Archive for April, 2010

Goldman’s Role in Lloyds Bank Bond in the Spotlight

Friday, April 23rd, 2010

Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s vast refinancing deal late last year, the Financial Times has learned.

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Goldman’s Role in Lloyds Bank Bond in the Spotlight

Existing Home Sales Rise More Than Expected in March

Thursday, April 22nd, 2010

Existing home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling season.

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Existing Home Sales Rise More Than Expected in March

New Signs Emerge That Home Prices Are Starting to Stabilize

Wednesday, April 21st, 2010

Twenty percent of sellers slashed prices by an average 10% in April. That’s a lot less than the 27% who did so in April of 2009.

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New Signs Emerge That Home Prices Are Starting to Stabilize

Apple Shares Bound Higher as Results Blow Past Forecasts

Tuesday, April 20th, 2010

The Cupertrino, Calif., company turned in a quarter that trounced expectations as sales of iPods, iPhones and Macs each exceeded forecasts.

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Apple Shares Bound Higher as Results Blow Past Forecasts

Goldman Earnings May Divert Attention from Fraud Case

Monday, April 19th, 2010

Investors are shifting focus to Goldman Sachs’ potential for huge profits in its Tuesday morning report, which will likely overshadow the government’s civil fraud case against the Wall Street firm.

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Goldman Earnings May Divert Attention from Fraud Case

Goldman Execs Were Pessimistic About Housing

Monday, April 19th, 2010

The executives had sought to balance Goldman’s positive bets on the mortgage market, rather than take an overall negative view, a spokesman told the New York Times.

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Goldman Execs Were Pessimistic About Housing

We’re Very Close on Financial Regulation Overhaul: Geithner

Sunday, April 18th, 2010

Treasury Secretary Timothy Geithner said on Sunday he was confident there was enough political unity for the Senate to forge a strong financial regulatory bill despite some differences.

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We’re Very Close on Financial Regulation Overhaul: Geithner

For Goldman Sachs, a Winning Bet Carries a Big Price

Saturday, April 17th, 2010

Accusations that Goldman defrauded customers who bought investments tied to risky subprime mortgages have only just begun to reverberate through the financial world, reports the New York Times.

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For Goldman Sachs, a Winning Bet Carries a Big Price

Goldman Case Gives Many Another Reason to Lose Trust

Friday, April 16th, 2010

“This makes the investor sit back and say, ‘This is exactly why I’m not in the market.

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Goldman Case Gives Many Another Reason to Lose Trust

Volcanic Ash Turns North Europe into No-Fly Zone

Friday, April 16th, 2010

A huge ash cloud from an Icelandic volcano turned the skies of northern Europe into a no-fly zone on Thursday, stranding hundreds of thousands of passengers.

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Volcanic Ash Turns North Europe into No-Fly Zone