gold

Diageo To Sell 19 Brands To Sazerac For USD 550 Million

Diageo To Sell 19 Brands To Sazerac For USD 550 Million

Diageo PLC (NYSE: DEO), struck a deal with U.S- based Sazerac, to sell 19-lower end spirits brands for USD 550 Million. This allows the British-based beverage Company to focus on its high-end labels like Johnnie Walker in the U.S. These lower-e..

A Gold Mining Behemoth Formed with Barrick Purchasing Rangold

A Gold Mining Behemoth Formed with Barrick Purchasing Rangold

Canada’s Barrick Gold Corporation (NYSE: ABX) has agreed to buy Randgold Resources Ltd. (NASDAQ: GOLD) for an estimated USD 5.4 Billion.This purchase is the biggest gold deal of the last three years, but this deal doesn’t come without it..

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Reports Better-than-expected Q2 Earnings

Goldman Sachs Group Inc. (NYSE: GS) on Tuesday reported better-than-expected revenue and earnings as the Company also named a new CEO.  The Company said net revenue rose 19% to USD 9.4 Billion in the second quarter ended June 30, 2018, beating ..

Buffett Proposed $3 Billion Uber Investment but Deal Crumbled

Buffett Proposed $3 Billion Uber Investment but Deal Crumbled

Earlier this year, Warren Buffet, one of the most successful investors of all time, proposed a $3 billion investment in Uber Technologies Inc. However, due to the disagreements over the terms and sum of the deal, their negotiation fell apart. Buffet..

Financial Advisers Warn Investors Against Investing in Speculative Assets

Financial Advisers Warn Investors Against Investing in Speculative Assets

SuperInvestor Seth Klarman once said that investments are assets that buy goods and services. In other words, they produce cash flow. This undercuts several commodities that consumers usually consider as investments. This includes gold and handbags...

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Announces David Solomon as Next Sole CEO

Goldman Sachs Group Inc. (NYSE: GS) announced on Monday that David Solomon, current co-President, to replace Chief Executive Officer Lloyd Blankfein, as Harvey Schwartz, Goldman’s other co-President and co-Chief Operating Officer, will retire ..