Bookmark

Add to MyYahoo RSS

Goldman Sachs News

News on Goldman Sachs (Ticker: GS) continually updated from thousands of sources around the net.

1 min ago | RedOrbit

Internet-Based "A La Carte" TV Service Coming...

Verizon has announced plans to unveil a new Internet-based television service that will allow users to subscribe to and pay for only the channels they want to watch, various media outlets are reporting. Speaking at the Goldman Sachs investor conference on Thursday, Chief Executive Lowell McAdam said the new service is expected to premiere sometime next year and would eliminate the need for customers to pay for channels they never watch, the UPI news agency reported over the weekend.

Comment?

Related Topix: Verizon Communications, Telecom, Verizon, IT Services, Financial Services, Investment Services, Cohen Group, Consulting, Marketing

Sun Sep 14, 2014

The Washington Post

Speculators Cut Gas Bets to 9-Month Low on Supply Growth: Energy

Hedge funds reduced bullish wagers on natural gas to the lowest level in more than nine months as U.S. shale production surges to an all-time high. Speculators lowered their net-long position across four benchmark contracts by 12 percent in the week ended Sept.

Comment?

Related Topix: Financial Services, Investment Services, Stamford, CT, Science / Technology

Bloomberg

Carney Steering BOE in Scots Vote as Quebec Casts Shadow

Having watched Quebec 's attempt to break away from his native Canada in 1995 while working at Goldman Sachs Group Inc. in London, the Bank of England governor now finds himself in the thick of a splinter campaign. Drawn into the fray of Scotland 's referendum, he's facing his biggest test yet: the possible dissolution of the United Kingdom .

Comment?

Related Topix: Europe, World News, United Kingdom, North America, Canada, Financial Services, Investment Services

The Standard

Sinopec offloads 107b yuan stake

China Petroleum & Chemical Corp. , Asia's top refiner, agreed to sell a 107 billion yuan stake in its retail business to a group of investors that includes China Life Insurance. Sinopec, as the company is known, said the unit will sell a combined 29.99 percent stake to 25 investors, including Fosun International , run by billionaire Guo Guangchang.

Comment?

Related Topix: Sinopec Shanghai Petrochemical Company, Oil & Gas, China Petroleum and Chemical, Energy, Financial Services, Investment Services

Marine News

Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge

CVR Energy Inc is bound by agreements to pay Goldman Sachs Group Inc and Deutsche Bank AG more than $36 million in fees and expenses stemming from billionaire investor Carl Icahn's 2012 tender offer for the oil refiner, a New York state judge has ruled. The banks had each sued CVR in 2012, claiming CVR had hired them to provide financial advice on Icahn's ultimately successful tender offer for its stock, and agreed to the fees based on the size of the transaction.

Comment?

Related Topix: Financial Services, Investment Services, Banking, Deutsche Bank AG, Sugar Land, TX, Wachtell Lipton Rosen and Katz, Law

Sat Sep 13, 2014

Reuters

Mideast Debt-Conventional banks' sukuk to push limits of Islamic finance

Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists. Since June, France's Societe Generale, Bank of Tokyo-Mitsubishi UFJ and Goldman Sachs have set up sukuk programmes, aiming to tap the pool of cash-rich Islamic investors.

Comment?

Related Topix: Financial Services, Investment Services

Bloomberg

HSBC Agrees to Pay $550 Million to Resolve U.S. Mortgage Claims

HSBC Holdings Plc will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities that saddled taxpayers with losses after the financial crisis. The U.S. unit of the London-based lender reached the deal to end Federal Housing Finance Agency claims that the firm sold faulty mortgage bonds to Fannie Mae and Freddie Mac, the bank said today in a statement.

Comment?

Related Topix: Home, Mortgage, Personal Finance, HSBC Holdings, Banking, Financial Services, Financial Markets, JP Morgan Chase , Investment Services

Switched

Verizon To Launch Internet TV Service That Lets You Pay For Only The Channels You Want

The Verizon Communications Inc. logo is seen at the International Consumer Electronics Show in Las Vegas, Nevada, U.S., on Thursday, Jan. 12, 2012. The 2012 CES trade show, which runs through Jan 13, features more than 2,700 global technology companies presenting consumer tech products and is expected to draw over 140,000 attendees.

Comment?

Related Topix: Verizon Communications, Telecom, IT Services, Verizon, Las Vegas, NV, Financial Services, Investment Services, Cohen Group, Consulting, Marketing

Hollywood Reporter

Weather Channel Majority Owners Considering a Sale

No deal is imminent but two large equity funds are reportedly talking to investment bankers about putting the channel and related assets up for bid The two large equity funds that own majority interest in The Weather Channel have been considering selling their stake for at least a year, an informed source tells The Hollywood Reporter . That gives credence to a Friday report by Bloomberg that Blackstone Group and Bain Capital have talked with JP Morgan Chase & Co.

Comment?

Related Topix: Blackstone Group, Advertising, Startups, Bain Capital, Banking, JP Morgan Chase , Financial Services, Investment Services, Cohen Group, Consulting, Cable & Satellite, Comcast

Insider Monkey

Hedge Fund News: Crispin Odey, Jonathan Savitz & Starboard Value LP

Hedge fund equity titans come unstuck in Europe Long/short European equities funds run by Odey Asset Management, Pelham Capital and GLG Partners - part of Man Group - all found themselves in negative territory this summer, while others are struggling to repeat the successes of last year. Odey Asset Management's $1.65 billion European fund - run by founder Crispin Odey - was down 12.9% by mid-August, having returned 25.8% in 2013 and 30.7% in 2012, according to figures seen by Financial News.

Comment?

Related Topix: Pelham, NY, eBay, Startups, Hunch, Facebook, Financial Services, Investment Services

Fri Sep 12, 2014

Reuters

BUYOUTS-CVC Credit Partners plans fund to buy stressed European loans

CVC Credit Partners, the credit arm of London-based CVC Capital Partners, has had preliminary discussions with at least one investor about launching a fund earmarked to buy stressed-but-performing loans on the books of European banks. The credit business, which has $11.8 billion in assets under management, in both the United States and Europe, intends to target some $750 million for the fund, according to an investor who reviewed a draft of the PPM.

Comment?

Related Topix: Financial Services, CVC Capital Partners, Investment Services

Business Journal

Mark Attanasio's fund sells $350M in assets

Milwaukee Brewers lead owner Mark Attanasio 's investment firm has arranged to sell $350 million in distressed-debt fund investments to Goldman Sachs Group , Bloomberg News reports. Goldman's asset-management business is the lead investor in the deal, which will give clients in Attanasio's Crescent Capital Group an opportunity to exit their investments, Bloomberg said.

Comment?

Related Topix: Financial Services, Investment Services, Media, Fox Filmed Entertainment

Barron's

WH Group: Pork Expensive In China, Goldman Sees 30% Upside

Goldman Sachs started its coverage of China's largest pork producer WH Group today with a Buy rating and 8.60 Hong Kong dollars. WH Group raised over $2 billion in an IPO in Hong Kong at the end of July.

Comment?

Related Topix: Financial Services, Investment Services

Hollywood Reporter

DirecTV to Launch Web-Based Video Service for Hispanics This Year

CEO Mike White also discusses the planned NFL Sunday ticket and A&T deals and how to serve cord cutters Mike White , the CEO of pay-TV giant DirecTV, said Friday that the firm would launch a previously discussed online video service targeting Hispanics and was "highly confident" to have a finalized NFL Sunday Ticket renewal deal by year-end. "We don't have anything to announce today," he told the Goldman Sachs Communacopia conference in New York in a session that was webcast.

Comment?

Related Topix: Directv, Cable & Satellite, Financial Services, Investment Services, Cohen Group, Consulting, Entertainment

Business News

Ex-Goldman gaming investments head joins Fortress as MD

Fortress Investment Group LLC has announced that Adam Rosenberg has joined its Credit Funds business as a Managing Director leading its Gaming & Leisure investment platform. Rosenberg will be responsible for investments made by Fortress's family of Credit-related funds across the capital structure in the Gaming & Leisure sector.

Comment?

Related Topix: Financial Services, Investment Services

Benzinga

Fast Money Picks For September 12 - Goldman Sachs Group Inc, Lululemon Athletica inc. And More

CNBC Fast Money's Tim Seymour suggested on the show that investors should buy iShares MSCI Emerging Markets Index on Friday and they should add to the position after the Fed next week. EEM dropped 0.67 percent Thursday andclosed at $44.26.

Comment?

Related Topix: Financial Services, Lulu, Investment Services

Thu Sep 11, 2014

Hollywood Reporter

Live Nation CEO: More Acquisitions Likely

Live Nation said Thursday its Ticketmaster unit has acquired Eventjoy for an undisclosed sum, and Live Nation CEO Michael Rapino touted the purchase at an investor's conference in New York, where he also said more acquisitions are likely. "On a global basis, there's obviously companies still out there that are in our space -- ticketing and concerts on a global basis.

Comment?

Related Topix: Ticketmaster, Financial Services, Investment Services, Cohen Group, Consulting, Time Warner, Media, Computers, AOL

San Jose Mercury News

Pandora strikes BMG deal for hits from Sinatra to Jay-Z

Pandora Media, the pioneering Internet radio service, reached a licensing agreement with rights management group BMG for hit songs of musicians and artists ranging from Beyonce to Frank Sinatra. Pandora and the music industry have been fighting over the cost of royalties and licensing for several years, and this deal "ensured a royalty structure that works better for both of us," Pandora Chief Financial Officer Mike Herring said at an investor conference hosted by Goldman Sachs in New York on Thursday.

Comment?

Related Topix: Pandora, Pop/Rock, BMG, Startups, Pandora Media, Financial Services, Investment Services, Cohen Group, Consulting, Business News

Engadget

Verizon eyes 2015 launch for internet TV service, chats a la carte options

If you've been champing at the bit to hear more about Verizon's upcoming television offerings, CEO Lowell McAdam has spilled a few more details. During remarks at the Goldman Sachs Communacopia conference in New York, the chief executive said that the launch of the wireless company's online TV service would arrive "probably late in the first half of 2015."

Comment?

Related Topix: Verizon Communications, Telecom, Verizon, IT Services, Financial Services, Investment Services, Cohen Group, Consulting, Gadgets

Hollywood Reporter

AMC Networks CEO Compares 'Walking Dead' to NFL

AMC Networks CEO Josh Sapan at an investor conference in New York on Thursday compared AMC hit show The Walking Dead to the NFL. Appearing at the Goldman Sachs Communacopia conference, he said: "It actually delivers audience like the NFL."

Comment?

Related Topix: Real Estate, American Mortgage Acceptance, Financial Services, Investment Services, Cohen Group, Consulting, Entertainment

•••
•••
•••
•••
•••

Ashburn Jobs

•••
•••
•••
•••