Goldman Sachs Group, Inc.

Citi settles Fannie and Freddie claims over mortgage bond losses

2013-05-29 08:49:00

Citigroup Inc. has become the second financial giant to settle a regulator's lawsuits over questionable mortgage bonds sold to taxpayer-owned Fannie Mae and Freddie Mac during the housing bubble. The agreement, disclosed Tuesday, is the second reached...

Pork firm Smithfield sold to China's Shuanghui for $7.1 billion

2013-05-29 08:52:00

Smithfield Foods Inc., the world’s leading pork producer, is being sold to Shuanghui International Holdings, owner of China’s largest meat processing business, for $7.1 billion. Smithfield shareholders, who along with antitrust regulators...

Retail roundup: J.C. Penney loan, Abercrombie apology, Mattel layoffs

2013-05-23 08:57:00

The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it...

Bloomberg in damage-control mode over client snooping

2013-05-14 00:00:00

Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...

Bloomberg CEO admits 'mistake' in snooping scandal

2013-05-13 09:34:00

Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...

J.C. Penney woes may persist as Best Buy rebounds

2013-05-10 17:47:00

For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

Fed: Some borrowers shortchanged in foreclosure settlement

2013-05-09 07:51:00

Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...

J.C. Penney ad: 'What matters with mistakes is what we learn'

2013-05-01 12:31:00

J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson. The 30-second video went live on YouTube, Facebook...

Goldman Sachs, Morgan Stanley to send foreclosure settlement checks

2013-04-29 11:51:00

WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said. The two Wall Street...

Brown wants China aboard California's high-speed rail project

2013-04-11 21:01:00

SHANGHAI — Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train. The governor has staked part of his legacy on the rail network,...

Milken conference panel: Immigration reform would boost economy

2013-04-29 17:50:00

Providing legal status to the country's estimated 11 million illegal immigrants would boost the U.S. economy and eradicate underground economies in cities such as Los Angeles, a panel of researchers, elected officials and a business tycoon said Monday.�...

J.C. Penney secures $1.75-billion loan

2013-04-29 07:51:00

J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances. The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line....

BlackBerry shares tumbled after a downgrade by Goldman Sachs.

2013-03-25 11:49:34

In 2002, Muneer Satter paid $9.5 million for this 22-room mansion in Winnetka. Now the retired Goldman Sachs senior partner paid $4.1 million through a bank trust for property next door.

2013-03-14 07:48:00

Apple CEO Tim Cook spoke Tuesday at a Goldman Sachs technology conference.

2013-02-12 07:11:51