An attempted terrorist bombing in Times Square didn't stop theater curtains rising on Broadway. But the highly anticipated musical Enron -- closed almost instantly, even though it was so successful in London. Apparently, Americans weren't nearly as amused.

Continue reading Enron Flops Again -- This Time on Broadway

Enron Flops Again -- This Time on Broadway originally appeared on DailyFinance on Sun, 09 May 2010 12:30:00.

Filed Under: Media, Goldman Sachs , American International Group

In order to enforce net neutrality rules, the FCC is reclassifying Internet service providers into the same regulatory "box" as phone companies. The move gives the FCC the authority to drastically improve broadband competition -- but the FCC has decided it won't use that power.

Continue reading Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really

Legal Briefing: Net Neutrality, Yes; Broadband Competition, Not Really originally appeared on DailyFinance on Fri, 07 May 2010 11:49:00.

Filed Under: Company News, Technology, Media, Goldman Sachs , American International Group, AT&T, Bank of America, Verizon, Comcast, Citigroup

Four pieces of information reported recently, each with a different level of confirmation, show the extent to which the future of Goldman Sachs may be determined be the mainstream press, and the extent to which "news" about it is often not confirmed by the investment bank, its clients, or federal regulators.

Continue reading Goldman Sachs Rumors: Sifting for Truths About Investment Bank's Future

Goldman Sachs Rumors: Sifting for Truths About Investment Bank's Future originally appeared on DailyFinance on Fri, 07 May 2010 08:54:00.

Filed Under: Company News, General Electric , Goldman Sachs , Berkshire Hathaway, American International Group

The following is a round-up of news likely to affect stock prices today:

Goldman Sachs Group Inc. (GS) may be in settlement talks with the Securities and Exchange Commission, according to a report in the Wall Street Journal. Shares rose 2.2% in premarket trading.

American International Group (AIG) reported Friday $1.21 adjusted earnings per share, handily beating Wall Street expectations of 48...

Continue reading Stocks in the News: Goldman Sachs, AIG, Kraft

Stocks in the News: Goldman Sachs, AIG, Kraft originally appeared on DailyFinance on Fri, 07 May 2010 07:50:00.

Filed Under: Company News, Investing, Goldman Sachs , Kraft Foods, American International Group, eBay

The following is a round-up of news likely to affect stock prices today:

Time Warner Inc. (TWX) reported Wednesday that its first-quarter profit rose 10% to $725 million, or 62 cents per share, helped by better advertising revenue and strong home video sales. Adjusted profit was 61 cents per share. Revenue climbed 5% to $6.32 billion. Analysts polled by Thomson Reuters forecast a profit of 48...

Continue reading Stocks in the News: Time Warner, Garmin, InterMune

Stocks in the News: Time Warner, Garmin, InterMune originally appeared on DailyFinance on Wed, 05 May 2010 07:45:00.

Filed Under: Company News, Investing, American International Group, Time Warner, News Corp

According to The Financial Times, AIG is hoping to piggyback on the SEC's fraud case against Goldman Sachs to recover $2 billion that it paid the investment bank. But what's missing from the article is any evidence that AIG has a case against Goldman.

Continue reading AIG vs. Goldman: Insurer May Match SEC's Fraud Suit Against Bank

AIG vs. Goldman: Insurer May Match SEC's Fraud Suit Against Bank originally appeared on DailyFinance on Tue, 20 Apr 2010 09:40:00.

Filed Under: Company News, Economy, Investing, Goldman Sachs , American International Group, INC.

With the Senate preparing to take up major financial reform legislation this week, Senate Banking Committee Chairman Christopher Dodd called on Republicans to join in supporting the major regulatory overhaul. "This comes right down to this basic fact," said Dodd. "Whose side are you on?"

Continue reading Dodd Calls on Republicans to Support Financial Reform Bill

Dodd Calls on Republicans to Support Financial Reform Bill originally appeared on DailyFinance on Mon, 19 Apr 2010 13:05:00.

Filed Under: Economy, Investing, Goldman Sachs , American International Group, INC., Credit

As laid out by the SEC, Goldman Sachs's CDO sale appears to be textbook securities fraud. The two keys are whether Goldman and VP Fabrice Tourre made material misstatements or omissions, and whether they had sufficient intent to deceive or defraud.

Continue reading Inside the SEC's Legal Case Against Goldman Sachs

Inside the SEC's Legal Case Against Goldman Sachs originally appeared on DailyFinance on Fri, 16 Apr 2010 18:00:00.

Filed Under: Company News, Columns, Investing, Goldman Sachs

The insider trading case against Galleon hedge fund founder Raj Rajaratnam has led investigators to look closely at Rajat Gupta, a Goldman Sachs director. Prosecutors believe Gupta may have shared inside information about the investment bank with Rajaratnam during the depths of the financial crisis.

Continue reading Goldman Sachs Director May Have Passed Insider Info to Galleon

Goldman Sachs Director May Have Passed Insider Info to Galleon originally appeared on DailyFinance on Thu, 15 Apr 2010 08:30:00.

Filed Under: Company News, People, Investing, Goldman Sachs , American International Group, INC.

One of the biggest battles in financial reform is whether derivative trades will move out of the shadows into a public exchange. Derivatives played a major role in the financial meltdown, but because private trades are highly profitable, big banks and their GOP allies are fighting hard against reformers' push for new regulations.

Continue reading Legal Briefing: Reformers Push Hard to Regulate Derivatives

Legal Briefing: Reformers Push Hard to Regulate Derivatives originally appeared on DailyFinance on Wed, 14 Apr 2010 11:30:00.

Filed Under: Columns, Investing, JP Morgan Chase, Goldman Sachs , Morgan Stanley , American International Group, INC., Bank of America, Citigroup