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    Apr 29, 2013 |Story| Los Angeles Times

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

    2. Apr 9, 2013 |Story| Los Angeles Times

  2. $3.6 billion in foreclosure settlement payments to begin Friday

    As part of a settlement with federal regulators, 13 lenders this week are to begin paying $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010.
    As part of a settlement with federal regulators, 13 lenders this week are to begin paying $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...

    Tags: U.S. Department of Justice, Accounting and Auditing, Office of the Comptroller of the Currency, Financial and Business Services, Mortgages

    3. Apr 8, 2013 |Story| Los Angeles Times

  3. Senate confirms former prosecutor Mary Jo White as SEC chairwoman

    WASHINGTON -- The Senate on Monday confirmed Mary Jo White to chair the Securities and Exchange Commission, placing a tough former prosecutor in the role as Wall Street's top watchdog.
    WASHINGTON -- The Senate on Monday confirmed Mary Jo White to chair the Securities and Exchange Commission, placing a tough former prosecutor in the role as Wall Street's top watchdog. White was confirmed by a unanimous voice vote in the Senate, an...

    Tags: Prosecution, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Bank of America Corp., Mary Jo White, Mary Schapiro

    4. Apr 2, 2013 |Story| Los Angeles Times

  4. BofA pays $165 million to settle mortgage claims by credit unions

    In yet another home lending legal settlement, Bank of America Corp. will pay regulators $165 million related to losses that big credit unions suffered on mortgage-backed securities.
    In yet another home lending legal settlement, Bank of America Corp. will pay regulators $165 million related to losses that big credit unions suffered on mortgage-backed securities. The settlement, announced Tuesday, stems from efforts by the National...

    Tags: Litigation, Citigroup Incorporated, Countrywide Financial Corp., Bank of America Corp., HSBC Holdings plc

    5. Mar 29, 2013 |Story| Los Angeles Times

  5. BRICS in the development wall: Competing interests

    Barely a decade old, the BRICS alliance forged to challenge Western-dominated global economic strategy may already have outlived its purpose.
    Barely a decade old, the BRICS alliance forged to challenge Western-dominated global economic strategy may already have outlived its purpose. The collaborative five-country bloc that came together to create a counterweight to the Group of 7 rich-...

    Tags: Cyprus, Conservation, Africa, World Bank Group, Russia

    6. Mar 26, 2013 |Story| Los Angeles Times

  6. Financial crisis deal makes Buffett a major Goldman shareholder

    Warren Buffett, the ultimate buy-and-hold investor, is grabbing a big chunk of stock in Goldman Sachs Group Inc. — without having to buy it.
    Warren Buffett, the ultimate buy-and-hold investor, is grabbing a big chunk of stock in Goldman Sachs Group Inc. — without having to buy it. The deal would make Buffett’s Omaha-based investment firm, Berkshire Hathaway Inc., one of Goldman&...

    Tags: Financial Markets, Warren Buffett, Berkshire Hathaway Inc., Economy, Business and Finance, Stock Market

    7. Mar 26, 2013 |Story| Los Angeles Times

  7. At Supreme Court, gay marriage comes full circle

    It is the hottest ticket in the country. On Tuesday morning, only a lucky few will be inside the U.S. Supreme Court to hear the historic arguments over whether California’s gay marriage ban is constitutional.
    It is the hottest ticket in the country. On Tuesday morning, only a lucky few will be inside the U.S. Supreme Court to hear the historic arguments over whether California’s gay marriage ban is constitutional. Among the 400 courtroom spectators...

    Tags: Same-Sex Marriage, U.S. Congress, Nancy Pelosi, Social Issues, State of the Union Address

    8. Mar 25, 2013 |Story| Los Angeles Times

  8. BlackBerry stock falls after Goldman downgrade, 'tepid' Z10 sales

    It has a new phone, new technology, even a new stock ticker symbol. But the blows keep coming for BlackBerry.
    It has a new phone, new technology, even a new stock ticker symbol. But the blows keep coming for BlackBerry. The smartphone maker’s stock price tumbled Monday after Goldman Sachs Group Inc. cut its rating on the  company, citing an...

    Tags: Media Industry, BlackBerry

    9. Mar 19, 2013 |Story| Los Angeles Times

  9. Senate panel approves Obama nominees to head SEC, consumer bureau

    WASHINGTON — A Senate committee on Tuesday overwhelmingly approved Mary Jo White's nomination to head the Securities and Exchange Commission, clearing the way for the former federal prosecutor to be confirmed soon as Wall Street's top watchdog.
    WASHINGTON — A Senate committee on Tuesday overwhelmingly approved Mary Jo White's nomination to head the Securities and Exchange Commission, clearing the way for the former federal prosecutor to be confirmed soon as Wall Street's top watchdog....

    Tags: U.S. Senate, Republican Party, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Bank of America Corp., Richard Cordray

    10. Mar 14, 2013 |Story| Los Angeles Times

  10. Wells Fargo CEO John Stumpf tops bank pay list with $22.9 million

    And the winner of this year's banker bonanza award is ...
    And the winner of this year's banker bonanza award is ... John G. Stumpf, chief executive of San Francisco's Wells Fargo & Co., with a 2012 compensation package totaling $22.87 million. Stumpf’s pay package, disclosed Thursday afternoon, was 15%...

    Tags: Citigroup Incorporated, Corporate Officers, Bank of America Corp., Jamie Dimon, Banking

    11. Mar 12, 2013 |Story| Los Angeles Times

  11. SEC nominee Mary Jo White promises tough enforcement if confirmed

    WASHINGTON -- Former federal prosecutor Mary Jo White, President Obama's nominee to head the Securities and Exchange Commission, promised senators on Tuesday that tougher enforcement would be a high priority if she was confirmed.
    WASHINGTON -- Former federal prosecutor Mary Jo White, President Obama's nominee to head the Securities and Exchange Commission, promised senators on Tuesday that tougher enforcement would be a high priority if she was confirmed. White, who spent the...

    Tags: Tim Johnson, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Bank of America Corp., Eric Holder, Mary Jo White

    12. Mar 11, 2013 |Story| Los Angeles Times

  12. Harvard faculty outraged after administration spies on emails

    This is not the kind of news Harvard University would like: First, an allegation of widespread cheating, then an internal hunt for an email leak at the university, and now, a partial apology by the administration for searching the correspondence of resident deans.
    This is not the kind of news Harvard University would like: First, an allegation of widespread cheating, then an internal hunt for an email leak at the university, and now, a partial apology by the administration for searching the correspondence of...

    Tags: Teachers, Science and Technology, Harvard University, Colleges and Universities, Science

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Goldman Sachs Group, Inc. Photos
BlackBerry shares tumbled after a downgrade by Goldman...
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