Home AboutUs Exhibition
Info
News
Center
Exhibitor
Manual
Cost of
Participation
Floor
Plan
Exhibition
Retrospect
Media
Support
Contact Chinese
 News Type
Exhibition News
Industry News
Company News
Media reports
 New Detail
     
Goldman Sachs is planning to ditch a Warren Buffett-owned news wire for earnings releases- THE 17th Guangzhou International Platemetal, bar, wire, metal processing & setting equipment exhibition
10/8/2015  bar, wire, metal processing&setting equipment expo
---------------------------------------------------------------------------------------------------------------
    

When Goldman Sachs announces its third-quarter earnings on October 15, it is planning to do so with a release on its own website and a tweet linking to the release.

It does not plan to release its results on Business Wire as it did in the second quarter, however, according to people familiar with the matter.

Business Wire plans to talk to Goldman Sachs about the changes, according to one person, and it may convince the New York-based bank to change its mind.

Goldman has not ruled out using Business Wire in the future. In July, it used Business Wire to announce the date for the release of its third-quarter results. Business Wire is a unit of Warren Buffett''s Berkshire Hathaway.

But the plan highlights growing concerns around the dissemination of quarterly results and company news.

Federal authorities made arrests in August in a case involving an alleged insider-trading ringthat hacked several thousand press releases containing market-moving information. The victim newswires included PRNewswire, Marketwired, and Business Wire.

Business Wire later sent a memo to members stating that government investigators had asked Business Wire about less than 85 releases, and highlighting that none of the specific examples listed in the indictments and SEC complaint connected to the case were Business Wire releases. 

They have also been cases where earnings have been released ahead of schedule. 

In April, Twitter blamed Nasdaq for its premature earnings leak.  

And in October, shareholder.com released JP Morgan Chase''s Q3 2014 results more than three hours early, an incident that was attributed to "human error."

Goldman appears to have decided to take matters into its own hands. 



金属板材展-棒材展-线材展-金属加工展-2016第十七届广州国际金属板材、棒材、线材及金属加工、配套设备展—全球三大金属展之一巨浪展览 - THE 17th Guangzhou International Platemetal, bar, wire, metal processing & setting equipment exhibition 

Copyright © 1996-2023  JULANG.COM.CN Stone Rich Sight. All Rights Reserved
Add:Room 3A05-3A06,Building A1,Xinghui Park,Huaming Road 29,Pearl River New City,Guangzhou,510623,China