Goldman Sachs

McCourt management of Dodgers under grand jury investigation

A federal grand jury is investigating possible criminal financial misconduct of the Dodgers and related entities during the ownership of Frank and Jamie McCourt, a person familiar with the matter told The Times. Authorities have requested documents...

Tags: Bud Selig, Major League Baseball, Jamie McCourt, Frank McCourt, Dodger Stadium

We need a stronger Glass-Steagall Act to regulate financial firms

"Bring back Glass-Steagall!" That's the cry you hear most often for restoring regulatory stringency to our misbehaving financial sector. The 1933 law, which barred commercial banks from underwriting or investing in stocks — in effect, from owning...

Tags: Big 3 Auto Bailout (2008), Banking, Investment Service, Investments, Citigroup Incorporated

Facebook's stock debut shows not all investors are equal

NEW YORK —Facebook Inc.'s bungled stock-market debut made it clear that big money still rules Wall Street. But this time, the small money got a look at how Wall Street really works — and that could spell trouble for the financial industry....

Tags: Companies and Corporations, Banking, Investment Service, Morgan Stanley Dean Witter & Company, Social Media

Facebook, Morgan Stanley face class-action suit over IPO

WASHINGTON -- A class-action lawsuit was filed Wednesday against Facebook Inc., Morgan Stanley & Co., and the other Wall Street banks that underwrote the Facebook's initial public offering, alleging they misled most shareholders about revenue...

Tags: Financing and Stock Offerings, Media Industry, JPMorgan Chase & Co., Mark Zuckerberg, Morgan Stanley Dean Witter & Company

Insider-trading trial of former Goldman director gets underway

NEW YORK Shortly after Goldman Sachs Group Inc.'s board learned of famed investor Warren Buffett's $5-billion lifeline at the height of the financial crisis, then-director Rajat Gupta phoned hedge-fund manager Raj Rajaratnam. Rajaratnam, a federal...

Tags: Financial Markets, Justice System, Lawyers, Prosecution, Judges

Facebook IPO falls short of the hype

There wasn't much to like about Facebook's first day as a public company. The social media giant's stock rose by mere pennies in its initial public offering. The shares closed at $38.23, barely above the $38 IPO price. The performance fell far short...

Tags: Manufacturing and Engineering, Companies and Corporations, Zynga Inc., Corporate Officers, Advertising

Facebook prices its stock at $38 a share for IPO

Facebook Inc. priced its shares in its initial public stock offering at $38 late Thursday, setting the stage for its historic market debut Friday. The IPO values Facebook at $104 billion, the largest-ever for a newly public company. The $18.4 billion...

Tags: Financial Markets, Companies and Corporations, Social Media, Stock Activities, Stock Market

Facebook's epic fail

Maybe the dumb money wasn’t so dumb this time. The stock market did turn out to be a voting machine on Facebook on Friday (to quote Warren Buffett and Benjamin Graham), and the vote was thumbs-down on flapdoodle. Market pros will be debating the...

Tags: Financing and Stock Offerings, Media Industry, Morgan Stanley Dean Witter & Company, General Motors Corp., Social Media

Facebook IPO: Buy early or wait and see?

Facebook Inc. is certain to make a dramatic entrance to the stock market Friday with its hotly awaited initial public offering. What's less certain is whether you should buy the stock. Enthusiasts have salivated for months over the prospect of buying...

Tags: Companies and Corporations, Groupon, Inc., Zynga Inc., Tampa, Social Media

Harry Potter's world coming to Universal Studios Japan

Having cast a spell in Orlando and planted his flag in Los Angeles, Harry Potter is now taking his theme park magic across the Pacific. Universal Studios Japan on Thursday will unveil plans to build the first international version of the Wizarding...

Tags: Recreational and Sporting Goods Industry, Gaming, Harry Potter (fictional character), James Cameron, Jaws (movie)

Harry Potter heads to Universal Studios Japan

JPMorgan's $2-billion loss a gift to Volcker rule proponents

NEW YORK – JPMorgan Chase & Co.’s stunning $2-billion loss serves as a “wonderful poster boy for the Volcker rule,” a leading securities law expert said. “Banks that are too big to fail can’t be allowed to lose their...

Tags: Federal Reserve, JPMorgan Chase & Co., Jamie Dimon, Finance, MF Global