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A collection of news and information related to Goldman Sachs Group, Inc. published by this site and its partners.

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    May 29, 2013 |Story| Los Angeles Times
  1. Citi settles Fannie and Freddie claims over mortgage bond losses

    Citigroup Inc.<span class="runtimeTopic"> has become the second financial giant to settle a </span>regulator's lawsuits over questionable mortgage bonds sold to taxpayer-owned Fannie Mae and Freddie Mac during the housing bubble.
    Citigroup Inc. has become the second financial giant to settle a regulator's lawsuits over questionable mortgage bonds sold to taxpayer-owned Fannie Mae and Freddie Mac during the housing bubble. The agreement, disclosed Tuesday, is the second reached...

    Tags: Citigroup Incorporated, Finance, Bank of America Corp., JPMorgan Chase & Co., Economy, Business and Finance

  2. May 29, 2013 |Story| Los Angeles Times
  3. Pork firm Smithfield sold to China's Shuanghui for $7.1 billion

    Smithfield Foods Inc., the world&rsquo;s leading pork producer, is being sold to Shuanghui International Holdings, owner of China&rsquo;s largest meat processing business, for $7.1 billion.
    Smithfield Foods Inc., the world’s leading pork producer, is being sold to Shuanghui International Holdings, owner of China’s largest meat processing business, for $7.1 billion. Smithfield shareholders, who along with antitrust regulators...

    Tags: Standards, Smithfield, Smithfield Foods, China, Science and Technology

  4. May 23, 2013 |Story| Los Angeles Times
  5. Retail roundup: J.C. Penney loan, Abercrombie apology, Mattel layoffs

    The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie &amp; Fitch.
    The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it...

    Tags: Target, Economy, Business and Finance, Fisher-Price, Justice System, Judges

  6. May 9, 2013 |Story| Los Angeles Times
  7. Fed: Some borrowers shortchanged in foreclosure settlement

    Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...

    Tags: Federal Reserve, Bank of America Corp., Mortgages, JPMorgan Chase & Co., Financial and Business Services

  8. May 14, 2013 |Story| Los Angeles Times
  9. Bloomberg in damage-control mode over client snooping

    Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous on Wall Street.
    Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...

    Tags: Thomson Corporation, Federal Reserve, Finance, U.S. Securities and Exchange Commission, Economy, Business and Finance

  10. May 13, 2013 |Story| Los Angeles Times
  11. Bloomberg CEO admits 'mistake' in snooping scandal

    Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake."
    Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...

    Tags: Federal Reserve, News Media, Bloomberg L.P.

  12. May 10, 2013 |Story| Los Angeles Times
  13. J.C. Penney woes may persist as Best Buy rebounds

    For a while, J.C. Penney and Best Buy seemed to be doppelgangers.
    For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

    Tags: Coca-Cola Co., Citigroup Incorporated, Kohl's, Economy, Business and Finance, Earnings

  14. May 4, 2013 |Story| Los Angeles Times
  15. The Goldman Sachs banker turned Nature Conservancy chief

    Mark Tercek had some horribly awkward moments after he left Goldman Sachs to run a U.S. environmental charity, the Nature Conservancy.
    Mark Tercek had some horribly awkward moments after he left Goldman Sachs to run a U.S. environmental charity, the Nature Conservancy. At one of his first big staff meetings, he committed a total eco no-no by drinking from a plastic water bottle. When...

    Tags: Coca-Cola Co., World Wildlife Fund, Coca-Cola, Conservation, Environmental Issues

  16. Apr 11, 2013 |Story| Los Angeles Times
  17. Brown wants China aboard California's high-speed rail project

    SHANGHAI &mdash; Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train.
    SHANGHAI — Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train. The governor has staked part of his legacy on the rail network,...

    Tags: Railway Transportation, Finance, Regional Authority, Jerry Brown, Economy, Business and Finance

  18. May 1, 2013 |Story| Los Angeles Times
  19. J.C. Penney ad: 'What matters with mistakes is what we learn'

    J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson.
    J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson. The 30-second video went live on YouTube, Facebook...

    Tags: Ron Johnson, Media Industry, Credit Ratings, JC Penney Company Inc., Social Media

  20. Apr 29, 2013 |Story| Los Angeles Times
  21. Goldman Sachs, Morgan Stanley to send foreclosure settlement checks

    WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said.
    WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said. The two Wall Street...

    Tags: Federal Reserve, Bank of America Corp., Mortgages, Personal Income, Financial and Business Services

  22. Apr 29, 2013 |Story| Los Angeles Times
  23. Milken conference panel: Immigration reform would boost economy

    Providing legal status to the country's estimated 11 million illegal immigrants would boost the U.S. economy and eradicate underground economies in cities such as Los Angeles, a panel of researchers, elected officials and a business tycoon said Monday.&nbsp;
    Providing legal status to the country's estimated 11 million illegal immigrants would boost the U.S. economy and eradicate underground economies in cities such as Los Angeles, a panel of researchers, elected officials and a business tycoon said Monday. ...

    Tags: Illegal Immigrants, Employees, Antonio Villaraigosa, Morgan Stanley Dean Witter & Company, Interior Policy

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