Business

Goldman Sachs Fourth-Quarter Adjusted Profit And Revenue Beats View

Goldman Sachs Fourth-Quarter Adjusted Profit And Revenue Beats View

Goldman Sachs Group (GS) opened at $258.46 on Wednesday. Capital World Investors now owns 7,649,583 shares of the investment management company's stock worth $1,697,442,000 after buying an additional 726,582 shares during the last quarter. Overall, Goldman Sachs (NYSE:GS) reported net revenues of $32.07 billion and net earnings of $4.29 billion for the year ended December 31, 2017. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%.


GKN - Melrose goes hostile

GKN - Melrose goes hostile

GKN is under pressure from US activist investor Elliott Advisors to open talks with Melrose despite having rebuffed the company's 405 pence per share cash-and-stock offer this month. Last year, lower profit margins and cash generation prompted GKN to conduct a wide-ranging review of its business. "As a result the implied premium has grown from approximately 24 per cent.to approximately 32 per cent.


Goodyear Tire & Rubber Co (GT) Declares $0.14 Quarterly Dividend

Goodyear Tire & Rubber Co (GT) Declares $0.14 Quarterly Dividend

Evercore Trust Company decreased its stake in Goodyear Tire & Rubr Co (GT) by 1.4% based on its latest 2017Q3 regulatory filing with the SEC. The Stock surged0.95% and closed its last trading session at $33.91. Stieven Capital Advsrs LP reported 170,600 shares stake. Since August 15, 2017, it had 0 buys, and 4 insider sales for $507,858 activity. Kihn Jean Claude sold $8,762 worth of stock.


Australia takes Canada to WTO over wine

Australia takes Canada to WTO over wine

The Australian government has sent a shot across the bow to Canada as it launches a trade fight over wine exports. The Australian government is looking to commence a formal consultation over "Canada's discriminatory measures affecting Australian wine" - namely, restrictions on the sale of imported wine in Canadian grocery stores, as well as extra fees relating to imported wine.