Word: gs
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...under pressure from Congress and the press, also released the number of the counterparties to many of its credit default swaps. AIG had decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing...
...near a multi-year low of just below $9, 25% of its 52-week high. Even though GE's financial services operation is only one of many parts of the company, its shares have done much worse over the last year than JPMorgan (JPM) or Goldman Sachs (GS). It is as if GE's large and healthy infrastructure business did not even exist...
...overall in the giant slalom. Kinner skied four seconds faster in the event’s second race to finish with a combined time of 2:36.62. Kinner finished just .33 seconds behind freshman Kevin McNamara in the slalom, with McNamara placing 31st overall. McNamara was 39th in the GS, while sophomore Brad Alvarez finished 46th. Sophomore Alec Boardman was 42nd in the slalom and 48th in the GS. Freshman Caroline McHugh led the way for the women’s Alpine team, coming in 35th in the GS with a combined time of 2:47.05. Meanwhile, junior captain Tess...
...would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...Kinner. Harvard’s top finisher in the slalom and giant slalom, Kinner landed the 32nd position in the two downhill events. Basilico was the next Crimson athlete to cross the line in both races, skiing a single second slower than Kinner at the 39th spot in the GS. Unable to race for the past few carnivals due to back injury, Basilico leapt into this weekend with little practice. “We saw really good skiing from Matt Basilico given that he had been off snow for three weeks,” Alpine coach Tim Mitchell said...