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.
Bank of America Merrill Lynch, the world's largest wealth manager, is seeking a buyer for its wealth management operations outside the U.S., Reuters said Tuesday.
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 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.
Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, reported better-than-expected first quarter profit on cost cutting and strong demand for new drugs, which offsets drags from generic competition and recalls.
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.
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.
Shares of troubled BlackBerry developer Research in Motion (Nasdaq: RIMM), jumped more than 4 percent late Monday amid unconfirmed reports the company has hired a banker for an auction.
Shares of AOL, the No. 5 website, fell 1 percent in late Monday trading even after the troubled company won its first Pulitzer Prize.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.
Intel (Nasdaq: INTC), the No. 1 chipmaker, is scheduled to report first-quarter results after markets close Tuesday. As always, Intel’s report will be a bellwether for the semiconductor industry.
Closely-held private equity giant The Carlyle Group will be putting a valuing itself somewhere in the vicinity of $7 billion during an upcoming initial public offering, the Wall Street Journal reported late Sunday, a conservative assesment that takes into account some very recent developments in the private equity and IPO worlds.
Exxon Mobil Corporation (NYSE: XOM) and Rosneft (LON: ROSN) are expected to cement a historic deal on Monday that would allow Exxon access to Russia's Arctic reserves and catapult Rosneft on the global energy stage by granting it entry into North America, reported Reuters, citing sources familiar with the matter.
Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.
Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, is expected to report higher first-quarter profit as strong performance of new drugs offsets drags from generic competition and strings of recalls.
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.
Gannett Co. (NYSE: GCI), the largest U.S. newspaper group by circulation, said Monday that earnings fell in the first quarter due to a slump in advertising revenue and restructuring costs.
KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones Newswires, citing three people familiar with the matter, as financial market conditions stabilize on the island nation.
Fortuna Silver Mines (FVI.TSX, NYSE: FSM) said silver production at its Mexico and Peru silver mines more than doubled in the first quarter as it mined higher grade ore from reserves in newly opened production level.
Shares of Texas Instruments (Nasdaq: TXN) rose nearly 2 percent in early trading after the No. 1 maker of chips for cell phones was selected to join the Nasdaq 100 Index (Nasdaq: NDX).
As U.S. taxpayers complete their income tax forms, few had as good a 2011 as new Apple CEO Tim Cook, whose compensation now is valued above $600 million.
The bears were on the prowl Friday, as negative economic news out of China, Spain, and the U.S. left global investors struggling to find safe places for their cash -- and the positive developments that did surface appeared to have little effect.