It has been made certain that Goldman Sachs has downgraded Boston Scientific which resulted in their shares plummeting down by almost 2.8 per cent and went down to about $6.60 in the premarket trading on Tuesday and it is a notable fact that the stock of the Boston Scientific had closed on Monday at about $6.80 which recorded a slump of about 12.6 per cent.

The New York based firm Goldman Sachs Group Inc., in an announcement regarding a management shuffle on Friday, revealed that Marc Spilker 20 years Goldman’s old-hand, Co-Head of its Investment Management Division, will be replaced by Edward Forst. Marc Spilker, also a member of management committee is announced to be retiring.

Official reports have confirmed that for his performance in the year 2009, the Chairman and Chief Executive Officer of Goldman Sachs Group Inc., Lloyd Blankfein was awarded a bonus of $9 Million in stock. Over the past year, the profits of the group had managed to rise to hit an all-time high and value of the shares had doubled.

Speculations are the Goldman Sachs could soon be packing away from the UK sector. It has been reported that the bank is now weighing its options in the light of the many important tax and regulatory changes that the country's Government is introducing, especially the new tax on bankers' bonuses (50% of the total bonus awarded) and more tough banking regulations.

The U. S. Treasury blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs Group Inc. and Berkshire Hathaway Inc. on Friday after concluding that the deal was too costly for taxpayers.

A private equity fund managed by Goldman Sachs has plans to invest as much as $250 million in Geely Automobile, as per a media report.

Hong Kong-listed Geely Automobile is the arm of Chinese auto-manufacturer Geely Holding Group.

The deal could free up capital for Geely Automobile's parent company to make a bid for Ford Motor's Volvo unit.

For the first time in two decades, 21% stake in the company that runs the undersea tunnel between England and France will be offered to funds. Two funds handled by Goldman Sachs opted to convert their bonds in Groupe Eurotunnel into shares.

According to Goldman Sachs Group's stand-in statement, filed late Friday with the Securities and Exchange Commission (SEC), the investment bank's CEO Lloyd Blankfein received $1.11 million in total compensation for 2008, marking a substantial 98.4 percent drop from the year-before compensation of $70.3 million!

In an attempt to clarify "certain misperceptions" about Goldman Sachs' positions with AIG, David A. Viniar, Goldman's Chief Financial Officer reiterated at a Friday conference call that the company's direct losses would have been negligible even if AIG had not been rescued by the federal government.

The Wall Street Journal reported Thursday that Goldman Sachs Group Inc, in a probable joint venture with US private equity firm TPG, is considering making an investment in HeidelbergCement - an asset of Adolf Merckle, the late German billionaire.