This is what’s in the news for Thursday, March 15, 2012. Bloomberg reports Goldman Sachs Group (NYSE:GS) saw $2.15B of its market value wiped out after an employee assailed CEO Lloyd Blankfein’s management and the firm’s treatment of clients. Reuters reports President Obama and British PM David Cameron discussed possibly releasing emergency oil reserves during, sources say, a sign Obama is starting to test global support to lower fuel prices. Reuters also reports Canada’s government said it would loosen curbs on foreign investment in the telecom sector, allowing non-Canadians to take control of carriers with a market share of 10% or less. Finally, Reuters also reports the Treasury said it plans to sell its preferred stock position in six community banks as part of the Obama administration’s effort to unwind bailout programs from the financial crisis.
