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Goldman Sachs Group Inc

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  • WASHINGTON, March 18- The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal levels. "Just because we removed the word' patient' from the statement doesn't mean we're going to be impatient," Fed...

  • ANALYSIS-ECB's money printing may stymie cash generators Wednesday, 18 Mar 2015 | 3:00 PM ET

    LONDON, March 18- The European Central Bank may well be printing money via its landmark government bond buying programme, but it could also be destroying some of the financial system's own printing presses in the process. Little over a week after the ECB launched its 1 trillion euro' quantitative easing' campaign, financial markets are fretting that there is a...

  • NEW YORK, March 18- Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. Ron Marks, a co-founder of Tormar Associates, in a statement issued on Wednesday called Citigroup's claims "inaccurate." Danielle Romero-Apsilos, a Citigroup...

  • Midday Glance: Banks companies Wednesday, 18 Mar 2015 | 2:23 PM ET

    Bank of America Corp. fell$. 11 or. 7 percent, to $15.98. Citigroup Inc. fell$. 48 or. 9 percent, to $53.37. Goldman Sachs fell$. 85 or. 4 percent, to $189.73.

  • Five trades to go before the closing bell Wednesday, 18 Mar 2015 | 1:35 PM ET

    The "Halftime Report" traders give their final trades of the show.

  • HOUSTON/ WILLISTON, N.D., March 18- With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. "If I were an oil company today, I would talk about one thing: how far can you cut costs," said Fadel Gheit, an oil analyst at Oppenheimer in New...

  • Early Glance: Banks companies Wednesday, 18 Mar 2015 | 11:37 AM ET

    Bank of America Corp. fell$. 03 or. 2 percent, to $16.06. Citigroup Inc. fell$. 34 or. 6 percent, to $53.51. US Bank fell$. 09 or. 2 percent, to $44.86.

  • The ‘bottoms-up’ stock picker is dead Wednesday, 18 Mar 2015 | 10:51 AM ET
    Stock picking selecting

    Hug your economist. You're going to need him.

  • UPDATE 1-Goldman Sachs BDC shares fall in market debut Wednesday, 18 Mar 2015 | 10:16 AM ET

    March 18- Shares of Goldman Sachs BDC Inc, the first business development company backed by an investment bank to go public in the United States, fell 2.5 percent in their market debut. Credit Suisse Group AG's Credit Suisse Park View BDC is looking to raise $500 million in a non-traded IPO this year, according to a filing. Goldman Sachs BDC's portfolio ranges from...

  • Goldman Sachs lending unit slips in debut on the NYSE Wednesday, 18 Mar 2015 | 10:02 AM ET

    NEW YORK— A lending company launched by Goldman Sachs is falling in its stock market debut on Wednesday. Shares in the company, Goldman Sachs BDC Inc., dropped 30 cents, or 1.6 percent to $19.68 in morning trading on the New York Stock Exchange. The public debut comes a day after Goldman Sachs Group Inc. sold 6 million shares in the company to investors at $20 per share,...

  • Goldman Sachs BDC shares fall in debut Wednesday, 18 Mar 2015 | 9:41 AM ET

    March 18- Shares of Goldman Sachs BDC Inc, a business development company backed by Goldman Sachs Group Inc, fell 2.5 percent in their debut, valuing the company at about $690 million. The company raised about $120 million after its offering of 6 million shares was priced at $20 per share, the low end of the expected range of $20- $21. BofA Merrill Lynch, Goldman Sachs...

  • Final Glance: Banks companies Tuesday, 17 Mar 2015 | 6:16 PM ET

    Bank of America Corp. fell$. 04 or. 2 percent, to $16.09. Citigroup Inc. rose$. 15 or. 3 percent, to $53.84. Goldman Sachs fell $1.33 or. 7 percent, to $190.57.

  • Midday Glance: Banks companies Tuesday, 17 Mar 2015 | 2:32 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $16.00. Citigroup Inc. fell$. 02 or percent, to $53.67. Goldman Sachs fell $1.63 or. 8 percent, to $190.27.

  • TORONTO, March 17- When retailer Lululemon Athletica pulled its "Define Jacket" off the shelves in 2013, customers were dismayed. Some Wall Street brokers have turned negative on the stock ahead of Lululemon's next earnings report on March 26, but many longtime shoppers have regained enthusiasm. They say a wider selection of styles, colors and prints are at the...

  • NEW YORK— The art collection of the late former chairman of Goldman Sachs is heading to auction. He also served as chairman to the Federal Reserve Bank of New York and deputy secretary of state under President Ronald Reagan. He donated two major paintings to New York's Metropolitan Museum of Art and Washington D.C.' s National Gallery of Art.

  • A hidden bear market in Dow threatens all stocks Tuesday, 17 Mar 2015 | 11:30 AM ET
    Pedestrians walk past IBM's building in New York.

    The Dow has a hidden bear market going on within it as a third of the members in the blue chip barometer have hit new 52-week lows this year.

  • Early Glance: Banks companies Tuesday, 17 Mar 2015 | 10:28 AM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $16.00. Citigroup Inc. fell$. 50 or. 9 percent, to $53.19. Goldman Sachs fell $2.85 or 1.5 percent, to $189.05.

  • March 17- Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the offer "substantially undervalues" the company. Macerich also adopted a poison pill, or a shareholder rights plan, with a 10 percent trigger and changed its board structure to thwart a hostile...

  • March 17- Chinese conglomerate Fosun International Ltd is considering a bid for Cushman& Wakefield Inc, the world's third-largest real estate company, Bloomberg reported, citing sources familiar with the matter. The deal would bring Fosun industry expertise that could help it manage its global real-estate investments and explore new deals, Bloomberg said,...

  • Final Glance: Banks companies Monday, 16 Mar 2015 | 6:03 PM ET

    Bank of America Corp. rose$. 04 or. 2 percent, to $16.13. Citigroup Inc. rose$. 15 or. 3 percent, to $53.69. Goldman Sachs rose $2.56 or 1.4 percent, to $191.90.