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Tesla chair testifies she would have quit if Musk had lied in 2018 tweets

Tesla chair testifies she would have quit if Musk had lied in 2018 tweets By Hyunjoo Jin and Jody Godoy SAN FRANCISCO, Jan 27 (Reuters) - The board chair of Tesla Inc TSLA.O defended CEO Elon Musk in a securities fraud trial on Friday, telling jurors that she would have quit as a director if she had thought Musk lied by tweeting in 2018 that he had "funding secured" to take Tesla private.
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Goldman cuts U.S. gas price forecasts on stocks build, warmer weather

Goldman cuts U.S. gas price forecasts on stocks build, warmer weather Jan 27 (Reuters) - Goldman Sachs reduced its expectations for U.S. natural gas prices as warmer weather and stagnating export capacity add to higher-than-usual inventories, with the market entering a bearish cycle this year and the next. The Wall Street bank on Friday lowered its forecast for Summer-2023, Winter-2023-24, and Summer-2024 natural gas futures on the New York Mercantile Exchange to $3.7, $3.6, and $3.2 per metric
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U.S. Henry Hub natgas price forecasts, 2023 to slide to 2-year low

FACTBOX-U.S. Henry Hub natgas price forecasts, 2023 to slide to 2-year low Jan 27 (Reuters) - U.S. natural gas prices at the Henry Hub benchmark in Louisiana will average $4.37 per million British thermal units (mmBtu) in 2023, their lowest since 2021, before falling to $4.14 in 2024, according to analyst forecasts. That compares with a 14-year high of $6.42 per mmBtu in 2022, a 25-year low of $2.03 in 2020 due to coronavirus demand destruction and a five-year average (2018-2022) of $3.62. In 20
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U.S. natgas jumps 6% in low volume trade ahead of contract expiration

UPDATE 1-U.S. natgas jumps 6% in low volume trade ahead of contract expiration Adds latest prices, context Jan 27 (Reuters) - U.S. natural gas futures jumped about 6% on Friday from a 20-month low in the prior session as late buying during a low-volume day ahead of the expiration of the February contract caused prices to swing wildly from negative to positive several times in the last half hour of trade.
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Goldman cuts Solomon, and his pay, down to size

BREAKINGVIEWS-Goldman cuts Solomon, and his pay, down to size The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, Jan 27 (Reuters Breakingviews) - Chief executives: they’re just another member of the team. Or at least that is the apparent message Goldman Sachs GS.N is trying to send by slashing boss David Solomon’s pay by a third for 2022, to $25 million.
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Goldman Sachs CEO touts bank performance as some investors balk

UPDATE 1-Goldman Sachs CEO touts bank performance as some investors balk Updates with CEO compensation By Lananh Nguyen and Saeed Azhar NEW YORK, Jan 27 (Reuters) - To listen to Goldman Sachs Group Inc GS.N Chief Executive David Solomon, the bank is doing "great," while skeptical investors wonder what comes next. Days after Goldman reported disappointing profits that sent shares tumbling 6%, and months after it stepped back from a money-losing foray into Main Street banking, Solomon sat for an i
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Goldman Sachs slashes CEO Solomon's pay 29% to $25 million

UPDATE 2-Goldman Sachs slashes CEO Solomon's pay 29% to $25 million Updates with earnings, CEO interview By Lananh Nguyen NEW YORK, Jan 27 (Reuters) - Goldman Sachs Group Inc. GS.N slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday. Solomon's pay comprises a $2 million base salary, $6.9 million cash bonus and $16.1 million in restricted stock.
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Goldman Sachs among investors interested in financing Italy's Serie A - sources

Goldman Sachs among investors interested in financing Italy's Serie A - sources MILAN, Jan 27 (Reuters) - Goldman Sachs GS.N is one of various fund and bank investors that have expressed interest in financing the growth of the media business of Italy's top-flight soccer league, two people with knowledge of the matter said on Friday. The two people said Goldman Sachs had come forward in October, but news of its interest emerged only after Reuters reported on Thursday rival U.S.
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Goldman Sachs Says CEO David Solomon's Total Annual Compensation For 2022 Is $25 Mln

BRIEF-Goldman Sachs Says CEO David Solomon's Total Annual Compensation For 2022 Is $25 Mln Jan 27 (Reuters) - Goldman Sachs Group Inc GS.N : GOLDMAN SACHS SAYS CEO DAVID SOLOMON'S TOTAL ANNUAL COMPENSATION FOR 2022 IS $25 MILLION GOLDMAN SACHS - SOLOMON’S TOTAL ANNUAL COMPENSATION FOR 2022 CONSISTS OF AN ANNUAL BASE SALARY OF $2 MILLION, UNCHANGE
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Goldman Sachs slashes CEO David Solomon's pay by 29% to $25 million

Goldman Sachs slashes CEO David Solomon's pay by 29% to $25 million NEW YORK, Jan 27 (Reuters) - Goldman Sachs Group Inc. GS.N slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday. The compensation, which is Solomon's lowest since taking the helm in 2018, comprises a $2 million base salary, $6.9 million cash bonus and $16.1 million in restricted stock.
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While Dr Copper waits for China, China buys more copper: Andy Home

COLUMN-While Dr Copper waits for China, China buys more copper: Andy Home By Andy Home LONDON, Jan 27 (Reuters) - Doctor Copper has started the new year with a fresh spring in his step as investors bet on a powerful demand boost from China's post-COVID reopening. London Metal Exchange (LME) three-month metal CMCU3 is currently trading at $9,345, up 12% on the start of January, with funds jumping back into copper as a proxy for the China recovery story.
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Goldman Sachs CEO touts bank performance as some investors balk

Goldman Sachs CEO touts bank performance as some investors balk By Lananh Nguyen and Saeed Azhar NEW YORK, Jan 27 (Reuters) - To listen to Goldman Sachs Group Inc GS.N chief executive David Solomon, the bank is doing "great," while skeptical investors wonder what comes next. Days after Goldman reported disappointing profits that sent shares tumbling 6%, and months after it stepped back from a money-losing foray into Main Street banking, Solomon sat for an interview with Reuters in Davos, Switzer
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New York Times business news - Jan 27

PRESS DIGEST-New York Times business news - Jan 27 Jan 27 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - A U.S. federal judge in California has temporarily blocked enforcement of a new state law allowing regulators to punish doctors for spreading false or misleading information about COVID-19 vaccinations and treatments to their patients.
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Stripe hires Goldman, JP Morgan to explore listing and private share sale - sources

UPDATE 1-Stripe hires Goldman, JP Morgan to explore listing and private share sale - sources Add background By Krystal Hu, Sneha Bhowmik and Juby Babu Jan 26 (Reuters) - Digital payments firm Stripe has hired Wall Street banks Goldman Sachs GS.N and JP Morgan JPM.N to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters.
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Stripe hires Goldman, JP Morgan to explore listing, sources say

Stripe hires Goldman, JP Morgan to explore listing, sources say Jan 26 (Reuters) - Digital payments firm Stripe has hired Wall Street banks Goldman Sachs GS.N and JP Morgan to explore a public listing, two sources familiar with the matter told Reuters. The company is also considering a private market raise to provide liquidity for employees, the sources said.
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U.S. yields up as GDP, labor data point to economic resilience

TREASURIES-U.S. yields up as GDP, labor data point to economic resilience Adds details on auction, updates prices By Davide Barbuscia NEW YORK, Jan 26 (Reuters) - U.S. Treasury yields rose on Thursday after data showed resilience in the U.S. economy, potentially strengthening the case for the Federal Reserve to maintain its hawkish posture in coming months as it seeks to cool inflation.
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BofA promotes 360 employees to managing directors in diversity push - source

BofA promotes 360 employees to managing directors in diversity push - source Jan 26 (Reuters) - Bank of America Corp BAC.N has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, a source familiar with the matter told Reuters on Thursday. Wall Street firms have increasingly sought to fill positions with candidates from diverse backgrounds since the death of George Floyd, a Black man, in 2020 fueled global protests and discussions on ra
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U.S. yields edge higher as GDP, labor data point to economic resilience

TREASURIES-U.S. yields edge higher as GDP, labor data point to economic resilience Adds details, prices, quotes By Davide Barbuscia NEW YORK, Jan 26 (Reuters) - U.S. Treasury yields rose on Thursday after economic d ata showed resilience in the U.S. economy, potentially strengthening the case for the Federal Reserve to maintain its hawkish posture in coming months as it seeks to cool inflation.
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Canada expected to buck trend of big investment banking layoffs

Canada expected to buck trend of big investment banking layoffs By Maiya Keidan TORONTO, Jan 26 (Reuters) - Some of Canada's top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups and downs of business cycles, head hunters and industry executives said. U.S. investment banks, including Goldman Sachs GS.N , began cutting over 3,000 employees on Jan.
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Goldman Sachs Indirectly Holds 8.61% Of Orpea's Capital

BRIEF-Goldman Sachs Indirectly Holds 8.61% Of Orpea's Capital Jan 26 (Reuters) - Autorité des Marchés Financiers: GOLDMAN SACHS GROUP INC. INDIRECTLY HOLDS 8.61% OF ORPEA'S CAPITAL AND 7.17% OF VOTING RIGHTS FOLLOWING SHARE PURCHASE OUTSIDE MARKET Source text: https://bit.ly/402oETZ Further company coverage: ORP.PA (Gdansk Newsroom)
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