rate jitters, persisted.
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Goldman investors see Blankfein taking over

Goldman Sachs Group Inc. shares fell on Tuesday after Chief Executive Henry Paulson said he was leaving to become the U.S. treasury secretary, but investors say his heir apparent, Lloyd Blankfein, could continue the bank's winning ways.
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No Bubble to Burst in Commodities: PIMCO

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.
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Chinese bank denies in talks on Bear Stearns stake

China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank.
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Merrill, Goldman Workers Charged in Scheme

A Merrill Lynch analyst, two Goldman Sachs employees and a worker at a plant that printed Business Week magazine have been charged in an insider trading scheme that netted more than $6.7 million, prosecutors said Tuesday.

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