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Goldman Sachs Q4 Earnings Likely to Disappoint, the Question Is By How Much

The Goldman Sachs building at 200 West Street is seen in New York
As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.

Gov. Cuomo Proposes $132.5 Billion Budget

Gov. Cuomo
On Tuesday, Gov. Andrew Cuomo proposed the state's budget of $132.5 billion for the coming year. In his address from Albany, he asked legislators and officials to reduce spending on service programs and merge various government programs.
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U.S. Charges Russian Father and Son with Cyberfraud

U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.
Workers install scaffolding at a construction site as a Chinese national flag flies near by in central Beijing

China Arrests Another Dissident, Zhu Yufu, on Subversion Charges

Veteran dissident has been indicted by Chinese authorities on charges of attempting to subvert the state for writing a poem urging people to gather to defend their freedoms, his lawyer said Tuesday, the latest in a string of indictments or trials of popular dissidents this year.
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Nancy Pelosi: GOP Knows Romney Can't Beat Obama

The House Minority Leaders claimed even his own party doesn't believe Mitt Romney can win in November 2012, which is why support for him has been so half-hearted. But Pelosi had even less regard for his fellow candidates, who she called third tier representatives that show the Party's disconnect from what Pelosi asserts are the true carriers of the American Dream: the Democrats.
A gas rig in Pennsylvania

New York Could Allow Hydraulic Fracking By Year's End

When it comes to hydraulic fracturing New York stands at a crossroads, by the end of this year the state's Department of Environmental Conservation could start granting drilling permits for horizontal natural gas drilling.
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Wine websites get mixed reviews

Just as Amazon revolutionized the way books are sold and Groupon has conditioned shoppers to expect daily deals on services and foods, a cluster of websites have upended the stodgy world of wine.
MTA

MTA Offers Union New Deal as Contract Ends

The Metropolitan Transportation Authority made an offer to the Transit Workers Union on Monday, hours after their previous contract ended Sunday night. However, the TWU is not willing to commit to anything just yet.

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