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Goldman Sachs

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Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
News
New Details Emerge After Investment Banker From Fairfield County Jumps To Death New Details Emerge After Investment Banker From Fairfield County Jumps To Death
New Details Emerge After Investment Banker From Fairfield County Jumps To Death A Connecticut father of three who jumped to his death from a rooftop bar in New York City had filed for divorce the day before his deadly leap. Fairfield County resident Dale L. Cheney, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. New York City Police officials said officers found the 46-year-old founder of a private investment fund unconscious and unresponsive.  EMS responded and pronounced Cheney dead at the scene, NYPD said. "Preliminarily, the deceased does not …

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by Kathy Reakes
News
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Click here for an updated story: New Details Emerge After Investment Banker From New Canaan Jumps To Death A man who fell to his death from a rooftop bar in New York City has been identified as the founder of a private investment fund and father of three from Connecticut, according to a report by the New York Post.  Fairfield County resident Dale L. Cheney, of New Canaan who founded Darien-based T-street Capital in 2013, fell from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. He landed on the street and was pronou…

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by Ben Crnic