Stocks headed for a Lower Finish on Last Trading Day of the Month
Stocks have remained in red in late trading and are headed for a lower finish on the last trading day of what has been a good month for the U.S. equity market. Stocks are...
Tagged: BGS
Goldman Sued For $1.7 B
Goldman Sachs Group Inc. (NYSE:GS) is facing a lawsuit from an Australian hedge fund for $1.07 billion, alleging that the financial giant sold risky debt that led to the hedge fund becoming insolvent. The...
MF Global Exploring Strategic Options (MF)
MF Global Holdings Ltd. (NYSE: MF), a New York City-based broker in markets for commodities and listed derivatives, is said to exploring its strategic options. According to a report by the Wall Street Journal,...
Former Goldman Director Surrenders to FBI (GS)
Rajat Gupta, former director of Goldman Sachs Group Inc. (NYSE: GS), surrendered to the FBI today. Gupta has been accused of providing insider information to hedge fund manager Raj Rajaratnam of Galleon Group LLC....
Goldman Reports Loss of $428 Million
The global investment banking and securities company, Goldman Sachs Group Inc. (NYSE:GS) reported a loss of about $428 million for the second quarter, the first for the investment bank since it went public 12...
Fitch Cuts UBS Rating; Seven More Banks Under review
Rating agency Fitch, late on Thursday, cut UBS AG (NYSE: UBS) rating to A from A+. The rating agency also put seven other banks on negative credit watch. Fitch cited challenges in the global...
Stocks Mixed in Late Trading
Stocks have pared some of their early losses and are mixed currently. All three major indexes had slipped earlier today after China reported weak trade data and JP Morgan Chase (NYSE: JPM) reported disappointing...
Stocks Open Higher
Stocks have opened higher in trading today, following some positive developments in the euro zone. Investors’ sentiment was lifted today after European Commissioner Olli Rehn said that European leaders are close to reaching a...
SEC Accuses former Goldman Sachs Employee of Insider Trading (GS)
The U.S. Securities and Exchange Commission (SEC) has accused a former Goldman Sachs (NYSE: GS) employee and his father of insider trading. The SEC has alleged that Spencer D. Mindlin, who worked with Goldman...
KR, DUSA, GTEC, AMLN, HNZ, SHS are Stocks to Watch on Mar-3 Afternoon
These are the stocks that are making news this afternoon. The Kroger Co. (NYSE:KR) is currently up 2.31%. Their market cap is 14.65B . Kroger Company operates retail food and drug stores, multi-department stores,...