Apple Raises $17 Billion in Largest Corporate Bond Sale Ever
Apple sold $17 billion worth of bonds late Tuesday in the largest sale of corporate bonds ever, part of a plan to increase its share buyback program and boost its dividend.
GoldmanSachs
Holy High Rollers: Blankfein's Latest Run in With Nuns
At Goldman Sachs annual shareholders' meeting on Thursday, CEO Lloyd Blankfein mixed it up a bit with a shareholder representative of the Almighty. And it wasn't the first time he's had a little trouble from the brides of Christ.
5 U.S. Businesses That Ought to Be Ashamed of Themselves
In contrast to the many U.S. companies we should view with pride, some have behaved in ways that are downright evil. For their exploitative behaviors, these companies (and one whole industry) have earned their seats on the corporate netherworld's board of shame.
Why America Really Hates Goldman Sachs (Hint: It's Not About 'Muppets')
Last week's broadside from an ex-employee didn't help Goldman's image, but all the to-do ignored the public's real issue with the firm.
Trusted Betty White Promoting Risky Investments
At 89, Betty White is America's sweetheart. This elder stateswoman of show business was recently named the country's most trusted celebrity -- and she's just thrown her prestige behind William Page and Associates' "life settlements."
UBS Joins Growing List of Bank Layoffs
In a cost-cutting move, Swiss banking giant UBS announced that it would trim 3,500 people from its workforce. Most of the cuts, which are expected to save $2.5 billion in annual costs, will be in the firm's underperforming investment banking unit. It's the latest in a string of big bank layoffs. Who could be next?
Inside Goldman's Earnings Miss
Goldman Sachs reported second quarter earnings of $1.09 billion, or $1.85 per share -- results that are below expectations. While still the most venerable Wall Street Bank, Goldman's quarterly earnings underline a key trait of the investment banking industry: Results can be exceedingly volatile.
At Last, Citigroup Starts to Pull Through
It took a while -- three years, really -- but Citigroup, by far the weakest of the big banks coming out of the recession, is starting to pull through. After this morning's second-quarter earnings report of $3.3 billion, or $1.09 per share, investors have several things to rejoice over.
FT/Goldman Sachs Book Awards Celebrate Reading in a Digital Age
Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G. Rajan, took home the honors at the Financial Times/Goldman Sachs business book of the year award. Keynote speaker Vartan Gregorian delivered a rousing speech in which he called the print vs. digital debate a false choice.
GE's Immelt: More Manufacturing Jobs in the U.S.
GE's CEO says that his company will be investing in manufacturing in its leading markets, including the U.S. In an interview, Jeffrey Immelt said that manufacturers need to produce goods where they sell them.
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