GOLDMAN SACHS

Warren Buffett says on the hunt for deals

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Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
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Gold: The Once and Future Money

For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...
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A man gestures as he sits in an army armoured vehicle in Shahat

Libyan turmoil driving crude prices ever higher

Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.
Kansas City Federal Reserve President Hoenig speaks at the American Economic Association Conference in Atlanta

Fed's Hoenig: Big banks too risky, rates too low

Wall Street's financial giants continue to pose major risks to the U.S. economy, and must be broken up to avoid another meltdown, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.
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StanChart exits loan trading to focus on lending

Emerging markets focused lender, Standard Chartered Bank <2888.HK>, has shuttered its global loans trading unit, sources familiar with the matter told Reuters on Wednesday, ending a unique experiment in Asia, as it moves to focus on lending to clients.

China trade surplus shrinks, supports government's G20 case

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.

China sees U.S. stoking Brazil, India anger over yuan

The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.
Richard D. Kinder, Chairman and Chief Executive Officer of Kinder Morgan Energy Partners LP addresses the Reuters Energy Summit

Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.
U.S. group sets oil talks with China

U.S. group sets oil talks with China

A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.
An interior of Big Lots store

Big Lots Sale Appears Possible: Analyst

Benchmark Capital said the sale of retailer Big Lots (NYSE: BIG) appears possible and private equity buyers could target the company, after Bloomberg reported that Big Lots is exploring strategic options.
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Regulators set to curb bank bonuses, part of global move

Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
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Big U.S. banks face delayed bonuses

U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
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U.S. set to curb bank bonuses, part of global move

U.S. regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
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Managing AIG's return to public hands

As bailed-out insurer American International Group prepares to return to the public markets, some say it needs a sign from an eminent authority that it is a company with solid operations and a stock worth an investment of hard-earned money.
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Nomura posts jump in profit but costs weigh

Nomura Holdings <8604.T>, Japan's top brokerage, reported its biggest profit in three quarters after gains in Tokyo stocks gave a boost to revenues, but higher costs to expand overseas limited earnings growth.
Facebook overvalued at $50 bln in Bloomberg’s global poll

Facebook overvalued at $50 bln: Bloomberg's global poll

Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.
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Goldman's Tourre cannot delay SEC case, judge says

Goldman Sachs Group Inc vice president Fabrice Tourre lost his bid to delay depositions in a U.S. regulator's lawsuit accusing him of misleading investors about a product linked to subprime mortgages.

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