Goldman Sachs mulls stock sale to repay TARP money: report
(Reuters) - Goldman Sachs Group Inc is considering making a multibillion dollar share offering to investors as part of its efforts to repay a $10 billion government loan, the Wall Street Journal reported citing people familiar with the matter.
The announcement could be made as early as next week and though Goldman executives haven't determined the exact size of the offering, it is expected to be at least several billion dollars, the people told the Journal.
A final decision hasn't been taken and will be based partly on market conditions, the Journal reported.
Goldman Sachs, which is due to report its quarterly earnings on Tuesday, is one of several recipients of the U.S. government's Troubled Asset Relief Program investment and plans to repay the money as soon as possible.
Goldman Sachs could not be reached immediately for comments.
(Reporting by Sweta Singh in Bangalore; Editing by Vinu Pilakkott)
NEW YORK - U.S. stocks were little changed on Wednesday amid signs of progress in diplomatic attempts to ease tensions in Ukraine and as investors shrugged off concern over weakness in the Chinese economy.
HELSINKI - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.