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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 23, 2013 |Story| Los Angeles Times
  1. 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 & 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: JC Penney Company Inc., Economy, Business and Finance, Judges, Dwayne Johnson, Justice System

  2. May 16, 2013 |Story| AP Member Choice Complete
  3. J.C. Penney's loss more than doubles; revenue plunges 16%

    The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain. Penney on Thursday widened its loss in the first quarter on a 16% plunge in revenue. It marks the fifth straight quarter that the struggling company...

    Tags: JC Penney Company Inc., Ron Johnson, Mike Ullman

  4. May 14, 2013 |Story| Los Angeles Times
  5. 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: Federal Reserve, Central Bank, Economy, Business and Finance, U.S. Securities and Exchange Commission, Bloomberg L.P.

  6. May 13, 2013 |Story| Los Angeles Times
  7. 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, Bloomberg L.P., News Media

  8. May 10, 2013 |Story| Los Angeles Times
  9. 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: Prices, JC Penney Company Inc., Credit Ratings, Moody's Corporation, Computing and Information Technology Industry

  10. May 9, 2013 |Story| Los Angeles Times
  11. 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: Mortgages, Bank of America Corp., Federal Reserve, Morgan Stanley Dean Witter & Company, JPMorgan Chase & Co.

  12. May 3, 2013 |Story| Bloomberg
  13. Berkshire Hathaway first-quarter profit jumps 51%

    Warren Buffett's Berkshire Hathaway Inc. said first-quarter profit rose 51% on gains from investments and insurance operations. Net income climbed to $4.89 billion, or $2,977 a share, from $3.25 billion, or $1,966, a year earlier, the Omaha, Neb.,...

    Tags: Berkshire Hathaway Inc., Warren Buffett, Business, Shareholders, Jorge Paulo Lemann

  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: Greenpeace, Staten Island (New York City), Environmental Issues, Coca-Cola, Conservation

  16. Apr 29, 2013 |Story| Los Angeles Times
  17. 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: Mortgages, Personal Income, Federal Reserve, Bank of America Corp., Morgan Stanley Dean Witter & Company

  18. Apr 29, 2013 |Story| Los Angeles Times
  19. 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. 
    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: Rupert Murdoch, Morgan Stanley Dean Witter & Company, Illegal Immigrants, Antonio Villaraigosa, Interior Policy

  20. May 1, 2013 |Story| Los Angeles Times
  21. 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, JC Penney Company Inc., Credit Ratings, Media Industry, Social Media

  22. Apr 29, 2013 |Story| Los Angeles Times
  23. J.C. Penney secures $1.75-billion loan

    J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances.
    J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances. The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line....

    Tags: JC Penney Company Inc., Ron Johnson, Finance, Economy, Business and Finance

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