Goldman Sachs Weighs Sales of ICBC Stock, IBM’s Layoffs, Yahoo! Rating

Goldman Sachs (NYSE:GS): Industrial and Commercial Bank of China President Yang Kaisheng says Goldman Sachs (NYSE:GS) is “free to sell its shares” in the bank as the lock-up period has ended, Reuters reports. Previous reports said Goldman was weighing the sale of “a big chunk” of its stake in ICBC. Kaisheng says Goldman has repeatedly told ICBC that it considers it to be a good investment. On the other hand, Goldman Sachs overall option implied volatility of 33 is below its 26-week average of 37 according to Track Data, suggesting decreasing price movement.

IBM (NYSE:IBM): Alliance@IBM notes that the number of layoffs at IBM (NYSE:IBM) continues to escalate, according to the Charlotte Observer. The total has grown from 1,440 as of last Thursday to around 1,650 currently.

Yahoo Inc (NASDAQ:YHOO): After conducting checks, Piper Jaffray believes that the percentage of rich page ads on Yahoo’s home page reached the highest level since 2010. The firm still expects Yahoo’s display revenue to drop 4% year-over-year in Q1, but it maintains an Overweight rating on the stock.

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