…Facebook plans to file the prospectus for its initial public offering on Wednesday, according to people briefed on the matter, finally kicking off one of the most anticipated stock sales of the social networking era.
The Internet giant plans to
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Post Market Report
Market Action
US: Dow: 12632.91 (-0.16%), S&P 500: 1312.41 (-0.05%), NASDAQ: 2813.84 (0.07%)
Europe: CAC: 3298.55 (1.00%), DAX: 6458.91 (0.22%), FTSE: 5681.61 (0.19%).
Asia:China: 2292.61 (0.00%),Hong Kong: 20390.49 (1.13%),India: 5199.25 (2.20%), Japan: 8802.51 (0.11%)
Metals…
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President Obama, in his State of the Union address, pushed forward the idea of creating a new unit to investigate the financial excesses that led to the housing crisis, so that those accountable could be brought to law. The Residential
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Wall Street Journal on Friday reported… that Facebook, the largest social network might file papers for IPO (Initial Public Offering) next week, and it further stated that Morgan Stanley has been chosen as the lead underwriter for Facebook’s IPO.
The
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From Whitney Tilson:…
Goldman and Citi (both major holdings of ours) reported earnings last week and the contrast between the two couldn’t have been more stark. Goldman, as usual, was ahead of its peers in recognizing the slowdown across most
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Ezra Klein, an online columnist for the Washington Post, has been a sympathetic chronicler of President Barack Obama’s efforts to combat the Great Recession and its messy aftermath. So, of course, in his 4,500-word New York Review of Books…
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…The Federal Reserve’s two-day meeting next week will mark the first at which members of the policy-setting Federal Open Market Committee offer their individual forecasts for the future path of the benchmark interest rate the central bank controls.
Two blank
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Goldman Sachs… was once legendary for its trading prowess.
The traders were so admired and envied on Wall Street that people were convinced they had some kind of edge over their counterparts at other firms.
The theories varied, depending on
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…U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level since July, as confidence among homebuilders topped economists’ forecasts, Goldman Sachs (GS) Group Inc. rallied and concern about Europe eased.
Goldman Sachs climbed 7.6 percent as
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…Shares of Goldman Sachs were comfortably higher Wednesday morning, even after the bank recorded fourth-quarter earnings that dove more than 50% from a year ago.
Goldman earned just over $1 billion in the October-December period, or $1.84 per share, on
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…Rising cybersecurity threats are pushing big banks to do something that doesn’t come naturally for these secrecy-steeped institutions: share information with one another.
This month, security officials from Wall Street financial firms, including Morgan Stanley and Goldman Sachs Group Inc.,
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As the industry’s returns have been disappointing, big money investors need …somewhere to park their big money — and handing development capital to emerging hedge funds has become a strategy of choice.
On Monday, Deutsche Bank announced a partnership with
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…Goldman Sachs analyst Bill Shope is upping his estimates for Apple’s holiday quarter.
He thinks it sells 31 million iPhones versus his previous estimate of 30.2 million.
He thinks revenue comes in at $38.18 billion versus a previous estimate of
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…
The complex mortgage instruments at the center of the 2008 financial crisis went so spectacularly wrong that many observers have said they were designed to fail. A new paper by Oliver Faltin-Traeger of the investment firm Blackrock and Christopher Mayer
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…A dismal year means Wall Street is about to take a big hit to its wallet.
As banks prepare to report fourth-quarter results and make final bonus decisions for 2011, total compensation is likely to be the lowest since 2008,
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