"Goldman Sachs Group Inc., buoyed by better-than-expected earnings and a 54 percent gain in its stock price, raised $5 billion in a share sale to help repay $10 billion in government rescue funds.I should put a disclaimer here that SIMM does own Goldman.
The bank said today it sold 40.65 million shares at $123 each, 5.5 percent less than yesterday’s closing price of $130.15. The price was exactly the same level at which the bank last sold shares in September. Until last week, the shares hadn’t closed above $123 since Oct. 6.
Chief Executive Officer Lloyd Blankfein, 54, wants to refund money received from the U.S. Treasury’s Troubled Asset Relief Program in October to run his bank, which set a Wall Street pay record in 2007, without any limits on compensation."
AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major Overhaul
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AT&T started reorganizing its WarnerMedia unit by combining its disparate
networks and entertainment businesses, an overhaul that is expected to lead
to co...
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