In Europe, Goldman letter deepens banks' trust deficit
LONDON - British politicians visiting Wall Street would once have been only too happy to have their photograph taken with the head of Goldman Sachs. This week in New York, Prime Minister David Cameron met Goldman Chief Executive Lloyd Blankfein and other bankers in private.
Found more than 1 month ago on channel Reuters
PODCAST: A green thumb and earnings ho-hum
Tuesday, October 9, 2012 - 11:16 David McNew/Getty Images A retired couple from the London suburb of Bedford unknowingly tended to a marijuana plant they bought at a flea market. The parade of quarterly earnings announcements begins later today, ceremoniously led as always by aluminum giant Alcoa . Alcoa's expected to show a profit of perhaps just a penny-a-share, compared with 15-cents this time last year. Markets are down this morning on earnings mood, and on a very gloomy report from the IMF forecasting slower global growth ahead. The U.S. is the lone bright spot where the IMF thinks there will be decent growth, but that's no comfort on Wall Street. There are rumors of trouble this morning with a major aerospace merger in Europe. British defense company BAE is declining to comment on reports that merger talks with EADS -- the parent company of Airbus -- have collapsed. The boards of both companies are meeting today, trying to figure out how they can put the two together in a way that ...