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Goldman Sachs Group Inc

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  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • TORONTO, May 26- Barrick Gold Corp said on Tuesday it has forged a strategic tie-up with Zijin Mining Group Co and agreed to sell the Chinese miner a stake in a mine in Papua New Guinea as a first step toward further collaboration. Thornton, who took over the reins at Barrick from Peter Munk in 2014, spent years working in China after stepping down from a senior role at...

  • Opening statements are expected to begin on Tuesday in Manhattan state court in the criminal case against former Dewey& LeBoeuf chairman Steven Davis, 62; ex-executive director Stephen DiCarmine, 58; and ex-chief financial official Joel Sanders, 57.. Prosecutors from the Manhattan District Attorney's office say the defendants overstated revenue and...

  • *Dollar rally weighing on oil could run further- Morgan Stanley. *OPEC meets next week; Iran sees no output change. The dollar could rally further, Morgan Stanley said, adding to a growing list of headwinds crude faces that include rising OPEC supply.

  • *U.S. producers to ramp up output with WTI at $60- Goldman Sachs. *Rising dollar, falling oil start of new trend- Morgan Stanley. "We believe that should West Texas Intermediate prices remain near $60 a barrel, U.S. producers will ramp up activity, given improved returns, with costs down by at least 20 percent," Goldman Sachs said.

  • WASHINGTON— If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • WASHINGTON— There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months. And on Friday, the government agency charged with calculating the economy's growth rate said it would adjust its methods in an effort to resolve the problem. Alec Phillips, an economist at...

  • Overall, U.S. drillers reduced the number of active rigs by just one this week, oil services company Baker Hughes Inc said. In the latest week, drillers added three oil rigs in the Niobrara basin in Wyoming and Colorado and two in the Eagle Ford in South Texas, according to the closely followed report. The Permian basin in western Texas and eastern New Mexico, the...

  • Bogner attracts bid interest from Fosun - sources Friday, 22 May 2015 | 11:45 AM ET

    FRANKFURT, May 22- A consortium of Asian investor Fosun and former Coty head Bernd Beetz is the only remaining bidder for German fashion group Bogner after Permira dropped out of the race, two sources familiar with the matter said. Bogner, founded in 1932 by ski jumper Willy Bogner, posted earnings before interest, tax, depreciation, and amortisation of about 30...

  • Banks probed over automated forex deals Friday, 22 May 2015 | 8:50 AM ET
    A currency exchange board in Rio de Janeiro, Brazil.

    Trading platforms at Barclays and Deutsche Bank are being scrutinized by the DFS, Financial Times reports.

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • Vodafone hits 14-yr high as M&A talk rumbles on Friday, 22 May 2015 | 8:04 AM ET

    LONDON, May 22- Britain's top share index hit its highest level in 10 days on Friday, driven by a jump in network operator Vodafone's shares, which hit a 14- year high on the back of potential merger activity. Vodafone rose 4 percent, following upgrades from Citi and Deutsche Bank. Both brokers cited comments earlier in the week from Liberty Global chairman John...

  • *Vodafone shares gain, Richemont slips. European Central Bank President Mario Draghi and Bank of England Governor Mark Carney, along with other central bankers, will be addressing an ECB Forum in Portugal later in the day. Attention will also fall on Federal Reserve Chair Janet Yellen, who is due to speak on the U.S. economic outlook before the Greater Providence...

  • CHICAGO and NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps: importing eggs from overseas or looking to egg alternatives. "Canada is short on eggs and has been buying heavily from the U.S. for the last several years," said Rick Brown, a...

  • Early movers: BBY, OCR, HPQ, PFE, NKE & more Thursday, 21 May 2015 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Street picks: 10 financial stocks ready to pop Thursday, 21 May 2015 | 7:33 AM ET
    BlackRock headquarters in New York City.

    CNBC Pro used technical and fundamental analysis to find the stocks that are primed to rally the most in the continuation of the bull market.

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market-sensitive information. On Monday, ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers,...

  • NEW YORK, May 20- Oil prices rebounded on Wednesday, with U.S. crude snapping a five-day decline, after another weekly inventory draw but gains were still limited by a huge supply overhang and concerns about a stronger dollar. U.S. crude stocks fell nearly 2.7 million barrels last week, down for a third consecutive week, as refineries hiked output, the...

  • Oil settles up 1.71 percent, at $58.98 per barrel Wednesday, 20 May 2015 | 2:30 PM ET
    Oil worker in Iraq

    Oil prices rebounded on Wednesday to settle 1.71 percent higher at $58.98 per barrel with U.S. crude snapping a five-day decline.