Goldman Sachs reported quarterly earnings and revenue that topped analysts' expectations on Thursday.» Read More
April 17- Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit on Thursday as client activity remained constrained and fixed-income revenue shrank. The Wall Street bank said its net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013..
NEW YORK— Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped. The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion. Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion.
April 17- Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock.
April 17- Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit as client activity remained constrained and fixed-income revenue shrank. The Wall Street bank said on Thursday its net income fell to $1.95 billion, or $4.02 per share, in the first three months of the year from $2.19 billion, or $4.29 per share, in the same period of 2013..
April 17- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.
European shares were lower in a thin day of trade on Thursday, failing to continue a rally on Wall Street as investors concentrated on events in Ukraine.
LONDON, April 17- Nickel pushed higher on Thursday as speculators continued to buy due to ongoing concerns over supply from Indonesia and Russia, but some analysts worried that prices had overshot fundamentals.
SINGAPORE, April 17- London copper rose for a second session on Thursday as slightly better-than-expected Chinese growth data eased some fears about a hard landing in the world's top consumer of industrial metals.
SINGAPORE, April 17- London copper rose for a second session on Thursday, with slightly better-than-expected Chinese growth data undeprinning the market. Nickel gained 0.7 percent, building on Wednesday's gains and trading near its highest in over a year on support from escalating tensions between the West and Russia over the crisis in Ukraine.
NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.
Bank of America Corp. fell$. 26 or 1.6 percent, to $16.13. Citigroup Inc. fell$. 13 or. 3 percent, to $48.18. Goldman Sachs rose $2.30 or 1.5 percent, to $157.22.
WASHINGTON, April 16- Two U.S. senators on Wednesday pushed the Federal Reserve to write tough new rules to limit Wall Street's role in commodity markets, stepping up pressure for a clampdown on some of the country's largest banks.
ATHENS, April 16- National Bank of Greece was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros to boost its core capital.
Bank of America Corp. fell$. 40 or 2.4 percent, to $16.00. Citigroup Inc. fell$. 57 or 1.2 percent, to $47.74. Goldman Sachs rose $1.33 or. 9 percent, to $156.25.
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.
Shares of Sodastream rose as much as 12 percent after Calcalist identified PepsiCo, Dr Pepper or Starbucks as the potential investors in the firm.
April 16- At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website.
Bank of America Corp. fell$. 46 or 2.8 percent, to $15.94. Citigroup Inc. fell$. 66 or 1.4 percent, to $47.65. Goldman Sachs rose$. 67 or. 4 percent, to $155.59.
LONDON, April 16- The top names in global mining, gathered in Chile last week, publicly shrugged off concerns that copper financing deals in China, that have locked up mountains of metal, could unravel.