Goldman wins mortgage case appealed by German bank
Goldman Sachs Group Inc and investment adviser TCW have survived an appeal by a German bank that sued them for fraud over a toxic derivative marketed at the height of the housing market bubble.
Facebook’s IPO Could Top $100 Billion After Instagram Deal
Facebook’s $1 billion deal to acquire Instagram may have resulted in pushing the initial public offering price for the No. 1 social media network even higher.
iPhone 5 Release Date: Why Apple’s Next iPhone Launch Could Be The Most Important One Till Date
On April 24, Apple CEO Tim Cook is going to announce the company's fiscal Q2 earnings ended in March, and if analysts' predictions are to be believed, the company sold 33 million iPhones, 12 million iPads, and 4.3 million Macs during the quarter.
Brazil Cuts Benchmark Rate To Near-Record Low 9%
Brazil’s central bank cut its benchmark interest rate to 9 percent from 9.75 percent on Wednesday, bringing the rate down to a near-historic level. This is the sixth time Banco Central do Brasil has reduced its Selic rate since August, when it cut the rate to 12 percent from 12.5 percent.
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Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises
Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.
Asian Stocks Rally On Spain Debt Auction; Nikkei Rises 2.14%.
Asian stock markets rallied on Wednesday as sentiment was boosted by a successful Spanish debt auction and strong global growth forecast from the International Monetary Fund (IMF).
US Futures Signal Lower Open After Rally
US stock index futures pointed to a lower opening Wednesday after posting strong gains in the previous session.
Wall Street rallies on earnings, Europe helps
U.S. stocks scored their biggest gains in a month on Tuesday after Coca-Cola led a round of strong earnings and as concerns about Europe's debt crisis eased as Spanish bond yields fell.
IBM's 1Q Earnings Beat Estimates On Strong Sales To BRICS
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, reported first-quarter earnings that beat analyst estimates although revenue came in slightly lower than expected.
Earnings, Europe news spark Wall Street rally
Stocks rallied on Tuesday as investors welcomed a slew of solid quarterly corporate results and after a German investor confidence survey surprised on the upside and Spanish benchmark yields eased.
US Stocks Soar On Earnings, IMF Forecast, Falling Spanish Yields
U.S. stocks soared Tuesday on good corporate earnings, falling Spanish interest rates and an International Monetary Fund forecast for strong economic growth in the United States.
Citigroup Shareholders Reject Top Execs' Pay In Advisory Vote
Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.
Five Takeaways From The 1Q 2012 Goldman Sachs Earnings Call
Goldman Sachs Group Inc. (NYSE: GS) Chief Financial Officer David Viniar took questions from analysts on Tuesday morning in a wide-ranging call that touched on government regulation, risk, departures of the firm's partners and the firm's standing on Wall Street. Here are five key points.
Coca-Cola (KO) Q1 Earnings Up 8% On Emerging Market Gains
The Coca-Cola Company (NYSE: KO), the world's largest soft-drink maker, reported first-quarter profits that topped analysts' estimates, helped by price increases and strong demand in emerging markets.
Goldman beats Street but dials back risk
Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank.
Goldman Sachs Profit Falls 23%, But Earnings, Revenue Beat Forecast
Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets, said Tuesday it had 23% less profit in the first quarter on falling investment banking and trading revenue, but its revenue beat analyst forecasts as it raised its dividend.
Pre-market Movers (ECYT, CMA, CSIQ, S, VLO, USB, BAC, CHOP, KITD, HST, GS)
The companies whose shares are moving in pre-market trade Tuesday are: Endocyte, Comerica, Canadian Solar, Sprint Nextel, Valero Energy, U.S. Bancorp, Bank of America , China Gerui Advanced Materials Group, KIT digital, Host Hotels and Resorts and Goldman Sachs Group.
Goldman profit tops estimates; raises dividend
Goldman Sachs Group Inc reported higher-than-expected quarterly earnings thanks to aggressive cost-cutting and strong investment banking and trading revenues, and the Wall Street bank raised its dividend.
US Futures Advance; Earnings, Housing Data In Focus
Futures on major US indices point to a higher opening Tuesday ahead of the quarterly earnings from top investment bank Goldman Sachs (NYSE: GS) and key housing data due to be released before market opens.
Spanish Bond Yields Top 6%, CDS Costs Rise
Spanish sovereign bond yields edged above 6 percent on Monday as investors grew wary of the government's continued struggles to reduce the deficit and improve labor market competitiveness.
Earnings Preview: Flat Revenue Expected At Yahoo
Yahoo! Inc. (Nasdaq: YHOO), the beleagured No. 2 search engine, is expected to have flat revenue and earnings in the first quarter as it seeks to turn around stagnant advertising and search divisions under its new CEO.
Earnings Preview: IBM’s 1Q Report Expected To Show Big Shifts to ‘Big Data’
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.
Temasek buys $2.3 billion of ICBC shares from Goldman
Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
Coca-Cola Earnings Preview: Q1 Lifted By Sales In Emerging Markets
The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
Pre-market Movers (FSLR, ANR, CF, AMD, HAL, C, MAT, HAS, INFY, SCG)
The companies whose shares are moving in pre-market trade on Monday are: First Solar, Alpha Natural Resources, CF Industries Holdings, Advanced Micro Devices, Halliburton, Citigroup, Mattel, Hasbro, Infosys and SCANA Corp.
Goldman Sachs Sells $2.3 Billion Of ICBC Shares To Temasek Holdings
Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
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