Thursday, October 23, 2008

Goldman Sachs: Winner or loser in credit crunch?

AP NEW YORK: Goldman Sachs Group Inc. Goldman Sachs, Coller Capital and Lexington Partners could not be immediately reached for comment by Reuters. (Reporting by Ajay Kamalakaran in Bangalore) Goldman Sachs Group Inc. The media is reporting that Goldman Sachs (GS) will cut 10% of its work force, or about 3000 people. about 10% of its workforce. Finally, Goldman Sachs represents a prominent ally in financial services, an industry that is undergoing consolidation. The two largest firms, Goldman Sachs Group Inc. Good morning, ladies and gentlemen, and welcome to the AT&T third quarter earnings release 2008 conference call. On October 16, Goldman Sachs downgraded the company to Neutral from Buy citing potential weakness in its building efficiency and automotive units. Goldman Sachs (NYSE: GS) opened at $117.19. So far today, the stock has hit a low of $116.02 and a high of $119.02. Bloomberg offers the best analysis yet of how Goldman Sachs has fared in the credit crunch.

Also read this:
Pound plunges after Mervyn King warns of recession
Auto racing
Jacques Cheminade and Christian de Boissieu debate NBW on TV ...

0 comments: