Goldman Sachs News

Nine Wall Street firms have been actively involved in creating an alternative to one of Bloomberg LP's most widely used programs, its chat messaging network, people briefed on the effort said.

Financial stocks were up in early trades on Monday, continuing their winning streak ahead of Fed Chief Ben Bernanke's testimony to Congress on Wednesday.

SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.

John Thornton, the former Goldman Sachs president who specializes in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business interests, Europe's biggest bank said on Monday.

$44 price target. Growth poised to accelerated with margin expansion, Goldman said.

Deere & Co. was downgraded to sell from neutral by Goldman Sachs, and its price target was cut to $85 from $98 per share in a noted dated May 17.

Goldman Sachs Group Inc. is selling its entire stake in Industrial & Commercial Bank of China Ltd.

The most-indebted U.S. companies are rallying more than any time in almost four years compared with the rest of the stock market amid the broadest rally since at least 1995.

The Japanese yen rose Monday, getting a break from recent declines after a senior Japanese government official said the currency's "correction" had largely run its course.

Goldman Sachs plans to pour about Y300 billion into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.

The chief executive of Goldman Sachs , Lloyd Blankfein, is confident the euro will survive despite the debt crisis, he said in an interview with newspaper Welt am Sonntag.

Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc.

A program that could lead to 110 megawatts of new solar electrical generation across the nation was announced by Goldman Sachs and SolarCity .

But when Wall Street's two most powerful bankers do a public show like they did last week, it's done to send a message.

J.C. Penney continues to bleed cash like there is no tomorrow. The company's latest quarter didn't paint a pretty picture either.

Source: au.ibtimes.com --- Friday, May 17, 2013Shares of Tableau Software Inc rose as much as 58 percent in their trading debut as investors expect the rising interest in big data to power the data analysis software maker's growth.

A year ago, the Federal Reserve Board issued a policy statement on rental of REO owned by the banks they supervise and allowed the banks to rent REO properties without requiring them to demonstrate continuous efforts to market the properties.

Renting an apartment in New York often resembles an obstacle course. A new company is aiming to simplify the search by putting the process online.

$15 price target. Stock has moved ahead of the fundamentals, DA Davidson said. Aruba Networks was downgraded at Morgan Stanley to equal-weight. Company is facing increased competition from Cisco, Morgan Stanley said.

A number of Wall Street firms are hoping to cut back on at least some of the popular features offered by Bloomberg LP - moves that could crimp the data distributor's bottom line.