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Reid Hoffman: LinkedIn will go public (at some point)

Look for a LinkedIn IPO, but not in the near future. Company co-founder and executive chairman Reid Hoffman has revealed his (and his investors') exit strategy, even if it could take a while to get there. Any social media company IPO would take a while to get off the ground in this market, since companies are being incredibly cautious. So, "not anytime soon" could coincide with a change in market conditions ... but Hoffman stopped well short of that.

At an event in London to celebrate LinkedIn's hitting the 3 million user mark in Britain, Hoffman said about the company's IPO prospects, "Probably at some point a balance will occur when that's the right thing. That will not occur in the near term." Worldwide, LinkedIn has 53 million members.

Continue reading Reid Hoffman: LinkedIn will go public (at some point)

Entrepreneur's Journal: Want to get a piece of the Buffett/Goldman honeypot?

With the credit crunch and the implosion of CIT, the environment for small business financing has been downright hostile. Basically, many owners have given up on things and instead have focused on creative ways to boost cash flows.

So in light of all this, the announcement of the $500 million small-business plan from Goldman Sachs (GS) and Warren Buffett certainly was an eye-opener. Perhaps your business can get a piece of the action?

Well, the details are fairly sketchy. But here's at when we know so far:

Continue reading Entrepreneur's Journal: Want to get a piece of the Buffett/Goldman honeypot?

Goldman Sachs shareholders want less bonuses, more of the profit

According to The Wall Street Journal, some of Goldman Sachs's (GS) largest shareholders are petitioning the company to lower the size of its bonus pool. These shareholders feel that GS should be passing along more of its earnings to investors. According to "people familiar with the situation," these investors hold "tens of millions" of GS shares and are complaining in private conversations at GS's annual analyst meetings.

With GS raking in record net income and compensation, the shareholders believe that the benefits should be shared among them rather than in compensation and benefit for the employees. The shareholders are also concerned about a minute change in the firm's financial statements regarding how the company counts the number of employees.

Continue reading Goldman Sachs shareholders want less bonuses, more of the profit

Buffett and Goldman pump $500 million into small businesses

If anything, the financial implosion has been a boon for Goldman Sachs (GS), which has posted record-breaking profits and bonuses. The turmoil has also been nice to billionaire investor, Warren Buffett, who is snapping up juicy deals.

Unfortunately, millions of Americans remain unemployed. What's more, small businesses continue to suffer, as sales are tough to grow and financing is almost impossible.

With this in mind, Buffett and Goldman have teamed up for something unique -- that is, to launch a $500 million program to promote small businesses in the U.S.

Continue reading Buffett and Goldman pump $500 million into small businesses

Cramer on BloggingStocks: This frustrating new market

TheStreet.com's Jim Cramer says there is as extreme an aversion to discipline as he can recall.

If you want to know why it is so frustrating to be buying stocks up here think no further than the Goldman Sachs (GS) (Cramer's Take) push into the high-end retail stocks, a push that, even as flexible and chameleon-like that I am, I find flabbergasting.

All year the trade has been to be buying the recovery stocks, the companies that sell the most expensive goods, and abandon the dollar stocks which peaked last year in the midst of the worst recession since the 1930s. It was plain as day.

Continue reading Cramer on BloggingStocks: This frustrating new market

rue21 tries on an IPO

The teen market can be extremely difficult and competitive, especially with the fickle changes in tastes. But, rue21 has been able to beat the odds and as a result, has become a strong growth company.

To continue the momentum, rue21 launched its IPO today. The company issued 6.77 million shares at $19 each (the price range was $16 to $18). The lead underwriters included BofA Merrill Lynch (BAC), Goldman Sachs (GS) and J.P.Morgan (JPM).

Interestingly enough, rue21 has a spotty past. Keep in mind that in 2002 the company filed for bankruptcy. However, a new management team has certainly made the right moves to get things back on track.

Continue reading rue21 tries on an IPO

Dollar General goes retail on Wall Street

Dollar General Store (DG) started as a wholesaler in 1939 and then became a retailer in 1955, when the company setup its first store. Since then, the company has grown rapidly. Now, Dollar General is the largest discount retailer in the U.S. -- that is, in terms of the number of stores (which is currently at 8,577).

A few years ago, Dollar General went private, with the backing of KKR, Citi (C), Goldman Sachs (GS), Wellington Management and the Canada Pension Plan Investment Board. It was at the height of the buyout boom, with a price tag of $7.3 billion. Only $2.8 billion was in equity.

Continue reading Dollar General goes retail on Wall Street

Chasing Value: Ten stocks for 2010 -- Part 2

The clock is ticking away the time before the year ends and I have only begun to sort out the possibilities. In Part 1 of this series, I discussed breaking up my potential picks into three categories: contender, on the fence, and out of the running until the 10 stocks have been identified.

Four contenders have been considered so far: American Eagle Outfitters (AEO), Anadarko Petroleum (APC), Anglo American ADR (AAUKY) and Diageo plc (DEO).

Six more are included in today's review: EZCorp Inc. (EZPW), General Electric Company (GE), Wells Fargo & Company (WFC), Annaly Capital Management ( NLY), Intuitive Surgical Inc (ISRG) plus Berkshire Hathaway (BRK.B). These include the remaining five from 2009 and one more familiar to most investors.

Continue reading Chasing Value: Ten stocks for 2010 -- Part 2

Cramer on BloggingStocks: Investors are rethinking their snap judgments

TheStreet.com's Jim Cramer says that as numerous stories are mulled over anew, the reasons for selling seem silly.

The lack of important data today forces market participants to revisit stories that got tossed out over the last few weeks simply because of earnings ennui. People are now doubling back to see what they have forgotten, or more important, why they sold certain stocks they most likely shouldn't have.

For example, why did JPMorgan (JPM) (Cramer's Take) go from $47 to $44? Bad loans? Credit quality? No, not really. Nothing like that. Why did Goldman Sachs (GS) (Cramer's Take) go from $192 to the $170s? Some of it was Meredith Whitney, but there is also a sense of entitlement that makes the firm hated, as if somehow it is too much of a pariah to invest in.

Continue reading Cramer on BloggingStocks: Investors are rethinking their snap judgments

Goldman Sachs CEO Lloyd Blankfein pulls a Jeff Skilling in an interview

Goldman Sachs's (GS) normally reclusive CEO and noted theologian Lloyd Blankfein has been conducting an unprecedented number of interviewers of late to try to bolster the company's image.

Maybe they'd be better off if he crawled back into his shell.

In an interview with London's Sunday Times, Mr. Blankfein explained that Goldman Sachs is "doing God's work."

Continue reading Goldman Sachs CEO Lloyd Blankfein pulls a Jeff Skilling in an interview

Buffett's star shines brightest among world's financial gurus, poll shows

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

AIG recoups billions in collateral payments

A report in Thursday's The Wall Street Journal [subscription required] reveals that American International Group (NYSE: AIG) is actually reaping the benefits of its risky bets in the credit-default swap market.

AIG was forced to shell out billions to Wall Street banks amid last year's credit crisis, as the assets backed by the credit-default swaps plummeted in value. However, the market's reversal of fortune means that banking heavyweights, such as Goldman Sachs Group (NYSE: GS), are now returning collateral to the infamous insurance giant.

Continue reading AIG recoups billions in collateral payments

Housing market to dip again next year; Goldman says by 10%

If you've become comfortable with the current state of the housing market ... don't. Economists at Goldman Sachs (NYSE: GS) and Bank of America's Merrill Lynch (NYSE: BAC) say there's still plenty of risk in the housing market.

Alec Phillips, the head of Goldman's Washington office, said, "The risk of renewed home price declines remains significant." His "working assumption" is a drop of between 5% and 10% by the middle of next year.

Continue reading Housing market to dip again next year; Goldman says by 10%

Will Blackstone make magic with Merlin?

What has Blackstone (NYSE: BX) been doing with all those theme parks it's been buying? Well, the answer is becoming a bit clearer now. The private equity firm is getting ready to take theme park operator Merlin Entertainments public early next year.

Several investment banks have already been called to advise on the transaction, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS), and Nomura (NYSE: NMR). If all goes as planned, the deal could be good for $3.33 billion.

Continue reading Will Blackstone make magic with Merlin?

Morgan Stanley gets a profit and top spot for M&A

During the past year, Morgan Stanley (NYSE: MS) went from near-death to profitability. Yes, Wall Street can be extremely resilient.

In its latest quarterly report, Morgan Stanley posted a profit of $757 million, or $0.38 per share. This was far below the company's results in the same period a year ago, which came to $7.7 billion, or $6.97 per share (keep in mind there was a large one-time gain for this quarter).

Continue reading Morgan Stanley gets a profit and top spot for M&A

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Last updated: November 26, 2009: 01:20 PM

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