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Goldman Sachs Group Inc

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  • Jobs Report Crushes Dow; Nat Semi Jumps Friday, 6 Jun 2008 | 12:17 PM ET

    Stocks plunged after the sharpest jump in the unemployment rate in more than 20 years and news that wholesale inventories ballooned. Oil jumped $6 a barrel. Chevron was the lone star on the Dow. Nat Semi jumped -- a rare feat on this landslide day -- after the chip maker posted better-than-expected earnings.

  • Verizon Wireless to Buy Alltel In $28.1 Billion Deal Thursday, 5 Jun 2008 | 10:09 AM ET

    Verizon Wireless agreed to buy Alltel for $28.1 billion, including $22.2 billion in debt, vaulting the combined company to first place in the U.S. mobile services market ahead of AT&T.

  • Vodafone Confirms Verizon Talks to Buy Alltel Thursday, 5 Jun 2008 | 5:33 AM ET
    Verizon

    Britain's Vodafone confirmed on Thursday that U.S.-based Verizon Wireless, in which it has a 45 percent stake, is in advanced talks to buy U.S. rural mobile service provider Alltel.

  • Web Extra: Apple Conquers The World Wednesday, 4 Jun 2008 | 7:06 PM ET

    Apple reached a deal to sell iPhones in Japan by the end of the year. In Wednesday’s Web Extra find out how the traders are playing the news.

  • Stocks Finish Mixed; Bond Insurers Plunge Wednesday, 4 Jun 2008 | 5:17 PM ET

    Stocks finished mixed as investors juggled some encouraging economic news and concerns about the financial sector. Lehman Brothers rebounded, while bond insurers plunged. Oil dropped below $123 a barrel.

  • Economic Stats Buoy Stocks; Lehman Rises Wednesday, 4 Jun 2008 | 1:39 PM ET

    Stocks ticked higher amid some encouraging economic data. Lehman Brothers rebounded after a recent slide but financials remained under some pressure ahead of a slew of earnings out of the sector next week.   Oil dropped below $123 a barrel.

  • Stocks Hold Gains After Crude Report Wednesday, 4 Jun 2008 | 11:50 AM ET

    Stocks opened lower but quickly bounced as investors juggled worries about financials against some upbeat economic news. American Express led Dow gainers. Lehman rebounded, while Bank of America fell.  Oil dropped below $123 a barrel.

  • Energy, Financials Lead Decline; Lehman Skids Tuesday, 3 Jun 2008 | 5:12 PM ET

    Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials.  The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.

  • Banks Lead Market Fall Monday, 2 Jun 2008 | 6:19 PM ET

    The Dow fell sharply on Monday after S&P jolted three leading U.S. banks with downgrades and Wachovia ousted CEO Ken Thompson. What's the "Word on the Street?"

  • Financial Sector Slammed By Fresh Credit Worries Monday, 2 Jun 2008 | 4:06 PM ET
    Credit Crunch

    Downgrades of three U.S. investment banks, an ouster of Wachovia's CEO and a bleak U.K. housing outlook reignited fears about the global credit crunch.

  • Three Big Wall Street Banks Are Downgraded by S&P Monday, 2 Jun 2008 | 1:07 PM ET
    Credit Crunch

    Standard & Poor's cut the ratings of Lehman Brothers, Merrill Lynch and Morgan Stanley and said the outlook for large US financial institutions is now mostly negative.

  • Month's End: Defining the May Market Story Friday, 30 May 2008 | 4:30 PM ET

    It's the last day of the month and no one wants to be a hero. But the Street is struggling to find a narrative -- it's not clear where we are, so instead of broad narratives I am getting a lot of little stories. Here are a few observations...

  • John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.

  • Money Flow: More Out Of Bonds Then Into Stocks Friday, 30 May 2008 | 9:15 AM ET

    Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.

  • Dow Chemical's CEO: Where's the U.S. Energy Plan? Wednesday, 28 May 2008 | 9:10 AM ET

    Dow's CEO, Andrew Liveris, noted that first quarter feedstock and energy costs were up "a staggering 42 percent," putting strains on the company and its relations with customers. For most chemical companies, price increases have failed to keep up with raw material increases.

  • SEC to Probe Bear Stearns Trading Data: WSJ  Wednesday, 28 May 2008 | 5:20 AM ET

    Bear Stearns plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street Journal reported on Wednesday.

  • Oil Drops, Stocks Pop Tuesday, 27 May 2008 | 6:19 PM ET

    The Dow ended higher Tuesday led by technology companies as a sharp drop in crude oil prices rekindled hopes of increased consumer and business spending on tech gear...

  • Why Stocks Had A Modest Rally Today Tuesday, 27 May 2008 | 4:27 PM ET

    Overall, 3 stocks advanced for every 2 that declined. OK, it's not a roaring start to the summer, but consider the headlines: 1) May Conference Board Consumer Confidence fell to the lowest since October 1992.

  • Stocks Close Higher as Lower Oil Boosts Tech Tuesday, 27 May 2008 | 4:00 PM ET

    Stocks closed with solid gains, led by technology companies such as Apple, as investors bet that a sharp drop in crude oil prices will help shore up consumer and business spending on tech gear.

  • BlackRock More Selective in Buying Assets: Officials Tuesday, 27 May 2008 | 11:38 AM ET
    BlackRock headquarters

    Top officials at BlackRock say the big investment management firm continues explore major investments in distressed assets--such as its recent purchase of $15 billion in mortgage securities from UBS--but the company is becoming more selective in recent weeks about where to place its bets, CNBC has learned.