Oakland is currently paying $4 million a year in interest to Goldman Sachs for bonds at a locked-in rate that has them overpaying by millions compared current rates. City officials have said that needs to change.
Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initialpublic offering.
Goldman Sachs Group Inc. has prohibited U.S. investors from participating in a private offering expected to raise up to $1.5 billion for Palo Alto-based social networking site Facebook.
A reported investment by Goldman Sachs and a Russian investor of $500 million in Facebook is a further sign that the social networking behemoth is becoming a powerful force even outside tech circles.