Author: InvestAdvocate

Goldman profit slides, disappoints investors

By Jonathan Stempel  NEW YORK (Reuters) – Goldman Sachs Group Inc posted a 53 percent decline in quarterly profit as trading revenue tumbled, spoiling hopes that Wall Street’s most influential bank might buck a volatile climate that has hurt rivals such as Citigroup Inc.   Goldman, long known for generous payouts to employees, also said compensation would […]

Google rivals quizzed by EU on search competition

By Agency Reporter Wednesday, 19 Jan 2011 Google Incorporated’s smaller rivals were asked by European regulators investigating the company’s business practices whether they were prevented from competing more broadly with the world’s largest search engine. Specialised “vertical search” services were asked if they had considered adding extra products to compete head-to-head […]

Google rivals quizzed by EU on search competition

By Agency Reporter Wednesday, 19 Jan 2011 Google Incorporated’s smaller rivals were asked by European regulators investigating the company’s business practices whether they were prevented from competing more broadly with the world’s largest search engine. Specialised “vertical search” services were asked if they had considered adding extra products to compete head-to-head […]