After seeing interest from potential buyers, children’s clothing retailer Gymboree has hired Goldman Sachs to auction itself off, and more private-equity firms have already stepped in to say they want to play. Gymboree executiv…
The U.S. office market may have touched bottom, with rents stabilizing, according to real estate research firm Reis Inc.
The vacancy rate hit a 17-year high in the third quarter, Reuters reported. Still, the rate rose by just 0.1 percentage point from the previous quarter, while effective rent was little changed at $22.05 a square foot, suggesting the worst may be over with.
“If…
Continue reading U.S. Office Market May Have Touched Bottom: Report
U.S. Office Market May Have Touched Bottom: Report originally appeared on DailyFinance on Tue, 05 Oct 2010 08:46:00.
Filed Under: Company News, Economy, Real Estate
Oil giant Chevron said it will purchase as much as $1 billion of its common stock in the fourth quarter — a move its CFO chalks up to “ongoing capital discipline and strong cash flows.”
Continue reading Chevro…
Skype released its app for Android phones today.
Phones using Google’s (GOOG) Android 2.1 and 2.2 operating systems can download the free app now, Electronista reported. The app lets users make free Skype-to-Skype calls over wireless Internet in the U.S. In Europe, users can make Skype calls over GPRS, EDGE and 3G.
Skype also lets users make low-cost calls to landlines and mobile…
Continue reading Skype Releases Android Smartphone App
Skype Releases Android Smartphone App originally appeared on DailyFinance on Tue, 05 Oct 2010 07:53:00.
Filed Under: Company News, Technology, Media, Google
Goldman Sachs Group (GS) was sued by German bank Landesbank Baden-Wuerttemberg for allegedly mis-representing the credit quality of its mortgage-backed securities.
The German bank ended up posting a $37 million loss on the investment.
Goldman was the placement agent for a mortgage-backed security called Davis Square Funding VI, Bloomberg News said. Thirty-three percent of the…
Continue reading Goldman Sued by German Bank Over Mortgage-Backed Securities
Goldman Sued by German Bank Over Mortgage-Backed Securities originally appeared on DailyFinance on Tue, 05 Oct 2010 07:43:00.
Filed Under: Company News, People, Investing, Goldman Sachs , Credit