Goldman exploring options for stake in Weinstein Co

Harvey Weinstein

Even before reports about Weinstein's alleged misconduct came to light, The Los Angeles Times says that the company was "already facing financial strains because of a lack of commercial hits and increasing competition in the indie cinema space".

Investigations are under way by police in NY and Britain.

The alternative is that The Weinstein Co would be shut.

"Our banks, partners and shareholders are fully supportive of our company and it is untrue that the company or board is exploring a sale or shutdown of the company", co-founder Bob Weinstein, Harvey's brother, said in an emailed statement.

"There is no place for the inexcusable behavior that has been reported, and we strongly condemn it", Williams said in a statement Friday.

Goldman Sachs helped finance the creation of The Weinstein Company back in 2005. Harvey Weinstein has been accused of harassing employees, aspiring actresses, and movie stars such as Gwyneth Paltrow, Angelina Jolie, and Ashley Judd over the course of three decades.

Missouri, Kansas discussing possible exhibition basketball game
Any remaining tickets from the schools' allotments will go on sale online only through sprintcenter.com starting at 10 a.m. The schools will split the 18,000 tickets available and each school's athletic department will handle sales.

Ensco Plc (ESV) Upgraded to "Neutral" by Seaport Global Securities
According to these analysts, the Low Revenue Estimate for Ensco plc is 439 Million and the High Revenue Estimate is 466 Million. The company's shares were given away at $17.81 per share worth to an income of some $1,054,156 on account of Swent James W Iii.

Allete, Inc. (NYSE:ALE) Trading Up - Short interest fell by -5.45%
Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co. ValuEngine lowered Allete from a "buy" rating to a "hold" rating in a research report on Monday, October 2nd.

The Weinstein Co. has been trying to untangle itself from its co-founder since he was sacked from the board Sunday.

Weinstein and his brother, Bob, who is now the head of the company, together own 42% of the company.

Some potential suitors have approached board members and others close to The Weinstein Co, but it remains uncertain whether a deal can be reached for the studio to continue operating.

Goldman Sachs, one of the film company's original financiers, is "exploring options" on the small stake in the company it still has, the Financial Times reported.

This article was originally published at 10:55 a.m.

Related:

  • California wildfires won't stop postman from delivering mail

    California wildfires won't stop postman from delivering mail

    The wildfire has ripped across Northern California, killing 23 , destroying homes, business, and local vineyards. In the video , the truck drives through many blocks of burnt houses, stopping at a few to put mail in mailboxes.

    Fmr LLC Has $73.96 Million Stake in Jones Lang LaSalle Incorporated (JLL)

    Looking at some alternate time periods, the 12 month price index is 1.23649, the 24 month is 0.87381, and the 36 month is 1.06605. The Firm operates through four business divisions: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle.
    Consumer Prices Accelerated in September

    Consumer Prices Accelerated in September

    With the unexpected increase, the consumer sentiment index surged up to its highest level reaching 103.8 in January of 2004. Economists surveyed by The Wall Street Journal expected a 0.6% gain in overall prices and a 0.2% increase in core prices.
  • Notable Mover: Mondelez International, Inc. (MDLZ)

    The stock has a market cap of $62.89 billion, a P/E ratio of 36.6864 and a beta of 1.20. 3M Co now has $129.32 billion valuation. Over the past three months, Mondelez International, Inc . insiders have been net buyers, dumping a net of -174,139 shares.
    Important Factors to Analyse a Good Investment: The Walt Disney Company (DIS)

    Important Factors to Analyse a Good Investment: The Walt Disney Company (DIS)

    Following the purchase, the director now directly owns 7,513 shares of the company's stock, valued at approximately $768,880.42. COPYRIGHT VIOLATION NOTICE: This news story was first published by TrueBlueTribune and is the property of of TrueBlueTribune.
    SpaceX Orbits Dual-Purpose Satellite for SES, EchoStar

    SpaceX Orbits Dual-Purpose Satellite for SES, EchoStar

    The dual-mission satellite will be shared by Colorado-based EchoStar and SES , a Luxembourg company. The hybrid satellite is created to operate from geostationary orbit over North America for 15 years.
  • Jennifer Anniston donating $1 million to Puerto Rico

    Jennifer Anniston donating $1 million to Puerto Rico

    Let's hope Aniston's donation will inspire others to contribute what they can to help the victims of this devastating natural disaster.

    KalVista Pharmaceuticals, Inc. (KALV) transacted 2615937 shares unusually on Thursday

    This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. KalVista Pharmaceuticals, Inc. (KALV ) maintained activity of 0.11 million shares that trade hands on average basis.
    Stream Gucci Mane's Album

    Stream Gucci Mane's Album "Mr. Davis"

    He said "in my mind" it's still coming out on the 17th but it just happens to have a street date of Friday the 13th. After giving fans the commercial mixtape Droptopwop in May, Gucci is now releasing a new album Mr.
  • China iPhone Ban: Qualcomm Lawsuits Seek To Prohibit Sale, Production In Country

    China iPhone Ban: Qualcomm Lawsuits Seek To Prohibit Sale, Production In Country

    Although China isn't Apple's most profitable country for iPhone sales, it is where the majority of the devices are manufactured. Although Apple doesn't use Snapdragon processors in its iPhones, it's still on the hook for numerous patents Qualcomm owns.

    Potash Corporation of Saskatchewan (USA) (POT) EPS Estimated At $0.12

    In an analyst note revealed on 11 October, HSBC analyst has today has started coverage for Potash Corporation of Saskatchewan Inc. Scotia Capital upgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) on Monday, July 10 to "Sector Outperform" rating.
    Carjacking caught on camera, foiled by Good Samaritan

    Carjacking caught on camera, foiled by Good Samaritan

    Police said the man tried to steal a vehicle about 1:15 p.m. from the BP gas station at 16054 Southfield Road. She noticed him when he shut the door, and she courageously jumped inside the auto to try to stop him.

Comments

Latest news

How major USA stock indexes fared on Thursday
But that type of hedge fund strategy - expect 80% losers and 20% big winners - isn't the best way to go for individual investors. However, investors were concerned about the banking giant's 27-percent year-over-year decline in fixed income trading revenue.

Vulcan Materials Company (VMC) Holdings Boosted by Covington Capital Management
Blair William Com Il reported 0.03% stake. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.22 by ($0.32).

Investment Research Analysts Opinion: Alcobra Ltd. (ADHD), CorMedix, Inc. (NYSEAmerican:CRMD)
The biotechnology company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. Company shares have been seen trading -55.56% off of the 52 week high and 37.97% away from the 52 week low.

No place for politics on the campus, says HC
The court clearly said that the police could intervene in such matters and the students indulging in violence should be suspended from that particular college.

The Interpublic Group of Companies, Inc. (IPG) - Profit Margins Analysis
Tahoe Resources Inc.is a mine operations, and mineral exploration and development company. ( NYSE IPG ) opened at 20.35 on Friday. Bank of America Corp initiated coverage on shares of Interpublic Group of Companies in a research report on Thursday, March 2nd.

Growth Analysis of Sally Beauty Holdings, Inc. (NYSE:SBH)
BidaskClub cut shares of Sally Beauty Holdings from a "hold" rating to a "sell" rating in a report on Wednesday, August 23rd. Flinton Capital Management LLC bought a new stake in Sally Beauty Holdings during the fourth quarter worth about $101,000.

Hot Mover of the Day: PG&E Corporation (NYSE: PCG)
The Company's primary operating subsidiary is Pacific Gas and Electric Company, which operates in northern and central California. Other institutional investors have also bought and sold shares of the company. 1St Glob Advsr invested in 0.11% or 5,352 shares.

Trump says he spoke to Virgin Islands' 'president' -- which is him
"Can't wait for the summit between Trump's President of the Virgin Islands & Rick Perry's President of Puerto Rico ", he wrote. Nevertheless, this isn't the first time someone in the Trump administration has revealed a shaky grasp of US geography.

Mindy Kaling Just Revealed The Sex Of Her Baby
Now that the show is ending, Kaling feels her pregnancy marks a bittersweet conclusion, but also a beginning. Kaling has kept the identity of the father private but confirmed she is expecting a little girl.

Are Traders Shorting First Horizon National Corporation (NYSE:FHN) Shares?
The recent low represents a 32.47% since 10/18/16 which is a good sign for traders looking to capitalize on the stock's upside. Neuberger Berman Group LLC boosted its stake in shares of First Horizon National Corporation by 0.8% during the 2nd quarter.

Appian (APPN) EPS Estimated At $-0.16; Patterson Uti Energy Has 1.66 Sentiment
Vertex One Asset Management Inc increased Patterson Uti Energy Inc ( PTEN ) stake by 39.03% reported in 2017Q2 SEC filing. Based on a recent bid, the stock is trading -19.16% away from it's 52- week high and 3.10% away from its 52 week low.

Tenet Healthcare Corp (THC) EPS Estimated At $
The stock of Intra-Cellular Therapies Inc (NASDAQ:ITCI) has "Neutral" rating given on Thursday, September 29 by SunTrust. Redwood Capital Management Llc bought 450,000 shares as the company's stock declined 9.34% while stock markets rallied.

Widow of Peanuts creator loses home in California fire
Monday before it was engulfed in flames, her stepson Monte Schulz said. "She is energetic and pragmatic and very tough". Schulz-Sonoma County Airport and features bronze sculptures of the Peanuts characters.

NVIDIA Corporation (NVDA) Short Interest Down 17.5% in September
Moreover, Quantitative Mgmt Limited Liability Corporation has 0.01% invested in Air Lease Corp (NYSE:AL) for 18,300 shares. The computer hardware maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.32.

Bitcoin Price Crosses $5000 To Reach An All-Time High
Unlike a real-world unit such as the U.S. dollar or euro, bitcoin has no central bank and is not backed by any government. Bitcoin has a lot further to go than this price point to become a real world currency, as it was created to one day be.

Other news