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Latest Lloyd Blankfein Stories

2009-09-23 14:58:00

Session moderated by Diane Sawyer on Investing in Girls and Women Featured Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group; Zainab Salbi, founder and CEO of Women for Women International; Rex Tillerson, Chairman and CEO of Exxon Mobil; Melanne Verveer, ambassador-at-large for global women's issues at the U.S. Department of State; and Robert B. Zoellick, President of The World Bank Group NEW YORK, Sept. 23 /PRNewswire-USNewswire/ -- Millions of girls and women will have...

2009-07-14 17:26:08

Goldman Sachs posted monster second-quarter profits of $3.44 billion, or $4.93 a share, the U.S. financial giant said Tuesday. The profits mark a stark turnaround for the firm that received a federal bailout funds rescue, and comes one month after it repaid the $10 million in aid it received, The New York Times reported. Goldman's profit was lifted by record quarterly revenues of $6.8 billion in fixed its income, currency and commodities unit, the bank said in a statement, adding that its...

2009-04-14 05:59:48

New York financial giant Goldman Sachs said its fortunes had turned and it was ready to take the bold step of wriggling out from under the government's thumb. In the first major surprise of the corporate reporting season, Goldman said its quarter-to-quarter turnaround was strong enough to contemplate paying back the government the $10 billion it has received in from the Troubled Asset Relief Program, plus warrants that must be valued by an independent firm, The New York Times reported...

2009-04-13 22:57:44

Goldman Sachs Group Monday reported $1.66 billion profit in the first quarter of 2009 and may be ready to return bailout funds to taxpayers, analysts said. The company issued its report Monday, one day before it was scheduled to be released, and said its profit was driven by record revenues of $6.56 billion in the unit in which mortgage and other credit instruments are traded, The New York Times reported. Overall, its revenues were up 13 percent -- $9.43 billion -- from the first quarter of...

2009-02-16 07:22:10

A provision on bonus pay in the $787 billion stimulus package will weaken some firms, a Washington financial firm lobbyist said. The amendment to the bill written by Sen. Chris Dodd, D-Conn., would allow the government to negotiate for reimbursements if those payments were contrary to the public interest, USA Today reported Monday. In effect, the provision would allow the government to negotiate with executives for the return of bonus money already paid. It also caps bonuses for the top...

2008-09-24 12:00:15

Warren Buffett, one of the world's richest men, made a long-awaited investment in a U.S. financial firm Tuesday, boosting investor confidence, analysts said. Buffett plunked down $5 billion for premier shares of Goldman Sachs, the prestigious firm and former investment bank that recently filed to change its status to a holding company, The Washington Post reported. Throughout a year of financial distress on Wall Street, investors, many of whom follow Buffett's lead, have been waiting to...

2008-09-24 12:00:09

Warren Buffett, riding to the rescue at Goldman Sachs (GS) with a $5 billion cash infusion announced Sept. 23, has long used the services of the giant investment bank, though sometimes grudgingly so. When the Oracle of Omaha cut a deal with the Pritzker family last year to buy a $7 billion-a-year crazy-quilt of businesses called Marmon Holdings, Buffett proudly said that he and the wealthy Chicago family arrived at a price without the help of advisers, a style that let them avoid...

2008-07-11 09:00:48

By Eric Dash From his perch inside the U.S. Treasury Department, Robert Steel has wrestled with the troubles plaguing America's financial industry. Now he will confront those problems up close at Wachovia, one of the largest U.S. banks. On Wednesday, Wachovia ended its six-week search for a new leader when it named Steel, the under secretary of the Treasury for domestic finance, as its chief executive. The bank, based in Charlotte, North Carolina, simultaneously warned of new losses...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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