Sanofi-Aventis (SAN.FR), one of the world’s largest prescription drug companies by sales, bought Tenn.-based Chattem (CHTT), which makes products like Gold Bond, Selsun Blue and Icy Hot, for about $1.9 billion in cash (this is $93.50/share). The Wall Street Journal has more:
Seeking to [...]
The following comes form a major US trading desk
Yesterday
From support to resistance…to support…to resistance… Yesterday was notable more for gold’s decline than anything else, really. The precious metal was crushed, spot prices falling below $1100 per ounce briefly after opening at $1138, and the gold mining stocks really [...]
This evening at 7pm ET:Since everything I know about Goldman Sachs was learned either by reading articles from Matt Taibbi at Rolling Stone or by listening to him talk about the company on Comedy Central or YouTube, I’m probably missing something here, because, surely, this can’t be right.
Surely, the investment bank’s latest image-rebuilding effort [...]
On December, 11, I have not been able to find an obituary. One reader wrote me the news, plus it appears on a blog, in Gary King's tweet, and on Wikipedia.
[...]
Well, I don’t know about you, but I didn’t see that one coming. Goldman Sachs senior investment strategist Abby Joseph Cohen thinks that stocks are going higher.
At the 14th annual USA Today Investment Roundtable, Cohen noted that the current stock market picture is “muddled”, [...]
Hat tip Paul
[...]The WSJ has new details on how banks would pass CDO risk between each other in an improbably long chain:
One of Goldman's trades with AIG involved a financial vehicle called South Coast Funding VIII. South Coast was one of many pools of bonds backed by individual homeowners' mortgage payments' [...]
Its early in the weekend, but we already have a leading candidate for the article that everyone will be discussing Monday morning: Goldman Fueled AIG Gambles
Excerpt:
“Goldman Sachs Group (GS) played a bigger role than has been publicly disclosed in fueling the mortgage bets that nearly felled American Insurance Group [...]
Interesting comparisons between Gold rallies over the past 3 years.
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Graphic via The Chart Store:
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The Dollar Index obviously impacts the commodity groups:
GOLDMAN SACHS is changing up its bonus payments this year:
With a resurgent Goldman set to award billions of dollars in [...]
This evening at 7pm ET:
Instead of year-end cash bonuses, Goldman Sachs is awarding its 30 top executives with stock. The stock can’t be cashed for five years. Bloomberg (via BusinessWeek) has the details:
The award will be comprised of so-called shares-at-risk, allowing the firm to take them back [...]
A good move by Goldman Sachs.
Sue Chong:
Goldman Sachs management won't get cash bonus: SAN FRANCISCO (MarketWatch) -- Goldman Sachs Group (GS 166.27, -0.18, -0.11%) said Thursday its management committee will be receiving its bonus in the form of "shares at risk" in 2009 instead of cash. The shares' [...]
This evening at 7pm ET:
The following information is from the JPMorgan Chase presentation today at the Goldman Sachs Financial Services Conference.Still digging out of my email from last week, I came across this:
The Outlook for 2010/11: Exciting, with Risks!
As has become the norm, at this time of the year we present our updated economic forecasts for the following year, and unveil our forecasts for the year after that. Today, we [...]
From the Detroit Free Press:
You might not know the name Anthony Daniels, and you very likely have no clue what he looks like in real life -- but you certainly know his voice. The gold-plated robot of the "Star Wars" saga is taking on a new role as the [...]
