Goldman Pays $550 Mln To Settle CDO Suit With SEC

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MarketWatch

July 15, 2010 Thursday 5:05 PM EST

SECTION: NewsWatch

LENGTH: 281 words

HEADLINE: Goldman pays $550 mln to settle CDO suit with SEC

BYLINE: MarketWatch

Goldman agrees to pay $550 million to settle a civil fraud suit brought by the SEC, tackling a legal problem that had threatened to undermine the investment bank’s client relationships.

Financials pare loss; Goldman’s stock jumps

Shares of U.S. financial companies fall, as investors worry about whether disappointing economic data have confirmed fears that the economy is in for another slowdown — outweighing better-than-expected quarterly earnings from J.P. Morgan.

Investors reserved on J.P. Morgan results

NEW YORK (MarketWatch) — J.P. Morgan Chase & Co. blew away expectations by posting a big $4.8 billion quarter of profits on Thursday. So, where’s the rally?

Broad market concerns weigh on J.P. Morgan shares

Shares of J.P. Morgan Chase slide Thursday as the banks solid second-quarter earnings were eclipsed by concerns over slimmer profits from its investment banking business.

AIG CEO wins power struggle as chairman resigns

American International Group got a new chairman after Harvey Golub abruptly resigned late Wednesday in the wake of a dispute with Chief Executive Robert Benmosche.

In the young but fast-growing market for tablet computers, a market propelled by the force of Apple Inc.’s popular iPad, two of the biggest players from the PC’s heyday are mostly standing on the sidelines, writes Therese Poletti.

While more Americans are concerned about their finances now than two years ago, they’re not flocking to financial planners for help, according to a survey by the Certified Financial Planner Board of Standards, released Tuesday.

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