Topic: Goldman Sachs Group Inc.
Top galleries, list articles, quizzes
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Who are China's next leaders?
On Nov. 15, the new Standing Committee of the Political Bureau of the Chinese Communist Party – the group that rules China presented itself to the world. Here are the bios of the seven men who take the reins of China.
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National Spelling Bee: 10 winning business words
In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
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Thirty ideas from people under 30: The Entrepreneurs
They are explorers and activists, artists and educators, farmers and faith leaders – even mayors. And they have trenchant suggestions on how to improve the world.
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Six ways the rich really do get richer
“Class warfare:” Lately this old term has been taking on new life as political theater, a way to rebuke Wall Street protestors, and, predictably, fodder for Fox News. According to Google, in just the last month alone, 3,870 articles have been published containing these words. Another way to express the concept of rich vs. not-so-rich is the expression, “The rich get richer and the poor get poorer.” It’s been around for a long time: According to Wikipedia, William Henry Harrison went there in 1840: “I believe and I say it is true Democratic feeling, that all the measures of the government are directed to the purpose of making the rich richer and the poor poorer.” I’m not going to take a stand on either side of the “class warfare” debate by saying that the rich do or don’t take unfair advantage of the rest of society. This is America, where we all have the potential to become rich. But I will say this unequivocally: The rich do get richer, or at least have the potential to. Let’s count the ways:
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World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
All Content
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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.
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Retail sales just ho-hum this holiday season
Preliminary reports show holiday sales rose only 0.7 percent over November and December, which could be the economy's worst holiday performance since 2008.
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Did New York politicians ignore warnings to prepare for a superstorm?
Since 1978 the state of New York has been required to plan for a superstorm-like disaster. But detailed warnings went unheeded, and much of the planning and recovery from hurricane Sandy was done on the fly.
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Stocks edge lower after weak manufacturing report
A surprisingly weak manufacturing report sent stocks lower Monday. December is historically the best month for stocks.
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Medicare, social program cuts: Will Democrats go along?
Medicare, Obamacare, and other social programs are at the heart of a disconnect over the 'fiscal cliff' in Washington. Republicans appear willing for tax increases but only if Democrats accept big cuts in Medicare and other social programs.
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Who are China's next leaders?
On Nov. 15, the new Standing Committee of the Political Bureau of the Chinese Communist Party – the group that rules China presented itself to the world. Here are the bios of the seven men who take the reins of China.
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Chapter & Verse
'Why I Left Goldman Sachs': a viral op-ed expands into a memoirGoldman Sachs employee Greg Smith's 'Why I Left Goldman Sachs' drew strong response as an op-ed in The New York Times, but is garnering negative reviews as a memoir.
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Stock market edges up on stronger housing report
The stock market ended mostly higher Tuesday after a surprisingly strong housing report. Better results from Mattel, Goldman Sachs, and Johnson & Johnson also shot the stock market higher.
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High earnings, low inflation propel stocks upward
Low inflation and decent earnings reports sent stocks upward Tuesday. Stocks in nine out of 10 industry groups in the S&P 500 index rose.
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Steve Jobs biography: Best business book of the year?
One year after Steve Jobs' death, his biography by Walter Isaacson is now a finalist for the annual Financial Times and Goldman Sachs Business Book of the Year award. The book came with Steve Jobs' full cooperation.
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Ghana's best shot at going green: sewage power
With solar and wind power costly and inadequate, Ghanaians are turning to some very alternative sources of energy – like human waste.
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September manufacturing growth lifts stocks
Stocks got a boost from the latest manufacturing report, which showed growth in September. The manufacturing report came out half an hour after trading began, and sparked Monday's jump in stock prices.
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Energy Voices
Coal makes a comeback in EuropeWhile regulation limits coal power in the US, Hunt writes that the energy source is on the rise in Europe.
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In Gear
Production delays slash Tesla revenuesElectric-car manufacturer Tesla says sales will be roughly $45 million for the third quarter, far below analysts' estimates of $80 million. Tesla will raise more money by selling 4.3 million shares of stock.
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Chapter & Verse
Castro and Chavez working on a book?A pro-government Cuban blogger claims that former leader Fidel Castro is now collaborating on a book with Hugo Chavez.
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The New Economy
Greed is (not) good. Here's a better capitalism.Profit should not be the sole goal of business. Profit should be the byproduct of business excellence.
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Keep Calm
Good Reads: Volcanoes, guillotines, and the key to happinessA look at modern France, and a profile of revolutionary villain Maximilien Robespierre; the American recovery and the very happy people of Iceland. Here are this week's good reads.
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Facebook shares hit new low as lock-up period expires
It's been a rough run for Facebook. After one of the most-anticipated IPOs in history, Facebook suffered what may be the most-botched public offering as trading glitches marred its first day. It's been almost all downhill for the Menlo Park., Calif., company since then.
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Wells Fargo settlement for risky investments: $6.6 million
Wells Fargo settlement doesn't include admitting wrongdoing. Before the Wells Fargo settlement, the Securities and Exchange Commission had charged that its brokerage unit had improperly sold high-risk investments to cities and towns.
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Haunted by Europe, US market can't get ahead
While The Street was able to ignore Europe's struggles for the past few days, the struggles of Spain on Friday proved too much for the market to bear. As Spain's stock market plunged 6 percent, the Dow Jones dropped 120 points to close at 12,822.
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Morgan Stanley earnings fall sharply
Morgan Stanley misses Wall Street expectations as revenue for its investment banking unit falls 37 percent. Morgan Stanley stock drops.
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Stocks rise; Mattel, Coke among earnings winners
Strong performances from a handful of companies including Barbie maker Mattel, and Coca-Cola pushed the Dow Jones average up for only the third day this month. The closely-watched index closed up 78 points to land at 12,805.
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Happy Friday! JPMorgan launches stock market rally
Showing a vote of confidence in JPMorgan Chase Friday, relieved investors drove up bank stocks, ended a six-day losing streak for the market and sent the Dow Jones industrial average up 204 points, the best day this month, to close at 12,777.
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How to toss an anklebone and shoot an arrow like a Mongolian
Anklebone tossing and archery are two of the ancient steppe sports showcased this week in Mongolia's capital at a centuries-old celebration of Genghis Khan's empire.
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New details about Romney's wealth confirm F. Scott Fitzgerald's quip about the rich
News sources report that Mitt Romney's financial portfolio has included an offshore company in Bermuda that remained invisible to voters. But it may be images of the Romney clan vacationing at their $8 million summer compound on a lake in New Hampshire that have more impact.
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