Goldman Sachs

Goldman Cuts BlackBerry Rating After Stalled Smartphone Launch

Scott Neuman — Mon, 25 Mar 2013 18:47:00 +0000

Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.

The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.

"While we thought the international launch was solid, the U.S.

Rajat Gupta, Former Goldman Sachs Director, Sentenced To Two Years

Wed, 24 Oct 2012 21:44:00 +0000

Rajat Gupta, who was once a director at Goldman Sachs and Procter & Gamble, has been sentenced to two years in prison, after a federal jury convicted him of insider trading.

Gupta was convicted of leaking information to Galleon Rajaratnam, the billionaire co-founder of Galleon Group who was found guilty of fraud and conspiracy.

The New York Times reports:

Business News

Fri, 10 Aug 2012 08:45:00 +0000

A Senate panel found last year that Goldman Sachs marketed four sets of complex mortgage securities to banks and other investors, but failed to tell clients the securities were very risky. The Justice Department said the "burden of proof to bring a criminal case" could not be met.

Rajat Gupta Guilty In Insider Trading Case

Mark Memmott — Fri, 15 Jun 2012 16:10:00 +0000

"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc.

Wall Street Titans, Behaving Badly

Wed, 23 May 2012 14:34:00 +0000

http://www.youtube.com/watch?v=2MXqb1a3Apg

http://www.youtube.com/watch?v=yAMRXqQXemU