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U.S. Taxpayers Helping Goldman Sachs Move in to Gleaming Tower, Too

Posted Dec 21st 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Goldman Sachs Group (GS)

This is one of those actions that, in retrospect -- a retrospect no one could have anticipated, by the way -- looks like a problematic decision.

Goldman Sachs (GS) is set to move into a gleaming, new office tower in Lower Manhattan, adjacent to the World Trade Center/Freedom Tower site.

The $2.3 billion steel-and-glass skyscraper was given a Liberty Bond tax break that allowed it to sell tax-free bonds to support the tower's construction. Liberty Bonds were created following the September 11, 2001 terrorist attack, as a way to help keep large-employer and finance-related companies in Lower Manhattan, Bloomberg News reported Monday.

Continue reading U.S. Taxpayers Helping Goldman Sachs Move in to Gleaming Tower, Too

Time Warner Weekly Wrap Up

Posted Aug 26th 2006 9:32PM by Victoria Erhart (RSS feed)
Filed under: After the Bell, Competitive Strategy, Time Warner (TWX)

Time Warner closed at $16.42, down .01 at end of regular trading, but up .08 in after hours trading. The stock ended the week exactly where it began: $16.50.

This flat result came despite the fact that Time Warner announced several important strategies for the immediate future of AOL Video as a premier video search and view destination. Viewers will be able to access a virtually limitless array of amateur videos and video clips, as well as hundreds of hours of TV programming on demand. Additionally, AOL will offer downloadable movies on demand from 20th Century Fox, Sony, NBC Universal, and Time Warner's own Warner Brothers. Time Warner beat both Apple Computer Inc. and Amazon.com to the punch for video accessibility. Yet investors continue to flame Time Warne's efforts while Apple's lithium-ion battery powered notebooks are the fire hazard.

Time Warner unit CNN announced that on the five-year anniversary of the terrorist attacks on the World Trade Center and the Pentagon, it will make available free of charge replays of its coverage of events on September 11, 2001. CNN Pipeline will provide live coverage of memorial services at Ground Zero in NYC and DC. Viewers can also access the replay feed of 9/11/2001 from 8:30 A.M. until midnight. For those still unable to watch events of 9/11/2001, CNN will also have a number of interactive but less graphic elements on its site.