Goldman Sachs, weighed down by problems in its private equity portfolio and the broader global economic woes, reported a loss of $428 million, compared with a $1.7 billion profit a year ago.
To add to the Mau5's woes, reports emerged today that the controversial Canadian has enlisted the help of a ghostwriter to pen his tweets.
And some analysts expect Goldman Sachs, once appearing immune from the industry's woes, to report a quarterly loss, only the second since the company went public 12 years ago.
To try to curb unauthorized file-sharing, which the music industry blames for its woes, the report recommends requiring Internet service providers to send warning letters to persistent pirates.
The golden state, once described as America's Greece because of its fiscal woes, is reporting a $1.2 billion budget surplus (see article).
DealBook » Its Tax Edge on Thin Ice, Private Equity Is Regrouping | As Washington grapples with the country's fiscal woes, Jane Sassen reports that the private equity industry is grudgingly facing a new reality: its long-held tax advantages are likely to disappear.
Industry analysts said at the time of its financial restatements that the company attributed its problems to a variety of accounting woes, including reporting sales it did not actually make, failing to take charges related to expenses, and overstating licensing revenue.
Tyco International, working to overcome persistent accounting woes, Wednesday reported a fiscal second-quarter loss after a fresh batch of problems contributed to more than $1 billion in charges.
To add to Cowell's weekend woes, newspapers reported that his latest TV show "Britain's Got Talent" had been beaten in viewer ratings on Saturday night by the new BBC talent show "The Voice".
Were it not for Europe's woes, the manufacturing reports would take a back seat to the big number of the week — the monthly U.S. employment report, which comes out Friday.
To add to its woes, the company reported a £50m exceptional charge against the value of "onerous" sports contracts, including the FA Cup and Champions League.
