This is what’s in the news for Wednesday March 28, 2012. The Wall Street Journal reports Goldman Sachs Group (NYSE:GS) agreed to change its board structure in order to persuade a union pension fund to drop a shareholder proposal that could have cost CEO Blankfein his job as chairman. The Wall Street Journal also reports the Airlines for America trade group representing the largest U.S. carriers called on the Obama administration to take action against the EU in a bid to end the bloc’s carbon trading market. Reuters reports Facebook CEO Mark Zuckerberg wants about $5B from Wall Street investors, but they won’t see much of him, and it could become an issue because of the control he exerts over Facebook via special shares. Finally, Bloomberg reports Transcoean (NYSE:RIG), the world’s biggest owner of offshore rigs, stands to benefit the most this year from a surge in demand as rental rates for ultra-deep-water rigs should climb 28% to a record $714,000.
