1. Bad News

    Goldman Sachs ‘Underperforms’

    FILE - Goldman Sachs CFO David A. Viniar is watched on a television in the Goldman Sach booth on the floor of the New York Stock Exchange, in this April 27, 2010 file photo taken in New York. Britain's financial regulator hit Goldman Sachs International with a 17.5 million pounds ($27 million) fine on Thursday Sept. 9, 2010 for failing to notify U.K. authorities about an investigation in the United States. (AP Photo/Richard Drew, File)

    Richard Drew / AP Photos

    Goldman Sachs posted a disappointing second-quarter profit of $1.05 billion, or $1.85 per share—another sign of the company’s struggles to regain its footing in the post-financial-crisis world. The performance was below analysts’ expectations of $2.27 per share. Goldman’s chief financial officer, David Viniar, said, “I don’twant to sugarcoat it, we underperformed.” However, the performance was still better than the same period a year ago, when Goldman reported a profit of just $453 million.

    Read it at The New York Times