Goldman Pares Back Partner Picks
The New York company is expected to announce this week the promotion of about 70 employees to partner, the smallest number in more than a decade.
Hedge Funds, Goldman Strike Nine Deal
Nine Entertainment was dragged from the brink of insolvency after lenders agreed a multibillion-dollar debt restructure, a move that also handed CVC Capital Partners the largest loss for a private-equity company on a single transaction in the Asia-Pacific region.
Bank earnings kick off with JPMorgan blockbuster
Friday, October 12, 2012 - 06:59 Spencer Platt/Getty Images People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan on October 2, 2012 in New York City. JP Morgan Chase, one of the bellwethers of the global financial system, has reported a record profit for the third quarter. The huge diversified bank headed by Jamie Dimon—the largest in the U.S. by assets—says it earned $1.40 per share, up 34 percent from the July-September period in 2011. Analysts polled by FactSet had predicted earnings of just $1.21 per share. And money coming in the door—that’s revenue—was up 6 percent, also outpacing forecasts. As the economy improves, JP Morgan is setting aside less money in loan-loss reserves, helping the bottom line. The bank had $1.8 billion on the books for potential loan losses in Q3 2012, down 26 percent from the $2.4 billion in loan-loss reserves one year ago. The upcoming wave of bank earnings--including Wells Fargo, Citigroup, Bank of America, and Goldman Sachs--will ...
Yahoo says Ken Goldman will become CFO Oct. 22
NEW YORK -- Internet company Yahoo says Chief Financial Officer Tim Morse is leaving the company and will be replaced in October by Ken Goldman....
Exclusive: Carlyle, CVC, TPG weigh final bids for Getty
NEW YORK - Three private equity firms, including Carlyle Group LP and CVC Capital Partners , are weighing final bids for Getty Images, as the auction of the digital media company enters its last leg, according to people familiar with the matter.
Found more than 1 month ago on channel Reuters