GOLDMAN SACHS

Michael Ovitz, former Disney President arrives at the Sun Valley Resort in Sun Valley, Idaho

IMG board votes to oust Ovitz after failed bid

The advisory board of IMG held a conference call on Friday to discuss what to do about Michael Ovitz's play to take over company management, according to an individual with knowledge of the call.
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HP hires Goldman to guard against activists: report

Hewlett-Packard CO has hired Goldman Sachs Group Inc to help the company defend itself against possible activist investors who could push for change at the Silicon Valley company, the Wall Street Journal reported, citing people familiar with the matter.
To match Special Report LME-WAREHOUSING

More Than 9 Suitors Court London Metal Exchange

Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits because business is booming with volumes at record levels, its chief executive Martin Abbott said.
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Goldman, TCW win dismissal of Landesbank CDO suit

Goldman Sachs Group Inc and TCW Asset Management Co won dismissal on Wednesday of a lawsuit by German state-owned Landesbank Baden-Wurttemberg over a derivative product that lost money during the credit crisis.
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Goldman may cut additional jobs and costs: report

Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
Greece must shrink state to avoid default: lenders

Global Recession 2011: It's Real, and It's Going to Hurt

Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.
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Goldman's Tourre seeks appeal in SEC fraud case

Lawyers for the only Goldman Sachs employee charged over the Abacus subprime mortgage transaction have asked a judge for permission to appeal one of the legal claims U.S. securities regulators brought against him.
  Late last year, AT&T slapped a deployed U.S. soldier with a "bill shock" of $16,000

Judge Sets February 13 Date for AT&T Antitrust trial

A U.S. judge set a February 13 start for a trial over whether AT&T Inc can buy rival T-Mobile USA, a compromise between the companies' desire for a quick resolution and the Justice Department's request for more time to prepare its case.
Greenspan listens to opening statements as he testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill

BRIC Help for Euro Zone Has Echoes of 1998

The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.

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