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Goldman Sachs Group Inc

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  • *Euro STOXX 50 in biggest weekly drop since Dec. LONDON, July 3- A top euro zone share index ended Friday with its worst weekly fall this year, as the market was hit by uncertainty over Greece's referendum on its bailout terms, which could determine whether it stays in the single currency. European stock markets have lost ground due to concerns over Greece's debt...

  • WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...

  • *Euro STOXX 50 set for biggest weekly drop since Dec. The euro zone Euro STOXX 50 index was on track for its worst week since December. Peter Oppenheimer, chief global strategist at Goldman Sachs, said a worst-case scenario in case the Greeks voted "No" to the bailout programme could see the Euro STOXX fall to 3,150 points.

  • *App to be suspended in France from 8.00 pm Friday. PARIS, July 3- Uber Technologies will suspend its UberPOP ride-hailing service in France, the U.S. company said on Friday, after it faced sometimes-violent protests and local authorities denounced it as an illegal taxi service. "We have decided to suspend UberPOP in France from 2000 this Friday evening, primarily...

  • PARIS, July 3- Uber Technologies will suspend its UberPOP ride-hailing service in France, the U.S. company said on Friday, after it faced often-violent protests and the authorities denounced it as an illegal taxi service. France last week ordered a nationwide clampdown on the service and two executives from California- based Uber will face trial in France on...

  • *Euro STOXX 50 steady but set for biggest weekly drop since Dec. LONDON, July 3- A top euro zone share index was set for its biggest weekly fall this year on Friday, with focus on a crucial vote in Greece over its debt negotiations at the weekend. "The renewed focus on Greece and the uncertainty about the implications of an exit have once again become a dominant driver in...

  • UPDATE 5-Oil drops on rising U.S. rig count Friday, 3 Jul 2015 | 4:22 AM ET

    "This is the first weekly increase in 30 weeks and is an indication that the slump in drilling activity has ended," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt. Brent crude for August was down 45 cents at $61.62 a barrel by 0800 GMT, extending a downward trend in place since early May, which has seen prices fall almost 10 percent.

  • July 3- Health insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. Antitrust authorities, who were aggressive in...

  • July 2- U.S health insurer Aetna Inc is nearing an agreement to buy rival Humana Inc for about $34 billion in a cash and stock deal, people familiar with the matter told Reuters on Thursday. One person said Aetna's offer would value Humana at about $230 per share and that a deal could be announced as early as Friday. A $230 per share offer would be at a premium of nearly...

  • SINGAPORE, July 3- Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Front-month U.S. crude futures were trading at $56.72 per barrel at 0212 GMT, down 21 cents from their last settlement. That means that U.S. crude has fallen from a price...

  • NEW YORK, July 2- Greece's full-blown debt crisis and Puerto Rico's unfolding one have dominated headlines all week, but some of the biggest U.S. investors have China at the top of their worry lists. Jeffrey Gundlach, Bill Gross, Dan Ivascyn, Mohamed El-Erian, and David Rosenberg are among the money managers keeping close watch of China where markets have been under...

  • NEW YORK— An ex- Goldman Sachs and Procter& Gamble board member was told Thursday that he can't use a court's ruling in another case to nullify his insider-trading conviction. District Judge Jed Rakoff in Manhattan rejected Rajat Gupta's request that he be allowed to piggyback on a federal appeals court's ruling that wiped out the insider-trading convictions...

  • The oil rig count rise of 12 to 640 followed a six-month slump in activity that reduced the number of active rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said in its closely followed report. Drillers added rigs in all of the major U.S. shale oil basins- three in the Eagle Ford in South Texas, two in the...

  • July 2- Yelp Inc, operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. Yelp had a market capitalization of about $3.2 billion as of Wednesday's close. Yelp may pursue a sale again if Chief Executive Officer Jeremy Stoppelman changes his mind, Bloomberg said.

  • LONDON, July 2- In all the huff and puff over Greece in the past month, a number of major banks and investors have decided the main driving force behind the dollar's 18- month surge against the euro is evaporating. But with some money market interest rates implying a full percentage point increase in official U.S. rates by the start of 2017 and the European Central...

  • July 2- Univision Holdings Inc, the owner of Spanish language TV network Univision Network, filed for an initial public offering of Class A common stock in the United States. Univision also counts Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group among its investors. Morgan Stanley, Goldman...

  • Spanish TV network Univision files for U.S. IPO Thursday, 2 Jul 2015 | 6:33 AM ET

    July 2- Univision Holdings Inc, the owner of Spanish language TV network Univision Network, filed for an initial public offering of Class A common stock in the United States. Morgan Stanley, Goldman Sachs and Deutsche Bank Securities are among the underwriters to the IPO, Univision said in a preliminary prospectus filed with the U. S Securities and Exchange...

  • SHANGHAI, July 2- The Chinese government has taken a series of steps since the weekend to head off a crash in its stock markets, which have plunged more than 20 percent since a peak on June 12, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the central bank's easing policy. On the weekend, China's central bank cuts guidance lending...

  • SEOUL/ HONG KONG, July 2- Carlyle Group and MBK Partners are among the shortlisted bidders for Tesco PLC's South Korea business which is valued at about $6 billion, people familiar with the matter told Reuters on Thursday. Goldman Sachs' private equity arm and Affinity Equity Partners were also on the list, the people added, declining to be named due to the...

  • On Wednesday evening, China's two major stock exchanges in Shanghai and Shenzhen said they will cut transaction fees effective Aug. 1. China stocks had tumbled some 5 percent earlier in the day, taking losses since mid-June to more than 20 percent. The People's Daily, official mouthpiece of the ruling Communist Party, said in an editorial that China needs a stable,...