GOLDMAN SACHS

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U.S. Stocks Plunge, Led by Financials

U.S. stocks on Tuesday fell for the first time in four days after Goldman Sachs predicted anks will have to raise $65 billion in new capital to cover losses in the face of economic data that further highlights soaring inflation amidst a troubled housing market.
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Goldman Sachs mortgage head quits

The head of Goldman Sachs Group Inc.'s mortgage department, Dan Sparks, unexpectedly quit the firm on Friday, according to media reports.
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Intrepid Potash Soars in Market Debut

Intrepid Potash Inc, which produces the potassium compound for fertilizer, jumped more than 60 percent on its first day on the open market as investors bet on a boom for agricultural products.
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Goldman lower Alibaba's target price to 15 HK dollars

Goldman Sachs lowered Alibaba's price target from 18 Yuan to 15 Yuan, or 16 percent, and lower the company's target price earnings ratio of 2009 from 33 times to 30 times, but maintained the stocks neutral rating.
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Merrill Expected to Post Billions in Write downs: Analysts

Merrill Lynch, Inc, is expected to report a loss for the first quarter of the year on Thursday, and is also expected to write down several billion dollars' worth of securities linked to the falling housing market, along with markdowns related to mono-line bond insurer and leveraged buyouts.
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GE's Credibility Questioned as 'Sloppy' Earnings Posted

General Electric Co.'s dismal first-quarter results and lowered 2008 outlook contradicts the confidence its CEO expressed in last months shareholder meeting, leaving analysts speculating and investors jolted on the future of the conglomerate.
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Stocks Dive on GE's Poor Results

U.S. stocks fell to April lows on Friday after General Electric Co. shook investors with its lower-than-expected earnings results which increased concerns that the credit crunch has moved into all sectors.
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U.S. Stocks Slip on Bernanke Plan

U.S. stocks dropped to an 18-month low on Tuesday , after Federal Reserve Chairman Ben Bernanke urged banks to write down more mortgage debts. Financial shares led indexes to fall while oil and gold dropped from previous records.
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Credit crisis throws AIG into uncharted waters

American International Group, on the heels of reporting its largest-ever loss, said on Friday the subprime crisis had thrown it into uncharted waters that were likely to remain choppy through 2008.
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Goldman sees $1-$12 bln more writedowns at top brokers

Goldman Sachs said it expects additional writedowns of about $1 billion to $12 billion each for several major U.S. brokers in the first quarter, with Citigroup estimated to record the highest amount of about $12 billion.
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Many more job cuts ahead for Street banks

Wall Street investment banks, stung by debt losses, have cut tens of thousands of jobs, but even more significant cuts are coming in the months ahead amid a bleaker earnings outlook.

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