Topic: Goldman Sachs Group Inc.

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Meet the nine richest self-made women

Forbes has released its annual billionaires list, and nestled among the usual suspects were women who have made or helped make their own fortunes, in industries ranging from television to real estate to clothing. These are the nine richest self-made women on Forbes 2013 Billionaires List.

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Morgan Stanley quarterly profit jumps on stock trading

Morgan Stanley reported seeing income rise in all of its businesses. Profit for Morgan Stanley in wealth management jumped 83 percent, while profit from trading and investment banking was six times higher than it was a year earlier.
Stocks fall on lackluster earnings

Stocks closed down on Wall Street Tuesday after a string of disappointing earning reports from major companies. Coca-Cola stocks fell after the company said it sold less soda in its home market of North America.
The New Economy What happens if the US and China tighten credit simultaneously?

The US and Chinese central banks have reasons for starting to reduce the credit they're pushing into the economy. The risk is that this double-whammy of tightening will be greater than the sum of its parts, weighing on economic growth worldwide.
Robert Reich How corporations pressure government into tax breaks and subsidies

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their US profits abroad as they can, Reich writes, while telling Washington that lower corporate taxes are necessary in order to keep the US 'competitive.'
Federal deficit falling fast: Is that a good thing ... or a bad thing?

New estimates show the US federal budget deficit falling faster than forecast. To some, that's a sign that fiscal policy is becoming too austere, valuing quick cuts over more-needed reforms.
Bloomberg L.P.: Letting reporters access client data was 'mistake'

Bloomberg L.P. says it has cut off its journalists' special access to its clients' financial services information, describing such access as a 'mistake' in its newsgathering policies. The Federal Reserve is now investigating whether Bloomberg journalists tracked data about top Fed officials.
J.C. Penney: $1.75B loan coming from Goldman Sachs

J.C. Penney: $1.75B loan helps lift J.C. Penney share prices on Monday. Goldman Sachs is behind the $1.75B loan, and George Soros bought a major stake in the retailer last week.
Pressure mounting on US to export natural gas

As US gas supplies grow, companies are eager to export natural gas. Should US let the market operate or continue preserving natural gas for domestic use only?
Netflix soars. Other stocks rise on recovery in oil prices.

Netflix gains 20 percent after adding 2 million subscribers during the first quarter. Dow, S&P edge up as oil prices rise after last week's tumble.
Worst lapse in years: Fed probes early release of minutes

More than 100 people received Federal Reserve policy minutes some 24 hours before their scheduled release. Federal Reserve and federal regulators are looking to see if any stocks or other securities were traded based on the information.
Stocks rise on strong auto sales, factory orders

Stocks rose Tuesday after reports on auto sales and factory orders provided the latest evidence that the US economy is strengthening. Health insurer stocks rose after the government released revised reimbursement rates for Medicare Advantage plans.
Paul Ryan's new Medicare plan could be tip of the iceberg (+video)

As Rep. Paul Ryan this week once again proposes reforms to Medicare, there are signs that others in Congress are acknowledging that Medicare deficits must be addressed.
Meet the nine richest self-made women

Forbes has released its annual billionaires list, and nestled among the usual suspects were women who have made or helped make their own fortunes, in industries ranging from television to real estate to clothing. These are the nine richest self-made women on Forbes 2013 Billionaires List.
Energy Voices Wholesale power: bankruptcies and lessons

The possible bankruptcy of Energy Future Holdings shows how tough it is to make profits in wholesale power – or finance new coal plants. The fracking revolution is reshaping the energy landscape.
Clint Eastwood and gay marriage: Political tipping point for conservatives?

Hollywood icon Clint Eastwood has joined a large group of Republicans arguing for same-sex marriage in the US Supreme Court. Prominent conservatives and many of the largest US corporations now favor gay marriage as well.
JPMorgan cuts 19,000 jobs, calls it a good sign

JPMorgan cuts 15,000 jobs from its troubled mortgage sector, citing healthier home mortgages. The other 4,000 job cuts come from consumer banking.
Change Agent Yale graduate takes low-paying job as a village official in China

Qin Yufei forgoes a high-paying career in New York or Beijing to lead a rural Chinese village, setting an example for corruption-free local government.
Stocks drift lower to start week

Stocks dropped on Wall Street Monday, and trading volume was light. With major stock indexes near record highs, many think that the stock market's six-week rally is ready for a pause.
Dell goes private in $24.4 billion buyout.

Dell is going private, bowing out of the stock market in a $24.4 billion deal. The buyout taking Dell private is the largest deal of its kind since the Great Depression.
US economic backsliding temporary? Maybe not if 'sequester' hits.

A dip in GDP during the fourth quarter of 2012 stemmed largely from a dive in federal defense spending. Some economists see a cautionary lesson for upcoming sequester talks in Congress.
For Chinese studying in US, graduating into an uncertain future

More Chinese students are enrolled at American colleges than ever before, but US degrees that aren't from Harvard aren't widely valued at home, meaning connections are still what matter most.
US economy turns south: Why many analysts see a blip, not a trend.

The US economy reversed more than three years of growth and fell 0.1 percent in the fourth quarter of 2012. The drop was driven, in part, by sharp declines in defense spending that some expect will be temporary.
The Reformed Broker Debunking the Warren Buffett debunkers

Warren Buffett's head-and-shoulders above all other investors stature has only been cemented during this last five years, Brown writes.
Stocks rise; S&P 500 just below 5-year high

Stocks rose on Wall Street Friday, but the Standard & Poor's 500 index fell just shy its five-year high. Boeing stock fell after the FAA announced a comprehensive review of Boeing's 787 after a fire and a fuel leak earlier this week.
Mattel and Hasbro 'terrified': Do kids want gadgets more than toys?

Mattel and Hasbro terrified that kids will want toys less next year, according to reports. Hot toys did well this Christmas, but retailers in general saw less growth than expected.