 The investment company has taken several huge public relations hits in recent years. One of the biggest came this past March, following the very public resignation by Greg Smith, a top official there. In a New York Times editorial, Smith blasted the Goldman Sachs corporate culture as "toxic and destructive," where clients were described as "muppets" and the concept of advising clients to do what's best for their interests had given way to whatever trades would most benefit the firm.
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It is probably a safe assumption that most people invest in the stock market with a goal of creating wealth over time. And I'm guessing a fair number of people -- especially those seeking investment guidance on the Internet -- would prefer to get rich sooner rather than later.
When Daniel Hesse was named as the CEO of Sprint (S -0.35%) in 2007, he promised to "lead Sprint to the forefront of the wireless industry." The company has fallen well short of that lofty goal and has been left with little choice but to sell a 70% stake in itself to Japan's Softbank.
On Jan. 1, dividend taxes are going up. And they may be going up a lot -- so much so that The Wall Street Journal is calling it the "dividend cliff."
You've got to hand it to Wal-Mart Stores (WMT +0.15%). It has done something novel -- and somewhat classy -- for its discount shoppers. And, of course, something that should make it more profitable.
Americans are shopping again, but neither candidates nor retail companies can sink too much confidence into September sales numbers.
Heavy equipment maker Terex (TEX -2.05%) is seeing strong demand in North America and strength across its aerial work platforms (AWP) and cranes divisions.
The charts were so hideous, almost every one I looked at. Yet we had a terrific rally Monday. Just shows you how deceptive everything can be.
Japanese telecommunications company Softbank (SFTBF -1.05%) on Monday announced that it will purchase an ownership stake of 70% in Sprint (S -0.35%), the third-largest mobile carrier in the U.S., for $20 billion.
Shares of Coca-Cola (KO -0.11%) slumped Tuesday after the world's largest soft drink company posted results that lagged Wall Street's low expectations. The earnings don't auger well for PepsiCo (PEP -0.04%), which reports earnings Wednesday.
Pennsylvania is the fourth-largest coal producer in the U.S. Pennsylvania is also an all-important swing state. Gov. Mitt Romney has been courting the coal miners and the coal-producing states, claiming that he will help to create a friendlier Environmental Protection Agency for them.