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Snuffysmith's Blog (Free subscription) | 4 hours ago
Goldman Sachs and US demise Goldman Sachs showed only contempt in offering an annual US$100 million to help small business while setting aside $16.7 billion for bonuses. The US government must stop frightening Americans by saying that the sky will fall if they take action against the financial institutions that have been responsible for the country's economic crisis. - Hossein Askari...
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Cassandra Does Tokyo (Free subscription) | yesterday
With the holiday season rapidly approaching, I managed to get my hands on the Goldman Sachs Xmas Party Menu for this year. I'm told it's not final, but this is what they are proposing (note the pretty ballsy choice of venue...)Goldman Sachs Holiday Fete - 2009 at the Palais VersaillesAPERITIFS & HORS D'OEUVRESFinest Golden Chartreuse ElixirDOM Benedictine Selection of Trappist 'Biere...
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Asia Times (Free subscription) | yesterday
Goldman Sachs showed only contempt in offering an annual US$100 million to help small business while setting aside $16.7 billion for bonuses. The US government must stop frightening Americans by saying that the sky will fall if they take action against the financial institutions that have been responsible for the country's economic crisis. - Hossein Askari and Noureddine Krichene
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Gothamist (Free subscription) | yesterday
Apparently news that Goldman Sachs employees would help out at the Salvation Army's Thanksgiving meals isn't good enough for the NY Times editorial board! The Times published an opinion piece slamming Goldman Sachs for its "non-apology." Noting that CEO Lloyd Blankfein said, "Certainly, our industry is responsible for things. We’re a leader in our industry, and we...
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Business Week (Free subscription) | yesterday
Stock Picks: Goldman Sachs, eBay, Penn VirginiaPlus Wall Street analyst opinions on Eclipsys and THQ Inc. ) Bernstein lifts estimatesDespite a likely end-of-year slowdown in fixed-income trading, Goldman Sachs will top Wall Street expectations by cutting the percentage of sales it sets aside as compensation, Bernstein analyst Brad Hintz said on Nov. 23. Hintz also added that the seasonal...
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The Huffington Post (Free subscription) | yesterday
... players in baseball. (These players, in turn, generate yet more revenue.) The other team is Goldman Sachs , the legendary investment banking and securities organization that generates record profits almost every year, even in the midst of a global-financial downturn. To put its record in perspective, consider that the average profit margin for financial services organizations from 2000 to...
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PR News Wire (Free subscription) | yesterday
BEIJING, Nov. 23 /PRNewswire-Asia-FirstCall/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that members of its management team will participate in Goldman Sachs Fifth Annual Global Steel CEO Forum from December 2-3,...
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Market Watch (Free subscription) | yesterday
FRANKFURT (MarketWatch) -- Hochtief AG , a German-based construction group, was upgraded on Monday to buy from neutral at Goldman Sachs, which also added the stock to its conviction buy list. "Despite strong share price performance year-to-date, we do not believe the current price adequately reflects the company's structural strength and exposure to attractive end markets," Goldman...
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The Corner (Free subscription) | yesterday
Several readers objected to my Saturday post on Goldman Sachs and the government. One of my points was that if people don't like the fact that Goldman is making tons of money because of an implicit government guarantee, they should blame the government, not Goldman. “Goldman is a player, not a referee, and it cannot change the rules,” I wrote. “Do you have any evidence to support...
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Daily Intelligencer - New York Magazine (Free subscription) | yesterday
Last week, as you know, Goldman Sachs CEO Lloyd Blankfein apologized for "participating in things that were clearly wrong" that they "have reason to regret." As we predicted, no one found this mea culpa particularly satisfactory. The Times , in particular, after thinking through it for a few days, ripped the firm a new one this weekend. The apology, they said in an editorial,...
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Financial Times (Free subscription) | 5 hours ago
Despite all the criticism, the bank's judgment should be applauded. Thankfully, its executives actually lose sleep over the possibility of losing their shareholders' and creditors' money, writes William Cohan
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PR News Wire (Free subscription) | yesterday
CHICAGO, Nov. 23 /PRNewswire/ -- Seven Summits Strategic Investments releases its Stocks To Watch Guide.
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Andymatic (Free subscription) | yesterday
Time to prep the guillotine: Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007. The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman Sachs said [...]
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The Business Insider (Free subscription) | yesterday
(This is a guest post from Janet Tavakoli of Tavakoli Structured Finance ) GS4-2 Join the conversation about this story » See Also: 300 Goldman Sachs Employees Will Volunteer As Trash Haulers (GS) Come On, Is There Really A Devry Grad At Goldman Sachs? (DV, GS) Goldman Tells Employees Not To Have Christmas Parties In Their Homes
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Reuters UK (Free subscription) | 23/11/2009
NEW YORK (Reuters) - A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
