Bloomberg News reports that the life of a young investment banker may be getting a lot better, at least for those who work at Goldman Sachs Group Inc. Instead of demanding 100-hour work weeks that include frequent all-nighters and weekends, the bank is now discouraging fresh college grads from coming into the office on Saturdays and Sundays and aiming to "give analysts more-predictable working hours."
Apparently SAC Capital Advisors have "reached out to prosecutors in New York to say that SAC founder Steven Cohen is interested in settling the civil and criminal cases against him and his company" for fines in the neighborhood of $1 billion.
DuPont Co. rose the most in more than a year after the New York Times’s Andrew Ross Sorkin said activist investor Nelson Peltz amassed a “very big” stake in the largest U.S. chemicals company by market value.
Nasdaq OMX Group Inc. halted trading for three hours yesterday to protect the integrity of markets as a technology malfunction left some investors without stock quotes, Chief Executive Officer Robert Greifeld said in his first public remarks since the incident.
You didn’t really think Goldman Sachs Group Inc. would go down without a fight now did you? Of course not. So it should come as little surprise that recently Goldman has started to push back hard against its nemesis, Senator Carl Levin, Democrat of Michigan, and his narrative that the firm is the lead villain of the financial crisis.