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Goldman Sachs Group Inc

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  • OMAHA, Neb., May 2- Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. Those catastrophes can be costly, and both the September 11 attacks on the World Trade Center and Pentagon as well as Hurricane...

  • NEW YORK— A computer programmer accused of stealing confidential Goldman Sachs computer code was found guilty Friday for a second time, after being convicted, cleared and then charged anew by a different prosecutor. This time, a Manhattan jury convicted Sergey Aleynikov of one of three counts against him, following a bizarre trial in which a juror accused...

  • *Cash return was planned after Novartis asset swap deal. Instead, Britain's biggest drugmaker could use cash flowing in from its far-reaching asset swap deal with Novartis to support its dividend, according to analysts at Goldman Sachs and Berenberg Bank. GSK said last year it intended to return 4 billion pounds to shareholders in 2015 through a so-called B...

  • LONDON, May 1- The London Metal Exchange has fined one of its warehousing operators, CWT Commodities, 100,000 pounds for breaching information barriers with associated trading companies. The only directly comparable disciplinary action to that against CWT was the 50,000- pound fine imposed on Henry Bath in 1999 for trading metal on its own account.

  • CANBERRA, May 1- There is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years. Australia's net debt is forecast to rise to A $245 billion by the end of the fiscal year in June, but at 15 percent of gross domestic product it...

  • CANBERRA, May 1- There is no risk of Australia being stripped of its coveted triple-A credit rating, Treasurer Joe Hockey said on Friday, slapping down speculation the country might be downgraded for the first time in 26 years. A spokesman for S&P told Reuters that Australia had not been affected by the change in rating methodology and the agency had not warned of...

  • UPDATE 1-New York Fed's top bank regulator to step down Thursday, 30 Apr 2015 | 1:46 PM ET

    Dahlgren's team of bank examiners directly oversees the country's top banks, acting as the U.S. central bank's eyes and ears on Wall Street. Dahlgren, a low-key and well-respected figure at the Fed and on Wall Street, will become a senior advisor to New York Fed President William Dudley on Oct. 1 before retiring later in the year. As the government regulator closest...

  • LONDON, April 30- Many global investors have been wrong-footed by a 7 percent surge in emerging market equities in April, as stellar gains in China lifted the benchmark index to its best monthly showing since early 2012.. Shares listed on China's mainland bourses have doubled in value since September, while the dollar-denominated MSCI China index has gained...

  • BRASILIA, April 30- The Brazilian government recorded its smallest primary budget surplus for the month of March in five years, missing estimates by a long shot and putting into question its ability to meet its key fiscal goal this year and restore investor confidence. The disappointing surplus was a blow to Finance Minister Joaquim Levy, who has vowed to fix...

  • Buffett losing mojo on his economic 'moats' Thursday, 30 Apr 2015 | 10:36 AM ET
    Warren Buffett

    Some of Warren Buffett's biggest investment may be losing their "mojo."

  • April 30- Bunge Ltd, one of the world's largest agricultural trading houses, reported a better-than-expected quarterly profit, helped by strong margins from soybean crushing and oilseed exports. The company also said oilseed processing margins improved in Brazil and Argentina in the first quarter and should remain good through September.

  • NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...

  • Goldman, IDG invest $50 million in bitcoin company Thursday, 30 Apr 2015 | 2:07 AM ET
    Bitcoin

    Bitcoin firms have recently announced small investments from European banks,but Goldman is the first major bank to make such a prominent investment.

  • Bitcoin brokerage Circle gets $50 mln investment Wednesday, 29 Apr 2015 | 11:43 PM ET

    April 29- Bitcoin brokerage Circle Internet Financial Inc said it closed a $50 million investment round led by Goldman Sachs and IDG Capital Partners. Circle, a startup founded in 2013 by Brightcove Inc founder Jeremy Allaire and Sean Neville, allows customers to hold, transfer and receive the digital currency, Bitcoin. Goldman Sachs and China- based IDG Capital...

  • Brazil raises interest rates again to salvage credibility Wednesday, 29 Apr 2015 | 8:52 PM ET
    One real coins are produced at the Casa da Moeda, Brazil's national mint, in Rio de Janeiro, Brazil.

    Brazil again steeply raised interest rates to show it's serious about reining in runaway prices, despite fears the step may worsen an expected recession.

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...

  • Final Glance: Banks companies Wednesday, 29 Apr 2015 | 6:14 PM ET

    Bank of America Corp. rose$. 33 or 2.1 percent, to $15.98. Citigroup Inc. rose$. 74 or 1.4 percent, to $53.76. Goldman Sachs rose $1.07 or. 5 percent, to $198.56.

  • China solar expansion needs billions from wary investors Wednesday, 29 Apr 2015 | 5:00 PM ET

    *China's solar installation target for 2015 up 70 pct. HONG KONG/ SHANGHAI, April 30- Chinese solar companies, some already heavily indebted, will need to raise many billions of dollars this year to fund a big expansion in capacity, a major test of investor confidence in a sector hit hard by the global financial crisis. Beijing last month announced a solar...

  • ANALYSIS-Absence of contagion changes whole Greek game Wednesday, 29 Apr 2015 | 3:00 PM ET

    LONDON, April 29- If fear of Europe- wide financial wildfire was Athens' trump card in its standoff with euro zone creditors- then the card has now turned up a dud. A reprise of 2010/ 2011 would have seen any threat of Greek default or euro exit infecting markets everywhere and sending government borrowing costs across Italy, Spain, Ireland and Portugal soaring,...

  • Midday Glance: Banks companies Wednesday, 29 Apr 2015 | 2:53 PM ET

    Bank of America Corp. rose$. 31 or 2.0 percent, to $15.96. Citigroup Inc. rose$. 49 or. 9 percent, to $53.51. US Bank fell$. 01 or percent, to $42.86.