Goldman Sachs Group

Texas Land Office commits $100 million to infrastructure fund

The Texas School Land Board today voted to invest $100 million in an infrastructure fund run by Goldman Sachs. (To recap the hierarchy of these investments: The school land board approves investments for the General Land Office, which does real estate and land investing on behalf of the Texas Permanent School fund. Income from the PSF helps pay for public education. Got it?) Rusty Martin, deputy commissioner for funds management, told the land board that the Goldman fund will top out at about $7...

Spanish group to sell stake in HSBC's Canary Wharf headquarters

Goldman Sachs has been instructed to sell a stake in HSBC tower, the landmark skyscraper in Canary Wharf, to help pay off a £810m loan on the building, writes Mark Leftly. Metrovacesa, the Spanish property giant, racked up the debt when it

Wachovia CEO to meet with analysts

New Wachovia Corp. chief executive Bob Steel has met with employees and the media. Now he's getting to know the analysts. On Monday, he'll be in New York for a meet-and-greet luncheon with the group that closely monitors the bank's financial condition and future prospects. It's an important constituency because analysts issue closely followed reports and recommendations about individual stocks. In a report Friday, analyst Nancy Bush of NAB Research said she's most interested in hearing Steel's ...

Last Call: Goldman Sachs up on Fed borrowing plan

Shares of Goldman Sachs Group Inc. rose Wednesday afternoon along with much of the rest of the financial services sector, after the Federal Reserve said it would extend and expand its emergency borrowing program for the banks.

Goldman Sachs cuts estimate on Washington Mutual

A Goldman Sachs Group Inc. analyst cut his full-year estimate on Washington Mutual Inc. on Monday, citing the thrift's "severe" credit challenges and expectations that the bank will remain unprofitable through 2009.

CIDC is moving to larger space in Cambridge

Cambridge Interactive Development Corp., or CIDC, is moving its headquarters to larger space in Cambridge, a broker involved in the transaction said today. The broker, Boston real estate services firm Richards Barry Joyce & Partners LLC, said that CIDC, a software development company, has signed a lease for nearly 55,000 square feet of space at 150 CambridgePark Drive (photo above), which is near the Alewife MBTA station. CIDC is relocating its operations from nearby 100 CambridgePark Drive, wh...

Goldman banker to advise Paulson on banks (Reuters)

Reuters - Senior Goldman Sachs Group Inc investment banker Kendrick Wilson will take a leave of absence to advise U.S. Treasury Secretary Henry Paulson on the nation's banking crisis, people familiar with the matter said on Monday.

Suzanne Nora Johnson Named to AIG Board

American International Group Inc. (AIG), headquartered in New York, appointed Suzanne Nora Johnson to its Board of Directors. Suzanne is a former Vice Chairman of The Goldman Sachs Group. Read more about it in the Business Wire press release.

Li & Fung Has Biggest Decline in Two Weeks After Goldman Cuts Price Target

Li & Fung Ltd., a supplier ofclothes, toys and home furniture to retailers including Wal-Mart Stores Inc., fell the most in more than two weeks in HongKong after Goldman Sachs Group Inc. cut its target price. (in Bloomberg: Financial News, China)

Goldman Sachs quits group after fair value criticism

Stock Buzz ) said on Wednesday it had withdrawn from the leading international banking lobby IIF, which it earlier criticised over its plans to change fair value accounting rules.