Goldman Sachs News
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2 hrs ago | JD Supra
The Second Circuit recently issued a single opinion for two cases [ Goldman Sachs & Co. v. Golden Empire Sch.
4 hrs ago | Business Journal
When Alibaba first signaled earlier this year it was wanted to mount an initial public offering in the United States, it said it wanted to raise $1 billion. No one believed that was the real number, and today we've learned what the Chinese ecommerce giant really wants to do - raise $24 billion.
6 hrs ago | The Real Deal
A partnership composed of Accor Group, Goldman Sachs Group and GEM Realty Capital will sell the 398-room hotel at 45 West 44th Street to the Hong Kong-listed firm Keck Seng Investments, the Wall Street Journal reported. Goldman Sachs and GEM paid $255 million for a 75-percent stake in the Midtown hotel and another Sofitel property in Philadelphia in 2006, according to the newspaper.
7 hrs ago | Hispanic Business
This time around offered a Sukuk structured predominantly as Wakala and made sure it had on board key players in the GCC, including as arrangers, as well as itself. The Sukuk will be listed in Luxembourg.
7 hrs ago | The Daily Record
The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in the world's two largest economies. In China, manufacturing grew in June for the first time in six months and in the U.S., the sector notched its 13th straight month of expansion.
Chinese purchases of Hong Kong stocks through a planned exchange link may exceed estimates as individual investors buy casino and technology shares unavailable in Shanghai , according to Goldman Sachs Group Inc. The link will give wealthy mainland investors access to 266 stocks traded in Hong Kong, including Galaxy Entertainment Group Ltd. and Tencent Holdings Ltd. China currently limits most overseas share investments to those made through asset managers.
Goldman Sachs Investment Partners , set up to allow clients to invest with some of the bank's top proprietary traders, raised about $1 billion for its first Asia hedge fund, said two people with knowledge of the matter. The fund, named Oryza Capital LP, informed investors in June that it would stop taking additional money after capital committed had reached its capacity, said the people, who asked not to be identified because the information is private.
Turkey's central bank would have to reverse course to raise interest rates to address higher inflation and a dropping currency. Inflation of 10% is well ahead of the targeted range of 3% to 7% that Turkey's Central Bank is shooting for.
Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. are among 13 banks whose units were sued for $1.15 billion by the state of Virginia, over claims they misled its retirement system about the sale of residential mortgage-backed securities. The suit in state court in Richmond is the largest financial fraud case ever brought by the commonwealth, Virginia Attorney General Mark Herring said in a statement today.
Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs Group Inc. yesterday as the bank joined the governments of Hong Kong and the U.K. in selling debut Shariah-compliant bonds this year. The New York-based lender attracted bids for three times the $500 million of sukuk it sold yesterday, according to two people familiar with the deal, who asked not to be identified because the information is private.
Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia. The bank drew about $1.5 billion of orders for the five-year sukuk, reflecting heavy demand among cash-rich Islamic funds for new credits.
Winemaker Nicole Salengo , whom we met in yesterday's column, learned her art and science in Napa, New Zealand and Winters . But the Vermont native says it was her stint as a tour guide for Brewery Ommegang near Cooperstown in upstate New York that opened her eyes and palette to the chemistry and care of creating beverages.
Portugal's Novo Banco, the successor to Banco Espirito Santo after a state rescue, will likely attract bids from foreign banks, a partner at U.S. investment bank Goldman Sachs said on Tuesday. The Portuguese government is seeking to sell Novo Banco swiftly to recover 4.9 billion euros , mostly public funds, poured into the lender last month.
An investor group led by an affiliate of Goldman Sachs & Co. is funding the national expansion of Privia Health, LLC , a Virginia-based physician practice management and population health technology company serving independent physicians and large physician groups in partnership with managed care organizations and self-insured health plans.
Arlington-based Privia Health LLC is getting a $400 million infusion to expand nationally, the company announced Tuesday morning.
Before the trials can begin in Denmark, researchers must first experiment by inserting embryonic stem cells into the brains of sclerosis patients After decades of waiting, researchers from the University of Copenhagen and the city hospital Rigshospitalet look all set to carry out the first ever stem-cell tests on humans. The joint research group involves some of the world's leading stem cell researchers, including the internationally-renowned American brain and stem cell researcher professor Steve A Goldman, who will be leading the efforts, most probably experimenting on people suffering from sclerosis.
Raleigh, N.C.-based First Citizens BancShares Inc. was the only company that managed to break into the top 50 list of the largest U.S. banks and thrifts in the second quarter, following the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc. The "big four" U.S. banks maintained positions, led by JPMorgan Chase & Co.
Updated: Wed Sep 17, 2014 11:18 am
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