Goldman Sachs News
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16 min ago | Bloomberg
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 .
4 hrs ago | The Standard
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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."
Goldman Sachs revised its estimate of second-quarter GDP growth to 4.7% on Thursday, based on new data from the Census Bureau's Quarterly Services Survey . Stronger-than-expected healthcare spending growth led to the revised Goldman estimate of 4.7%, which was up 0.5% from the Bureau of Economic Analysis' second advance estimate of 4.2% .
Updated: Sun Sep 14, 2014 07:04 pm
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