Morgan Stanley, Banks Agree on Loan Derivative Trading Rules, ISDA Says

(Bloomberg) -- Banks including Morgan Stanley,
JPMorgan Chase & Co. and Goldman Sachs Group Inc. published
rules for credit-default swaps on loans in Europe, ending an
impasse that reduced trading for the past nine months.

The contracts, used to speculate on the ability of
companies to repay their loans, will follow U.S. guidelines and
transfer to new debt when a company refinances, the
International Swaps & Derivatives Association said today in an
e-mailed statement. The buyer and seller can still agree to
follow current rules in Europe instead, and allow the loan
credit-default swaps to be canceled when the reference company
refinances, ISDA said.


Read more at Bloomberg Bonds News

Tyco Electronics Group S.A. to sell $1.5 bln notes

(Reuters) - The joint lead managers on the sale are UBS Investment Bank
and Goldman Sachs.




Read more at Reuters.com Bonds News

Goldman to build second Jersey City tower

(Reuters) - NEW YORK, July 19 - Goldman Sachs Group , the world's largest investment bank, said on Thursday it is building a third office tower in the New York City area to accommodate rapid growth in its staff. Goldman on Wednesday received approval from Jersey City, New Jersey, to build a 30-story, $560 million office building on property directly across the Hudson River from lower Manhattan. The firm already has a 42-story, $1.3 billion Jersey City tower, and is building a new 42-story headquarters in the Battery Park City area of lower Manhattan.



Goldman has grown at an explosive rate since its 1999 initial public offering, and its need for space has increased. Total employees have nearly tripled to 26,000 from 9,000 in that time, with 13,000 based in the New York City region.


Read more at Reuters.com Bonds News

Goldman, JPMorgan Get Saddled With LBO Debt They Can't Sell to Investors

(Bloomberg) -- Goldman Sachs Group Inc., JPMorgan
Chase & Co. and the rest of Wall Street are stuck with at least
$11 billion of loans and bonds they can't readily sell.

The banks have had to dig into their own pockets to finance
parts of at least five leveraged buyouts over the past month
because of the worst bear market in high-yield debt in more than
two years, data compiled by Bloomberg show.


Read more at Bloomberg Bonds News

Dubai stock market owner to bid for OMX: report

(Reuters) - Nasdaq's cash and stock offer was worth $3.7 billion when made in May and valued OMX at 208.1 crowns per share.




Bankers at UBS and Goldman Sachs are understood to have been asked to be on standby to launch a bid for OMX on behalf of the DIFC as early as next week, the website said.


Read more at Reuters.com Business News

Walt Disney sells $1.1 billion in 2 parts - lead

(Reuters) - The sale included $750 million in three-year floating-rate notes with a coupon rate of 0.07 percentage point over the three-month London interbank offered rate and $350 million in 10-year notes priced to yield 0.90 percentage point over Treasuries.



BNP Paribas, Goldman Sachs and J.P. Morgan were the other joint lead managers of the sale.


Read more at Reuters.com Bonds News

Fannie Mae sells $4 bln 2-year benchmark notes

(Reuters) - The other lead managers on the sale were Barclays and
Goldman Sachs.




Read more at Reuters.com Bonds News

Corporate Bond Risk May Soar in Europe on Subprime Losses, UniCredit Says

(Bloomberg) -- Corporate bond risk may soar in
Europe as the fallout from the U.S. subprime mortgage defaults
spread, according to UniCredit SpA, Italy's largest bank.

Goldman Sachs Group Inc., the world's biggest securities
firm, yesterday said the value of its collateralized debt
obligations, securities backed by bonds and loans, dropped $1.56
billion, or 29 percent, to $3.79 billion in the second quarter.
Goldman's fixed-income revenue fell 24 percent because of home
loan delinquencies, the New York-based firm bank said in its
quarterly filing with the Securities and Exchange Commission.


Read more at Bloomberg Bonds News

UPDATE 2-AT&T says to buy Dobson for $2.8 billion

(Reuters) - NEW YORK, June 29 - U.S. telecommunications
company AT&T Inc. said on Friday it will buy rural
wireless carrier Dobson Communications Corp. for $2.8
billion in cash to expand its reach in rural and suburban
markets.




The deal comes a month after the top U.S. rural wireless
provider, Alltel Corp. accepted a $25 billion takeover
offer from TPG Capital and the buyout arm of Goldman Sachs, the
largest private equity deal for the telecommunications
industry.


Read more at Reuters.com Mergers News

CCS Income Trust to go private in C$3.5 bln bid

(Reuters) - CCS units last traded at C$37.89 on the Toronto Stock
Exchange, representing a 21-percent premium.




The investor group, headed by Werklund, includes, CAI
Capital Partners, Goldman Sachs Capital Partners, Kelso & Co.,
Vestar Capital Partners, British Columbia Investment Management
Corporation and O.S.S. Capital Management L.P.


Read more at Reuters.com Mergers News

Dollar General sells $1.9 bln in 2 parts - source

(Reuters) - Goldman Sachs, Citigroup Global Markets, Lehman Brothers
and Wachovia Securities were the joint lead managers of the
sale.




Read more at Reuters.com Bonds News

U.S. Foodservice postpones LBO financing: sources

(Reuters) - It was not clear whether the two intend to finance their LBO by bridge loans that have been provided by Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and RBS Securities.



U.S. Foodservice was in the process of raising a $3.36 billion bank loan and a $650 million high yield bond offering.


Read more at Reuters.com Mergers News

Lehman Hires Goldman's Frase, Salameh for Energy Trading Desk, People Say

(Bloomberg) -- Lehman Brothers Holdings Inc., the
fourth-biggest U.S. securities firm, hired Jeff Frase and Roy
Salameh from Goldman Sachs Group Inc. for the bank's energy
desk, according to three people with knowledge of the situation.

Frase will be the global head of oil trading at the New
York-based bank, according to the people, who declined to be
identified because he hasn't yet started work. Salameh will be
head of energy sales for North America, they said. Mark Lane, a
London-based spokesman for Lehman, declined to comment.


Read more at Bloomberg Energy News

US STOCKS-Wall St rises on energy gains, growth optimism

(Reuters) - NEW YORK, June 14 - U.S. stocks advanced on
Thursday as rising oil prices sent shares of energy companies
including Exxon Mobil Corp. higher, offsetting
disappointment over profit reports from Bear Stearns
and Goldman Sachs .




Exxon shares led advances on both the Dow and the S&P 500
as U.S. crude for July delivery rose 1.4 percent to
$67.19 a barrel on fresh supply concerns.


Read more at Reuters.com Bonds News

U.S. Energy, Financial Shares Gain; S&P 500 Index Rises for a Second Day

(Bloomberg) -- Energy and financial shares rallied
on prospects for higher earnings, carrying the U.S. stock market
to a second consecutive gain.

Exxon Mobil Corp., the largest crude producer, helped lift
the Standard & Poor's 500 Index and Dow Jones Industrial Average
after oil prices rebounded. Morgan Stanley, Lehman Brothers
Holdings Inc. and Goldman Sachs Group Inc. climbed on
expectations new securities regulations will help bolster the
banks' earnings in the second half of 2007.


Read more at Bloomberg Stocks News

U.S. Stocks Climb on Takeovers; S&P 500 Index Heads Toward Record Close

(Bloomberg) -- U.S. stocks climbed and the Standard &
Poor's 500 Index rose above its highest close after $43.2 billion
of announced deals extended this year's record pace of mergers
and acquisitions.

General Electric Co., Exxon Mobil Corp. and Merck & Co. led
the S&P 500 above its March 24, 2000, peak and sent the Dow Jones
Industrial Average to its 25th record this year. Alltel Corp.
rallied to its highest in almost eight years after Goldman Sachs
Group Inc. and TPG Inc. agreed to buy the fifth-biggest U.S.
wireless company for $24.7 billion.


Read more at Bloomberg Stocks News

Canadian Dollar May Rise to 1.04 on Elliott Wave, Goldman's Edgeley Says

(Bloomberg) -- The Canadian dollar may strengthen to
1.04 against the U.S. currency after reaching a 30-year high on
May 18, said Kevin Edgeley, a technical analyst at Goldman Sachs
Group Inc., citing charts that predict price movements.

The 1.04 level is the Canadian dollar's resistance on an
Elliott Wave that began in 1975, Edgeley wrote. Elliott Wave
Theory, created by Ralph Elliott in 1938, tries to predict future
price movements in a security by dividing past movements into
waves and calculating changes in value.


Read more at Bloomberg Currencies News

REFILE-Four private equity firms eye ASE buyout- paper

(Reuters) - New potential buyers are Kohlberg Kravis Roberts , Blackstone, Texas Pacific Group and Goldman Sachs, the Commercial Times said, citing unnamed sources.

ASE, the world's biggest chip packaging and testing firm, said Carlyle's bid did not reflect its value. A company spokesman said it was not now in talks with other private equity firms.


Read more at Reuters.com Mergers News

De Benedetti's M&C consortium scraps Alitalia bid

(Reuters) - M&C and partners private equity firm Cerberus Capital Management [CBS.UL] and ELQ Investors of U.S. investment bank Goldman Sachs had been on the shortlist of potential bidders for the government's stake in Alitalia.

It gave no reason for its withdrawal, but on March 22 De Benedetti had said M&C was pulling out of the due diligence process due to objections from Goldman Sachs and Cerberus to a one-year trading ban on Alitalia shares imposed by the Treasury.


Read more at Reuters.com Mergers News

Nikkei slips but chip stocks gain ground

The Nikkei share average slipped 0.23 percent on Thursday as some exporters such as auto parts maker Denso Corp. were hit again by concern about slowing economic growth in the key U.S. market.

But chip-related stocks gained ground after brokerage Goldman Sachs raised its rating on Toshiba Corp. to "buy", saying prices of NAND flash memory will likely bottom out in the current quarter.

Read more at Reuters.com