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In this article GS Follow your favorite stocks CREATE FREE ACCOUNT Goldman Sachs' Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. Denis Balibouse | Reuters Goldman Sachs CEO David Solomon is planning his third major corporate reorganization since assuming control of the bank in late 2018, according to people with knowledge of the plan. The bank's four main divisions will be combined into three, with trading and investment banking forming Goldman's largest and most important division from a revenue perspective, said the people, who declined to be identified before the plan is formally disclosed. Goldman's money-losing consumer finance operations will be split between two new divisions, with parts of the Marcus-branded unit folded into a combined wealth and asset management business and other parts going into a division that focuses on corporate clients , the people said. T...

China's President Xi Jinping kicks off the ruling party's 20th National Congress — held once every five years — with an opening speech at the Great Hall of the People in Beijing on Oct. 16, 2022. The week-long event is expected to pave the way for him to stay on for an unprecedented third five-year term. Noel Celis | AFP | Getty Images BEIJING — Chinese President Xi Jinping said China reserves the option of "taking all measures necessary" against "interference by outside forces" on the issue of Taiwan. In a wide-ranging speech Sunday, Xi spoke firmly about China's resolve for reunification with the self-governed island, which Beijing considers part of its territory. He was speaking at the opening ceremony of the ruling Communist Party of China's 20th National Congress, held once every five years. "We will continue to strive for peaceful reunification with the greatest sincerity and the utmost effort," Xi said in Chinese, according to an...

In this article OXY BRK.A Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett's Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 7% on the news, pushing its 2022 gains to more than 140%. On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the oil company&#x27 ;s common stock in secondary market transactions. The conglomerate argued that a maximum 50% stake wouldn't hurt competition or diminish regulatory authority. Carlos Clay, acting director of division of electric power regulation, granted the permission Friday, saying authorization was "consistent with the public interest." The conglomerate has already increased its Occidental stake drastically this year. Berkshire currently owns 188. 5 million shares of Occidental, equal to a 20.2% position. It...