Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale. Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said on Thursday. Private equity firm Kohlberg Kravis Ro... Read more...
The blacklisted mathematics instructor Chandler Davis, after serving six months in the Danbury federal penitentiary for refusing to cooperate with the House Un-American Activities Committee (HUAC), warned the universities that ousted him and thousands of other professors that the purges would deci... Read more...
Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to somethi... Read more...
Singapore. A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Goldman is being investigated for fraud by the Securities and Exchange Commissio... Read more...
The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages. The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their fa... Read more...
Palm has put itself up for sale and is actively looking for bids this week, according to Bloomberg Following the company's poor performance over the last few months, speculation has been rife that a sale was on the cards. Sales of the company's WebOS Pre and Pixi phones have been disappointi... Read more...
Well, it’s been a while now since Google launched the Nexus One — and so far, it hasn’t lived up to their expectations. I guess it’s not as bad as the Google Buzz roll-out, but Google’s attempt at fundamentally changing the way we buy cell phones has yet to bear much fruit. Goldman S... Read more...
WASHINGTON (CNNMoney.com) -- As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hear... Read more...
6. Goldman Sachs CEO: Lloyd Blankfein 2007 compensation: $70 million 2008 compensation: $1.1 million 9-month compensation pool: $16.7 billion Workers: 31,700 Average compensation: $526,813 Loans, 2009 vs. 2008*: $41.6 billion vs. 41 billion (1.5%) 5. Morgan Stanley CEO: John Mack (who is s... Read more...