All Posts Tagged Tag: ‘Goldman Sachs’

Uber Continues to Raise Tons of Money

Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber placed with Goldman Sachs’ private clients is a six-year bond that will convert into equity at a 20 percent to …

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Square Reportedly Raises New $150M Round At $6B Valuation

There has been no official announcement so far, but according to a report from The New York Times, Square has raised a new $150 million round of funding, valuing the company at $6 billion. The report cites a person briefed on the investment, who requested to remain anonymous because of a lack of authorization to speak on the matter. It …

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Goldman Sachs Wants Google to Delete an Accidental Email [UPDATED]

Update: Google has reportedly complied with Goldman Sachs’ request. “Google complied with our request that it block access to the email,” said a Goldman spokeswoman“It has also notified us that the email account had not been accessed from the time the email was sent to the time Google blocked access. No client information has been breached.” Original: There’s a pretty …

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Arcapita Bahrain US Bankruptcy Exit a 1st for US

Arcapita, an Islamic investment firm in Bahrain, emerged from US bankruptcy today under Chapter 11 rules. It is the first of the Gulf companies to do so. This move may help clarify how Western courts deal with Islamic finance, marking the first time a question of an Islamic ruling (fatwa) had been presented to a US bankruptcy judge, according to …

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Alcoa, Bank of America, and HP Removed from Dow

Starting September 23, Alcoa, Back of America, and HP will no longer be among the 30 companies listed on the Dow Jones Industrial Average. The changes “were prompted by the low stock price of the three companies slated for removal and the Index Committee’s desire to diversify the sector and industry group representation of the Index,” according to the Dow …

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J.C. Penney: $1.75B Loan Taken From Goldman Sachs

In early April, J.C. Penny CEO Ron Johnson stepped down following over one year of dismal financial results at the company. Johnson had attempted to turn the department store business on its head, eschewing sales and coupons in favor of consistently lower pricing, but the company’s board was forced to make changes due to a plummeting stock price and an …

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Spotify Gets New Funding From Goldman Sachs, Coke [Report]

Spotify has attracted a new $100 million round of funding, valuing the company at nearly $3 billion, according to various reports. According to the New York Times’ Media Decoder, Coca-Cola is becoming a minority investor in the company as part of the round, and that Goldman Sachs is contributing about half of the investment, with Coca-Cola contributing 10% and Fidelity …

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Facebook Blames Nasdaq and Wants to Consolidate IPO Investor Lawsuits

The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or even Facebook itself. According to what an inside source told the New York Times, Facebook intends to file a motion …

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Goldman Sachs to Hire Social Media Strategist

According to Slate, Goldman Sachs is hiring a “social media community manager” to help manage their Twitter, Facebook, LinkedIn and other social media accounts to “build brand visibility”. Goldman Sachs Group, Inc. is looking for a Community Manager/Social Media Strategist to serve as the administrator for Goldman Sachs social media communities. In addition to the management of these communities, this …

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Twitter Blows Up with Greg Smith Jokes

Since Goldman Sachs executive Greg Smith published his resignation letter in the New York Times, comments and criticism have been blowing up twitter all day. In case you haven’t read the Op-ed piece, do your self a favor. It is the ultimate “take this job and shove it” to an employer that has Americans still reeling from the 2008 bailout …

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Greg Smith Leaves Goldman Sachs With Dignity

Greg Smith, executive director and head of Goldman Sachs’ United States equity derivatives business in Europe, the Middle East and Africa has announced his resignation today. He has published his reasons for leaving the firm in a controversial article in the New York Times. He makes some extreme distinctions about how the firm used to look when he joined many …

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