Goldman Sachs

Book Explores Downfall Of An Indian-American Business Icon

Tue, 04 Jun 2013 07:28:00 +0000

Rajat Gupta was one of the wealthiest and most successful men in America and an icon of the Indian-American community. Today, he faces two years in prison for insider trading, convicted of passing corporate secrets to his billionaire friend and Galleon Group founder Raj Rajaratnam.

Gupta was already a wealthy man; what was the motive for his crime?

Goldman Cuts BlackBerry Rating After Stalled Smartphone Launch

Scott Neuman — Mon, 25 Mar 2013 18:47:00 +0000

Goldman Sachs on Monday downgraded BlackBerry after a disappointing launch for the company's new smartphone, the Z10.

The Wall Street Journal reports that Goldman slashed its investment rating on the Canada-based company — formerly known as Research in Motion, or RIM — to neutral from buy, citing weak support for the new product.

"While we thought the international launch was solid, the U.S.

Rajat Gupta, Former Goldman Sachs Director, Sentenced To Two Years

Wed, 24 Oct 2012 21:44:00 +0000

Rajat Gupta, who was once a director at Goldman Sachs and Procter & Gamble, has been sentenced to two years in prison, after a federal jury convicted him of insider trading.

Gupta was convicted of leaking information to Galleon Rajaratnam, the billionaire co-founder of Galleon Group who was found guilty of fraud and conspiracy.

The New York Times reports:

Business News

Fri, 10 Aug 2012 08:45:00 +0000

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a Justice decision.

(SOUNDBITE OF MUSIC)

MONTAGNE: The U.S. Justice Department announced late last night that it is not pursing criminal charges against Wall Street bank Goldman Sachs or its employees. A Senate panel investigating the financial crisis had charged that Goldman bet against the same risky mortgage bundle it was also selling to clients. The Justice Department said in a statement it could not meet the burden of proof to bring a criminal case. Transcript provided by NPR, Copyright NPR.

Rajat Gupta Guilty In Insider Trading Case

Mark Memmott — Fri, 15 Jun 2012 16:10:00 +0000

"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc.