Lloyd Blankfein, the 54-year-old chairman and CEO of Goldman Sachs, is powerfully perplexed. In the past six months, his investment-banking and securities-trading firm has roared ahead in profitability by taking risks — that other firms would not — for itself and its clients in an edgy market. It has paid back the billions of dollars, and then some, of taxpayer money the government forced it to take last October; raised billions of dollars in capital from private investors, including $5 billion from Warren Buffett; and urged its cadre of well-paid and high-performing executives to show some restraint on the conspicuous-consumption front.
Tag Archives: street
Another arrested in London $65M heist
London police arrested another man in connection with this month’s brazen jewelry store robbery of some $65 million worth of gems, Metropolitan Police said. The arrest on Thursday came a day after two men were taken into custody in connection with the crime, police said
London police arrest 2 in bold $65M jewelry heist
Two men were arrested Wednesday in connection with this month’s brazen London jewelry store robbery of millions of dollars worth of gems, Metropolitan Police said. Officers continued to appeal for information about the robbery.
Karzai’s record patchy in calm province
Agajan has a message for Afghanistan’s incumbent politicians. The turbaned, gap-toothed man may only be a humble shop-keeper, but on election day, Agajan will exercise his right and vote against the president. “I won’t vote for Hamid Karzai,” says Agajan, who according to local custom uses only one name.
Air China raises Cathay stake
Air China, the country’s flag carrier, has agreed to pay HK$6.3bn (US$813m) to increase its stake in Cathay Pacific, only three years after first securing a holding in the Hong Kong airline. Chavez’s government is “moving forcefully to silence critics,” said the unclassified U.S. analysis prepared by the Open Source Center, a government intelligence center
U.S. report: Chavez moving to silence media critics
The recent closure of 32 privately owned radio stations and a proposed law to punish "media crimes" are signs that Venezuelan President Hugo Chavez is moving to quash criticism of his government, according to a recent U.S. intelligence report.
Mexico shootouts leave 4 dead, 3 wounded
One small slice Monday of Mexican President Felipe Calderon’s war on drug cartels: two shootouts on the streets of two cities; a man and a woman ambushed in their car; at least four people dead; three soldiers wounded, one of them gravely. The confrontations between unidentified gunmen and Mexican army and federal police took place in the communities of San Nicolas de los Garza and Escobedo, near the U.S. border in the Mexican state of Nuevo Leon, the state-run Notimex news agency said.
Bacon, ex-Pentagon spokesman, refugee advocate, dies
Kenneth Bacon, a former reporter and Pentagon spokesman who later served as a top advocate of displaced people all over the world, died Saturday, according to Refugees International. He was 64
Exxon Mobil to pay $600,000 for deaths of 85 protected birds
Oil giant Exxon Mobil Corp.
China: Filtering software will not be required
Individual computer users in China may choose whether to install a controversial content filtering system, but the system will be installed on computers in any public place, China’s minister of Industry and Information Technology said Thursday.