Mergers and Acquisitions

Goldman Sachs' 2Q profit up 44 pct; CEO Blankfein to retire

Goldman Sachs says profits jumped 44 percent in the second quarter compared with a year ago, driven by the investment bank's core franchises: advising companies on mergers, acquisitions and other deals, and its trading business.

Commerce's Ross selling stock in response to ethics concerns

Commerce Secretary Wilbur Ross says he is selling off all his vast stock holdings after news reports raised questions about the timing of some of his stock transactions and he received a sharp reprimand from the chief federal ethics officer.

CEO of Puerto Rico's bankrupt power company abruptly resigns

The CEO of Puerto Rico's bankrupt power company resigned on Wednesday just months after he was chosen to oversee its privatization as the U.S. territory struggles to restore electricity to the last of those who remain in the dark nearly 10 months after Hurricane Maria.