Banking, finance, and taxes

Goldman Sachs (GS) Up 6% On Positive Write-Off News

Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters.

There have been rumors that Goldman might be hit by the wave of financial problems which have hurt banks like Merrill Lynch (MER) and Citigroup (C).

Douglas A. McIntyre

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