Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, hired Andrew Williams, a former U.S. Treasury Department spokesman, for its corporate communications unit, said two people familiar with the matter.
When Deutsche Bank AG foreclosed on a Las Vegas parcel in the depths of the 2008 crisis, it decided to double down. The bank spent $4 billion on a hotel and casino with private terraces, high-end restaurants and a multi-level nightclub to create one of the Strip’s hottest destinations.
Baytex Energy Corp., bidding for Aurora Oil & Gas Ltd., sweetened its cash offer for the Australian company to A$1.9 billion ($1.8 billion), winning the backing of the target’s two biggest shareholders.
Morgan Stanley and Goldman Sachs Group Inc. both decided last month that it was worth losing millions of dollars in fees to get credit on a big merger they didn’t work on, four people with knowledge of the matter said.
Woodside Petroleum Ltd., Australia’s second-largest oil producer, plans to buy a quarter of Israel’s biggest natural gas field for as much as $2.6 billion under a revised agreement as demand rises in the Middle East.
General Electric Co. Chief Executive Officer Jeffrey Immelt, who is also an outside economic adviser to President Barack Obama, is pushing back on a report that he’s disenchanted with the administration’s economic policies and privately rooting for Republican presidential hopeful Mitt Romney in this year’s election, according to a company official.