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Retail receipts report posts solid gains

NEW YORK, Oct. 22 (UPI) -- U.S. retail receipts at chain stores rose 1.4 percent in the week ending Saturday, the International Council of Shopping Centers said Tuesday.
Wall Street's year looks dinged by Washington

Wall Street's year looks dinged by Washington

NEW YORK, Oct. 22 (UPI) -- New York state Comptroller Thomas DiNapoli said gridlock in Washington and monetary policy are changing the state's financial picture.

J.P. Morgan and Justice's prosecutorial discretion

COLLEGE PARK, Md., Oct. 20 (UPI) -- J.P. Morgan's record $13 billion tentative settlement with the U.S. Justice Department concerning misrepresented residential mortgage-backed securities doesn't absolve senior bank officials or the bank as an institution from criminal charges.
PETER MORICI, UPI Outside View Commentator
Stocks mixed as smoke clears from D.C. deal making

Stocks mixed as smoke clears from D.C. deal making

NEW YORK, Oct. 17 (UPI) -- U.S. investors turned their focus to corporations Thursday and didn't always like what they found.
Trade group blames Washington for retail decline

Trade group blames Washington for retail decline

NEW YORK, Oct. 16 (UPI) -- A trade group in New York said the government shutdown is partly to blame for the second consecutive week of declining retail sales.

BlackBerry founders consider takeover of smartphone maker

WATERLOO, Ontario, Oct. 11 (UPI) -- The two men who founded BlackBerry Ltd. say they may bid for the 92 percent of the struggling Canadian smartphone maker they don't already own.

Retail slides slightly in week of 'uncertainty'

NEW YORK, Oct. 8 (UPI) -- A U.S. retail trade group said sales receipts at chain stores dropped slightly in the week ending Saturday due to economic uncertainty.
Goldman Sachs predicts a double-deal compromise

Goldman Sachs predicts a double-deal compromise

NEW YORK, Oct. 4 (UPI) -- A Goldman Sachs analyst said don't hold your breath, but predicted the U.S. government shutdown will end with a double-deal compromise in mid-October.
Twitter plans $1B stock market launch under TWTR symbol

Twitter plans $1B stock market launch under TWTR symbol

NEW YORK, Oct. 4 (UPI) -- Twitter Inc. plans a $1 billion stock market launch under the TWTR ticker symbol, but the U.S. online messaging service revealed it has never turned a profit.
Top banker: Shutdown hurts 'shallow' recovery

Top banker: Shutdown hurts 'shallow' recovery

WASHINGTON, Oct. 2 (UPI) -- The head of a trade group representing U.S. bankers said Wednesday the federal government shutdown will hurt what he called a "shallow recovery" from recession.

Obama policies make inequality a lot worse

COLLEGE PARK, Md., Sept. 17 (UPI) -- Income inequality has been growing since the 1970s but U.S. President Barack Obama's economic policies are making it worse and much faster than Presidents George W. Bush or Bill Clinton.
PETER MORICI, UPI Outside View Commentator

Retail receipts bounce back in week

NEW YORK, Sept. 11 (UPI) -- Retail business pulled out of a late summer slump in the United States in the week ending Saturday, a prominent trade group said.

Markets post gains Wednesday

NEW YORK, Sept. 10 (UPI) -- Stocks moved higher on Wall Street Tuesday as data from China showed strength in their economic recovery and worries over Syria receded.
Alcoa, H-P and BofA ushered off blue-chip index

Alcoa, H-P and BofA ushered off blue-chip index

NEW YORK, Sept. 10 (UPI) -- The Dow Jones industrial average is getting a makeover with three blue-chip U.S. firms being turned out and three others replacing them, index officials said.
Moody's considering credit downgrade of three big banks

Moody's considering credit downgrade of three big banks

NEW YORK, Aug. 23 (UPI) -- Credit rating firm Moody's Investors Service said it could cut the credit ratings of three large U.S. banks, citing shifting federal policies as the reason.
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Photos
Goldman Sachs
Former Partner and Head of the Mortgages Department Daniel Sparks, former Managing Director of the Structured Products Group Trading Joshua Birnbaum, current Managing Director of the Structured Products Group Trading Michael Swenson, and Executive Director of the Structured Products Group Trading Fabrice Tourre (L to R) are sworn in prior to testifying before a Senate Homeland Security and Governmental Affairs Committee hearing on Goldman Sachs' role in the financial crises on Capitol Hill in Washington on April 27, 2010. UPI/Roger L. Wollenberg
Wiki

The Goldman Sachs Group, Inc. is a global investment banking and securities firm which engages in investment banking, securities services, investment management and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869, and is headquartered at 200 West Street, in the Lower Manhattan area of New York City. The firm has offices in all major international financial centers, and provides mergers and acquisitions advice, underwriting services, asset management, and securities services to its clients, which include corporations, governments and high net worth individuals around the world. The firm also engages in proprietary trading and private equity deals. It is a primary dealer in the United States Treasury security market.

Former employees Robert Rubin and Henry Paulson served as United States Secretary of the Treasury after leaving the firm; Rubin under President Bill Clinton and Paulson under George W. Bush.

Goldman Sachs was founded in 1869 by German immigrant Marcus Goldman. In 1882, Goldman's son-in-law Samuel Sachs joined the firm. In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co. The company made a name for itself pioneering the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange in 1896.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Goldman Sachs."
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