Goldman Sachs Group News

The International Energy Agency, the energy adviser to 27 nations, cut its forecast for global oil demand in 2008 for a fourth month as record prices crimp consumption in the world's most developed economies. via Peak Oil

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American International Group posted a $7.8 billion loss for the first quarter, largely blamed on write downs from instruments tied to the subprime mortgage market. via Financial Planning

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The granddaddy of monthly economic reports is the federal reading on the employment situation. via Fox News

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“Under the terms of the ground lease, we made a lump-sum ground rent payment in June 2007 of $161 million, which was paid into escrow, to be released to the Battery Park City Authority pending performance of specified state and city obligations”

Photos by Zuma and AP Goldman Sachs CEO Lloyd Blankfein got sweet deal from Mayor Bloomberg and George Pataki. via NY Daily News

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“But obviously the market is still showing strength so it has a lot of bounce in it.”

Oil prices briefly spiked to a new record above $126 a barrel Monday but later wobbled with some investors buying on worries of falling supply and others selling in response to a stronger dollar.

Retail gas prices, meanwhile, rose to another record above $3.70 a gallon, again following crude's recent path higher.

Oil futures have set new records for six straight sessions, driven up by a weak U.S. dollar and growing concerns about declining crude production in Mexico, Russia and elsewhere, analysts say. Goldman Sachs said in a report last week that crude prices could rise to $150 to $200 within two years. Read more

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“AIG's Sell-Off: a Huge Opportunity.”

Dow component American International Group is continuing its slide down the charts today following a Goldman Sachs downgrade from "buy" to "neutral." Goldman noted that "market concerns over continued balance ... via SchaeffersResearch.com Daily Market Blog

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“Brilliance comes in many forms, whether it is founding a startup that kicks sand in Microsoft's face or creating an affordable car for the developing world. A small number of innovators influence the rest of the influencers in business”

New York, May 12: After being chosen as one of the most influential people in the world by Time magazine, Ratan Tata of Indian conglomerate Tata Group has been named among the biggest brains in business by ... via Sahara Samay National

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Unfazed by volatility in real estate prices and the rising inflation, Indiabulls Real Estate Ltd has decided to go ahead with a $300 million IPO in Singapore. via VC Circle

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It is hard to keep up with the price of oil. No sooner have we got used to $100 a barrel than it is in the $120s. Will the price rise to $150, $200 or even $300 a barrel? How far can it rise without doing ... via David Smith's EconomicsUK.com

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“And that sort of withdrawal into isolation spells danger.”

Depression and other mental troubles are on the rise among Latin American women immigrants to the United States, as they battle economic woes and try to bridge the cultural gap, experts say. via Raw Story

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