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Goldman to release results on website, not BusinessWire: source

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Goldman Sachs Group Inc will release its third-quarter results next week through its website and Twitter, not through BusinessWire, as it seeks more control over the handling of sensitive information, a person familiar with the matter said.

[NEW YORK] Goldman Sachs Group Inc will release its third-quarter results next week through its website and Twitter, not through BusinessWire, as it seeks more control over the handling of sensitive information, a person familiar with the matter said.

Goldman's decision follows several incidents involving inadvertent or early releases of press statements and hacking of companies that provide such services.

The bank declined to comment. "They're not necessarily pulling away," a BusinessWire spokesman said on Thursday. Goldman is just testing a new concept for disclosure this time and BusinessWire still has a good relationship with the bank, he said.

The US Department of Justice charged nine people in August over allegations of hacking at three leading newswire services - BusinessWire, which is owned by Warren Buffett's Berkshire Hathaway Inc, Marketwired and PR Newswire. The hackers stole more than 150,000 unpublished press releases containing financial information.

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Goldman is often at the forefront when it comes to Wall Street's presence on social media. The bank's former technology banker, Anthony Noto, is now Twitter Inc's chief financial officer.

The bank rolled out a series of recruiting ads on Snapchat last month, becoming the first major US lender to turn to the instant-but-fleeting messaging app for potential hires.

REUTERS

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