Posts filtered by tags: Goldman Sachs[x]


Zoom, a profitable unicorn, files to go public

Zoom, the video conferencing startup valued at $1 billion in early 2017, has filed to go public on the Nasdaq as soon as next month. The company joins a growing list of tech unicorns making the leap to the public markets in 2019, but it stands out for one very important reason: It’s actually profitable. Zoom was founded in 2011 by Eric Yuan, a co-founder of WebEx, which sold to Oracle for $3.2 billion in 2007. Before launching Zoom, he spent four years at Cisco as its vice president of engine...
Tags: Fundings & Exits, TC, Venture Capital, Cisco, Cisco Systems, Emergence Capital, Eric Yuan, Goldman Sachs, Jp Morgan, Morgan Stanley, Oracle, Sequoia Capital, Telecommunications, Unicorn, Video, Video Conferencing

Morgan Stanley holds top spot as activist defence firm: data

Morgan Stanley was ranked as the top adviser to companies targeted by activist investors publicly for the third straight year in 2018 while Goldman Sachs vaulted past two competitors to the number No. 2 spot, according to Refinitiv data published on Thursday.
Tags: Money, businessNews, Goldman Sachs, Morgan Stanley

KKR raising first Asia real estate fund, targeting $1.5 billion: Reuters

HONG KONG (Reuters) – Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential. The firm itself will commit about $250 million in capital, and po...
Tags: Asia, Hong Kong, New York, India, Trends, Asia Pacific, Funds, Goldman Sachs, Seoul, KKR, Reuters, Reuters Global, Blackstone Group, CLSA, Gangnam, Pattar

These ad execs have a venture fund they’d like to sell you

Mike Duda comes from the world of advertising. In fact, he spent 13 years at the renowned ad agency Deutsch, becoming the youngest partner in the company’s history until another creative, Brent Vartan, came along and stole the title. Little wonder that in 2010, when Duda struck out on his own to create Bullish (formerly known as Consigliere Brand Capital), he stole Vartan, later making him the firm’s second managing partner. It isn’t that the two wanted to outgun their former employer exactly. I...
Tags: Google, Amazon, TC, Facebook, Ecommerce, New York, Boston, San Francisco, Tech, Walmart, Palo Alto, Portland, Venture Capital, San Diego, Patagonia, Silicon Valley

New Policy Ensures That There’s A 50 Percent Chance A Future Bald CEO Of Goldman Sachs Will Be A Woman

DJ D-Sol looking to spin way more ladies nights at 200 West St.
Tags: Law, Finance, Goldman Sachs

Goldman Sachs upgrades India to 'overweight' amid pre-election rally

Goldman Sachs (GS) upgraded its view on India to "overweight" as the country catches up with pre-election rally amid expectations of another majority win for the ruling Bhartiya Janata Party.
Tags: Money, India, businessNews, Goldman Sachs, Goldman Sachs GS

$1 billion Sequoia-backed data startup Health Catalyst has picked lead banks for its IPO

Health Catalyst, a $1 billion healthcare data startup, is interviewing banks for an initial public offering, according to multiple sources. The company has hired Goldman Sachs and JPMorgan to lead the IPO process, according to one of the sources. Health Catalyst announced a $100 million equity and debt financing round in early February which it said valued the company above $1 billion. Health Catalyst, a Sequoia Capital-backed startup that stores and analyzes data for healthcare companies, is...
Tags: North Korea, Trends, Goldman Sachs, Sequoia Capital, Jefferies, Jpmorgan, Kim Jong, Salt Lake City Utah, Dan Burton, Tom Burton, Peloton, Health Catalyst, JPMorgan Credit Suisse, Health Catalyst Goldman Sachs, Steve Barlow, HB Ventures Read

German lawmakers challenge deputy finance minister's Goldman link in bank merger

German lawmakers on Monday criticised deputy finance minister Joerg Kukies and Goldman Sachs on Monday, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank.
Tags: Money, businessNews, Goldman Sachs, Goldman, Commerzbank, Joerg Kukies

Weil hires ex-Goldman Sachs VP Brian Parness in private equity practice

Weil, Gotshal & Manges hired Brian Parness as a partner in the global private equity practice. Parness joined Weil from Goldman Sachs, where he worked as vice president and associate general counsel. He will be based in New York. Press Release International law firm Weil, Gotshal & Manges LLP announced today that Brian Parness has joined the Firm as a partner. He is part of Weil’s global Private Equity practice and is based in the Firm’s New York office. “Brian is a tremendous addition to Weil’s...
Tags: New York, Trends, People, Goldman Sachs, Brian, Goldman, Weil, Weil Gotshal Manges, Weil Gotshal Manges LLP, Goldman Sachs Asset Management, Sullivan Cromwell LLP, Barry Wolf, Corporate Department, Private Equity Practice Weil, Goldman Sachs Co LLC, Michael Aiello

U.S. fintech FIS to buy payment processor Worldpay for about $35 billion: Reuters

(Reuters) – U.S. fintech group Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry. The deal is the latest in a wave of consolidation in the financial software and payments technology sectors as firms bulk up to compete with newcomers seeking to disrupt the way merchants are paid. U.S.-based Fiserv Inc bought payment processor First Data Corp in January for $22 billion. I...
Tags: Europe, London, Trends, London Stock Exchange, Italy, Rbs, M&a, Goldman Sachs, Financial Services, Fis, First Data Corp, Worldpay, Reuters, Fifth Third Bancorp, Fiserv Inc, Vantiv

Malaysia to summons two Goldman Sachs units ahead of 1MDB case

Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year.
Tags: Hong Kong, London, Money, businessNews, Malaysia, Goldman Sachs

Quantum computing could change everything, and IBM is racing with Microsoft, Intel, and Google to conquer it. Here's what you need to know (IBM, GOOGL, MSFT, INTC)

Quantum computers are an extremely exciting technology, promising the raw computing power to crack previously-unsolvable problems.  IBM has an early lead in quantum computing, experts say, with Google, Intel, Microsoft, and a host of startups close on its heels.  Investors are also excited about quantum computing startups, including IonQ, ColdQuanta, D-Wave Systems and Rigetti, all of whom could shake up this market.  However, there's a big catch: Modern quantum computers are generally not as ...
Tags: Google, Microsoft, Trends, Intel, Bill Gates, Gartner, Clarke, Ibm, Goldman Sachs, Bmw, Volkswagen, Forrester, Hopkins, Mark Johnson, Monroe, Maverick

UK bankers on standby as City readies no-deal contingency plans

JP Morgan and Goldman Sachs poised to move staff to EU offices by 29 MarchHundreds of UK bankers at JP Morgan and dozens from Goldman Sachs are on standby for relocation to EU offices by 29 March, regardless of Parliament’s vote to delay Brexit.The exodus is likely to be replicated across the Square Mile as investment banks, almost all of which are foreign-owned, put in place emergency measures to cope with a period of uncertainty that could stretch through to summer, depending on the outcome of...
Tags: Europe, Business, Politics, UK, London, Bank Of America, Eu, European Union, UK News, World news, Banking, Financial Sector, Foreign Policy, Barclays, Hsbc, Royal Bank Of Scotland

Stagwell to invest $100 mln in MDC

The Stagwell Group has agreed to invest $100 million in MDC Partners, a marketing and communications network. As a result of this transaction, Mark Penn, founder of Stagwell, will become CEO of MDC and a member of its board of directors. Penn’s background includes senior executive positions at Microsoft as well as serving as a a senior adviser to global corporate and political leaders including Bill Gates, former U.K. Prime Minister Tony Blair, former U.S. President Bill Clinton and and former S...
Tags: New York, Microsoft, Trends, Bill Gates, Bill Clinton, Tony Blair, Goldman Sachs, WPP, Penn, State, Mark, Company, Hillary Rodham Clinton, MDC, MDC Partners, Business Services

BioScrip and MDP-backed Option Care to merge

Home and alternate site infusion therapy providers BioScrip and Option Care have agreed to merge. No financial terms were disclosed. The deal is expected to close in the second half of this year. Jefferies LLC and Moelis & Company LLC are acting as joint financial advisers to BioScrip with Gibson, Dunn & Crutcher LLP providing legal advice. Goldman Sachs and BofA Merrill Lynch are serving as financial advisers to Option Care while Kirkland & Ellis LLP are providing legal advice to Option Care. O...
Tags: Trends, Walgreens, Chicago, United States, Healthcare, M&a, Goldman Sachs, Zenith, Wba, Bios, UnitedHealth Group, Jefferies LLC, Kirkland Ellis LLP, Shapiro, Walgreens Boots Alliance, Walgreens Boots Alliance Inc

Oil demand concerns overdone, Brent to rise above $70/bbl: Goldman

Higher oil demand coupled with declining production and supply cuts could help Brent prices rally above $70 per barrel in the near term, Goldman Sachs said.
Tags: Money, businessNews, Goldman Sachs, Goldman

Elon Musk says Tesla's new Model Y SUV will outsell the Model S, Model X, and Model 3 combined (TSLA)

Tesla CEO Elon Musk said he expects the new Model Y SUV to outsell the Model S, Model X, and Model 3 combined. "I think it will probably sell, probably do more Model Ys than (Model) S and (Model) X combined, most likely," Musk said. While Musk remains optimistic about the vehicle, some on Wall Street have expressed concerns about the Model Y eating into sales for the Model 3. Tesla CEO Elon Musk said he expects the new Model Y SUV to outsell the Model S, Model X, and Model 3 combined. "I thin...
Tags: Elon Musk, US, Trends, Tesla, TSLA, Goldman Sachs, Goldman, Musk, Tesla CEO Elon Musk, Hawthorne California, Tesla Elon Musk

Tesla opens up orders for its long-awaited Model Y SUV, but production won't begin for a while (TSLA)

Tesla unveiled its newest vehicle, the Model Y SUV, on Thursday. Production of the more premium Model Y models will begin in 2020. The standard version, which will begin pricing at $39,000 before incentives, will go into production in 2021. The unveiling comes at a time when Tesla is facing mounting financial pressure and, according to some analysts, a demand problem. Tesla fans can now place an order for the company's long-awaited Model Y SUV, at least for the premium versions. But they will...
Tags: Elon Musk, US, Trends, Tesla, TSLA, Goldman Sachs, Goldman, Musk, Mercedes Benz, Hawthorne California

Elon Musk just unveiled Tesla's newest car, the Model Y SUV (TSLA)

Tesla unveiled on Thursday its latest vehicle, the Model Y crossover SUV, at its design studio in Hawthorne, California. The Model Y is Tesla's second SUV, after the Model X. The vehicle will have a range of 300 miles per charge, the ability to accelerate from 0-60 mph in 3.5 seconds, and the capacity to seat seven people, CEO Elon Musk said.  Tesla began allowing customers to reserve the vehicle for a $2,500 deposit after Thursday's event. The three trims available to reserve start between $4...
Tags: Elon Musk, US, Trends, Tesla, Goldman Sachs, Goldman, Bugatti, Musk, Hawthorne California

I've talked to loads of hedge funds about their performance woes and there's one thing they have in common. Here's why Excel doesn't work anymore for picking stocks.

Junta Nakai has spent his career on Wall Street and in financial technology.  In this op-ed, Nakai argues that Microsoft Excel, which has been used by the investment community for years, can no longer be the only tool used for stock-picking.  The explosion of alternative data in particular has pushed stock analysis beyond what Excel is capable of.  Most investors are equipped for megabytes. Winners are equipped for terabytes. The vast majority of institutional investors today use Microsoft Ex...
Tags: Microsoft, Wall Street, Americas, America, Trends, Walmart, Bloomberg, Asia Pacific, Goldman Sachs, Financial Services, Nasdaq, Morningstar, FINRA, Mount Rushmore, Selerity, Nakai

Tesla is about to reveal the Model Y — here's how much it could cost (TSLA)

Tesla will unveil its upcoming Model Y crossover SUV on Thursday. The automaker's CEO, Elon Musk, has said the vehicle will be about 10% more expensive than Tesla's Model 3 sedan, which starts at $35,000, though he has not specified whether the 10% premium will apply to multiple trims or just the base model. Predictions from three analysts would give the Model Y a price range of around $40,000 to $85,000. Tesla will reveal its upcoming Model Y crossover SUV on Thursday. The automaker's CEO, E...
Tags: Elon Musk, Trends, Tesla, TSLA, Goldman Sachs, Aston Martin, Business Insider, Wedbush Securities, Lagonda, JD Power, Model X Musk, Daniel Ives, Internal Tesla

Tesla is about to unveil the Model Y. Here's everything we know about the vehicle so far. (TSLA)

Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday. Tesla CEO Elon Musk has said the vehicle will transform Tesla's manufacturing process. Statements from Musk and leaked Tesla documents have provided hints about the Model Y's features and production process. Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday. The vehicle will be the automaker's second SUV and will be built on the same platform as Tesla's most recent vehicle, the Model 3 sedan. ...
Tags: Elon Musk, Trends, Tesla, TSLA, Goldman Sachs, Musk, Gigafactory, Reuters, Reno Nevada, Tesla CEO Elon Musk, Wedbush Securities, Daniel Ives, Nevada Gigafactory

Malaysia's securities regulator issues Goldman Sachs with show-cause letter

Malaysia's securities commission said on Thursday that it has issued a show-cause letter to Goldman Sachs, which is embroiled in multi-jurisdictional investigations into Malaysian state fund 1Malaysia Development Berhad (1MDB).
Tags: Money, businessNews, Malaysia, Goldman Sachs

Southwest is waiving fees for passengers who want to avoid flying on the Boeing 737 Max 8 (LUV)

Southwest Airlines is waiving fees for passengers who want to avoid flying on the Boeing 737 Max 8 aircraft through Monday. "We are not issuing refunds of non-refundable fares, but we are working with customers who wish to rebook their flight to another aircraft type on a case-by-case basis. As a courtesy, we will waive the fare difference for the new flight between the same city pairs," a Southwest representative told Business Insider. The move follows an Ethiopian Airlines crash on Sunday t...
Tags: Australia, US, Trends, Tesla, Goldman Sachs, Faa, Boeing, LUV, Southwest Airlines, United Airlines, Federal Aviation Administration, Southwest, Ethiopian Airlines, Lion Air, European Union China, Max An American Airlines

PE-backed Tilray taps Pucher as chief corporate development officer

Tilray, a Nanaimo, British Columbia-based cannabis researcher, cultivator, producer and distributor, has named Andrew Pucher as chief corporate development officer. Previously, Pucher worked at Goldman Sachs where he was a managing director and most recently served as head of Canadian diversified investment banking. Tilray is a portfolio company of Seattle-based cannabis private equity firm Privateer Holdings. PRESS RELEASE NANAIMO, B.C. – Today, Tilray, Inc. (NASDAQ:TLRY), a global pioneer in c...
Tags: Europe, New York, Toronto, Trends, Diageo, People, Marilyn Monroe, Elvis Presley, Goldman Sachs, Starbucks, Novartis, North America, Seattle, Operations, Nestle, Grünenthal

Goldman Sachs's internal idea factory hatched a plan for the Google of Wall Street, and it's now looking for the next big thing to disrupt the bank

Goldman's internal incubator last year selected an idea for a firmwide search engine that started in the compliance department and could be expanded to query large and complex data sets across the firm.  The idea was one of eight winners selected out of about 1,000 submissions for the incubator's inaugural class.  The bank is now accepting applications for the second year of the GS Accelerate program, according to a firmwide memo sent Monday.  When Goldman Sachs launched an internal idea fact...
Tags: Google, Trends, Goldman Sachs, Goldman, Baker, Polaris, Cohen, Stephanie Cohen, Tanya Baker

Goldman Sachs says Tesla's new Model Y SUV could make its Model 3 demand problems even worse (TSLA)

Goldman Sachs sees weak demand and margins for Tesla in the first quarter of 2019, and reiterated its "sell" rating. The $35,000 Model 3 unveiling has been seen as a sign of weakening US demand for the sedan. The unveiling of the Model Y SUV on March 14 could further impact demand for the Model 3 as customers wait for the more popular crossover vehicle. Watch Tesla trade live. The Model Y, a new SUV crossover set to be revealed by Tesla, could exacerbate demand problems for the Model 3, acco...
Tags: Elon Musk, US, Trends, Tesla, Goldman Sachs, Toyota, Goldman, David Tamberrino, Tamberrino

Goldman Sachs' best Brexit guess: May's deal passed eventually

Goldman Sachs said it sees a 55 percent probability of Prime Minister Theresa May getting a Brexit divorce deal ratified even though parliament overwhelmingly rejected the deal for a second time.
Tags: Money, businessNews, Theresa May, Goldman Sachs

African e-commerce startup Jumia files for IPO on NYSE

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will become the first African tech startup to list on a major global exchange. Poignonnec would not pinpoint a date for the actual IPO, but noted the min...
Tags: Startups, TC, Ipo, Nigeria, Africa, Tech, E-commerce, Ceo, Economy, Smartphones, Companies, Egypt, Morocco, Kenya, SEC, Online Retail

U.S. Fed sanctions former Goldman Sachs bankers over 1MDB money-laundering scandal

The U.S. Federal Reserve said on Tuesday it had sanctioned two former Goldman Sachs Group Inc bankers for their roles in a money-laundering scandal involving 1Malaysia Development Berhad (1MDB), Malaysia's state-owned investment fund.
Tags: Money, businessNews, Malaysia, Goldman Sachs, Goldman Sachs Group Inc, U S Federal Reserve, 1Malaysia Development Berhad, U S Fed

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