City Subpoenas Creator Of Text Messaging Code The creator of a mass text-messaging system used to aid protesters during the 2004 Republican National Convention is resisting releasing information on its users.... Read Full Article If The Shoe Fits, Wear It. If Not, Design One That Does. For those with very individual or exacting tastes ? and with money to spare ? some Internet retailers offer design-it-yourself options in footwear.... Read Full Article Armchair M.B.A.: How To Untangle The Power Grid, Digitally A smarter grid could mean new efficiency, and thus less need to build power plants.... Read Full Article Rate Rise Threat Grows As Inflation Surges To 10-year High The threat of another rise in interest rates in the new year escalated yesterday after inflation shot up to its highest level for a decade, in official figures that were much worse than expected....... Read Full Article Ripe For Life Liz Cincotta meets a woman whose love affairs with food and Italy fills the pages of several books.... Read Full Article |
Goldman NewsOil hits new $127 high as Bush courts Saudis$Oil rose hit a new record today, reaching above $127 a barrel, after Goldman Sachs, the US investment bank, raised its forecast on speculation that crisis-hit China$’s demand for diesel will strain supplies.Read Full Article Homeowners to suffer as global crunch hits UK hardestHomeowners in the UK will bear the brunt of a City slowdown as Britain takes the biggest hit of the global credit crisis, the chief economist at Goldman Sachs predicted today.Read Full Article Merrill Hires Ex-Goldman OfficialMerrill Lynch said on Monday that it had hired Thomas Montag, the former co-head of global securities trading at Goldman Sachs.Read Full Article Industry rivals in race for Royal Bank of Scotland InsuranceRoyal Bank of Scotland is considering selling a strategic stake in its insurance business and running the owner of Direct Line and Churchill as a partnership as it moves to raise capital to repair its tattered balance sheet. Bankers managing the sale of RBS Insurance are preparing to send out sales memorandums to prospective buyers, including private equity and trade buyers, over the next few weeks. A source close to the sales process said: “Some people would be interested in buying a large stake and having a partnership.” Analysts are speculating that the Edinburgh-based bank, which hoisted a “for sale” sign over the businesses this week, will be able to sell its insurance unit for about £6 billion. RBS confirmed that it was selling its insurance business as it pressed on with a deeply discounted £12 billion rights issue that has raised hackles among its big institutional shareholders. Going for a rights issue, after pledging for months that it had no need to raise capital, has put the jobs of Sir Fred Goodwin, chief executive, and Sir Tom McKillop, chairman, on the line. The bank is aiming to free £4 billion in capital gains from the process, which is running alongside its record breaking rights issue. Merrill Lynch is managing the sale, helped by Goldman Sachs. Banking sources said that there was huge interest in RBS Insurance, which also includes the Privilege car and home insurance operations. RBS Insurance underwrites a third of UK retail motor premiums, according to analysts at Keefe, Bruyette & Woods (KBW), who said that a new owner would be in a position to redefine the market for insuring cars in Britain. Personal motor insurance accounts for more than half of the business’s gross written premiums, KBW said. Direct Line was founded in 1985 and RBS bought Churchill in 2003 for £1.1 billion. As well as selling through the well-known brands, RBS Insurance underwrites policies sold by Tesco, Nationwide and several car retailers. KBW suggested that potential bidders were AIG, the American insurance giant, Allianz, of Germany, and AXA, of France. Warren Buffett’s Berkshire Hathaway reinsurance group, Generali, of Italy, and the Swiss Zurich Financial Services were also named. Aviva, Britain’s largest general insurer, yesterday ruled itself out as a bidder. Banking sources said that RBS would prefer to sell the business as a whole but would consider the sale of individual business lines, as well as a strategic stake. Sources close to the bank said that it would sell only if it received a sufficiently high offer but it hoped to complete a sale by the end of the year. Apax and Kohlberg Kravis Roberts are said to be considering a consortium bid, with Lehman Brothers, the investment bank, in line as an adviser. RBS shares closed the week almost 2.5 per cent higher, up 8¼p at 349p. RBS will offer 11 new shares for every 18 existing shares, priced at 200p.Read Full Article Business Briefing | Finance: Top Mortgage Executive Is Leaving Goldman SachsDaniel L. Sparks, head of Goldman Sachs’s mortgage division, is leaving after a successful bet on the declining value of subprime home loans helped the company produce record earnings last year.Read Full Article External News for: goldmanSorry just doesn't cut it, Goldman-Sachs - Examiner.comguardian.co.ukSorry just doesn't cut it, Goldman-SachsExaminer.comThose at the center who may have, in part, caused the crisis tend to benefit the most as we are seeing with the bonuses at Goldman-Sachs. ...Goldman Names Managing DirectorsWall Street JournalDemonizing Goldman Leaves Wall Street Off the HookHuffington Post (blog)Shareholders demand Goldman bonusesguardian.co.ukWall Street Journal (blog) -The Business Insider -TheStreet.comall 277 news articles »Sorry just doesn't cut it, Goldman-Sachs - Examiner.comguardian.co.ukSorry just doesn't cut it, Goldman-SachsExaminer.comThose at the center who may have, in part, caused the crisis tend to benefit the most as we are seeing with the bonuses at Goldman-Sachs. ...Goldman Names Managing DirectorsWall Street JournalDemonizing Goldman Leaves Wall Street Off the HookHuffington Post (blog)Shareholders demand Goldman bonusesguardian.co.ukWall Street Journal (blog) -The Business Insider -TheStreet.comall 277 news articles »Goldman Cleans Up - TonicCentre Daily TimesGoldman Cleans UpTonicInvestment bank Goldman Sachs is known for raking in the profits. ...Goldman Sachs to take out garbage at ThanksgivingThe Associated PressGoldman Sachs Is Into Sharing, To A PointNPRGoldman Sachs employees to collect garbage at ritzy Thanksgiving meals for ...Gaea TimesDaily Press -WINKNEWS.com -Kingsport Times Newsall 202 news articles »Sorry just doesn't cut it, Goldman-Sachs - Examiner.comguardian.co.ukSorry just doesn't cut it, Goldman-SachsExaminer.comThose at the center who may have, in part, caused the crisis tend to benefit the most as we are seeing with the bonuses at Goldman-Sachs. ...Goldman Names Managing DirectorsWall Street JournalDemonizing Goldman Leaves Wall Street Off the HookHuffington Post (blog)Shareholders demand Goldman bonusesguardian.co.ukWall Street Journal (blog) -The Business Insider -TheStreet.comall 277 news articles »Goldman Cleans Up - TonicCentre Daily TimesGoldman Cleans UpTonicInvestment bank Goldman Sachs is known for raking in the profits. ...Goldman Sachs to take out garbage at ThanksgivingThe Associated PressGoldman Sachs Is Into Sharing, To A PointNPRGoldman Sachs employees to collect garbage at ritzy Thanksgiving meals for ...Gaea TimesDaily Press -WINKNEWS.com -Kingsport Times Newsall 202 news articles »China Swap to 'Tighten' on Growth, Goldman Sachs Says - BloombergChina Swap to 'Tighten' on Growth, Goldman Sachs SaysBloombergThe cost of protecting China's debt against default for five years may drop 20 basis points, or 0.20 percentage point, to about 60 basis points, Goldman ...and more » |
i8news.com |
