Entries tagged "Sachs "
More worries on Wall Street as shares of investment banks Morgan Stanley and Goldman, Sachs & Co. took a plunge as speculation grows about their future as independent banks. This year stock for Goldman has dropped 45%, and Morgan's has sunk 57%. Meanwhile, commercial bank Washington Mutual Inc.'s shares are wavering as rumors circulate that U.S. federal regulators may be reaching out to Wells Fargo & Co., J.P. Morgan Chase & Co. and HSBC Holdings plc to acquired the troubled bank. - Maria Woehr Troubled Wall Street Prices at close Name Price at open Price at close Change Mkt...
German tire and automotive equipment maker Continental AG on Wednesday dismissed an unsolicited €10.5 billion ($16.7 billion) offer from rival Schaeffler KG, labeling it "opportunistic" while providing a glimpse into a meeting between the two companies Friday. ...
