goldman sachs

Wall Street firm Goldman Sachs may report a quarterly net loss of as much as $2 billion, according to a report in the Wall Street Journal.

Hi, this is Danielle Ivory from ANP. My colleague, Lagan Sebert, and I have recently been covering the economic crisis and found ourselves thoroughly intrigued by the bank mergers happening all over the country.

We looked into it, connected the dots, and this is what we discovered..

While IT spending is set to decline in 2009, according to a new report from Goldman Sachs, a few vendors and sectors should fare better than others.

Apparently, some banking execs do have a sense of shame. Goldman Sachs CEO Lloyd Blankfein and six other top executives have renounced their 2008 bonuses, saying they do not deserve them due to the company’s poor performance.

Wall Street is busy cutting its estimates for Google’s fourth quarter amid multiple signs of a slowdown.

However, analysts note that Google is a black box and the company could still prove to be recession resistant.

On Monday, Barclays cut Google’s price target.

P. J. O’Rourke takes a rhetorical tire iron to the conservative movement of which he’s been on the libertarian side of since the 1970s.

If you know O’Rourke, you know he has about as much love for modern liberals as dogs have for cats. Seems he now finds modern conservatives just as hideous.

You don’t have to agree with O’Rourke to enjoy this article.

Some excerpts:

Financial firm Goldman Sachs is to reduce its global workforce of 32,000 staff by 10%, it has confirmed.

LinkedIn has bolstered its war chest with a $22.7 million round of funding from the likes of Goldman Sachs, McGraw-Hill, SAP and Bessemer Venture Partners.

In a blog post (Techmeme), LinkedIn CEO Dan Nye said the latest round follows the $53 million the company raised in June.

Recently minted commercial bank Goldman Sachs Inc. has applied for a New York state banking charter, state officials said Monday.

Warren Buffett's company is investing three billion dollars in General Electric. The stock has fallen 42 percent in the past year.

Buffett says he is confident that GE will continue to be successful. Berkshire Hathaway last week invested $5 billion in Goldman Sachs after the investment bank's shares dropped.

» E-Mail This     » Add to Del.icio.us