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Group 1 Automotive, Penske Automotive: Management Meetings Reveal Industry Trends
Tuesday, June 24, 2025 - 6:18pm | 336Read More...Meetings with the top management of Group 1 Automotive Inc (NYSE:GPI) and Penske Automotive Group Inc (NYSE:PAG) highlighted industry trends in tariff responses by OEMs (original equipment manufacturers), new and used vehicle sales, as well as P&S (parts and service) trends, according to...
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CarMax Faces 'Acute' Shortage Problem, And It Might Last Through 2025
Monday, June 16, 2025 - 11:20am | 309Read More...With industry sales decelerating at a faster pace than expected in May, CarMax Inc.'s (NYSE:KMX) earnings estimate for the fiscal first quarter has been cut from $1.45 per share to $1.25 per share, though this is still higher than the consensus of $1.20, according to JPMorgan. The CarMax Analyst:...
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Former Goldman Sachs Director Gupta Headed to Federal Prison
Thursday, October 25, 2012 - 12:59pm | 840Read More...In the culmination of a stunning fall from power, Rajat Gupta, a former Goldman Sachs (NYSE: GS) director and chief executive of management consultancy McKinsey & Co., was sentenced to two years in a federal prison for leaking corporate secrets to hedge fund manager Raj Rajaratnam. In June, Mr...
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U.S. Expected to Charge ex-Goldman Sachs Director Wednesday
Tuesday, October 25, 2011 - 10:13pm | 147Read More...According to the New York Times, federal prosecutors will file criminal charges Wednesday against former Goldman Sachs (NYSE: GS) Director Rajat K. Gupta. Gupta is expected to surrender to the authorities on Wednesday. His trial could mean the beginning in a new government offensive against...
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Can American Traders Be Trusted?
Friday, September 16, 2011 - 1:55pm | 311Read More...My colleague, Steven Anfield, wrote an article yesterday asking if the European traders can be trusted. Clearly, there have been a few notable cases, in which a rogue trader has managed to blow a huge hole in certain banks' balance sheets, but those are minor incidents compared to what the American...
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Trading Goldman Sachs Today (GS, AIG, BRK-A, AMD)
Wednesday, March 23, 2011 - 11:51am | 234Read More...Goldman Sachs Group (NYSE: GS) shares are well off the lows of the session, down $1.08 to $159.71, a loss of 0.67%, as CEO Lloyd Blankfein is currently testifying for the government in the Raj Rajatratnam insider trading case. Goldman Sachs looks like it may turn positive, as the S&P and the...
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Shocking Insider Trading Accusations Against Former Goldman Sachs Board Member (GS)
Tuesday, March 1, 2011 - 1:06pm | 288Read More...The SEC has just unveiled a case against Rajat Gupta, who is a former board member of Goldman Sachs (NYSE: GS) and Procter & Gamble (NYSE: PG). The SEC is alleging that Gupta tipped off billionaire hedge fund manager Raj Rajaratnam about a capital injection from Berkshire Hathaway (NYSE:BRK.B)...
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Rajat Gupta Arrested On Insider Trading (GS, BRK-A, PG)
Tuesday, March 1, 2011 - 12:49pm | 171Read More...Ex-Goldman Sachs (NYSE: GS) board member Rajat Gupta has been arrested on an insider trading case, giving hedge fund manager Raj Rajaratnam information that's been deemed illegal. Rajaratnam, who managed the Galleon fund, made over $900,000 in profits after Gupta tipped Rajaratnam off over the...
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Overweight Rating for Qualcomm (QCOM)
Thursday, July 22, 2010 - 12:58pm | 99Read More...Rod Hall, James M Kisner and Rajat Gupta, analysts at JPMorgan, recommend an Overweight rating for Qualcomm (NASDAQ, QCOM), a provider of digital wireless telecommunications products. The stock has been trading at $36.16 and the target price is $40.50. The company beat analysts’ estimates in its...
