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RBS Shareholders Take 95.1% of Stock in Rights Offer
In the biggest European share sale and the first one in the UK sinc ethe economic turmoil began, RBS has seen shareholders buy 95 percent of stock, giving it an additional 11.6 billion pounds."Royal Bank of Scotland Group Plc saidshareholders bought 95.1 percent, or 11.6...Report: GE getting out of appliance business
"General Electric Co. plans to auction off its appliances business, The Wall Street Journal reported Wednesday.GE has hired Goldman Sachs Group Inc. to run an auction for the appliance division, according to the newspaper, which quoted unidentified sources. The sale could...Goldman: Wall Street Faces $460 Billion in Debt Writedowns
Is a trillion the new size 6? This gets us half the way there:"Goldman Sachs forecasts global credit losses stemming from the current market turmoil will reach $1.2 trillion, with Wall Street accounting for nearly 40 percent of the losses.U.S. leveraged institutions,...
Is Citigroup Solvent?
There are some very disturbing questions bouncing around today about whether Citigroup could go belly up."Citigroup, which has incurred $22.1 billion in losses from the subprime crisis, has $320 billion in... Goldman Sachs--a Higher Intelligence?
"What's odd about the subprime crash is Goldman Sachs Group Inc. A single firm took a position contrary to the rest of Wall Street. Giant Wall Street firms are designed for many things, but not, typically, to express highly idiosyncratic views in the market...By the end of...Getty Images May Sell For More Than $1.5 billion, Report
This will be a substantial acquisition for whomever ends up acquiring Getty Images, at a projected price tag of more than $1.5 billion."Getty Images Inc, the world's biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block...Israeli journalists under investigation
"Three Israeli journalists who traveled to Lebanon and Syria are under investigation by the Israeli police for travel to "enemy" countries. One of them, Lisa Goldman, has been part of the informal We Media community for some time. She participated in the 2006 We Media Global... Who can afford $1-million houses?
OpinionBarry Artiste, Now Public ContributorThe only ones who can truly afford Million dollar homes are well, Millionaires. Unfortunately for the most of us who purchase what is considered a 1,400 square... Goldman Sachs Bonuses = $18 billion; Health Care for 12 million children = $...
Is this capitalism run amuck or appropriate reward for commensurate risk? Call me Canadian (I'm a dual US-Cdn citizen by the way), but the massive disparity of wealth in the USA is somewhat off putting. 12 million...Visa Inc. files registration statement with SEC for proposed IPO
"J.P. Morgan Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC Securities (USA) Inc., Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. A copy of the...Visa Inc. Files Registration Statement with SEC for Proposed Initial Public O...
"J.P. Morgan Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC Securities (USA) Inc., Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. A copy of the...The Bank of New York Mellon chosen as Japanese tri-party agent
""We expect rapid growth in the tri-party collateral management arena in Japan, as broker-dealers and investors increasingly recognize the economic and risk management benefits of the tri-party structure. "As our business grows, we will continue to expand our team of local...O.J Simpson To Give Up Memorabilia And Rolex Watch
"O.J. Simpson has been ordered to give up a Rolex watch valued at up to $US22,000 ($25,000) and sports memorabilia as partial settlement of a multimillion-dollar judgment for the wrongful deaths of his former wife, Nicole Brown, and her friend, Ron Goldman. Los Angeles...Anger as Northern Rock plans dividend
"Goldman Sachs was brought in after the Treasury guaranteed Northern Rock's debts alongside savers' deposits eight days ago. It will advise on implications for taxpayers of any rescue plan, while considering...Blue Kid Group
Everyone has heard of them, lots of people have seen them, few really get it. But that is going to change with a new generation of fanr. The infamous Blue Man Group, a group of fellows who put on bald caps and...
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